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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: pat mudge who wrote (1558)3/14/2000 1:42:00 PM
From: Don Johnstone  Read Replies (1) of 2484
 
<<<This shows a lot of respect for their shareholders>>>

True. Shareholders with deep pockets.

I hear Bookham will shortly go public in an undertaking handled by Goldman Sachs. It will likely be a repeat of Sycamore all over again in the trading rise from the priced figure on the first day.

Then there is Nanovation in Miami which is scheduled to go public this spring. Another high flyer expectation.

I would have bought any of those when I bought LUMM but they were private and my pockets were not so deep then. So I bought what was available - LUMM, kind of a pre IPO placement then, but it traded on the OTC:BB. I understand LUMM will have an IPO, or rather a qualified IPO, after their listing on NASDAQ NMS in a month or so.

With the shares now out I guess the placement will be priced in relation to the stock price. No Sycamore/Bookham/Nanovation price rise action for us present shareholders. Maybe we'll get lucky, though. You never know.

Cheers,

Don
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