| To: KENNETH DOAN who started this subject | 11/18/2000 6:07:53 AM | | From: James E Lynch | | | | (COMTEX) B: Stratos Lightwave Introduces New Connector for Their Fami
B: Stratos Lightwave Introduces New Connector for Their Family of Gigabit
Interface Converter (GBIC) Products
PALM BAY, Fla., Nov 17, 2000 /PRNewswire via COMTEX/ -- Stratos Lightwave
Inc.
is introducing a new right-angle connector for their family of Gigabit Interface
Converters (GBICs). This GBIC connector is designed for high-speed networking
applications such as Fibre Channel and Gigabit Ethernet, and telecom
applications including metropolitan area networks (MANs), wide area networks
(WANs), and central office networking.
Stratos GBIC connectors are available with a choice of 0.062" or 0.093" printed
circuit board tail lengths, and feature a unique blind-mating alignment system
that provides automatic sequencing of application or removal of ground, power,
and signal connections. This ensures reliable hot-swap operation.
These connectors feature selective gold-plated contacts, and include an integral
metal hold-down strap for protection against electrostatic discharge (ESD). They
are manufactured of flat precision-formed contacts for highly reliable
operation. The insulating material is a high-temperature rated, glass-filled,
engineering thermoplastic.
Stratos connectors are manufactured under a Quality Management System Certified
to ISO 9002. The production facility is fully automated, for short lead times
with no sacrifice in product quality. These GBIC connectors are 100%
electrically tested for continuity and proper mating sequencing. They are in
full adherence with GBIC specifications and are UL Recognized and CSA Certified.
Stratos GBIC connectors, along with Stratos GBIC rails and Stratos GBIC optical
communication transceivers, form a complete communication solution for OEMs
designing high-speed datacom and telecom systems, who seek proven reliability,
compatibility, and interoperability. Stratos ensures this level of performance
through their integrated design and manufacturing process, which ranges from the
in-house design and manufacture of basic components such as fiber optic
receiving barrels, and continues all the way through in-house testing and
certification of completed assemblies and systems.
Stratos GBIC connectors are available with pricing of approximately $2.75 each
in quantities of 10,000.
For additional technical specifications, application assistance, samples of
Stratos GBIC connectors, or information on any Stratos optical communication
products, contact Stratos Lightwave Inc., Sales Department, 1450 Treeland Blvd.,
Palm Bay, FL 32909. Phone: 1-321-308-4100. Fax: 1-321-308-0434, E-mail:
info@stratoslightwave.com URL: www.stratoslightwave.com
Stratos Lightwave LLC is a market leader in high data rate optical subsystems,
offering superior optical transmission line performance with industry leading
EMI characteristics. Stratos was one of the first to offer 1Gbps 1x9 VCSEL
transceivers, 2xFibre Channel SFF transceivers, Small Form Factor Pluggable
transceivers, and Telecordia (Bellcore)-compliant 1x9 gigabit-speed
transceivers. Stratos Lightwave LLC is a subsidiary of Stratos Lightwave, Inc.
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). Stratos
Lightwave was recently named to Deloitte & Touche's prestigious "Fast 50"
Program for Greater Chicagoland. This is a ranking of the 50 fastest growing
technology companies in the area, based on five-year revenue growth from fiscal
year 1995 through fiscal year 2000.
SOURCE Stratos Lightwave Inc.
CONTACT: Robert Scharf of Stratos Lightwave Inc., 321-308-4100 x4101;
or PR contact, Wanda Arakaki of Technically Speaking, 847-480
7787, for
Stratos Lightwave Inc. Please do not publish the PR contact n
mber.
URL: stratoslightwave.com
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: Florida
INDUSTRY KEYWORD: TLS
CPR
SUBJECT CODE: PDT
*** end of story ***
(PR NEWSWIRE) Independent Tests Confirm Compatibility of Stratos Lightwave QU
Independent Tests Confirm Compatibility of Stratos Lightwave QUANTUM QX(TM)
Fiber Optic Backplane Connectivity System With Industry Standard AMP LIGHTRAY
MPX System
CHICAGO, Nov. 17 /PRNewswire/ -- Stratos Lightwave LLC announces that its
QUANTUM QX fiber optic backplane connectivity system is fully compatible with
AMP LIGHTRAY MPX connectors. Test reports by internationally-acclaimed and
accredited Trace Laboratories document that the Stratos Lightwave LLC
connectors and AMP connectors are mechanically and optically intermateable and
provide a common level of performance.
Stratos Lightwave has entered into a license and a technology transfer
agreement with Tyco Electronics relating to AMP LIGHTRAY MPX fiber optic array
connectivity products in the form of multi-fiber array connectors, adapters,
backplane and daughtercard housings and related products. This agreement
enables Stratos products to be physically and functionally equivalent and
intermateable with AMP LIGHTRAY MPX products, and provides the marketplace
with another recognized source for these advanced technology products.
