Cisco machts mit Tioga! - 500 Beiträge pro Seite

[tschernobyl]

Hallo!

Da könnte sich was entwickeln. Tioga (Nasdaq TIGA) ist selbst nach dem 50% Anstieg von heute
gerade mal $60 Mill. wert.


Tuesday January 23, 8:44 am Eastern Time
Press Release
Cisco Systems and Tioga Technologies Deliver Low Cost PXF Network Processing
SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 23, 2001--Network processing at Cisco Systems, Inc. (Nasdaq: CSCO - news) took another step forward last month with the delivery of the latest addition to its network processor family supporting the Parallel Express Forwarding (PXF) architecture. The newest network processor silicon provides the widely used PXF technology at a lower cost and power without compromising performance.

Working closely with Tioga Technologies (Nasdaq: TIGA - news) design teams in Jerusalem, Israel and San Jose, California, the Cisco team in Research Triangle Park, N.C. leveraged Tioga`s semi-custom release methodology to significantly reduce the silicon area and power, while maintaining the high performance level of the current design. The device weighs in at 29 million transistors.

``The cost point of this chip enables us to drive the PXF technology deeper into our product line,`` said Bill Jennings, Vice President of Engineering for Cisco`s Internet Services Business Unit. ``With the popularity and wider deployment of PXF, this development effort also provides a valuable second source for the silicon.``

``Both teams worked very hard on this project (Cisco and Tioga)`` said Doug Goodyear, President and Chief Executive Officer of Tioga. ``I think the successful delivery of a chip this size forges a strong bond between the two organizations. We are proud to be in partnership with a premier company like Cisco.``

About Cisco

Cisco Systems, Inc. (NASDAQ:CSCO - news) is the worldwide leader in networking for the Internet. News and information are available at http://www.cisco.com.

Note to Editors: Cisco, Cisco IOS, Cisco Systems and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the U.S. and other countries. All other trademarks mentioned in this document are the property of their respective owners.

About Tioga Technologies

Tioga Technologies Ltd. (Nasdaq:TIGA - news) is a leading provider of standard ICs for broadband communications with expertise in both systems and deployment. Tioga`s digital subscriber line (DSL) ICs enable the digital transmission of voice, video and data over standard telephone lines. Tioga develops chips employing a range of DSL technologies including ADSL/G.lite, HDSL, SDSL and VDSL. Tioga`s full-custom design technology enables high-performance, low-power ICs at low cost. Tioga is headquartered in San Jose, and maintains R&D centers in Tel Aviv and Jerusalem, Israel, and San Diego. For more information, please visit the company`s web site at www.tiogatech.com.
http://biz.yahoo.com/bw/010123/ca_tioga_c.html

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Interessant zu lesen ist in diesem Zusammenhang eine Passage aus einer Cisco-Abhandlung über
die angesprochene PXF-Technologie:

(...)
The success of the PXF network processor is also evident in the effect it has had on the industry. "There are multiple start-ups now focusing on network processors, but we`re a year or two ahead of the pack," says Michel Langlois, Director of Technology Initiatives at Cisco. "Not only has the innovative vision of the team given Cisco leadership for network performance, but the risks they took have also reduced the need to spend a billion dollars or more to acquire the technology." (...)
http://www.ieng.com/warp/public/cc/pd/rt/10000/prodlit/pxfw_…

[Mausispatzi]

Hallo! Du bist ja mal einer, der Ahnung von Aktien hat! Bei Cisco bin ich schon bei 39,48 Euro (Xetra) rein, die Aktie hat ein Potential bis 55 Euro! Das ist eine der vielversprechendsten Deals, seit langem! Zur Zeit konsolidiert das Ganze ein bischen, ist aber gut so. Wenn der Kurs die 50 Euro genommen hat, bin ich draußen; so um die 12 Punkte (ich bin mit 300 Aktien drin) sind hier locker drin. Das ist dann auch wieder mal ein warmer Regen!

[tschernobyl]

Mausispatzi,

ich dachte eher an Tioga, mit Cisco wünsch ich dir trotzdem viel Glück.

Tschernobyl

[tschernobyl]

Hat denn sonst keiner eine Meinung zu der Sache? Tioga müsste doch zumindest allen Orckit-Aktionären ein Begriff sein.

