ORTEL Message Board - Msg: 2110002

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Technology Stocks : ORTEL

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To: edwin mok who wrote (397)	9/3/1997 9:51:00 PM
From: Hiram Walker	of 659

Edwin, it seems that U.S. sales are falling pretty flat on broadband,but overseas and wireless are picking up for ORTL. International sales doubled to $10.9 million from $5.5 million in the corresponding prior quarter. Domestic sales decreased to $8.8 million from $11.8 million a year ago, primarily from the continuing industrywide slowdown in spending for cable network upgrades. I think this is significant news for the whole group. I hope HLIT can benefit from this,they have over 60% sales internationally,and went to 6 major trade shows over the past six months around the world. ORTL looks pretty solid,but I would expect a sell off tommorrow. I hope it holds over the next month above 20. The conference call should be very interesting,as to the direction of the industry. Overseas cable and telephony operators are building heavily and aggressively in both HFC and Wireless depending on the density and affluence of the area. The major cities of both Southeast Asia and Latin America are building HFC,the rural and small cities are quickly adopting wireless from what I hear. Hiram

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