TELM and gizzards to go.
I was seeing TELM being pushed on another SI and decided to take a look.
TELM 1.18 +0.18
52wk Range: 0.28 - 1.32
Volume: 22,217,728 Wow!
Avg Vol (3m): 2,921,409
Market Cap: 131.91M
P/E (ttm): N/A
EPS (ttm): -2.24
P/S (ttm): 4.45
Tellium Reports Second Quarter 2003 Results
Monday July 28, 7:56 am ET
OCEANPORT, N.J.--(BUSINESS WIRE)--July 28, 2003--Tellium (Nasdaq: TELM - News)
Tellium and Zhone Technologies to Host Conference Call
to Discuss Definitive Merger Agreement
Second Quarter Results
Tellium and Zhone Technologies Announced Definitive Merger Agreement
Cash position of $149.8 million at June 30, 2003; net cash burn was $7.4 million
Revenues of $10.1 million
Loss per basic and diluted share on a U.S. GAAP basis was $0.12
Loss per basic and diluted share on a pro forma basis was $0.07
Gross margins on a U.S. GAAP basis were 39%, and 47% on a pro forma basis
Tellium, Inc. (Nasdaq: TELM - News), today reported its results for the second quarter ended June 30, 2003. On a U.S. GAAP basis, the company's net loss for the second quarter was approximately $12.1 million, or a loss of $0.12 per basic and diluted share. For the first quarter 2003, on a U.S. GAAP basis, the company's net loss was approximately $37.4 million, or a loss of $0.38 per basic and diluted share.
In a separate press release issued today, Tellium announced the company has entered into a definitive merger agreement with Zhone Technologies, Inc. Upon completion of the merger, existing Tellium stockholders would own approximately 40% of the new company's combined outstanding securities on a fully converted basis. The transaction is subject to the approval of both companies' stockholders
Summary: Another merger. Chart is choppy like rough wave.
stockcharts.com[w,a]djclyiay[pc5!c20!c100][vc60]&pref=G
I see no compelling reason to buy it. :P
Jack |
