To: Jenna who wrote (29029 ) 3/23/1999 6:25:00 PM From: Jenna Respond to of 120523
Profile E-TEK - A Market Gem - The Ascending Trianglemarketgems.com from today's watch list I've gotten bullish on this company in my ongoing search for quick downloads, more data etc - IN a word B-A-N-D-W-I-D-T-H. ITs 5 Yr Growth estimate: 95.2% ...E-Tek can't seem to produce its photonic components fast enough to satisfy the needs of telecom systems first like Lucent Technologies Inc. and France's Alctel Alsthom. And its financial results have reflected that. The company has grown sales and profits steadily for five years. In its fiscal second quarter ended Jan 1, earnings rose 38% to 11 cents a share. Revenue jumped 53% to $38.7 million. E-Tek's product line is dominated by "passive" photonic components, so called becasue they filter and purify light signals instead of creating or strengthening them. (Photonic Components) The fragmented nature of the photonics industry offers many opportunities to add products and technology, E-Tek's December initial public offering raised its war chest to over $80 million, giving it plenty of cash to make the necessary acquisitions. Meanwhile, the telecom boom [ed. comment, my favorite] continues, and demand for fiber-optic components shows no signs of slowing. The global market for passive components will reach $2.9 billion by 2003, up from about $87 million in 1998, says research firm ElectroniCast. But the active - device market will grow even faster - to $12 billion from $4.1 billion. E-Tek's revenue should grow 48% to $158 million in fiscal 1999 and 30% to $205.5 million in 2000. Analysts expect earnings to climb 34% to 43 cents a share in fiscal 1999 and 23% to 54 cents in fiscal 2000. Excerpts of article courtesy of Investor's Business Daily