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CirTran Forms Products Division to Sell Directly to Major Retailers; Also Reports Success in Two Legal Issues
Business Wire - December 02, 2005 08:15
SALT LAKE CITY, Dec 02, 2005 (BUSINESS WIRE) -- CirTran Corp. (OTCBB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, announced today that it has formed CirTran Products, which will offer products for sale at retail.
Iehab J. Hawatmeh, CirTran's founder and president, said the division will be run from CirTran's new Los Angeles office with Trevor Saliba, the company's executive vice president for worldwide business development, spearheading sales.
"CirTran is currently in the process of becoming a 'vendor of record' so as to sell directly to large retailers in the U.S.," he said. "It is our hope and expectation that consumer products built by our CirTran-Asia subsidiary, as well as products we will acquire for merchandising, will be on retailers' shelves by the end of the first quarter of 2006."
'Exciting New Venture'
Hawatmeh called the formation of CirTran Products "an exciting new venture for the company, its employees, and most of all, for our shareholders.
"CirTran will bring products to market that have existing demand, as well as products new to the U.S. consumer marketplace, including licensed merchandise in sports, racing and entertainment," he said.
"CirTran-Asia was formed in 2004, and has become a driving force in our achieving profitability over the last two quarters," Hawatmeh said. "Now our plan is to leverage and build upon that success with our new CirTran Products Division."
Two Victories in Court
Hawatmeh also announced two recent "victories" by CirTran in court.
He said U.S. District Judge Bruce Jenkins (U.S. District Court for the District of Utah) ruled in favor of CirTran-Asia, keeping its claims against International Edge Inc., in Utah. International Edge's affiliate, Telebrands, produces infomercials and markets products, including the AB King Pro, on TV in Europe.
CirTran-Asia's claims against International Edge are included in an action brought by CirTran-Asia against TV infomercial marketer Michael Casey, Michael Casey Enterprises Inc., David Hayek, one of Casey's business associates, and HIPMG Inc., Hayek's company which works with Asian manufacturers.
"International Edge filed a motion to dismiss, arguing it did not have sufficient contacts with Utah for the U.S. District Court in Utah to exercise personal jurisdiction over it," Hawatmeh said. "But Judge Jenkins rejected that argument and denied the motion. This decision is very positive because it will allow us to proceed more effectively and cost-efficiently against all defendants in the U.S. District Court here.
Hawatmeh also said that CirTran-Asia will file documents to collect attorney fees as part of legal action won against Mindstorm Technologies LLC of Boynton Beach, Fla. A default judgment was signed in October by Judge Sandra Peuler (Third Judicial District Court, Salt Lake County, State of Utah), awarding CirTran $288,000 for goods provided. As part of that judgment, he said that Judge Peuler awarded "fair and reasonable" attorney fees, plus interest, to CirTran.
About CirTran Corp.
Founded in 1993, CirTran Corp. (www.CirTran.com) is a premier international full-service contract manufacturer of low- to midsize- volume contracts for printed circuit board assemblies, cables and harnesses to exacting specifications. Headquartered in Salt Lake City, its ISO 9001:2000-certified, noncaptive 40,000-square-foot manufacturing facility is the largest in the Intermountain Region, providing "just-in-time" inventory management techniques designed to minimize an OEM's investment in component inventories, personnel and related facilities while reducing costs and ensuring speedy time to market. In 1998, CirTran acquired Racore Technology (www.racore.com), founded in 1983 and reorganized as Racore Technology Corp. in 1997.
Re: "from a reliable source very very interesting.."
Armyseal,
I bet you are refering to "Wise" from Yahoo? Hope you and "the source" are right. Just got back in today.
