Hi Cabrina,
Haven't check out those links yet, but here's a post from the yahoo! SATC chat.
From Individual Investor
ez_street98
Apr 30 1998
10:02AM EDT
We continue to rate SatCon Technology (NASDAQ: SATC) a buy, given the company's new contracts, continuing development of new products and
the huge potential of RIBS technology, which detects
bacteria in contaminated meat.
During the last few months, SATC received contracts totaling more than $3 million. The company's FMI division received $2 million worth of orders in
March for developing electronic components used for telecommunications applications. In addition, SATC has received multiple contract awards
totaling $1 million from the U.S. Army and the Navy's Office of Naval Research, with the potential for an additional $750,000 in follow-up funding.
According to the company, the RIBS technology is progressing very well. Right now, SATC has talks with several meat producers and equipment
manufacturers for possible contracts and joint ventures. SATC expects to close a deal by the end of the third quarter, ended June 1998. The potential
demand for an electronic scanner is huge, currently more than $2 billion.
We expect the company to become profitable this year, with earnings of $0.14 per share on revenues of more than $22 million.
Updated 04/28/98 with SATC at $11.38.
Recommended 11/18/97 at $10.00.
iionline.com |
