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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM)
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To: Kevin Miller who wrote (67)2/15/1997 12:24:00 PM
From: gammaray   of 394
 
hi Kevin, the ceo russ chapmen is forecasting profitability by third qtr. These profits from potential substrate sales will fund the development of the motor and commodity recovery divisions. They recently discovered that the motor is caplable of producing 15% more power than originally thought and is currently being worked on in Utah.

Galtech (prior to Myerson) has worked with very limited funds. I give them a lot of credit for concentrating those funds on the substrate materials. Mr Chapman was astute enough to realize that it is important to sell something vs working on 3 things and selling nothing. Currently this company has NO DEBT to speak of and they are nearly ready to sell the best cadmium telluride to world class venors. We will be seeing sales of cadmium telluride very soon. Bill Tunnell tells me that large vendors are inquiring on the status of the substrates every day. Customers are waiting to buy as soon as it's available. A lesser management would have worked 3 products simultaneiously with stars in their eyes and drove the company into the ground. We are very close. Once this material is availble for sale, you will see a $5 stock. And that is just for starters.

Call Bill Tunnell at 1-800-457-2147 for the investors packet. Ask specifically for product info. He is a nice guy and has been very helpful in the past. Ask questions and we all would appreciate hearing about your discussions.

Neil
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