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Technology Stocks : Orckit (ORCT)

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To: John F. Dowd who wrote (1293)	6/17/1998 8:17:00 AM
From: savolainen	Read Replies (2) of 1998

[dt contract... orctf partnered with fujitsu/lucent/ not-named] now i looked at orctf's dt press release on monday... but somehow missed these (not insignificant) details ... "...Yesterday, at the time of the issue, Orckit had another bon-bon for investors. The company announced another contract to start supplying ADSL modems to Deutsche Telekom. The first stage of the deal is for installations for 70,000 telephone lines, and it will be shared between two or three companies. The financial value of a tender of this size should be some $30 million. Orckit bid in the tender with three strategic partners, Fujitsu, Lucent, and a third company whose name has not been released. About 70% of the equipment supplied in these projects will come from Orckit." globes.co.il

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