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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: CASHSWISS who wrote (9206)	8/10/2000 10:56:14 PM
From: Starlight	Read Replies (3) \| Respond to of 9695

I just got home from the annual meeting a short time ago. It will take me a while to go through my notes and post all the info here, but for now I'll just hit some highlights: The company balance sheet is stronger than ever. There is enough cash to cover new R&D while waiting for revenue from other sources. There is a lot of excitement in the company about the new FIFO chips. Also, JPSI has a new line of products coming on stream and they expect a 30-40% rebound in sales this year. JPSI has successfully transitioned from a disk drive inspection system business to new business areas in precision measurements and precision motion controllers. JMAR Research continues to make progress on XRL and they have discovered that rather than the 90Watts they originally thought they needed for an X-ray source, it will probably be much less than that with the use of collomators. They feel now that 60W will be adequate. JMAR has a strong patent position in Advanced Light Technology. Still, they are probably another 1 1/2 yr. away from an entry level XRL system. JSI is focusing on proprietary semiconductors for the telecom market. The market for FIFOs in 1999 was $300 million, and there is room for competent suppliers. Most importantly, they have signed contracts with foundries through 2001 to supply all the chips they will need. Through 2000, they will use the TSMC foundry. For 2001 there are two Asian foundries they have signed contracts with that guarantee a minimum production of 650 wafers at EACH foundry. (Each wafer has a die yield of 2000. The small 9-pin FIFO chips sell for $9-25 each, and larger chips go for $25-100. As I said earlier, they're very excited about these new chips.) Forecasters say that by mid-2001 the current capacity constraints on foundries should ease. [Note - These chips will NOT be produced in the foundry that JMAR built for the govt. in Sacramento, however, JMAR will have use of that foundry for certain other specific chip production. A news release will be coming out on that later.] I will have more over the next few days. Betty