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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Mark Oliver who wrote (4435)9/14/1998 6:35:00 AM
From: Pierre-X  Read Replies (1) | Respond to of 9256
 
Interesting!

According to a quick look at my trading logs I started a long on JMAR back in summer 96, taking several bites around the 2-dollars-and-change range.

Since then, it doubled, and then cratered.

I think the unambiguous selling point came when TI announced DUV lithography capabilities below 0.10 micron. Too bad I didn't bail then.

I bailed last week at 2 1/8. after the buyback annc. We've had a series of news that does not bode well for xray litho ...



To: Mark Oliver who wrote (4435)9/14/1998 7:43:00 AM
From: Candle stick  Read Replies (1) | Respond to of 9256
 
JMAR Technologies Receives $1.1 Million in Orders for Additional Computer Disk
Drive Workstations

biz.yahoo.com

Monday September 14, 7:01 am Eastern Time

Company Press Release

JMAR Technologies Receives $1.1 Million in Orders
for Additional Computer Disk Drive Workstations

SAN DIEGO--(BUSINESS WIRE)--Sept. 14, 1998--JMAR Technologies Inc.
(Nasdaq/NM:JMAR - news), a growing
provider of precision micro-technology products, announced that it received an order
for approximately $1.1 million for its
high-precision computer disk drive head inspection workstations from a major
worldwide manufacturer of disk drives and
personal, mobile and mainframe computers.

The units, all of which are scheduled for delivery before the end of this month, are to
be installed in one of this customer's Latin
American facilities.

Designed and manufactured by JMAR's Precision Systems division, the workstations
perform online inspection of computer
disk drive read-write heads, including advanced magnetoresistive (MR) and giant
magnetoresistive (GMR) thin film magnetic
heads, prior to their installation into hard disk drives. The workstations help create
digitized images of the heads to accelerate
inspection throughput, reduce the cost of the inspection process and improve
manufacturing process control.

John S. Martinez, Ph.D., JMAR's chairman and CEO, commented: ''The structure of
the disk drive heads determine the
density of data stored on a disk. At JMAR we are committed to constant improvement
in the performance of our products to
support the ongoing efforts of the industry to manufacture ever-smaller, higher data
density disk drives.''

Martinez continued: ''This order follows $7.0 million in prior sales of related disk drive
head manufacturing products to this
same customer during the past 15 months. It was primarily generated by the increased
demand from the high-end computer
market segment where our customer is an acknowledged leader. This market segment,
comprised mostly of network servers
and portable computers, appears to be less affected by the current profit-squeezing
pressures in the low-cost desktop
computer market. Because of our market positioning, I believe this trend bodes well
for JMAR.''

JMAR Technologies develops, manufactures and markets precision measurement,
process control and laser manufacturing
systems, provides custom semiconductor products for the microelectronics industry
and is a leading developer of advanced
lithography point sources for production of future higher performance semiconductors.

Pursuant to the Private Securities Litigation Reform Act of 1995: The statements
regarding JMAR's future sales or profit
growth, size of potential markets, competitive position or products, projects or
processes currently under development and the
ability of the company to successfully introduce those products into the commercial
marketplace or to apply or otherwise
transfer those products, projects or processes to alternate applications are
forward-looking statements based on current
expectations that involve risks and uncertainties that could cause actual results to differ
materially from those set forth in the
forward-looking statements, including delays in shipment or cancellation of orders,
failure of expected orders to materialize,
concentration of sales to certain markets and customers, timing of future orders,
customer reorganizations, failure of advanced
technology to perform as predicted, uncertainties associated with the timing of the
funding of government contracts, fluctuations
in demand, delays in development, introduction and acceptance of new products,
changing business and economic conditions in
various geographic regions, natural events such as earthquakes, flood and fire and the
other risks detailed from time-to-time in
the company's reports which are filed with the Securities and Exchange Commission.

Contact:

JMAR Technologies Inc., San Diego
Dennis E. Valentine, 619/535-1706
jmar.com
or
The Financial Relations Board
Eileen Morcos, 310/442-0599