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Technology Stocks : Wireless Infrastructure Plays

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To: Mel Spivak who wrote ()3/10/2000 4:27:00 PM
From: Mel Spivak  Read Replies (1) of 6
 
AMPD - Big Order:

RARITAN, N.J., March 10 (Reuters) - Amplidyne Inc., which
makes parts used in wireless telecommunications equipment,
said on Friday it had won a multimillion-dollar order from a
central European Internet service provider.

Shares of Amplidyne (NasdaqSC:AMPD - news) were up more than 40 percent -- ahead 3-1/2
at 12 -- in afternoon trade on the Nasdaq stock market.

The company said it expects to ship between $6.5 million and $13 million worth of high-speed
wireless Internet access products over the next 12 to 18 months, depending on demand.

During March and April, $250,000 of products will be shipped under the new European contract,
it said.
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