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Technology Stocks : PLPT: Pulsepoint Communications (previously DGSD)

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To: a. paisley who wrote (416)11/18/1998 4:15:00 PM
From: Venditâ„¢  Read Replies (1) of 614
 
When looking at the recent filing with the SEC I would have to answer you by saying yes.

In July 1998, the Company announced the renewal of its multi-year contract with GTE. As part of that renewal, GTE provided a $50 million minimum purchase commitment, subject to the Company meeting certain delivery milestones. Also in July 1998, the Company announced that one of those milestones had been missed and as such, GTE now has the option of choosing to reduce, cancel, or maintain the purchase commitment clause within the overall contract. Through November 12, 1998, no action has been taken to modify the purchase commitment clause. The Company also announced in July 1998 that the EAP was in integration testing and standardization at GTE with a goal of initial deployment beginning later this year. The Company continues to maintain its goal of initial deployment with GTE or other customers in late 1998, although there can be no assurance that this goal will be achieved.

sec.yahoo.com

Now that was the best NO HYPING answer I could think up. <g>
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