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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (81390)	3/2/2000 11:14:00 AM
From: puborectalis	Respond to of 108040

Some recent news............EMCORE Corporation Announces Pricing of its Public Offering EMCORE intends to use the net proceeds of the offering to expand manufacturing capacity for new data communications and wireless products February 25, 2000 EMCORE Corporation (Nasdaq: EMKR) announced today that it priced its public offering of 1,000,000 shares of common stock at $136.00 per share. The Company's common stock trades on the Nasdaq National Market under the trading symbol "EMKR". The offering is expected to close March 1, 2000. EMCORE intends to use the net proceeds of the offering to expand manufacturing capacity for new data communications and wireless products, to fund additional investments in joint ventures and for other general corporate purposes. The offering is being lead managed by Prudential Volpe Technology Group, a unit of Prudential Securities, and co-managed by Wit SoundView and Roth Capital Partners Incorporated. Copies of the prospectus supplement and accompanying prospectus may be obtained from Prudential Securities at 111 8th Avenue, 5th Floor, New York, NY 10011. EMCORE designs, develops and manufactures compound semiconductor wafers and devices and is a leading developer and manufacturer of the tools and manufacturing processes used to fabricate compound semiconductor wafers and devices. Its products and technology enable customers, both in the United States and internationally, to manufacture commercial volumes of high-performance electronic devices using compound semiconductors. EMCORE's products are used in a wide variety of applications in the communications (satellite, data, telecommunications and wireless), consumer and automotive electronics, computers and peripherals, and lighting markets. EMCORE is incorporated in the State of New Jersey and its principal executive offices are located in Somerset, New Jersey. From Clearstation thread......EMKR has done a moonshot lately, but it's largely because it's been so underdiscovered for so long. it made up 2 years worth of movement in just a couple days last week ... but it's still pretty unknown. company makes very sophisticated compound semiconductors and other components for satellites and fiber optic transmission equipment.... much of the runup this week was due to quiet announcement of a JV with JDS Uniphase and a supply agreement with Agilent... average daily volume of 230k is low ... 14.4mm shares outstanding... company is estimated to turn corner to profitability in the next year... growth rate is phenomenal (+100%)... doesn't have any large mutual fund ownership yet, according to EDGAR filings ... on a forward P/E basis it seems cheap even at 150 ...