Mike
Re: "Read the recent PR's on RB"
Snow, for a basic DD, I'm using the "DD machine:"
http://www.ddmachine.com/default.asp?s=cncn.ob
If I like what I see, then I go through the pain of a better DD, reading through the SEC fillings, and many other sources. For a good selection of DD sites, check out:
http://www.finitesite.com/irishbull/
Best to you,
Mike
Re: ".04 but didnt have enough to buy the 200,000 like i wanted"
Akula, good for you. I had a large Buy order (several MM) some months ago, after the news about the Cornell came out. It didn't fill, so I bought more GDVI, VFIN (P/S of only 0.27), and CIRT, and hope at least two of them to follow in CNCN latest move. Check them out, you might like the prospects there.
Missed this train, so I got back into MOBL today (that gave me some 11+ MOMO return - been there since Dec. 03).
Good luck to you and the others here,
Mike
What's going on with CNCN? Did they got rid of Cornell?
I had it on my watch list for quite a while, and I see it went from below 0.03 (about a month ago) to 0.2. Very strange!
Just curious: anyone lucky enough to have bought it in the low 0.03's?
Mike
OT: "As Mad as Hell"
I wouldn't exclude some type of naked shorting to affect MOBL, the way apparently affects so many other pennies.
PS: Got some today
Mike
------------------
CirTran's Iehab Hawatmeh Commends and Joins Blasting of 'Naked Shorting' by Overstock.com President
Business Wire - December 01, 2005 08:15
SALT LAKE CITY, Dec 01, 2005 (BUSINESS WIRE) -- Iehab J. Hawatmeh, founder and president of CirTran Corp. (OTCBB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today commended and joined with the president of Overstock.com (NASDAQ: OSTK) in his public condemnation of "naked shorting."
"I am delighted to stand shoulder-to-shoulder here in Salt Lake or any place else with Overstock.com President Patrick Byrne in this very important matter," Hawatmeh said, commenting on Byrne's statement yesterday at a public forum on "naked short selling" conducted by the North American Securities Administrators Association (NASAA).
In his statement, Byrne called naked short selling "a growing problem within the securities markets. The Depository Trust & Clearing Corp. admits that 'failures to deliver' are as high as $6 billion per day. This is an incredible number," Byrne said.
'As Mad as Hell ...'
Hawatmeh concurred and underscored Byrne's anger and frustration with the practice.
"In 1976, the late Peter Finch, as anchorman Howard Beale, won an Academy Award for his performance in 'Network' in which he made his famous 'I'm as mad as hell and I'm not going to take it any more' speech," Hawatmeh said.
"I'd like to think that Mr. Byrne and I are 21st century versions of Howard Beale, and we too are 'as mad as hell' ... about naked short selling," Hawatmeh said. "It isn't fair, it isn't legal, and it's hurting honest, hard-working investors at the expense of scoundrels."
An Illegal Practice
Naked short selling, or naked shorting, is an illegal practice of selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. However, some investors and hedge funds have taken advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock.
The Securities and Exchange Commission addressed this practice two years ago, on Oct. 29, 2003, by implementing a new rule to ban naked shorting in order to protect thinly traded stocks that are vulnerable to aggressive short selling which would cause the stock price to fall.
OT: "As Mad as Hell"
CirTran's Iehab Hawatmeh Commends and Joins Blasting of 'Naked Shorting' by Overstock.com President
Business Wire - December 01, 2005 08:15
SALT LAKE CITY, Dec 01, 2005 (BUSINESS WIRE) -- Iehab J. Hawatmeh, founder and president of CirTran Corp. (OTCBB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today commended and joined with the president of Overstock.com (NASDAQ: OSTK) in his public condemnation of "naked shorting."
"I am delighted to stand shoulder-to-shoulder here in Salt Lake or any place else with Overstock.com President Patrick Byrne in this very important matter," Hawatmeh said, commenting on Byrne's statement yesterday at a public forum on "naked short selling" conducted by the North American Securities Administrators Association (NASAA).
In his statement, Byrne called naked short selling "a growing problem within the securities markets. The Depository Trust & Clearing Corp. admits that 'failures to deliver' are as high as $6 billion per day. This is an incredible number," Byrne said.
'As Mad as Hell ...'
Hawatmeh concurred and underscored Byrne's anger and frustration with the practice.
