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Technology Stocks : Vari-L (VARL)

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To: Robert Sheldon who wrote (1044)	7/10/1999 3:10:00 PM
From: jeff greene	Read Replies (2) of 2702

I have a short list of large contracts that VARL is likely to land (if it hasn't already) in opteoelectric, handset VCOs, commercial components, and Mil/Aero. Robert-- I talked to the PR firm, Phillips, about the company Friday and they voiced some frustration also over inability to announce awarded contracts. It is VARL company policy to be tight lipped, probably required by OEMs to protect competitive advantages. He also stated the earnings pre-announcement was in response to previous high volume days indicating leaks of positive earnings. As you and Pat have affirmed, he also emphatically denied lack of capacity problems, and furthermore noted the recent patent announcement addresses the cost reduction capabilities to prevent OEM in house manufacturing threats. I believe he said earnings would be July 23, is that your understanding? Jeff

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