ADLT investors have two nice events of which to look forward:
1) The invitation-only March 29th analyst meeting at ADLT's DSI subsidiary's facilities in Santa Rosa, California.
2) depsci.com
ADLT bought DSI in January of '98. General Electric invested into ADLT in October of '99. Did GE invest due to ADLT's lighting business? Or was it because of the work of ADLT's DSI subsidiary?
It's interesting to note from the SEC filings how General Electric, via its ownership interests combined with proxy votes from Chair/CEO Wayne Hellman, Hellman, Ltd. and President/COO Alan Ruud, gets majority voting control over the company. (see recent SEC filings). Also, GE now has two decades-long career executives now sitting on ADLT's board, one of whom is an expert in marketing and distribution.
newsalert.com
It's not a reach to understand why General Electric would have AN INTEREST in ADLT's lighting products. But perhaps GE is more interested in ADLT's subsidiary, DSI. After all, GE has long dominated the lighting industry, so why does it need to actually CONTROL the voting rights of Advanced Lighting? I really don't think it's to keep the light bulb competition at bay.
Could it have more to do with DSI's fiberoptics telecommunications and fiberoptics coatings business, and a possibility DSI could help GE move up a notch or more in this cutting-edge hot sector?
Most of us now know about DSI's telecommnications unit. But check out DSI's Advanced Technology Group (ATG) which is involved in the following: Aerospace & Defense Products; Data Storage; Solar Reflectors; Industrial IR & UV Curing filters; Information Displays; Ophthalmic Lens Coatings; Projection & Digital Display Systems; Space & Satellite Apparatus; Solar Simulation & Material Aging; and Large Optics.
This is taken from DSI's website relative to ATG:
"As a supplier to DOD, DOE, NASA and other major government clients, DSI has a top secret classified facility, including photolithography and clean room operations."
Neat, huh?
Would GE be interested in this stuff? You bet! Take a moment and consider the mutitudinous areas of GE involvement. Again, why would GE want CONTROL of another lighting company? Me thinks something else is in the mill.
Tidbits:
stockpoint.com\060p0588.htm&Mode=NEWS&Symbol=ADLT
depsci.com
depsci.com
[NOTE: I conducted a search on GE's webpage and typed in the following: "wavelength division multiplex" and "fiberoptic coatings." Either due to an error with my computer or some other reason, many of GE's fiberoptic links, in Acrobat, came up empty. I wonder why? Anyone else care to try?
More links:
ge.com
ccrd.ge.com
[NOTE: Regarding the above link, consider fiberoptic upstart LPTHA's--makers of the light chip--light-bending experiments all began in a San Jose garage with fonder, Leslie Danziger, doing ceramics experiments.]
depsci.com
ge.com
And there's more but I don't have time to dig through it all. Join the digging club and see what you can find out.
Finally, if there's any sleeper sittin out there in the stock market, I think it's ADLT. Even with all the above information, when you seek info on the company you come up with an entity listed in the furniture, lighting and fixtures sector, not fiberoptics. However, anyone reading this now knows such is not the case. Don't ya?
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