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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (36253)	4/25/2001 7:50:36 PM
From: Venkie	Read Replies (1) \| Respond to of 65232

insp looks intresting

To: stockman_scott who wrote (36253)	4/25/2001 8:44:48 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

OCPI -- OCPI Beats!: Optical Communication Products Inc. Announces Financial Results for Quarter Ended March 31, 2001 Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--April 25, 2001--Optical Communication Products Inc. (Nasdaq:OCPI), a manufacturer of fiber optic subsystems and modules for metropolitan area networks and high-speed premises networks, today reported financial results for the quarter ended March 31, 2001, which is the second quarter of OCP's fiscal year ending September 30, 2001. Revenue for the second quarter of fiscal 2001 increased 89.7% to $47.9 million from $25.3 million for the same period in fiscal 2000, and increased 14.3% compared with $41.9 million for the first quarter of fiscal 2001. Net income for the second quarter of 2001 increased 98.6% to $12.0 million from $6.1 million for the same period in fiscal 2000, and increased 11.3% from the first quarter of fiscal 2001. Earnings per diluted share for the second quarter of fiscal 2001 increased 83.3% to $.11 per share compared with $.06 per share for the same period in fiscal 2000, and increased 10.0% from the first quarter of fiscal 2001. Net income for the second quarter of 2001 included approximately $865,000 of interest income, net of related income tax expense, derived from investment of the net proceeds of our initial public offering which was completed on November 3, 2000. Revenue for the first six months of fiscal 2001 increased 124.1% to $89.8 million from $40.1 million for the same period in fiscal 2000. Net income for the first six months of fiscal 2001 increased 145.2% to $22.9 million from $9.3 million for the same period in fiscal 2000. Earnings per diluted share for the first six months of fiscal 2001 increased 133.3% to $.21 per share compared with $.09 per share for the same period in fiscal 2000. "We are extremely proud of the results that our team has achieved in our second fiscal quarter of 2001, considering the current market environment of the fiberoptic communication sector," said Dr. Muoi Van Tran, OCP's Chairman and CEO. For the present, the Company maintains its previous guidance of annual revenue growth in fiscal 2001 to be about 60%. However, the next few quarters will be particularly challenging due to lack of visibility of customer requirements and the current slow down in the communication sector. About OCP OCP designs, manufactures and sells a comprehensive line of high performance, highly reliable fiber optic subsystems and modules for metropolitan area networks and high-speed premises networks. OCP's subsystems and modules include optical transmitters, receivers, transceivers and transponders that convert electronic signals into optical signals and back to electronic signals, enabling high-speed communication of voice and data traffic over public and private fiber optic networks. For more information visit OCP's web site at www.ocp-inc.com. OCP was founded in 1991 and has its headquarters in Chatsworth, California. Furukawa Electric Co. Ltd., based in Tokyo, beneficially owns 61.4% of OCP's outstanding capital stock as of April 25, 2001.