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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: jas singh MD who wrote (1320)	3/9/1998 9:22:00 PM
From: 24601	Read Replies (2) \| Respond to of 11417

Dear Jas: Good to see your post. I recall the statement at WallStreetForum to the effect that IBM has contractually committed to ship a specified number of systems with the WaveMeter inside. I also recall the statement in the conference call of December 18 to the effect that IBM's commitment is not legally enforceable. I reconcile these seemingly inconsistent propositions by giving harmonious meaning to each. I conclude that IBM has agreed in writing to apply its best efforts to achieve specific numbers. Best wishes. John.