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   Technology StocksGigoptix, Inc.

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From: RikRichter5/18/2007 3:44:16 PM
   of 148
Alert Triggered for Lumera Corp
LMRA's Trading Volume Exceeded Daily Average by 201.6%

LMRA is up $0.47 or 11.14% to $4.69 on heavy volume that exceeded its daily average by 201.6%. This performance is better than the broader averages as the S&P 500 is up 0.49% on the day.

Please note you will receive only one "Trading Volume Exceeds Daily Average" alert per day for Lumera Corp.

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From: RikRichter5/23/2007 9:10:57 AM
   of 148
Lumera Corporation Announces Order from Fujitsu Labs of America

BOTHELL, Wash.--(BUSINESS WIRE)--May 23, 2007--Lumera Corporation (NASDAQ:LMRA), a leader in the emerging field of nanotechnology, today announced a purchase order from Fujitsu Laboratories of America (FLA), at, for its electro-optic polymer modulators.

"We have been working with FLA in the field of optical interconnects, creating polymer modulator arrays that can work at data rates of 10 Gbps," said Dr. Raluca Dinu, Director of Lumera's Electro-Optic Business Unit. "We look forward to an ongoing relationship with them as they continue to develop innovative circuit board solutions."

FLA is performing research activity in the areas of optical interconnect development. In testing polymer optical modulators FLA found Lumera's electro-optical polymer modulators offered high data rate connections. Fujitsu Limited has patent applications for a module or subsystem using a polymer modulator in such module or subsystem.

About Lumera

Lumera is a leader in the emerging field of nanotechnology. The company designs proprietary molecular structures and polymer compounds for the bioscience and communications/computing industries, both of which represent large market opportunities. The company also has developed proprietary processes for fabricating such devices. For more information, please visit

Certain statements contained in this release are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the company's forward-looking statements include the following: market acceptance of our technologies and products; our ability to obtain financing; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards and to develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products; and other risk factors identified from time to time in the company's SEC reports, including its Annual Report on Form 10-K, and its Quarterly Reports on Form 10-Q.

CONTACT: Investor Relations:
Lumera Corporation
Helene F. Jaillet, 425-398-6546
The Summit Group Communications
Todd Wolfenbarger, 801-595-1155
Cell: 801-244-9600

SOURCE: Lumera Corporation

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From: tktrimbath6/1/2007 4:20:57 PM
   of 148
I missed the ASM. Rats. Oh well, that's the price of living on an island. (The ferry rammed the dock so I couldn't get to the meeting.) So, no notes this year. Did anyone else go?

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To: RikRichter who wrote (95)6/5/2007 6:03:12 PM
From: lexi2004
   of 148
Don't know if this was posted here before or not, but I just found it and posted it on one of my favorite BBs.

To: TATRADER who wrote (58755) 6/5/2007 6:00:25 PM
From: lexi2004 of 58774

Mark...Found something interesting regarding LMRA.

One of LMRA's board members is also on the United States Air Force Scientific Advisory Board, and this is what they do:
Provide independent wisdom and insight to Air Force senior leaders on science and technology for continued air and space dominance.

So, never hurts to have good associations and believe this contact with senior Air Force leaders can only be a help to LMRA.


Message 23600874

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From: tktrimbath6/30/2007 11:40:29 AM
   of 148
mid year review (Market cap ~ $0.09B)

INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

Lumera is still the hardest company to describe to my friends, and for the most part I don't try. They make bio-array chips, high bandwidth switches, high bandwidth antennas, and the potential for a large array of other products based on their organic electro-optical materials technology. As was said last year, if they succeed at any one of them, the company will be successful and able to use the money to grow the other products.

The cautionary note with them has changed somewhat for me. Originally the concern was that the culture of Lumera would be like the early culture of Microvision: hard to distinguish the hype from the reality. I don't think that is as much as problem as another aspect of the company's culture. They are producing products without fully understanding the customers' needs. The bio-array product is gaining acceptance slower than they expected because there are no accepted standards across the research and industry sites. Lumera is in the position to significantly raise and establish those standards, but found it out by consequence, not by advance research. If this is true across the entire product line then it poorly reflects on management and suggests that the company will succeed more on luck than planning.

Despite that, I continue to hold and even bought some more this year. Why? Partly because I believed management when they said significant things were about to happen. Bad boy (me, not them).

DISCLAIMER LTBH since 2004 and feeling quite sheepish for buying more. (Unless of course they succeed, in which case I will feel brilliant.)

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From: tktrimbath10/15/2007 4:56:00 PM
   of 148
Good news today (re: 40 GPS switch). I found it interesting that the jump (and then drop) in price put the stock back to where it was before last week's slump.

Today's news is welcome though. I believe it is the firs real product launch - as compared to the earlier prototype product launches.

