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Technology Stocks : Orckit (ORCT)

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To: savolainen who wrote (1498)9/28/1998 11:11:00 AM
From: D.J.Smyth  Read Replies (3) of 1998
 
savo. great article. orckit's stock price weakness related directly to cable i believe.

it's a turnabout for DT, on par with Captain Cook deciding the "northwest passage" was a financially infeasible passage.

<<Telekom officials briefing reporters late Thursday confirmed that one factor driving the company's plan to spin off its cable television network is the conviction that it is no longer needed to provide high-end multimedia services.

Video on demand, pay-per-view television and other services expected to drive the coming revolution in interactive entertainment and business will become increasingly available in the next few years over basic telephone lines....

Telekom had been high on the possiblities of the wide bandwidth delivered by cable TV lines, and not considered possible via conventional telephone switches. The secret behind Telekom's change of heart lies in the promise of a new technology that greatly expands the capacity of digital transmission over copper phone lines, called Asymmetrical Digital Subscriber Line.>>

orctf dumped the day the other company, for cable, came out with their three chip to one chip announcement with speedier results; with significant backing. from this reading though, DT is doing an about face. something's cooking. this complete turn by DT is too big to ignore.

obviously DT's "new technology" which "greatly expands the capacity of digital transmission over coper phone lines" is none other than fujitsu/orckit's technology.
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