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Gold/Mining/Energy : The New Power

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To: Tom Swift who started this subject	9/6/2003 12:13:37 PM
From: Tom Swift	of 166

Established companies are better bet By The Motley Fool September 1, 2003 Years ago, I bought a superconductor company on the advice of my broker. They were in the process of developing filters for cellular phone towers to minimize static, disconnects, etc. The company had a filter that worked, and the filter had already been tested by a major player in the telecommunications industry. The stock went from $17 to $31 in months. Then, it became apparent that the company had funding problems as it geared up to produce the filter. Every press release promised sales "in the future," but the stock price plummeted. The best description is from the movie Aliens: "We're on the express elevator to hell!" It plummeted to well below $1 per share. - W.H., Ames, Iowa Advertisement The Fool responds: This is a great lesson - that a terrific technology is not enough to ensure success for a company. It needs to translate that into sales and must increase those sales (and earnings) over time. Some firms just don't have enough money to take their offerings to market, or they have trouble persuading buyers to buy. It's best to seek firms with established track records. rockymountainnews.com

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