"In 1976, the late Peter Finch, as anchorman Howard Beale, won an Academy Award for his performance in 'Network' in which he made his famous 'I'm as mad as hell and I'm not going to take it any more' speech," Hawatmeh said.
"I'd like to think that Mr. Byrne and I are 21st century versions of Howard Beale, and we too are 'as mad as hell' ... about naked short selling," Hawatmeh said. "It isn't fair, it isn't legal, and it's hurting honest, hard-working investors at the expense of scoundrels."
An Illegal Practice
Naked short selling, or naked shorting, is an illegal practice of selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. However, some investors and hedge funds have taken advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock.
The Securities and Exchange Commission addressed this practice two years ago, on Oct. 29, 2003, by implementing a new rule to ban naked shorting in order to protect thinly traded stocks that are vulnerable to aggressive short selling which would cause the stock price to fall.
"As Mad as Hell"
CirTran's Iehab Hawatmeh Commends and Joins Blasting of 'Naked Shorting' by Overstock.com President
Business Wire - December 01, 2005 08:15
SALT LAKE CITY, Dec 01, 2005 (BUSINESS WIRE) -- Iehab J. Hawatmeh, founder and president of CirTran Corp. (OTCBB: CIRT), an international full-service contract manufacturer of IT, consumer and consumer electronics products, today commended and joined with the president of Overstock.com (NASDAQ: OSTK) in his public condemnation of "naked shorting."
"I am delighted to stand shoulder-to-shoulder here in Salt Lake or any place else with Overstock.com President Patrick Byrne in this very important matter," Hawatmeh said, commenting on Byrne's statement yesterday at a public forum on "naked short selling" conducted by the North American Securities Administrators Association (NASAA).
In his statement, Byrne called naked short selling "a growing problem within the securities markets. The Depository Trust & Clearing Corp. admits that 'failures to deliver' are as high as $6 billion per day. This is an incredible number," Byrne said.
'As Mad as Hell ...'
Hawatmeh concurred and underscored Byrne's anger and frustration with the practice.
"In 1976, the late Peter Finch, as anchorman Howard Beale, won an Academy Award for his performance in 'Network' in which he made his famous 'I'm as mad as hell and I'm not going to take it any more' speech," Hawatmeh said.
"I'd like to think that Mr. Byrne and I are 21st century versions of Howard Beale, and we too are 'as mad as hell' ... about naked short selling," Hawatmeh said. "It isn't fair, it isn't legal, and it's hurting honest, hard-working investors at the expense of scoundrels."
An Illegal Practice
Naked short selling, or naked shorting, is an illegal practice of selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. However, some investors and hedge funds have taken advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock.
The Securities and Exchange Commission addressed this practice two years ago, on Oct. 29, 2003, by implementing a new rule to ban naked shorting in order to protect thinly traded stocks that are vulnerable to aggressive short selling which would cause the stock price to fall.
Yep, P/E went under 1.
Market Cap (intraday): 14.43M
Enterprise Value (29-Nov-05)3: 21.38M
Go figure!
I don't care why this or my other penny pets got down today, and not even trying to explain the unexplainable. All I can do is to load more, which I did today (again!)
Mike
Speed,
All of my larger cap stocks, right now are energy related. Especially Alternative and Renewable Energy, and doing better than with any others. The Solar Photovoltaics (solar cells) Index since last year gained over 300%, which is significantly more than the traditional oil and gas indexes, which have also been doing very good lately. The last solar cell maker entrant SunPower (SPWR) -which about one week ago had a IPO, was supposed to have the price at some $12 to $14/share. Instead, the day of the IPO it went to $28/share, and it's now around $26. Sold this for some 50% gain in 2 days. It's getting overvalued, IMO.
Thanks for the info anyway, but I stick with things I know about (I'm an non conventional energy professional), and yes with some hand picked penny stocks, including CIRT.
