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Technology Stocks : Meade Instruments Corp MEAD
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To: jlib who wrote (127)3/30/2000 7:00:00 PM
From: jlib   of 175
 
The Wall Street Journal HEARD ON THE NET

March 30

Staid telescope maker Meade Instruments saw its stock price double on word of a deal to make optical components for a company that hopes to offer high-speed Internet access via laser beams. But some investors are questioning the feasibility of the technology, and whether the stock's high valuation is justified.

Article at:
interactive.wsj.com

Fair Use excerpt:

But investors may be getting a bit ahead of themselves.
TeraBeam's technology is unproven and demand for the
service is questionable. What's more, Meade has cautioned
analysts that it doesn't expect to see any material revenue
from the deal until sometime next year, at the earliest.
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