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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM) -- Ignore unavailable to you. Want to Upgrade?

To: gammaray who wrote (283)	2/23/2002 12:27:56 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 394

---Your central theme is that Galtech does not own the patent. Actually, not. My central theme is that GTSM is a scam, and the motor (which is a sideshow) is just one more element of that. My theme on the motor is that fact that GTSM gave up 90% of its interest in the motor to an UNfunded company supports my earlier theory that GTSM realized it didn't own the motor anymore. I see the chief purpose of that transaction to create a new scam to replace the aging GTSM scam, and to paper over the imcompetence of GTSM in losing its patent ownership. Have you noticed that GTSM's TOTAL revenues from 1984 to the present total $600k? Assuming that a single boule can sell for as much as $500k, that means that GTSM's total activity in 20 years is trivial -- even before the mysterious fire in 1990 they must have had very very few sales. Maybe just one. And even those sales (GTSM's SEC statements tell us) were at a loss -- on gross margin! (it lost millions overall, too). Bottom line: this is a company that's made many big boasts, but actually done nothing for nearly 20 years. -"Mag Power's agreement covers U.S. patent No. 5,625,241, -which was issued April 29, 1997.... -Magpower recognizes the fact that Galtech owns the patent -or they would not have covered it in their agreement as -stated above. Plain and simple. You're kidding, right? Nothing in the section you quoted indicates that ANYONE owns the patent (and in fact the owner is ERC, a defunct & dissolved company). You also quote this, as though it meant something... -To date, to the best of -the company's knowledge, there have been no patents issued -that are similar. Therefore, the company believes that -competition would be limited to the present, standard -electric generator and motor technology." This statement is comical and misleading and I think it misled you. A patent, by itself, designates something that is unique -- as to which there is "nothing similar". The idea of a patent is to describe the "prior art" (what's been done in the past to address a particular problem) and the identify the specific ways the patented (in this case machine) is an improvement over the prior art. But unfortunately, that says nothing about the patent's prospects because patents nearly always have NOTHING to do with competition. Most patents fail if their validity is challenged, and nearly all have ZERO commercial value. They're obtained partly to impress investors, partly for status (for the inventors, and the company that they work for), and partly for defensive purposes (if a company gets sued for patent infringement, it can sue back). But patents rarely preclude competitors -- there's often better unpatented methods, or easy ways to avoid a patent. AND IN THIS CASE, THERE IS NO MARKET -- no market of any kind. Magpower has never had any motor or generator or anything that it could sell -- how can it have competitors? Competitors in what market? -- Whether or not Magpower can perfect the carousel -- technology is not my point. My point is and has been -- that the Magpower lawyer, who has examined the patent -- document, believes that Galtech owns the patent. There's nothing you've quoted that supports that. --I might also add that I am not offended that Magpower --chooses to dress up their site with a simple picture of --windmills that connotes the field of energy conservation --to which the Carousel generator also applies. It's called fraud: it implies that magpower has more going on than it does. Magp owns no windmills. It doesn't even plan to own windmills. It's product, if it ever makes one, won't have anything to do with windmills or electrical generation. - Charles