Paul, you will notice that today, a lot of the long-termers were buyers today. Myself, Candle Stick, Betty. I think it is safe to say that we 3 feel that the decline in the short-term is temporary and that long-term we are going to do very well. I will try to answer your questions that you put to the best of my knowledge:
1)Does JMAR have customers ready to order Microlight, or are they just going to produce them and hope to sell them later?
It is my understanding that they have some customers ready to take delivery sometime early in 1998.
2)What milestones has the XRL progam met and what timelines for the year are anticipated?
I believe that JMAR has had successful demonstations of the XRL source in front of several large players. (I am guessing that IBM was one of them.)
3)How many customers have or are going to be buying Mirage?
Good question. I think that Seagate and IBM are buyers, and maybe Western Digital. JMAR intends to greatly expand into the hard-drive industry in 1998. They have several other devices that inspect the disk itself and the armature.
4)Why is there not more information about the Lightning system used for CPU production?
There was information on the last two videos that JMAR did. I suggest that you get a copy. The Lightning has been around a while, just did not have a name. JMAR started to give their devices names.
5)Where does the Light Knife stand and what timeframe is anticipated for market introduction?
I would like more info on this myself. My understanding is that it is up to the company that is going to distribute them (BD). Apparently BD may want to use the light knife for other uses, including the introduction of drugs into the body via the light knife. This could be huge. Also, JMAR looking into Dental and other uses. This is a real sleeper. My guess based on incomplete info is introduction in the second half of 1998. FDA approval will be easier since others have gotten FDA approval. Always easier to get approval for a like device.
6)What happened to the Santa Fe Laser deal and what are the plans to replace that source?
JMAR's due diligence shot down the deal. They probably are looking for others. A good idea since the majority of new products will rely on these diode pumped lasers. If JMAR controls the manufacture of these it will give them a competitive advantage.
7)How close are they to carving out CATS and what effect will that have on the balance sheets.
I think this is very close to being resolved. I would expect it to be favorable on the balance sheet. JMAR has already taken losses in its quarterly reports. JMAR will probably hang onto certain portions of CATs that will help it with its businesses.
8)And why did they decide to limit the recent private offering other than concern about dilution?
I think they felt that they had raised enough money to do what they needed to launch the Bright Light technology. My understanding of the situation was that the Swiss said they could raise the $10 mill. That is how they came up with that figure. Market conditions changed in the interim (remember the market decline?). That scared off some of them.
Hope that helps... As to how a long-termer determines whether a stock is a better with a declining stock is a personal thing. I am looking at the increase in revenues, the fact that several new product lines should be ready to go in 1998, XRL will be more developed, Light Knife should be introduced, Micro Machining should be introduced also. And JMAR will expand its Hard Drive industry presence. As to price goals, I have had a goal of $20- $25 for quite a while. Currently my hope is to achive that goal in 2-3 years when JMAR is running on all cylinders.
--Bilberry |
