PAT - sorry, but I did not catch the precise date you visited the Avanex facility in Freemont, California. Could you post it again please - and give us a complete evaluation of Avanex's plant and facilities and breakdown between office facilities, testing, manufacturing and so forth? Could you also provide a company headcount with titles and backgrounds of each person and hrs logged with hrs on each project. Blueprints and detailed specs would be helpful also. Also a current financial and operational audit would be helpful.
Here is the information freely available to all prospective shareholders directly from the company 6 weeks before George Gilders report date:
Wednesday March 8, 9:00 am Eastern Time
Company Press Release
SOURCE: Avanex Corporation
Avanex to Triple Size of Fremont Facility
FREMONT, Calif., March 8 /PRNewswire/ -- Avanex Corporation (Nasdaq: AVNX - news) announced today that it has completed a lease for an additional 91,000 square feet of space in a building that is adjacent to its headquarters and manufacturing facility in Fremont, which will nearly triple the size of the company's corporate offices and manufacturing space.
According to Walter Alessandrini, president and CEO of Avanex, the addition will be used primarily to expand Avanex's manufacturing capacity. ``Demand for our new photonic processors continues at a pace which necessitates this expansion immediately,'' Alessandrini noted.
The expansion announcement comes less than four months after the company relocated to a 54,000-square-foot site that is three times the size of Avanex's original location. Avanex expects to fully occupy the new space before October of this year.
The company's address remains Avanex Corporation, 40919 Encyclopedia Circle, Fremont, CA. 94538. The adjacent facility is at 40949 Encyclopedia Circle.
About Avanex
Avanex designs, manufactures and markets photonic processors for the communications industry. Avanex's photonic processors offer communications service providers and optical systems manufacturers greater levels of performance and miniaturization, reduced complexity and increased cost- effectiveness compared with current alternatives.
Avanex was incorporated in 1997 and is headquartered in Fremont, Calif. In addition to a development and manufacturing facility in Fremont, the company also maintains The Photonics Center(TM) in Richardson, Texas.
To learn more about Avanex, visit its web site at: www.avanex.com .
HERE IS APPLICABLE SECTION OF THE APRIL GTR:
Bouncing from booming computer company to overbooked chip vendor, I felt like a pinball, as everywhere I landed lights went off and bells rang. But of all the companies I saw, my most inspiring and edifying time was spent at Avanex (AVNX) in Fremont, California. However hard it may be to focus in the midst of downward flight, I suggest that you steer your parachute toward its polychrome photonic trampoline, deployed in two buildings with close to 150,000 square feet of manufacturing space at Encyclopedia Circle.
The Avanex abundance
The name Avanex will be familiar to most of you. Some of you who bought its shares in the aftermath of its $14 billion IPO may be ruing the ruinous day you learned it. But you can be assured that in those buildings, replete with some 450 animated Asian workers, you can find some of the most creative minds in all optics and the single most promising new product in the industry, the Avanex PowerMux or symmetrical multiplexer-demultiplexer.
So THIS is your grand case against Mr. Gilder?
I guess your conclusions are:
1. not all the square footage is "fully occupied" nor is it all necessarily manufacturing.
2. there are less than 450 manufacturing workers
What precisely is your point? Are you saying
George Gilder is in collusion with Avanex to overstate the company and its technology? Or is GG going solo on this?
I will await your full report after your visit. |
