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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.

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To: Devil's Advocate who wrote (913)9/22/1999 4:41:00 PM
From: RCDTD  Read Replies (1) of 2484
 
Hi Devil,

That too has been discussed. Remember that we are investing in the future. Not the present capacity. I had DELL for 3 years. Many analyst and my broker at that time said, DELL?s market cap is far to high and it was a bad investment. Well, they kept growing over 50% every quarter. So, people kept investing in their future. Got a few splits out of it and enabled me to have some cash to invest in LUMM. Healtheon and WEBMD has been loosing money since they started operations. Why the multi god zillion market cap for HEALTHEON? People are investing in their future!! Many, many, many companies trade way beyond their market cap. We have to look at the big picture.

300 million presently is miniscule compared to the potential of LUMM. The big plant already being planned can produce 25 times the pilot plants capacity. Hopefully many more plants to come soon. The DWDM IC chip is just the beginning. Many other prototypes for other products with great potential are already in the works. There are many Tele-communications photonic devices that can benefit from LUMM?s PHASIC technology. Of course, they are figuring out the most lucrative and strategically beneficial for their future. After tapping into the tele-communications market, there are still the data communications devices. A LUMM chip in every computer will make this 300 million market cap like nothing. When LUMM was at .55 cents, there was no strategic partner, no pilot plant and basically was just a concept. The market cap then was at about 25 million for a theoretical company. In record time, this company has put together a hosts of partners, put up a pilot plant in record time and performing testing of chips. LUMM had ambitious target dates for their goals and yet achieved them with there aggressive and mostly intelligent decisions. I?m sure there are many more plans in the works that we the general public are not aware of. I have been surprised plenty of times to know that LUMM intends to get the job done. As long as LUMM continues with the trend of achievements they have accomplished, they will certainly become the next "Intel".

As you said, time will tell. I?m betting in two years I will be on a permanent furlough.
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