Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Emec who wrote (9339)	10/28/1998 2:40:00 PM
From: Joe Copia	Read Replies (2) \| Respond to of 25711

WOW ! I did not realize : The Letter of Intent between Mitsubishi Corporation and SGI was executed on August 6, 1998, and states that Mitsubishi will provide engineering to further improve the LFC Technology, to reduce the cost of commercial plants and to improve CDL upgrading. Mitsubishi will also market the Technology and products outside the United States through its 170 worldwide offices. These activities will dramatically reduce the costs that SGI has incurred for the past several years for these same activities. Further, Mitsubishi, applying its resources, has agreed to do much more than either SGI or Zeigler were capable of doing in these areas. In my opinion, this work by Mitsubishi will cost many millions of dollars and will directly benefit SGI. Mitsubishi will also pay SGI $500,000 each year for services provided to the new joint venture, which is basically a subsidy to SGI for U.S. LFC product and project marketing, and an additional $4,000,000 on the occurrence of certain milestones. While these milestones cannot occur immediately, they could occur in the near future. Finally, Mitsubishi will pick up all of the travel costs of SGI personnel whenever we travel overseas on LFC business. Joe PTG&LI !!!