[Geko007]

Hallo Tscherno!

Ich habe mal gutes Geld mit Orckit gemacht,vor dem spinn-off.Ich glaube man darf diese Cisco koopperation nicht ueberbewerten,es haben ja so viele Firmen eine koop. mit Cisco.Mal schauen ob das was von dauer ist,oder sind nur Ami Zocker momentan dabei.

Glueckwuensche wennDu dabei bist!

[Geko007]

Die Zahlen sind auch nicht berauschend.Und Bewertung mit fast 90 mil.$ fuer eine Firma die 10 mil.$ Umsatz und 60 mil.$ Verlust macht.Na ja ,ich weis nicht.

Tioga Technologies Reports 91% Sequential Revenue Increase in Third Quarter
Q3’00 Revenue Increase 350% over Q3‘99

San Jose, California; Israel; October 31, 2000 — Tioga Technologies, Ltd. (NASDAQ: TIGA) today announced financial results for its third quarter and the nine months ending September 30, 2000. The Company’s results reflect the consolidation of Silicon Value Ltd., acquired in April 2000, for the second and third quarter of 2000 only.

Revenue for the third quarter was $5.6 million, a 350 percent increase compared with $1.2 million reported for the third quarter of 1999, and a 91 percent sequential increase compared with $2.9 million reported for the second quarter of 2000. Net loss during the third quarter of 2000 was ($15.0) million compared with ($0.8) million in the third quarter of 1999 and ($45.4) million in the second quarter of 2000. Included in expenses during the second and third quarter of 2000 are $8.8 million in amortization of goodwill and other intangibles. The second quarter of 2000 includes an additional $26.3 million in one-time charges for in-process R&D and expenses related to the spin off of Tioga. Excluding amortization of goodwill and other intangibles, the net loss for the third quarter of 2000 was ($6.2) million. Pro forma loss per share for the third quarter of 2000 was ($0.58) compared with ($0.04) in the third quarter of 1999 and ($1.75) in the second quarter of 2000. Excluding the charges for amortization of goodwill and intangibles, loss per share for the third quarter of 2000 was ($0.24).

Revenue for the nine months ended September 30, 2000 was $10.5 million, a 153 percent increase compared with $4.2 million reported for the same period of 1999. Net loss was ($61.9) million (including $26.3 million one-time charges and $17.6 million amortization of goodwill and other intangibles) and ($2.3) million for the nine months ended September 30, 2000 and September 30, 1999 respectively. Pro forma loss per share for the nine months of 2000 was ($2.62) compared with ($0.10) during the same period of 1999. Excluding the one-time charge and goodwill and intangibles amortization, loss per share for the nine months was ($0.76).

"We are extremely pleased with our third quarter financial results," said Tom Sennhauser, President and CEO. "Going forward we will continue to focus on growing our DSL business through precise execution of our short and medium term goals," commented Sennhauser.

[Corner]

meine Meinung:

bin gestern rein und heute raus !

so schnell hab ich meine Miete verdient

[tschernobyl]

Hallo,

erstmal Dank für eure Einschätzung.

Geko, das waren die 9-Monatszahlen, und beachten sollte man auch die Abschreibungen, die den überwiegenden Teil der Verluste ausmachen. Ganz hübsch ist das sequentielle Umsatzwachstum.

Sicher gibts viele Firmen mit Cisco-Kooperation. Aber welche davon hat eine Mkpt. von $90 Mill. und ein Preis/Book-Ratio von 1? Und schliesslich scheints ja nicht irgendwas zu sein, was die Cisco-Ingenieure zwischen Frühstück und Mittagessen selbst fertiggebracht hätten. Folglich muss bei Tioga ein Know-How vorhanden sein, das andere Router-Hersteller auch interessieren dürfte. Cisco könnte einen solchen Kontakt mit einer Übernahme natürlich verhindern.

Corner, kaufst du in den USA?

[Geko007]

Das wars erst mit Zocken und Cisco kooperation.

MFG Geko

[tschernobyl]

Hi Geko,

kann es sein, dass du den Nasdaq-Rückgang gestern übersehen hast? Wenn ich mir andere Werte in diesem Bereich anschaue, hat sich Tioga noch recht gut gehalten.

