It is entirely feasible manufacturing space could be close to 150,000 I cant imagine the remaining 76,000 square feet strictly dedicated to corporate offices.
It is not possible. Not even remotely possible for Avanex to have had 150,000 sq. feet of operational manufacturing space at the time of GG's visit. They signed a lease in September for 54,000 sq. ft, and signed a second lease for 91,000 sq. ft. in March. [They also have a 6,000 sq. ft. photonics center in Texas.] The issue is not how much space they have under lease for future manufacturing space. The point is that what GG described in TGR did not exist when he wrote it because it's impossible to install equipment, test, certify and put into full operation a facility in that amount of time. If it takes SDL 12 months to go from signing a lease to turning on lines for their 33,000 sq. ft. space in Victoria, B.C., I'm quite sure it would take at least that amount for AVNX. In which case they could have some portion of their 54,000 sq. ft. space ready this coming September, and the additional 91,000 sq. ft ready next March.
The segment in question from TGR:
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 Center.
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 symetrical multiplexer-demultiplexer. . .
Now we can continue to discuss the number of workers Avanex had or has in total. That does not change the fact that GG described 450 "animated Asians" in his 150,000 sq. ft. factory setting and the company neither had that amount of manufacturing space nor had that many workers busy at work on what he led his readers to believe was the PowerMux.
I'm pleased the company will have adequate manufacturing space when it's completed. I'm also pleased they're hiring at such a rapid pace. Perhaps a year from now GG will be able to republish his original article and it will be accurate.
Pat |
