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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: Kevin Hamlin who wrote (1505)4/26/1999 9:42:00 PM
From: Michel Houle  Read Replies (2) of 6016
 
"....still excited about that Delphi SOFC move with BMW!"

For me, it is not so obvious that GLE would be the link between Delphi and BMW, or between Delphi and GM/Toyota. Not impossible, but I think people here are too quick to fill the gap. Many imagine Global to be in bed with Delphi, but having the name Delphi on a Communiqué is far from enough for me to jump to the conclusion that GLE should be trading at a valuation similar to Ballard.

I am not even sure Global should be compared to Ballard. One month ago, the company itself was not even considering automotive application. Today, people imagine Global fuel cells will be in every car on the planet! I like the company and it could have a bright future, but I think it needs some cooling (pun intended).

mh
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