Celeritek(CLTK)- earnings up 1300% Message Board

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Technology Stocks : Celeritek(CLTK)- earnings up 1300%

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To: eagle who wrote (82)	5/1/1997 9:47:00 AM
From: John Djzuba	of 212

Eagle: In the August '96 GaAs foundry survey conducted by Microwave Journal, Celeritek made the forecast they would be producing 1000 X 6 inch wafers per week by 1999.....The increase in wireless workspace to 25,000 square feet indicates that this company is now heavily committed to growth and meeting this eight fold increase in capacity. The design-ins with Motorola, Lucent, Nokia, Qualcomm and Kyocera is very positive news......These companies, along with Ericsson, expect to produce up to 500 million PCS handsets by 2002...this represents a market worth about 2.5-5 Billion dollars in GaAs amps. CLTK is highly focussed on this market and they have the intellectual property, know-how, and manufacturing expertise and capacity to get a good chunk of it. What the company has to do now is become a sleek and quickly adaptable semi-merchant supply house that can make low cost, high quantity PCS amps in record time. The annual report was better that expected..... especially in view of the delayed or lost orders. A company like this should have revenue growth of 40-60 % per year, which may soon be the case./JD/

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