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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (3244)	11/3/1998 10:04:00 AM
From: HarveyO	Read Replies (1) \| Respond to of 5827

The executive who resigned was Mossadiq Umedaly - Chief Financial Officer. Globe says firm reignites investor interest Ballard Power Systems Inc BLD Shares issued 23,083,665 Nov 2 close $48.50 Tue 3 Nov 98 In the News The Globe and Mail reports in its Tuesday, Nov. 3, 1998 edition that a series of recent developments has reignited investor interest in Ballard Power Systems. The Globe's Peter Kennedy writes that Ballard's stock is clearly back in vogue with investors, rising $5.60 to $48.50 yesterday on the TSE. That's up from $25.25 at the end of August. One analyst said he was baffled by the stock's sudden advance. While there weren't any specific developments yesterday, other company watchers pegged the stock's move to a series of developments that have combined to put Ballard back in the spotlight. Last week, for example, Ballard announced the signing of a multiyear supply agreement with British precious metals dealer Johnson Matthey. Ballard also made news last week after company officials and local politicians gathered in Vancouver to formally launch the two year test phase of Ballard's fuel cells in three British Columbia Transit buses. A Ballard executive's appearance on a weekend television show and a favourable article in the Economist also helped drive the stock up, says the Globe.