Maverick, calm down, you are just a babe (38 years old) at the height of the cold war (at or before your birth) people were beginning to build bomb shelters (against nuclear attack) in their back yards. I lived in New York City, I had no back yard. What was I to do? Run under the dinning room table? If you go to New York today or any major city in the northeast(US) you'll still find signs pointing to nuclear bomb shelters. I bet even today some of these bomb shelters still carry provisions to wait out a nuclear attack. I was 13 in 1960 when you were just seeing the light of day. I can remember TV programs that would scare the s__t out of me. TV wasn't as graphic as it is today so the drama developed imagery in people's minds. Do you remember Nikita Kruschev, leader of the Soviet Union, banging his shoes on his UN desk declaring that he will bury the west? I watched it on the 7 o'clock news. There was even a movie about the end of civilization because of a nuclear war accident. And do you know where salvation was for the characters at the end? Australia, yes Australia, the land down under. Why Australia? I don't know, I need to watch the movie again. I can not remember the name of the movie. I believe Gregory Peck was the star, a well know movie hero next to John Wayne, the founder of the US west.
Anyway, I just want you to relax. Enjoy father's day. The world isn't coming to an end, nor are OE's markets. Right now I believe Europe is the prime target for OE, the US is next. I could have that reversed. Sure you are right about S&P. But the chances of that happening are small because OE has made REAL PROGRESS TO DATE with the two-stroke engine in the marine market. There are no reasons why OE can not be successful in the four-stroke market. Even if the Japanese gave away their technology (no royalties), I believe the costs will still be on OE's side. You are the mechanical engineer, from what you know (equipment used and operating characteristics) OE is the low cost solution. I believe the royalty costs to the car manufacturers are insignificant for them, however, significant to us all. The more important issues concern the technology, does it work, and the total manufacturing costs (new manufacturing facilities, material availability, total quality). OE has been put under the microscope by the major marine engine manufacturers. They bought into OE (remember Ficht was available to them)and news from OE isn't being hyped.
Yes there is risk, but that is to be expected. I wouldn't let your mind travel, keep focused. Don't let India scare you.
Pierre |
