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To: Rutgers who wrote (121)	11/10/2005 11:37:32 AM
From: Rutgers	Read Replies (1) \| Respond to of 285

DESC update - Merriman Curhan Ford Starts DESC At Buy online.wsj.com Merriman Curhan Ford initiatiated with a BUY rating this morning. Merriman Curhan initiates DESC as the firm anticipates significant gross margin expansion as the co raises prices and reduces costs on its market-leading hydrogen generation platform. Unlike many alternative energy cos today (particularly hydrogen and fuel cell related endeavors), DESC has established a clear road to profitability and positive cash flow by 2H07 as a result of impressive and achievable revenue growth and margin expansion targets. Firm believes the co is sufficiently capitalized to fuel its aggressive growth plans and get to sustained positive cash flow from operations. Firm thinks the stock could trade up to the $12 range. finance.messages.yahoo.com