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Non-Tech : Gentex (GNTX)

GNTX 23.45

-0.1%

3:59 PM EST

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To: Turs who wrote (153)	12/17/1998 3:09:00 PM
From: Turs	Read Replies (1) of 196

One of the newer analysts on GNTX (from JP Morgan) put out a report today with two encouraging items: 1. Toyota is now out of the EC mirror business. They had previously had about a 2.5% market share, with those mirrors mostly going on their own cars sold in Japan. They will now buy from Gentex (they had been buying some GNTX mirrors already) and from Tokai Rika, which is another Japanese EC mirror maker with less than 2% of the world market. Both Toyota and Tokai use a solid-state technology, which is more costly and not as stable as the solution-based approach GNTX uses. 2. Mgmt. supposedly indicated to him that the architectural glass product has passed some technological hurdles and may be at a new level in terms of life cycle. Building glass needs a life of about 12-15 years before it is marketable and cost effective. GNTX has been stuck at a 5-7 year life for years. If this information is correct, it may indicate that we could see revenues in 2001 from this product. That would certainly be exciting. But until I get better confirmation of this, let's just assume that mirrors are all this company does. Turs

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