Energy Conversion Devices has actually made profits several times in the past. On reviewing old statements I have found:
For the six months ending Dec. 1994 they had a profit of $4,490,803, but by year end that had become a loss of $3,892,656.
In 1995 they had a full year income of $7,205,664.
This was restated in 1996 to $5,605,664.
In 1996 they again had earnings of $1,054,269. So yes they have ascended to those lofty peaks, not too often and not for very long.
Technically they have even paid out dividends, if you include the 1100 mAh 1.49 Volt Gold Peak batteries that were given out at the annual meeting several years ago. They are still working dependably by the way. This year I am hoping for solar panels. 1 Watt for each share held would be very very lovely I would think.
I see some improvement in prospects for long term profitability. I have listed them below.
1. Solar roll to roll sales have increased and should sustain a decent growth curve. Sales for high altitude solar should be a profitable market.
2. Texaco has invested some $173,000,000 in the Cobaysis plant. I believe they have a good reason for doing so. Back up power for telephone exchanges, computer network hubs even load level stabilisation is a large market. combine that with the Hybrid market and it can make good business sense.
3. We are today seeing revenue from the Rare Earth Ovonic joint venture.
4. BAE, ST Micro, Samsung, and Intel are all pursuing some form of Ovonic phase change memory. Recently Intel was recently talking about having the CMOS and Flash memory on the same chip. I don't know if this is our technology they are talking about, but it sure sounds like our technology.
5. Hydrogen storage. We have moved ahead well on this front. I find it easier to imagine running a fork lift on hydrogen rather than propane inside a building. |
