| To: Secret_Agent_Man who wrote (43) | 7/27/2000 8:06:27 PM | | From: CrayUSA | | | | STLW---yea I know. You won't find many in the green in this environment. This is a real strong fiber growth company though. My pain threshold is close for my position trade. However, my long shares are going to stay for a long time unless we get bad news out of the company specifically.
Cray |
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| To: KENNETH DOAN who started this subject | 7/31/2000 9:58:06 PM | | From: Secret_Agent_Man | | | | Monday July 31, 8:33 pm Eastern Time
Company Press Release
SOURCE: Stratos Lightwave, Inc.
Stratos Lightwave Announces Major Expansion
of Manufacturing Space
CHICAGO, July 31 /PRNewswire/ -- Stratos Lightwave, Inc. (Nasdaq: STLW - news), a leading
manufacturer and seller of high-performance optical subsystems and components, today
announced the acquisition of additional manufacturing space adjacent to its Chicago
headquarters. The 60,000 sq. foot building will be used to increase the space dedicated to
manufacturing Stratos' Gigabit-speed optical transceivers and fiber optic products.
``The additional manufacturing space supports the immediate need to fill the record demand for
our optical subsystems and component product lines,'' said Jim McGinley, President and CEO.
``As of the end of our first quarter (July, 2000), our backlog increased 88% to $47 million, from our
ending fourth quarter (April, 2000) backlog of $25 million. We experienced an 82% increase in our
optical subsystems backlog and a 104% increase in our optical components backlog. This
expansion will allow us to add 50% to our Gigabit-speed optical subsystems unit capacity by the
end of October 2000, with a 100% total increase in unit capacity by end of calendar 2000. The
new space will also provide for a 200% increase in our optical component manufacturing and
precision fiber optic termination capacity in our Chicago facility.''
``In addition to continued demand in our existing SC fiber optic interface optical subsystem
business and fiber optic connectivity line, we are now experiencing strong growth from new
product lines. Small Form Factor optical subsystems using the half-size LC fiber optic interface,
high-density backplane fiber optic connectors, and precision optical terminations for
telecommunication OEMs are all strong incremental businesses that have begun to develop over
the last few quarters.''
``Recent developments in the Metropolitan and Wide Area Networking markets and the telecom
application space indicates increased demand for products in this sector. We expect that our
recent product announcements will incrementally benefit from demand in this area. Stratos
recently announced an ATM SONET OC-48 line of optical transceivers, Telecordia (Bellcore)
Standard compliance for our 1x9 SC optical transceivers, and availability of miniaturized OC-3
and OC-12 optical transceivers-all products addressing the MAN, WAN and Telecom markets.
The addition to the Chicago facility, as well as equipment investments in our Florida operation, is
expected to take advantage of this new market demand.
``The expansion to our Chicago campus will support our efforts to meet our aggressive growth
plans. Stratos' advanced product development, industry-leading optical line transmission and EMI
performance, and responsiveness to our customer's time-to-market requirements have earned
our success with the market's leading OEMs. This increased capacity will help us meet existing
customer needs and to proactively market new advanced product offerings, as well as the more
highly engineered optical solutions that play into the technical strengths of our company.''
Stratos Lightwave, Inc. develops, manufactures and sells optical subsystems and components
for high data rate networking, data storage, and telecommunications applications. These optical
subsystems are used in local area networks (LANs), storage area networks (SANs),
metropolitan area networks (MANs), wide area networks (WANs), and central office networking
in the telecommunications market. The company also designs, manufactures, and sells a full line
of optical components and cable assemblies for use in these networks. Stratos Lightwave, Inc. is
a subsidiary of Methode Electronics, Inc. (Nasdaq: METHA - news)
This news release contains predictions, estimates and other forward-looking statements
regarding anticipated capital spending, customer demand and revenue growth. These statements
are subject to risks and uncertainties and actual results may differ materially from any future
performance suggested. These risks and uncertainties include the company's ability to
successfully ramp its manufacturing capacity, which in turn depends on the company's ability to
timely build-out and equip its new manufacturing space and rapidly hire and train additional
employees. Other risks that may affect the company's performance are listed in the company's
S-1 registration statement for its initial public offering on file with the Securities and Exchange
Commission.
SOURCE: Stratos Lightwave, Inc. |
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| To: KENNETH DOAN who started this subject | 8/2/2000 7:43:34 PM | | From: Secret_Agent_Man | | | | Stratos Lightwave (STLW) 36 3/4 + 3/4
Robert W. Baird initiates coverage with a
STRONG BUY rating and price target of $60;
likes company's strong growth opportunities
in several markets including Gigabit Ethernet,
Fibre Channel and optical components; as
well as continuing efforts to expand its broad
product portfolio with specific research
focused on optoelectronics and fiber optic
components. |
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| To: Secret_Agent_Man who wrote (48) | 8/4/2000 10:36:53 PM | | From: Secret_Agent_Man | | | | From METHA's latest 10Q
biz.yahoo.com
FISCAL YEARS ENDED APRIL 30, 1999 AND 1998
Gross margins of the Optical Subsystems and Components segment increased to 30% in fiscal
1999 from 25% in fiscal 1998.
This increase was due primarily to a positive shift in product mix between higher margin optical subsystems and lower margin optical components. The effect of this
shift on margins was partially offset by an increase of $700,000 in personnel costs related to research and development and $200,000 in project related material and overhead costs.
Optical Subsystems and Components segment net sales increased 76% to $59,248,000 in fiscal 1999 from $33,683,000 in fiscal 1998. Of this $25,565,000 increase, $23,200,000 is from an increase in net sales of optical subsystems and $2,365,000 is from an increase in net sales of optical components.
