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Pulse: GlobeSpan's Positive News Rare in the DSL Space
These are not good times for tech stocks in general and for DSL sellers in particular, so Thursday morning brought a doubly positive surprise.
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DSL chipmaker GlobeSpan (GSPN Quote) announced today that it would make or beat estimated earnings for the December quarter, the type of positive warning that is rare in its space.
GlobeSpan's upside surprise comes just two days after fellow DSL modem manufacturer Efficient Networks (EFNT Quote) announced that it would miss earnings estimates for the December quarter. Efficient paid for its admission with a fistful of downgrades and a 21% drop in its value Wednesday, the day the cut-rate rally sent most tech stocks soaring. ...
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