Lumenon, die Ultrahightech-Aktie mit dem KGV 4 und 1.3 !!!! - 500 Beiträge pro Seite

[pitz]

Aufpassen! Ein Ultrahightech-Wert mit einem 2001er KGV von 4 und
einem 2002er KGV von 1.3 kann man sonst nirgends finden.

Der Markt der Zukunft heißt Hochgeschwindigkeits-
Informationstechnologie, und das Produkt von Lumenon Innovative
Lightwave Technology WKN 920942 füllt den Bereich genau aus.

Ein Chip, der Lichtwellenleitungen noch schneller macht, mit einer
Technik, die sogar die von Großfirmen ( Jds Uniphse ) schlägt, wird
uns noch viel Freude machen.

Der Wert hat gerade einen doppelten Boden ausgebildet.

Jetzt geht es nur noch nach Norden.

In D sind die Handelsvolumen zwar aber sehr gering, aber für
durchschnittliche Investitionen bekommt man, was man braucht.

Die Prognosen für das Kursziel von 35 bis 450 $ scheinen zwar hoch
gegriffen, ich halte sie aber innerhalb von 3 Jahren für erreichbar.

Ich hoffe, der Wert wird jetzt entdeckt!

Gute Gewinne

Pitz

[Fruehrentner]

Halo Pitz,

danke für die Info! Ich werd mir Lumenon mal genauer ansehen.

Ausschlaggebend ist aber leider nicht die bessere Technologie allein, sondern ein ebenso gutes Marketing. Inwieweit kannst Du hierzu etwas sagen bei LUMENON?


Was ist deine Meinung zu LIGHTPATH TECHNOLOGIES?


Gruß

Frührentner

[pitz]

Hier noch was in Englisch:




Ethernet moves past 10 Gbits/s

EE Times
January 30, 2001 (11:25 a.m. EST)


Until recently, Ethernet has been confined to the LAN space because of distance and performance
limitations inherent in the original protocol. But in the last two years, advances in Ethernet protocols
and the emergence of an intelligent optical layer have given birth to an alternative transport
architecture that extends the power of Ethernet to metropolitan, regional and long-haul backbone
networks. This has led to the use of Gigabit Ethernet in these longer-range networks, and plans are
being made to hone 10-Gbit Ethernet for them as well.

The inventors of Ethernet more than 25 years ago could not have anticipated the impact of the
protocol. It became the dominant LAN technology during the 1990s; by 1999 more than 53 million
ports of switched Ethernet were sold. The IEEE has revised the protocol at least four times:

From shared to switched.

From running over coax to running over fiber.

From known distance limitations to the possibility of being limitless.

From running at 10 Mbits/second to achieving 10 Gbits/s while maintaining its original frame format.


The Dell`Oro Group, a consulting firm based in Redwood City, Calif., estimates that 1.3 million
Gigabit Ethernet ports were shipped in 1999 and calculates that 4.4 million were shipped in 2000.
A major driver for this growth is the expectation that prices will plummet as manufacturing ramps up
to mass-production levels.

With the advent of intelligent optical networking and the advanced development of Ethernet,
carriers and service providers such as Telseon, Utfors and Yipes Communications can transform
existing Sonet-SDH infrastructures to offer end-to-end, carrier-class Ethernet services. The
Ethernet-over-optics architecture enables carriers and service providers to capitalize on market
demand for high-performance business and residential data services, including LAN-to-LAN
interconnects, broadband corporate virtual private networks, high-speed Internet access and Web
hosting.

Optimized for IP applications, Ethernet-over-optics provides a common end-to-end transport
protocol from the users` location through the backbone of the network. Carriers and service
providers use it to simplify their network architecture and reduce the complexity and cost
associated with managing overlay networks.

With it, Gigabit Ethernet not only works efficiently with IP-based services but can be used to create
a single end-to-end IP network-without the overhead, cost and management complexity of
traditional overlay transport networks. Since most user traffic starts and ends at an Ethernet LAN,
this architecture creates direct Ethernet connectivity-just like an Ethernet port-between customer
premises and service-provider central offices, removing the need for costly and complex
multiplexing or protocol conversions at the customer site. And since IP and Ethernet are open and
ubiquitous protocols, they facilitate the largest possible multiplicity of services and applications,
while introducing a completely new price/performance ratio compared with traditional telecom
networks.

Intelligent optical transport
At the optical layer, this architecture is supported by intelligent optical transport and by switching
devices capable of mapping Gigabit Ethernet streams directly over managed wavelengths.
Carriers and service providers can offer customers a range of scalable-bandwidth services for a
variety of data applications.

The deployment of Ethernet service over a metropolitan-area network (MAN) can take on many
forms because of the limited distances-usually less than 100 km-within a city. One option is to
deploy Ethernet services across dark fiber without wave-division multiplexing. Although the
IEEE-802.3 standard for Gigabit Ethernet specifies only a 5-km distance requirement (1,000
Base-LX), by using long-reach optics many switch and router vendors have developed
longer-reach Gigabit Ethernet interfaces that can span more than 70 km (referred to as 1,000
Base-LH by some). By connecting this Gigabit Ethernet equipment over dark fibers, one can build
a city-wide Ethernet network to offer Ethernet service to interconnect LANs from enterprise
customers.

However, in metro core applications dense wave-division multiplexing (DWDM) is needed because
of high traffic demands and fiber exhaustion. Also, traffic has been highly aggregated at the core
routers and switches, thus driving the need for Gigabit Ethernet services in the metro core to be
supported at a full gigabit rate. These services can be provisioned over the metro core via a
number of methods.

Wavelengths can be efficiently shared over the intelligent optical network by packing multiple
Gigabit Ethernet streams into a wavelength using Sonet-SDH time-division multiplexing. For
example, two Gigabit Ethernet streams can be transported via an OC-48/STM-16 (2.5-Gbit/s)
circuit, or eight Gigabit Ethernet streams can be merged onto an OC-192/ STM-64 (10-Gbit/s)
circuit.

Intelligent optical networking is a separate option that can solve the problems of network scaling
and high-speed service delivery. The term refers to the products, technologies and functionality
required to construct a flexible and highly scalable optical network architecture for the delivery of
public network services.

It combines the functionality of Sonet-SDH, the capacity creation of DWDM and innovative
networking software into a new class of optical transport. This approach allows carriers and service
providers to transform existing Sonet-SDH infrastructure to offer end-to-end carrier-class Ethernet
services at rates up to 1 Gbit/s.

The next logical data rate upgrade after Gigabit Ethernet is 10 Gbits/s. In contrast to previous
Ethernet standards, 10-Gbit Ethernet is targeting the metropolitan and wide-area networks so that
end-to-end Ethernet transport can be realized. Not just an access technology like Ethernet, 10-Gbit
Ethernet aims to become the simplest, fastest and most cost-effective backbone network
technology.

Prestandard products due
To accelerate the introduction of 10-Gbit Ethernet, the 10 Gigabit Ethernet Alliance was formed in
March 1999 to foster the development of the technology`s standard, IEEE 802.3ae, and promote
interoperability among products. The IEEE P802.3ae Task Force recently completed the first draft
of the 10 Gigabit Ethernet specification, which is scheduled for ratification in early 2002. However,
prestandard products were expected to be available toward the end of 2000.

Several important restrictions apply to 10-Gbit Ethernet: The traditional CSMA/CD protocol will not
be used, half-duplex operation is not supported and copper wiring will not be an option (at least not
for end station links).

The specification includes several major logical elements. In the media-access control (MAC)
layer, the specification will preserve the Ethernet frame format, including both minimum and
maximum frame sizes. It will also support full-duplex operation only and thus has no inherent
distance limitations. Because it is still Ethernet, users can preserve their management tools and
architecture.

In addition to traditional LAN connectivity, the standard is being developed with an option for
connection across MAN and WAN links at an expected data rate compatible with OC192c (9.58
Gbits/s). The MAC must adapt rates to ensure a data rate of 9.58 Gbits/s by using an open-loop
mechanism and appropriately adjusting the interpacket gap. The WAN Interface Sublayer performs
Sonet-SDH framing, scrambling and error detection to allow minimal compatibility with the
requirement of Sonet-SDH networks. This will extend the benefits of Ethernet technology to the
construction of MANs and WANs, and provide cost-effective networks for larger geographic areas
using a single technology end to end.

http://www.planetanalog.com/features/OEG20010130S0027


Mfg

Pitz

[pitz]

The fiber optics and optical network industry is going through a period of extraordinary growth that
is expected to continue into the future. This has caught optical component suppliers by surprise
and demand now exceeds supply. For example, optical fiber production is sold out until 2002
and most optical components are in the same situation.
Noch was:

In order to increase the supply, new manufacturing capacity has to be brought on-line or existing
processes need to be automated, or both. Unfortunately, the optical component industry is in the
same position as the electronic component business 30-40 years ago, when discrete components
were placed on circuit boards by hand. Since then the process has been highly automated with
very large scale integrated chips placed on boards by robots with very little human intervention
except for test and measurement.

Optical components have the same but one additional critical problem in that they often have to be
aligned optically. The problem of automation in the optical communications industry are just now
being addressed. It will take a large investment and it will not be solved overnight.Several new
start-ups have already entered the market to take advantage of this new opportunity. The existing
players like Lucent
Technologies, Nortel, JDS Uniphase, and Alcatel are spending millions to automate their
component production processes.

Automation in Photonics
January 31, 2001
9am to 3:30pm

MfG

Pitz
Burlington Marriott, Burlington, MA

[pitz]

Und noch was:

Fiber Optics: Tech Analyst Reveals Ways to Play Two Hottest Trends

Miami, FL, September 6 /SHfn/ -- Fiber optics are pushing the limits of communications on a daily basis. And keen investors aren`t willing to let the hottest
new market sector pass them by. That`s why StockHouse sought a follow-up interview with the tech analyst who alerted readers to a resurgence in chip
stocks days ahead of the rest of the Street. In another exclusive interview, portfolio manager Dan Morgan of Noble Financial Group identifies the two hottest
fiber-optic technologies, and ways to play this sizzling sector.

