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DIGL had always been know for a low number of shares outstanding, creating a high Beta stock because Dr. Zwan has held onto most of the shares himself. He's never needed the money so dilution wasn't a problem here.
Got a link on that?
Wrong on shares , fully diluted around 250,000,000. Dr Zwan converted this $34 mln loan at $.15 cents a share. Going to cause a lot of dilution.
If it's Dr. Zwan, he'll have to file a Form #4 with the SEC soon.
It's hard to tell if it's the cart leading the horse or the other way 'round! Too bad there's not something on which to base a guess.
The volume the last week has been healthy, the price rise significant. It did it a year ago, too, if I remember. Point and Figure on a percentage basis makes it look rather dramatic, also.
I'm not certain I'm learning anything from that chart, other than confirming what we already know - it's been a rocket sled for a week or so.
Best regards, Tom
It could be Zwan pumping up the stock himself in anticipation of a buy-out. That would be fine with me with only 35 million outstanding. He owns a big chunk of shares and I'm sure he wants as much per share as he can get which might filter down to us. I just find it interesting that the shares have been climbing on NO news...
Hadn't heard anything but the chart looks like it's in a pullback from this morning, might be a good time to get in.
It's almost a triple what it was 2 weeks ago and it may be good for at least a double from here. This stock never ceases to amaze me and it's Dr. Zwan that makes it happen. He may have finally bumped into someone who wants to buy it. They may want his technology, the patented fiber optic test equipment. Only 35 million shares outstanding. Is this stock accumulation a takeover?
FlSun
There has been a "surege" in the price this past week. Any chance Zwan is trying to get this baby back up to NASDAQ status?
Thanks for the info. It would be nice if the company made a come-back but it seems like Zwan plays around too much with the stock. Investors shy away when they feel that the market is less influential on the stock than the CEO.
When DIGL needs more money, Dr Zwan, the founder, figuratively pulls out his checkbook and gives 'em a million or so loan. That's better than more dilution. They used to have offices in a beautiful location right by the Bayside Bridge. Now they're moved into smaller digs not far away, at 5775 Rio Vista, Clearwater, FL. I remember the days when DIGL was big on NASDAQ, a few years ago. Then an oversupply in fiber optic lines came and DIGL's revenue went down.
I tried calling them after the bell and found 2 numbers that work, 727/252-0144 and 727/531-7100 with no response from either. I may have called too late.
Possibly, fiber optic cable is coming back creating more demand for DIGL's fiber optic line test equipment. Or this "no news" rally may be the activity of an investor who wanted to accumulate close to the 52 week low, DIGL had last Wednesday, 02/07/07.
At one time in an annual business survey published by the St Petersburg Times, DIGL was listed as the biggest national company in Pinellas County, which includes St Petersburg, Clearwater, Pinellas Park and Tarpon Springs.
It was as high as 23 cents today, closing at 17.7 cents. We'll see if this continues, tomorrow.
FlSun
No new news showing.....
TV
Thanks for the update. Its a sad story really. I bought and sold shares about 6 years ago because the woman who was the secretary for my department left us to take a job with Digital Lightwave in Clearwater. She sent back so many positive emails that I bought some stock (which at the time was trading at $7.00/share). Sure enough within months it shot up to over $120. I got out at $78 and made a very nice little profit. Didn't think about the company again until last year when out of curiousity I looked up and saw that it was delisted. How far the mighty fall. The secretary? they paid her partially in stock and she got out rich. Not the same for others. To go from $140/share to .14. Its really incredible.
There's not much left here. The head of the company through another corporation he owns is essentially taking the stock "private" in that he has diluted the stock tremendously by issuing shares to the other corporation in exchange for credit.
Probably not much hope of anything happening here.
Best regards, Tom
Anybody still in this company? I used to own shares back when it was trading at $78 (years ago before it got delisted). It took a hit today.
DIGL has been "delisted" and is now a Bulletin Board stock. Here's the new (and maybe temporary) ticker.....
