Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (60987)	6/6/1999 11:54:00 PM
From: GST	Respond to of 164684

William -- they are indeed a big blob, but they may be on the leading edge of Japanese companies remaking themselves. Perhaps they should take the next step and spin off many of their more promising units so investors can take the ones they want.

To: Bill Harmond who wrote (60987)	6/7/1999 12:13:00 AM
From: H James Morris	Respond to of 164684

William, you like more focused investments? Here's one to focus on. Emkr does a secondary next thursday, and it's like pulling teeth, and I'm a DJL preferred customer. The other one I want to get is Buy.com. Do you know when it comes out?? Do you know the Ingram family has a piece of it? >>Cleveland, June 3 (Bloomberg) -- General Electric Co., which makes more than 30,000 kinds of light bulbs, and Emcore Corp., a maker of light-emitting diodes, or LEDs, completed forming a joint venture to make long-life light bulbs using LED technology. Emcore issued warrants to GE to buy shares of Emcore stock that expire in 2006. GE also bought a convertible debenture from Emcore for an undisclosed amount, the proceeds of which Emcore is using to fund its investment in the venture. GE would own as much as 6.5 percent of Emcore if all options are exercised. The venture intends to tap what the companies expect to be a $1 billion-a-year market for white and colored LED lights in the next decade. GE holds a 51 percent stake in the venture, called GELcore, and Emcore owns 49 percent. GELcore's high-intensity LED bulbs, which will last as long as 100,000 hours, are expected to be available in the second half of this year. Standard bulbs last less than 5 percent as long and use more energy, the companies said. GELcore will sell the products as alternatives to miniature automotive, compact fluorescent, halogen and incandescent lighting. Shares of Somerset, New Jersey-based Emcore, which have risen 56 percent in the past year, rose 1/8 to 22 1/8 in midday trading. Shares of Fairfield, Connecticut-based GE, the second- biggest U.S. company by market value, rose 1/2 to 102 9/16. Its lighting unit is based in Cleveland. Jun/03/1999 12:34 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.