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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Beltran who wrote (523)	2/26/1998 3:42:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

Well, an attorney may well have an opinion whether the shortfall is insurable but that doesn't mean the insurance company has the same opinion. <speculation mode on> I think that Pino & Co believe the shortfall is (or has a very good chance of being) insurable and have approached their insurance company on the matter. The insurance company is probably reviewing the policy and circumstances before agreeing (or not) to pay the claim. Once they hear from the insurance company (good or bad), I expect Pino & Co will report to us; should the insurance company deny the claim, Pino and company could choose either to just accept that decision or to pursue the matter in some legal fashion... if that were the case, I'd expect them to take the charge on their books while simultaneously stating how they intend to pursue the matter. But lets just hope the insurance company decides they have to pay the claim. <speculation mode off>