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Technology Stocks : Orckit (ORCT)

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To: shlomi cohen who wrote (766)	10/6/1997 10:41:00 PM
From: savolainen	of 1998

Mofet Israel Technology Fund thanks for posting the info on mofet selling. Orckit sunk like a stone this morning! Had a limit order in... sunk so fast that i ended up buying @ 1/2 point below limit order.... <g>... (I can smile now) before your post had figured that the drop was due to the info on alcatel's new adsl chip which was on the wires today... maybe a combination?... in any case orckit made a nice recovery... A question for you when you have the time: from orckit's prospectus: mofet shares beneficially owned prior to offering: 500,000 mofet shares sold in offering: 39,920 mofet shares beneficially owned after offering: 460,080 >>...Moffet...sold shares<< >>they left with 145,000 shares...<< Do you mean that they are now left with 145,000 shares and that after today's selling, they have sold approx 315,000 shares since the ipo?? (460,080- 145,000 = 315,080). also thanks on the note on mofet's prior astute selling record..(VOCLF: sold @ 4-6 now 26) Best wishes s

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