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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.760+1.1%Jan 9 9:30 AM EST

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To: michael a. rowe who wrote (4958)1/31/2000 1:05:00 AM
From: rr_burns  Read Replies (1) of 5827
 
Michael,
I agree it is in the long haul a net positive. However the
timing of this is bad given the last week or so, and where
this week may go with Mr. Greenspan speaking, and the inflation fears.

I was never concerned about dilution when FORD, or Daimler or... were issued shares from the company float in return for their investments. However this is different as it is a public issue, and seems to be aimed at taking the price out of the stratosphere, and converting the energetic retail pursuit of this stock into cash in the corporate coffers rather than say, doing a split.

One has to wonder about the brokerage community's knowledge about this in advance of the announcement - did it trigger some of the recent price slide?

As you indicate, it is a good thing on the whole when it yields manufacturing and delivery facilities but those results are a year or more in the future.

For people playing this stock long, I think this will be a stressful event especially if they got in near the recent top, as for them it is dilution.

rr
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