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Technology Stocks : Echelon Corporation (ELON) -- Ignore unavailable to you. Want to Upgrade?

To: Ted The Technician who wrote (2976)	6/7/2002 11:20:29 PM
From: Ted The Technician	Read Replies (2) \| Respond to of 3076

"No bad news" at today's conference call? The company reiterated its prior guidance. The only warning given during the call was a possible deferral of a $2M shipment that is contingent on a customer's letter of credit and payment of certain accts receivables. No new major customers are expected to sign in the immediate future. It is estimated that ENEL revenues should start to decline in FY2003, and a new major customer would be needed to sign up soon to allow for the typical 2-year ramp-up in time for ELON to replace the ramp-down in ENEL revenues.