Morgan calls dense wavelength division multiplexing (DWDM) the hottest thing in fiber optics. DWDM is instrumental to data transmission because it
increases network capacity by allowing multiple wavelengths to be carried on a single fiber. According to Morgan`s research, this technology will allow a
carrier to multiply the capacity of its networks by more than a hundredfold without laying additional fiber. Pioneer Consulting expects the global market for
DWDM systems to surge to $17.9 billion in 2004, from $4.47 billion this year.

Heavy demand is drawing new entrants like JDS Uniphase [JDSU] and ADC Telecom [ADCT] into DWDM. They will face off with the dominant players Alcatel
[ALA], Cisco [CSCO], Ericsson [ERICY], Ciena [CIEN] and Lucent [LU]. In this increasingly crowded field, market leader Nortel [NT] is Morgan`s top pick.
"Though Nortel has about 33% market share overall, they have about 85-90% of the 10-gigabit market," he points out. Morgan explains that 10-gigabit per
second (Gb/s) transmission over 80 channels is really the standard now. That translates into the ability to transmit 10 billion bits of data a second. "And on
the 80-channel market," he continues, "they pretty much own the market." Sneak peeks from the DWDM leaders foreshadow a movement toward 40 Gb/s and
up to 160 or more channels. Look for Alcatel to roll out a 40 Gb/s system by mid 2001, and for Nortel to unveil an 80 Gb/s system by the third quarter of
2001. A 160-channel system is said to be forthcoming from Nortel and Corning [GLW], but no time guidance has been given yet from either company.

...gekürzt...

Another area that is set to explode, according to Morgan, is optical-circuits technology. These high-tech components integrate many light-processing
functions onto a single silicon chip. Morgan believes that the chips will prompt the next big breakthrough, which will eliminate electrical interface routers on
long-haul applications. Electrical interfaces are required at various intervals on a backbone to regenerate light pulses that deteriorate over distance. The
elimination of those interfaces could result in equipment savings of as much as 80%, according to Morgan`s research.

At this time, there are a handful of pure plays in this arena. Morgan notes that Bookham Technology [BKHM] and Lumenon Innovative Lightwave Technology
[LUMM] may be of interest to the aggressive investor. But he is averse to the risk inherent in many optical startup companies. Morgan opts to get exposure
by purchasing stock of companies that already have dominant positions in other sectors, such as Broadcom [BRCM] and Analog Devices [ADI]. Broadcom is a
leader in the chips used for set-top boxes, and the company is rapidly making acquisitions.

Volatility will afford reasonable entry points in the days, weeks and months to come.

... gekürzt ...

Quelle: Stockhouse

Alles ( Gerüchte, Kurziele,etc.) über Lumenon von Donpat
Man beachte den letzten Absatz.

Mfg

Pitz

[pitz]

Hier noch was aus dem Suntrade-Board:

hallo sunnies..

Wir haben uns mit Lumenon befasst und sind der Meinung, dass es reell
möglich ist, dass sich mit diesem Titel diese Story wiederholen kann. Die
Ähnlichkeiten zwischen den Titel sind gross. Lumenon und JDS Uniphase
sind beide unterwegs zum selben Ziel, jedoch haben sie anderen Wege
eingeschlagen und das verblüffende daran ist, dass der Weg von
Lumenon kürzer ist als der des Giganten JDS Uniphase.

Herr Najafi, Lumenon`s CEO und Mitgründer sagte in einem Interview
einer Kanadischen Zeitung: Lumenon hat einen neuen Halbleiter Chip
erfunden welcher die Kapazität von Glasfaser massiv erhöht und das zu
einem Bruchteil von den Preisen, welche JDS Uniphase für ihre
Komponenten verlangen muss.

Telekom Companys investieren Milliarden von Dollars um auf ihren
Netzen Platz zu schaffen für die explodierenden Datenmengen und
Internet Zugriffe, welche in der Zukunft blitzartig wachsen werden. Der
beste weg, diesem Problem zu begegnen ist die wave-division
multiplexing (DWDM) Technologie, welche die Lichtstrahlen von den
unterschiedlichen Lasern auf einer einzelnen Faser kombiniert. Die
DWDM Technologie ist deshalb so populär, weil es um einiges billiger ist
die Leitungen aufzurüsten, anstatt total neue zu verlegen. Für kurze
Distanzen können Carriers verwendet werden, alles über 24 Kilometer
greift jedoch in Zukunft auf die DWDM Technologie zurück. Das
auswechseln der alten Leitungen durch die neuen würde extreme Kosten
verschlingen aus diesem Grund profitieren die Filter Hersteller JDS
Uniphase und andere Zulieferer der DWDM Systemen so
überdurchschnittlich.

-- Dieser Beitrag wurde am 21.09.2000 um 12:30:58 bearbeitet --

Der Beitrag stammt von olivier.zack

MfG

Pitz

[pitz]

Noch was von olivier.zack:




Lumenon die neue JDS Uniphase !!!

Wie gern wünscht man, seit den Anfängen bei einer Microsoft, Yahoo,
AOL oder JDS Uniphase dabei gewesen zu sein. Dieser Wunsch
katapultiert meist kleine Firmen welche mit genug Phantasie bestückt
sind in wenigen Tagen in luftige höhen. Die Story von JDS Uniphase
welche durch den Zusammenschluss von JDS Fitel und Uniphase Corp.
entstanden ist, belebt den Glasfaser Sektor. Die Titel von JDS Fitel
explodierten, von einem penny stock mit ein paar Millionen
Marktkapitalisierung steigerte man sich vor dem Zusammenschluss mit
Uniphase auf eine Marktkapitalisierung von 9.3 Milliarden Dollar. Heute
hat JDS Uniphase den Markt in der Hand was auch dementsprechend
bezahlt wird: Über 100 Mia Market Kapitalisierung und ein KGV 2001 von
150.


Ist Lumenon wirklich die neue JDS ?


Wir haben uns mit Lumenon befasst und sind der Meinung, dass es reell
möglich ist, dass sich mit diesem Titel diese Story wiederholen kann. Die
Ähnlichkeiten zwischen den Titel sind gross. Lumenon und JDS Uniphase
sind beide unterwegs zum selben Ziel, jedoch haben sie anderen Wege
eingeschlagen und das verblüffende daran ist, dass der Weg von
Lumenon kürzer ist als der des Giganten JDS Uniphase.

Herr Najafi, Lumenon`s CEO und Mitgründer sagte in einem Interview
einer Kanadischen Zeitung: Lumenon hat einen neuen Halbleiter Chip
erfunden welcher die Kapazität von Glasfaser massiv erhöht und das zu
einem Bruchteil von den Preisen, welche JDS Uniphase für ihre
Komponenten verlangen muss.

Telekom Companys investieren Milliarden von Dollars um auf ihren
Netzen Platz zu schaffen für die explodierenden Datenmengen und
Internet Zugriffe, welche in der Zukunft blitzartig wachsen werden. Der
beste weg, diesem Problem zu begegnen ist die wave-division
multiplexing (DWDM) Technologie, welche die Lichtstrahlen von den
unterschiedlichen Lasern auf einer einzelnen Faser kombiniert. Die
DWDM Technologie ist deshalb so populär, weil es um einiges billiger ist
die Leitungen aufzurüsten, anstatt total neue zu verlegen. Für kurze
Distanzen können Carriers verwendet werden, alles über 24 Kilometer
greift jedoch in Zukunft auf die DWDM Technologie zurück. Das
auswechseln der alten Leitungen durch die neuen würde extreme Kosten
verschlingen aus diesem Grund profitieren die Filter Hersteller JDS
Uniphase und andere Zulieferer der DWDM Systemen so
überdurchschnittlich.


JDS Uniphase`s Marktwert betrug anfangs 1999 2.94 Milliarden USD,
angetrieben von explodierenden Nachfrage hat sich dieser wert auf 101
Mrd. mehr als ver-30facht. In diesen Markt dringt Lumenon’s Technologie
ein und könnte ihn rasend schnell erobern. Lumeon’s Chip ist kleiner als
eine Spielkarte im Vergleich zu den Herkömmlichen Halben
Kühlschränken ein Klacks und erst noch viel billiger in der Herstellung.
Man verwendet für die DWDM Technologie optische Schaltkreise anstatt
traditionelle Chips.

Mr. Najafi ist sich sicher, Lumenon kann es besser als ihre Konkurrenten.
Sie hätten viele Schritte in der Produktion eliminiert und einer
Massenproduktion mit fortwährenden Kosteneinsparungen in der Zukunft
stehe nichts im Wege. Das Material das verwendet wird kostet nach
seinen Aussagen Peanuts. Die einzigen Kosten die anfallen sind Labor
kosten.

Der Vice-President von Manitex Capital, Ron Perry, lobt Lumeons Technik
und ist überzeugt, dass er es hier mit einer neuen Intel zu tun hat, das
Potential sei unglaublich.

Mat Steinberg, Direktor der Research Company, Ryan Hankin Kent Inc.,
aus San Francisco erwartet, dass der Markt für DWDM Ausrüstung dieses
Jahr einen Umsatz von über 5 Mrd. USD in sich vereint Tendenz stark
steigend. Mat Steinberg hat jedoch Zweifel, dass Lumenon’s Chip wirklich
den Markt erobert, er will zuerst Verträge sehen.
olivier.zack
erstellt am: 18.09.00 22:11:52


Suntrader
[4519 Postings]


In Insiderkreisen sorgt Lumenon für Furoren. Die Aufmerksamkeit der
Big Player hat Lumenon. Die Nummer 1 des Netzwerk Geschäfts, Cisco
Systems Inc., besitzt ein Angestellter der im Technischen-Komitee von
Lummenon Platz gefunden hat. Der General Manager von Cisco Canada.

Die Entwicklung von Lumenon geht soweit, dass durch die billige
Herstellungsweise, die neue Technik in wenigen Jahren für den
Endverbraucher zugänglich ist. In jeden Computer der Welt könne so ein
Chip eingebaut werden und ihn somit zu einer high-speed Maschine
machen.

Lumenon ist mit genügend Geld ausgestattet um die Zeit bis zur
Profitlabilität nächstes Jahr zu erreichen. Lumenon hat im Juli 35
Millionen Dollar von Institutionellen Investoren gegen Konvertibles
bekommen.


