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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: carepedeum2000 who wrote (30081)	7/19/2000 4:14:19 PM
From: Bob	Respond to of 57584

Company Press Release SOURCE: NEC Research Institute NEC Succeeds in Superluminal Light Propagation PRINCETON, N.J., July 19 /PRNewswire/ -- Scientists at NEC Research Institute (NEC) the US basic research unit of NEC Corporation (Nasdaq: NIPNY - news), have proven light can travel faster than its acknowledged speed in vacuum* in a successful experiment in superluminal light propagation. Despite exceeding the vacuum speed of light, the experiment is not at odds with Einstein's theory of relativity and is explainable by existing physical theory. The research work, which may result in significantly faster information transfer speeds across networks and in computers, is to be published in the July 20th issue of Nature in a paper by NEC research scientists Dr. Lijun Wang, Dr. Alexander Kuzmich and Dr. Arthur Dogariu. In the experiment, NEC scientists measured the time taken by a pulse of light to pass through a 6cm-long specially prepared chamber containing cesium gas**. The 3-microsecond long pulse of light would normally take only 0.2 nanoseconds to pass through the chamber in a vacuum. But when passed through the specially prepared chamber, light emerged 62 nanoseconds earlier than it would have had it passed through the chamber in a vacuum. This unusual phenomenon is the result of ``anomalous dispersion'', an effect not seen in nature in transparent materials and is created by the non-natural thermal state of the cesium gas used in the chamber. A pulse of light consists of many components, each at a different wavelength as can be seen when sunlight passes through a prism in ``normal dispersion'' and is broken down into its constituent colors. The effect of anomalous dispersion on the wavelengths of the components of light, however, is to modify them. Anomalous dispersion causes components with a shorter wavelength in a vacuum to have a longer wavelength in the chamber and conversely, components with a longer wavelength in a vacuum have a shorter wavelength in the chamber. Unlike with normal dispersion, anomalous dispersion has the extraordinary effect of enabling a light pulse to appear again at a distant point along its direction of propagation and produce the exact shape of the light pulse that entered the chamber. A light pulse can thus traverse the distance between two points faster than its vacuum speed. ``Our experiment shows that the generally held misconception that nothing can move faster than the speed of light, is wrong. Einstein's Theory of Relativity still stands, however, because it is still correct to say that information cannot be transmitted faster than the vacuum speed of light,'' said Dr. Lijun Wang. ``We will continue to study the nature of light and hopefully it will provide us with a better insight about the natural world and further stimulate new thinking towards peaceful applications that will benefit all humanity.'' About NEC Research Institute NEC Research Institute, founded in 1988 and based in Princeton, conducts basic research in the areas of computer and physical sciences. Its major research elements include Web computing; robust computing; intelligence; vision and language; devices; materials; optics; nano physics; biophysics, theoretical computer sciences and physics. For more information about the Institute, please visit its Web site at neci.nj.nec.com. About NEC Corporation NEC Corporation (Nasdaq: NIPNY - news; FTSE: 6701q.l) is a leading provider of Internet solutions, dedicated to meeting the specialized needs of its customers in the key computer, network and electron device fields through its three market-focused in-house companies: NEC Solutions, NEC Networks and NEC Electron Devices. NEC Corporation, with its in-house companies, employs more than 150,000 people worldwide and saw net sales of 4,991 billion Yen (approx. US$48 billion) in fiscal year 1999-2000. For further information, please visit the NEC home page at: nec-global.com. NOTES: Refers to the speed of light in a vacuum which is defined as 299,792.4580km/sec. Natural Cesium can exist in 16 possible quantum mechanical states, called ``hyperfine ground state magnetic sublevels''. NEC scientists drove almost all cesium atoms to only one of the 16 possible quantum mechanical states which corresponds to almost absolutely zero degree temperature in the Kelvin scale (-273.15 degrees Centigrade) and not a naturally occurring temperature on earth. This was achieved through ``optical pumping'' using lasers, themselves not a naturally occurring phenomenon. SOURCE: NEC Research Institute

To: carepedeum2000 who wrote (30081)	7/19/2000 4:17:16 PM
From: ALTERN8	Read Replies (1) \| Respond to of 57584

So much negativity everywhere. Everyone selling and looking for Nasdaq 3800 before we bounce back. I must take the paradoxical view here and say everyone has been set up to allow for a lot more money to flow in the market at lower prices. We'll know by Friday, it's only over the hump day.

To: carepedeum2000 who wrote (30081)	7/19/2000 4:59:26 PM
From: JLS	Read Replies (2) \| Respond to of 57584

Gene Marcial is Business Week's Inside Wall Street columnist Except for deep-pocketed, well-connected big investors, few people manage to buy into initial public offerings -- especially the hot ones. One recent IPO scorcher was Stratos Lightwave (STLW), which jumped to 50 a share on its opening day on June 27, up from its offering price of 21. It has since sagged to 33. But some pros in the know argue that the stock is now a great buy -- especially for those who were kept out of the stock's IPO. Stratos makes subsystems and components for fiber-optics networks, including transreceivers, connectors, and cable asemblies. These components are incorporated into the optical networking products of such companies as Nortel Networks (NT), Cisco Systems (CSCO), Agilent (A), Lucent Technologies (LU), and Alcatel. Stratos is one new issue that is definitely still undervalued and deserves serious post-IPO attention, argue some money managers who have been buying at the stock's current levels. Stratos, they believe, is headed into the stratosphere -- where the other stocks in the fiber-optic components group have gone. SHHH. One reason for Stratos' flattish behavior since hitting the mid-30s: The company is still in its four-week "quiet period," when both it and its underwriters aren't authorized to publicly comment on the stock. That quiet period ends on July 21. So the pros expect the stock to bolt again after that day, when analysts, the company, and its fans can start talking up Stratos in full force. Some pros who know the company -- and who were in on the IPO -- have been buying more shares in the open market. One such investment manager in San Francisco is convinced that the stock could hit 100 in 12 months, based on Stratos' products and the big moves that the company's peers have made. This money pro declined to be identified because he's privy to some insider analyses and estimates on Stratos, being very close to some of the IPO's underwriters, which were spearheaded by Lehman Brothers and CIBC World Markets. "The stock is way undervalued when compared to the market cap of Stratos' rivals, including Avanex (AVNX), New Focus (NUFO), and Sonus Networks (SONS)," says the money manager. UNPROFITABLE PEERS. One analyst estimates that Stratos will generate revenues of about $110 million in 2000 and around $170 million in 2001. And he expects the company to continue making money. He figures that Stratos will earn 12 cents a share this year and 22 cents in 2001. At its current price of 34, Stratos has a market cap of $2.1 billion. Compare these numbers those of its peers and you'll realize how undervalued Stratos is, argue some of its supporters. Avanex, which is expected to post revenues of $50 million this year, trades at 162 a share, has a market cap of $10.5 billion, and it has yet to make money. New Focus, also expected to post revenues of $50 million in 2000, is trading at 132 a share, with a market value of $7.7 billion. It isn't making money yet, either. And Sonus, also not yet profitable, is expected to post sales of $30 million this year. Trading at 186 a share, Sonus has a market cap of $11 billion. When investors hear more about this, shares of Stratos should get a lot more attention, says an analyst at one of the underwriting firms. No matter how you slice it-- by products, customers, or market capitalization -- "little-known Stratos is way underpriced when compared to its close rivals," says the analyst. For more discussion on this, go to clearstation.com.