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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: RCDTD who wrote (820)9/12/1999 3:22:00 PM
From: surelock  Read Replies (1) of 2484
 
> Prospects for sales growth are impressive. Studies show that the market for dense
wavelength multiplexing systems should increase by close to 70% from 1998 to
2004, and will generate sales of $8 billion.
Mr. Najafi feels that Lumenon's market share will never exceed 1%

Is this a typo? Does that mean LUMM is currently selling for 2 times
best potential estimated 2004 sales (1% of $8 billion= 2X current
fully diluted market cap ~40 million)?
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