Um Produktionsengpässen in der aggressiven Wachstumsentwicklung
entgegenzuschreiten, wurde ein 53 000 Fuss grosse Produktionsstätte
gebaut, welche am 6 Oktober 2000 eröffnet wird. Mit dieser neuen
Anlage können die Produktionen Massiv gesteigert werden. Erste
Auslieferungen und Einführung in den Markt sind im Januar 2001 geplant.



Wir haben es hier mit einer Company zu tun, welche mit sehr guten
Chancen, jedoch auch mit entsprechenden Risiken ausgestattet ist.
Schleichen sich Fehler oder Pannen ein oder hat das Produkt von
Lumenon keine Chance auf dem Markt sind alle Träume weggeblasen. Die
Titel sind momentan extrem günstig bewertet und bieten bei
planmässigem Marktauftritt eine enorme Kurs-Potential. Das Kursziel in
den nächsten 6-12 Monaten setzen wir bei 90 Dollar fest. Auf Sicht der
nächsten 3-4 Jahren kann mit einem Kurs von über 400 Dollar gerechnet
werden, vorausgesetzt Lumenon kann umsetzen was wir beschrieben
haben. Ordern kann man an der Nasdaq unter dem Kürzel LUMM. Der
Autor ist im Besitz von LUMM Aktien.



olivier zack

Gilligan
erstellt am: 19.09.00 17:17:


Auch ich (pitz) bin bei 7 und 6,60 € eingestiegen (übergewichtet)

MfG

Pitz

[pitz]

Noch was aus dem Suntrade-Board:

Hallo,

ich habe mir LUMM mal etwas angesehen und finde sie interessant
genug, um sie auf die Watchlist zu nehmen.

1. Molex ist ein sehr gut geführtes und erfolgreiches Unternehmen. Dass
diese bei LUMM anscheinend einen Fuss in die Tür gestellt haben, werte
ich deshalb zunächst positiv.

2. Soweit ich dies beurteilen kann, treibt LUMM die Produktentwicklung
und Markteinführung planmässig voran. Die Refinanzierung erfolgt
kreativ, professionell und anscheinend reibungslos. Das lässt auf gute
Berater schliessen.

3. Das Produkt hat das Potential für einen Tornado-Effekt. Dann nämlich,
wenn die Markteinführung in einen bestehenden und grossen Markt
erfolgreich verläuft und die grossen Marktteilnehmer realisieren, dass
hier tatsächlich ein Entwicklungssprung vollzogen wird. Kein
Wettbewerber kann es sich dann auf Dauer leisten, auf den Input von
LUMM zu verzichten.

In diesem Punkt sehe ich übrigens Parallelen zu PA Power und deren
Soft-CNC-Produkt. LUMM ist allerdings noch in einem früheren
Entwicklungsstadium und der Markt von LUMM birgt sicherlich mehr
Chancen und Risiken.

4. Wichtig für das Potential der Aktie wird sein, wie hoch die
Marktzutrittsschranken bzw. der Entwicklungsvorsprung sein wird. - Dies
jedoch erst, wenn Punkt 3. erfolgreich gestartet ist.

5. Charttechnisch macht die Aktie derzeit keinen besonders aufregenden
Eindruck. Der Kurs dümpelte zuletzt marktkonform nach unten bei relativ
schwachen Umsätzen. Die Frage, ob die Aktie bei 18 oder bei 15 oder
werweisswo einen Boden findet, ist meiner Meinung nach müssig. Im
derzeitigen Chart wird die Aktie erst dann wieder interessant, wenn sie
über 20 steigt.

Ein heisser Kandidat wird sie über 25. Ich gehe nämlich aus
fundamentalen Gründen davon aus, dass die Aktie von Institutioneller
Seite durchaus unter Beobachtung steht. Wenn dann in o.g. Sinne (Punkt
3) sich Erfolge abzeichnen, wird dies im Chart sicherlich sichtbar werden,
und zwar bei den Kursen und Umsätzen. Dann geht es nämlich nicht um
20, 30 oder 40 Dollar, sondern um eine Aktie, die man wahrscheinlich 2
bis 3 Jahre halten muss.

In diesem Sinne

Grüsse
DontPanic

MfG

Pitz

[Pringle]

Wie kommt man denn bitteschön auf ein KGV von 4?

Pringle

[pitz]

Und noch einen:

ADVISORY/Lumenon Innovative Lightwave Technology, Inc. Inaugurates
Its New State-Of-The-Art Photonic Devices Plant On October 6, 2000
-0- *T PHOTO OPPORTUNITY:
(BUSINESS WIRE)-- WHAT: Lumenon Innovative Lightwave Technology,
Inc.
(NASDAQ NM: LUMM - news) will inaugurate its new 53,000 square foot
photonic devices plant with official ceremonies scheduled for 10:30 a.m.
The state-of-the-art facility features design, laboratories, development,
microfabrication, packaging, optical test and quality control of Lumenon`s
integrated photonic packaged chips.
WHY: With this new facility, the Company will undertake

volume production of integrated photonic packaged

chips using its proprietary PHASIC(TM) technology.

Lumenon`s new plant capacity is designed to produce up

to 500 market-ready hermetically packaged chips per

day in 2001 and can be ramped to 1,000 units per day.

Lumenon, currently with 100 employees, expects to

increase its staff by 100 people in 2001.

Lumenon designs, develops and builds integrated optics

devices in the form of compact hybrid glass circuits

on silicon chips. These photonic devices - based upon

Lumenon`s breakthrough Hybrid Sol-Gel Glass technology

and patented PHASIC(TM) process - offer communications

providers the ability to dramatically boost bandwidth

in fiber optic cabling, the pipeline for today`s

burgeoning telecommunication, datacommunication and

cable industries.

WHO: Dr. S. Iraj Najafi, President and CEO of Lumenon,

will present the new facility and discuss its

importance to both the Company`s operations and its

shareholders.


Mr. Bernard Landry, Deputy Prime Minister and
Minister of State for Economy and Finance,
Government of Quebec.

Dr. Mark P. Andrews, Vice-President and Chief

Technical Officer, Reginald Ross, Vice-President

Corporate Development and Chief of Strategic

Operations, Dr. Chia-Yen Li, Chief Operating Officer,

Felice Phillip Meffe, Vice-President of Business

Development and Marketing, and Vincent Belanger,

Vice-President Finance and Chief Financial Officer,

will be available for interviews.

WHEN: October 6, 2000

10:30 a.m. - Inauguration ceremony - plant tour to

follow (limited area) with members of

world-class manufacturing team

WHERE: Lumenon Innovative Lightwave Technology, Inc.

8851 Trans-Canada Highway

St-Laurent, Quebec H4S 12G

CANADA

CONTACT: Stephen Litwin Moira Brennan

[phone] [phone] [e-mail]
[e-mail]

Quelle: Yahoo

MfG

Pitz

[pitz]

Einen hab ich noch:

Boost for Quebec`s fibre-optic industry
New plant opens


In the clean room of Lumenon Innovative Lightware Technology`s new
building, which was opened in Montreal yesterday: from left, Dr. Chia-Li,
head of research; Mark Andrews, chief technology officer; and Iraj Najafi,
thechief executive.

MONTREAL - Quebec`s budding fibre-optic components industry took a
leap forward yesterday with the opening of a mass-production plant for
hybrid glass chips in Montreal and a capacity boost at a Quebec City test
equipment unit.

Lumenon Innovative Lightwave Technology Inc.`s new breed of chips can
raise the capacity of fibre-optic communications pipes at a fraction of the
cost of electronic components, said Iraj Najafi, chief executive, and Mark
Andrews, vice-president of technology, two former university scientists
who developed the glass-based technology.

The chips have been made in a pilot plant and tested by potential
customers such as Nortel Networks Corp. and Lucent Technologies Inc.

But Lumenon`s $20-million 53,000-sq.-ft. mass production plant, opened
by Bernard Landry, Quebec`s Finance Minister, will turn out 500 chips a
day next summer and 1,000 daily in 2002. They cost up to $40,000 each.


Exfo Electro-Optical Engineering Inc. is doubling its fibre-testing plant`s
capacity at a cost of about $7-million. Its new products cut testing time
for fibre-optic components "from hours to less than a minute," said
Germain Lamonde, the CEO, in Quebec City.

Mr. Najafi and Mr. Andrews set up Lumenon in 1998 to commercialize
their fibre-optic and photonics finds. Lumenon hit the headlines on Dec.
7, when about 250 people crowded into its first annual meeting
demanding to know if the chip would work, when production would start
and what the revenue flow would be.

Mr. Najafi said "scepticism is normal ... but just wait until mass
production starts next April."

He said Pierre-Paul Allard, managing-director of Cisco Systems Canada
Co., had joined the board. This set Lumenon`s share price alight and it
hit US$26.91 on the U.S. over-the-counter market, valuing the firm at
US$600-million. The price fell back and recently traded at the US$16
level. Lumenon is now listed on Nasdaq.

Lumenon`s chips, designed for the DWDM (dense wavelength division
multiplexing) market, can ensure maximum end-to-end optical
networking to help telecommunications firms meet mushrooming
Internet, e-commerce and e-mail traffic.

The firm received US$35-million from U.S. insitutions to finance the
plant. It has a $3-million grant from Investissement Québec.

Quelle: NationalPost

-- Dieser Beitrag wurde am 08.10.2000 um 22:13:48 bearbeitet --

MfG

Pitz

[pitz]

@ Pringle

Das KGV habe ich von Consors (Info-World)

MfG

Pitz

[pitz]

Zum KUV was von AmicoFritz (Suntrader-Board):

nachdem ich den obigen Bericht gelesen habe, ist mir der Gedanke
gekommen, den erwarteten Umsatz für 2001 hochzurechnen (falls die
Chips funktionieren und verkauft werden). In diesen harten Zeiten muss
man ja ein bißchen rumspinnen.

Habe eine einfache Milchmädchen-Rechnung mit niedrigen Ansätzen
erstellt:
Ausgehend von 200 Arbeitstagen und 500 Chips/Tag = 100.000
produzierte Chips in 2001
* Verkaufspreis von 5000 US$/ Chip
===> Umsatz 2001 = 500.000.000 US$
Das entspräche bei einem KUV von 5 ( ist doch fair) einer
Marktkapitalisierung von 2.5 Milliarden US$.

