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Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: David Pickering who wrote (4054)	5/4/1998 5:16:00 PM
From: Nicholas P. Acquaviva Jr.	Respond to of 6467

Just got off the phone with IR and Lyle said that shares sold were a transfer from personal account to retirement account and showed up as a sell and buy.

To: David Pickering who wrote (4054)	5/4/1998 6:22:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 6467

David, an excellent summary, thank you. I have a small question, in your report Rene said: "So the answer to your question is all existing license agreements...what we're basically sending them is a letter that's saying that they have the thermophilic process...we have the Thermo Master Plants...and the license agreements have no effect. The end result is...the existing licensee agreements have very little value. The first computer that came out still exists...it probably works to some effect...but now, all those old computers are obsolete...right? Or of very little value...and that's basically what's happened with us." That is an interesting approach, but with some dangers. First, if Rene is right and existing licenses are worthless, than TTRIF will have to write off the $5 MM on their book (when they acquired that license). But more important, in the licensing business, the licensee does not like to buy into a technology that might be outdated at a later date. Typically, it is handled by a license to the technology and its future development (at least as these relate to the specific product licensed). Can you comment on this (both the expected write off and how to handle licensee's fear to buy into a technology that TTRIF may obsolete in the future). Thanks in advance. Zeev