John, I own a few shares of ATML, too.
We should have bought Rockwell's CNXT spinoff when it was down in the teens! That's a better investment than KOPN, imo. It's too expensive for me at the current price, though. And now Merrill-Lynch is pushing it: a bad sign.
I'm beginning to think of Kopin's HBT division as just an outsourcing shop for Conexant, HP, Nortel, etc. I believe those companies could do it themselves if they so chose - they can buy the same reactors from AIXTRON as Kopin does. For instance, Nortel is using Kopin as a second source on the OC-192 application: "Kopins' high volume wafer production operation will complement Nortel's internal capabilities."
Naturally, the big guys concentrate their internal operations at the top of the food chain, the devices, where they can maximize their return. Except in cases where they have proprietary technology to protect, doing the device wafers would not be worth the trouble for them.
Will
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