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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.

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To: P. Ramamoorthy who wrote (2166)1/18/2001 9:31:41 PM
From: jjs64  Read Replies (2) of 2484
 
I only hope the sheeple out there read this PR and buy this reverse-merger POS, and give me some nice >$10 upticks....please please please!

I pray, of course, that the sheeple are too stupid to note this line in the PR:

announced the receipt of an initial order for a customized AWG (Arrayed Waveguide Gratings) sample product.

This great sentence contains the truth of this latest LUMM pr...the "order" is only for a sample, built to a custom specification. In case you are not familiar with how engineers buy samples, here is a pretty good simplification:

Engineer "Hey I need to find a waveguide for my companies hot new product"
Purchasing Dept. Functionary "OK, which one"
Engineer "I don't know, buy me 1 of each one you can find with these specs, and then I will choose the one that works best for us"
Purchasing Dept. Funcitonary "OK, I will call every company in the space and ask them to design a waveguide to our custom specs, and then I will buy a sample."

Folks, this is NOT a production order, its not a volume order, it is, however, a very funny press release that makes me laugh.

Buyer Beware!
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