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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.

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To: Kent Rattey who wrote (880)9/18/1999 4:06:00 PM
From: RCDTD  Read Replies (1) of 2484
 
Kent, I've been tracking them for some time and receive updates from them. They have a really nice package that they send out complete with CD ROMS and all. There appears to be a lot of "FLUFF" but not followed up by action. I was first told that they were going public in August of this year. Then postponed for a couple of months. Now it's June of 2000. If you look at their investment package they employ many "marketing" type tactics. Looks like a lot of over head for a company not yet generating revenue. I was just dissapointed having waited for some that that they have not executed their business plan. That's where LUMM stands out!! Not only have they successfully completed their short term goals and objectives but in some cases ahead of schedule.

I must admit I was really impressed with the patents and applications of the technology. There were also some impressive names associated with them. However, they don't appear to really know what the plan is. I was also leery of the initial investors filing a litigation againts the company. I'm not an expert in the industry but it appears that their present technology would be a bit more expensive. LUMM utilizes the present infrastructure of photonic devices and basically replaces components with less cost but a more robust and flexible product. These are just my observations.

As noted on the RB board, George Gilder does not look at the technology alone but the management as well. I have been following LUMM and Nanovation for about the same lenght of time. LUMM a little bit longer. LUMM has surpassed NANOVATION when it comes to bringing their products to market. LUMM is way ahead and the lead is only getting longer.

Salud,
TD
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