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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: Fred McCutcheon who wrote (2224)4/13/2001 3:02:25 PM
From: Herc  Read Replies (1) of 2484
 
<<Subject to Lumenon testing and proving its technology and its ability to manufacture and deliver certain devices, Molex is committed to purchase the entire 8, 16 and 32-channel DWDM production of Lumenon at gross cost plus 25% for the first 12 months of production, up to a maximum number of 400 units per month.>>

You could be right that MOLX decided the demand isn't there. But the end of the partnership removes LUMM from MOLX's wings. Greater risk for LUMM since they don't have a guaranteed market, but also the potential for greater profitability
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