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Technology Stocks : WAVX Anyone?

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To: jas singh MD who wrote (1320)3/9/1998 9:22:00 PM
From: 24601  Read Replies (2) of 11417
 
Dear Jas: Good to see your post.

I recall the statement at WallStreetForum to the effect that IBM has contractually committed to ship a specified number of systems with the WaveMeter inside.

I also recall the statement in the conference call of December 18 to the effect that IBM's commitment is not legally enforceable.

I reconcile these seemingly inconsistent propositions by giving harmonious meaning to each. I conclude that IBM has agreed in writing to apply its best efforts to achieve specific numbers.

Best wishes.

John.
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