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Technology Stocks : Lightpath Technologies: LPTH New WDM player -- Ignore unavailable to you. Want to Upgrade?

To: Joe Lyddon who wrote (967)	5/12/2000 5:01:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 1219

<<...anyone care to guess what a FULL qtr or two will bring?>> Na, dont need to guess, but will gladly wait as a continued shareholder until we find out. Surely it will be a large a large jump in the numbers.

To: Joe Lyddon who wrote (967)	5/13/2000 3:51:00 PM
From: jkc	Read Replies (1) \| Respond to of 1219

Abq Journal Lightpath article courtesy of cro2laser on yahoo abqjournal.com Saturday, May 13, 2000 LightPath to Double Work Force By Aaron Baca Journal Staff Writer LightPath Technologies in Albuquerque has announced plans to triple its production capacity and double its number of employees to more than 160 over the next year. The expansion is part of a $15 million investment meant to increase production for two of LightPath's fast-selling fiber-optics communications products. "The growth in demand for our components is unbelievable," said LightPath President and CEO Don Lawson. "We're now in a position to make our capacity work." Lawson said the number of customers has increased remarkably. "This has led to significant increases in our sales bookings over the past four months," he said. During the quarter ended March 31, LightPath had sales totaling $420,000 ? 55 percent coming from its communications products. In the first six weeks of the current quarter, LightPath has had sales orders of $1.3 million. Even with increased revenues, LightPath recorded a $3.1 million loss, or 29 cents per share, for the first quarter. LightPath had losses of $735,712, or 16 cents per share, during the same quarter last year. Revenues of $333,175 were up 14 percent from first-quarter 1999 revenues of $291,601. LightPath, which trades on the Nasdaq small-cap market, makes a line of high-quality optical glass for industry and a line of specialty fiber-optics communications products using its patented Gradium glass. The company has been approved by three communications equipment makers to build products for them. Lawson said other approvals are expected soon. The expansion will affect both LightPath's facilities in Albuquerque and LightPath's Horizon Photonics plant in Walnut, Calif. LightPath purchased Horizon Photonics in April in a cash and stock deal worth about $36.2 million. Horizon's effects on LightPath's books are expected to be good. Horizon's financial numbers were not included in LightPath's first-quarter results. Had they been included, LightPath's first-quarter revenues would have been $825,513. LightPath's expansion will play out in Albuquerque first. The first phase of the expansion, which includes refurbishing a third building on the Albuquerque campus and fitting it with new manufacturing equipment, should be completed in June, Lawson said. The expansion in California is expected to be completed in September. The expansion has been mentioned by LightPath before. However, it was initially planned as a smaller expansion, Lawson said. "At the time, we had not announced how much the board approved for the expansion," he said. "Now we have those numbers to share."