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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (3941)	5/3/2000 3:51:00 AM
From: w molloy	Read Replies (2) \| Respond to of 5853

Well said Pat. Your DD is a case study of the research one should do on Gilders (or anyone else's) picks. However, with so many sheep already in the fold, I doubt George will be embarrassed by your revelations. Keep up the good work. w. PS - What happened to the convict AVNX/TERN shorter. I found his brazen approach quite entertaining.

To: pat mudge who wrote (3941)	5/3/2000 8:57:00 AM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 5853

Pat: Perhaps your assessment of AVNX is a matter of perception based on the information which you are using regarding the company. It appears to me that you are relying strictly on the information available to you in AVNX'S S-1 which was prepared in January, 2000, in preparation for the initial public offering of AVNX. That information was compiled from data as of December, 1999. The IPO was February 3,2000. George Gilder and associates visited AVNX in March,2000, as a part of its research for the April,2000, Gilder Letter. George's information is more recent than yours. And from what I have been able to discover outside George's letter, his facts are correct as of the time that he wrote them. Perhaps you could clear up this matter to your satisfaction if you called AVNX Press and Publications Office or the Office of Investor Relations. I am sure that they could provide you with current information about the company. By using the information in the S-1 and comparing it with what is contained in the Gilder letter together with what is available from the company, you should gain an up-to-date insight into the current situation at AVNX. If the facts are as they appear, then AVNX is truly a fast-moving company. Perception is based on facts. And facts are available. George apparently went to the source and got the latest facts.

To: pat mudge who wrote (3941)	5/3/2000 9:24:00 AM
From: mts362	Respond to of 5853

GG is using more up-to-date info than you, plain and simple. Things change and grow quickly, this should have been obvious to you. MTS

To: pat mudge who wrote (3941)	5/3/2000 9:57:00 AM
From: SecularBull	Respond to of 5853

"Animated" means "automated", imho. LoF

To: pat mudge who wrote (3941)	5/3/2000 10:28:00 AM
From: Rachel M. Kuecks	Read Replies (2) \| Respond to of 5853

Maybe things change over time. Company Press Release SOURCE: Avanex Corporation Avanex to Triple Size of Fremont Facility FREMONT, Calif., March 8 /PRNewswire/ -- Avanex Corporation (Nasdaq: AVNX - news) announced today that it has completed a lease for an additional 91,000 square feet of space in a building that is adjacent to its headquarters and manufacturing facility in Fremont, which will nearly triple the size of the company's corporate offices and manufacturing space. According to Walter Alessandrini, president and CEO of Avanex, the addition will be used primarily to expand Avanex's manufacturing capacity. ``Demand for our new photonic processors continues at a pace which necessitates this expansion immediately,'' Alessandrini noted. The expansion announcement comes less than four months after the company relocated to a 54,000-square-foot site that is three times the size of Avanex's original location. Avanex expects to fully occupy the new space before October of this year. The company's address remains Avanex Corporation, 40919 Encyclopedia Circle, Fremont, CA. 94538. The adjacent facility is at 40949 Encyclopedia Circle. About Avanex Avanex designs, manufactures and markets photonic processors for the communications industry. Avanex's photonic processors offer communications service providers and optical systems manufacturers greater levels of performance and miniaturization, reduced complexity and increased cost- effectiveness compared with current alternatives. Avanex was incorporated in 1997 and is headquartered in Fremont, Calif. In addition to a development and manufacturing facility in Fremont, the company also maintains The Photonics Center(TM) in Richardson, Texas. To learn more about Avanex, visit its web site at: www.avanex.com . Forward-looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act. Actual results could differ materially from those projected in the forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, our inability to sufficiently expand our direct and indirect sales operations, failure to expand, train and manage our workforce and difficulties in hiring additional personnel to sell our products. Avanex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE: Avanex Corporation

To: pat mudge who wrote (3941)	5/3/2000 2:15:00 PM
From: FJB	Read Replies (2) \| Respond to of 5853

I could only find one US patent for Simon Cao as well, but here is his bio for additional info. Dr. Cao's experience includes a lengthy list of firsts in research and development and product development in the optical field. He has been granted six U.S. patents, and 34 patents are pending. avanex.com The manufacturing space question was addressed. It would probably be wise to wait for their head count numbers in their next report before crucifying George on that point. Definitely sloppy on the patents and manufacturing space! BTW, I do not get the GTR and could care less about Avanex. I've just been having fun lurking on this thread. Bob

To: pat mudge who wrote (3941)	5/4/2000 5:33:00 PM
From: George Gilder	Read Replies (4) \| Respond to of 5853

You are wrong on Simon Cao's 36 patents, most of which were issued while he was at Etek, where he invented optical isolators, filters, and other WDM devices. The rest of the nits mostly dramatize how fast the company grew between the time of the filing you quote and the last time I visited the facility. I really don't know how many of the 450 total workers were fully trained, but I saw hundreds laboring hard through the night I was there. As with all my company visits, I devoted almost all my 18 hours of interviews with Avanex to understanding the technology and its alignment with my paradigm. --GG