| To: jkc who wrote (1189) | 8/29/2000 11:04:32 AM | | From: jkc | | | | Lightchip Wins $25M ANTEC Contract ANTEC Selects Lightchip's Versalight(R) DWDM System
From ANTC (Thanks, Rang)
biz.yahoo.com
Tuesday August 29, 10:15 am Eastern Time
Press Release
SOURCE: Lightchip, Inc.
Lightchip Wins $25M ANTEC Contract ANTEC Selects Lightchip's Versalight(R) DWDM System
SALEM, N.H., Aug. 29 /PRNewswire/ -- Lightchip, Inc., an optical networking equipment manufacturer, announced today the signing of an initial $25M contract with ANTEC Corporation. Under the contract, Lightchip will provide two-way, multi-wavelength optical routing equipment to support ANTEC's recently announced TransPlex® product line.
(Photo: newscom.com )
``We are very excited about having the opportunity to work with ANTEC to meet the future needs of an exploding optical telecommunications market,'' said Bill Peck, CEO, Lightchip. ``The combination of Lightchip's Versalight® product line and ANTEC's TransPlex® system provides a cost-effective DWDM architecture that enables the deployment of a highly flexible multi-functional telecommunications network.''
``Lightchip provides us with a revolutionary DWDM infrastructure for optical routing and management that creates the optical foundation for ANTEC's TransPlex® system,'' said Bob Stanzione, President & CEO, ANTEC Network Technologies. ``The Versalight® product family, combined with our leading- edge 1550nm optical transmission systems, allows ANTEC to provide new HFC optical network solutions for 2-way broadband communications, including video, data, and telephony. By incorporating Lightchip's comprehensive optical management capability, the TransPlex® system adds a high level of intelligence to the network by non-intrusively monitoring the status of each channel. This unique solution provides continuous predictive failure capability and offers our customers a superior level of network management and reliability.''
Salem, New Hampshire-based Lightchip (www.lightchip.com) is a developer of low-cost, high-optical-efficiency DWDM routing and monitoring systems.
ANTEC Corp. (Nasdaq: ANTC - news; www.antec.com) is an international communications technology company serving the broadband information transport industries. ANTEC specializes in the manufacturing and distribution of products for hybrid fiber/coax broadband networks, as well as the design and engineering of these networks. Headquartered in Duluth, Georgia, ANTEC has sales offices in Europe, Asia/Pacific and Latin America; a major divisional office in Denver, Colorado; and manufacturing facilities in Juarez, Mexico, El Paso, Texas and Rock Falls, Illinois.
For further information contact
Priscilla Johnson at 603-894-7165 or info@lightchip.com.
Web address: www.lightchip.com
address: 5 Industrial Way, Salem, NH 03079.
SOURCE: Lightchip, Inc. |
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| To: jkc who wrote (1190) | 8/29/2000 11:07:42 AM | | From: jkc | | | | LightPath Technologies, Inc. Invests In LightChip, Inc.'s Third Equity Offering
biz.yahoo.com
Tuesday August 29, 8:02 am Eastern Time
Press Release
SOURCE: LightPath Technologies, Inc.
LightPath Technologies, Inc. Invests In LightChip, Inc.'s Third Equity Offering
ALBUQUERQUE, N.M., Aug. 29 /PRNewswire/ -- LightPath Technologies, Inc. (Nasdaq: LPTH - news), manufacturer of families of high performance fiber-optic collimator and isolator products, has invested $7.0 million as part of the $60 million third equity round announced by LightChip, Inc. on August 28, 2000.
In addition to LightPath, LightChip, Inc., a Salem New Hampshire optical networking company, sold shares to Berkeley International Capital Corporation, Morgenthaler Ventures, AT&T Ventures and J.P. Morgan Capital. This equity round was priced at a multiple of the first two equity rounds, which occurred in 1998 and 1999, whereby LightPath invested a total of $2.2 million. LightPath maintains an equity ownership position of 16.6% of the outstanding voting stock, which adjust to 13.3% given full consideration to all potential dilutive shares.
