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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (105395)	7/3/2000 9:15:38 AM
From: quote 007	Read Replies (1) \| Respond to of 120523

jeff think it is the spinoff of tioga technologies (tiga) sbg

To: Jeff Jordan who wrote (105395)	7/3/2000 9:23:56 AM
From: Bob Biersack	Read Replies (1) \| Respond to of 120523

Jeff see spin-off above on ORCT.... Orckit's shares, traded under the symbol ORCT, will begin to trade on an ``ex-dividend'' basis on July 3, 2000. It is expected that beginning June 26, Orckit shares will trade with ``due bills'' attached. These will entitle a purchaser of Orckit shares to receive one Tioga share for each Orckit share so purchased, and a seller of Orckit shares will cease to be so entitled. Through June 30, Orckit shares will not be tradable unless due bills are attached. If the spin-off is not consummated, all due bills will become null and void. As previously announced, the record date for the stock dividend on a share-for-share basis of all outstanding shares of Tioga is June 28, 2000 and the payment date for the stock dividend is June 30, 2000