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Technology Stocks : ORTEL
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To: James Fulop who wrote (524)11/12/1999 10:49:00 AM
From: quidditch  Read Replies (2) of 659
 
James, Pat,
the reference to "affiliate" or affiliated company most likely is a reference to its 18% (or whatever it is) position, so ORTL can not be consolidated, but will be treated on the equity method. I think there is no implication whatever that ORTL is in the same business as Sumitomo, or "handles" business for SMTO.

Of course, I do not have the benefit of having read the text that you are referring to.

Steve
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