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Technology Stocks : Orckit (ORCT)

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To: pat mudge who wrote (1457)9/2/1998 5:13:00 PM
From: SoMo  Read Replies (1) of 1998
 
The stock's up and no one's here.

Hi Pat. Good to see the stock's up. Maybe no one's here cause everybody knows Orckit got a major part of the DT tender but decide to stay quiet before the announcement.
The question is: Is the contract already priced in the current stock level (16+) ? I tend to think it actually is. I cannot meet a guy who doesn't know/haven't heard the co' won the contract. What will make the difference is the time frame the co' gets its costs down and starts earning $$$.
At this time, the co' still believes the new ADSL chip will be ready for Q1/99. That's my personal view as well.

Bye, SoMo.
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