got this from Bloomberg -- short term blip... no need to worry.
Celeritek's Additional 2 Mln Common Shares Priced At 46 1/2 By Joe Celinski Santa Clara, California, June 15 (Bloomberg) -- Following are the details from Celeritek's additional offering of 2 million common shares at a price of 46 1/2. Company: Celeritek Inc. Lead Manager: CIBC World Markets Common: 2 million Price: $46.50 Amount: $93 million Gross Spread: $2.44 Selling Concession: $1.41 Underwriting Fee: $.52 Management Fee: $.51 Reallowance: $.10 Trade Date: June 15, 2000 Settle Date: June 20, 2000
Aftr awhile this AM I thought it might be the 2nd offering. I was hoping it would go off closer to 50 but that's life. I am never in love with dilution but let's hope Tamer and the boys take this cash and out perform the analysts. We shall see.
From the last conference call, they have big backlog in shipping, and are very capacity limited. The management are crazy to receive cash in order to get enough equipments to test their hot parts. Revenue and earning growth will continue to top among all GaAs chip makers. Their power amplifier modules are very hot and highly demanded by major handset phone makers. Look cltk to breakout to 60s or 80s if the market does well.