LPTH: Up 2 15/16 (22.6%)on 941,000 shares. Intra-day H so far 16 7/16.
The latest news:
ALBUQUERQUE, N.M., Jan 11, 2001 /PRNewswire via COMTEX/ -- LightPath Technologies, Inc. (Nasdaq: LPTH), manufacturer of families of high performance fiber optic components for the telecom industry, today announced that its wholly-owned subsidiary, Horizon Photonics, Inc., has received a $13.7M order for proprietary micro-optic assemblies from a leading manufacturer of telecom systems. The order calls for Horizon to deliver over $10M in product during the first six months of 2001.
Bob Cullen, President of Horizon Photonics, commented, "This is the reward for designing next-generation OEM components for automation. Horizon's manufacturing platforms are now fully qualified and completely scalable for the ramping demands of our customers."
The average volume is less than 600,000 shares, so we may see about double volume today.
I may watch for possible retest of the 14 1/8 level before adding to my present position.
Regards and good luck.
Bernard |
