Credit Suisse First Boston Initiates Coverage of Acterna Corporation With a Buy Rating

Apr 26, 2001, 01:00 ET from Credit Suisse First Boston

    PALO ALTO, Calif., April 26 /PRNewswire/ -- Credit Suisse First Boston
 Technology Group analyst David Dusenbury initiated coverage today of
 Acterna Corporation (Nasdaq: ACTR) with a BUY rating.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000204/CSFBTECH )
     Acterna Corporation is a global communications test and measurement (T&M)
 company focused on technology solutions for Optical, Access, Wireless and Data
 Networks. "With 90% of total revenues coming from sales of high-growth
 communications test solutions, versus only 35% for Agilent and roughly 50% for
 TEK, Acterna represents a strong pure play in the T&M space," said Dusenbury.
     Dusenbury believes Acterna is leveraged to the segments within T&M that
 appear to be showing strength. "While pure information on the communication
 T&M sector is hard to come by it appears those companies leveraged to R&D and
 manufacturing segments have reported weakness, while those leveraged to field
 service and monitoring have not. With 60% of T&M revenues leveraged to the
 latter, Acterna appears to be in a stronger position than other publicly
 traded portfolio plays," said Dusenbury.
     The recent release of its portable OC-192 field testing unit is expected
 to contribute to top line growth in FY02 while continued integration of its
 recent merger is expected to result in somewhat faster bottom line growth.
     EPS estimates for FY01 and FY02 are $0.19 and $0.35, respectively.
     Credit Suisse First Boston (CSFB) is a leading global investment banking
 firm serving institutional, corporate, government and individual clients.
 CSFB's businesses include securities underwriting, sales and trading,
 investment banking, private equity, financial advisory services, investment
 research, venture capital, correspondent brokerage services and retail online
 brokerage services. It operates in over 97 locations across more than 37
 countries and 6 continents, and has some 28,000 staff worldwide. The Firm is a
 business unit of the Zurich based Credit Suisse Group, a leading global
 financial services company.
     This communication is provided to you for informational purposes only.  It
 should not be used nor is it considered as an offer to sell, or a solicitation
 of any offer to buy, any security or other financial instrument.  This is
 merely an announcement of a Credit Suisse First Boston ("CSFB") research
 report and neither is, nor is it intended to be a comprehensive summary of the
 report or recommendation. The report referred to herein should be read in its
 entirety prior to making a decision to invest in any of the companies
 mentioned therein.  If you would like to obtain a copy of this report, please
 contact your CSFB sales representative.
 
     Credit Suisse First Boston is a member of the National Association of
 Securities Dealers, CRD number 816.
 
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SOURCE Credit Suisse First Boston
    PALO ALTO, Calif., April 26 /PRNewswire/ -- Credit Suisse First Boston
 Technology Group analyst David Dusenbury initiated coverage today of
 Acterna Corporation (Nasdaq: ACTR) with a BUY rating.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000204/CSFBTECH )
     Acterna Corporation is a global communications test and measurement (T&M)
 company focused on technology solutions for Optical, Access, Wireless and Data
 Networks. "With 90% of total revenues coming from sales of high-growth
 communications test solutions, versus only 35% for Agilent and roughly 50% for
 TEK, Acterna represents a strong pure play in the T&M space," said Dusenbury.
     Dusenbury believes Acterna is leveraged to the segments within T&M that
 appear to be showing strength. "While pure information on the communication
 T&M sector is hard to come by it appears those companies leveraged to R&D and
 manufacturing segments have reported weakness, while those leveraged to field
 service and monitoring have not. With 60% of T&M revenues leveraged to the
 latter, Acterna appears to be in a stronger position than other publicly
 traded portfolio plays," said Dusenbury.
     The recent release of its portable OC-192 field testing unit is expected
 to contribute to top line growth in FY02 while continued integration of its
 recent merger is expected to result in somewhat faster bottom line growth.
     EPS estimates for FY01 and FY02 are $0.19 and $0.35, respectively.
     Credit Suisse First Boston (CSFB) is a leading global investment banking
 firm serving institutional, corporate, government and individual clients.
 CSFB's businesses include securities underwriting, sales and trading,
 investment banking, private equity, financial advisory services, investment
 research, venture capital, correspondent brokerage services and retail online
 brokerage services. It operates in over 97 locations across more than 37
 countries and 6 continents, and has some 28,000 staff worldwide. The Firm is a
 business unit of the Zurich based Credit Suisse Group, a leading global
 financial services company.
     This communication is provided to you for informational purposes only.  It
 should not be used nor is it considered as an offer to sell, or a solicitation
 of any offer to buy, any security or other financial instrument.  This is
 merely an announcement of a Credit Suisse First Boston ("CSFB") research
 report and neither is, nor is it intended to be a comprehensive summary of the
 report or recommendation. The report referred to herein should be read in its
 entirety prior to making a decision to invest in any of the companies
 mentioned therein.  If you would like to obtain a copy of this report, please
 contact your CSFB sales representative.
 
     Credit Suisse First Boston is a member of the National Association of
 Securities Dealers, CRD number 816.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81922386
 
 SOURCE  Credit Suisse First Boston