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Technology Stocks : Oclaro, Inc. (Avanex-Bookham) -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (90)	2/7/2000 4:28:00 PM
From: RavBruce	Read Replies (2) \| Respond to of 2293

What do people think about what happened today: @20% of float traded hands, mostly down. I think people are concerned about the early lock up release. Scarcity is what drives these IPOS. I don't remember who said it, but do you know for sure that the lock-up shares will be privately placed? Also, going back earlier in the thread: what is the proof that MCI and MSFT got shares at original offer price. I believe that is against the law unless it closed before the price was raised.

To: Techplayer who wrote (90)	2/7/2000 4:40:00 PM
From: Alan Levin	Respond to of 2293

Brian, Apparently the market has discovered it, too! -Alan APA Optics jumps 50 percent to 52-week high CHICAGO, Feb 7 (Reuters) - Shares in fiber optics company APA Optics Inc. <APAT.O> rose more than 50 percent to a 52-week high on unusually heavy volume on Monday. A spokesman for Minneapolis-based APA said the company had not released any news since last week, when it introduced a new device designed to expand wavelength band. The stock was up 18-3/4 at 54 in afternoon Nasdaq trading, after climbing as high as 64. The 52-week range is 3-8/16 to 39-8/16. More than 800,000 shares had changed hands, which the spokesman said was the highest volume he had seen. "We haven't put anything out in a week or so," the spokesman said. There has been "more focus on the company (because) that sector of the market is being highly sought-after at this point," he added. "More and more people have been discovering the company." He pointed to last week's initial public offering of fiber optic company Avanex Corp. <AVNX.O>, which soared 375 percent in its debut. Avanex was off 14-9/16 at 157-7/16 on Monday. The spokesman said he did not think APA's stock gain was related to news that Lucent Technologies Inc., <LU.N> the world's No. 1 telecommunications equipment maker, had agreed to buy optical networking company Ortel Corp. <ORTL.O> for $2.95 billion in stock. 15:04 02-07-00