SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : PN - Pelorus Navigation partner with Honeywell
PN 0.749-7.5%Jan 16 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Step1 who wrote (58)2/8/1998 1:04:00 PM
From: bc  Read Replies (1) of 115
 
To All:

There was a write up in the Calgary Herald today titled " Pelorus Share Run Into Turbulence Despite Success".
It stated that Calgary-based Pelorus is widely considered to be the global pioneer in the development of satellite landing systems and asked why its shares aren't reflecting its market potential.
Basically they indicate that the market expected a huge flood of orders when Pelorus and Honeywell received approval from the FAA for their system last August. The airline industry is very conservative and even if they do agree to buy the system they will do it on a gradual basis.
Also they indicated that management wasn't focused enough on Investor Relations, instead they concentrated on properly managing the Honeywell relationship. Also the stock faltered because management was not keeping the market informed of its activities.
According to analyst Mike Hill at Acumen Capital Partners, Honeywell has a Citation jet flying around in the U.S. doing demonstrations on the SLS and is in discussions with a number of significant airlines, including Continental and United.
Rob Tedham, an investment adviser with ScotiaMcLeod, likes the company because it offers the opportunity for cheap ownership in the Honeywell world navigation group. " And the sales of SLS will take off; it's just a question of when because the FAA has set a deadline for implementation of these systems by 2010," says Tedham.

Hopefully we will see a turnaround this year.
Regards,
Bonnie
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News