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To: stockman_scott who wrote (33287)3/13/2001 4:43:07 PM
From: im a survivor  Read Replies (4) | Respond to of 65232
 
I noticed ITWO was up about $4 or so today....how many million shares did ICGE get for giving them Rightworks!!??!!......Yep, just give the markets time to stabalize..could be next month, could be 5 years....but I think there will be some unhappy campers that looked at icge for $3 or less and said "nope, no earnings, I aint buying it"......my personal opinion is people will wish they had piled it on the back of their truck under $5....but thats my opinion only.....But I do feel if the market dicates that we look at the future and base our decisions on what we feel will happen, not what has happened, then I feel very good about buying icge at these levels......if.....when...nazzy comes back, icge will also....and IF IPO's ever get hot again, they will take off bigtime...if IPO's do not come back, ICGE has built a solid stable of companies that are moving towards profitability on their own......anyway, I was just thinking that awhile back somebody had mentioned that icge was kind of like the GE of the new millenium.......in a way, they are.....lots of good solid core businesses, each growing nicely......alliances with many large names.....a nice little stock portfolio that should be greatly enhanced if naz ever comes back...for instance, how many millions, just today, just from itwo moving up $4 make icge?? Considering itwo is back around the price they got it at, they are back to even on their itwo shares, but bottom line is how many millions did their cash position increase on that one position alone today...and IF, the market comes back...what if itwo goes to $50, or $75.....what about all the other stocks, companies that icge owns....seem's like she is selling cheap, if you believe in her future...if not, it's a waste of money....but, I will say this.......if the market continues this downtrend....does it matter if you own icge or intc.....? Not if their both gonna be $5......Now I know Ed will jump on me for saying intel and icge in the same statement...in fact, It is not fair...one is a behemoth and one is a wannabee....but, INTC already makes lots of money and their growth is slowing....icge is just getting cranked up...lots of upside potential......again, I am not comparing icge with intc, that would be ludicrous, but I do like the future potential of icge should the markets rebound eventually.....JMO

Keith



To: stockman_scott who wrote (33287)3/13/2001 5:06:54 PM
From: SecularBull  Read Replies (1) | Respond to of 65232
 
Speculative: Lumenon and Litton Poly-Scientific Team to Develop Advanced COADM Technology

ST. LAURENT, Quebec-- March 13, 2001--Lumenon Innovative Lightwave Technology Inc. (NASDAQ NM:LUMM - news) and Litton Poly-Scientific (a division of Litton Systems Inc., Woodland Hills, California) today announced plans to jointly develop an advanced MEMS-based photonic switching solution.

This initiative will leverage Litton Poly-Scientific's proven expertise in high performance and high reliability MEMS devices for critical applications and Lumenon's adaptive PHASIC process for manufacturing high performance, Arrayed Waveguide Gratings (AWG) devices, to offer the telecom industry an innovative Configurable Optical Add-Drop Multiplexer (COADM) solution.

Lumenon is a developer and high volume manufacturer of critical optical devices for the global telecom, datacom and CATV markets. ``This initiative is in response to the telecom industry's ever-increasing need to move traffic around the network faster and more cheaply and is in keeping with our strategy to be a leading optical solutions provider. We are very excited about teaming with Litton,'' says Mark Andrews, Lumenon's Vice President and Chief of Technology.

Litton Poly-Scientific manufactures a variety of fiber-optic components designed for military, industrial and commercial applications and has pioneered MEMS technology for military applications for more than 10 years. Norris Lewis, Litton Poly-Scientific Vice President of Technology says ``that the combination of Litton's MEMS expertise with Lumenon's sophisticated optical component solutions will result in a very competitive COADM solution.''

About Lumenon Innovative Lightwave Technology, Inc.:

Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds integrated optics devices in the form of compact hybrid glass circuits on silicon chips. These photonic devices - based upon Lumenon's breakthrough hybrid glass technology and patented PHASIC(TM) process - offer communications providers the ability to dramatically boost bandwidth in fiber-optic cabling, the pipeline for today's burgeoning telecom, datacom and CATV industries. Web site: www.lumenon.com

About Litton Poly-Scientific:

Litton Poly-Scientific is an innovative motion technology and fiber-optic products company with design and manufacturing capabilities for a variety of rotary motion components, including precision motors and slip rings and for a variety of fiber-optic components including hybrid optical transceivers, silicon micro-machined commercial and mil-hardened switches, precision fiber alignment V-groove assemblies and numerous custom optical devices. Litton Poly-Scientific is headquartered in Blacksburg, Virginia, with operations in Murphy, North Carolina and Springfield, Pennsylvania. Web site: www.litton-ps.com

Litton is the largest builder of non-nuclear ships for the U.S. navy and designs, builds and overhauls surface ships for government and commercial customers worldwide. The company is a prime contractor to the U.S. government for information technology and provides specialized IT services to commercial customers and government customers in local/foreign jurisdictions. Litton is a leading provider of defense and commercial electronic technology, components and materials for customers worldwide. Headquartered in Woodland Hills, California, Litton reported annual revenue of $5.6 billion and more than 40,000 employees for the year ended 7/31/00. For more information, visit Litton's web site at www.litton.com

For more information about Lumenon Innovative Lightwave Technology, Inc., visit the Company's Web site at lumenon.com. Or contact Kirk Petersen, Communications Manager at 514.331.3738 ext 6430 - kirk.petersen@lumenon.com

This press release contains certain ``forward-looking'' statements, as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in the Company's filings with the regulatory authorities having jurisdiction.

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE.

This release and prior releases are available on the KCSA Public Relations Worldwide Web site at www.kcsa.com.