So, sell the device in October. Collect the revenues in the fourth quarter. See the results in the SEC filings somewhere in February. Sound about right (assuming there are sales)?

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From: tktrimbath12/31/2007 4:35:22 PM
   of 148
end of year review of LMRA

INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

(market cap ~ $0.043B)

Lumera is a highly speculative company attempting to develop product lines based on organic materials for the manipulation of electro-optical components, bio-arrays, and applications like antennas.

The good news in 2007 was that they have officially announced the launch of the optical switch products. The bad news was that none of the other products launched, the switches haven't generated significant revenue, and the CEO left suddenly.

It won't take much for them to succeed, yet they don't seem to be able to manage that initial small success that will lend the company credibility. The new management has not impressed me and seems to be acting as stewards rather than leaders. Maybe they are quiet because they are getting ready to make a big announcement, but "maybe" is a not a good investment term in a company that has lost its CEO and isn't reporting substantial and quantifiable news.

I will continue to hold because there is little incentive to sell. The position isn't worth enough to become a significant investment anywhere else, and who knows, they might succeed. (Ick, what a position to be in.)

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From: tktrimbath7/1/2008 12:54:22 AM
   of 148
mid-year review of LMRA

INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

(market cap $0.02B)

Lumera is a high tech company and a very speculative stock based on exploiting the electro-optical of "organic" materials. Their focus areas were switches, antennas, and bio-arrays. They developed a division based on the bio-array business called Plexera. While Lumera has some products in the marketplace, they have no appreciable revenues. After the departure of their CEO, the company seemed leaderless. Subsequently, the company is being merged or acquired with a private firm and will become a new public firm called GigaOptix. A few years ago, the CEO agreed that Lumera only needed one successful product to become a viable company. Evidently, that has not happened. The Plexera division has been closed and the new firm will rely more on the switching technology.

I will continue to hold as the shares change into a new company because the total value of the shares is too low to be worth sweeping up into something else. I am encouraged by the GigaOptix management as they seem to be more active and willing to make hard decisions about product focus. It will probably take a year or so before the new company can be properly evaluated. The only thing that would allow an earlier look, would be substantial and sustainable product revenues. It might happen, but I haven't seen anything to suggest that such a good event is expected.


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From: tktrimbath12/4/2008 6:29:28 PM
   of 148
Lumera 2008 Annual Stockholders Meeting 12/04/08

I am an amateur investor and human. Mistakes will be made. The official sources are the Company and the SEC. When in doubt as questions of them, me and the others who attended.

This was going to be a sad day. No matter the spin, Lumera was being acquired/merged because it never succeeded as an independent public company. I arrived an hour early and was the second one there. The first one was the hotel worker who arranged the food and drink table. It was a half hour before any company employee showed up. There were only 45 chairs and by the time the meeting started, less than half were occupied.

The few familiar investor faces gathered in the back to talk about what could have been and what may be. I am always impressed at the depth of research some people conduct. Of course, we were all standing there with major losses in our portfolios.

The ex-CFO joined the group and answered a lot of our Q&A prior to the meeting. (I'll paraphrase those responses and include them below with the rest of the Q&A). Even he said that the meeting would be perfunctory.

The official meeting only took nine minutes. Scripts help. Basically, everything passed with about 60% of the vote.

QUESTIONS & ANSWERS (paraphrased for my convenience)
? I asked about the other 40% of the votes and they said it was mostly shares that weren't voted. There were only 400,000 NO votes.
? GigOptix's history is about as long as Lumera's but they have concentrated more on complete units. Lumera has great tech. GigOptix has customers. GigOptix also has impressive management skills.
? Beginning cash position will be best approximated by looking at the Q3 report for cash and cash flow.
? Lumera shareholders will own roughly 50% of the new company.
? 1 to 8 stock split will help, but be insufficient for, getting the company listed on normal NASDAQ. Growth is required to work back up from the "pink sheets".
? Bothell will remain with about 20 people. Modulators will be ready for market in June.
? The company continues to look for a buyer for Plexera.
? Lumera's tech advantage is the same as it ever was. Superior and proprietary materials properties allow the highest electro-opics performance with no moving parts. No one else can do 100 giga bits per second. But the market isn't there yet. The 40 gps market is small but growing at 90%. The 10 gps market is large but crowded.
? Sales timing will be dependent on budget cycles, replacement strategies, and the overall economy.
? GigOptix will basically provide the package that is improved by adding Lumera materials.
? Lockheed Martin uses 20 gps equipment.
? Management is excited about the prospects.
? This economy is expected to be less severe in terms of telecommunications.
? They are aware of China in terms of representatives and customers.

GigOptix has better management skills and customer base. Lumera has superior technology but couldn't make the business case. Together they hope to become very successful. The depressed economy and stock price are tough hurdles.

The short version: I can't lose much more. I might as well hang around.

