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Technology Stocks : Orbital Engine (OE) -- Ignore unavailable to you. Want to Upgrade?

To: Maverick who wrote (1555)	5/21/1998 1:46:00 PM
From: PIERRE HANDL	Read Replies (1) \| Respond to of 4908

I agree that the automakers who may be considering OE must have something in the pipeline now for the year 2000 model. Remember that what they are doing now at OE is not R&D to develop a DI system but rather to develop the necessary engine configuration and industrial engineering to prepare their manufacturing facilities. They could be holding off to the last minute to announce information for competitive reasons. The Japanese are only talking now with the big three to provide engines. The automakers need to redesign autos to accept these engines. I know and you do too that you just cannot buy an engine and pop it in a vehicle. If the big three say O.K. then the Japanese need to set up production programs and secure material contracts. I know and you do too that you just cannot buy an engine and pop it in a vehicle. So where the Japanese are now in their negotiations is probably behind OE's clients to produce new models. They are not, or at least one, is not considering but is in the advance stages of production planning. I believe this is true from the annual report(do not have it in front of me now). Who knows, Renault's DI could be an OE fueled engine but no one will admit to it now until all the bugs are out of it. Renault doesn't even flaunt the DI on their website. Don't you think that is strange. Try to find technical information on Renault's DI, I haven't been able to. With regards to Mitsubishi and Ficht, these are owners of the technology so an owner can yell as loud as he wishes. The owners of Ficht do not represent a public company. OE is not an owner, the technology belongs to the research syndicates. OE has exclusive marketing rights and supports the syndicates in the technology application so OE is in a very different position than Mitsubishi and Ficht. The Bombardier news may have been a one pager news story but it was more significant for OE. I would wager that OE asked if they could make some sought of announcement. If Bombardier owned the technology they would have more likely kept their mouth shut until they introduced the new products. There is no need to tell your competition how you are going to compete with them. You do not give S&P any credit for knowing when they are being snowed. They have the business to keep readers who subscribe to their services informed of their recommendations. If S&P loses the confidence of their market they would not have a product or service to sell.