JMAR Technologies (JMAR) and warrants (JMARW)
Price = 2 1/4
Symbol (JMAR) Nasdaq
Warrants (JMARW)
News: biz.yahoo.com
Web: jmar.com
JMAR has three emerging and complementary commercial businesses, all with larger potential markets than the precision measurement business and all expected to begin contributing significant revenues and profits within the next 6-18 months: (1) a breakthrough in advanced laser-based machining technology which addresses a $500 million market; (2) a fabless specialty semiconductor business which addresses a several hundred million dollar market; and (3) a breakthrough in chip manufacturing lithography which addresses a multi-billion dollar market. Please see JMAR's web site at jmar.com for more information on each of the following investment highlights:
Precision instrument business —a $110 million market. JMAR's core business, precision positioning and measurement equipment, has grown at a compounded average growth rate of 65% since 1994. The total market size in which JMAR currently competes is estimated to be approximately $110 million and comprises primarily manufacturers of computer disk drives and semiconductors. The core business, in addition to generating most of JMAR's profits and sales, provides key positioning and optical measurement technology for JMAR's R&D programs in advanced machining technology and advanced X-ray lithography.
New advanced machining technology —a $500 million market. Britelight(tm);, JMAR's patented ultra-precision laser, is scheduled to commence commercial prototype production in late 1998. Incorporating JMAR's precision motion control and positioning expertise and experience, Britelight is intended to replace many currently available fabrication tools to enable the manufacture of critical parts with a higher degree of precision. The potential market for Britelight applications is estimated at $500 million. Commercial shipments are expected to start in 1999.
New fabless semiconductor business —a several hundred million dollar market. To take full advantage of its expertise in chip design and process technology, JMAR converted its semiconductor business to a fabless operation which designs and provides chips for a wide variety of uses. It should begin to contribute to JMAR's profits by year-end 1998. The fabless strategy minimizes capital requirements, maximizes speed and flexibility in meeting customer needs, and provides critical state-of-the-art market visibility for JMAR's laser and lithography activities.
New advanced X-ray lithography technology—a multi-billion dollar market. Lithography is a photographic process which uses precision light sources to copy intricate computer-generated electronic circuit designs onto semiconductor chips. It is the fundamental process in the manufacture of semiconductors. JMAR's point source X-ray lithography technology ("PXS") utilizes the Britelight laser to generate the X-rays required to print microscopic circuits much smaller than today's state-of-the-art circuit size. As the semiconductor industry moves into the pilot plant phase and then into full-scale production with chip manufacturing technology capable of producing feature sizes of 0.18 microns and smaller, JMAR will be ideally positioned to exploit the commercial advantages of its PXS technology. In 1999, JMAR plans to produce a full-power demonstration unit and sell its first complete systems to be used by its customers in their advanced semiconductor process development activities. As semiconductor manufacturers make the additional investments to incorporate advanced x-ray lithography into their fabrication lines, it is expected that orders for JMAR's PXS equipment will grow rapidly.
Strong financial position. A strong financial position enables JMAR to optimize its R&D for maximum commercial advantage and ensure the highest standards in quality control and delivery schedules. JMAR had a long-term debt/equity ratio of 0.06, a current ratio of 2.8 and $3.6 million in cash and cash equivalents as of June 30, 1998 and $5.0 million of available bank credit line at prime rate.
JMAR main SI discussion: Subject 2377
YAHOO JMAR stock conference
messages.yahoo.com
Home Page:
jmar.com
Investor's Daily Article on JMAR:
jmar.com
Individual Investor Article on JMAR:
jmar.com
|
