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To: Yan Li who wrote (18385)	2/22/2000 2:41:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>> I suggest adding BLDP to proj Hunt list. I took a quick glance at Ballard Power's profile on Yahoo and came up with some questions: biz.yahoo.com Why are so many speculative Story Stocks based in Canadia? No inferences regarding jdsu or ntel intended. Why have the markets rewarded such poor financial performance a market cap of almost $10B? For the 3 months ended 09/30/1999, revenues were 16,316; after tax earnings were -22,181. (Preliminary; reported in thousands of Canadian Dollars.) Also, when will they issue an earnings report for the period ended 12/31/99? If this company has a bright future, why haven't the normally astute institutional buyers perceived it? With only 8% institutional ownership, it seems only retail investors have bought Ballard's story. Imo the fuel cell sector makes btc Internutz stocks look like fundamentally sound investments. Why do you feel Ballard Power is worth a Project Hunt effort, Yan Li, and are you volunteering to do it? uf

To: Yan Li who wrote (18385)	2/22/2000 2:43:00 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 54805

I'm mystified by this technology. We have to provide the hydrogen gas of course. We get it by burning coal and using the electricity generated to hydrolyze water. Then we have to store the H2 under high pressure. Could all this possibly be cheaper than burning hydrocarbons???? IMHO when the world runs out of oil we'll be burning fuel made from hydrogenation of coal. That technology dates from World War I. Offhand, fuel cells burning hydrogen look to me like a non-tornado.

To: Yan Li who wrote (18385)	2/22/2000 3:18:00 PM
From: FLSTF97	Read Replies (1) \| Respond to of 54805

Fuel Cells, I stand by my earlier post on this subject: Message 12651139 I just last week read another report confiding that the cost/kw is still at least 3 orders of magnitude too high for use in vehicles. Note that the at least part is extremely understated. This specific report took a comprehensive look at recent lab results and "projected" the production costs with relatively optimistic yield parameters. I think that today, on earth, for 99.999% of all potential applications (Norm's nail gun being the only apparent exception) they don't make economic sense. I do how ever have a question about your post. What does this mean? Revenues reflect the absence of a $27.1 million gain on the issuance of shares. Did they mean the sale of shares? FATBOY