In the tests, random combinations of QUANTUM QX and LIGHTRAY MPX trunk
and
harness assemblies were interconnected and measured for insertion loss
(optical attenuation) using EIA/TIA FOTP 171, Method C "Attenuation by
Substitution Measurement" test method. Tests were also conducted to determine
whether there were any mechanical anomalies associated with the connectors or
the board and backplane shrouds. All tests were passed.
In addition, while not called out in the test procedures, optical back
reflection measurements were also taken, and were better than -65dB for all
combinations of Stratos and AMP mating pairs.
Stratos Lightwave's QUANTUM QX fiber optic backplane connectivity system
offers high-density connectivity in backplane applications such as telecom and
datacom networking and switching equipment, add-drop multiplexers, and high
bandwidth data networking equipment.
Using an SC-style push-pull engagement mechanism, the QUANTUM QX system
has been designed to meet the growing need for high-density backplane
connectivity, and to meet all industry specifications including GR-1435-CORE.
Typical insertion loss is 0.40dB per mated pair. Premium-performance
assemblies are available. Stratos Lightwave's QUANTUM QX system is ideal for
customized requirements, holding from 1 - 12 fibers in a single thermo-polymer
ferrule.
For additional information on Stratos Lightwave's QUANTUM QX system -- or
a copy of the summary test report, contact Stratos Lightwave LLC, Fiber Optic
Products, 7444 W. Wilson Ave, Chicago, IL USA 60706-4549. Phone: 708.867.9600
FAX: 708.867.0996 E-mail: info@stratoslightwave.com URL:
www.stratoslightwave.com.
Stratos Lightwave LLC is a market leader in the design and manufacture of
optical backplane connectivity systems for high-speed telephony and data
applications. Stratos was one of the first to offer multi-fiber ribbon
connectors and small form factor connectors such as the QX, LC, and MT-RJ.
Stratos also manufactures high reliability singlemode assemblies with superior
optical performance. Stratos quality processes have been certified to ISO
9001 standards. Stratos Lightwave LLC is a subsidiary of Stratos Lightwave,
Inc.
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). Stratos Lightwave was recently
named to Deloitte & Touche's prestigious "Fast 50" Program for Greater
Chicagoland. This is a ranking of the 50 fastest growing technology companies
in the area, based on five-year revenue growth from fiscal year 1995 through
fiscal year 2000.
Quantum QX is a trademark of Stratos Lightwave, Inc.
LC is a trademark of Lucent Technologies, Inc.
SOURCE Stratos Lightwave LLC
-0- 11/17/2000
/CONTACT: John Kalusa, Fiber Optic Products of Stratos Lightwave LLC,
708-867-9600; or public relations, Wanda Arakaki of Technically Speaking,
847-480-7787, for Stratos Lightwave LLC/
/Web site: stratoslightwave.com /
(METHA)
CO: Stratos Lightwave LLC; Trace Laboratories; Stratos Lightwave, Inc.;
Methode Electronics, Inc.
ST: Illinois
IN: TLS CPR
SU:
*** end of story *** |
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| To: KENNETH DOAN who started this subject | 11/19/2000 6:19:38 AM | | From: James E Lynch | | | | (COMTEX) Stratos Lightwave Inc (NMS:STLW) Earnings Report
Stratos Lightwave Inc (NMS:STLW) Earnings Report
Nov 19, 2000 (Nelson's Broker Summaries via COMTEX)
Company: Stratos Lightwave Inc (NMS:STLW)
Actual EPS for FY End (4/2000) N/A
FY High EPS Estimate: 0.25
FY Low EPS Estimate: 0.22
Current FY Consensus Estimate: 0.23
Change from Previous Consensus Estimate: N/A
Current P/E Ratio: N/A
P/E Ratio for Next FY: 41.40
Current Industry P/E Ratio: N/A
52 Week High Price: 56.12
52 Week Low Price: 15.31
Industry: Computers-Peripherals/Accessories
nelnet.com
Copyright 2000, Nelson Information
-0-
*** end of story *** |
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| To: KENNETH DOAN who started this subject | 11/28/2000 4:55:25 AM | | From: James E Lynch | | | | (COMTEX) Stratos Lightwave Inc (NMS:STLW) Earnings Report
Stratos Lightwave Inc (NMS:STLW) Earnings Report
Nov 28, 2000 (Nelson's Broker Summaries via COMTEX)
Company: Stratos Lightwave Inc (NMS:STLW)
Actual EPS for FY End (4/2000) N/A
FY High EPS Estimate: 0.25
FY Low EPS Estimate: 0.22
Current FY Consensus Estimate: 0.23
Change from Previous Consensus Estimate: N/A
Current P/E Ratio: N/A
P/E Ratio for Next FY: 43.60
Current Industry P/E Ratio: N/A
52 Week High Price: 56.12
52 Week Low Price: 15.00
Industry: Computers-Peripherals/Accessories
nelnet.com
Copyright 2000, Nelson Information
-0-
*** end of story *** |
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| To: KENNETH DOAN who started this subject | 11/29/2000 4:17:39 PM | | From: James E Lynch | | | | (COMTEX) B: Stratos Lightwave Achieves Record Second Quarter 2001 Res
B: Stratos Lightwave Achieves Record Second Quarter 2001 Results Sales Increase
33% Over the First Quarter
CHICAGO, Nov 29, 2000 /PRNewswire via COMTEX/ -- Stratos Lightwave, Inc.,
(Nasdaq: STLW) a leading supplier of optical subsystems and optical components,
today announced financial results for its second fiscal quarter ended October
31, 2000. The Company reported a sequential sales increase of 33% over the first
quarter to more than $34 million, as well as record net income in the quarter of
$4.0 million or $0.06 per share, and $6.0 million or $0.10 per share for the
first half of fiscal 2001.
