Gigoptix, Inc. Message Board

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Technology Stocks : Gigoptix, Inc.

GIG 10.71

-0.8%

9:30 AM EST

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From: tktrimbath	7/1/2008 12:54:22 AM
	of 148

mid-year review of LMRA INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too. (market cap $0.02B) Lumera is a high tech company and a very speculative stock based on exploiting the electro-optical of "organic" materials. Their focus areas were switches, antennas, and bio-arrays. They developed a division based on the bio-array business called Plexera. While Lumera has some products in the marketplace, they have no appreciable revenues. After the departure of their CEO, the company seemed leaderless. Subsequently, the company is being merged or acquired with a private firm and will become a new public firm called GigaOptix. A few years ago, the CEO agreed that Lumera only needed one successful product to become a viable company. Evidently, that has not happened. The Plexera division has been closed and the new firm will rely more on the switching technology. I will continue to hold as the shares change into a new company because the total value of the shares is too low to be worth sweeping up into something else. I am encouraged by the GigaOptix management as they seem to be more active and willing to make hard decisions about product focus. It will probably take a year or so before the new company can be properly evaluated. The only thing that would allow an earlier look, would be substantial and sustainable product revenues. It might happen, but I haven't seen anything to suggest that such a good event is expected. DISCLAIMER LTBH since 2004.

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