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

To: HarveyO who wrote (3468)	12/21/1998 11:25:00 AM
From: Sleeperz	Read Replies (2) \| Respond to of 5827

But Ballard is not a growth stock like Cisco, ML, MSFT or Yahoo which all make money and are growing and you can assign a PE on them. Ballard is more of a speculative tech Start-Up still doing R+D with no commercial products expected for several more years. CL My Investment Advisor reminded me recently that if you want to be a successful investor, you invest in companies that are leaders in growth industries. A few examples are Cisco, Merrill Lynch, Microsoft and Yahoo. Most analysts find it difficult to place a valuation on Ballard because it is a new developing industry. But, almost without exception, they are very positive on the quality and track record of Ballard's management.

To: HarveyO who wrote (3468)	12/22/1998 12:07:00 PM
From: HarveyO	Read Replies (1) \| Respond to of 5827

Van Sun says Chicago Transit, Ballard both happy Ballard Power Systems Inc Dec 21 close $44.00 Tue 22 Dec 98 In the News The Vancouver Sun reports in its Tuesday edition that Ballard Power Systems shares lost 8 per cent of their value on Monday after investors were spooked by reports that two of three fuel cell powered test buses had been pulled off the road by the Chicago Transit Authority. Reporter William Boei notes, however, that Ballard says its test program is on track, and it was simply making design improvements to the buses' engines. The transit authority agrees. Noelle Gaffney of the CTA says that her agency thinks it is going well. She says there have been some equipment issues, but that it what was expected as part of a test program. CTA maintenance staff found that in order to service the bus engine's fuel stacks, they had to pull the entire engine out of its compartment, according to Ms. Gaffney and Debby Roman of Ballard. They say the design upgrade will make that unnecessary. Ms. Roman says the test program was intended to provide feedback on design and maintenance issues, and the upgrades are an indication that is it working.