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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: JMD who wrote (3558)	5/5/1999 1:21:00 PM
From: MikeM54321	Respond to of 12823

Re: ANTC / AT&T Follow-up Mike Doyle, As a follow-up to my previous post check out the following excerpts from ANTC's press release. There are some important details in it: The previously announced purchase agreement and initial order for Cornersone products with AT&T, and the follow on letter of intent for headend equipment is firming up very favorably for the Company," said Stanzione. "We now anticipate that in the near term AT&T will shift its Cornerstone product focus, sharply increasing its purchases of headend Host Digital Terminals(R) (HDT) for the 10 TCI major markets while spreading out current purchases of voice ports as distribution plant is being upgraded and readied. We have already received firm orders from AT&T for over 200 HDTs. This is very good news for the Company as it indicates an expansion of the all important Cornerstone HDT footprint and bodes well for Voice Port deployment in early 2000. Aggregate AT&T sales of Cornerstone product should meet or exceed the approximately $100 million level referred to in previous announcements." This kind of spells out what is happening. You see AT&T is buying equipment for TCI upgrades. Well TCI is recommending that T go to ANTC because TCI has a strong relationship with ANTC. Hence T's spending means good things to ANTC. I'm fairly certain, not to many people understand all the relationships that have just been covered. It's not easy to follow. So the market is probably not ready to believe the ANTC orders are for real. ANTC really disappointed years and years ago when all the cable players started running out of money. But since the incredible growth of the Internet, the MSO's cable plant has taken on tremendous(!) new value and there is now plenty of money that is being spent once again. Hope this all helps, MikeM(From Florida)