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

To: Starlight who wrote (4768)	1/8/1998 5:29:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 9695

How about this update from "Covington and Assoc." sent out Dec.29th ......(just an excerpt, call them at (908) 654-7484 for the whole report).... "Jmar has made important strides in enhancing its specialized laser process control equipment for the micro-electronics and medical products industries. They continue to enhance existing products to assure sales gains in '98 and thereafter. Meanwhile, their revolutionary Brightlight precision lasers, which have demonstrated unparalled performance and are the foundation of Jmar's patented X-ray lithography source, continue on schedule to migrate from the laboratory to production module prototype in '98. Another off-shoot of their Brightlight research is their Lightknife product developed for a major health-care client. This product is undergoing what may prove to be final testing. Jmar's sales gains for'97 should be in line with our "over 20%" estimate and earnings were on target sans the unexpected CalASIC difficulty. However, CalASIC appears to be well along to being resolved as a '97 one-time expense so our optimism remains strong for '98. Shoulds their X-ray lithography source meet the microchip manufacturers' expectations, as we expect, it becomes difficult to forecast an upper price range for JMAR because the product's potential is so large. While there are no hard numbers or any guidance from the company, a rudimentary knowledge of the need for machines to produce semiconductors of 0.25 micron or less features, we guesstimate the number of machines produced would easily exceed 500 and each one might cost $2,500,000. JMAR's patented X-ray lithograhy source would be a component of each machine and the key piece. Guesstimating it might represent 40% -50% of the total price, one quickly sees the potential impact this one product could have on JMAR. As the only manufacturer of this unique product, one could presume profit margins north of 20%. With IBM recently announcing their new $700 million X-ray lithography plant for 12" wafers, JMAR's X-ray lithography source technology will soon excite knowledgeable investors and micropchip manufacturers."