Catalytica Energy Systems, Inc. (CESI) Message Board

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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: smh who wrote (1420)	12/4/1999 7:20:00 PM
From: Erik T	Read Replies (1) of 1514

My biggest disappointment to date is that Enron, which has the vision, incentive, and means, has apparently done little to make it happen. That I agree with, whole-heartedly. It will be hard for me to accept that Xonon will not be a huge success. That technology was the basis for my investment in Catalytica. I suppose the price decline could very easily represent "rapidly deteriorating confidence in the future of Xonon." The company really has done a poor job getting orders, considering the technology has been ready for a couple years, and the first memorandum of understanding with GE was signed over two years ago. I suspect management still figures there is significant value there, otherwise they could easily sell-off CCSI to someone like GE for a measly couple hundred million (wouldn't even show up on GE's balance sheet). Unfortunately, I doubt CTAL will split up the two divisions, as pharm supplies the revenue for CCSI to continue. I guess I must just sit back and trust management, which I do. Erik

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