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Technology Stocks : Orbital Engine (OE) -- Ignore unavailable to you. Want to Upgrade?

To: q39 who wrote (4651)	2/26/2001 5:00:12 PM
From: John M Connolly	Read Replies (1) \| Respond to of 4908

Maverick: Do you want my opinion?..........I will take that as a yes! ;-). Looking at the overall company, the technology and the patents are great. We all agree that the technology works. That being said, management is a huge handicap. I thought that the administration of the company would have improved after all the blunders in the recent years, by management learning on the job and from their mistakes. The potential for the company has improved with Delphi, Saab and Aprilia - unfortunately you cannot put potential in the bank. The climate for the adoption of the technology has never been better so we cannot quantify wheather these deals are as a result of company sales efforts - but they get the benefit of the doubt. I am holding my position as I believe that the Board has to take some action in the light of recent events and I still believe that the technology will be adopted. Schlunke needs to head up the engineering dept, and as Q39 suggests a new CEO hired with his compensation tied to profits. The shortcoming of management have been apparent for some time - unlike you , I am not prepared to give them the benefit of the doubt. John

To: q39 who wrote (4651)	2/27/2001 9:21:25 AM
From: Maverick	Read Replies (1) \| Respond to of 4908

You hit the nail on the head for me. The PE is what I'm worried about. Investor confidence is likely to impact this for years to come. If we are saddled with a PE that is too low for OE's growth rate, this investment's reward won't match the risk. They must be balanced. The CIBC report (thank you Pannawonica) is encouraging, largely because it addresses all of the issues. I don't think there's much doubt the negotiations pending are significant because of the payment they expect to receive at it's conclusion. While the payment is important to resolving their cash situation, I hope the deal is also with a partner whose credibility is so high that OE's credibility gets a badly needed boost. For me, that credibility means volume potential, preferably a direct 4S auto manufacturer, my first choice being GM. But a whole host of possibilities are possible. The deal could be as weak as a production agreement on SCC or a further formalization with Delphi, or as strong as a deal with GM or Mercedes, with an arrangement with a smaller builder in the middle. Rfritz10 does a good job of addressing the clues. Today will be a good day to get confirmation on the bottom after Au closed up last night, as US markets are expected to be down at the open. I'm not in love with the stock. I'm in love with the technology. There's a difference. Instead of being perceived as blind ignorance, it should be accepted as enthusiasm.