DIGL.OB
Best regards, Tom
Hi B, I've been maintaining this thread unofficially for a while. Currently there's not board moderator.
I'm a share holder of DIGL.
Best regards, Tom
Anyone? os and as?
What is os and as here?
We had yet another chance to turn in some profit with DIGL. While not the most consistent performer in the account, it has been generous at times.
Many AIM opportunities have presented themselves in the last three years. Not all would have been wise as some buying at too high a price might have been done.
Best regards, Tom
Re: Quick round trip...
I bought additional DIGL shares on Monday at $1.31 and sold some yesterday at $1.90. Nice 45% LIFO gain on those shares. I'll update the graph for the trades a bit later today.
Best regards, Tom
Here's my trade history with DIGL so far. It's only recently returned to profitability for me.....
I wish I could say what's let this rocket, but there's no news that I can find to justify the rise from around $0.80 a few weeks ago to well over $2.00 today. I don't mind since I own a rational number of shares of the stock.
It could be part of the sector rotation back toward Telecom Equip. stocks we've seen since Jan. 1st. Telecom was the DOG of the S&P500 sectors in 2003, so maybe it will be '04s darling.
Best regards, Tom
Thanks UC, I'm maintaining my position but haven't added any shares in quite some time for lack of cash committed to this stock by me.
I'll post when next I get a trade.
Best regards, Tom
Three new filings (July 16, 17 & 18 '03): added a position on the BOD and filled it, two previous execs excersized options.
DIGL now up over 200% since recent low price of $0.63/share. Nice run!
This seems to be true of many of the telecom equip companies right now.
Best regards, Tom
Here's the Short Interest on ADCT through mid October:
DATE SHARES SHORT DAILY VOLUME RATIO
10/02 4,430,616 8,202,462 0.54
09/02 3,834,399 9,883,471 0.39
08/02 4,621,839 6,675,161 0.69
07/02 4,109,887 6,917,860 0.59
06/02 5,027,055 6,322,374 0.80
05/02 6,766,766 4,828,851 1.40
DIGL's price per share has now risen from its early October low of $0.63 to today's closing price of $1.36. A remarkable percent change if not that much in total. Still it seems to be part of a larger signal that the telecom sector, so long the Bad Boy of the investment community, has finally bottomed out.
http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=175&chart1=ma&s=DIGL&am...
Best regards, Tom
DIGL and JDSU partner to provide package........
http://biz.yahoo.com/bw/020916/162037_1.html
Best regards, Tom
Great News for Investors
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Added 36% more shares to my DIGL account today at $3.30.
Best regards, Tom
Digital Lightwave CEO Zwan Upgrades Stake To 60.4% From 57.7%
http://biz.yahoo.com/djus/020513/200205131526000724_1.html
I think he now owns more shares than I do......
Best regards, Tom
This last week I added shares to my DIGL account as price/share dropped below $5/share. I added over 20% to my position at $4.90.
I reported this trade in the AIM newsletter this week and have added a new page to highlight it at my web site.
http://www.aim-users.com/digl.htm
This will document my trade activity over time in graphic form like shown below.
(Price/share, 26 week eM.A., "hold zone" shown in yellow at right)
I anticipate several more buy and sell "round trips" before the telecom equip. companies finally get into the recovery mode.
Best regards, Tom
DIGL has arranged for a line of credit should the right acquisition come along......
http://biz.yahoo.com/bw/020417/170353_1.html
I'd like to see them start to turn the corner on profits before taking on any debt, but then I'm conservative that way. Interest rates are low and if they can turn debt into profitable sales, I guess this is as good a time as any to attempt it.
