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Technology Stocks : Energy Conversion Devices

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To: Frank Haims who wrote (2384)	9/29/1998 10:57:00 AM
From: fred whitridge	Read Replies (1) of 8393

I was a bit disheartened by today's conference call to discuss earnings: - instead of telling us information arrived too late to publish a 10K why don't they tell us what is late and why it is late? Why don't they volunteer to have a follow up call once it is published? A 10K would have verified for us whether they have bought back any stock as has been rumored. And if they have been buying back stock why don't they strut that fact around? Or maybe selling stock at $10 to $13 (depending on how one treats the warrants) doesn't yet make it a buy at $5 and change? Or maybe they aren't buying back stock? -why does it take questions from James Woods, Tom Hoff, and then the company's own investment banker James Myers (presumably a very unhappy guy just now) to admit that indeed Ricoh is not yet a liscencee? -why in the past have we gone into blindingly specific detail on battery production, lineal feet of electrode belt, cost/kwh, energy densities and yet are so silent now? If I heard Stempel correctly, are we really only at "30 modules/day" or slightly over one vehicle pack per day? Must be mighty lonely down in Kettering Ohio. I don't understand the evasiveness or the apparent selective dissemination of information. The First Albany guy seemed to know an awful lot about the timing, cost, and color of the negotiations surrounding a 25Mw plant. Why can't the rest of us get a peek under that tent, or even be told that a tent is a-building? We should put together our own conference call of some of the knowledgeable souls on this board with James Myers and/or Ruder Finn. Since the company doesn't seem to know how to tell its own story, maybe we could craft one for it. If Myers and/or RF won't play, my paranoic fears will be stoked big time.

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