Beaming In On A Laser Wizard
For a little company whose stock is selling at less than 2, Lasertechnics has mighty big friends: J.P. Morgan has taken a 23% stake, worth $5 million, in the Albuquerque maker of laser systems for imaging printers and product markers. And investment adviser James D. Wolfensohn Inc., headed by former Fed Chairman Paul Volcker, has acquired 20%. Government-owned Singapore Technologies Industrial is another believer: It invested $1 million, for nearly 5% of the stock.
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