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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.780.0%Dec 31 4:00 PM EST

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To: Jibacoa who wrote (2208)2/20/2008 2:55:19 PM
From: Jibacoa   of 3722
 
LMRA is up 18.97% after news, but not related to its Plexera Biotech division.<g>

bigcharts.marketwatch.com

It announced today that it had entered into an agreement with Asyrmatos, a privately held Boston-based company, to develop telecommunication products that will be enabled by LMRA’s millimeter wave communication technology.

LMRA will acquire 25% of Asyrmatos in exchange for the intellectual property associated with the technology & willl have a seat on Asyrmatos’ board & an option to acquire the outstanding stock of Asyrmatos in 2012.

The stock has now closed its Jan 29 UG & needs to close above the resistance at the $3 level before retesting the Jan 29 H

bigcharts.marketwatch.com

I will keep my target at $5 <g>

bigcharts.marketwatch.com

Bernard
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