The increase in net sales of optical subsystems was primarily due to an increase in sales of Stratos' embedded transceivers.
--------------------------------------------------
FISCAL YEARS ENDED APRIL 30, 2000 AND 1999
Net sales of the Optical Subsystems and Components segment represented 20% of consolidated
net sales in fiscal 2000 and 15% of consolidated net sales in fiscal 1999. Optical Subsystems and Components segment net sales increased 43% to $84,847,000 in fiscal 2000 from $59,248,000 in fiscal 1999. Of this $25,599,000 increase, $19,218,000 is from an increase in net sales of optical
subsystems and $6,381,000 is from an increase in net sales of optical components. The increase in net sales of optical subsystems was primarily due to an increase in sales of Stratos' line of internal removable transceivers.
______________________________________________________________________________________________________________________
Break-
EXPLAINATION
Gross margins of the Optical Subsystems and Components segment decreased to 25% in fiscal 2000 from 30% in fiscal 1999.
EXPLANATION is below------------
Fiscal 2000 cost of sales includes an increase of approximately $1,800,000 in material and overhead costs related to major product development projects and
approximately $1,700,000 of additional personnel costs dedicated to research and development.
Fiscal 2000 also included start-up and unusual expenses related to Stratos' recently acquired Stratos Micro Systems and Bandwidth Semiconductor subsidiaries.
The Optical Subsystems and Components segment also experienced declines in the average unit prices for its products.
WHOA, If I can sell in VOLUME then my price may be lowered
or there may be some priceing pressures to stay competitive....so.......INTC does this with AMD all the TIME......
As described in Note 2 to the consolidated financial statements, substantially all of the Optical
Subsystems and Components segment was transferred to the Company's newly formed subsidiary, Stratos Lightwave, Inc. (Stratos), effective May 28, 2000. On June 27, 2000, Stratos issued shares of common stock in an initial public offering. The Company owns 84.3% of Stratos'
common stock outstanding.
It is the Company's intention to distribute, at a later date, all of the shares of Stratos common stock it owns to its stockholders contingent upon receiving a ruling from
the Internal Revenue Service that such a distribution would be tax-free to the Company and its stockholders.
Wait til september to see the actual #'s and Margins even though we had our PRE-Announcement
`As of
the end of our first quarter (July, 2000), our backlog increased 88% to $47 million, from our ending
fourth quarter (April, 2000) backlog of $25 million. We experienced an 82% increase in our optical
subsystems backlog and a 104% increase in our optical components backlog. This expansion will
allow us to add 50% to our Gigabit-speed optical subsystems unit capacity by the end of October
2000, with a 100% total increase in unit capacity by end of calendar 2000. The new space will also
provide for a 200% increase in our optical component manufacturing and precision fiber optic
termination capacity in our Chicago facility.''
biz.yahoo.com |
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| To: Secret_Agent_Man who wrote (49) | 8/5/2000 9:56:48 AM | | From: psh | | | | Crusader,
Do you think that the price of STLW is held back by METHA ownership? I have tried to rationalize through this and can't come to a good explanation. Some have suggested that people are buying metha and shorting STLW in anticipation of the distribution, what is the rationale here. For the value of their long position(META) to go up, STLW must go up right? Also the valuation of STLW is calculated based on all shares, so it is still cheap compared to the other FO companies. THanks |
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| To: psh who wrote (50) | 8/5/2000 2:43:08 PM | | From: Secret_Agent_Man | | | | What you speak of is a perception I do not share however, some would make a case for the same. Indeed STLW, relative speaking is undervalued in my opinion but, the street and arbitraguers may have other thoughts...then again perhaps it's the option positions and the upcoming expiry that may hold some clues?
BWDIK
cheers |
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| To: psh who wrote (50) | 8/6/2000 1:44:10 AM | | From: mystifier4 | | | | I have watched nearly every tic of STLW since purchasing it for my clients and I back on July 19th:
clearstation.com
It has traced the NASD's movement almost exactly every day since. I have held all my shares and have added a few times as price dipped under $34 recently. As soon as the nasd reverses STLW will be among the first to shine.
Myst
stockwerld.com |
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| To: KENNETH DOAN who started this subject | 8/11/2000 4:33:25 PM | | From: Secret_Agent_Man | | | | THE CHARGE OF THE LIGHT BRIGADE
HALF A LEAGUE, half a league,
Half a league onward,
All in the valley of Death
Rode the six hundred.
"Forward, the Light Brigade!
Charge for the guns," he said:
Into the valley of Death
Rode the six hundred.
"Forward, the Light Brigade!"
Was there a man dismay'd?
Not tho' the soldier knew
Someone had blunder'd:
Theirs not to make reply,
Theirs not to reason why,
Theirs but to do and die:
Into the valley of Death
Rode the six hundred.
Cannon to right of them,
Cannon to left of them,
Cannon in front of them
Volley'd and thunder'd;
Storm'd at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of ####
Rode the six hundred.
Flash'd all their sabers bare,
Flash'd as they turn'd in air
Sabring the gunners there,
Charging an army, while
All the world wonder'd:
Plung'd in the battery-smoke
Right thro' the line they broke;
Cossack and Russian
Reel'd from the saber-stroke
Shatter'd and sunder'd.
Then they rode back, but not,
Not the six hundred.
Cannon to right of them,
Cannon to left of them,
Cannon behind them
Volley'd and thunder'd;
Storm'd at with shot and shell,
While horse and hero fell,
They that had fought so well
Came thro' the jaws of Death,
Back from the mouth of ####,
All that was left of them,
Left of six hundred.
When can their glory fade?
O the wild charge they made!
All the world wonder'd.
Honor the charge they made!
Honor the Light Brigade,
Noble six hundred!
ALFRED TENNYSON |
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