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

To: Mike Hardy who wrote (1180)	11/22/1999 9:24:00 AM
From: lindend	Read Replies (1) \| Respond to of 2484

Mike, Now this more like it. Thank you. You are correct that Molex has agreed to purchase the entire production run for 12 months, but the Form 10 goes on to say that there will be no significant production during the next 12 months The Company's future will depend on its ability to develop and commercialize products based upon its proprietary technologies. The Company's first product, the DWDM optical chip, has only recently entered pilot production in limited quantities and the Company expects to make only limited shipments of chips in 2000. Even if the Company's products appear to be promising at commercial launch, they may not achieve market acceptance, may be difficult or diseconomic to produce in large volumes, fail to achieve expected performance levels, have a price level that is unacceptable in the industry or be precluded from commercialization by the proprietary rights of others. There can be no assurance that the Company will be able to successfully develop, manufacture and market products on a timely basis or at all, achieve anticipated performance levels, gain industry acceptance of the Company's products or develop a profitable business. Again, I do not see this particular statement as the company proving itself. Its still a development stage company. IMHO, proof will come after the initial run if Molex exercises its option AND other customers are obtained. Furthermore, I still can't see how additional financing can be obtained without affecting existing shareholders. But to each his or her own.