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Technology Stocks : Lightpath Technologies: LPTH New WDM player
LPTH 10.81+5.9%11:55 AM EST

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To: craig crawford who wrote (38)6/5/1997 11:08:00 AM
From: Michael Dunn   of 1219
 
Craig,

While a completely agree with you regarding the bright future for WDM I have some reservations about investing in Lightpaths. They are extremely small and have a poor balance sheet. They seem to be bleeding cash. Currently it seems that most of their revenue is government (AF, DARPA) related. So while I am excited about lightpaths from a technology point of view, their valuation and balance sheet make me nervous. What is your view on their balance sheet and valuation?

Mike
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