Pat,
Perhaps GTE comes out swinging for the next coupl'a weeks, after being downgraded and ending rumors of an AT&T buyout, in order to stabilize its stock price. The timing of news releases would be right for a November rollout.
It looks like CAP may be the appetizer for the '97 deployment, with DMT served as the main entr‚e when the chef has completed his TI and Motorola chips in commercial quantities. This would jibe with JS's comment, and of course, demonstrates the value of the merger: whatever the customer wants, it's on the menu!
Regards,
Richard
PS I'm not generally a conspiracy buff, but an explanation for Amati's languishing stock price, in the face of many "strong buy" opinions, may lie in the options market. As a NASDAQ/options cynic, I've noticed that in the week or two prior to options week there is a concerted effort to bring the price of Amati down to the next lowest strike price. There were a lot of Oct 17.5 and 20 Calls bought (not by me), I believe, and someone (? market maker) stands to make a lot of money if they expire worthless. If in that preceding week they get the price to near say, 18, then it will naturally gravitate to 17.5 as people nervously sell their calls going into expiration Friday. The same could apply to Westell, though I haven't followed their chart as closely. Hard to prove, but I wonder. |
