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

To: John F. Dowd who wrote (1213)	6/2/1998 10:32:00 AM
From: John F. Dowd	Read Replies (2) \| Respond to of 1998

To All: Nice piece of news detailed below. Given this disgusting market the stock is holding up very well. I hear the secondary might be priced tomorrow but unless this market does a little better I can't see that happening either. Does anyone have any word from their respective brokers how "tight" the deal is i.e. is their a good expression of interest in the deal? Good Luck to All if the below article is true it looks like a layup. xDSL Chip Sales To Hit $700 Million (02/06/98; 11:34 a.m. ET) By SBN Staff, Semiconductor Business News The worldwide market for the xDSL chip set is expected to increase with triple-digit growth rates in the next couple of years, reaching 22 million units and almost $700 million in revenues, according to In-Stat Thursday. The Scottsdale, Ariz., market research company said both symmetrical and asymmetrical DSL chip sets will show strong growth through 2002, but ADSL, ADSL-Lite, and VDSL formats are most likely to generate the bulk of the revenues for semiconductor companies participating in the fast-emerging business. "The ability to utilize existing copper wire to deliver high-speed access many times the rates available from analog modems makes DSL technology an immediate win for service providers, equipment and silicon manufacturers, and especially end users," said Shannon Pleasant, analyst for In-Stat's Communications Semiconductor End-Use Service. "The push for standardized ADSL-Lite and the competitive pressures exerted on RBOCs from cable companies will speed ADSL-Lite deployment in particular, whi