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Technology Stocks : FCL - FuelCell Energy

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To: Bread Upon The Water who wrote (287)7/25/1999 1:27:00 PM
From: Scoobah  Read Replies (1) of 407
 
Allow me to answer these one at a time if you will;

1) First of all where would one check to see if the manufactures were stepping up to the plate.

We'll know about other competitors when they are announced.
So far the early winners are DCHT and Denora.

2) Second of all there may be reasons competitors in the PEM business do not want NW Power to have its version of the fuel cell as they may want to bring their own to market first without tipping their hand to NW Power (the utilities in the joint venture with Mechanical Technology etc. for instance)

That may be plausible to you, but not to me.

3) Third, if DCHT were going to get the whole dang 3.5 m contract I think they would be issuing press release after press release to this effect.

DCH and Denora are currently the only "announced" players for the $3,500,000. DCH couldn't begin to make a statement like that, before their first unit has been tested and accepted, and further orders placed.

However,In the Signal article, David Walker, DCH President stated,
DCH is on track to sell more fuel cell systems to Northwest Power if the first one “meets the quality criteria,” Walker said. So far only one competitor, De Nora, S.p.A. of Milan, Italy, is providing similar fuel cells to Northwest Power, Walker said.

the-signal.com

3a) They apparently can use all the good publicity they can get.

You may have noticed that DCH hasn't put out a press release since May 6, 1999, and that this release came from NorthWest Power, (NYSE: IDA)

They are focussing on their business and making great strides rather than on press releases.

The next press release I want to see from them is that their Form 10 has been filed, giving brokers a chance to solicit the stock to their clients, and turn the tide of supply demand on their stock.

Of course, I wouldn't mind an announcemt of a $ 2,000,000 or
$ 3,000,000 direct order for fuel cells or sensors, as that would surely change their perception and status in the investment and hydrogen community, and give them a more appropriate market cap than the paltry $ 8.6 million it is assigned as of the close firday, July, 23, 1999.

Anyone who thinks that is reasonable, (assuming the 12.5 million share figure is accurate), is not being objective, in my opinion.

An updated review of DCHT, with disclaimer, can be found here,
Subject 29658
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