Global Thermoelectric - SOFC Fuel cells (GLE:TSE) Message Board

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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)

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To: Buckey who wrote (1056)	4/20/1999 9:16:00 AM
From: Jim P	of 6016

Globe says Ballard pact steals some of Global's lustre Global Thermoelectric Inc GLE Shares issued 16,113,384 Apr 19 close $8.95 Tue 20 Apr 99 In the News The Globe and Mail reports in its Tuesday, April 20, edition that Global Thermoelectric retreated $1.75 to $8.95 yesterday on the Toronto Stock Exchange. The Globe's Market Movers column reports that the Calgary-based maker of power fuel cells once again got some attention, but not the kind it particularly likes. Investors sold Global yesterday, only one business day after the shares hit a record high. The company announced on Friday a new deal to develop and sell fuel cells to auto-parts giant Delphi Automotive Systems. But as luck would have it, competitor Ballard Power Systems of Vancouver is also rolling out pacts. And General Motors and Toyota Motor plan to work together on low-to-no emission vehicles. The end result took some of the lustre off Global, says The Globe. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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