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


To: Dr Mike who wrote (4759)12/17/2001 8:47:56 AM
From: q39  Read Replies (1) | Respond to of 4908
 
Customarily, the royalties are in US $.
The article linked below was the source of my statement. The types of $ aren't specified. It states that Aprilia sold 70,000 OCP scooters in 2000 (i don't believe that) - and that half of Piaggio's 480,000 produced in 2002 will be OCP.

theage.com.au

Post 9132 on the yahoo club board has someone doing similar arithmetic to yours, calculating 5.4 million scooters for $12/ADR.
Assumptions are a bit different than yours however.

clubs.yahoo.com