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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: Herc who wrote (1760)5/19/2000 11:01:00 AM
From: jjs64  Read Replies (2) of 2484
 
Herc;

I believe you mean technophile, as a technophobe would be someone with an irrational fear of technology.

How does MOLX owning 3.5 million shares make LUMM well-funded? How much cash did MOLX pay for those shares? I'll give you a hint....pennies. The evidence of LUMM's financial condition is not press releases or stock chat posts by touts, it's called a balance sheet...and LUMM's is weak.

As for products, LUMM doesn't seem to have actually MADE anything that is commercially viable! Has LUMM even shipped anything to a real customer?

What were LUMM's revenues in 1999? What were Bookham's? I'll give you a hint....significantly greater.

Plus, I see longtime LUMM holder / fellow POS stock Pine Tree Capital is selling a nice big block of LUMM. Some vote of confidence.

Buyer Beware!
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