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Technology Stocks : PHTN--Photon Dynamics, anyone follow this company -- Ignore unavailable to you. Want to Upgrade?


To: W D J Moore who wrote (918)2/11/2002 11:49:07 AM
From: Pink Minion  Respond to of 930
 
Photon Dynamics (PHTN) 42.15 +1.05: -- Before Open -- CIBC Wrld Mkts initiates coverage with a Strong Buy rating and price target of $72

What a surprise

biz.yahoo.com

Photon Dynamics offers 2.5 mln shares
SAN JOSE, Calif., Feb 1 (Reuters) - Photon Dynamics Inc. (NasdaqNM:PHTN - news) on Friday said it is offering 2.5 million shares of common stock in a public offering at a price of $40.14 per share.

Its underwriters include Merrill Lynch & Co., CIBC World Markets Corp., and Needham & Co. The underwriters have an option to purchase up to an additional 375,000 shares of common stock from the company solely to cover overallotments