LightPath manufacturers its proprietary collimator assemblies, GRADIUM® glass products and other optical telecommunications products at its headquarters in Albuquerque. The Company's subsidiary, Horizon Photonics, manufacturers isolator products utilizing its proprietary automation technology in Walnut, California. LightPath also has an office in Warren, New Jersey for the purpose of developing various optical switch products. The Company has 22 patents, plus 4 more pending, associated with its optical technologies. In addition, various foreign countries have issued a total of 8 patents with 9 patents pending. The Company also announced earlier this month that it had entered into a definitive agreement to acquire privately held Geltech, Inc., a leading manufacturer of precision molded aspherical optics and all-glass diffraction gratings. LightPath common stock trades on the Nasdaq National Market under the stock symbol LPTH.
This news release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission.
SOURCE: LightPath Technologies, Inc. |
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| To: robert packman who wrote (1192) | 8/29/2000 6:03:30 PM | | From: jkc | | | | I don't know about that, Bob. LPTH a CNBC pick today...nice!
Re: What was said on CNBC?
by: dpm1946 8/29/00 5:54 pm
Msg: 32307 of 32307
LPTH was one of the stock picker's selection. He said LPTH was working with Corning, LU, etc.
We're at 53 3/16 afterhours.
Long LPTH
Re: CNBC / LPTH
by: diy_investor (52/M/Charlotte, NC) 8/29/00 5:52 pm
Msg: 32304 of 32306
The recommendation came from Brian Clifford who manages the SunAmerica Growth Opportunity Fund. |
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| To: jkc who wrote (1193) | 8/29/2000 7:12:38 PM | | From: robert packman | | | | full transcript (not mine,taken fron someone on yahoo)...... LP=top pick!!!
CNBC's show, "Taking Stock," at about 5:45 P.M., today.
Maria Bartaromo - "Joining us today, is Brian Clifford, portfolio manager of the Sun America Growth Opportunity Fund, with Sun America Asset Management. Among the stocks, Brian likes today [graphic shows on screen, LPTH is at the top of these 3 - Lightpath Technologies (LPTH), Serono (SRA), Marine Drilling (MRL)] Lightpath Technologies [Maria said it, with a coy, knowing inflection, it seemed to me]. Take a look at Brian's top picks, from the last time he was here [another graphic] CRGN, MRL & PKI. [Maria discussed them, very briefly, without any word from Brian Clifford, as of yet].
Then Maria said, "Very nice performance there, Brian."
Brian Clifford - "Well, thank you, Maria."
Maria - "You mentioned, Light, uh, Path, before we went to the, uh, break. What do you like about this stock?"
[a graphic of Lightpath Technologies chart performance shows on the screen, with Brian Clifford's image, just to the right, as he speaks about Lightpath, in real time.]
Brian Clifford - "Lightpath, we uh, we think we're early on this one. This is a component supplier to the fiberoptic industry. We've heard a lot about it, how tight these guys are in capacity. Lightpath is delivering solutions to help them out. Some marquee customers include Corning, Lucent, uh, etcetera, uh, and we think, you know, Lightpath is under-owned, under-followed, and we think we're rolling. It's going to be a great stock to own.
Maria - "Let's take some caller's. Judy, you're on the air, with Brian Clifford. What is your question, please." |
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| To: jkc who wrote (1196) | 9/26/2000 10:28:52 AM | | From: jkc | | | | ABQ Tribune article on lp. Nice. (from Yahoo board)
abqtrib.com
LightPath reflects optic-market success
By Sue Vorenberg
Tribune reporter
Don't be surprised if LightPath Technologies Inc. makes the leap to the Trib 8 next year.
The company is bursting at the seams, capitalizing on its solid niche in the booming telecommunications market. From 25 employees last year, it's exploded to more than 150. And the stock price has run up until its market capitalization has reached $1 billion.
"I think this will be the year that we go in the black," said Boyd Hunter, director of technical consulting and business development. "That's my personal bet. A year ago, to say that would happen in fiscal 2000 would have evoked questions about what illicit drugs I'd been taking. This year that won't happen. There's all sorts of wonderful stuff going on, and I'm more encouraged than ever about the possibilities."
