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

To: Madharry who wrote (556)	11/15/1999 10:40:00 AM
From: James Fulop	Respond to of 659

Ooops... I forgot to mention I have a ton of MRVC from 10 that I bought for precisely the reasons you mentioned... getting kinda old here... lol

To: Madharry who wrote (556)	11/16/1999 3:39:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 659

I need help. According to this 7/29/99 10-K, ORTL has an 18% position in Tellium: <<< During fiscal 1999 the Company increased its investment in Tellium, Inc. by $1.5 million to a total of $6.7 million. This investment is accounted for by the cost method and, accordingly, there is no recognition of the losses to date incurred by Tellium in the Company's financial results. As of April 30, 1999 the Company owns approximately 18% of the equity of Tellium with a portion in excess of 2% held in the form of non-voting preferred stock. Therefore, the Company believes the accounting of the investment meets the criteria required under the cost method.>>>> And according to this 9/15/99 10-Q, they increased their position by an additional $960,000. <<<< Cash and cash equivalents decreased $2.8 million from $13.1 million at April 30, 1999, to $10.3 million at August 1, 1999. In the first fiscal quarter, the Company generated $2.6 million of cash in its operating activities for both its continuing and discontinued operations, primarily from a reduction in accounts receivable. The Company utilized $2.4 million in investing activities during the first fiscal quarter. This was due to capital equipment purchases of $1.5 million and a further investment in the Tellium joint venture of $960,000. During the first fiscal quarter $3.5 million was reinvested to short-term investments. The exercise of stock options and repayment of employee stockholder loans generated $515,000 in cash in the first fiscal quarter ended August 1, 1999. >>>> How does this affect their percentage? TIA --- Pat