** SETO ** Up; News with Lucent Division; earnings coming out next week according to Company representative.
He also claims MM's are short. Read below. FWIW - sometimes MM's here don't fill right away; seems that small orders of 500-2,000 shares are best to get a fill.
They look like they were holding BUY orders after the news and are finally just starting to fill them. Good luck, all. This is a good and profitable company with excellent revenue growth. Qualifies for NASDAQ apparently in every way but share price.
Just posted this on SW's thread: Message 14351818
(COMTEX) B: SETO HOLDINGS INC - SETO Agreement With Lucent Technologies Microelectronics
New York, New York, Sep. 08, 2000 (Market News Publishing via COMTEX) -- SETO Holdings, Inc. announced that it has entered into an agreement with Lucent Microelectronics Group, The World Leader in Communications Semiconductors.
A mutual non disclosure agreement has been signed between Lucent and SETO to share proprietary marketing, technical or business information including without limitation, products and/or software ("information"), relating to all
information regarding Lucent Technologies Microelectronics Group's V.90 analog data/fax modem technology and, ADSL Wildwire modem technology, schedules, and products as well as information relating to Lucent Technologies channel
marketing programs, said Gene Pian, President, CEO of SETO.
Tan Hun Chin, Director and COO of SETO Asia Group said, "The technical support
from Lucent Technologies Microelectronics to SETO Technology Dot Com Sdn Bhd, a
wholly owned subsidiary of SETO Holdings, Inc., will prove to be very helpful
and important for our growth in the telecommunications product line. The first
technical product from Lucent will be a (micro chip set solution) for the SETO
"Combo Modem", which will be introduced and marketed soon to the many areas
within a country, that at the present time only have standard telephone service
without DSL (direct server line), then when DSL becomes available in the same
area, the SETO "Combo Modem" will automatically switch over for use in that
area, saving additional set up and reinstallation costs. This product will be
introduced shortly by SETO in the immediate target areas of Malaysia, Thailand,
India, China and Singapore. Soon after the first few areas are in operation,
SETO expects to introduce the "Combo Modem" in South America."
About SETO Holdings, Inc. Founded in 1975, SETO Holdings, Inc. operates as a
broad based technical manufacturer in three major product groupings: Technical
Products to industry, inclusive of diamond tools, wafer fab supplies and
technical ceramics; Consumer Products such as cellular phone batteries,
rechargeable batteries for uses, consumer electronics and Telecommunication
devices. Please visit the Company's web sites: www.SETOHOLDINGS.com,
www.stidiamond.com, www.ecsceramics.com, www.setoEmall.com,
www.hk-batteries.com.hk.
Included in this release are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Although the company believes that
the expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations reflected in such forward-looking
statements will prove to have been correct. The company's actual results could
differ materially from those anticipated in the forward-looking statements as a
result of certain factors including sales levels, distribution and competition
trends and other market factors.
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TEL: 914/923-5000 Thomas Fisher, Public Relations Mgr.
TEL: 914/923-5000 Thomas Fisher, Public Relations Mgr
FAX: 914/923-6225
E-mail: stiandecs@aol.com |
