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Technology Stocks : JMAR Technologies(JMAR)

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To: Michael Dunn who wrote (7800)	4/19/1999 2:43:00 PM
From: real_time99	Read Replies (2) of 9695

I agree that the "paradigm" (dont you hate that word!) in the lithography business has been for the stepper manufacturers to buy the light source to integrate into their system and then sell the system to the semiconductor manufacturers. This is primarily because the sources in the past have been a smaller portion of the cost of the total system. What is unclear is whether this routine may change in the future, at least with X-ray litho. Since the type of XRL system which most people have focused on to date has been the extremely expensive synchrotron, it appears that the means of marketing in this area of XRL has differed from the traditional. The question is whether JMAR's point source will be marketed in the traditional manner (i.e., by convincing stepper manufacturers to incorporate it into their steppers) or by marketing it directly to the semiconductor manufacturers, who can then dictate which stepper should be used with JAMR's source. I suspect it will be a little of both, since JMAR needs both acceptance from one or more stepper manufacturers and, ultimately, from one or more semiconductor manufacturers.

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