[kazman]

Mmmh - ich bin letzte Woche in Orckit rein

Habe den Wert seit langem auf der Watchlist.
Auch in Amiland wird DSL zunehmend beliebter.

Aber warum jetzt Tioga ??? Kann mir das mal jemand erklaeren ?
In den Amiforen lese ich das auch immer wieder.


gruss

[tschernobyl]

Hi kazman,

zum einen deswegen:
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Watch candidate (20010126) [Auto] Help
Has fallen 56% since the peak on 20000829 at 6.25. Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has met the objective at 3.09 after a break of a double bottom formation. The price has now fallen, but the formation indicates further rise. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock further in the short term. High risk.
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Dann hat Orckit recht gute Zahlen gemeldet (oder besser gar nicht so ganz schlechte Zahlen, was eingepreist war), und Tioga ist noch so eng mit denen verbandelt, dass sie davon auch profitieren dürften. Und - last but not least - die bestätigte Zusammenarbeit mit Cisco, was Tioga hoffentlich nicht zu Unrecht jede Menge Phantasie bringt.

Alles natürlich mit dem Hintergrund, dass sowohl Orckit als auch Tioga gnadenlos verprügelt wurden. Vielleicht ist es aber auch nur eine Masche, dass die Big-Boys auch noch die letzten Aktien von Tioga unters dumme Kleinanlegervolk bringen können. Einen grossen Ausverkauf der Institutionellen hatten wir aber schon im letzten Quartal. No risk no fun!

Tscherno

[tschernobyl]

http://www.globes.co.il/serveen/

Tioga planning $10-15 mln private placement from institutional investors


Yanay Alfassy
30.01.2001 15:50

”Globes” has learned that Israeli company Tioga Technologies (Nasdaq: TIGA), an Orckit Communications (Nasdaq: ORCT) spinoff, plans to raise $10-15 million from institutional investors.

The company value for the placement will apparently be very close to its current market value of $73 million.

A source close to the company told “Globes” that the Tioga intends to issue two more announcements in the coming two weeks “no less important than the announcement concerning Cisco.” Tioga announced several days ago that it had jointly developed a chip with Cisco, giving rise to optimism among investors concerning the company’s future revenues.

Tioga’s share posted a rise of about 100% during the two days of trading following the announcement. The announcement led the Kaufman Brothers investment house to upgrade its “Hold” recommendation for Tioga to “Accumulate”, based on the assumption that Cisco will use Tioga’s chips for parallel processing.

Tioga, which currently has $24 million in its cash-box is apparently in need of an additional cash injection. The company burns cash rapidly, due to its intensive R&D, which has made the company post millions of dollars in quarterly losses. The company lost $15 million in the third quarter of 2000.

Tioga declined to respond to the report. The company spokesman said that Tioga “is examining all sorts of options.”

Published by Israel`s Business Arena on January 30, 2001

[tschernobyl]

Tioga Technologies Fourth Quarter Earnings Release and Conference Call Scheduled for February 6, 2001

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 5, 2001--Tioga Technologies, Ltd. (NASDAQ: TIGA), announced that it will release its fourth quarter and year-end 2000 results on Tuesday, February 6, after the close of market.

Following the earnings announcement, Tioga will host a conference call at 5:00 P.M. EST. The Company invites you to listen to the conference call live over the Web by visiting www.vcall.com. About Tioga Technologies

[tschernobyl]

Tioga Technologies Reports Fourth Quarter and Fiscal Year 2000 Results; Company Announces 102% Increase in Fourth Quarter Revenues

SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 6, 2001--Tioga Technologies, Ltd. (NASDAQ: TIGA) today announced financial results for its fourth quarter and the year ended December 31, 2000.

The Company`s results reflect the consolidation of Silicon Value Ltd., acquired in April 2000, for the second, third and fourth quarters of 2000 only.

