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Technology Stocks : Kopin Corp. (KOPN) -- Ignore unavailable to you. Want to Upgrade?


To: Will Lyons who wrote (627)4/14/1999 8:13:00 PM
From: kinkblot  Read Replies (1) | Respond to of 1820
 
Unless you like to chase momentum stocks, AIXTRON is probably not a good buy candidate now. Toby wasn't kidding when he said it had a high valuation.

From the press release announcing their 1998 results:

Aachen, March 17, 1999. AIXTRON continued its strong growth in the 1998 financial year. Once again the company posted record profits, exceeding its internal targets. Consolidated revenues rose 39 per cent to DM 107.9 million and earnings before tax increased 155 per cent to DM 23.7 million. Earnings after tax stood at DM 11.0 million. DVFA group profit likewise rose over-proportionally by 79 per cent to DM 11.4 million - corresponding to DVFA profit per share of DM 2.28. ...

Official Fixing Rate is 1.955830 DM per Euro
AIX closed today at 204.5 Euro = 400 DM
AIX therefore has a P/E ratio of ~ 175 !!! {DVFA standards}

If you're still interested, AIX is on the Neuer Markt of the Frankfurt Stock Exchange.
Your broker may have the ability to purchase stock for you there.

Home page - aixtron.com

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AXTI produces compound semiconductor wafers but not device wafers, i.e. they do not do epi layers such as Kopin does in their MOCVD reactors. They grow large high-purity crystals by their "proprietary Vertical Gradient Freeze" process and sell wafers cut from them. Kopin purchases their GaAs substrate wafers from Alpha, I believe. AXTI would be a competitor of AHAA, not of KOPN.

WT