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

To: gammaray who wrote (357)	6/14/2002 8:15:29 PM
From: Mahatmabenfoo	Respond to of 394

GTSM IS A BLATANT SCAM see if you can explain this. GTSM says it HAS a facility -- in FULL production, with sufficient capacity for "well into the next century". Only it said that in 1996. But really it had absolutely nothing. GTSM's statements were a 100% flat lie. Right? - Charles ==================== excerpt === September 24, 1996, Tuesday HEADLINE: Galtech's New Utah Facility Now in Full Production DATELINE: MESA, Ariz. Sept. 24, 1996--Galtech Semiconductor Materials Corp. (OTC BB: GTSM), an innovative research, development, and manufacturing company today announced that its new Salt Lake City facility is in full production with its Cadmium Telluride (Cd Te) semiconductor material. Galtech has produced substrates of this compound that are twice the size and of higher quality than any other on the market. Galtech now is poised to become a chief supplier to the multi- billion-dollar semiconductor industry. Galtech CEO Russ Chapman, stated, "We are the first high- quality American manufacturer of Cd Te and aggressively seeking to capture the lion's share of the $30-35 million market." Regarding the future of the Cd Te market, Chapman stated, "We can see this market growing to $500 million in the next five to 10 years." =============== excerpt ==== June 18, 1996, Tuesday HEADLINE: GALTECH ANNOUNCES OPENING OF NEW FACILITY IN SALT LAKE CITY, UTAH Galtech Semiconductor Materials Corp. (OTC BULLETIN BOARD: GTSM) announced today the opening of its new facilities in Salt Lake City, Utah to produce Cadmium Telluride semi- conductor material. The most common Telluride crystal grower is the Horizontal Bridgeman CSI 301 at a cost of approximately $250,000 on the commercial market. Galtech CEO, Mr. Russ Chapman, states, "We are enthusiastic about our new facility because Cadmium Telluride is the semi- conductor of the future and, with the additional equipment, Galtech is poised to become a chief supplier to the multi- billion-dollar semiconductor industry. The company's new semiconductor facility should have enough production capacity to meet the demand for Cadmium Telluride well into the next century.