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Technology Stocks : JMAR Technologies(JMAR)
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To: Bilberry who wrote (3999)11/14/1997 2:27:00 PM
From: Starlight  Read Replies (1) of 9695
 
I have some news for JMAR holders. I just spoke to a company representative and was told I could say here that JMAR will NOT be acquiring Santa Fe Laser. JMAR has terminated their letter of intent to acquire the company because they found too many deficiencies. However, at some time in the future, JMAR will probably acquire another laser company as the ONLY way they can protect their proprietary information about the Brightlight laser is to manufacture it themselves. So before you all complain about another acquisition, bear in mind that it is a SOUND business decision in light of the circumstances. Also, regarding acquisitions -- most are done in order to put facilities in-house for certain manufacturing capabilities. It is faster, easier (and cheaper) to acquire a company that is already set up to manufacture lasers, for example, than for JMAR to build a plant, hire people, etc.

I'll add some more later -- have to run now.

Betty
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