Subject: READRITE FORMS FIBER OPTICS COMPANY!!!!!!!
To: <>
From: None <LISTMEMBER--@yahoo.com>
List: tech-pkg
Date: 09/20/2000 08:02:31
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<font class="\"headline\""><b><i><span style="text-transform: capitalize"><font face="Times New Roman" size="5" color="#0000FF">Read-Rite
launches Scion, a new </font></span></i></b></font><font size="5" color="#0000FF"><b><i>Fibre</i></b></font><font class="\"headline\""><b><i><span style="text-transform: capitalize"><font face="Times New Roman" size="5" color="#0000FF">
optics company</font><font size="4" color="#000080"><br>
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<p class="\"body\""><font size="4" color="#000080">Read-Rite Corp <</font><font size="4" color="#CC0000">RDRT</font><font size="4" color="#000080">>
said late on Wednesday it has formed a new fibre optics company, Scion Photonics
Inc, with $25 million in initial funding from Tyco Ventures and Integral Capital
Partners. Read-Rite also said it was in discussions with several other
interested parties for more technology and capital investments into Scion.</font>
<p class="\"body\""><font size="4" color="#000080">Scion's business
charter is "to design, manufacture and market high-performance optical
components to the fibre optics communications market," Read-Rite said in a
statement.</font>
<p class="\"body\""><font size="4" color="#000080">Scion will act as a
separate company, but will have access to Read-Rite's resources and
manufacturing infrastructure, Read-Rite chairman Cyril Yansouni said in a
statement. Read-Rite is contributing its Milpitas, California wafer fabrication
plant, technical and management resources and its knowledge and experience in
thin-film technology and materials science to Scion, which will be based in
Milpitas.</font>
<p class="\"body\""><font size="4" color="#000080">Tyco Ventures, the
venture capital unit of Tyco International Ltd. <TYC>, invested $15
million in Scion and also invested $15 million in Read-Rite through a private
placement with the company, Tyco Ventures president Richard Kashnow said in a
statement.</font>
<p class="\"body\""> </p>
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<font face="Arial" size="2"><font color="#ff0000"><b><i>CBS article:</i></b><br>
</font><a href="http://cbs.marketwatch.com/archive/20000907/news/current/screamers.htx?source=blq/yhoo&dist=yhoo"><font color="#008000">http://cbs.marketwatch.com/archive/20000907/news/current/screamers.htx?source=blq/yhoo&dist=yhoo</font></a></font>
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<font face="Arial" size="2"><font color="#ff0000"><b><i>For the complete
streaming audio story users should access</i></b></font><br>
<a href="http://www.on24.com/index.html?id=36870&type=av&ref=bizwire"><font color="#008000">http://www.on24.com/index.html?id=36870&type=av&ref=bizwire</font></a></font>
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<font face="Arial" size="2"><br>
ALWAYS DO RESEARCH BEFORE INVESTING IN ANY STOCK!!!</font>
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