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Technology Stocks : Laser Power Corporation (Nasdaq : LPWR) -- Ignore unavailable to you. Want to Upgrade?

To: a.m. fisher who wrote (55)	1/13/2000 11:31:00 AM
From: a.m. fisher	Respond to of 67

so now that I KNOW more about what we do here: I like reading this from their AR: <<The increase in product sales was due primarily to increased shipments of infrared optics on long-term production contracts, partially offset by reduced shipments of laser optics. Laser optics orders decreased due to delivery delays resulting from relocation of the laser optic product line to the Company's Temecula, California facility, and increased competition.>> delivery delays from a move and increased competition = that's understandable and the competition validates the area of business << The increase in contract research and development revenues was due to a significant subcontract to design and construct a large aperture optic thin film coating facility at the Temecula location, for which there were no revenues in fiscal 1998. >> construction of a large aperture optic thin film coating facility, for which there were no revenues = one would think there WILL be revenues from that plant at some point. It appears to me that they are shifint their focus and have been for some time. What is the significance of the EMI acquisition? A.M.