There was an interesting article by Sen. McCain on the editorial page of the WSJ on 10/30/03 regarding the Senate voting that day on the Climate Stewardship Act. This bill was introduced by Sen. Joe Lieberman and Sen. John McCain to help fight the global warming problem. They indicated the cost per household per year was only $20 and that according to a recent poll of 1200 citizens 75% were supportive.
What really caught my attention was that "over the next 20 years, $10 trillion to $20 trillion will be spent globally on new energy technologies. To tap into this growing market and reap the profits, US companies must innovate like their Japanese and European competitors who are currently forced to comply with more stringent environmental regulations."
I never did hear or read if this bill passed or not. Has
anybody picked up on this bill?
On another hot topic, in the current Nov. 10 issue of Forbes there is a very interesting article on nanotechnology
in which they state "there are very few nanoplays now public. One good one is NVE (NVEC) co that develops electronic memory using the spin of electronics."
They license their MRAM technology to Cypress Semiconductor and Motorola. They state their licensees plan to start commercial production within a year. This technology is one of two prime competitors to ECD's OUM technology.
NEV (NVEC)reported its second fiscal quarter results on Oct. 21, reporting revenue of $2.8 mil and revenue of $5.68 for the first six months. Daniel A Baker, PhD, President and Chief Executive Officer stated "We continue to support commercialization of our MRAM intellectual property,Baker added, "and NVE licensees Cypress Seniconductor Corp and Motorola, Inc. expect to introduce MRAMs in the next year."
They earned $740,894 or $.16 per diluted share, compared to $252,525, or, $.06 per share for the first six months of fiscal 2003. They go on to provide "revised guidance of $0.17 to $0.35 per diluted share net income for the fiscal year ending march 31, 2004. The lower end of the guidance range allows for possible start-up expenditures associated with the commercialization, marketing and selling of Cypress-built MRAMs. The company expects to make such expenditures, however, only if Cypress is successful in producing commercial MRAM." This is only a brief excerpt from both articles.
I find it highly interesting that NVE is profitable on such low volume when developmental costs in this highly technical field run on and on and on.
Now, where does ECD stand with their OUM technology from a
time frame standpoint?
Regards. |
