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

To: pat mudge who wrote (1554)	3/14/2000 7:12:00 AM
From: Don Johnstone	Read Replies (1) \| Respond to of 2484

Hi Pat; I'll try to answer your questions. Usually I listen to your answers, at least on NN, so it's a task I hope I get right! The end product for these chips of LUMM are DWDMs. Molex was and is still in the WDM business supplying the likes of LU and others. Molex is involved because they want to expand their photonics business and when they learned about LUMM's developments they made an agreement with them. First shipments were planned for spring 2000, but they are ready NOW. Other vendors, as evidenced from the recent OFC 2000 show in Baltimore are asking for product, packaged or in chip form, NOW. LUMM never did go public itself. It took over a dormant US shell and then issued PPs to raise development money for a pilot plant and operating capital. It is those PP shares which now trade on the OTC:BB. Strength at the start was all with Molex, LUMM providing the intellectual property, which Molex appreciated and wanted. When the book is finally written on the inside story of what actually happened I would think a distinct possibility exists that Molex wanted to buy the technology outright but LUMM refused to sell so the involved agreement between them was formulated to arrange a cooperative deal beneficial to both parties. Molex started out 60+ years ago making flower pots using molds - thus the name Molex. They progressed and turned to molding connectors for the electric/electronic industry. Now they are into photonics and LUMM promises to be a big part of their success in photonics. Fortunately LUMM is now strong enough to go into the photonics industry on its own. With the Cisco Canada CEO on their board of directors and Canada slated to become Cisco's center of excellence in photonics, the place for LUMM in the scheme of things never looked better from where I sit, here in Ottawa awaiting the completion of Cisco's 2400 employee facility. Will Cisco buy LUMM out? It depends on LUMM's success in the marketplace, IMO, and the entry to the marketplace should begin any day now. Molex, in the agreement with LUMM has the right to receive the first year's production of LUMM's 8, 16 and 32 channel chips. LUMM also makes 4, 40, 64 and 128 channel chips. They can market those on their own, and intend to do so. I know I didn't give the answers to every question you raised, Pat, but I answered all those I could. Cheers, and welcome to LUMM land. I hope you don't think it is too much akin to Disneyland! And, BTW, I don't smoke. Don