$$$ GSLI OPTICS NEWS $$$
********************************************************
(1) Hiring blitz hits "optics" firm.
canoe.ca
Work force to more than double !!
"Revenues from optics will increase from just $2 million last year to about $12 million this year, but the company's customers have asked that it be prepared for $60 million in optical business next year"
Company is expected to do 12 million this year.
That's 600 % growth rate.
Company is expecting to do 60 million next year.
That's a 500 % growth rate from this year. Holy cow !!!
"This last leg up is because certain people are thinking of them as a photonics play in the same terms of JDS (Uniphase) and Corning," "There is tremendous interest in any company that has a photonics component to it. GSI Lumonics is doing this because there's a huge demand for it."
Needham is expecting 25 - 30 million next year (conservative estimate - see article below) and says could see company doing 100 million in 'two' years.
Way, Way, Way, Way .. too conservative at this rate.
<< Company giving lots of hints on direction !! >>
<< C'mon Winston 'please' announce a spin off of 'OPTICS' division on Aug 2, 2000. Note the headline "OPTICS FIRM" >> Then hopefully a takeover bid !!
************************************************************
(2) Q2 is in the bag !! New CFO appointed. Bradley is leaving for 'personal' reasons.
biz.yahoo.com
"We expect our quarterly results will meet expectations based upon continued strong performance of core markets."
<< Q2 is in the bag. Question now is if any upward surprise and future outlook >>.
<< Boy, the company is sure letting out a lot of positives today !!! >>
***********************************************************
(3) Openfund bought approx 10,000 shares at average of $39
when the stock had upward momentum (high volume & price) then they dump all these shares at $34 last week when momentum died.
<< They bought back 7,000 today at $42.50 !! Upward momentum !! Look at volume !!>>
openfund.com
metamarkets.com
<< PEG RATIO compared to JDSU !!! Holy COW !!! >>
<< They bought back 7,000 today at $42.50 !! Upward momentum !! Look at volume !!>>
***********************************************************
(4)GSLI on ON2 ! ===>> " GSI Lumonics Running Away "
biz.yahoo.com
<< Didn't listen to it yet but from chat lines it's positive !! >>
***********************************************************
(5) Needham's take on GSLI.
canadainvest.com
" Kundtz is willing to raise his target price upon further review of the company’s new products and second quarter results ". Well heck, he under estimated the optics by 100 % or more for next year !!
**********************************************************
(6) CIBC has a $55 U.S. target !!
nationalpost.com
**********************************************************
(7) briefing.com had a very very positive article on GSLI
Message 13988241
***********************************************************
<< NOW HERE IS THE KEY TO IT ALL OF THIS FOLKS >>
FROM NEEDHAM :
" They could turn their optics division into a 100-million business two, three years down the road. It's possible and that would make this a dramatically different company "
<< For heavens sake the company said that they'll do 60 million next year !! >>
<< Just look at the valuations of SDLI & JDSU !! >>
===>> Goooooooooo GgggSssssssssLlllllllllllllIiiiiiiiiii
Twelve more days to go !!
Long GSLI
Y3K |
