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Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?

To: savolainen who wrote (802)	11/18/1997 9:39:00 PM
From: Brent D. Beal	Read Replies (3) \| Respond to of 1998

New to this thread. My main concern, after having spent all of about 15 minutes looking into this stock is the high valuation. I notice that earnings would have to grow at a 100% clip quarter over quarter for the next year or so before this stock would have a forward p/e of 40--seems pretty rich at these levels, given the uncertainty involved in marketing this type of product--unless the phone companies, as I read it, unite behind some kind of standard and then dump large sums of cash into infrastructure to support the technology, then I don't see a real big market for this stuff. Someone who knows something about this company, please correct me if I'm wrong, I'm just thinking outloud. I appreciate if someone who is long on this stock would try and justify the price at least. . .

To: savolainen who wrote (802)	11/20/1997 1:33:00 PM
From: Geof Hollingsworth	Read Replies (2) \| Respond to of 1998

Hi s, >>Orctf and Siemens would fit the German theme for vdsl.... <g><< I'm confused by your grin-I thought Siemens/Orckit for VDSL was a done deal some time ago. Has it come apart? On the broader Rockwell relationship, you are right that they have been working together for years (ever since the PairGain/Brooktree relationship fell apart). It also further reduces the importance of the Stanford/Amati DMT patents. It wouldn't surprise me if they are also working with Rockwell on chips to implement the new ADSL interoperability standard, in which case they may be able to do a cross-license, trading licenses for some of the substantial patents which Rockwell & Brooktree have in this area which TI might arguably need for whatever DMT licenses Rockwell/Orckit might arguably need, on a mutually royalty-free basis (like the Alcatel cross-licenses).