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Technology Stocks : ORTEL -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (519)11/11/1999 2:17:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 659
 
Hello Pat,

I am just curious about the presentation. I know the new management is more aggressive and plans on introducing new products to jump start ORTL, but I am concerned that their cash levels are insufficient to do anything of note. The last few Q's they have cut cost all they could. Being one of the few independent companies that can produce lasers is a plus, but they had so far only had success on the HFC side (ie ..1310, 1550). They dropped their 980 nm DWDM program through their inability to compete and as a result their Tellium stake became a passive investment as opposed to the active partner they intended. The CDMA repeater market has been slow to develop due to the slow pace of the carriers filling in their dead spots and as far as I know that has not changed.

As far as I can tell their only DWDM product is their line of receivers. A few calls ago they were getting that Bell Core certified.

Right now the rise in the stock price looks like it is mostly due to people who want in stake in Tellium and are using ORTL as a surrogate till the IPO.

Harry



To: pat mudge who wrote (519)11/11/1999 2:19:00 PM
From: James Fulop  Read Replies (1) | Respond to of 659
 
Thanks once again. There was some takeover speculation a while back when the new management stopped building a new head office-I was just wondering if you had come across anything to that effect. (I always thought that was just a cost cutting move and not preparation for selling out, as at least one of Ortel's shareholders, a Japanese firm, would probably not see the merit in selling its more than likely strategic holdings just for monetary gain.)


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