Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Richaaard who wrote (4128)	11/19/1997 11:19:00 PM
From: Starlight	Respond to of 9695

>>>On the CATS thing, the lack of real estate doesn't bode well. It appears as though if they don't find a partner soon they'll be kissing the whole thing goodbye. Maybe the lack of jobs for CATS employees will be incentive enough for them to turn it around on their own.<<<< I'm copying part of a recent JMAR press release here so everyone can review what was said about CATS: Even though the development of Cal ASIC is not one of our highest priorities, we believe it continues to possess significant future potential," Martinez continued. "The operation has developed an excellent microchip design and engineering capability, has a minifab facility designed for low volume semiconductor processing, and retains a talented pool of semiconductor manufacturing and process engineers. However, to realize its potential, Cal ASIC will require additional funding at a level we do not believe is appropriate for JMAR to provide, given the more timely nature of our higher priority programs. "With that said, we are currently evaluating other alternatives to capitalize on our investment in Cal ASIC and help it prosper," Martinez added. "These include joint ventures with semiconductor companies and other organizations that could benefit from Cal ASIC's existing semiconductor processing and direct write laser capabilities, sale of all or a portion of our ownership interest in Cal ASIC, or direct investment by a third party in that operation." In an earlier release, JMAR announced that it had received a $3 million settlement from the original sellers of Cal ASIC while retaining its 94% ownership. In that release JMAR also stated it believes that further investment in process development and equipment would enable Cal ASIC to become profitable. ---------------------------------------------- You can view the entire release at: jmar.com Betty