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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (1818)8/4/1998 2:01:00 PM
From: Bill  Read Replies (1) of 12823
 
GDC was actually first to market with an ATM switch. However, they lost ground quickly when StrataCom, Newbridge, Cascade, Nortel and Fore broke in. Stock is lower than usual for two reasons IMO. 1. Lucent, which resells GDC's Apex switch, has announced a competing product, so the relationship will probably not survive. 2. The CEO owns all of the preferred stock and has an unusually high level of control.

Bill
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