Mike
Maiden,
Check them out on Yahoo finances, under the "key statistics."
http://finance.yahoo.com/q/ks?s=VFIN.OB
VFIN's PPS (with only some 40MM OS), is (along with CIRT, and GDVI) due for a nice recovery. Three main reasons:
Reason #1: Price/Sales (ttm): only 0.27 (this should be between 1.5 to 2, hence the PPS should go up by 555% to 740%)
Reason #2: Price/Book (mrq): 1.10
Reason #3:
Total Cash (mrq): 5.35M (compared to only $7.02M Market Cap - go figure)
Total Cash Per Share (mrq): 0.133
Mike
Loaded some more over the last few days. When it finally decides moving, it will move fast IMO.
The good news are:
1. Dilution seems to have stoped
2. No other penny stock that I know about is experiencing such an explosive revenue growth, and the PPS still sitting at the bottom.
Is not if, but when it would start moving.
PS: My other pet pennies: GDVI, and VFIN are also worth looking into, IMO. Check them out.
Mike
Three 10-Q's are out:
http://www.pinksheets.com/quote/filings.jsp?symbol=IVGA
Now, let's see it back to OTC:BB, and we'll be on our way up into the pennies, IMO.
Mike
Maiden,
The trouble is that most people expect some guru to tell them when to buy/sell. That's sad!
People that think for themselves, are just following the financial #-s, and usually get it right.
This is what I call a year after year explosive growth:
ENDING 30-Apr-05 30-Apr-04 30-Apr-03
Total Revenue 9,206 3,828 2
Cost of Revenue 6,038 2,561 157
Gross Profit 3,168 1,267 (155)
..................
Net Income 502 (428) (529
http://finance.yahoo.com/q/is?s=GDVI.OB&annual
The company is exploding before our own eyes. People that can "see" it (and not "hear" from the gurus) already know the next year revenue will be close to $20MM, and (most importantly) the net revenue is going up as well.
Those who have eyes to see, will see where this is heading to; the others (the masses) are just listening to, and making the plays of MM's and whomever else was shorting GDVI.
PS: I see GDVI is (finally!) out of the SHO list. This might be a good sign.
http://www.nasdaqtrader.com/aspx/regsho.aspx
MF
"The number of shares outstanding of the registrant's common stock as of November 11, 2005: 577,368,569."
Per one of my previous post (the one I'm responding to), OS=578,395,643 as of 9/14/05.
No OS increase + better #-s = the PPS should start moving, IMO.
Mike
Re: "Report within the next week or will Cirt file for an extension?"
Speedracer,
Last year they had the 3-rd Q filled on 11-22, one week after the NT was filled. Yes, indeed, CIRT has a history of late fillings, so they might late this time as well.
This is not a short-term play in my books. It would take a while for any significant up movement, IMO.
Let's see:
1. Last 2 Q's results:
30-Jun-05 31-Mar-05
Total Revenue 4,309 2,920
Cost of Revenue 2,392 1,950
Net Income 466 (202)
http://finance.yahoo.com/q/is?s=CIRT.OB
2. We already know the 3-rd Q revenue will be about the same as the 2-nd Q. This hould move the PPS, but not by much, IMO. It all depends on the trend of the net revenue.
"Iehab J. Hawatmeh, founder, president and CEO of CirTran, said his company projects sales of approximately $4,300,000 for the third quarter of fiscal 2005, an increase of more than $1.7 million, or approximately 64% over the $2,626,770 for the same period in fiscal 2004."
3. The long-term trend looks much better:
"For the nine months ended September 30, he said CirTran expects to report revenues of approximately $11,500,000, an increase of approximately $6,300,000, or some 120%, over the same period a year ago."
4. Once the China production (they yet need probably to set it up) starts showing more of the already contracted $80MM, then the revenue (net revenue), and along with it the PPS should start gain significant strength, IMO.
"CirTran generated more than $80 million in new business and is about to close more, becoming recognized as a significant new player in the manufacturing of products for the sold-on-TV/direct response marketplace."
5. My take on CIRT:
Per above, to me this is a good long-term bet. I still accumulate in the deeps, and hope to be rewarded sometimes starting with the next Q.
