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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Futurist who wrote (2551)	10/31/1998 6:16:00 PM
From: E Haiken	Respond to of 8393

What you seem to be attempting is to arrive at a value of ECD shares based upon the value of the off balance sheet assets. Ovonic Battery was valued at 150,000,000 when Honda purchased 3% for 4,500,000. I assume it was valued in a similar manner in the Sanyo deal. If you add the value of 50% of United Solar, 40% of GM Ovonics, interest in Solvex, 1,000 patents, value of tax loss carry foward, & other valuable assets, to numerous to mention, the value would be in more hundreds of millions then I would want to estimate. Wall St measures value based on earnings, so I think we must be patient, but we sure are headed in the right direction & the Sanyo deal will speed up the process.