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Technology Stocks : Orbital Engine (OE)

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To: Maverick who wrote (4513)	10/9/2000 9:12:01 PM
From: dwight martin	Read Replies (1) of 4908

From an Australian paper: Tuesday, 03 Oct 2000 From section: Companies And Markets Publication: Australian Financial Review Shares in Orbital Engine Corp Ltd rose 15 per cent yesterday in the wake of Friday's announcement that Saab had become the first automotive manufacturer to display a product incorporating the Perth company's engine technology. Reversing a recent weakening in the stock, Orbital shares jumped to a high of $2.03 before closing 23¢ firmer at $1.97 in trade worth $1.4 million. The sharp re-rating followed the showcasing at the Paris Motor Show of a Saab incorporating Orbital's fuel injection technology. Today's x-rate is .534 $Au per $US, which implies a high price of $US 6.50 per ADR price on 10-3-2000. Actual price was no less than $7.90 per ADR. MAN, are we getting robbed over here.

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