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

To: richroni who wrote (2201)	3/15/2001 9:35:29 PM
From: pat mudge	Read Replies (1) \| Respond to of 2484

But it was shares they gave up for R&D, not cash. Those shares would have been worth $40 million if the research had been completed today. The $275 million or so in development costs was a mandated accounting inclusion and was the market value, at the time, of the shares given to Molex. Today those same R&D costs would have shown up as $40 million in expenses. Sorry if the numbers are not exactly correct. No matter how you do the accounting, that's a lot of shareholder value walking out the back door. Pat