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Technology Stocks : Kopin Corp. (KOPN) -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (1249)	7/28/2000 11:54:22 PM
From: Jack Hartmann	Read Replies (2) \| Respond to of 1820

Thanks Steve for the info, My notes on KOPN Revs 6.7M to 8.6M to 9.7M to 13.6M to 19.7M to 24.3M Jun00 EPS 0.01 to 0.01 to (0.01) to 0.02 to 0.04 to 0.06 Jun00 per dailycharts.net EPS 0.07a to 0.07 to 0.06 Jun00 per breifing.com which is wrong!!!!! 52-Week Low on 28-Sep-1999 $6.25 Recent Price $23.00 52-Week High on 10-Feb-2000 $49.875 Market Capitalization $1.45B Shares Outstanding 62.9M Float 59.2M P/S not current on Yahoo (more fog) From PR -- Net income climbed to $3,815,000 or $0.06 per fully diluted share, from $147,000 or $0.00 per fully diluted share, in the second quarter of 1999, and increased 68 percent from the sequential quarter. -- Revenue from GaAs HBT products increased 194 percent to $19,487,000 from $6,624,000 for the second quarter of 1999, and 19 percent from the first quarter of 2000. -- CyberDisplay revenue increased 258 percent to $4,845,000 from $1,354,000 for the second quarter of 1999 and up 69 percent from $2,875,000 in the first quarter of 2000. HBT Outlook Commenting on Kopin's business outlook, Fan said, "We have just completed a record quarter for sales of our gallium arsenide products and we believe the long-term fundamentals for the wireless handset market are still very positive. However, as Conexant, our largest customer, discussed last week and Nokia indicated just yesterday, it appears that third-quarter wireless handset sales will be flat. Given that outlook, we expect that our HBT sales will be flat in the third quarter, but will resume sequential growth in the fourth quarter." Scary statement CyberDisplay Outlook Kopin continues to experience strong growth, which has been fueled by orders from companies including Matsushita (Panasonic) and JVC, as well as new orders from Samsung Electronics. In May 2000, Samsung introduced in Europe and the United States six new camcorder models equipped with the Kopin CyberDisplay 320. Companies comprising 60 percent of the world camcorder market now use Kopin's CyberDisplay. Reflecting the consistent growth of its CyberDisplay business, Kopin this morning announced a $2.3 million contract to establish CyberDisplay 1280 production capability for the U.S. Army's COMANCHE helicopter program. "During the quarter we continued to extend our position as the enabling technology for imaging applications," Fan said. "The U.S. Army's order is another example of the depth and versatility of our CyberDisplay, and of our ability to produce the display to the exacting specifications." Strategy "Kopin's HBT strategy is to partner with the leading circuit manufacturers in each of the world's dominant wireless handset platforms as well as in the exploding market for broadband fiber optics," Fan said. "In our CyberDisplay business, Kopin's mission is to continue to grow its market share in camcorders while securing design and production wins for digital cameras, 3G wireless handsets and other next-generation communications devices that will require state-of-the-art display content. Capacity expansion remains the key to successfully executing this strategy and to enabling Kopin to strengthen its position as a high volume producer in each of these markets. We continue to be excited about our future and believe we are well positioned to be a market leader." Dr. John Fan Interview 7/27/00 radiowallstreet.com - Cyberdisplay used in still cameras and camcorders and future 3G phones - HBT transitor is faster but more expensive than others. Supply limited last quarters, building a second site to be operational this October. Seeing a temp slowdown due to Korea and only looking for single digit growth and resume double digits growth next quarter. - Korea slowdown due to end of subsidy of phones and they are not buying them as quickly in July and probably August - Selling GSM, TDMA, and CDMA. Most shippents are GSM/TDMA due to Korea. - CNXT is shifting products product line to GSM market - NT OC192 10 Gb market is growing rapidly. Sole supplier for them. This is 15% of revenues vs. zero a years ago. (Doesn't sound right mathwise) - Matshushita, Samsung, and Panasonic/JVC are major customer for cyberdisplay - Cyberdisplay growth from shipment of 100K/mo to 200K/mo. Met 200K goal this month - trying to increase capacity further. - 400-425M handsets built for worldwide phones this year - 2004 has handset projection of 1B worldwide - Looking for CNXT HBT growth of 50% next year - Dual mode phone - Kopn get 80 cents per - Display side phone - 50? cent per phone (couldn't get right figure) - Recruiting people not difficult because people want to join #1 - Korea is flat 3Q and up 4Q, next year robust. Political decision on subsidy not hurt fundemental demand. South America and China will open up soon. - US Army - worked 2 years for comanche program for helicoper helmet. - New products - VGA cyberdisplay in digital camera and 3G phones CC Notes 7/27/00 corporate-ir.net. - 60K sqft expansion - Now have 60% of camcorder display market - Many other displays not have KOPN resolution - Feel that cyberdisplay quality will allow selling displays into future 3G phones - Cyberdisplay rev up 258% y2y - Strategy for HBT is to build partnership with wireless leaders Q&A - Anticipate 19.4M in HBT revs next Q, essentially flat or single digits - Other handset mfrs said will see strong 4Q, so CNXT consistent with NOK and ERICY statements - Takes one quarter to retool reactor and design HBT for customer - CNXT was 47% of total KOPN revenue this quarter - Cycle time for HBT is three hours. GSM mix is different. Reluctant to increase inventory for unexpected demand since order is different from customers. - 200K displays/mo met by end of July. - Other customer in wireless handsets such as Mitshubishi -#2 or more than 10% of HBT. Will double in HBT next six months. Shipping GSM mostly. - NT fiber optic rev will double next months - Seeing flat orders for CNXT, no cancellation of orders - Display is capacity limited for three customer. Most monochrome since that is the demand. Have small order for color in digital cameras. Cell phones for 3G is test products. - Fan feel high resolution is desirable but bandwidth limits to 2G VGA in color. KOPN can make much higher quality color resolution 1280x 1024 for the army, but demand for this 3G resolution of this quality is 2-3 year off. - 56% rev of total rev in Q1 was from CNXT - Shipped NT and Agilent some InGap chips for fiber optics, will double shipments in next six months - Cannot take any more digital camera orders due to capacity limited. 330K/mo run rate for display by Dec - HBT sales flat since resources for CNXT were dedicted and shifted to GSM for CDMA. Cannot shift instantly to GSM from CDMA. Most shipments to CNXT is GSM. First KOPN call I had listened to. Almost sold Thursday night on the CNXT FUD out there and briefing.com earnings numbers. Briefing.com not adjusted EPS for split making it look worse than it was. Jack