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

To: Sleeperz who wrote (3296)	11/27/1998 5:32:00 AM
From: Sid Turtlman	Read Replies (3) \| Respond to of 5827

Despite the recent strong action of the stock, some new information about Ballard is coming to the surface with some very bearish implications. Two different posters on the Yahoo Ballard thread, both claiming very good sources in Chicago, say that the bus test there was deemed a "serious failure". First there was this post, from Unholymodal: messages.yahoo.com@m2.yahoo.com A second poster, Milnoid, while taking a more sanguine view of the matter, also has contacts in Chicago who called the test a failure: messages.yahoo.com@m2.yahoo.com Unholy came back with more information: messages.yahoo.com@m2.yahoo.com Unlike SI, in Yahoo one can post under several names, so you never know whether a bunch of posters might really just be one person. In this case they really look like two separate people. Milnoid has been a regular on that thread for a long time, and is quite knowledgeable. I believe the evidence is very strong that test was a failure, despite the bland and evasive way Ballard discussed the matter in the September quarterly report. As long as we are talking marketing, corporate alliances, and deal making, Ballard can't be beat. This has been great for the stock, but unfortunately, electrons and atoms don't know or care. What counts in the long run is having products that work in reality, and Ballard's first attempt to do so, hydrogen fueled buses in normal use on Chicago's streets, was a flop. Until now Ballard has been able to get away with promises and highly controlled artificial demonstrations - you know, the photo-op "politicians drinking water out of a tailpipe" ones. Unlike other fuel cell companies, Ballard hasn't been willing to reveal much about its products' actual performance in papers given at in public forums, like the recent fuel cell conference in Palm Springs CA. No sense confusing people with the facts, I guess. Doesn't a US $3 billion market cap seem a bit high for a one product development stage company whose product fails the reality test?