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Technology Stocks : Energy Conversion Devices

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To: alfranco who wrote (8150)	2/6/2006 6:11:19 PM
From: Tom Hoff	Read Replies (2) of 8393

Al, I wanted to update you on some SIT tidbits. Merril and Goldman gobbled up all the shares of Stevenson and even wanted more. The installiation at Honneywell was completed before the PR was relased and they expect to complete the remaining 235kw in about two months. SIT is in talks with ECD about how to improve their synergyies. I believe they would like to have their own machines and pay USSC royalties. Also GE is very pleased with the school program and they will do another 15 schools this year, that leaves only 220 more to go in San Diego alone. The growth potential of USSC and SIT is mind boggling, in fact they feel they would need 250 megs a year in three years to keep up with demand. One of the goals of Merril and Goldman is to put them on the NASDAQ next year.

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