To: Galirayo who wrote (8873 ) 8/28/2000 8:54:53 PM From: N/E PATSFAN Read Replies (1) | Respond to of 9262 [MXC] An update ... from the 10Q:biz.yahoo.com >> Results of Operations - For the quarter ended July 2, 2000, net sales from continuing operations increased $2,932,000 or 87% over the comparable quarter in 1999. During the six months ended July 2, 2000, net sales increased $5,958,000 or 104% over comparable period in 1999. The higher backlog at the beginning of 2000 ($6.4 million) as compared to that at the beginning of 1999 ($2.3 million) and the continued strong bookings during the current year are the main reasons for these sales increases over last year. The strong market demand from the telecommunications, networking and wireless markets are mainly responsible for the increases in the sales, bookings and backlog amounts. The backlog at July 2, 2000 is $12.8 million compared to $5.2 million at July 4, 1999. During 2000, the Company has experienced some late shipping deliveries with some of its products. The Company is continuing to work with its supplier base and to increase its manufacturing capacity to improve its delivery performance. During the quarter ended July 2, 2000, the gross profit percentage was 30% compared to 17% in 1999. For the six months ended July 2, 2000, the gross profit percentage was 30% versus 16% in 1999. The higher margins during the current year results mainly from the favorable effects of allocating the fixed overhead expenses over the increased sales volumes. Overall direct labor and material costs decreased slightly as a percentage of sales from 1999 mainly as a result of changes in sales mix. << Also of note in the qtrly report to shareholders was a sampling of their valued customers: Nortel Alcatel Lucent Cisco Sycamore Systems Solectron Flextronics Celestica CEO summation: "Optical networks are the technology of choice for wide bandwidth and high data rate transmission. Because of the convenience of wireless connectivity, optical networking and wider bandwidth are increasingly popular. This results in increased demand for higher frequency and higher performance timing devices, i.e. crystal oscillators. In an optical network, information is transmitted as light waves, and wherever the signal is generated, regenerated, filtered or processed, radio waves or electronic components are utilized. As a result, the growth of optical networking and wireless communication will add demand for high quality, high performance electronic timing devices."yahoo.marketguide.com >> Valpey provides a wide-frequency range of crystals and oscillators including standard and custom-designed product. Capabilities include high-reliability, precision crystals and oscillators used in sophisticated industrial, military and aerospace applications; ultra-high frequency crystals used in crystal filters and oscillators for OEM telecommunications and microwave applications; and high-volume, low-cost crystals and oscillators for consumer and commercial applications. << Snip ... >> The high-precision optical components include windows, mirrors, lenses and prisms made from sapphire, quartz, and a wide range of other materials. These components are utilized in a variety of sensors, imaging, and other types of photonic-based instrumentation. << Boston area is hotspot for optical companies: SCMR,AVCI,etc. As you know I already own some ... may be time to finish loading the boat, NEPF