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Technology Stocks : ORTEL -- Ignore unavailable to you. Want to Upgrade?

To: James Fulop who wrote (524)11/11/1999 3:38:00 PM
From: pat mudge  Read Replies (3) | Respond to of 659
 
Paul --

Could there be several Sumitomo's? I distinctly remember the part about Sumitomo Concrete as it seemed so strange.

Let meknow what you find.

Pat



To: James Fulop who wrote (524)11/12/1999 10:49:00 AM
From: quidditch  Read Replies (2) | Respond to of 659
 
James, Pat,
the reference to "affiliate" or affiliated company most likely is a reference to its 18% (or whatever it is) position, so ORTL can not be consolidated, but will be treated on the equity method. I think there is no implication whatever that ORTL is in the same business as Sumitomo, or "handles" business for SMTO.

Of course, I do not have the benefit of having read the text that you are referring to.

Steve


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