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


To: P. Ramamoorthy who wrote (2166)1/18/2001 9:02:57 PM
From: John Curtis  Read Replies (1) | Respond to of 2484
 
Familiar pattern? Oh....I can think of at least one other equity that's done pretty much the same thing! ;-) Anyway, I don't see this news moving the equity all that much. It's a "Hey, somebody wants to beta test some of our product!!!!" type of announcement.

But don't get me wrong. I don't consider this bad. It's proof the industry is interested in what they have to offer. LUMM management has to continue in this direction and keep building that interest; not to mention plant infrastructure.

Even so, I might just start accumulating a long position on any future dips. However, right now I'm full on in monitor mode.

Regards!

John~



To: P. Ramamoorthy who wrote (2166)1/18/2001 9:31:41 PM
From: jjs64  Read Replies (2) | Respond to of 2484
 
I only hope the sheeple out there read this PR and buy this reverse-merger POS, and give me some nice >$10 upticks....please please please!

I pray, of course, that the sheeple are too stupid to note this line in the PR:

announced the receipt of an initial order for a customized AWG (Arrayed Waveguide Gratings) sample product.

This great sentence contains the truth of this latest LUMM pr...the "order" is only for a sample, built to a custom specification. In case you are not familiar with how engineers buy samples, here is a pretty good simplification:

Engineer "Hey I need to find a waveguide for my companies hot new product"
Purchasing Dept. Functionary "OK, which one"
Engineer "I don't know, buy me 1 of each one you can find with these specs, and then I will choose the one that works best for us"
Purchasing Dept. Funcitonary "OK, I will call every company in the space and ask them to design a waveguide to our custom specs, and then I will buy a sample."

Folks, this is NOT a production order, its not a volume order, it is, however, a very funny press release that makes me laugh.

Buyer Beware!