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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)
OCLR 8.2600.0%Dec 10 4:00 PM EST
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To: Puck who wrote (415)4/13/2000 10:48:00 AM
From: Andy Yamaguchi  Read Replies (1) of 2293
 
Lockup information:

by: sat_nav_sys 4/13/00 10:37 am
Msg: 1207 of 1208
From the prospectus:

"Notwithstanding the 180-day lock-up period, 25% of the shares, or 13,847,960 shares, subject to these lock-up restrictions, including 3,644,690 shares held by our executive officers and directors, may be released from these restrictions beginning 90 days from the date of this prospectus, or May 3, 2000. This release will occur if the last reported sale price of our common stock is at least two times the initial public offering price per share for 20 of the 30 trading days preceding the 90th day after the date of this prospectus."

...i count 14 trading days til 5/3. If AVNX closes above $72 for 4 more days, then the lockup ends in May.

...watch for AVNX employees bidding on the open market at 3:59pm to support their stock.
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