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Infinera Corp a Micro Chip Behemoth in the making ! |
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Wednesday, 13 June 2007 |
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Jagdeep Sing is not a very well-known name in India but this NRI intellect sent waves into the Wall Street with his Infinera Corp’s sensational listing and 52% gain in its valuations on NASDAQ making it a $ 1.5 billion group, building itself into one of the most successful manifestations in the global scenario.
Closely assisted by venture capitalist Vinodh Khosla and Pradeep Sandhu of Jupiter Networks this son of a proud India is rumored to have built a Microchip that is going to change the rules of the game relating to integrated circuits. In place of electrons this microchip will use light, this spectacular innovation has placed Infinera Corp in lines of sector behemoth Intel and AMD.
Intriguingly the US markets have backed Infinera Corp in spite of the losses the company has reported in its operations mainly owing to its successful demonstration of its photonic Micro Chip IPC.
Infinera Corp raised $ 182 million by selling 14 million shares at the initial price of $ 13 to see the price appreciate up to 70% just in a day making Infinera Corp a Billion Dollar Company.
Nonetheless the valuations attached to the scrip are being questioned by market analyst but there is very little left to speculation that investors have placed all trust in the founders of the company who have previously built successful companies and know their job well, market men place this company Infinera Corp in the likes of Search behemoth Google and phone company Vonage.
The common trait among these companies and Infinera Corp is the impudence of the innovation and idea that drives Infinera Corp. Time and time alone is the judge if Infinera Corp is going to be the next big
Stock Idea of the decade. I will get into the bricks and mortar of this company and will bring you my observations about Infinera Corp and its rudiments in my next post till then keep your fingers crossed.
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1. Written by Good Idea, on 08-04-2008 23:49 Good Idea | |