Kursziel also ca. 75US$.

MfG

Pitz

[pitz]

Noch was zur Technologie:

Glasfaserkabel ermöglichen die höchsten Übertragungsraten. Vom
aktuellen Ausbautrend inklusive Unterseekabel profitieren Corning und
Lucent Technologies am meisten, diese Gesellschaften verfügen über
einen Marktanteil von rund 40% (Corning) respektive 20%. Vor einigen
Jahren erkannten Fernmeldegesellschaften, dass ihre bestehenden
Glasfasernetze über eine zu geringe Kapazität verfügen. Ausser dem
Verlegen von neuen Kabeln bot sich eine neue Technik an, das Dense
wave division multiplexing (DWDM). Dieses Verfahren erhöht die
Übertragungskapazität optischer Systeme um ein Vielfaches, da es nicht
nur auf weissem Licht basiert, sondern das gesamte Farbspektrum
verwendet. Im Markt, der ein Volumen von 5,5 Mrd.$ aufweist und über
die nächsten Jahre jeweils 40% wachsen dürfte, sind JDS Uniphase und
SDL die Marktführer. Im Langstreckenbereich reden Nortel Networks und
Lucent ein gewichtiges Wort mit. Seit der Übernahme des
DWDM-Bereichs von Pirelli gehört auch Cisco Systems zu den
Marktführern. Routers, die die Protokolle verschiedener Netzwerke
verbinden können, sowie ATM switches, die das Miteinander von Stimm-,
Video- und Datensignalen auf einer Leitung ermöglichen, gehören zur
Grundausrüstung eines Netzwerks. Dieser Bereich wird von Cisco
dominiert, aber auch Nortel und Lucent sind wichtige Anbieter.

brauchst du noch mehr material brachst dann schränk ihn ein .. generell
über dwdm über technisches zahlenmaterial von dwdm,
branchenübersicht usw..

bis dann

olivier.zack

MfG

Pitz

[pitz]

Noch ein paar Infos gefällig:




Lumenon, through its licensed manufacturing process called PHASIC(TM),
expects to be able to accommodate low cost, high volume production of
optical chips. PHASICTM stands for Photonic Hybrid Active Silica
Integrated Circuit, which
refers to the materials and processes Lumenon uses to produce its
DWDM devices in the form of an integrated optical circuit on silicon
microchips similar to those used in computers. The optical circuit
consists of a collection of micron size array waveguide gratings ("AWG"
that have been arranged to combine
(multiplex) or separate (demultiplex) light at the telecommunications
wavelength near 1.55 microns. More specifically, the Company uses
proprietary "hybrid
glasses" (a glass-polymer solution) for making its AWG and a simplified
manufacturing process for creating its optical circuits on silicon. The
hybrid glass can be used to print (through light) circuits on chips without
the costly vacuum etching process and the use of manual labor for
assembly of micro-optic devices. The Company expects to be the first to
introduce hybrid glasses for use in integrated optics.

The optical chip has an optical circuit on it analogous to the
micro-electronic circuit that is produced on silicon microchips used in
computers. Optical circuits can be made with 4, 8, 16, 32, 64 and more
channels to transport different optical signals (light) carried at different
wavelengths. Light signals are combined and separated on the optical
chip by taking advantage of the differences in the length of the
individual waveguides in the AWG. These path differences translate into
optical phase differences. This means that light
of a given wavelength (a given optical channel) can be combined with
others for input to an optical fiber (multiplexing). With the same device,
light can also be separated for output to individual optical fibers
(demultiplexing). This technology simplifies the process while providing a
product and technology that
can be adapted to the industry`s changing needs.

The Company believes that there is a commercial incentive for
introducing DWDM technology in the form of compact or miniature optical
chips that are manufactured in high volumes in a cost-effective manner
for service providers who desire to lower overall costs while enhancing
their services.

Currently, optical chips in the so-called "array waveguide grating" (AWG)
format are used in DWDM technology. Companies that use the AWG
format like PIRI, Kymata, Siemens and Lumenon make DWDM devices
that perform in a similar way. However, DWDM devices can differ both in
composition and method of fabrication depending on how they are
processed.

AWG DWDM devices made by PIRI, Kymata and Siemens use a high
temperature vacuum deposition process called "flame hydrolysis
deposition" (FHD). This method employs a hydrogen-oxygen nozzle flame
to burn the desired combinations of gases
of silicon tetrachloride, phosphorous oxychlorides, chlorides of
phosphorous, boron or germanium, for example, that may be transported
by a gas like argon to a heated silicon wafer surface. Combustion of the
gases produces a glass soot on the surface of a silicon substrate. The
soot is melted and consolidated at high temperature (greater than
1,000oC) in a thermal process that may require six or more hours to
complete. The procedure is repeated at least three times to achieve the
final composition. The second coating step is usually followed by a
series of coating and vacuum etching steps used to create the AWG
component. In
some cases, a thin section of polymer (a half wave plate) is inserted into
the array waveguide section to desensitize the device to the polarization
state of the light.
olivier.zack
erstellt am: 14.10.00 22:13:30


Suntrader
[4523 Postings]


The DWDM devices produced by Lumenon differ in composition and
method of fabrication. Lumenon`s AWG devices are made of different
materials (hybrid sol-gel glass); they are made by spin- or dip coating of
fluids and at temperatures about 1,000oC lower than those used in FHD.
The devices are created
by photolithography directly in the hybrid sol-gel glass avoiding vacuum
film deposition, and they have optical properties that can be changed
over a broader range than those provided by commercial forms of FHD.
The latter difference allows Lumenon to make smaller DWDM devices or
miniature chips (measuring
smaller than 5 cm x 5 cm) than those produced by FHD. Smaller devices
permit manufacturers of DWDM systems to make more compact products
so their systems can be deployed in locations where space is limited,
providing more design
flexibility. The difference in the materials and method of fabrication used
by Lumenon also allows it to make AWG devices more simply (through a
simplified process), using less costly equipment, faster and in larger
quantities per unit
of processing time than FHD component manufacturers. The Company
believes, at present, that no other manufacturer utilizes the sol-gel
method in the commercial production of optic devices for use in the
DWDM market. Additionally, another method of producing DWDM
technology, Chemical Vapor Deposition (CVD), is being explored by
another company, Lightwave Microsystems.

Lumenon`s goal is to provide high quality, low cost DWDM devices. The
Company selected its PHASICTM process because it believes that high
volume manufacturing methods similar to those used by the





microelectronics manufacturing industry are necessary to meet
telecommunications customer demands for high volume, low cost and
reliability. The Company believes that its materials, design tools and
process give it a technological edge that will allow it to cut component
costs, resulting in higher yield optical chip production, similar to the
results created when the microelectronics industry lowered costs in
manufacturing integrated circuits.

Lumenon intends to market 4, 8, 16, 32 and 64-channel DWDM products
that it has designed. The Company has begun producing, testing and
manufacturing a limited number of 8-channel product devices with
production and testing of its 16 and 32 channel product devices to be
completed by June 2000. In addition, the Company intends to offer
services based on the Company`s capability to design new customized
DWDM devices according to specific client needs. These needs may
include, among others, channel count, channel spacing, central
wavelength and
optical loss characteristics. Services may include product
troubleshooting, product repair, product improvement and adaptation to
client needs. The Company`s DWDM products may be subjected to a
variety of industry applicable reliability performance tests that can be
met and sustained by the Company`s technology. DWDM products may
be "feature-packed" in reference to size, reliability, performance,
additional optical functionality (like Bragg gratings) combined with cost
effectiveness. Because the DWDM is created on a silicon
substrate, there is the potential for product enhancement by combining
other features e.g., lasers, on the same silicon substrate. Lumenon
intends to provide fiber connected or pig-tailed DWDM products to the
telecommunications market,
which includes long distance, local, metropolitan, business call and
access markets.
olivier.zack
erstellt am: 14.10.00 22:15:10


Suntrader
[4523 Postings]


Lumenon`s products will address existing demand, and create conditions
for expanded use of its devices and families of devices, by utilizing its
technology and expertise for existing and new product development in a
client-specific manner. For example, the Company is presently targeting
an existing DWDM market
that has for the most part, very specific needs, but because the
Company manufactures its DWDM devices from a Platform Technology, it
can use similar materials and processes to produce both devices related
generally to the DWDM industry and optical internetworking and
customized devices for the DWDM industry. Examples include optical
chips for selectively adding or dropping
wavelengths (channels) and optical cross-connects. Because the
technology is a Platform, the Company can expand from its DWDM chip,
building into new kinds of optical chip products beyond DWDM. The
Company believes that customers may
favorably view the idea of having optical devices that are all related to
one another through a common (generic) technology. Photonics is a
nascent industry and the Company believes that it will be necessary to
work with customers closely to meet their specific needs. See,
"Technology and Products - Platform
Material Technology and Advanced Software Design Tools" regarding the
ability of the Company`s Platform Technology to be combined with other
products and devices to create new products, including custom made
products.


dranbleiben

olivier

MfG

Pitz

[pitz]

Es soll sich keiner beklagen über zu wenig Information:



A New Photonics Plant Is Opened
The Government Participates in an Investment
of $58 M and the Creation of 200 Jobs

Ville Saint-Laurent, October 6, 2000 - The Deputy Premier and Minister of
State for the Economy and Finance, Bernard Landry, and Dr. S. Iraj
Najafi, President and CEO of Lumenon Innovative Lightwave Technology
(LILT Canada Inc.), today opened the company’s new plants in Ville
Saint-Laurent. The company, which specializes in manufacturing
integrated optical components, will receive a financial contribution of $3
million from Investissement Québec for its $58-million investment
project. The project will help create 200 new permanent high-technology
jobs.

"The government is pleased to support job creation in the optical
components sector, which is growing robustly, particularly with the rapid
development of telecommunications networks and the phenomenal
growth in data and image transmission over the Internet. In view of the
strategic role photonics will play in boosting the capacity of
telecommunications networks in the twenty-first century, we are proud to
back the development of an innovative company like Lumenon," the
Deputy Premier indicated.

Lumenon specializes in making optical components, i.e. it designs,
develops and makes integrated components consisting of compact glass
hybrid circuits on silicon chips. The chips are used to multiply the
transmission capacity of fibre optic networks.