SECOND QUARTER FINANCIAL RESULTS
Net sales increased to $34.5 million, or 115%, from $16.0 million recorded in
the second quarter of fiscal 2000 and 33% sequentially from $25.9 million for
the first quarter ended July 31, 2000. The total sales order backlog continued
to strengthen during the quarter, to a record $52 million as of October 31,
2000. The Company's sales growth momentum continued to be driven by strong
demand in the Gigabit Ethernet market, and accelerating demand in the Fibre
Channel and fast-growing Metro markets. The completion of phase one of the
production capacity ramp during the second quarter enabled a 37% sequential
increase in transceiver shipments during the period. Order demand and sales
strength continued for optical backplane connectors, single mode cable
assemblies, and other value-added products, as well as significant new
opportunities in optical multi-fiber interconnects.
License fees and royalties increased to $436,000 from $323,000 in last year's
second quarter, and from $409,000 last quarter. Operating income for the second
quarter reached $3.5 million, or 10% of net sales, up 51% from $2.3 million, or
8.8% of net sales in the first quarter, and 4.4% of net sales in the second
quarter last year.
Net income for the quarter reached a record $4.0 million, or $0.06 per share,
nearly ten times the $420,000, or $0.01 per share earned in the same period last
year, and a 96% increase over the $2.0 million or $0.04 per share for the first
quarter of this fiscal year.
Gross margin for the second quarter increased to 33.9% from 32.9%, with total
gross profit up 37% sequentially from the first quarter. Operating expenses
declined slightly to 25.1% from 25.7% last quarter. In addition, we earned $2.6
million in net interest on short-term investments. Our estimated effective tax
rate was 34.4%, down from 36.3% in the first quarter of fiscal 2000, and 40.2%
in the second quarter last year.
YEAR TO DATE FINANCIAL RESULTS
Net sales increased to $60.4 million, or 97%, from $30.6 million reported in the
first half of fiscal 2000. License fees and royalties decreased to $845,000 from
$1,123,000 in last year's first half. Operating income for the first half of
fiscal 2001 reached $5.7 million, an 85% increase from $3.1 million for the
first half of fiscal 2000.
Net income for the first half of the year reached a record $6.0 million, or
$0.10 per share, more than three times the $1.9 million, or $0.04 per share for
the same period last year.
Gross margin for the six months ended October 31, 2000 increased slightly to
33.5% from 33.4%, with total gross profit up 98% from the first half of fiscal
2000. Operating expenses declined to 25.4% from 26.9% last year. Net interest
earned on short-term investments was $3.6 million through the period ended
October 31, 2000. Our estimated effective tax rate was 35.0% for the first half
of fiscal 2001, down from 38.6% in the same period last year.
BUSINESS OUTLOOK AND GUIDANCE
The industry is rapidly moving to higher density interconnects and faster data
rates to meet the pressing demand for more bandwidth. "This presents tremendous
sales growth opportunities for the next several years," said James W. McGinley,
President and Chief Executive Officer. "We believe we will continue to see very
strong sales growth across the entire product offering, building on the rapid
growth of the second quarter." The capacity expansion continues to stay on
track, and the Company expects the full implementation of the new 60,000 square
foot production facility by the end of its third quarter.
The Company believes it is in a position to achieve a 15-20% sequential sales
gain in its third quarter and is raising the projections for the fiscal year
with a sales increase of 105-115%. Net income is expected to be in the range of
10-12% of net sales for the full fiscal year.
