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

To: Mike Hardy who wrote (1605)3/20/2000 1:04:00 PM
From: pat mudge  Read Replies (1) | Respond to of 2484
 
They would not have gone ahead with this second closing if the product wasn't successful in trial runs.

I talked to management at OFC and was told the 8-channel won't be integrated with Molex's products until late spring - early summer at which time certification testing begins.

Molex's investment of $750,000 is a drop in the bucket. It would be worth checking on the company's burn rate. Some pre-IPO companies run through this amount in a week.

Pat



To: Mike Hardy who wrote (1605)3/20/2000 8:24:00 PM
From: jjs64  Read Replies (1) | Respond to of 2484
 
Why wouldn't they? They are only paying 25 cents cash a share for their stock in LUMM. With LUMM trading ANYWHERE above .25 its rational for them to close. Think about it.

Buyer Beware!


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