[Shock}
Ed, well put. That was my point. For almost a year now we have been
waiting for HKT and out of nowhere Orckit comes up with what IMHO seems like a Big opportunity . I have been in Orckit for a while now and they continue to surprise. From their 1Q 97 results they surprised on the upside by almost 100%. I expect them to be in the black by June, Sept on the outside. Even First call has +.02 ests before today for Sept. I know the release said no immediate impact to earnings(in the China news) but I really think that with this and the news from BA/WSTL, Orckit may start to really heat up. What do others think,
JimW I know you follow Orckit what's your take? Is this the news that is going to light a fire under Amati?
EL AVIV, Israel--(BUSINESS WIRE)--May 5, 1997--Orckit
Communications Ltd. (NASDAQ: ORCTF), a leader in the manufacture and
development of Digital Subscriber Line systems and modems, today
reported first quarter revenues up 119 percent to $5.2 million,
compared with $2.4 million for the same period in 1996.
Product revenues during the quarter ended March 31, 1997 climbed 223 percent to $4.7 million, compared with $1.5 million in the first quarter of 1996. Product revenues as a percentage of total revenues during the quarter increased significantly, reaching 90 percent of total revenues, compared with 61 percent in the same period of the previous year.
The net loss for the first quarter was $552,000, or $0.04 per share, compared with a net loss of $613,000, or $0.05 per share
during the first quarter of 1996. |
