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Kopin Stock Rises After Founder Picks Up 50,000 Shares

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Shares of Kopin rose more than 10% Thursday after Chairman, President and CEO John Fan bought $272,500 worth of shares, according to a filing with the Securities & Exchange Commission. For the quarter ended June 26, Kopin's net loss narrowed to $3.8 million, or 4 cents a share, from $7.9 million, or 9 cents a share, in the year ago period. Kopin, a developer and manufacturer of semiconductor materials, has a market cap of $495.8 million.