Revenue for the fourth quarter was $11.3 million compared with $1.1 million reported for the fourth quarter of 1999, and a 102 percent sequential increase compared with $5.6 million reported for the third quarter of 2000. Pro forma adjusted net loss for the fourth quarter of 2000 was ($4.5) million, which excludes $8.0 million in amortization of goodwill and other intangible assets, $0.3 million credit of spin off expense and $58.1 million in charges for asset impairment, compared to third quarter of 2000 pro forma net loss of ($6.1) million, which excludes $8.8 million in amortization of goodwill and other intangibles. At the end of the fourth quarter of 2000, the company determined that certain intangible assets and goodwill was impaired and recorded a one -time charge of $58.1 million. Pro forma adjusted net loss per share for the fourth quarter of 2000 on a weighted average basis was ($0.20) compared with ($0.05) in the fourth quarter of 1999 and ($0.27) in the third quarter of 2000.

Including the above charges, net loss during the fourth quarter of 2000 was ($70.3) million compared with ($1.1) million in the fourth quarter of 1999 and ($15.0) million in the third quarter of 2000. Net loss per share for the fourth quarter of 2000 was ($3.13) compared with ($0.05) for the corresponding prior year quarter and ($0.58) for the third quarter of 2000.

Revenue for the year ended December 31, 2000 was $21.8 million, a 311 percent increase compared with $5.3 million reported for the same period of 1999. Net loss was ($132.2) million and ($3.5) million for the year ended December 31, 2000 and December 31, 1999 respectively. Net loss per share for the year 2000 was ($5.89) compared with ($0.15) during the same period of 1999. Excluding the $24.7 million one-time charge for in-process R&D, $25.7 million goodwill and other intangibles amortization, $1.4 million expenses related to the spin off and the write off of $58.1 million for impaired assets, pro forma net loss per share for the twelve months of 2000 was ($0.99).

"During the fourth quarter, Tioga experienced strong financial and operating results," said Douglas Goodyear, President and CEO. "We continue to focus on executing our plan, and are making progress in meeting our goal of at least one central office design win in the first half of 2001, with our recently announced, 8 channel ADSL chipset." "I am excited to be in a position to lead the company as we enter the customer engagement stage of our development" continued Goodyear.

The company also announced today that Dudu Voschina has been promoted to Vice President of Engineering and David Gagne has been promoted to Vice President of Sales replacing Douglas Goodyear who was promoted to Chief Executive Officer on January 22, 2001.

"I am confident that the addition of Dudu and David will help to round out the infrastructure and add to the overall effectiveness of our team," commented Goodyear.

About Tioga Technologies


Tioga Technologies Ltd. is a leading provider of standard integrated circuits (ICs) for broadband communications applications. Tioga`s digital subscriber line (DSL) ICs enable the digital transmission of voice, video and data over standard telephone lines. Tioga develops chips employing a range of DSL technologies including ADSL/G.lite, HDSL, SDSL and VDSL. Tioga`s full-custom design technology enables high-performance, low-power ICs at a low cost. Tioga is headquartered in San Jose, California, and has R&D offices in Tel Aviv and Jerusalem, Israel. For more information, please visit our web site at www.tiogatech.com.

Safe Harbor Statement


Certain of the statements contained herein may be considered forward-looking statements that involve 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, sales to a concentrated group of customers, market acceptance, lengthy sales cycles, risks of operations in Israel and dependence on subcontractors for the manufacture of products. Such risks and uncertainties are set forth in the Company`s SEC reports including the Company`s Form 20-F. Results of operations in any past period should not be considered indicative of the results to be expected for future periods.

Tioga Technologies
Consolidated Balance Sheets
(in thousands)

Dec. 31, Dec. 31,
2000 1999
-------- --------
ASSETS
Current assets:

Cash and cash equivalents $ 18,793 $ 55
Marketable securities 28 -
Short term investment - 1,707
Trade accounts receivable 10,868 883
Inventories 493 -
Other current assets 1,088 144
---------- ---------
Total current assets 31,270 2,789

Long term receivable 175 -

Severance pay fund 1,190 463

Fixed assets, net 7,062 366

Goodwill and other intangibles 20,000 -

Total assets $ 59,697 $ 3,618


LIABILITIES AND SHAREHOLDERS` EQUITY
Current liabilities:

Short term loan from bank $ 10,000 $ -

Trade accounts payable 5,617 278
Accrued liabilities 17,412 747
Other current liabilities 894 -
-------- --------
Total current liabilities 33,923 1,025