WEBCAST/CONFERENCE CALL
Stratos Lightwave will host a live audio webcast and conference call on
Wednesday, November 29 at 5:00 pm Eastern Standard Time. Investors and other
interested parties may listen to the live webcast by visiting the investor
relations section of the Stratos Lightwave website at www.stratoslightwave.com .
James W. McGinley and David A. Slack, Vice President, Finance and Chief
Financial Officer, will discuss the Company's earnings and operations. A replay
of the conference call will be available for 48 hours beginning at 7:00 pm EST.
The replay number is 1-800-633-8284 with a pass code of 16906622. A webcast
replay will also be available on the company's website.
ABOUT STRATOS LIGHTWAVE
Stratos Lightwave, Inc. (Nasdaq: STLW) 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.
This press release contains predictions; estimates and other forward-looking
statements regarding anticipated revenue growth, customer orders, manufacturing
capacity and financial performance. All forward-looking statements in this press
release are based on information available to the company as of the date hereof,
and we assume no obligation to update any such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties and actual
results may differ materially from any future performance suggested. Risk
factors that may affect the Company's performance are listed in the Company's
S-1 registration statement for its initial public offering and its most recent
Quarterly Report on Form 10-Q, as filed with the Securities and Exchange
Commission.
For additional information contact Stratos Lightwave at 7444 W. Wilson Ave.,
Chicago, IL USA 60706-4549; Tel: 708.867.9600. Fax: 708.867.0996. Email:
info@stratoslightwave.com. Website: www.stratoslightwave.com .
STRATOS LIGHTWAVE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
(unaudited)
(In thousands, except per share amounts and shares outstanding)
Three Months Ended Six Months Ended
October 31, October 31,
2000 1999 2000 1999
REVENUE:
Net sales $34,479 $16,023 $60,395 $30,590
License fees and royalties 436 323 845 1,123
Total 34,915 16,346 61,240 31,713
COSTS AND EXPENSES:
Cost of products sold 22,795 11,325 40,172 20,374
Research and development 3,455 1,399 6,238 2,865
Sales and marketing 2,313 1,589 4,240 2,966
General and
administrative 2,900 1,330 4,850 2,411
Total costs and
expenses 31,463 15,643 55,500 28,616
Income from operations 3,452 703 5,740 3,097
Interest income, net 2,648 0 3,565 0
Income before income taxes 6,100 703 9,305 3,097
Provision for income taxes 2,096 283 3,260 1,196
NET INCOME $4,004 $420 $6,045 $1,901
Basic and diluted earnings
per Common Share $0.06 $0.01 $0.10 $0.04
Weighted average number of
Common Shares outstanding:
Basic 64,092,307 54,029,807 60,827,884 54,029,807
Diluted 65,094,473 54,029,807 61,511,928 54,029,807
STRATOS LIGHTWAVE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
October 31, April 30,
2000 2000
ASSETS (Unaudited)
CURRENT ASSETS
Cash and cash equivalents $171,340 $537
Accounts receivable - net 25,351 12,127
Inventories 25,145 11,172
Current deferred income taxes 1,166 1,166
Prepaid expenses 570 201
TOTAL CURRENT ASSETS 223,572 25,203
PROPERTY, PLANT AND EQUIPMENT 55,996 38,377
Less allowance for depreciation 16,001 13,442
NET PROPERTY, PLANT AND EQUIPMENT 39,995 24,935
GOODWILL - net 13,186 10,563
OTHER ASSETS 471 436
TOTAL ASSETS $277,224 $61,137
Accounts and notes payable $15,322 $4,389
Other current liabilities 7,781 3,067
TOTAL CURRENT LIABILITIES 23,103 7,456
OTHER LIABILITIES
Deferred Income Taxes 688 719
Minority Interest 303 0
SHAREHOLDERS' EQUITY
Common Stock 641 540
Paid in capital 246,643 52,422
Retained earnings 5,943 0
Other shareholders' equity (97) 0
TOTAL SHAREHOLDERS' EQUITY 253,130 52,962
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY $277,224 $61,137
SOURCE Stratos Lightwave, Inc.
CONTACT: David A. Slack, CFO, or Michael T. Perkins, Manager of Invest
r
Relations, both of Stratos Lightwave, Inc., 708-867-9600
URL: stratoslightwave.com
prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
-0-
KEYWORD: Illinois
INDUSTRY KEYWORD: CPR
SUBJECT CODE: ERN
*** end of story *** |
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| To: Joseph Waligore who wrote (70) | 11/29/2000 4:26:50 PM | | From: opalapril | | | | From 11/29/2000 release:
"The Company believes it is in a position to achieve a 15-20% sequential sales gain in its third quarter and is raising the projections for the fiscal year with a sales increase of 105-115%. Net income is expected to be in the range of 10-12% of net sales for the full fiscal year." |
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