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Non-Tech : Amati investors
AMTX 1.400-1.8%3:59 PM EST

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To: j rector who wrote (27765)10/25/1997 1:38:00 AM
From: Andrew Won  Read Replies (2) of 31386
 
J,

Perhaps I can add something here. Finalizing contracts and press releases is not as easy or straightforward as you might think. The bigger an organization, the more committees and bodies you have to deal with to get a press release out. If the other company happens to be publicly-traded, it takes even longer.

It's also true that contracting parties are often precluded by confidentiality provisions in nondisclosure agreements and letters of intent from saying anything about a deal. Usually, the nondisclosure provisions are only waived after the form of press release has been approved.

Smaller companies are usually at the mercy of larger companies when it comes to contracts getting nailed down and press releases out. I am sure GTE and the other telcos could care less about Amati or Westell's desire to get a press release out.

Andy
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