To: Anthony@Pacific who wrote (51820 ) 2/16/2000 7:51:00 PM From: who cares? Read Replies (2) | Respond to
"but what to do about my "trade?" if I sold it on Monday before writing about it, then I could be accused of not having the courage of my own convictions" "Some pretty smart investors already have done the math and have quietly purchased significant stakes. Hillman Co., a well-respected private holding company associated with Pittsburgh billionaire Henry Hillman, has bought a 40% stake in the firm over the past couple of years via its Wilmington Securities venture-capital arm. Tredegar Investments, the venture-capital arm of Virginia-based Tredegar Corp. (TG), and Seattle-based Madrona Investments each bought significant stakes back in the summer via a preferred stock offering. And the State of Wisconsin Investment Board, one of the nation's largest and most-influential pension funds, announced it purchased nearly 20% of the firm via a new stock offering just last week." SANTA BARBARA, CA--(BUSINESS WIRE)--Feb. 11, 2000-- Superconductor Technologies Inc. (NASDAQ: SCON - news;''STI'), a leading developer and manufacturer of superconducting products for wireless communications and wireless Internet access, today announced the completion of a public offering of 2,473,701 shares of registered common stock, providing gross proceeds to STI of $8,039,528. The majority of the shares were purchased by the State of Wisconsin Investment Board (''SWIB'), one of the largest pension funds in the world, with the remainder purchased by Wilmington Securities, Inc., a wholly owned subsidiary of The Hillman Company. if you consider the potential size of the market, that makes sense: Multiply an average of $20,000 per box by the potential to sell into 500,000 base stations. That's a $10 billion market. If Superconductor Technologies only gets 10% of that, it's a $1 billion revenue opportunity. Cut it in half, and you can still see the potential for $500 million in sales over the next five years. Cut the average selling price in half, and $250 million is still a big sales target for the company. Now imagine what happens if it gets more than a 10% share, or expands its product line. Thomas said he expects to reach profitability by the first quarter of next year.
