Okay, Richard, if you want to provide an opposing view -- that's fine. However, it shouldn't be misleading to those who read it who might not know much, if anything, about the company.
The IBM situation is clearly different than JMAR's and there is
little doubt that it will succeed. IBM has the markets and the
products. Their XRL will be going into their own products so they
already have an outlet. IBM will also be producing chips for
others as well. JMAR will be doing neither of those things.
IBM has the markets . . Regarding XRL, JMAR (if successful) will have a ready-made customer -- the U.S. Government. After all, they're the ones who are funding the whole operation, and they wouldn't be doing that if there weren't some advantage to them in the end. So what's the big advantage? Smaller chips for military fighter planes for one. Today's planes carry thousands of chips to support all the hi-tech gear in them, and smaller chips means less weight, less heat, more power and more space in the planes. (Plus they can pack in more chips.)
IBM has . . . products. Their XRL will be going into their own products JMAR has products that can use chips produced with XRL, too. One of the things we were told at the annual meeting was that beyond 1998, inter-divisional synergies in the company will start to pay off. That means products made in one division or knowledge gained in that division of the company will also be used in other divisions. XRL could be used by JSI, for example, and put in products made by JPI (advanced precision instruments).
Finally, I'm not going to say that all of this is a guaranteed "slam-dunk". We have a very scarey market right now, and even if JMAR announces great news, it won't have the same effect as it would have several months ago. People are getting more cautious, and it will take some time to build confidence in JMAR as well as the rest of the market. We might see the market go a lot lower in coming months, but if you're already a JMAR stockholder, I wouldn't be selling right now.
Betty |
