i believe if you add up all of the $$$ spent by GE, westinghouse, nichia, siemens and everyone else who have "failed" to develop/produce a high quality SiC crystal, you will find that so far the switching costs for them have been impossibly high.
Uncle, when you get right down to it, this is the real reason for my investment in them. They have accomplished something that a number of deep pocket companies couldn't do with all their money. That tells me one thing: these are some smart guys, from the technology side of things.
But, that is a necessary but not sufficient cause for investment dollars. It becomes sufficient when they display business savvy. In 1999, they did so. The timing of the earnings report, the SPO and release of hard news items is nothing short of superb, in my book.
I don't yet fully understand all the nuances of gg, but I like it so far. In my opinion, the above combination will have an excellent chance of producing a gorilla, or at least the highest form of royalty. |
