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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: LKO who wrote (2237)	10/27/1999 2:15:00 PM
From: Kenneth E. De Paul	Read Replies (2) \| Respond to of 5853

Thanks a lot. I thought GG would move that way and was wondering what I was missing.

To: LKO who wrote (2237)	10/27/1999 9:26:00 PM
From: DavidD	Respond to of 5853

ECIL is growing revenues at 44% year over year and is trading at a 10 P/E. They just announced earnings tonight - look it up. Here are some comments: "During the third quarter, we continued to see strong demand for our unique, industry-leading solutions which address the explosive demand for bandwidth. Within our infrastructure segment, the expected modest decline in digital circuit multiplication equipment (DCME) was more than offset by strong growth in all other product lines. During the quarter, we finalized the DTX-600 commercial release and received initial orders. We made excellent progress in the development of our SDH offerings. We increased the capacity of our SDH dense wave division multiplexing (DWDM) products. After the close of the quarter, we announced a $165 million order from NTL, Britain's biggest cable provider, for our integrated SDH and DWDM solutions. Our digital cross connects had a very strong quarter with record sales and order intake in the US. We also saw strong renewed demand from Korea. "Earlier this week our subsidiary, ECtel, which provides solutions for fraud detection, quality monitoring of networks and interconnect billing, completed an initial public offering. It raised approximately $42 million, resulting in a market value of $190 million. After the offering, ECI holds about 78% of the company, and recognized a gain of approximately $26 million upon completion of the IPO. "Sales of traditional pair gain products, as well as broadband access solutions, continued to grow as we announced major contracts which reinforce ECI's position as the sole or leading vendor to some of Europe's largest telcos. Our HI-FOCuS (xDSL) platform has been recognized as one of the best ADSL solutions in the market and we were very pleased to receive a follow on order from Deutsche Telekom for an additional tens of thousands of lines. We are currently competing in a number of other bids, world-wide. We are also pleased with the demand we are experiencing for our microSDM-1, our SDH access solution, which is enjoying wide acceptance. During the quarter, we launched our Broadgate family of products. Broadgate is a very cost effective way to extend broadband services from optical fiber through the last mile of copper wire.