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Technology Stocks : Optical Networks and Components, DWDM and Tunable Lasers

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To: J Fieb who wrote (175)	3/4/2000 9:38:00 PM
From: BDR	Read Replies (1) of 275

A very interesting article. Lots to think about there. I am somewhat familiar with Nanovation, mentioned at the end of the article. Website: nanovation.com Thread: Subject 31131 I researched the history of it a little back in December. It is currently a private company with stated plans to go public sometime this year. In December some one discovered that, while it is private, one could potentially buy into the company through a Canadian holding company, Stamford International. The details are posted on the thread above. Several things bothered me though about the company. Two individuals involved with Stamford International were involved with some earlier stock pump and dump schemes. The approximately 27 million shares of Stamford should be converted to the 9 million shares of Nanovation held by Stamford at a 3 to 1 ratio as a result of a lawsuit by some of the shareholders but the number of Nanovation shares in existence is not public knowledge. They claim to have an all optical nanotechnolgy switch as described in the article you pasted but the only source for this information are the company's own press releases and several patents on file. They raised $56 million dollars and one of the first things they did was to pledge $90 million over five years to MIT for research in optoelectronics. None of their press releases mention any expenditures for sales, marketing, or manufacturing or any mention of licensing and all the other things a company with a sure fire, "change the world" technology would seem to be doing by now if they are going to come out with a product in the first half of this year as they have stated. Stamford International which was trading for about a buck at the start of the year can be bought off the pink sheets now for about $28-30. Someone posted on the thread an offer to sell Nanovation shares. When another poster I know followed up on the offer he was told that shares could be had for 90% of the equivalent price of Stamford shares. So a presumed insider was going to sell pre-IPO shares of the next Intel at a discount. My head was spinning. Most of the posters on the thread seem to assume the all optical switch is already a reality. I think it is in a very early stage of development. Does anyone know more about this company than what it puts out in its press releases?

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