Long term liabilities:

Accrued severance pay 2,145 753
Long term loan 20,000 -
-------- ---------
Total long term liabilities 22,145 753

Total liabilities 56,068 1,778

Shareholders` equity 3,629 1,840

Total liabilities and shareholders` equity $ 59,697 $ 3,618


Tioga Technologies
Consolidated Statements of Operations
(in thousands, except per share amount)

Three Months ended Twelve Months ended
Dec. 31 Dec. 31
------------------- -------------------
2000 1999 2000 1999

Revenues
Product revenues 10,926 1,104 20,970 4,410
Engineering contracts 346 - 809 851
------ ----- ------ -----
Total revenues 11,272 1,104 21,779 5,261

Cost of Revenues
Product 8,262 994 17,538 3,969
Engineering contracts 212 - 2,460 592
------ ----- ------ -----
Total cost of
revenues 8,474 994 19,998 4,561

Net income from
cancellation of NRE
projects 610 - 197 -

Gross margin 3,408 110 1,978 700

Operating expenses
Research and
development 6,299 1,027 19,600 3,656

Selling, general and
administrative 2,555 230 9,524 588

In-process research and
development write-off - - 24,695 -

Goodwill amortization 6,668 - 21,598 -

Impairment of goodwill
and other intangibles 58,068 - 58,068 -

Spin off expenses
(income) (265) - 1,438 -
--------- --------- -------- --------
Total expenses 73,325 1,257 134,923 4,244

Loss from operations (69,917) (1,147) (132,945) (3,544)

Finanical income
(expense) (288) 13 (593) 80

Other Income - - 1,510 -

Loss before taxes on
income (70,205) (1,134) (132,028) (3,464)

Income tax 78 - 170 -
------- ------ ------- --------
Net loss (70,283) (1,134) (132,198) (3,464)
======= ====== ======= ========
Pro forma net loss
per share - basic
and diluted $ (3.13) $ (0.05) $ (5.89) $ (0.15)

Pro forma adjusted net
loss per share - basic
and diluted (a) $ (0.20) $ (0.05) $ (0.99) $ (0.15)

Pro forma weighted
average number of
shares used in
computing basic and
diluted net loss
per share 22,461 22,454 22,456 22,454

(a) Pro forma adjusted basic and diluted net loss per share excludes
in-process research and development write-off, amortization of
goodwill and other intangibles, spin off expenses and impairment
of goodwill and other intangibles, This pro forma information is
not prepared in accordance with generally accepted accounting
principles.


Tioga Technologies
Pro Forma Consolidated Statements of Operations - Unaudited
(in thousands, except per share amount)

Three Months ended
Dec. 31 Sep. 30
------------------------
2000 2000

Revenues
Product revenues 10,926 5,453
Engineering contracts 346 108
------- ------
Total revenues 11,272 5,561

Cost of Revenues
Product 8,262 4,174
Engineering contracts 212 1,347
------- ------
Total cost of revenues 8,474 5,521

Net income from cancellation of NRE projects 610 662

Gross margin 3,408 702

Operating expenses
Research and development 4,943 4,994

Selling, general and administrative 2,555 2,267
------- -------
Total expenses 7,498 7,261

Loss from operations (4,090) (6,559)

Financial expense (288) (119)

Other Income - 604

Loss before taxes on income (4,378) (6,074)

Income tax 78 67
-------- --------
Net loss (4,456) (6,141)
======== ========
Pro forma net loss per share - basic
and diluted (a) $ (0.20) $ (0.24)

Pro forma weighted average number of
shares used in computing basic and diluted
net loss per share 22,461 25,964

(a) Pro forma basic and diluted net loss per share excludes
amortization of goodwill and other intangibles, spin off expenses
and impairment of goodwill and other intangibles. This pro forma
information is not prepared in accordance with generally accepted
accounting principles.

CONTACT: Tioga Technologies
Dale R. Lindly, CFO, 408/434-5300
[e-mail]
or
KCSA
David Sasso, 212/896-1213
[e-mail]

[tschernobyl]

Hi!

Gefunden im Tiga Yahoo-Board, leider ohne Link.

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From Globes

Although a week old Prior to better the than expected earnings report. Excerpts from Globes may help.

