To: BigCapGuy who wrote (2818 ) 1/28/1999 4:01:00 PM From: Mike C2 Read Replies (1) | Respond to of 3458
Shorts/longs/M.A.N./trading halt by Nasdaq BCG, I stated the following a few days back: "For my part, I don't understand why the company would announce an OEM deal on three classes of engines with a manufacturer (M.A.N., we thought) for the 1999 model year, and we are into January with no announcement yet." Confidentiality re. OEM equipment deals seems to be a fact of life in the automotive industry. I'd surmise it's the competitive advantage of incorporating new technology into engines for advertising purposes: we're quicker off the start, we're better at coldstarting, we're more fuel efficient, we're more pollution conscious... A head start of one year by an engine mfr. must have some meaning. It's beyond me. Anyone who has followed my posts over the last 1.5 years knows I am not a "raging bull". I questioned the sweetheart financings a year ago, the Italian insignificant press release, the leaving of John Singleton, the inappropriateness of leaving the word "former" out of Ben-Dak's affiliation description, etc. I am interested in information, not hype positive or negative. John G. made some efforts to look at share inflation, but I found it less than satisfactory. Other shorts sound like Asensio puppets. Others keep alluding to 6 year old events that had nothing to do with the company. Recently the assignment of patents for a paltry sum was reraised. The inventors of the process get their payoff from royalties once product starts going out the door. How can you hold it against them that the technology was obtained for little money. Really... If Asensio IS found to have directly interfered with the company's relationship with British Ferries, among other things, I hope he loses his ass(ets) in their entirety. This is an unfortunate soap opera, but IMO, is NOT a stock promotion scam. I hope that those who have called it such will have to pay for their transgressions/indiscretions. Re. the recent Nasdaq action, I was concerned about the possibility that there was more trouble than just the Easdaq trading halt. I now believe that there is not an independent, second inquiry. I believe in balance. Before the shorts took over with their hyperbole there was a lot of reasoned dialogue. I wish it was all issue no ego. You can't turn the clock back. I now may sound like someone who only sees the positive. Not so. MikeC