PS: You folks should also take a look at GDVI (another good long-term bet), and VFIN. Check them out!
Mike
GDVI is a MUST have stock right now, IMO
According to the Bloomberg article, the chance for the $3.9B bond to pass is high. Regardles if it does or not pass, the explossive revenue (and net revenue) growth over the last two years, with only marginal OS growth, sooner rather than later should start reflecting in a significant growth in the PPS.
1. Financial numbers:
PERIOD ENDING 30-Apr-05 30-Apr-04 30-Apr-03
Total Revenue 9,206 3,828 2
Cost of Revenue 6,038 2,561 157
Gross Profit 3,168 1,267 (155)
..................
Net Income 502 (428) (529
http://finance.yahoo.com/q/is?s=GDVI.OB&annual
2. Last year (in the spring) the PPS went to 0.34. With already increased revenue, and expected over $20MM by next year, at around 0.09, GDVI is a great stock to get in right now, IMO.
MF
Tomorrow might be the day for GDVI:
http://www.bloomberg.com/apps/news?pid=10000103&sid=aGF65xFC467I&refer=us
Mike
http://www.investors.com/corporatenews/nw22.asp
One of these days the market will start recognizing the value here.
Mike
1. From the last PR:
"Iehab J. Hawatmeh, founder, president and CEO of CirTran, said his company projects sales of approximately $4,300,000 for the third quarter of fiscal 2005, an increase of more than $1.7 million, or approximately 64% over the $2,626,770 for the same period in fiscal 2004.
For the nine months ended September 30, he said CirTran expects to report revenues of approximately $11,500,000, an increase of approximately $6,300,000, or some 120%, over the same period a year ago."
2. The last call in OS # is 575.87M, which is the same as two months ago. It seems that the bleading is being gone.
One of these days the PPS should start following up the good news. CNCN (another Cornell victim) has already did it (from mid 0.02's two weeks ago, to mid 0.09's now). Time for CIRT to do it, IMO.
Mike
1. DEREGISTRATION OF SECURITIES - Great News! (finally)
Oct. 22, 03
Form POS AM
CirTran Corporation, a Nevada corporation (the "Company"), filed a registration statement on Form SB-2 (File No. 333-104668)(the "Registration Statement") on April 22, 2003, which, following review by the Staff, was declared effective.
The purpose of this Post-effective Amendment to the Registration Statement is to terminate the Registration Statement and to deregister any remaining shares of the Company's common stock, $0.001 par value, registered pursuant to the Registration Statement but not sold pursuant to the Registration Statement as of the date this Post-effective Amendment is filed with the Securities and Exchange Commission.
2. Dear Messrs. Ritenour and Jones:
Oct. 23, 05.
RW form
The Registrant hereby applies to withdraw the above-referenced Registration Statement, which was filed in July 2004 in connection with a standby equity financing transaction. In May 2005, the Registrant terminated the standby equity facility (the “Standby Facility”). No funds were drawn on the Standby Facility and no shares of stock were issued to the provider of the Standby Facility. No shares of stock were sold under this Registration Statement. The Registration Statement was not declared effective by the SEC.
The Registrant notes that it received a comment letter from the Staff dated September 23, 2004 (the “2004 Comment Letter”). Additionally, the Registrant notes that it has filed a subsequent registration statement on Form SB-2, SEC File No. 333-128549 (the “2005 Registration Statement”), and that the Registrant received a comment letter in connection with the 2005 Registration Statement dated September 30, 2005 (the “2005 Comment Letter”). The Company intends to respond to the 2005 Comment Letter and include its responses to the comments of the Staff in the 2004 Comment Letter.
***Global Diversified Industries, Inc. Wins $8 Million Contract in San Diego County
Wednesday October 26, 11:44 am ET
Projects More Than $20 Million in Revenues for Fiscal Year
CHOWCHILLA, CA--(MARKET WIRE)--Oct 26, 2005 -- Global Diversified Industries, Inc. (OTC BB:GDVI.OB - News), focused on the modular building industry with emphasis on the education market, said today that its wholly owned subsidiary, Global Modular, Inc. has won an $8 million contract to construct a number of single and two-story classrooms in the next 10 months, starting in December 2005, for one of the largest school districts in San Diego County, California.
