To: spal who wrote (104783 ) 6/8/2000 12:29:00 PM From: H James Morris Respond to of 164684
spal thanks, I just put in an order to buy some Img. The reason I think Scon will out perform the others is because of that lovely word Wall Streets likes... WIRELESS!!!! Btw My current position is much stronger in Amsc than the rest.:-(( >Santa Barbara, California, June 2 (Bloomberg) -- Shares of Superconductor Technologies Inc. rose 13 percent, a day after the company said it won 79 percent of the first-quarter market for superconducting filters aimed at reducing interference on wireless networks. The shares were up 2 43/64 to 23 3/16. They surged 47 percent yesterday, though about half of the 70 units the company sold in the quarter went to U.S. Cellular Corp. Superconductor Technologies agreed last year to give U.S. Cellular, a Chicago-based wireless company, a warrant to buy one share of its stock for every $25 in product purchases as part of a five-year sales agreement. Superconductor Technologies has disclosed the relationship with U.S. Cellular in U.S. Securities and Exchange Commission filings. The company, based in Santa Barbara, California, said the information wasn't relevant for yesterday's news release. The company, which had 1999 sales of $7.1 million, estimates the market for superconducting wireless filters at about $230 million. Superconductor technology allows electricity to pass through materials cooled to very low temperatures will little or no resistance. Shares of competitors Conductus Inc. and Illinois Superconductor Corp. also rose. Conductus, based in Sunnyvale, California rose 2 5/8, or 19 percent, to 16 1/4 after jumping 63 percent yesterday. Illinois Superconductor, based in Mount Prospect, Illinois, rose 15/32, or 11 percent, to 4 7/8. It was up 17 percent yesterday. Jun/02/2000 16:19 ET