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

To: MoneyMade who wrote (15)	2/12/1999 11:19:00 AM
From: VINCENT MALGAPO	Respond to of 2484

To All - I am confident in my investment in LUMM. I feel that they are on the cutting edge of multiplexor chip technology and will do very well once they get production started. Nobody else has this technology. They will allow all the big manufacturers such as Ciena, Lucent, etc.. to greatly reduce the size and cost of their multiplexor equipment. This company was started only 6 months ago so it's still early in the game. Wether there is a buyout or not, anyone holding this stock long term will do great. This could easily be a $15-20 stock by this time next year. That's 20x it's current price. There is currently no marketing being done because the technology sells itself. It's just a matter of how much they can build and how fast they can build it. This company reminds my of Cymer CYMI. I had a friend working there when it was just a startup like LUMM. It was started by a couple of PHd's that developed laser technology used to build semiconductors. He got shares at .50 and a year later they were worth $98.00 As for the float, it is unknown because most of it is privately owned. It could be anywhere from 300k to 2Mil. The float is split between the 2 founders, a couple of universities, and the venture capitalist that helped fund the startup. Vince