Ralph
29.12.2000, 19:24
Unglaublich, wie schnell sich ein positiver Trend ins Gegenteil verkehren kann ! http://www.stock-channel.net/Board/smilies/frown.gif
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Caught in the F5 downdraft
By Emily Church, CBS.MarketWatch.com
Last Update: 11:22 AM ET Dec 29, 2000
NEW YORK (CBS.MW) - Shares of CacheFlow have lost over half their value in the past seven days as investors fret about the impact of cuts in technology spending in the hard-hit Internet infrastructure sector.
Shares (CFLO: news, msgs) were down 18 percent to $17.25 Friday morning in heavy volume after at least two analysts raised concerns in notes to clients. Likewise, Inktomi (INKT: news, msgs) shares were under pressure, down 10 percent to $18.
CacheFlow provides Internet caching appliances, which manage the flow of information over the Internet. Inktomi develops caching software as well.
A warning Thursday from F5 Networks (FFIV: news, msgs) , another network infrastructure devices player, helped trigger a double-digit slide in CacheFlow on Thursday.
Behind the sharp moves in the group are worries about the extent of the slowdown in capital expenditures and the decline in orders.
"We have been particularly shocked by how abruptly many Internet infrastructure and services companies have seen orders slow or cancelled. This has been corroborated by our recent checks with customers and distributors," said Bear, Stearns analyst Robert Fagin in a note to clients Friday.
The firm cut its rating on Inktomi to an attractive from a buy rating amid concerns of "economic-related slowdown." CacheFlow was cut to neutral from attractive for the same reason.
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Ralph, wieder mal grübelnd ! http://www.stock-channel.net/Board/smilies/frown.gif
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Caught in the F5 downdraft
By Emily Church, CBS.MarketWatch.com
Last Update: 11:22 AM ET Dec 29, 2000
NEW YORK (CBS.MW) - Shares of CacheFlow have lost over half their value in the past seven days as investors fret about the impact of cuts in technology spending in the hard-hit Internet infrastructure sector.
Shares (CFLO: news, msgs) were down 18 percent to $17.25 Friday morning in heavy volume after at least two analysts raised concerns in notes to clients. Likewise, Inktomi (INKT: news, msgs) shares were under pressure, down 10 percent to $18.
CacheFlow provides Internet caching appliances, which manage the flow of information over the Internet. Inktomi develops caching software as well.
A warning Thursday from F5 Networks (FFIV: news, msgs) , another network infrastructure devices player, helped trigger a double-digit slide in CacheFlow on Thursday.
Behind the sharp moves in the group are worries about the extent of the slowdown in capital expenditures and the decline in orders.
"We have been particularly shocked by how abruptly many Internet infrastructure and services companies have seen orders slow or cancelled. This has been corroborated by our recent checks with customers and distributors," said Bear, Stearns analyst Robert Fagin in a note to clients Friday.
The firm cut its rating on Inktomi to an attractive from a buy rating amid concerns of "economic-related slowdown." CacheFlow was cut to neutral from attractive for the same reason.
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Ralph, wieder mal grübelnd ! http://www.stock-channel.net/Board/smilies/frown.gif