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

To: Starlight who wrote (7837)	4/23/1999 10:27:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 9695

Betty, I had always considered the X-ray sources to be JMAR's home run hit potential. But I thought it was always years off, but since I have held JMAR for almost 5 years, it appears that maybe I won't be waiting much longer. Lets look at this X-ray breakthrough and see what it can mean to JMAR's bottom line in the out years (2000 and beyond). First the sources cost somewhere in the $2 to $3 million range, and given the proprietary nature of this device, I am guessing that they make about half of what it sells for. In earlier discussions it was mentioned that the semiconductor industry would require several thousand of the x-ray sources. (That would be many billions of dollars potential). But in comes Dr. Turcu with his expertise on how to use x-rays in other ways, and suddenly the market expands outside of just the semiconductor industry. How many potential sales outside of semiconductor uses can be made? I would guess it would be in the hundreds to thousands. (which translates to hundreds of millions to billions of $). Some of the non-semiconductor uses include high resolution X-ray imaging, radiobiology, X-ray fluorescence analysis and micromachining. Richard M. Foster, president of JMAR Research Inc., the company's division responsible for X-ray source and laser R&D, commented, ''We are currently in the process of scaling up our PXS technology, consisting of several Britelight(TM) laser modules, to higher X-ray power levels. This initial multi-module system, designed to produce in excess of 30 watts of X-rays, will begin operational testing in the second quarter of this year. It will be followed by a 90-watt beta system scheduled for the first half of 2000 having a throughput goal of twenty-four 300-millimeter wafers per hour for production of integrated circuits having feature sizes of 0.13 microns, and below. We expect this system will be competitive for commercial semiconductor lithography applications.'' I think we are entering a new phase of JMAR which will greatly exceed our expectations on earnings and sales for the year 2000 and beyond. On further examination of this information, my expectations on share prices have greatly increased. These expectations do not include yet the advances that JMAR is making in JMAR Semiconductor. This is a small technology company soon to be a much larger company. Their 10 year development program is soon to enter the revenue phase. --Bilberry