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Technology Stocks : PWAV- the hot new IPO

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To: JOHN CHEN who wrote (921)	3/1/1998 7:45:00 PM
From: John E. Marciszewski	of 1491

Just wondering about your ideas for 1Q98. I went back over the order announcements from last 9/97 and 10/97 and it was about $70M. This does not include the orders that continued during the Korea crisis. I'm not sure how much of the $40M from 4Q97 this included but let's say around $20M. That leaves a $50M backlog coming into 1Q98 with a $5M Nortel order plus some other stuff new just starting to ship. Based on this unless orders have been pushed out, we should see at least $30-35 million this quarter. Am I off here???

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