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Technology Stocks : BroadBand Technology(BBTK)

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To: Craig Kaltner who wrote (1554)	1/23/1998 11:09:00 AM
From: Todd Johnson	Read Replies (1) of 1797

>That's not what your qrt statement from NOV 97 said > > A reserve of $5 million or $.38 per share was accrued for >BroadBand's share of performance fees > relating to product delays for the joint Lucent >Technologies/BroadBand Technologies Switched > Digital BroadBand Access System (SDBAS) product. In 1997 >BroadBand has reserved its > maximum liability under the agreement with Lucent and payment >of such fees, which are limited > to $1 million per year, should occur over the life of the >agreement. IMO, the performance fees were due to missed delivery dates of specific functionality and are not related to technical issues between Lucent and BBT.

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