Newsgroup: it.economia.borsa
Titolo: london. hai visto orct??

eri te che la citavi tempo fa??
oggi + 20% e volumi quadrupli grazie ai risultati positivi
Orckit Communications Announces 2001 Second Quarter Results
120% Year-Over-Year Quarterly Revenue Growth
TEL AVIV, Israel, July 16 /PRNewswire/ -- Orckit Communications Ltd.
(Nasdaq: ORCT - news) today reported second quarter and pro forma results
for the quarter ended June 30, 2001. Total revenues for the quarter
increased by 120% to $37.5 million, compared to $17.0 million in the second
quarter of 2000. Pro forma net loss for the second quarter of 2001 was $1.9
million, or $(0.08) per share, compared with a pro forma net loss of $30.5
million, or $(1.41) per share, in the second quarter of 2000.
The pro forma net loss for the quarter excludes a non-cash charge for
amortization and impairment of goodwill, non cash stock compensation and
profit from early extinguishment of convertible notes and related
amortization. Including these items, the net loss for the second quarter of
2001 was $8.9 million, or $(0.39) per share.
Izhak Tamir, President of Orckit, said, ``This quarter we have experienced a
continuous demand for our DSLAM products. With the ongoing migration to full
turnkey operations, we were successful in improving gross margins and
reducing inventory levels.''
Mr. Tamir added, ``We are excited by the prospects of our metro platform
initiative, the Corrigent Resilient Packet Ring product based on the IEEE
802.17 evolving standard. A number of carriers are currently evaluating the
implementation of RPR solutions in their metro networks. ''
During the quarter ended June 30, 2001, the Company retired $26.0 million of
convertible subordinated notes for an extraordinary gain of $17.6 million.
As of June 30, 2001, total outstanding notes due April 2005 amounted to $94
million.
In accordance with an evaluation of the carrying values of unamortized
goodwill for the acquisition of EDSL Networks Ltd., the Company recorded a
non-cash charge of $23.4 million. This charge writes off remaining
unamortized portion of the goodwill recorded in connection with this
acquisition.
As of June 30, 2001 total cash, cash equivalents and short-term investments
amounted to $110.4 million.
About Orckit Communications Ltd.
Orckit Communications Ltd. (Nasdaq: ORCT - news) is a leading provider of
advanced digital subscriber line (DSL) solutions that enable high-speed
broadband data transmission over existing copper infrastructure. Orckit's
FastInternet(TM) ADSL access multiplexer (DSLAM) and CopperTrunk® HDSL
platforms, offer telecom operators and service providers a cost-effective
solution enabling a variety of revenue-generating services such as voice,
data and Internet access.
(Tables to Follow)
Certain matters discussed in this news release are forward-looking
statements that involve a number of risks and uncertainties including, but
not limited to, risks in product development plans and schedules, rapid
technological change, changes and delays in product approval and
introduction, customer acceptance of new products, the impact of competitive
products and pricing, market acceptance, the lengthy sales cycle,
proprietary rights of the Company and its competitors, risk of operations in
Israel, government regulation, dependence on third parties to manufacture
products, general economic conditions and other risk factors detailed in the
Company's United States Securities and Exchange

O yes, a saperlo prima, cmq si avvicina al pareggio!
--
Ciao
-------------------------------------------
London Ray :
collaboratore di   
www.ScalpingOnLine.Com
redattore       di   
www.playit.mediacity.it
ICQ  #56476275
-------------------------------------------