ADVERTISEMENT
"These projects will utilize our Aurora designs, which have proven to be exceptionally popular," said Phil Hamilton, CEO. "We are pleased in the confidence that schools boards across the state are showing in our ability to provide classrooms cost effectively and within a minimum period of time compared to traditional construction. This helps solidify our projection that our revenues will top $20 million in the current fiscal year."
About Global Diversified Industries, Inc.
Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries, Global Modular, Inc. and MBS Construction, Inc. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The Company's work is found in Northern and Southern California, with numerous projects currently being considered at school systems throughout the state.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
For investor information contact:
Paul Knopick
949-707-5365
Email Contact
Source: Global Diversified Industries
Re: "...Can you advise more on this?"
If this matter to you, for some reason, I feel very good about our prospects with this one.
Best 2 you,
Mike
RE: "Do you make blanket claims about all managers at Intel?"
Of course not. I'm talking about the two individuals I dealt with. Last time I met some Intel guys at a conference (some two years ago), they were very nice. Not the two I'm talking about. I checked not long ago their credentials, and I can guarantee you, (i) I WOULD NOT hire them, (ii) I don't care to do any business with them. That's all, and let's close this discussion (sorry I started it; just wented a bit, w/o realizing this discussion will degenerate).
Mike
OT: OOPS!
The mail is: mike306oh@yahoo.com
Mike
OT - Re: ...does your company have a website?
Yes, we do. Write me @ mike306oh, and I'll send it to you.
Mike
Re: Do you have any idea how many "white papers"
I know, as I get myself tons of it. But, I worked on that white paper upon their solicitation, and not the other way around. At least they should have written a line, don't you think?
Mike
Re: Next stupid question...
Chip, I bet you are with Intel. If you are not, you should apply for a Mgmt. position there. Arrogant (hate to say rude) you would fit well the new enviro there.
Best to you,
Mike
Re: I'm sure you will get over it eventually.
Greg,
I don't really care, as the time for Photonics is not here just yet. I don't "feel snubbed." It's just sad to see the arrogant new faces with Intel's (two of whoom, to me, have no reason to be so arrogant). What a difference (of class) between these new folks, and Moore!
Enough said,
Mike
Re: Mike still holding cirt?
Dlr,
FYI, I used to be a large cap (medium- and long-term) investor, but for some two years now I was obliged to switch mostly to pennies. I needed the money to invest in my own Company (so as to avoid begging the Angel Investors, or for any goverment R&D contract) and with some spare change (to answer your qestion about CIRT) I'm vested in some high-risk, high-return potential penny stocks. This is the same tactic that the "Angel Investors" are using, and some of them are doing quite well. Percentage wise, with pennies (which, again, for me is a new experiment) I made over 400% return last year (e.g., MOBL, GDVI, and GTEL - now GTE). That was a lot better than I was doing with large caps, where barely could keep afloat (and this only because of a good bet on NT that gave me some 1500%). This year is not quite as good, but still over 100% up, and believe several stocks in my portfolio, such as: GDVI, VFIN, CIRT (that are very low right now) will start moving soon. Regardless, well selected pennies (on average) GIVE a better return (to someone who is not a daily trader, that is).
I'm sorry if you got so offended that you felt the need to go into silly personal attaks. As a former (long time) INTC holder, I was just just making (if you don't mind) a comment regarding AMD vs INTC. You got to recognize AMD is doing a lot better lately (as the chance for PPS growth goes). It grew some 600% over the last 3 years, compared to some 10% INTC (less than Nasdaq)over the same time period. Look at the OS, and at the growth rate of the two, and maby you'll see why I believe AMD will do much better than Intel, IMO.
Take care,
Mike
Re: What's with the new religion Mike? Got bored of waiting
for the optical revolution?