Week 5 - Shlomi Cohen: Tioga - Exit or financing round?

Shlomi Cohen
30.01.2001 15:52
It is easy to explain Tioga’s 62% rise. The company’s silence misled investors into thinking that nothing was happening except cash burning. In addition, the company manager unexpectedly announced his resignation. Against this very unpromising backdrop, the company suddenly announced a contract with giant Cisco, so the 62% surge was certainly logical.
As I wrote last week, the company is currently presenting its eight-channel ADSL chip to large communications equipment manufacturers. It can be assumed that the company will receive respectable orders from several of them within a few months. Armed with the recent positive announcements and at a higher share price, Tioga will soon hold a private placement for 25% of the company, which will guarantee it financing for this year. It will be interesting to see the expected list of investors for the round. Perhaps one of them will eventually acquire the entire company, since under the spinoff agreement with Orckit Communications (Nasdaq: ORCT), the owners (Orckit cofounders Itzhak Tamir and Eric Paneth hold 30% and Clal Industries 15%) are entitled to sell Tioga after January 2002.
Potential buyers are not lacking, such as Broadcom (Nasdaq: BRCM), which this week announced its desire to enter the ADSL field, and has already set up Broadcom Israel as a means of making additional acquisitions. Another possible candidate is Centillium Communications (Nasdaq: CTLM), a leading company in the field, which in recent weeks doubled its value in trading to $1.5 billion, following its excellent fourth quarter 2000 results. Company chairman Kamran Elahian visits Israel frequently and even set up a venture capital fund here.
Conextant Systems (Nasdaq: CNXT), a large communications chip manufacturer with a center in Israel and a long history of cooperation with Orckit before Tioga was spun off, can be added to the list. Orckit’s founders this week announced the launching of a new company intended to move Orckit into more profitable fields than high-speed modems. With this in mind, it seems to me that Tamir and Paneth would be glad to exit Tioga soon.
Total silence from a company is usually misleading and is interpreted as an attempt to conceal troubles
Published by Israel`s Business Arena on January 30, 2001 /serveEN/

[tschernobyl]

http://www.investtech.com/nasdaq/ana/tiga.htm


Buy candidate (20010209) [Auto] Help
Has fallen 55% since the peak on 20000829 at 6.25. Has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has met the objective at 3.09 after a break of a double bottom formation. The price has now fallen, but the formation indicates further rise. High risk with an average difference between the lowest and the highest price of the month of 96%.

[tschernobyl]

Kaufman Brothers upgrades Tioga from Hold to Accumulate
Gitit Pincas
1/29/01 2:57 PM ET



The Kaufman Brothers investment bank is highly satisfied with the new design win Tioga Technologies (Nasdaq:TIGA) has accomplished with the communication giant Cisco Systems (Nasdaq:CSCO).

The win is likely to prove a source of revenues for Tioga, as it implies that Cisco will be incorporating Tioga products into future versions of its products.

Analyst Alvin Kressler upgraded Tioga, a spinoff from Orckit Communications (Nasdaq:ORCT), from Hold to Accumulate. He says Cisco will probably be using Tioga`s chips as switches to divide content as it gets routed into various channels. "Tioga will help Cisco cut costs," explained the investment bank.

On the way to $260 million
The analyst further explained that Cisco`s technology enables high capacity switching, which enables telcos to provide added services over their existing networks. For example, they could provide VPN, virtual private networks. The bank pointed out that Cisco products target ISPs, a market bound to prosper in the near future.

Despite the optimistic wind now blowing in Tioga in view of the Cisco deal, Kaufman Brothers is not changing its forecast of the company`s revenues. Anticipated Q4 2000 revenues remain at $6.3 million, and growth at 9.5%.

But the bank lowered its losses expectations. For 2000 Kaufman Bros. estimates a loss of $1.05 per share, instead of an earlier forecast of $1.14 per share. The bank predicts a loss of $1.6 per share in 2001, 1 cent less than predicted earlier.

Target price for the share remains $10, far higher than the share`s opening price today, a mere $2.7. In light of this target price, the bank expects Tioga`s market cap in the coming year to reach $260 million. The company`s value on its first day on Nasdaq, after its split from Orckit Communications, was over $410 million.