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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (32727)5/24/2007 12:23:35 PM
From: Bill Harmond  Read Replies (1) of 57684
 
24-May-07 08:41 ET In Play Color Kinetics profiled in New America section of IBD (27.67 ) : IBS is reporting a month ago, two companies installed test lights to illuminate the exterior of the Empire State Building. There were solid patterns, vibrant stripes, strobe effects and other sequences called Fourth of July, New Year's Eve and fireworks. Color Kinetics (CLRK) is one of the companies vying for a $5 mln contract to bathe New York City's tallest skyscraper in intelligent lighting. It makes computer-controlled, light-emitting diodes. LEDs, as they're called, are capable of producing an array of colors and infinite patterns. Analyst Michael Burton of ThinkEquity Partners said the white light market could be the Holy Grail for Color Kinetics. But it will face challenges. In 2004, Color Kinetics rolled out its first white light products. But in the last quarter, white lights made up just 5% of total sales. Tanous said the white light market is massive with potential sales over $100 billion.
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