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To: Johnny Canuck who wrote (34401)9/22/2001 4:49:48 PM
From: Return to Sender  Respond to of 67850
 
You may want to take a look at CLTK. They got a next generation design win with an unnamed major handset manufacturer a while back. In addition they sell products to major defense manufacturers. Book value of $11.37 with $100 million in cash. Closed Friday at 11.76 and may test previous yearly low at 9.8125. Burning cash now but I like the end markets for Celeritek and think you will too if the stock falls into the buy range.

Market Capitalization $150.8M
Shares Outstanding 12.0M
Float 7.00M

Celeritek, Inc. designs and manufactures gallium arsenide (GaAs), semiconductor components and GaAs-based subsystems used in the transmission of voice, video and data over wireless communication networks. The Company's products are designed to facilitate broadband voice and data transmission in mobile handsets and wireless communication network infrastructures. The Company's GaAs semiconductor components mainly consist of power amplifiers for mobile handsets, which employ code division multiple access wireless technology.

finance.yahoo.com

RtS