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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: Keith Fauci who wrote (3032)10/2/2002 5:00:24 PM
From: Ted The Technician   of 3076
 
The IBM partnership could add value; however, I do not know the details of the partnership. Regardless of the details, I do not see it replacing the ENEL revenue in the near future. The potential market is significant, but I don't see that market developing significantly any time soon because of the current economic malaise. There have been many smaller companies in the past who have announced partnerships with industry leaders like Microsoft and Coca Cola. I have seen these small companies temporarily trade up on the news, but seldom have I seen such companies reap significant long term benefits. I would be surprised if management will have anything significant to say about this partnership during its next conference call.
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