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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: alfranco who wrote (6923)	10/3/2002 9:23:57 AM
From: Frank Haims	Read Replies (1) \| Respond to of 8393

Thanks Al for taking the time to transcribe the meeting. It reads a lot better than my initial take, it is heartening. Frank

To: alfranco who wrote (6923)	10/3/2002 1:56:16 PM
From: Mr. Sunshine	Respond to of 8393

alfranco, Your transcript is fantastic! I printed it out and will use it as a reference for future conference calls. Thanks again, Steve

To: alfranco who wrote (6923)	10/3/2002 11:54:57 PM
From: jacq	Read Replies (1) \| Respond to of 8393

Thanks for doing the transcript, Al. If ECD Baekart had 16 million sales with 4 megawatts. Then with 30 megawatts they should be able to generate $120 million of sales if they sell everything they produce. If the initial cost was $55 to $84 million. 60 employees times 50,000 or $3 million. depreciation averaging $12 million, utilities at what $4 million. Cost of capital at $6 annually. Selling and administrative costs of $5 million. Total $30 million. Or $1.00 per watt for production costs on a break even basis. To generate a reasonable profit we would probably need to wholesale the product for $1.50 minimum per watt. distribution and installation costs would probably jack the price up to $3.00 per watt to the householder. This is still less than half the cost to the consumer than last year's production. The plant should recover all costs in less than three years. We can either try to maintain a high gross profit i.e $120 million of sales or lower the price point to $1.50 per watt and dominate the market. Either way I think we have a very lovely business about to be born. Even at a retail price of $1.50 per watt the JV would make $15 million before taxes. Will the JV be able to sell its entire production? At $1.50 per watt it should be a cakewalk.

To: alfranco who wrote (6923)	10/9/2002 6:56:31 PM
From: quidditch	Read Replies (1) \| Respond to of 8393

Thanks Al. As to the cc, an utter disaster, as witnessed by the heavy and punishing selling since the call. This sums up the response: <David Holme: I continue to be very impressed with your technical progress but what’s in it for the stockholders? You have to have a lot of patience and all this. Should the board consider say a 2 to 5% stock dividend for a period of time to reward those of us who are continuing to invest in yours or should investors wait until these hit the bottom line before we invest in the company? Stempel: Well I’ll take that as a suggestion and we’ll consider that but as you know ECD has not paid a dividend. We are now moving from a lot of years of work developing the technology to the commercialization phase and obviously Stan and I and the team feel that that’s really what’s going to be helping the stock.> Stan has been saying that for 15 years, walking in place. We deserve what we get. Did someone on the board say earlier this year that we've left the teens behind, for good. And I don't think he meant left the teens above the current price.

To: alfranco who wrote (6923)	11/11/2002 5:22:52 AM
From: alfranco	Read Replies (1) \| Respond to of 8393

Nakamura, inventor of blue/violet LED Stan Ovshinsky stated in ECD's last CC on September 30th: "The big market that’s developing is rewriteable DVD and we are just waiting for a patent settlement between the two companies, one in Japan who originated it . That has taken place just a week or two ago." When I heard Stan I remembered Nichia suing Cree over blue LEDs a few years ago but I think Cree wound up winning in Japanese court. I'm not sure I've pegged Stan's reference but this may be(?) what he was talking about: the suit between Nichia and its' former employee, Shuji Nakamura who invented blue/violet LEDs while working at Nichia and left the firm just as Nichia began to commercialize it. After leaving Nichia, Nakamura joined the faculty at UC Santa Barbara and, in fact, became a consultant to Cree. This may or may not be the 'patent settlement' that Stan referred too but here are 2 reports on Nakamura and his lawsuit against Nichia and just one week before Stan said 'just a week or two ago'... Nakamura lost in Japanese court. background from the Interview with Nakamura in May 2002 optics.org Japanese court rules against Nakamura September 23, 2002 optics.org Al