Luminex Corp. LMNX Message Board

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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: Hamilton Rogers who wrote (44)	5/16/2000 11:14:00 AM
From: Hungry Investor	of 47

Hamilton, Nice move today (at least this morning). Their top line is expected to be $5.4 million this year according to analyst estimates. If they just tread water for the remainder of the year they will make that - my guess is significant upside here. The challenge for management will be to hold margins (which I do not think will be a problem this year) and to hold down expenses. Newly public companies seems to have a tendency to spend their new found cash on employee perks (including new office space), sales and marketing programs including trade shows that often do not pan out and other expenses that the company never would have dreamed of spending when they were a private company trying to get out into the public markets. This will test management's abilities and determine whether this is a good stock or a great stock to own. I think that the sales will come on their own and sales and marketing programs designed to speed this process up will only create more cost than revenue. my 2 cents Scott.

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