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Technology Stocks : Conductus (NASDAQ: CDTS) superconductors -- Ignore unavailable to you. Want to Upgrade?

To: michael256 who wrote (243)	3/1/2000 1:13:00 PM
From: Mike Delaney	Read Replies (1) \| Respond to of 352

Conductus Says Nortel Will Recommend Its Superconductor System Sunnyvale, California, March 1 (Bloomberg) -- Conductus Inc. said Nortel Networks Corp., North America's No. 2 phone-equipment maker, will recommend its superconductor filtering systems to companies that are upgrading their cellular networks. Nortel verified that the system, which reduces interference on wireless networks, meets its technical requirements, Conductus Chief Executive Charles Shalvoy said. Nortel customers can use the Conductus equipment without voiding their warranties. ``It's a really important endorsement,' Shalavoy said by phone from the Cellular Telecommunications Industry Association convention in New Orleans. A spokesman for Brampton, Ontario-based Nortel said it is against company policy to discuss suppliers. Conductus's main competitor, Superconductor Technologies Inc. of Santa Barbara, California, said this week that it didn't have independent verification of its technological claims. The shares of Sunnyvale, California-based Conductus have climbed more than four-fold this year, along with other superconductor stocks, amid investor expectations that the technology will attract interest from wireless providers and electric companies. Conductus shares fell 10 1/2 to 56 1/2 in midday trading. Superconductor Technologies fell 17 1/8 to 71 1/2. Superconductor technology allows electricity to flow through very cool materials with no resistance. That eliminates interference and frees up energy needed to expand range and keep connections from being broken. Mar/01/2000 12:33