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

To: Joe Master who wrote (3036)	1/22/1999 2:57:00 PM
From: E Haiken	Read Replies (1) \| Respond to of 8393

I would be very concerned if a company spent hundreds of millions, showed no profit & had nothing to show for it. This is not at all the case with ECD. Accounting rules dictate that the research & development costs, relating to patents are immediately expensed, despite it's value. As a result ECD has an incredibly valuable basket of patents, that have been expensed, thereby creating these losses. If an investor does not understand that ECD owns the enabling technology in 4 extremely critical areas, that makes ECD worth many times the current market cap, he should not be an investor. If an investor does not understand the potential for growth in optical storage, optical memory, photovoltaics & NiMH & is only concerned with management's inability to show profits, ECD is not for him.