SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Emcore Corporation (EMKR)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (468)4/9/2008 9:04:58 AM
From: Hawkmoon  Read Replies (1) of 640
 
This entire Yahoo thread is worthwhile reading:

messages.finance.yahoo.com

"If we assume Emcore sells 19 percent of the solar business in an IPO priced at $15, then we calculate it would raise slightly more than $80 million, which could be used to fund further expansion of the solar line," analyst John Harmon of Needham & Co. wrote in a research note yesterday.

The optical side is worth noting, though, because Emcore joined the ranks of the big boys when it acquired the Intel tunables business. (See Emcore Beefs Up.) Its past four quarters of fiber-optic sales totaled just $119.1 million, but Harmon expects that to grow to $180 million in 2008 and $235 million in 2009.


So.. current EMKR shareholders will receive a corresponding share of the "solar" spin-off.. It will be IPO'd @$10-15 and suddenly your EMKR is worth MAJOR BUCKS!!

messages.finance.yahoo.com

Were I one of those who were short 8 million shares of EMKR (12.8% of the total float), I'd be getting REAL nervous about now.. Because it's likely some of this info is going to be discussed tomorrow by the company's management.

Hawk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext