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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?


To: violetta martinez who wrote (2819)7/29/1999 12:24:00 AM
From: Dingo  Respond to of 6016
 
If this is old news, please be patient.

Sarah Hughes, in her article, estimates GLE would be successful in the remote market in fiscal year 2002 (estimated market of roughly $1 Billion). And the auto market alone is estimated to be about $9 Billion.

She concludes her article with "...the inclusion of mass market applications could increase our estimates significantly and, in turn, our current target price of $15 would change multifold if these markets came to fruition".

In other words, I believe her target of $15 to be conservative and based on projected revenues from heaters and thermoelectric generators.

Dingo !