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Microcap & Penny Stocks : PixTech (PIXT) Field Emission Displays -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (101)4/5/1998 3:03:00 PM
From: greg nus  Read Replies (2) | Respond to of 213
 
Jim, I'm glad you asked that question. PIXT's value is in the commercial application for it's patents. The patents sit on the books at zero, cost having been written off. R&D spending of $60 million has been writen off. What would you say the value of the PIXT's 350 patent protfoilio is. I know for sure Lehman does'nt know if they did they would have put some estimate on it. Lehman can't and neighter can anyone else. PIXT is an undervalued asset play with commercial potential even Lehman admitted this.
Here is an example Lehman told eveyone at PIXT IPO at $10.00 and 16 patents it was worth $10.00. Now that patent portfolio has grown from 16 to 350 patents, PIXT is about to begin recognition of income from volume production sales, since the IPO trading at 7 a 30% discount to the PIXT IPO Lehman is .....Neutral on the stock. Lehman is know for it's flaming moves this in just one expamle. They must have shorted PIXT on the recent moveup and want to cover. Sale of the entire portfilo @ $250,000,000.00 would be worth $18.00 a share to PIXT. The Japanese spend an average of $250,000,000.00 for one AMLCD plant. PIXT technology requires fewer manufacturing processes, eleminates the need for an individual transistor for each electron generator required by AMLCD, PIXT technology runs at lower voltage which means i'ts safer to operate and will run longer running on battery applications such as notebook computers. Delivers superoir picture display than AMLCD. The Japanesse will come knocking on PIXT door. Sumitoma already has. Just wait till the UMC foundry delivers the first productin units to Sumotoma for distrubution in Japan and the AMLCD companies in Japan see how that have again lost face by investing in inferior technology to make inferoir products. How will they solve the problem. $250,000,000 is a drop in the bucket for the Japanese. They all love and admire superior technology and superior visual display, especialy digital. PIXT has it and they will want it.