Best regards,
Tom
DIGL misses estimates by one penny, but revenues improved over last quarter.......
http://biz.yahoo.com/bw/020417/170347_1.html
Hi Joe, Is this the kind of reversal you're looking for? I've been waiting on the sidelines for a long time on DIGL. It's starting to look attractive with the Williams%R shooting up on a daily basis.
http://stockcharts.com/def/servlet/SC.web?c=DIGL,uu[h,a]dahlyyay[pb50!b130][vc60][iLk14]&pref=G
Best regards, Tom
From Yahoo:
http://biz.yahoo.com/bw/020226/260372_1.html
Digital Lightwave Signs Outsourcing Agreement With Jabil Circuit for Advanced Optical Manufacturing Services
Agreement with global leader in technology manufacturing focuses resources and provides a lower-cost solution
CLEARWATER, Fla.--(BUSINESS WIRE)--Feb. 26, 2002--
"Digital Lightwave®, Inc. (Nasdaq:DIGL - news), a leading provider of optical networking products and technology, today announced that it has entered into a manufacturing agreement with Jabil Circuit, Inc. (NYSE:JBL - news). Jabil Circuit is a leading provider of technology manufacturing services with a customer base of industry-leading companies. Under the terms of the agreement, Jabil Circuit will serve as Digital Lightwave's primary contract manufacturer for the company's circuit board and product assembly and will also provide engineering design services.
``This agreement with Jabil represents an important step in our strategy to reduce operating expenses and focus our resources on sales, product line enhancements and new market opportunities,' said Dr. Bryan Zwan, chairman, president and chief executive officer of Digital Lightwave. ``Jabil's expertise in advanced optical manufacturing will enhance our ability to remain a leader, providing us with high-quality products and shorter lead times, while mitigating the risks of carrying inventory during economically driven shifts in customer demand.'
As announced on January 15, 2002, the successful migration of the company's current product line to its next-generation platform has enabled Digital Lightwave to begin outsourced production and manufacturing activities. The company expects to complete the transition during the first quarter of 2002."
---------------------------------------------------
I've been studying DIGL for some time but haven't yet bought any stock.
Best regards, Tom
Thinkerman the thing that is keeping DIGL down is the lack of numbers that is the only thing that will reverse it's downtrend. I don't see GOOD numbers for at least 2 more quarters look for the middle of next year. Put your money to better use for the next 6 months instead of waiting for DIGL to come to life. MM
I'm waiting for a buy alert on DIGL on stockcharts.com
http://stockcharts.com/webcgi/gall.exe?Gall.web+digl
I think we need a reversal from it's downtrend in order to see a rally.
Good Luck,
Joemoney
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Digital Lightwave is a publicly held company (OTCBB: DIGL) whose headquarters are in Clearwater, Florida. The company's global presence — sales, service, and support offices as well as distribution partnerships — extends to more than 80 countries around the world.
We have substantially broadened our capabilities to enable us to serve all kinds of networks and the companies that build them, develop components for them, install them, and manage them. We enable our customers to know what's going on inside their networks so they can optimize performance and ensure service reliability.
Digital Lightwave is followed by the analysts listed below. Please note that any opinions, estimates, or forecasts regarding Digital Lightwave's performance made by these analysts are theirs alone and do not represent opinions, forecasts, or predictions of Digital Lightwave or its management.
Digital Lightwave does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions, or recommendations.
Pacific Growth Securities
Roth Capital Partners, LLC
Wachovia Securities
Digital Lightwave Corporate Overview
Digital Lightwave, Inc. provides the global fiber-optic communications industry with products and technology used to develop, install, maintain, monitor and manage fiber-optic communication networks.
Telecommunications service providers and equipment manufacturers deploy the Company's products to provide quality assurance and ensure optimum performance of advanced optical communications networks and network equipment.
The company's products are sold worldwide to telecommunications service providers, telecommunications equipment manufacturers, equipment leasing companies and international distributors.
Investor Resources
For the most up-to-date information, this site provides links to our filings with the U.S. Securities and Exchange Commission (SEC), as well as e-mail alert services, stock performance charts, and other resources.
As of 12-03-07 Digital lightwave had an o/s of 255.5 million shares. Digital Lightwave Restructures Debt and Secures $2.5M Line of Credit
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