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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST
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To: Walter Morton who wrote (7378)8/20/1999 7:49:00 PM
From: Walter Morton  Read Replies (1) of 18366
 
"The Company recently announced initial shipments against approximately $3 million of production orders from Lanier Worldwide, Inc. ("Lanier") resulting from a January 1997 development and supply agreement (the "Lanier Agreement").
These initial orders represent the first five months of orders for digital recording products targeted for the medical market. These products are intended to be sold worldwide by Lanier's sales force. The contract provides for rolling six month forecasts of requirements and three month rolling orders for future products."

So, does that mean that if the agreement is extended into 2000 for an entire year, EDIG should expect to receive $7.2 million from the Lanier project?
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