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To: lin huan chen who wrote (2806)1/23/1998 4:04:00 PM
From: Sleeperz  Respond to of 18016
 
>>>details of a strategic announcement."<<<

Probably some strategic alliance involving the new G.Lite ADSL.
AWRE, NTL, ROK, MSFT, CPQ, INTC, Lucent, etc have all said they are going with this standard this week.

That explains the sharp turnaround just after 3pm EST.
Any other networkers doing the same move?

cl



To: lin huan chen who wrote (2806)1/23/1998 4:07:00 PM
From: nick cash  Read Replies (4) | Respond to of 18016
 
wow, is this a mess up. stock down at 27 3/8 and they make this press release. stock jumps over 2 points and then is halted. this is NOT a financial or strategic "business" related announcement. this is not even an analyst conference-it's a media event. i read this to mean that it is a media/pr thing related to the land development in kanata. repeat....this is not what the market thinks it is.

all imo "though i know i am right on this" only....nick