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Technology Stocks : SatCon Technology (SATC)
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To: Cabrina Dieters who wrote (37)8/27/1997 8:47:00 PM
From: Cabrina Dieters   of 440
 
Got this e-mail from Jim which he said I could post to the thread for him. Haven't quite got the hang of using my clipboard.

Hey Cabrina!

When this Hudson thing hit the fan, I didn't even consider the ramification for SatCon. You're right, the cost of the beef itself is minimal compared to the other losses Hudson has suffered, ie. it may have lost the Burger King account. They're actually talking about closing the plant where all the beef came from.

A simple detection system like Satcon's would have gone a long way to preventing this incident. The truly amazing thing is that Burger King was only short beef for less than 48 hours. If the market can absorb a loss of 25 million lbs. of beef in just a couple of days, that tells you how big this market is. This may actually turn out to be a better product for SatCon than its other high-tech stuff for awhile. Isn't that ironic.

Right now, I think Satcon's one of the most exciting plays out there. They have multiple product lines actually in production; their R&D is being funded by other companies and they have subsidiaries that are generating a positive cash flow while they integrate their technology into marketable products. If you ask me, $10 is going to look very cheap in about 12 to 18 months.

Keep up the posts. If you would, cut and paste this email into the thread for me. Bet you're glad for the chunk of stock you bought a few months back. Looking good.

Jim
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