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Aug 7 at 07:26 AM
$POET Tech(POET.US) | Wedbush on POET Technologies Inc: 'We'd note that the news will likely be viewed as positive'.
"Lumilens, POET: Emerges from stealth with $700M in additional funding and a hyperscale customer View: The optical startup yesterday announced that it has raised an incremental $700M, bringing total funding to $900M to date and valuing Lumilens at $5.51B. In addition, the company indicated that it has secured a multi-billion supply contract with one of the four large US hyperscale accounts. We'd note that the news will likely be viewed as positive for POET Technologies which earlier this year had announced a $50M Lumilens purchase order for EOI based engines."
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