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

To: sbaker23 who wrote (2458)	3/18/2000 2:37:00 AM
From: wopr1	Respond to of 10714

OSI Systems: Could one of the techies make sense of this article. I dont think this directly effects CREE, but I could use some help. Thanks. smartmoney.com March 17, 2000 12:38 PM OSI Systems Rockets 121% After Unveiling Telecom Chip NEW YORK -(Dow Jones)- Shares of OSI Systems Inc. soared after the firm touted the capabilites of its design for chip components used in speedy communications-networking gear. Among other things, Hawthorne, Calif.-based OSI (OSIS) makes devices that convert light waves into electronic information. The company's shares surged in January after it announced a new type of chip material, called silicon-based photodiode. OSI has said that the material costs less than half that of gallium arsenide, one of the most frequently used materials in communications chips. OSI's shares (OSIS) more than doubled in a burst of trading on the Nasdaq stock market Friday after the company said its silicon-based design can match the performance of gallium arsenide but consume less power and cost less. OSI also said its design is easier to connect to fiber-optic networks. The company makes X-ray inspection and metal-detection systems as well as optical and pressure-sensitive electronics systems and subsystems. Its products are used in the security, medical, fiber-optics, communications, aerospace, oil exploration and automotive industries. "Our recent breakthroughs are very exciting. By overcoming previous limitations in silicon processing, we are able to provide a cost-effective alternative to gallium arsenide." said Deepak Chopra, OSI's chief executive officer. "Silicon provides considerable benefits over gallium arsenide," Chopra said, adding that "we feel that our new detectors should gain wide market acceptance as a very compelling alternative." -wopr