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Technology Stocks : Distributed Energy Systems Corp. (DESC) -- Ignore unavailable to you. Want to Upgrade?

To: Rutgers who wrote (29)	6/13/2005 9:28:57 AM
From: Mahatmabenfoo	Respond to of 122

> The five largest members and their weightings in the index: > Distributed Energy (DESC 4.53% of the index), Evergreen Solar > (ESLR 4.35%), Plug Power (PLUG 3.74%) Medis Tech (MDTL 3.52%) > , FuelCell Energy (FCEL 3.37%). That MDTL is part of the index says very little for the index, although it may reflect the involvement of David Redstone (cheerleader for MDTL and handpuppet for MDTL's CEO) with WilderHill. MDTL is a transparent scam -- a laughable scam, a revealed by 45 minutes of Googling. I learned that nearly 3 years ago, as my posts on SI's MDTL board illustrate, and my views were more than validified by a devastating article about MDTL in an August 2004 issue of Barrons which mentioned some of my points and many much worse. The very short version of the story is for over 14 years the company has claimed to have many products either actually for sale, or due to be sold next year, and all are revolutionary, and all a bizarre mix (fuel cells, a device for detecting cancer, a device for removing drinkable water for the air, a cyrosurgery tool, a radical new toroidal motor for automobiles, a supergreen battery, and many more) all from a handful of "formerly Soviet scientists" living in Israel managed parttime by 77 real old CEO former real estate lawyer living in New York and the President his 82 year old crony also living in New York. And what has the company accomplished in its over 14 years? NADA. No revenue. Zippo. No products and nothing to sell. Worse, for years they CLAIMED they were selling the cancer detecting device, but when the company's SEC lawyers get the ol' weasels under control they clarify it has merely many "potential" uses, and they no longer claim to sell it. How could WilderHill include such a company in its portfolio? It practically it them complicit in a criminal enterprise. At the very least it is a terrible embarrassment. What does that say about other companies on the WilderHill list, or about WilderHill's duediligence? DESC is an intriguing company which is maybe in more areas than it can fully exploit, and sometimes I think it gets less attention than it should because people get mixed up between the names "Distributed Energy" and "northern power" which are all really boring. The company needs a stronger identity, and a single identity. They sure could use some marketing help -- and demphasize their corporate structure (we don't care about the subsidiary names) and pick for the name of the ultimate parent something less description and sexier than "destributed energy" fer crissake. Companies, especially ones lead by engineers, often never learn that a coined non-descriptive, even something odd like GREENMEANSGO, is a lot more memorable than electric yawn. - Charles