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

To: gammaray who wrote (330)	6/12/2002 11:38:30 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 394

Hey, Gamma! Norm, your source and mentor (and alter-ego!) has the best explanation for GTSM's failure -- it has money-phobia! It is "scared" to earn money. (you like to quote Normie so I can too -- see below for you convenience). is "money-phobia" now your view, too? Or do you join me in predicting GTSM will have its first sale since the mysterious fire of 1990 stopped all operations? And it will be like the last sale -- phony, or at a gross margin loss, just for show, just to suck in some more dupes? - Charles =========== NORM ON RB 5.31.2002 = read and giggle ======== The problem is management. These guys live on the excuse that everybody is out to steal their technology. They eat it for breakfast lunch and supper. Meanwhile time keeps ticking away. I heard thru the grapevine that they grew descent boules as early as last Nov. Certainly the 10k certifies that $92,000 was spent on materials for r and d in the 4th qtr. But yet here we are 1/2 year later and nothing has been sold. The shareholders have been fed a line of bullsht a mile long. No, not for the reasons that the bash boys promulgate, just the opposite. The technology is in place but the reality is that this so called mgmt is scared to sell something. After a boule is cut and polished Galtech's next excuse will be that the buyer will want assurances that Galtech can deliver over the long haul. So the next hurdle for this mgmt will be that they are scared to sell anything until they grow and place in inventory xx numbers of boules in order to satisfy future contract commitmnets. These guys just don't know how to cut a deal. They are way too staunchly conservative to be running a small company with such great tech potential. Galtech desperately needs a guy at the helm that has a sales background. A guy who knows how to cut a deal where the customer buys and pays up front for this alledged sole source technology. But the current mgmt is afraid that they might be too pushy and scare off the customer should they take such an approach. This wuld be true fro ordinary product but not for a company that alledgedly has such great technology. If I made motor cycles that could fly then I would command the terms. Anything less makes no sense. One must focus on the long term business outlook but not at the total sacrifice of the short term. Norm