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To: Futurist who wrote (2290)	9/14/1998 5:38:00 PM
From: Don Devlin	Respond to of 8393

Matsushita develops new disk technology Tuesday September 8, 5:18 am Eastern TimeTOKYO, Sept 8 (Reuters) - Matsushita Electric Industrial Co Ltd announced on Tuesday that it has developed a technology which will enable video disks to store up to twice as much content and directly overwrite recordings. The company said the technology will use phase-change material which will maintain compatibility with the digital video disk (DVD) structure. It will introduce this technology at a conference in Hiroshima on September 15. It will be the first time a company has developed a rewritable dual-layer phase-change optical disk, Matsushita said. It said that applications will include the ability to contain six hours of seamless video recording on a 12 cm DVD disk.

To: Futurist who wrote (2290)	9/14/1998 10:23:00 PM
From: Michael Stavy	Read Replies (1) \| Respond to of 8393

Futurist I will really believe that ECD has turned the corner when the bottom line blossoms. I increase my belief when ECD has a positive gross margin from product and service sales. With a positive gross margin more research can be financed by ECD itself without selling new shares or having disadvantageous royalty agreements. If the revenue from royalties equals the current expenditures on research, ECD's research activity would be self-financed. If the bottom line turned positive, ECD could finance production plants from its current earnings and long term debt. If the bottom line turned positive the P/E ratio would have significance. Michael