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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: rowrowrow who wrote (67843)	10/25/1999 2:17:00 PM
From: JakeStraw	Respond to of 90042

VARL News: Vari-L Company Announces $1.1 Million Purchase Agreement from Adaptive Broadband for Commercial Wireless Products DENVER, Oct. 25 /PRNewswire/ -- Vari-L Company, Inc. (Nasdaq: VARL - news), a leading provider of advanced components for the wireless telecommunications industry, today announced it has received a $1.1 million purchase agreement from Adaptive Broadband, Inc. for components to be used in wireless point-to-point and point-to-multipoint microwave radio networks. Vari-L will deliver narrow-frequency Voltage Controlled Oscillators (VCOs) to Adaptive Broadband over the next two years beginning in the present quarter. Dave Sherman, president and CEO of Vari-L, said, ''We are very pleased to have extended our relationship with Adaptive Broadband through this significant purchase agreement for commercial VCOs. We believe the long-term associations Vari-L has developed with its customers reflect our commitment to delivering superior-quality products on time and on budget, and we are confident this record will serve the Company well as we attempt to leverage our technology to penetrate new product markets.'' Adaptive Broadband (Nasdaq: ADAP - news) is a data networking solutions company - - a leading provider of terrestrial wireless and satellite-based systems to support ultra high speed Internet access, broadcast digital TV transport and worldwide Internet backbones. The company also provides industry-leading solutions for satellite-based data communications and terrestrial wireless telemetry networks. Adaptive Broadband was founded in 1968 as California Microwave. Through its headquarters in Denver, Vari-L designs, manufactures and markets radio- and microwave-frequency signal source and processing components used in the wireless telecommunications industry. Vari-L's patented products are used in a variety of commercial, subscriber and military/aerospace applications, including emerging digital and broadband communications technologies. Vari-L serves a diverse customer base comprised of some of the world's leading technology companies, including Adaptive Broadband, Ericsson, Harris, Hughes, IBM, Lockheed Martin, Lucent Technologies, Mitsubishi, Motorola, NEC, Nokia, Northrop Grumman, Raytheon, Samsung, Siemens, Stanford Telecom and Wireless Access. Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into which the Company's products are integrated, governmental action relating to wireless communications licensing and regulation, internal projections as to the demand for certain types of technological innovation, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, future economic conditions generally, as well as other factors. SOURCE: Vari-L Company, Inc.

To: rowrowrow who wrote (67843)	10/25/1999 2:19:00 PM
From: kathyh	Read Replies (1) \| Respond to of 90042

very sad news... payne stewart... have watched him play many times... he was not a texan, but i always thought of him as one because he went to smu... Wayward Lear jet crashes in S. Dakota Golfer Payne Stewart, 4 others feared aboard plane Last Update: 2:05 PM ET Oct 25, 1999 NewsWatch SIOUX FALLS, S.D. (AP) -- A Learjet flew uncontrolled over the nation's heartland for hours Monday before crashing in South Dakota, apparently with five people aboard. There were no survivors. Government officials feared that U.S. Open golf champion Payne Stewart was among the victims and that the plane may have suffered a pressurization failure. The golfer's mother, Bee Stewart, said in Springfield, Mo., she didn't know if her son was on the plane but said he was a part owner of the jet. No one survived the crash, South Dakota Gov. Bill Janklow said. Gene Abdallah, superintendent of the South Dakota Highway Patrol, confirmed that the plane had crashed about two miles west of Mina, S.D., in the north-central part of the state. No one on the ground was hurt, White House spokesman Joe Lockhart said. Today on CBS MarketWatch Bonds drag on U.S. stocks Home sales cool slightly Ma Bell tops targets but has long-distance woes Digital Island buys Sandpiper Excite AtHome grabs Blue Mountain Arts More top stories... CBS MarketWatch Columns Updated: 10/25/99 11:22:36 AM ET There was no confirmation as to the identities of those on the plane, but one official said authorities had information from a flight plan and the jet's registration number that led them to believe Stewart was among those on board. Lockhart said President Clinton was informed of the situation during a meeting with his economic advisers. When reporters pressed him for the identities of those on board, he threatened to cut short his daily briefing. He said that FAA officials had an unofficial roster of those on board, and "until they have confirmed that there won't be any further information." Lockhart said that two FAA officials already had been dispatched to the scene of the crash, as had a National Transportation Safety Board representative. A Federal Aviation Administration spokesman, Tony Molinaro, said the aircraft left Orlando, Fla., this morning bound for Dallas, and the last communication was when the plane was over Gainesville, Fla. Stewart, 42, has been one of the most recognizable players in golf because of his trademark knickers and tam-o'-shanter hat. He has won 18 tournaments around the world, including three major championships. In June, Stewart won his second U.S. Open over Phil Mickelson with a 15-foot putt, the longest putt to ever decide that championship on the final hole. Orlando is his hometown. FAA spokesman Paul Turk said the plane had flown as high as 45,000 feet and the crew did not respond to repeated inquiries from air traffic controllers. He said a pair of Air Force F-16s flew up to check on the plane and saw no apparent activity aboard. The fighters had to break off their pursuit to refuel, Turk said.