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Technology Stocks : Optical Networks and Components, DWDM and Tunable Lasers -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (90)2/17/2000 8:41:00 PM
From: Greg Thornton  Respond to of 275
 
Does anyone here have an opinion on Lumenon?

I'm sure you have all heard the story about Lumenon and the rocky road it has taken to get where it is today. Fortunately for us, we can buy all the LUMM we want at pre-IPO prices since they chose another method for going public originally, a reverse merger.

For those of you who may be interested in getting in on the ground floor (okay, maybe the second floor) of a growing company in the exploding field of photonics, check out their website at the following url:

lumenon.com

You will find some good information on the company there. Their SEC filings contain more detail, of course, and can be found at:

freeedgar.com

You can also find some research on the company at:

groomecapital.com

You must register with them but once you do you can read their reports for free. Be sure to look at the extensive report they wrote on Lumenon back in November.

Currently LUMM is trading on the pink sheets after getting a raw deal from NASDAQ and lack of timely response from the SEC to their initial filing in early November. They have already submitted several amendments and the frequency of the recent filings leads me to believe that they are close to satisfying the SEC. Once their 10/12G is approved Lumenon will be fully reporting and their stock should be eligible for trading on the OTCBB again in a matter of days.

After they get back on the OTCBB they will continue their pursuit of a full NASDAQ NMS listing, for which I believe they already qualify.

They are planning to premier their first world class pioneering photonic chip product at the OFC 2000 in early March. They are breaking ground to build a new 32,000 square foot facility that will be used manufacture the first photonic DWDM chips for mux/demux devices. This new plant will have the capability of producing 500 chips a day initially and up to 1000 chips a day with a second line. Also, there will be enough room for other manufacturing equipment if necessary to produce other devices that are currently in the planning stages.

Lumenon is still in the early stages of development but once the stock is trading on NASDAQ NMS I believe there will be huge demand for it, ala JDSU, ETEK, AVNX, and others.

There are some good technical discussions in the following forum if you are interested:

clubs.yahoo.com

You must join the club to post but I think you can read the posts there without joining.

If you haven't figured it out by now, I am already holding a number of shares of LUMM!

Check them out or at least keep an eye on them. Lumenon is a photonic company that shows great promise, IMHO.

Greg