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CellTeck Inc. Message Board

  • encore7 encore7 Jun 16, 2000 11:13 AM Flag

    here's why....

    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
    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
    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
    $.10 Trade Date: June 15, 2000 Settle Date: June 20,

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    • 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.

      Thanks again and
      keep posting


      • 1 Reply to oldsarge_us
      • 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