Chipguy,
If you are reffering to AMD (as being my "new religion") I got to dissapoint you. I would not invest (long-term, that is) in any microelectronics-based company.
FYI, I sold my INTC position a while ago, and I'm happy I did it. Got in and out AMD twice over the last year with some nice return. But, as I said, I wouldn't invest (long-term) in any of them.
"The future really does look bright for photonic, but expect that engineers will continue to push copper technology to at least 10 Gbps. Scaling network data beyond 10 Gbps will require optical technology, because there is little hope that copper cables can support 100-Gbps speeds. The transition will take place at 10 Gbps. Networking and technology such as Luxtera's may hasten the transition, starting in 2006."
PS: IMO, Photonics, and (my favorite) integrated photonics might come about much sooner than many might have thought.
Disclaimer: I have to let you know I have a personal reason to believe INTC won't do too well, just by looking at the way the new management behaves. Being very arrogant, that is.
Let me explain why. My start up (still small) R&D company is trying to implement it's unique proprietary room temperature SiOx dielectrics technology (among other applications - and for two of them we are quite advanced stage of commercialization) to a host of integrated Photonics applications. At the two folks in charge of the Photionics Divission, I put together and send them a White Paper (some 24 pages) with some pertinent info. I expected them (at least) to answer with two lines, and tell me they are not interested. But no; I only received from them a note acknowledging they received it, and that they will be looking it over. It's been more than 6 months since, and never heard from them again. In the past, I haven't noticed any such arrogant attitude when talking to Moore (whoom I met at some conferences, and spoke with him on several occasions).
As I said, I'm not in a big hurry as the photonics applications go (as I got many other thinks going on), and I really don't care if Intel, or any other company will look at what we have. One of this days Intel might open a high tech history book, and realize that over 70% of all new high tech ideas came out of work done by the "small guy."
Yes, I might be a bit overly optimistic as the future of Photonics goes. But, I'm glad to see that more and more people start realizing microelectronics will sooner rather than later be obsolete. As a former Microelectonics "enthusiast," I'll be the first to recognize it made such a wonderful contribution to our modern life, from computers, to communications, to fab automation, and even toys - and Intel (once a "small guy" itself) was at the center of it all. So, no, I didn't change "my religion', I'm still a Photonics enthusiast (and hope sometimes soon, someone, somewhere, will start listening even to the "small guy").
Mike
For the long-term INTC investors:
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=AMD+INTC
Mike
AMD vs INTC. Who will win?
1. http://www.reed-electronics.com/electronicnews/article/CA6273025?nid=2019&rid=1953493990
2. http://www.reed-electronics.com/electronicnews/article/CA6272351?nid=2019&rid=19534939
3. Still small, but growing fast:
3.1 http://www.reed-electronics.com/electronicnews/article/CA6269453.html?ref=nbra
3.2 http://finance.yahoo.com/q/is?s=AMD&annual
3.3 http://www.forbes.com/markets/2005/10/14/amd-earnings-semiconductors-1014markets10.html?partner=yaho...
4. Compare (percentage wise) AMD's growth rate (see 3.2) to that of INTC's:
http://finance.yahoo.com/q/is?s=INTC&annual
Enough said,
Mike
The 10K is out! The two 10-Q's should come out soon, followed by going back to OTC:BB.
Mike
Time to move, IMO. EOM
Mike
Next week the 10-Q should come out, IMO. (Expected) good #-s should start moving the PPS.
Mike
Have you seen this?
http://www.investorguide.com/stock.cgi?ticker=BTOO&more=0
Mike
BH, I subscribe to your motive. Hope you told Joe why are you asking him what's going on: "Kuz Your Po A$$ Needs the Money." Mine too! He got to know that, and should do something about it.
Mike
Re: We are getting closer!!!
BH, let's hope you are right. Something is going on here today, it looks like. 233% up, and increased volume. Looks good!
Mike
Re: We are getting closer!!!
BH, let's hope you are right. Something is going on here today, it looks like. 233% up, and increased volume. Looks good!
Mike