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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Bob A Louie who wrote (791)9/10/1999 12:35:00 PM
From: chaz  Read Replies (1) | Respond to of 2484
 
Who was it the FBI collared in Germany recently. A well liked guy who just happened to have this larceny problem to the tune of $200 million plus who targeted a number of insurance companies. Don't tell me it can't happen. Molex, a very fine company, nets about 10% with a relatively mundane product....connectors. I'm not saying it is a scam, but don't expect me to believe that a chance to buy a major position in a company that could build 40-50-60% nets for a few years wouldn't be attractive. If it turns out to be a scam, would you be suprised? I'll wait for the factory, the pilot runs, the OEM design wins, the early purchases....the financials, especially the financials!

Already, I feel I'm overspending my time commenting about this. I'm going to give it a rest. But I will double check with Molex on Monday, and let everyone know what I'm told.