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Old Jul 8th, 2011, 08:14 PM   #31
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

^ South American women (she definately looks South American) age really well! Unlike Slavic women or German women...
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Old Aug 25th, 2011, 04:05 PM   #32
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

She is so rich

She and her housband bought a house for $10,52 millon of dollars!They founded Excelsior Medical in Neptune, NJ (a medical supply company)

Some of their history

In 1990, after two years and dozens of M&A deals at Drexel Burnham Lambert, he quit Wall
Street to create Excelsior Medical Corporation with his wife and college roommate. Excelsior
was one of the first companies to utilize digital electronics in healthcare, developing
sophisticated medical devices with embedded computers bringing reliability, functionality and
accuracy never seen before in the industry. The company eventually evolved into
pharmaceuticals becoming the largest producer of pre-filled flush syringes in the world. In 2004,
the company was sold to a Private Equity Firm. Currently, he lives in Palm Beach, FL with his
wife of 23 years and two sons.
David grew up in Madison, NJ and graduated with a BS in Mechanical Engineering from
Rensselaer Polytechnic Institute in 1983. After RPI, he traveled to Los Angeles working in
Aerospace at Hughes Aircraft Company, Ground Systems Group. At Hughes he rotated through
various divisions in the manufacture of ground based radar systems - quickly climbing up the
long and bureaucratic management chain. While working full-time, he completed his MBA -
Finance in two years at the University of California at Los Angeles (UCLA).
He spent a summer interning on the fixed income trading floor at Goldman Sachs, but decided to
enter the world of M&A in 1988 as a Corporate Finance Associate. This was at the peak of all
Drexel and Michael Milken scandals with full daily coverage in the Wall Street Journal.
David and his wife, Margaret, were featured as “The Entrepreneurs” in a 1990 article in Money
Magazine titled “In search of the American Dream” by Richard Reeves (see below).In Search of the American DREAM

(MONEY Magazine) – Last spring MONEY commissioned author and syndicated
columnist Richard Reeves to travel the U.S. from the Texas hill country to teeming
Miami to the windswept new towns of California's high plain. His assignment: Find out
what Americans dream of achieving in the 1990s, how aspirations have changed, and
who is making progress. Reeves covered 15,000 miles and met with more than 200
people. What he saw and heard was a coast-to-coast tribute to the dream
THE ENTREPRENEURS LOS ANGELES -- David and Margaret Lumia
stood out among those I met for just this sort of industrious independence. In the '80s,
the impulse to own your own business was mixed up with the emphasis on making a lot
of money. Now the deeper motives are coming through: desire for freedom and
fulfillment.
David is 29 and grew up in suburban New Jersey, son of a lawyer for AT&T,
grandson of a prison guard and carpenter whose family emigrated from Italy. ''A
company man,'' says the son of his father, whom he admires for balancing loyal
corporate service and its rewards with energetic devotion to his wife and four children,
capping it all with early retirement at the age of 55. The son graduated from Rensselaer
Polytechnic Institute as a mechanical engineer. He headed west and signed on with
corporate America -- Hughes Aircraft -- and walked into the regiments of men serving
time for their mortgage payments. ''The first day,'' he says, ''I realized I'd been sold a bill
of goods.'' I understand perfectly. Up to that day our lives were almost identical. I was a
mechanical engineer from Stevens Institute of Technology in Hoboken, N.J. and
enlisted in the ranks of the busy unhappy -- and on the first day made up my mind to get
out.
Lumia got his M.B.A. at UCLA while working at Hughes. One month after he
received his M.B.A., he was in the cockpit of 1980s hypercapitalism, the Los Angeles
office of Drexel Burnham Lambert. He was far from bored or underutilized there. He was
doing investigations of companies designated, sometimes without their knowledge, as
possible takeover targets. The first day on the job, a Monday, he came home at midnight. By Thursday it was 4 a.m., and that schedule continued through the weekend
-- 80- hour weeks were typical and he was always on call, even on the weekend. Within
a year, at the age of 28, he was making close to $130,000 a year in salary and
bonuses.
His wife, meanwhile, was burning up her own track. Margaret Lumia, 33, is a
doctor of pharmacy by education, the daughter of a pharmaceuticals sales manager
who traveled the West Coast. He told her once that hospitals and doctors were being
grossly overcharged for simple medical equipment, like the tamperproof caps on I.V.
bottles. ''You can sell them at half the price and still make a profit,'' her father said. In
1977 he formed a company, Acacia Inc., in San Bernardino, and he and Margaret -- first
as manager, then as president when he retired -- did just that. Then, last year she came
up with the idea for another tamper-resistant product, an adapter that makes it possible
to use the same syringe for intravenous and oral treatments. Acacia now has 16
employees.
When Margaret became pregnant last year, David decided there had to be more
to life than working 20-hour days for someone else. So he began his own study of what
hospitals needed, determined to start a company just like Margaret's. The answer, it
seemed, was a computer-driven system to fill I.V. bags to physicians' specifications. He
called his old fraternity roommate at RPI, Thomas C. McGuire, who has a bachelor's in
electrical engineering with a master's in computer science but who was, at the time,
selling real estate in Troy, N.Y. David's message: come to California and we'll invent
something and get control of our lives. He still had Drexel Burnham money in the bank.
Then he went to his boss at Drexel and said he needed time for himself. What
was company policy on leaves of absence or severance? The answer: ''I don't know. No
one's ever asked.'' Lumia did leave. He called his new corporation Excelsior Medical
Corp. On a Sunday night at Excelsior's second major trade show, and with most of his
savings gone, David was in a room at the Marriott Hotel in San Antonio with Tom and
Margaret, who was then eight months pregnant. At 3 a.m., only six hours before the
opening of the convention, they finally put together the I.V. system. It did not work.
There were two problems. First, the fluid leaked into the bag because there wasn't
enough pinch on the feeding tubes; and second, because there was a leak, the system
couldn't pump accurately. ''Maybe we could use duct tape to try and further squeeze the
tubes,'' said Lumia. ''Duct tape,'' he told the young woman behind the hotel desk
downstairs. She had no idea what he was talking about, and he kept calling, a dozen
times, each more desperate then the last. At about 4 a.m., the woman finally found a
precious roll of duct tape. Dawn was breaking over San Antonio as they carried their
work, and David's dreams, into the convention hall. It was a huge hit. Like Thomas
Edison before them, they headed home with another problem: how to mass-produce the thing
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Old Aug 25th, 2011, 04:07 PM   #33
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

