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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY) -- Ignore unavailable to you. Want to Upgrade?

To: fred whitridge who wrote (230)	6/18/1999 9:54:00 AM
From: Sid Turtlman	Read Replies (2) \| Respond to of 542

Fred: Agree with you on most points. I think that hybrids are going to steal fc cars thunder. Before 2004, when the first fc cars are supposed to be introduced, most car companies (including DCX) will have hybrid cars that will outperform the fc cars in almost every respect, and won't require someone to invest billions in changing the fuel infrastructure. I am extremely enthusiastic about fc's for stationary power, but only at sizes that make economic sense - 250 kW and above. Below that, the costs will be just too high per kW for there ever to be more than a niche market, as MKTY shareholders will eventually discover. GE's commitment to Plug Power is fairly minimal. The continuation of the relationship is dependent upon Plug Power delivering product at certain cost targets that I believe are highly unlikely to be achieved. GE can then walk away and at worst lose a some petty cash. From GE's point of view, if Plug Power comes up with a sellable product, GE owns 75% of the joint venture that will get most of the profits. If Plug Power can't, then so what? ONSI is doing a good business, but reputedly is still losing money on every sale (its figures are so lost in UTX's big totals that one can't tell), despite getting $4000 per kW. Of course, how can one expect UTX, with some of the country's best engineers and years of experience, to be as good at getting costs down as well as can Plug Power, who claims it will be able to deliver a product at $500 per kW delivered and installed? How silly of me.