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Mexco Energy Corporation Message Board

  • fabulouspoodle fabulouspoodle Aug 30, 2000 3:08 PM Flag

    Finally, someone realizes we are....

    cheap (and a fiber play). 2.9 milion shares
    outstanding (market cap less than $27 million). Sales doubled
    year over year - last quarter sales = $6.3 million
    (vs. $3.3 million). Earnings for the quarter =
    $499,000 vs. a loss of 144,000 a year ago.

    From the
    second quarter report: Customers include Nortel,
    Alcatel, Lucent, Cisco, Sycamore Systems, Hewlett Packard,
    Solectron, Flextronics, and Celestica.

    RE MXC and
    Optical Networking:

    Ted Valpey, Jr., Chairman,
    Pres. and CEO, from the q2 report, dated August11,
    2000:

    "...OPTICAL NETWORKS are the technology of choice
    for wide bandwidth and high data rate transmission.
    Because of the convenience of wireless connectivity,
    optical networking and wider bandwidth are increasingly
    popular. This results in increased demand for higher
    frequency and higher performance timing devices, i.e.
    crystal oscillators. In an optical network, information
    is transmitted as light waves, and wherever the
    signal is generated, regenerated, filtered or processed,
    radio waves or electronic components are utilized. As a
    result, the growth of optical neworkings and wireless
    communication will add demand for high quality, high
    performance electronic timing devices."

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MXC
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