Margaret and JJ hit on court together one hour a couple of years ago.


I have pictures of the house but I will not posted.

Margaret keep climmbing on the doubles ranking
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Old Aug 25th, 2011, 05:01 PM   #34
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

There's hope for a Nancy Loffler-Caro comeback then!
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Old Aug 25th, 2011, 06:48 PM   #35
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

Sorry if that's already said but when did she start to play tennis? What age was she?
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Old Aug 25th, 2011, 10:36 PM   #36
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

Amazing story!
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Old Aug 26th, 2011, 12:16 AM   #37
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

i sooo need a video!
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Old Aug 26th, 2011, 05:29 PM   #38
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

She's rich? Suddenly I lost all interest
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Old Aug 27th, 2011, 03:11 AM   #39
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

She looks like she isn´t a day over 40.
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Old Aug 27th, 2011, 04:32 AM   #40
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

she does look very young indeed! So pretty.
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Old Sep 9th, 2011, 01:36 PM   #41
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

This lady started playing at 60 years of age in 2009. She is 62 now, looks like she's complete and utter crap though. Still...giving it a go at 60 is quite brave.

Susie Witwer - born 1949

http://www.itftennis.com/womens/play...layer=45004030
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Old Sep 9th, 2011, 02:47 PM   #42
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

Quote:
Originally Posted by Dani12 View Post
This lady started playing at 60 years of age in 2009. She is 62 now, looks like she's complete and utter crap though. Still...giving it a go at 60 is quite brave.

Susie Witwer - born 1949

http://www.itftennis.com/womens/play...layer=45004030
She lost the only doubles match she ever played, meh.
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Old Sep 9th, 2011, 03:37 PM   #43
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

Quote:
Originally Posted by Sammo View Post
She lost the only doubles match she ever played, meh.
She won one in 10K qualies - partnering a 14 y.o., easily young enough to be her granddaughter
Opponents ages: 24 and 19 (meaning she was older than all other three players on court combined).
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Old Sep 9th, 2011, 03:40 PM   #44
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Re: Margaret Lumia (54yo) - oldest newcomer ever?

Quote:
Originally Posted by Archer16 View Post
She won one in 10K qualies - partnering a 14 y.o., easily young enough to be her granddaughter
Opponents ages: 24 and 19 (meaning she was older than all other three players on court combined).
Maybe it was her granddaughter
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Old Sep 14th, 2011, 12:42 AM   #45
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Smile Re: Margaret Lumia (54yo) - oldest newcomer ever?

Lumia reached two finals this summer. One in Havanna Cuba and the other in San Luis Potosi Mexico. Each are worth 8 points. She now has 43 points for the year and a rank of 694 reached on Sep 12.
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