Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: DD™ who started this subject	2/12/2002 7:54:37 AM
From: Fuzzy	of 3076

Fuji Electric to sell Echelon technology in Japan TOKYO, Feb 12 (Reuters) - Fuji Electric Co , a Japanese maker of heavy electric machinery, said on Tuesday it had agreed with U.S. control networking firm Echelon Corp (NasdaqNM:ELON - news) to promote its technology in Japan. Fuji said it expected sales of one billion yen ($7.50 million) in the initial year of cooperation with the Japanese unit of Echelon, which sells software that automates industrial equipment and building systems. Under the deal, Fuji Electric will sell controlling equipment that uses Echelon's LonWorks system -- a widely used software for connecting home appliances and other devices to the Internet. Fuji Electric said it expected LonWorks-related sales of three billion yen during the year starting April 2003. Fuji Electric shares soared 7.5 percent in morning trade on a report of the deal in the Nihon Kogyo Shimbun industrial daily. The shares ended Tuesday up 5.0 percent at 252 yen, while the Nikkei average climbed 1.98 percent.

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