Replies to post #433428 on Zeev's Turnips Patch-No Politics (ZEEV)

[alohamart]

RBC analyst note after market on ORCT:

-Orckit is down sharply today on rumors that KDDI in Japan (ORCT sole current customer) will be scaling back orders.
- Based on KDDI's statements on its semi-annual results is seems triple play deployments that use Orckit's platform are on-track despite slower than expected subscriber adds due to co-location issues.
- I talked to management several times today and they reiterated the party line that there is no change to business fundamentals.
-Stock is obviously under suspect here yet our checks to date indicate business is on track and we expect solid 3Q05 and outlook is good with ongoing deployments at KDDI and expanding pipeline.


I called IR to confirm that "no material development has caused the stock price drop" and they're "still on track to report earnings on Monday." Looks like a great buying opportunity...