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Technology Stocks : ORTEL
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To: Sven H Khatri who wrote (404)10/6/1997 9:19:00 PM
From: Roger Zucchet   of 659
 
Sven,

Well, that's just my point. In the past, the assumption has been that if either ORTL or HLIT announced poor results, or issued an earnings warning, both stocks tanked. HLIT really got whacked last week, and ORTL went down a little bit, but gained a buck today!

I don't know if the two companies are (or should be) linked together or not... But in the past, their stock prices were a bit more highly correlated than they have been recently. I don't have a great answer to why this disparity has now happened.

Any possible theory?

-Roger
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