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Technology Stocks : Energy Conversion Devices

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To: Metacomet who wrote (3046)1/22/1999 11:31:00 PM
From: Ray  Read Replies (1) of 8393
 
Del, you wrote:

"This company has yet to demonstrate that it has a clue
how to profit from its technology. I think it is at least plausible that Ovshinskys skills
are not in management but in technology. That would appear to be a valid
observation based on the empirical data."

This statement shows that you have not comprehended Don Devlin's recent message. "Observations based on the empirical data" show that few if any companies have yet made money in the markets that ECD's products address. No one will until these markets become sizable - which now seems to be happening. Eventually, soon IMO, ECD is quite likely to make excellent profits because its products are so outstanding. Why would you think otherwise?

If you like investing in companies that are already making profits, I suggest you look elsewhere - or sell your ENER stock until ECD shows substantial profits, then buy in at several times the present level. As for me, I am content to buy now, when the stock price is low, and wait patiently (well, impatiently - but without losing sight of the fact that ECD's markets are not going to explode immediately).
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