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

To: Ray who wrote (6930)	10/10/2002 10:47:29 PM
From: alfranco	Respond to of 8393

Ray, you tryin’ to chase my blues away… Hey the blues feels right many a day. But back to our tech powerhouse, ECD. >Yes, but I think BluRay has -- by way of the violet diode developments, including an anticipated/accomplished(?) IP issue settlement between the two main V-diode developers (didn't Stan say something about this?) and perhaps other developments -- jumped ahead in time frame; and this would naturally compel some change in ECD/GE thinking about their plans.< Nichia announced violet diode sampling back in January 1999 for February 1999, so plenty of advance notice to all the wise men at GE Ovonic over 1 year before forming their now 2 1/2yr old venture. eetimes.com So, should we steady ourselves now for future CC ‘disk on hold’ statement in another 2-3 years when UV diode supplants violet/blue? After all, Nichia just announced UV diode sampling last week. optics.org This JV, so far, is a bystander IMO. Isn't it time to build a working machine that can pay its’ own freight or aggressively move on another path to commercialization? Ray you write in response to my “…perplexed that $40M is needed for operating capital for the next year when no such thing was said earlier by Bekaert or ECD or did I miss something in the last 500 pages of filings?<g> “Amen -- except that the $40 million need was mentioned quite a bit earlier; when they had in mind a sale/lease-back of the reputed 30 MW machine. It strikes me as a bit high, though. Perhaps they plan massive sales efforts. <g>” 10Q truth(Q ending 12/31/01) is that Bekaert and ECD say they sold the machine to LaSalle National Bank in December 2001 in a $40M sale/leaseback transaction which I presume was to restore cash reserves for such things as operating capital, marketing & sales. In addition to that $40M, ECD now buries inside this 10K report an announcement of another $40M needed for operating capital through September 2003. A paranoid investor might fear the possibility that ECD is exercising a coordinated strategy to reduce the option price via these ‘out of the blue, but it’s all on page 32’ surprises. Ray, we’re just small fry in ECD's investor galaxy. We have to watch our Gods constantly, as they surely war amongst themselves, just to dodge their lightning bolts. Enjoy your outdoor hike, happy stargazing for sure, and may you find shelter under a rock not a tree if the big sky starts flashing. Regards, Al