"Thanks to the unique technology developed by Lumenon researchers for
the production of photonic chips, enabling a daily production of 1 000
chips, the company intends to capture a share of the market estimated
at $1.3 billion in 2002, which will place Québec among the world leaders
in this field," the Deputy Premier concluded.

MfG

Pitz

[Pringle]

Den Thread mit

"Aufpassen! Ein Ultrahightech-Wert mit einem 2001er KGV von 4 und einem 2002er KGV von 1.3 kann man sonst nirgends finden."

zu beginnen, halte ich schon für sehr gewagt. Das KGV von 4 hat man, wenn das Unternehmen ihre Technologie zum Einsatz bringen kann, Abnehmer findet und sich diese Hybridchips auch wirklich gut verkaufen. Das steht alles in den Sternen. Mag schon sein, daß da Potential drin steckt, aber ist schon mehr als riskant.

Pringle

[pitz]

Die Chinesen sind nicht so zaghaft, wenn es um die Implementierung von neuen Technologien geht.
Hier ein Beitrag, den ich von Mr. Holmes aus dem Ragingbull-Board entnommen habe:




In January 2001 a Letter of Understanding with the Shanghai Weiyuan Business Development
Company (Weiyuan) to create a joint venture to manage and fund an optical fiber manufacturing
plant in the Qingpu Industrial Park (Qingpu) in Shanghai. Weiyuan has had a licence from the
Shanghai Government and has sought a joint venture partner to facilitate this project, as it had
neither the engineering capability nor the full necessary funding available. Qingpu is considered to
be one of the best Industrial Parks in China for manufacturing. It receives the full support of the
Shanghai Government and has all the necessary infrastructure, being close to all major
transportation links with excellent power and water sources. Multi-national companies such as
DuPont Co. and Fuji Photo Film are already on-site tenants.

The Shanghai Government has been working for nearly 2 years on an initiative to create an
Optical Fiber Hub similar to the Silicon Valley of California. The plan begins with a major
optical fiber plant to anchor the hub, thereby attracting many Chinese, as well as foreign optical
fiber related companies to be based in Shanghai.

The planned initial capacity of the plant will produce 30 tons of quartz "preform" rods per annum to
draw 1 million km of optical fiber, with expansion plans increasing output to 90 tons, to draw 3
million km within the following two years.

With nearly two hundred fiber optic cable plants and only a handful of optical fiber factories that
produce quartz "preform" rods, China is at an early stage of development. China is only able to
supply less than 20% of its own fiber optical market needs. Currently, Philips Electric and Lucent
Technology have joint venture factories that produce 70% of China`s optical fiber supply. China`s
telecom, cable and private networks are expanding and upgrading to faster compression speeds
that are capable of delivering multi-media services. China`s requirements for the next 10 years
are estimated to be over 10 million km of optical fiber per year.

Hmmm...10 million km of laid fiber per year would require how many DWDM, couplers etc...Nice.
My vote for a second plant is in Shanghai. I can only hope...Mr.H~

MfG

Pitz

[mr007]

hey pitz,
bin selber fett in glasfaseraktien investiert(digl,ocpi,oplk)und immer am recherchieren da ich vom wachstum der branche überzeugt bin, doch deinen "wahn" zu lumm kann ich nicht so recht nachvollziehen, wie kommst du überhaupt auf ein kgv von 4, wann wollen sie den break even erreichen, wieviel nasse machen sie pro quartal, wie hoch sind ihre cashreserven??? ich wäre dir dankbar wenn du mir grob antworten könntest! akt. kurs 5$, mk 164 mill., ist wirklich nicht besonders hoch!
mfg mr007

[pitz]

Ich fasse mal die wichtigen Punkte kurz zusammen:

Das Unternehmen besteht seit 1998.

Das Produkt, eine Art optischer Prozessor, ist kleiner als die der Konkurrenz, dank zig facher gleichzeitiger Verarbeitbarkeit von verschiedenen Frequenzen entsprechend schneller als Konkurrenzprodukte, wesentlich kleiner in Bauraum und billiger herzustellen.

Das Produkt ist zur Marktreife entwickelt.

Was noch fehlt ist ein Auftragspolster bzw. die Verträge für die Fertigung.

Da ein hoher Bedarf besteht (40% Wachstum der Branche pro Jahr), und das Produkt mehr als wettbewerbsfähig ist, dürfte das eigentlich kein Thema sein. Die ersten Aufträge werden derzeit erwartet.

Ein Fabrikgelände steht mitsamt 100 Mitarbeitern bereit, um die Produktion aufzunehmen. Die Einstellung weiterer Mitarbeiter ist geplant.

Die KGV-Werte habe ich, wie oben bereits erwähnt, von Consors (Info-World, WKN 920942 eingeben).

D. h. diverse Analysten und Investoren und beteiligten Firmen rechnen damit, dass dieses Jahr die ersten Gewinne eingefahren werden.

Die Hauptkosten liegen bei so einem Produkt in der Entwicklung.

Die Kursentwicklung zeigt, dass derartige Firmen gerne über einen Kamm geschoren werden, obwohl ich das in diesem Fall für einen Fehler halte.

Wer Risiken minimieren will, sollte abwarten oder Stoppkurse einhalten.

MfG

Pitz

[pitz]

Einen ersten Auftrag gibt es schon:

Thursday January 18, 4:28 pm Eastern Time
Press Release

Lumenon Receives Order for Advanced AWG Product

ST-LAURENT, Quebec--(BUSINESS WIRE)--Jan. 18, 2001--Lumenon Innovative Lightwave Technology, Inc.
(NASDAQ NM: LUMM - news), a developer and manufacturer of high-quality optical devices for the global
telecommunications, data communications and cable markets, today announced the receipt of an initial order for a customized
AWG (Arrayed Waveguide Gratings) sample product.

Although the details of the order have not been disclosed, Lumenon has indicated that the order is the result of a collaborative
development effort with an OEM (Original Equipment Manufacturer) and is targeted at the burgeoning metro data market.

Commenting on this announcement, Dr. Chia-Yen Li, Vice President Operations and Chief Operating Officer, said, ``This
order is indicative of the ability of Lumenon`s breakthrough Hybrid Sol-Gel Glass technology and patented PHASIC(TM)
process to deliver optical components.``

MfG

Pitz

[zwinker]

Das hört sich ja alles ganz gut an.

Aber warum verkaufen Insider dann zu den jetzigen Kursen ???

[pitz]

@ zwinker:

Insiderverkäufe sind in den USA alltäglich und werden entsprechend wenig beachtet.

Hier mal ein interessantes Interview, was die Aussichten der Technik angeht:

Extract from Interview on DWDM`s

StockHouse: So there`s value that hasn`t been factored in to the share prices for certain
names in telecommunication?

Dan Morgan: Well, yes. Looking at some broad-based trends, I`m still big on DWDM
[dense wavelength division multiplexing]. I think that`s a tremendous area of
opportunity. Nortel is the leading name in that segment. Also, Corning is a major player
in that group. I`m also warming up now to Ciena [CIEN] a little bit more just in the fact that the
multiple has dropped so much. I felt before that at 250-300 times earnings it was excessive
compared to its peer groups. The fact that the stock has
gotten knocked back so much, it`s starting to look a little bit more interesting. I don`t own any
Ciena, but I do love that DWDM market, and I know that they`re really emerging right now. I
think they`re number three or four in that segment.

Article from Stockhouse intervieuw, January 16th, 2001

http://www.stockhouse.com/interviews/jan01/011601com_outlook…

Jetzt geht´s aufwärts

MfG

Pitz

[pitz]

@ zwinker:

Nochmal speziell zu Insiderverkäufen:
Bei weniger als 1% zwischen März und Mai 2000 ist wirklich alles halb so wild und Schnee von gestern.

Aus dem ragingbull board meint dazu Davidausa:

Let`s get the facts straight: Najafi sold 125,000 shares between March 9, 2000 and May 18, 2000,
not "300,000 or so" out of the total 10 million he controls. Andrews sold 84,100 between March 10,
2000 and July 10, 2000 out of the total 10 million he controls. So, they sold less than 1% of their
holdings. I don`t recall their salaries off hand, but they are paid very modestly. I think these small
sales are insignificant and quite understandable. They`re also old news.

--Davidausa

MfG

Pitz

[mr007]

hey pitz,
bei stabiler nasdaq -10% auf 4,50$!?
was mich aber noch bedenklicher stimmt ist die tatsache, daß fast alle glasfaser/optikwerte im plus schließen!
ich wäre an deiner stelle vorsichtig bei lumm!
mfg mr007

[pitz]

@ mr007:

Ich war auch vorsichtig und habe bei 5,10 € einen Stopp gesetzt.

Normalerweise wäre ich also ausgestoppt worden.

Allerdings waren die Umsätze in ganz Deutschland null, und in den USA sind die Lumenon zuletzt mit 6 $ nachgefragt worden.

Das bedeutet + 16%. Charttechnich ist auch genau ein doppelter Boden erreicht worden.

Mein Glück, dass ich mein stop loss noch löschen konnte.

Jetzt gehts nach Norden!

MfG

Pitz

[pitz]

Tatsächlich haben die deutschen Börsen den US-Kurs 1:1 übernommen.
D. h. +16%, trotz der Luftangriffe aud Bagdad.
Ich hatte also recht, Ventro zu halten.

MfG

Pitz

[pitz]

Nur um einmal zu veranschaulichen, welches Erwartungspotenzial Lumenon-Kenner der Aktie zutrauen, hier ein Beitrag von davidausa, einem der aktivsten Lumenon -Investoren aus dem Ragingbull-Board:




Here are some of my thoughts as to how things will develop over the next year or two. I`d
appreciate hearing how other people are thinking, too:

1. News. Based on this week`s vague and nonspecific announcement that LUMM is officially
"operational", I don`t think we`ll get detailed information from the company in the future about how
things are going. One specific we may get in March is the relationship with Molex, but even this I
wouldn`t count on. Instead, what I think is that LUMM is going to behave like other established
companies: we will get information at the time quarterly results are announced, interspersed with
occasional investor conferences. However, even this information isn`t going to be very much until
analysts demand it (we individual investors don`t have enough of a voice). I would expect that we`re
going to have many new analysts following LUMM after next quarter`s results are released showing
revenues.

