| Index of coverage | Top Ten 1. Teradyne Inc. 2. Analog Devices Inc. 3. LTX Corp. 4. EMC Corp. 5. Helix Tech. Corp. 6. ACT Manufacturing 7. Millipore Corp. 8. Talbots Inc. 9. Cytyc Corp. 10. FleetBoston Year's Best Company of year Highest Market Value Fastest Growth Biggest Stock Gain Comeback of the Year Highest Sales Contents Overall performance Banking Biotech Growth   1. ACT Manuf.   2. Provant Inc.   3. Analog Devices   4. Sapient Corp.   5. Foilmark Inc. Bulls and Bears   Bulls   1. J. Jill Group   2. Inverness Medical   3. Reebok Intl.   4. Bostonfed Bancorp   5. John Hancock   Bears   1. Aztec Tech.   2. Engage Inc.   3. CMGI Inc.   4. Telaxis Comm.   5. NaviSite Inc. Employment IPOs Profitability Sales The Globe 100 Market value 100 Sales 100 Return on equity 100 Growth 50 Highest leveraged Top employers Most productive Industry summary Biggest profits Biggest losses The Bulls The Bears Top profit margins Debt-free companies Street's darlings Street's wallflowers 2000 Mass. IPOs Recoveries Nose Dives All the charts for this year's Globe 100    | 2000 Globe 100 | Search the Globe: Today Yesterday

4. TELAXIS COMMUNICATIONS CORP. Loss of customer is powerful blow 5/22/2001     BEARS & BULLS Old economy companies led Bay State Bulls The shining lights of the local investment world were companies that sell sneakers, blood tests, clothes for middle-age women, and life insurance. Continued THE BULLS 1. J. Jill Group 2. Inverness Medical Tech. 3. Reebok Intl. 4. Bostonfed Bancorp 5. John Hancock Financial THE BEARS 1. Aztec Tech. Partners 2. Engage Inc. 3. CMGI Inc. 4. Telaxis Communications 5. NaviSite Inc. The Bulls The Bears All the charts lame it on Paris. When the French phone giant Alcatel bought Canada's Newbridge Networks last year, Telaxis Communications, of South Deerfield, lost its dominant customer. Alcatel took most of Newbridge's Telaxis spending back in-house. Shares of the maker of fixed-wireless transmitting gear used in broadband Internet systems promptly cratered, losing 97.6 percent of their value in the 12-month period that ended March 31. They have since bounced around just barely above the $1-a-share threshhold for being delisted from Nasdaq. The shares had soared to $120 after a February 2000 initial public offering. Telaxis, founded in 1982 as Millitech, eked out barely a half-million dollars in revenue in the first quarter of this year, less than 9 percent of what it sold in the same period in 2000, when its Newbridge business was still riding high. Telaxis executives insist they may be battered, but not beaten. As of March 31, the company reported $34 million in cash and saleable securities, enough to cover about 18 months of red ink. John Youngblood, Telaxis's president, said last month that the company had ''reduced expenses in all areas except research and development.'' He said the company continues to develop products and improve manufacturing. But using this year's favorite comment from US high-tech executive suites, Youngblood said, ''Our visibility is limited in such a rapidly changing market environment.'' PETER J. HOWE

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