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Technology Stocks : BroadBand Technology(BBTK)
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To: rtp97 who wrote (1571)2/11/1998 1:44:00 PM
From: Herman Greene  Read Replies (2) of 1797
 
Ok RTP '97, I'll try to explain. The market was concerned about BBTK's alliance with Lucent especially when it was announced that BBTK would not be included in the development of the Anymedia project. The new contract is more important in terms of BBTK's continuing alliance with Lucent than the dollar amount. Plus it establishes that Lucent will look to BBTK for broadband help outside the FLX project. Also, BBTK's announcement that it will move downmarket in applying its technology to intermediate solutions, while a capitulation of sorts, is an indication that BBTK will not only focus on building the BEST long term applications but will seek existing markets for its technology. In part this is attributable to Orr's leadership.

BBTK is still in the race for the long-term solution,and now it is going to develop products to serve existing networks to become product and market driven as well as technology driven. This is an important change in BBTK.

The spike up in BBTK's stock and fall back was to be expected. That's why I added stock at the bottom and sold when the recent run spiked. I still maintain a significant long-term position. If you sold at $30, buying back in at 6.5 would be a great move. It's unlikely that the stock will return to 4, but likely it won't significantly improve in the short run until it announces additional revenue streams and partnerships.

Why all the concern for confidentiality RTP '97? What is your name?
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