2. Customers. We`re going to know only in general terms what customers LUMM is selling to.
First, we will know what their products are, we will hear what they`re displaying at places like the
OFC, and from this we will deduce who would be interested in buying their products. Second, we
might get some information about Molex, because if Molex continues the teaming agreement, they
will be reselling their LUMM products and we`ll probably be able to find out what they`re selling.
Third, eventually we will have analysts demanding to know what percent of revenues are coming
from specific companies.

3. Being Acquired. I think LUMM has a less than 50%, but still a substantial chance of being
acquired by another company. My guess is that the period when this is most likely will be between
May and September of this year, after LUMM has announced revenues for the third fiscal quarter
and the stock price has strengthened, but before LUMM has committed significant capital to
another factory (or entered the market to raise more capital). Part of my reasoning is that I believe
LUMM wouldn`t sell for less than $2-3 billion (for example, 4 shares of NT for one of LUMM or 3
shares of JDSU or CSCO for one of LUMM). I don`t think companies like these could justify this
type of payment to their investors with LUMM trading at a market valuation of $175 million.

4. Revenues. When LUMM sold a sample run, we knew there were one time revenues. Now that
LUMM is officially operational, we know there are continuing revenues. The next step is to find out
how much these revenues are. We can estimate, but it`s basically just a guess until May when the
third fiscal quarter results are announced. Personally, I will be happy if they report $5 million of
revenues for the current quarter, but I think $10 million or more is within the rhelm of possibility.
($5MM is based on 100 chips per day, $2500 per chip and 20 days of operation). Once LUMM is
fully ramped up, I believe their current factory can generate at least $500 million per year of
revenue, perhaps even twice this. ($500MM is based on 1000 chips per day, $2500 per chip and
200 days of operation). Within a couple of years, LUMM could generate billions of revenues per
year if their PHASIC technology becomes the industry standard for passive optical chips -- which I
think is also a possibility. Furthermore, they could expand beyond passive optical components
through strategic alliances (which Najafi and Ross have publicly stated is a possibility as early as
this year).

5. Stock Price. I think LUMM is currently trading far below a fair market value for several reasons.
First, I think the fact that LUMM entered the market through a reverse merger rather than through an
IPO has put it at a disadvantage in terms of market awareness of publicity (although the positive
side of this is that it has given all of us an opportunity to buy shares at much lower prices, so I`m
not complaining). Secondly, I think that the convertible bond holders have been selling into market
strength, which has led to the price remaining low and staying off of the broader investment
community`s radar. Third, I think overall market conditions this past year have been adverse for
speculative technology stocks like LUMM. However, all of these circumstances are becoming
irrelevant as LUMM now is generating real revenues, has real products that are competitive and
available for purchase, and the convertible bond holders are quickly getting out of the picture
(they`ve only $12 million of debt left, if they haven`t converted any since January 22). The new
relevant information includes last week`s announcement that LUMM is operational, next month`s
OFC, possible news about Molex, and, most importantly, May`s release of the 10Q report. At $5,
LUMM has a market valuation of about $175 million. As it becomes clear that LUMM will generate
$20 or $30 million of revenue in the fourth fiscal quarter (April - June of this year) -- which should
be evident by the time this quarter`s 10Q is released in May, I think LUMM`s share price will have a
minimum floor of $20 ($800MM market valuation). As it becomes clear that LUMM will be
generating $500 million of revenues next year -- which should be evident by the time the 10K is
released in September, I think the stock price will have a minimum floor of $50 ($2 billion market
valuation). As it becomes clear that LUMM may become the industry standard for passive optical
chips -- which may take anywhere from a year to three years, I think LUMM could reach a value of
$500 per share ($20 billion market valuation). As LUMM broadens its product line beyond passive
optical chips and establishes itself as the leading source for optical components, it is conceivable
that LUMM could achieve a market valuation comparable to an INTC or TXN ($2500 per share or
$100 billion market capitalization).

6. Speculation. Of course, everything is speculative until it actually happens. Much of what I
speculate in the above paragraph is a long, long way from actually occurring. We`re going to watch
this all unfold slowly over many months and years. I am very excited to see LUMM reach the critical
milestone of becoming operational. I think we`re going to enter a new phase of our thinking over
the next three months, as the market finally realizes that LUMM is for real. Personally, I couldn`t see
myself selling a single share of LUMM based on what I know today for less than $50.

Well, I`ve rambled enough. I hope this is of interest to somebody. I will be interested to see if
others have comments.

--David

MfG

Pitz

[pitz]

Es sollte in meinem vorletzten Beitrag natürlich Lumenon statt Ventro heißen.

Pitz

[pitz]

Einen interessanten Beitrag habe ich ganz oben in der Liste der meistgelesenen Nachrichten der MSNBC Hompage (Platz 6) gefunden: http://www.msnbc.com/top10.asp

A clean-room technician inspects a micro-fabrication unit at Lumenon`s high volume, optical chip manufacturing facility.

The future of
fiber optics?

New phasic technology helps meet growing demand

By Barry Brown
MSNBC CONTRIBUTOR



MONTREAL — Thirty years ago, fiber optics was just laboratory theory. Now it’s one of the fastest growing technology industries – particularly in Canada, thanks in part to industry leader Nortel. With fiber optics demand rapidly outgrowing capacity, a Canadian newcomer, Lumenon, is hoping its new technology will help double industry potential.






Lumenon Innovative Lightwave Technology, Inc. (LUMM)
price change
$4.16 +0.094

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Data: MSN MoneyCentral Investor and S&P Comstock


LUMENON’S $25 million manufacturing plant, just outside Montreal, is part of the growing photon triangle developing between Montreal, Ottawa and Quebec City.
Fiber optics utilizes light’s properties — spectrum colors, the way it disperses and re-joins — through a glass-based “wave guide” that harnesses light photons to carry information and operate electric computer chips.
The optical components market grew 145 percent in 2000, to $5 billion, said Felice Phillip Meffe, Lumenon’s vice-president of business development and marketing. By 2004, he said, the market is expected to hit $24 billion.
This phenomenal market growth stems from the explosion in communications technology and the ability of fiber optic cable to carry more information faster than traditional copper.
Tools using fiber optics are growing so fast than systems manufacturers like Nortel, Cisco and Lucent can’t meet the demand. So Lumenon, a two-year-old company, has developed a patented manufacturing process that it hopes will double industry capacity, according to Reginald Ross, Lumenon’s vice-president of corporate development and chief of strategic operations.



“The growth in demand is outstripping the growth in capacity, which is running at a 50 percent-plus annual rate,” Ross said. “As a result, Lucent and Cisco have warned of their inability to meet demand. I’ve seen studies that indicate the optical components market will be capacity constrained for another two years.”
“Our process is to provide volume,” Meffe added. “What differentiates us from other array wave guide manufacturers is our product will perform the same form, fit, function and be capable of meeting technological change.”
The company aims to produce 500 units per day, or 100,000 devices per year, in a market that’s large enough for 200,000, he said.

PATENTED ‘PHASIC PROCESS’
Using a unique, hybrid material that combined the properties of glass with the manufacturing ease of plastics, Lumenon has patented a “phasic process” to manufacture fiber optic components using technology pioneered from the semi-conductor industry. Lumenon’s technology utilizes photo imprinting to take a number of different circuits and make them more complex or simpler according to demand.
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Throwing money at the shortage of components is not the answer, Meffe said. The true barrier to entry is ensuring “you don’t have to re-tool,” he said. “You have to have a technology which can migrate forward.”
Current network technologies rely on dense wavelength division multiplexing (DWDM) to increase transmission on fiber optic networks. Traditional multiplexers must be crafted one at a time, a relatively time-consuming and expensive process. DWDM is a core technology for increasing the capacity of optical fiber, allowing open-ended network expansion without the cost of having to install more fiber optic cable.

FOCUSING ON THE CORE
Making the carrier more productive and less costly is the goal of the fiber optics industry, just as it was for traditional copper wiring. While Lumenon executives say their efforts are in line with other new mediums, such as wireless technology, Ross warned the “death knell for copper isn’t around the corner because there’s over $100 billion in underappreciated copper in the books of the (phone companies). It’s going to take a significant amount of time to depreciate that.”


Currently, the fiber optics industry is “focusing on the core – the big switches linking cities,” he continued. In two years or so, he said, that will be followed by the “metro wave” when large organizations switch over. After that will come the “local access wave and then the consumer product wave.”
As expanded “bandwidth is pushed further into the home, it drives the requirements up higher and higher. . . Freeing up the bottleneck now speeds up the . . . greater demand down the road,” he said.

‘AN INTELLECTUAL EDGE’
Joseph Biernat, an analyst with Kimball & Cross Investments in Boston, said Lumenon’s process of producing photonic chips through photo lithography is much less labor intensive than methods currently in use by Lumenon competitors like JDS Uniphase.
“The only question now is whether they can pull it off. Other companies like Bookham have been trying to revolutionize the (mass-production) process but they are behind schedule.

If (Lumenon) can deliver, their shares are tremendously undervalued,” he said.

The presence of two universities — McGill and Ecole Polytechnique — in Montreal, which both have “significant intellectual property,” and nearby Nortel, give area companies like Lumenon an “intellectual edge,” he added.
Internet demand, which is doubling every nine months, means the photonics industry is “moving closer to the curb,” and within the next five to 10 years will likely be the main communication pipeline in private and corporate buildings, he said.

Man beachte den vorletzten Absatz

MfG

Pitz

[pitz]

Während Komkurrenten teils Entlassungen durchführen, stellt Lumenon Leute ein:
(Quelle: Ragingbull.com, Autor: MotherMcCree)

Lumenon hiring.......


Just went for my usual morning workout at the gym, and for my cup of coffee afterwards. As is also customary, I also browse through the Montreal Gazette as I sip, and noticed in the Career section of the Gazette this morning, an impressive ad by Lumenon.

Interesting that Nortel, JDSU, and Videotron are laying off thousands, but Lumenon is hiring. I think this says it all. As the saying goes, inch by inch, time will reveal that this was all a cinch.

From the Montreal Gazette this morning (February, 28th)

Regards,


Chemists and Other Positions - Lumenon
make MOLECULES to make light work
Lumenon offers EXCITING OPPORTUNITIES for candidates in photonics, the most rapidly growing high technology sector.

