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Technology Stocks : BroadBand Technology(BBTK) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Kaltner who wrote (1554)1/23/1998 11:09:00 AM
From: Todd Johnson  Read Replies (1) | Respond to of 1797
 
>That's not what your qrt statement from NOV 97 said
>
> A reserve of $5 million or $.38 per share was accrued for >BroadBand's share of performance fees
> relating to product delays for the joint Lucent >Technologies/BroadBand Technologies Switched
> Digital BroadBand Access System (SDBAS) product. In 1997 >BroadBand has reserved its
> maximum liability under the agreement with Lucent and payment >of such fees, which are limited
> to $1 million per year, should occur over the life of the >agreement.

IMO, the performance fees were due to missed delivery dates of specific functionality and are not related to technical issues between Lucent and BBT.



To: Craig Kaltner who wrote (1554)1/23/1998 8:11:00 PM
From: rtp97  Read Replies (1) | Respond to of 1797
 
Todd Johnson's profile says he is a software engineer. He is not a company spokesperson, an investment relations specialist or in the contracts department. He is not the right person to comment on this, and probably shouldn't due to SEC and company regulations.


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