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

To: WALT REISCH who wrote (2579)11/5/1998 4:50:00 PM
From: Joe Master  Read Replies (1) | Respond to of 8393
 
Although from the looks of it from the announcement it is probably a very good deal for ECD I really think any real impact from it will be in a much longer time frame.



To: WALT REISCH who wrote (2579)11/6/1998 10:15:00 AM
From: E Haiken  Read Replies (2) | Respond to of 8393
 
I don't think that Joe set you straight at all. The sale
of stock in Ovonic Battery is income to ECD. License fees
are also income to ECD. There was no mention in the press
release indicating that these were prepaid royalties, which
would be recorded as income as royalties are earned.
Therefore, I would expect an additional $8,000,000 of
income during the quarter in which the Sanyo deal closes.


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