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Technology Stocks : p-com (pcms) -- Ignore unavailable to you. Want to Upgrade?

To: CharlieFox who wrote (748)	8/4/1998 7:48:00 AM
From: CharlieFox	Read Replies (1) \| Respond to of 1461

...and the Papua-New-Guinea tsunami could be the event that brings them down. The company has still not responded to my query as to whether their $20 million investment in the country has become a total writeoff. To refresh everybody's memory: CAMPBELL, CA, USA (October 16, 1997) -- P-Com, Inc. (NASDAQ National Market: PCMS), announced today that its Italian subsidiary has received an order valued at $20 million for the construction of a complete broadcast network for a group of private companies located in Papua-New Guinea. Through its Italian subsidiary, Technosystem, S.p.A., P-Com will provide traditional TV broadcasting equipment, studio equipment, and terrestrial equipment. In addition, the network will include a Point-to-MultiPoint based "Pay TV" system as part of its structure. It is anticipated that deliveries associated with the contract will ship over the next 12 months.