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

To: pat mudge who wrote (2277)	5/27/2001 7:04:17 PM
From: richroni	Read Replies (1) \| Respond to of 2484

At the beginning of the March Q, they had 5,713M in cash and subsequently added $11,394M Are you sure it wasn't 23.445 million US sec.gov This also may be of interest to investors: THE LUMENON SOLUTION We design, manufacture and market optical components solutions that generate, detect, route and control light signals in telecommunications networks that use light-carrying fiber-optic cables instead of electrical copper wires. Specifically, our solutions take the form of circuits that have been etched on silicon chips through a patented sol-gel manufacturing process that we call PHASIC(TM). By using silicon chips, we can take advantage of standard, high volume semiconductor production methods and processes. While traditional fiber-optic component manufacturers combine discrete elements, such as lasers, lenses and filters, in manually assembled devices, we can achieve the same functionality in a single integrated chip with our proprietary silicon-based optical circuitry. The process is similar to the design and production of microelectronic chips widely used in computers and telecommunication applications. We have chosen the optical silicon chip for our product development because we believe that our PHASIC(TM) process will allow us to address specific market demands, such as: Scalable, High Volume Production. Our technology permits a wide variety of optical components to be manufactured using established process steps developed by the semiconductor industry. These process steps permit rapid production schedules and offer opportunities for economies of scale. Higher Performance. The combination of many optical functions on a single optical chip reduces the losses in optical power that generally occur when light is processed through a combination of discrete components and allows increased precision and control over the optical signals. Compact Size. Because it takes advantage of the compactness of silicon chips, our technology allows us to reduce considerably the overall size of fiber-optic components. Lower Cost. By using high volume processing techniques, our devices benefit from cost advantages similar to those experienced with high volume electronic silicon chip manufacturing. Simplified Packaging. Conventional optical devices require considerable technical skill and manual manipulation to attach and align the optical fiber. Our technology allows for a much simpler fiber attachment, resulting in easier and quicker device packaging and interfacing. Reliability. Integrating all components and functions onto a single chip reduces the number of interfaces between separate components, which improves overall functional reliability. sec.gov

To: pat mudge who wrote (2277)	5/27/2001 11:03:09 PM
From: Greg Thornton	Read Replies (1) \| Respond to of 2484

The burn rate is quite a bit less than $5MM US. This is an anomaly created by the fact that the exchange rates used in determining December 31 and March 31 numbers were significantly different. If you calculate the burn rate in Canadian Dollars and then convert to US Dollars at the current exchange rate you will see what I mean. In any case, the conversion to US Dollars is informational only since the vast majority of their expenses are in Canadian Dollars. They have more than a year's worth of cash on hand, and that is before any burn rate reductions undertaken by the new CEO, Gary Moskovitz. Also, they have had the US $17MM all along. It is the remainder of the US $35MM financing they received last summer. Please post the section of the filing where you determined that they only had US $5MM in cash at the end of the quarter. It is just this kind of post that has earned you a reputation for distorting the truth to make it fit your preconceived notions. Greg