The 15-year-old company has always focused on its niche market of Gradium glass products, which reflect light in a unique way. LightPath stepped into the telecommunications market about two years ago, a decision that put LightPath on the map.
The market was watching. From a low of $3.12 in October 1999, the company's stock price rocketed to $69.50 in March. Most recently it's leveled off around $45.
"The truth is, that jump came not only for LightPath but for the entire telecom sector," Hunter said. "It wasn't a case of LightPath being discovered. This is happening because of the tremendous need to move data on the Internet."
LightPath's main telecommunications products are collimators, light-bending lenses that allow light to be rerouted through fiber-optic cables. In addition, the company is beta testing a new fiber-optic switch it hopes to start producing early next year. The new switch is used in test equipment and protective devices for fiber-optic networks, and so far it has generated much interest at trade-show demonstrations this year.
"There's actually a great deal of demand for our new switches," Hunter said. "Initially I wondered about that, but people are building all sorts of devices to build out their networks, and we've had strong interest from people wanting hundreds and thousands of these at a time. Even when I tell people they can't have them for nine months, they're still lining up. In this business, people are begging for anything they can get their hands on because that basically determines the capacity they can provide."
In fact, Hunter said, the company is expecting to sell as much product as it can produce in the next year. In June, LightPath leased an additional 17,000-square-foot facility and built a 5,000-square-foot clean room. It's added employees and equipment as quickly as possible.
"I personally wouldn't be surprised if we had the same kind of growth next year," Hunter said. "Our hiring may only be slowed by our ability to bring new facilities and space online."
LightPath is in the process of acquiring Geltech Inc., a Florida company that makes optical components for the telecom industry, for 823,000 shares of LightPath stock.
"Yes, we get to print our own money," Hunter joked. "We're acquiring Geltech for about $27 million in our stock."
The acquisition will add about 100 employees.
In April, the company also acquired California-based Horizon Photonics Inc. for $36.2 million in stock and cash. LightPath also has about a 15 percent equity stake in New Hampshire-based LightChip Inc., an optical networking company.
LightPath has started to attract national attention, said Gene Grant, vice president of economic development for the Greater Albuquerque Chamber of Commerce.
"These guys are the deal," Grant said. "They're expanding. They're one of those up and comers here in Albuquerque that I think are typical of new economy companies that are going to do great things. I recently had a guy from Florida call and ask me about them. It was great to talk to him and boast about this company. I'm bullish about LightPath. The market space is just incredible. It's a hot, hot category, and I think that really bodes well for the talent we have here."
--------------------------------------------------------------------------------
Albuquerque Tribune Online: Business Albuquerque Tribune Online: Business |
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| To: jkc who wrote (1197) | 10/12/2000 3:09:47 PM | | From: jkc | | | | Fantastic NEWS!! LP one of 18 companies invited to GILDER conference. Rang1995's post on yahoo -- many thanks, Rang!
messages.yahoo.com
Re: GILDER(not me, LPTH gets credit)
by: rang1995 10/12/00 2:40 pm
Msg: 36081 of 36085
Folks, This is not BS or a pump and dump.. …Awhile ago I got an invite for a Gilder conference..part of it reads… “So I am writing to you today to invite you to join George and the team in the first Gilder Technology Research Conference which we are hosting November 15-17, 2000
in lovely, historic Charleston, South Carolina. You will join George, myself and the analysts as they review some 18 paradigmatic companies from within and around the Telecosm. We will all be able to listen to formal pitches on stage -- in a forum that will remind you a lot of your college
days -- participate in live tutorials in which the companies respond to all of our -- and your -- questions.”-----WELL FOLKS,GUESS WHO IS COMING TO DINNER?? YES As one of the 18 paradigmatic companies!!LIGHTPATH TECHNOLOGIES..Mr Bob Cullen of Lightpath(horizon) will be on stage presenting along with Paul Engle president and coo of Avanex Under the Heading “NICHE MANUFACTURING MATURES” Hot startups and smaller companies blazing the automation trail!!!(from the program for conf)
This presentation by LPTH, in front of George Gilder,analyts and subscribers will be at 2:50 PM thurs NOV 16th..As William Shattner says “This could be Big, real big" no comments on PCLN please!! |
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