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

To: pat mudge who wrote (1751)	5/15/2000 9:49:00 AM
From: nord	Respond to of 2484

Lumenon: Nasdaq National Market Listing Approved 4/12/00 6:27:00 AM Source: Business Wire Business Editors ST-LAURENT, QUEBEC--(BUSINESS WIRE)--April 12, 2000--Lumenon Innovative Lightwave Technology, Inc. (OTCBB:LUMM) is pleased to announce that its application to list its Common Stock on the Nasdaq National Market has been approved. Trading of the Common Stock of Lumenon on the Nasdaq National Market is expected to begin on April 13, 2000. The ticker symbol will remain LUMM. "This is another significant milestone that we have met from our business plan", said Mr. Vincent Belanger, Chief Financial Officer. "Other significant events such as the construction of our new manufacturing plant in Ville St-Laurent as well as the building of the full team are well under way and are taking us closer to our goal of volume manufacturing of photonic chips in 2001", he added. Lumenon designs, develops and builds integrated optics devices in the form of compact hybrid glass circuits on silicon chips. Lumenon's shares are currently listed under the symbol LUMM (OTC BB); the trading of Lumenon stock on the Nasdaq National Market is expected to begin on April 13, 2000. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Forms 3 definition: not intention to buy sell but state ownership as recquired afted Nasdaq listing Insiders must make an initial statement of holdings via the SEC's Form 3 within 10 days after gaining their insider status. Subsequent changes in ownership must be reported to the SEC on a Form 4 by the 10th day of the month following an insider's trade. Any trade by an insider in the month of January, for instance, must be reported to the SEC by February 10. -------------------------- The following is an 3 file required by the insiders 1. ANDREWMA HOLDING INC B/O - 3 - - - 4,687,500 D 5/10/00 2. ANDREWS, MARK P. CTO - 3 - - - 200,000 D 5/10/00 3. BELANGER, VINCENT CFO - 3 - - - 1,000 D 5/10/00 4. LI, CHIA-YEN COO - 3 - - - 25,000 D 5/10/00 5. MOLEX, INCORPORATED B/O - 3 - - - 4,666,667 D 5/10/00 6. NAJAFI HOLDING INC. B/O - 3 - - - 5,037,500 D 5/10/00 7. NAJAFI, S. IRAJ PR - 3 - - - 200,000 D 5/10/00 8. ROSS, REGINALD J.N. VP - 3 - - - 50,000 D 5/10/00 9. MCCRILL UNIVERSITY - 125,000 144 - - $5.00 - - 4/27/00 10. NAJAFI, S. IRAJ PR 97,000 S 3/31/00 - 3/9/00 $44.00 - $21.69 - 103,000 D 4/19/00 11. LI, CHIA-YEN COO 5,350 S 3/13/00 $30.00 - $28.19 - 4,650 D 4/20/00 12. ANDREWS, MARK P. SEC 5,000 S 3/10/00 $27.63 - 10,000 D 4/20/00 13. SURFACETECH INC. - 175,000 144 - - $1.75 - - 11/15/99 14. TOUAM HOLDINGS INC. - 175,000 144 - - $1.20 - - ------------------------------------------------------------ As you can see the principals hold the vast majority of the stock. The fact that they sold a small percentage of the net holdings is of no significance to me. The fact that Molex and private (PPF) finacing for the new production facility at levels well above the current market price are of more note. Also the fact that SDLI was willing to pay PIRI in excess of $1.4b for what I believe to be less evolved technology with less potential for cross connect adapatability the biggest market for optical chips makes me happy to be a holder of LUMM with a market cap of under $400M Regards Norden

To: pat mudge who wrote (1751)	5/17/2000 6:56:00 AM
From: Herc	Read Replies (1) \| Respond to of 2484

Street.com on BKHM. <<LONDON -- Since going public in April, Bookham Technology (BKHM:Nasdaq ADR - news - boards) gave investors their first insight into its efforts to become "the optical Intel (INTC:Nasdaq - news - boards)," when it released impressive first-quarter sales figures on Tuesday. The U.K. firm involved in the technology of photonics (the use of photons, particularly in telecommunications) reported revenue up 22% from the previous quarter to 2.5 million pounds ($37.5 million), which is a 563% jump on the same quarter last year. This rise was largely due to an 80% increase in product shipment. As expected, the company's net loss widened to 5.6 million pounds before National Insurance. (Bookham incurred the equivalent of U.S. social security taxes on the exercise of stock options not approved by the U.K. tax authorities). This is an increase from 4.5 million pounds in the previous quarter and 3.3 million pounds in the first quarter last year. The results were well-received and the shares closed up 338 pence, or 9.4%, to 39.13 pounds. On the Nasdaq, the ADR shares were trading up 5 1/8, or 9.4%, to 59 1/2. The shares are now some 280% above last month's initial public offering price of 10 pounds, and reflect the excitement the company and its proprietary technology are generating among investors and analysts. Bookham, which was founded in 1988, has devised a revolutionary approach to manufacturing optical components -- which generate, detect, route and control light signals in fiber-optic telecommunications networks -- based on silicon chips. This process, known as ASOC, replaces the conventional labor-intensive approach to manufacturing optical components with standard high-volume semiconductor production methods. Such technology is needed, because the amount of voice, data and video over the networks is increasing exponentially, creating greater demand for fiber-optic networks and the bandwidth on them. The consulting group Ryan Hankin Kent forecasts that the compound annual growth rate for fiber-optic components will be 41% through to 2004, when it should reach $30.9 billion compared with the $5.5 billion it was worth in 1999. However, the conventional method of manufacturing optical integrated circuits is slow and this has led to a shortage in these components. Bookham may solve this in one fell swoop with its high-volume, highly scaleable and potentially low-cost production method and design. "We hope to capture a large proportion of that market," Bookham's senior vice president of sales and marketing Giorgio Anania said following the results today. Analysts are optimistic that the company will do just that. Although Bookham is not expected to break even until 2001 at the earliest, and CFO Stephen Cockrell declined to "provide any guidance as to when the company would make a profit," 12-month price targets for stock are as high as 75. Christopher Crespi, analyst at Banc of America Securities, initiated coverage of Bookham with a buy rating and a price target of 65, which is approximately 65 times his estimated 2001 revenue of $99 million. Banc of America has a banking relationship with Bookham. Key to all this is Bookham's ability to increase production rapidly to meet the insatiable demand for these components, and generate sales volumes that would allow the company to lower manufacturing costs. Bookham also needs to beat back the competition and widen its customer base. Bookham's customers already include the three largest players in the overall market, Nortel Networks (NT:NYSE - news - boards), Lucent Technologies (LU:NYSE - news - boards) and E-Tek Dynamics (ETEK:Nasdaq - news - boards). However, according to the first-quarter figures, Canadian giant Nortel accounted for 54% of Bookham's business, which is up from the 30% in the previous quarter. Bookham points out that Nortel and Lucent represent more than 60% of the world market, so the fact that those two companies make up 63% of its business is merely a reflection of that. Interestingly, Nortel and Lucent are also two of Bookham's major competitors, as they provide their own product in the captive market. In the merchant market, Cockrell says that JDS Uniphase (JDSU:Nasdaq - news - boards) is Bookham's nearest competitor, but notes that Bookham is the only company with a silicon product. Certainly, the technology that Bookham has developed places it at the forefront of a high-growth market. And should it eventually be crowned the "optical Intel" that would especially cheer Intel itself. Why? Because Bookham's institutional backers include none other than the king of chips.>>