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Technology Stocks : Kopin Corp. (KOPN)
KOPN 2.415-4.4%10:38 AM EST
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From: kinkblot1/3/2017 11:15:25 AM
1 Recommendation

Recommended By
richardred

   of 1820
 
Kopin enters into strategic relationship with Goertek, Inc.

Today Kopin announced that Goertek has taken a 9.8% share of the company at a price of $3.25. For comparison, Kopin's IPO in April of 1992 was at $3.50 (adjusted for two 2-for-1 splits). Connecting those two points, we get essentially a horizontal line, with a slight downward slope.

I leave exact calculation of slope to Dr. Fan.

In the words of Goertek's CEO Long Jiang: "Goertek is the world's leading designer and manufacturer of VR/AR and other wearable products."

So perhaps this is good news.

Goertek quote, Shenzhen [2241.SZ]

Assuming the numbers in the Financials section are accurate, we can at least say that Mr. Jiang is a relatively effective manager.

Goertek website
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