Lumenon designs, develops and builds integrated optical devices in the form of compact hybrid glass circuits on silicon chips. These innovative products are created using Lumenon`s patented low-temperature PHASICTM and proprietary Hybrid Sol-Gel Glass technology. The chips can dramatically boost bandwidth in fiberoptic cabling, the pipeline for today`s burgeoning telecommunications industry.

We are currently looking for:

CHEMISTS with the following background:

Synthetic Organic
Polymer
Sol-Gel
Materials Characterization
Quality Control*
Materials Formulations*

Minimum of 3-5 years of experience in the industry and a Master`s or PhD degree.

*Bachelor`s degree

OTHER POSITIONS in the following categories:

Account Manager
Systems Engineer
Sales Application Engineer
Product Specialist
Packaging Engineer
Manager - Optical Circuit Design & Characterization
Technician - Materials Formulation

Minimum of 3-5 years of experience with an appropriate degree.

For more details, visit our website`s Careers section at www.lumenon.com

Please send your resume to:

LUMENON
Human Resources Department
8851 Transcanada Highway
St-Laurent, Quebec H4S 1Z6
Fax: [phone]
Email: [e-mail]

LUMENON INNOVATIVE LIGHTWAVE TECHNOLOGY INC.

ke0224



Contact Information
[e-mail]
Origin: Montreal Gazette

MfG

Pitz

[pitz]

Gerade habe ich was vom letzten Sommer bei Marketmillionaires.com gefunden.

Der Artikel bietet nochmal einen Gesamtüberblick zum Unternehmen.

Lumenon Technology, a development stage company, designs and develops fiber optical products for the global
telecommunication and data communication optical networking markets. For the nine months 3/31/00, revenues totaled
C$198 thousand, up from C$9 thousand. Net loss totaled C$172.8 million, up from C$462 thousand. Results reflect
increased cash balance the Company had, offset by the expenses for research and development and additional
research/development and administrative personnel.

-- Lumenon Innovative Lightwave Technology [LUMM] is a young, speculative fiber optics play that is still a relative
unknown to investors. However, after unveiling its patented manufacturing process and its first fully packaged photonic
chip product at the Optical Fiber Communication 2000 (OFC 2000) exhibition in Baltimore, Maryland, the company may
appear on a few more radar screens.

The company, which came off the pink sheets (with a marketcap of 1.5 billion while on it, which I believe is the largest
company to come from the pinks) and directly to the Nasdaq National Market is a company which could very well be a
strong rival, and quite possibly, even take the spotlight away from JDS Uniphase in the coming few years. Lumenon, and
rival Avanex both have technologies which rival JDSU, however, they both have the potential in the long term to take the
meat of the marketshare away from JDS. Why? Low cost volume manufacturing of optical components. JDSU
has to spend millions to increase production becuase they have no automated processes. However, LUMM
does not because the infrastructure and mechanisms of production allow for low cost volume, with high
capacity production. Again, we are only at the beginning of this buildout process. Expect heavy losses in the next few
years, but after the initial buildout, LUMM will be in the spotlight.

For investors who got in before the pink sheet fiasco that saw Montreal-based Lumenon get bumped off the OTC BB, the
last couple of months have been a trying exercise in patience and faith. Lumenon, along with a number of other
companies, was caught out when the regulations covering trading on the OTC BB were tightened up and the company
was forced to file new documents with the SEC in order to regain its OTC BB status. The company`s more than $1.5 billion
market capitalization while on the pinks did little to speed up the process, as the SEC made sure that it looked very closely
at Lumenon`s forms. Lumenon returned to the OTC BB on Thursday, March 9 (although with apparently only one market
maker for the time being), and on April 13th, received the Nasdaq listing which it rightly deserved several months back.

What Lumenon has been working feverishly on for the past year is an innovative, low-cost solution for mass production
of its Dense Wave Division Multiplexing (DWDM) components. The company finally debuted its PHASIC manufacturing
process as well as its first product, a fully packaged 100 GHz 8-channel optical waveguide, at OFC 2000. There were a
lot of interested observers in and around the Lumenon booth in the exhibition hall, checking out both the process and the
product, and the conference included all of the heavyweights in the optical networking space, including JDS Uniphase
[JDSU], Nortel [NT] and Lucent [LU]. The interest was not surprising as DWDM components and companies were a hot
theme throughout the conference.

DWDM technologies will likely be essential to the further development of fiber optic networks because they allow service
providers to expand network capacity without laying more fiber optic cable. As a result, DWDM components are among
the most anticipated fiber optics technologies coming to market. And not surprisingly, DWDM companies have been among
the most sought after in the fiber optics space over the last few months. In December, Nortel paid more than $3 billion for
Qtera at a time Qtera was still a research firm developing long-haul DWDM technologies, without any products or revenue.
Around the same time, Cisco [CSCO] committed $2.15 billion to buy Pirelli`s [PIREY] optical systems business and its
DWDM expertise.

The challenge of producing DWDM components in volume drew many eyes to Lumenon at OFC 2000. Lumenon`s packaged
product specs indicate that its method of manufacturing low-cost optical integrated circuits is viable. And its PHASIC
process offers the advantage of being able to rapidly adjust to new specifications. One of the company`s strengths going
forward will be the software layer in the manufacturing process that controls the design of the "mask" that imprints the
circuitry on the photonic chips. Lumenon`s process holds the promise of adjusting to a redesign in a week, where a
traditional manufacturing process would take almost a month. Furthermore, the cost and time savings for building a
manufacturing facility using Lumenon`s processes seem compelling at this stage. Lumenon is currently building a $20
million plant that is expected to begin producing 500 chips per day by next summer. A semiconductor-style foundry
typically costs between $1 and $2 billion to build and generally takes two or three times as long to come online. Lumenon
currently plans to begin production within the next two months in its 20-chip-per-day facility, while preparing its second
facility. If Lumenon can bring its second facility online within the expected time frame and can roll out 500 devices a day,
there will almost certainly be a market for its products and variations thereof.

Initially finding a market for its products will not be a problem. The company currently has an agreement with Molex
[MOLX] to test, package and market Lumenon`s chips commercially to OEMs worldwide during the first year of
production. The agreement is part of an equity financing arrangement that saw Molex take an equity stake in Lumenon.
While Lumenon will receive a very low gross markup on its products during the first year of production as part of that
arrangement, the Molex connection should help Lumenon gain a foothold with OEMs as a result of Molex`s existing
relationships.

Lumenon`s main competitor, Avanex {AVNX] has a market capitalization roughly 15X greater than its counterpart, and has
trader in a range of between $50-$350 since going public in February. Again, this is another strong reason that Lumenon
is very attractive at these prices. It`s like getting in on JDS, AOL, CSCO or MSFT in their early infancy. If Lumenon is able
to successfully integrate its processes and become the leader in the field, or even a strong contender to JDS, you can bet
that we`ll see a hefty increase in its share price. Lumenon is currently at the same level as Avanex, if not even ahead of
it, yet it`s undiscovered. Very few know about the stock. During the next market spike up, we are expecting about a
200-300% spike in Lumenon shares.

Technically, at this point, the stock is still caught up in the negative trend just as all other future wave tech stocks with no
earnings are. Don`t expect anything to happen over the next few weeks. We still see the downtrend continuing for at
least another week or so before the buildup of a definite buy signal. Wait for the MACD to start picking up, and the moving
averages to fully converge before taking a big leap in. There is downside risk, which we see, to about the $8 level. A
once in a lifetime buying opportunity, if you ask me. If we see shares fall to these levels, we would highly recommend you
step in.

Lumenon is one of the 5 most intriguing companies currently listed on the Nasdaq stock market. When the professionals
discover this gem, and when the brokerage houses come in with their buy recommendations and outlook, look for a
tremendous pickup in enthusiasm by the general public. This company, along with our last company (MAXY) are two
companies which we have really taken a liking to. This is not a short term play by any means, however, it is a fairly good
play for the rest of this year, and for next year when we expect this company to finally receive the praise and attention
that it deserves.

Price Targets:

Day Trader (1 week) - $11.75

Short-Term (1-3 months) - $27.88

Mid-Term (1 year) - $81

Long-Term (1-3 years) - $450

Additional Research Links:

http://clubs.yahoo.com/clubs/lumenonforum

http://www.ragingbull.com/mboard/boards.cgi?board=LUMM&read=12302" target="_blank" rel="nofollow ugc noopener">http://www.ragingbull.com/mboard/boards.cgi?board=LUMM&read=12302

http://www.ragingbull.com/mboard/boards.cgi?board=LUMM

http://www.lumenon.com

Just what is DWDM? http://www.ragingbull.com/mboard/boards.cgi?board=LUMM&read=12287

Die Aussicht auf 450$ innerhalb von 3 Jahren finde ich nicht schlecht.

Vor allem, weil die Aktie heute gegen den Trend 16% gestiegen ist und wohl ihren Boden gefunden hat.

MfG

Pitz

[pitz]

Hier noch der Link zu der letzten Meldung und zusätzlich der Grund für den heutigen Anstieg:
Man beginnt langsam mit dem Marketing.



Lumm Coverage

Dear MMPremium Member,

We issue the following 1 week trading buy on LUMM.

LUMM - Lumenon Innovative Lightwave

Buy - @$4.00-$4.25
Max Buy Price - $4.75
Stop Loss - $3.00
Volatility - 79 (Very High)
1 Week Target - $5.05
1 Month Target - $6.10

Justification: This may be the time to get into this optical darling
of 2000. The company has given back the lionshare of its gains,
falling to the $5-$10 level. This was partially due to the exuberence
in the markets over the last year, and partially due to the fact that
LUMM has not received any tangible orders for their DWDM optical
components.
( http://biz.yahoo.com/bw/010309/2045.html - Link to Friday`s PR)
On Friday they announced a major promotional campaign at this years
Optical Fiber Communications Conference in Anaheim, March 19-21.
This news comes, hopefully, as a paradigm shift for the company,
going forward. The company was up roughly 5% on Friday, a day where
the indicies were down severely. Therefore, it is our belief that the
company will rally in the wake of this news.


