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Technology Stocks : Advanced Radio Telecom (ARTT) -- Ignore unavailable to you. Want to Upgrade?

To: silicon warrior who wrote (557)	3/31/1999 3:34:00 PM
From: SteveG	Respond to of 1176

<..The release told those who did not know that the reason the date slipped was not that there were no takers, but that there were many takers...> Exactly like I said - nothing new, other than that they were NOT going to meet their recent guidance timeline. <...who's to say you lied??..> You seem to be missing the point - that's the reason protective language is used - to free yourself of legal liability, in exchange for street trust in your couched "guidance". I'm not saying he outright lied or that he is legally liable. I'm saying he SHOULD have allowed (when offered this possibility) that the announcement MIGHT in fact come in the second Q. I'm saying as CEO, he had several opportunities to give safer guidance that would have preserved the value of his word (for FUTURE guidance credibilty). As CEO, he should NOT have been (at best) this naive, or at worst, this cavalier of a "juggler". I KNOW what the company has said, and I BELIEVE there are several deals possible. But on the street, your word means a lot. And in the tricky world of safe harbor guidance, this IS an issue. This was altogether unnecessary (other than playing negotiation games by playing loose with guidance), and not without it's costs.