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Technology Stocks : Research Frontiers (REFR)
REFR 1.820+5.2%3:58 PM EST

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To: Michael Klausner who wrote (507)2/8/1998 3:05:00 PM
From: Paul M.  Read Replies (1) of 50136
 
Michael,

Thanks for the fine post. You appear to be a scientist, or least seem aware of what is involved in bringing a truly new technology to market. Like you, I am a scientist and appreciate the revolutionary nature of SPD devices. REFR is not making sausages; they are creating a whole new world.

Like I said in another post, I read the recent article by the Hankuk team published in the proceedings of SPIE. I think any serious investor should likewise read the article to become fully informed about the serious problems that had to be solved. Then it might be clear why SPD devices have taken years to commercialize.

Your description of the nonlinear process required for developing any major new product is excellent. It should be a signal that this is not the kind of stock for weak hands to be holding. Those who need instant gratification should look elsewhere.

Paul

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