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To: HammerHead who wrote (24072)6/3/2000 1:33:00 PM
From: johnsto1  Respond to of 42787
 
POCI and Hot DWDM
Last ***news*** indicates that we should see some major news very soon.
*****NEWS*******
The Company has continued its investments in research and development and capital equipment, particularly in the DWDM and other telecommunication areas. Efforts were focused on improving manufacturing processes for 200GHz filters and development of 100GHz filters. Prototypes of 100GHz filters were displayed at the Optical Fiber Communication (OFC) Conference in Baltimore last month, and prototypes have been provided to several potential customers for evaluation.
As previously announced, shipments of 200GHz DWDM filters to a major customer resumed in late December 1999. Shipments of DWDM filters during the quarter were limited by production inefficiencies and represented 12.5% of total revenues for the third quarter. However, DWDM filter production began improving significantly in early April. DWDM filter shipments for the month through April 28 were made at a weekly rate already 2 1/2 times the average weekly rate of shipments made in the quarter ending March 31, 2000. The Company believes that shipments will continue to increase over the next several months as the manufacturing process is further refined. The Company continues to work closely with a number of current and potential customers to evaluate and refine prototype filters.
As also previously announced, the Company has received an order for $2.0 million from a new customer for 200GHz channel separation DWDM optical filters used in telecommunications systems. This brings the Company's current order backlog for DWDM filters to approximately $3.6 million. Approximately $130,000 of this new order is scheduled for delivery in the quarter ending June 30, 2000. The balance of the order is scheduled for delivery between July 2000 and June 2001.
chart.yahoo.com.