Four all you Lumminites, we did profile the company roughly 7-8
months ago: http://www.marketmillionaires.com/stocks/lumm.html

MfG

Pitz

[pitz]

Nach längerer Bodenbildung scheint sich jetzt etwas zu tun:

Time & Sales most recent back next
LUMENON INNOVATIVE LIGHTWAVE - Nasdaq National Market: LUMM


Rec. Time Action Price Volume Exch.
4:57:16 PM Ask 1 2000 Nasdaq NM
4:48:48 PM Ask 0.99 5200 Nasdaq NM
4:48:47 PM Ask 1 2000 Nasdaq NM
4:47:18 PM Ask 0.99 5200 Nasdaq NM
4:47:18 PM Bid 0.5 2000 Nasdaq NM
4:47:18 PM Ask 0.99 100 Nasdaq NM
4:47:18 PM Bid 0.5 1000 Nasdaq NM
4:05:03 PM Ask 0.57 100 Nasdaq NM
4:05:03 PM Bid 0.55 1000 Nasdaq NM
4:05:03 PM Ask 0.57 2000 Nasdaq NM
4:05:03 PM Bid 0.55 2000 Nasdaq NM
4:02:27 PM Ask 1 2000 Nasdaq NM
4:02:21 PM Ask 2.3 100 Nasdaq NM
4:02:21 PM Bid 0.5 2000 Nasdaq NM
4:02:21 PM Ask 2.3 100 Nasdaq NM
4:02:21 PM Bid 0.5 2000 Nasdaq NM
4:02:01 PM Ask 2.3 100 Nasdaq NM
4:00:35 PM Ask 0.75 2000 Nasdaq NM
4:00:08 PM Ask 0.75 1200 Nasdaq NM
4:00:08 PM Bid 0.5 2000 Nasdaq NM

most recent back next
5:02:42 PM EDT - Wednesday, July 25, 2001 - data is real-time
Feedback

Man beachte den Ask-Sprung von 0,57 auf 0,99 innerhalb einer 3/4 Stunde.

Leider liegt mir noch keine Nachricht vor.

MfG

Pitz

[pitz]

Lumenon Innovative Lightwave Technology, Inc. Conference Call Highlights

ST-LAURENT, QUEBEC--(BUSINESS WIRE)--Oct. 4, 2001--Lumenon
Innovative Lightwave Technology, Inc. (NASDAQ NM: LUMM), a
manufacturer of high-quality optical devices for global technology, data
communications and cable markets, told investors in a conference call
today that the Company planned for a transition to volume manufacturing
by the end of its fiscal third quarter of 2002.
In a conference call with investors, Gary S. Moskovitz, President and
Chief Executive Officer, said, "We are working very diligently toward our
target of having products being sampled by the marketplace before the end
of our second quarter of fiscal 2002 (December 31, 2001)." He added that
the transition to volume manufacturing was scheduled for the end of the
Company`s fiscal third quarter.
Mr. Moskovitz also told investors, "As we have clearly demonstrated,
we intend to continue our focus on establishing appropriate collaborative
relationships in order to gain access to markets, customers and
technologies and generating service revenues. Relationships have already
begun with well-known companies such as Northrop Grumman that are
seeking to access Lumenon`s unique expertise in materials science,
optical circuit design and manufacturing processes. We will continue to
pursue opportunities to provide a range of revenue generating services as
these types of relationships increase and mature."
Mr. Moskovitz outlined the Company`s strategy to achieve its goals in
fiscal year 2002:

"In order to achieve our goals for fiscal year 2002, our success will
require focus and detailed, hands-on management. Our efforts will be
concentrated in six areas:

--
Refinement of our PHASIC(TM) design process and
manufacturing methodology to ensure a smooth hand-off from
research and development to manufacturing, allowing us to scale
more easily to volume production;
--
Expansion of services and product offerings from simple passive
components to a mix of solutions, ranging from unpackaged
optical chips to packaged, multi-functional integrated optical
devices;
--
Continuation of Telcordia and related test programs for our
products in order to meet industry and customer quality, reliability
and performance expectations;
--
Pursuit of design wins and volume orders;
--
Raising of additional financing, by leveraging a developing record
of success and taking advantage of our existing stable financial
situation; and
--
Continuation of both the prudent management of our resources
and the strategic recruiting of talent to achieve our growth
objectives while ensuring the long-term viability of the Company."


He told investors, "As of June 30, 2001, Lumenon had a cash position of
CDN $22.3M (US $14.7M). Our unaudited estimate of cash as of
September 30 was approximately CDN$18.5M (US$11.7M). This shows an
approximate cash usage rate of CDN $1.3M (US $1M) a month for the past
3 months. We believe our diligent focus on conserving our financial
resources demonstrates our understanding of the detailed, hands-on
management approach required to succeed in an industry downturn such
as the one we currently find ourselves in."
In conclusion, Mr. Moskovitz said, "We remain confident in our mid- and
long-term growth opportunities and believe our strategy, in conjunction with
our cash conservation efforts, sets a clear path for profitability. We believe
that Lumenon`s unique expertise in materials and the PHASIC(TM) design
process and manufacturing methodology will provide us with long-term
advantage in the development and manufacture of optical components and
integrated optical devices."
The Company said its annual report, with proxy, will be mailed to
shareholders on or about October 15, 2001. Its annual shareholders
meeting will be held in Montreal on November 14, 2001 with a conference
call at the end of November.

... etc.

http://www.stockhouse.com/news/news.asp?newsid=924942

[pitz]

A little over 3 months of cash left at last Q`s burn rate.
Monday October 1, 6:10 pm Eastern Time
Press Release
SOURCE: Lumenon Innovative Lightwave Technology, Inc.
Lumenon Innovative Lightwave Technology, Inc. Reports Fiscal 2001 Fourth Quarter and Year End Results
Webcast Scheduled for October 4, 2001
ST-LAURENT, Quebec--(BUSINESS WIRE)--Oct. 1, 2001--Lumenon Innovative Lightwave Technology, Inc. (NASDAQ NM: LUMM - news), a manufacturer of high-quality optical devices for the global telecommunications, data communications and cable markets, announced today its results for the fiscal fourth quarter and year ended June 30, 2001.
Lumenon`s loss for the fiscal fourth quarter ending June 30, 2001 totaled CDN $15.2M (US$ 10.0M), or CDN $0.39 (US $0.26) per share, compared with CDN $50.7M (US$34.3M), or CDN $1.58 (US $1.07) per share for the same period in 2000.
As of June 30, 2001, Lumenon had a cash position of CDN $22.3M (US $14.7M), compared with CDN $5.4M (US $3.7M) as of June 30, 2000. For the fiscal year ended June 30, 2001, the loss was CDN $58.4M (US $38.6M), or CDN $1.58 (US $1.04) per share, compared with CDN $223.6M (US $151.2M), or CDN $8.80 (US $5.95) per share for the fiscal year 2000.
Commenting on the current status of Lumenon, Gary Moskovitz, President and Chief Executive Officer, stated, ``Since my arrival as the Company`s Chief Executive Officer in May, we have devoted considerable time in examining the Company and its technology. We are more convinced than ever of the viability of our business model, the competitiveness of our products, and the advantages of our PHASIC(TM) design process and manufacturing methodology.``
Mr. Moskovitz continued, ``Our research and engineering teams have continued to work hard and with increasing teamwork over the past few months, and have achieved numerous positive results, including base-lining their processes and methodologies with an aim towards an efficient and successful launch into volume manufacturing.
We believe the Company is now poised to complete its product development and continue its transition from a development stage company to volume manufacturer. In addition, we believe our cash position remains strong with approximately CDN$18.5M (US$11.7M) as of September 30.``
He concluded, ``We have emerged from the year with more focus, strength and integration as a Company. We believe that our developing record of achievements, unique materials expertise and PHASIC(TM) design process and manufacturing methodology, will be well received by the market as we work towards our target of having selected products being sampled out in the fourth quarter of calendar 2001.``
In conjunction with today`s release, Lumenon will broadcast live, via the Internet, its fiscal fourth quarter conference call Thursday, October 4, 2001, at 10:00 a.m. Eastern Time. Investors interested in listening to the live Webcast, should log on to www.kcsa.com approximately twenty minutes before the conference call is scheduled to begin. You will need to register as well as download and install any necessary audio software. The Webcast will be available for replay for 7 days following the call.
About Lumenon Innovative Lightwave Technology, Inc.:
Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds optical components and integrated optical devices in the form of packaged compact hybrid glass and polymer circuits on silicon chips. These photonic devices - based upon Lumenon`s patented PHASIC(TM) design process and manufacturing methodology - offer communications providers the ability to dramatically boost bandwidth for today`s burgeoning telecommunication, data communication and cable industries.
For more information about Lumenon Innovative Lightwave Technology, Inc., visit the Company`s Web site at http://www.lumenon.com.
Any statements in this press release about future expectations, plans and prospects for the Company, including statements containing the words ``believes,`` ``anticipates,`` ``plans,`` ``expects,`` ``will,`` and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: that we are a development stage company with no experience in manufacturing and marketing our products; that we have a significant number of outstanding convertible notes, warrants and options, the exercise or conversion of which could decrease the price of our common stock, which would lead to additional shares of our common stock becoming issuable upon the conversion of any remaining outstanding convertible notes, making it difficult to evaluate our business; several of our agreements will reduce the amount of revenues that we will receive upon the sale of our products and this may decrease our profitability; that we may be unable to obtain funding to meet our future capital needs, which could cause us to delay or abandon some or all of our anticipated spending, cut back our operations, sell assets or license our technologies to third parties; that there are significant risks associated with the manufacture of our products; that the markets in which we compete are highly competitive and subject to rapid technological change; we may not be able to compete successfully if we are unable to adapt to new technologies and successfully develop new and evolving products which may lead to reduced sales of our products, reduced revenues and reduced market share; and other factors discussed in our most recent quarterly report filed with the Securities and Exchange Commission.
You may register to receive Lumenon`s future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the ``Digital Investor Kit(TM)`` icon at www.kcsa.com.
--------------------------------------------------------------------------------
Contact:
KCSA, New York
Joseph A. Mansi / Sarah Shepard
212/896-1205 / 212/896-1236
[e-mail] / [e-mail]
www.kcsa.com