The long version: Despite the assertion that management is excited about the merger, I wasn't convinced. I hoped to meet GigOptix management to begin understanding them and how they may run things. A presentation from them would have helped. But I get the impression that they weren't enthused enough to attend. It is signs like that which can tell me more than the several hundred page document describing the merger.

The market and the tech look good; but then, they always have. Maybe this will make the difference.

It is sad to see such potential fade and falter. The stock performance is only one measure of that. I am a champion of new ideas and think that the world gets better by trying new, more efficient things. I'd like to benefit from that financially as well. Millions of dollars and years of peoples' lives chasing such ideas. Many times they don't succeed, or at least, not at first. This story is duplicated too often. How many world-changing ideas were mis-handled?

I'll continue to hold the shares, and might even buy more if they show sufficient progress, but that may take years. In the meantime, the new company will have to create credibility. That intangible is non-trivial without sufficient revenues. Here's hoping (a terrible investment strategy) that they succeed.

DISCLAIMER LTBH since shortly after the IPO.

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From: caly12/30/2009 11:00:03 AM
   of 148
Just posting some links and information here on GGOX and DBSI as I try to unravel what's going on.


Feds seek control of DBSI

Authorities say managers of the troubled Boise company engaged in 'serial misconduct."


Compliments of a Yahoo poster...

This is as of March 2008

Under the terms of the merger agreement, DBSI, Inc., which is currently GigOptix's majority shareholder through its subsidiaries Stellar Technologies and iTerra Communications LLC, will become the new company's largest shareholder.


This is how it was described in the latest 10Q

“GigOptix LLC was the successor company of iTerra Communications LLC, ("iTerra"), which was founded in 2000. In July 2007, as part of a reorganization plan, iTerra formed GigOptix LLC, a wholly-owned subsidiary. All of the assets and liabilities of iTerra, with the exception of the $45.8 million of debt and accrued interest due to iTerra's primary member, were transferred to GigOptix LLC along with all of iTerra's operations and intellectual property.”


Resignation of Douglas L. Swenson from the GigOptix, Inc. Board of Directors


In his first report about real estate company DBSI Inc., bankruptcy court-appointed investigator Joshua R. Hochberg’s words paint a picture of a massive web of closely connected companies that were primarily controlled by one individual that defrauded investors by putting their money to work not as they were promised.


I noticed this email from Investor Relations was "somehow" deleted from the board...


Thank you for your question and giving us the opportunity to set the record straight.

The investigation concerning GGOX and DBSI is now closed, and GigOptix has no reason to believe that they pertain to any possible future litigation by the DBSI trustee relating to GigOptix.

The public time entries described in the inquiry relate to the Trustee's examination last summer. They accurately reflect that the Trustee was looking into historical transactions between DBSI and its technology subsidiaries, including transactions between DBSI and iTerra / GigOptix. The fruits of that work appeared in the Trustee reports that were released this fall. The immediate impact of those reports, of course, was that DBSI was no longer allowed to retain its debtor in possession status. The Trustee's findings, as you know, also led to Doug Swenson resigning from the GigOptix board.

In order for the Examiner to be paid for the work which was done, it needs to petition the bankruptcy court to use funds that might otherwise be available to satisfy other claimants against the DBSI bankruptcy estate. In that petition, the Examiner needs to state what was done, and that is done by providing time records as is the case here. To date, we have no further information that the Examiner or the US Trustee is doing anything further that would involve GigOptix.

One further point of clarification, the US Trustee and the DBSI Chapter 11 Trustee are different. The US Trustee is a part of the US Attorney's Office, which is part of the US Department of Justice. Among other things, it is how the government becomes involved in bankruptcy cases. The Chapter 11 Trustee is the management of the DBSI bankruptcy estate. He was appointed after Doug Swenson was removed as President of DBSI. Prior to that time, DBSI operated as a debtor-in-possession, which means that the existing management continued to manage the bankruptcy estate after the filing of the bankruptcy. The Chapter 11 Trustee now fills that role. The duty of the Chapter 11 Trustee is to protect the creditors of DBSI.

Finally, in order to maximize the position of the DBSI creditors, the Chapter 11 Trustee has asserted that despite iTerra and Stellar not being part of the DBSI bankruptcy estate and DBSI only holding a majority but not whole interest in iTerra and Stellar, that the assets of these entities should be controlled by the Chapter 11 Trustee. This is currently playing out in the bankruptcy court and is not unexpected. GigOptix has had no involvement in the matter between iTerra/Stellar and the DBSI Chapter 11 Trustee. A key consideration relates to the 1.5 million shares that were paid to Mr. Swenson’s entity for GGOX’s acquisition of technology assets. The issue only centers on who will ultimately realize the financial benefit of this GGOX stock that is sold in the future.

I hope this is helpful and puts to rest many of the inaccurate perceptions and speculations that are being discussed via the Internet.

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