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Photonics and DTC DATA TECHNOLOGIES, these two companies were merged in March 96. Most Stock tickers have not changed Photonics' ticker, it was PHTX but now PHOX, accordingly, news and other important information was either not posted or ignored.
Well these tickers you should not ignor. DTEC and PHOX are one and the same, and their stock is the same, read the below information:
Now listen carefully, has anyone heard of a company by the name of DTC Data Technology? Maybe some of you old timers have since they have been in business since 79. Well I've kinda half kept an eye on it(DTC) and they purchased a company by the name of Photonics Corp. last March 96. Now since that time the two merged companies have been releasing information under Photonics (PHOX)NASD BB and although DTC DATA TECH is still trading(maybe once every 2 months)under the NASD BB symbol DTEC they release the name of the DTC DATA TECH but not it's ticker, hence unless you knew there was public stock under DTEC chances are you wouldn't even consider it.
Photonics (phox) has been filing edgar reports and releasing news concerning DTC DATA, but has omitted it's ticker symbol because they are currently d.b.a.(doing business as) Photonics(PHOX). The DTEC stock is selling for .07, PHOX .375, the difference between the stock? According to the CFO, nothing, except the merger process of the stock hasn't occured as quickley as planned, mainly due to one corp. being a
delaware and the other a california, and "we would rather be spending money on the companies emerging products right now, then on Attorneys" they will be joined (the stocks) by summer, then they will assume the DTC DATA name instead of using the Photonics. All this information is available under Photonics Corp. filings with the SEC, So check them out because according to the CFO, things are boomin, and when questioned about the trading of DTEC stock it was explained the stock of the two companies is equal(or will be shortly, once joined) Right now however DTEC common may be purchased at a huge discount to PHOX. How can one lose? In addition this company is actually making a move, it reported a profit the last quarter! Here is a recent press release:
DTC Data Technology introduces new line of Adaptec compatible ISA-to-SCSI host adapters, DTC3520A and DTC3510A, for desktop connectivity and performance
BusinessWire, Wednesday, May 14, 1997 at 09:59
MILPITAS, Calif.--(BUSINESS WIRE)--May 14, 1997--Photonics Corp.,
d.b.a. DTC Data Technology (NASDAQ:PHOX), a leader in EIDE, I/O,
SCSI and advanced wireless LAN technology, today announced the
DTC3520A and DTC3510A, its new product line of Adaptec compatible Fast SCSI-2 ISA SCSI host adapters.
These are compatible with Adaptec's AVA-15xx and AHA-1510A/1520A
Adaptec is considered the de-facto standard. DTC's unique
product offering gives re-sellers, systems integrators and OEMs an
alternative solution with the same quality and compatibility at a
The DTC3520A and DTC3510A SCSI host adapters will be available in
May through DTC's authorized distributors, VARs, re-sellers, and
systems integrators with an estimated street price of $69.95.
The DTC3520A and DTC3510A provide a flexible connectivity solution
between your PC and SCSI peripherals. Connect CD-Rs, scanners, tape drives, SCSI hard drives, ZIP, JAZ, SYJET, or any removable media and many other peripherals to up to seven (7) SCSI devices.
The DTC50C18 chip technology delivers performance of up to 10MB/sec. It is Fast SCSI-2 compatible and suitable for applications running in Windows 95, Windows NT and other multitasking operating systems in a desktop environment.
DTC's EZ Install(TM) software queries all SCSI devices attached,
and installs, updates and configures all the required device drivers automatically. The DTC3520A on board BIOS allows direct booting from SCSI devices attached and the DTC3510A is for attaching non-bootable SCSI peripherals.
The DTC3520A or DTC3510A Kit includes an ISA SCSI host adapter,
internal 50-pin high-density cable, EZ Install software,
DOS/WINDOWS ASPI manager and complete user's guide.
Founded in 1979, DTC is a recognized value leader among OEMs,
integrators, and distributors providing cost effective peripheral
solutions for the PC. Additional information about DTC is available on the World Wide Web at datatechnology.com .
Note to Editors: Photonics Corp. d.b.a.(DOING BUSINESS AS) DTC Data Technology, its products and logo are trademarks or service marks of DTC Data Technology. All other brand names or product names are trademarks or registered trademarks of their respective holders.
CONTACT: DTC Data Technology
Terri Gill, 408/942-4054
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS PRODUCT
Companies or Securities discussed in this article:
Photonics Corp (New)
Now I have never run across a similar situation, the web site is active, check it out.
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