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Technology Stocks : Luminex Corp. LMNX

LMNX 36.55

-3.2%

Jan 9 9:30 AM EST

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To: Hungry Investor who wrote (34)	4/25/2000 10:07:00 AM
From: Hamilton Rogers	Read Replies (1) of 47

Warburg Starts LMNX As Strong Buy, Target $50 NEW YORK, April 25 (Reuters) - Warburg Dillon Read said Tuesday it had started coverage of Luminex Corp. , which develops a technology that simplifies biological testing, with a strong buy rating and set a $50 price target on the shares. -- said Luminex's technology is used in three key market segments: drug discovery, biomedical research and diagnostics. "We believe that all three markets will experience very rapid growth in the future...," Warburg said in a report. -- report said that as of February, Luminex had placed about 114 systems with about 63 customers. -- predicted that Luminex will be profitable in 2001. -- Shares of Luminex closed on Monday at 19. ((--New York Newsroom 212-859-1700)) REUTERS Rtr 09:08 04-25-00

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