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Technology Stocks : Energy Conversion Devices
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To: WALT REISCH who wrote (2579)11/6/1998 10:15:00 AM
From: E Haiken  Read Replies (2) of 8393
 
I don't think that Joe set you straight at all. The sale
of stock in Ovonic Battery is income to ECD. License fees
are also income to ECD. There was no mention in the press
release indicating that these were prepaid royalties, which
would be recorded as income as royalties are earned.
Therefore, I would expect an additional $8,000,000 of
income during the quarter in which the Sanyo deal closes.
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