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

To: Joe Master who wrote (3304)	3/8/1999 6:15:00 AM
From: WALT REISCH	Read Replies (1) \| Respond to of 8393

Joe, I read the post and this post is not directed at you – I hope you know me better than that. I first heard the word putzing, years ago in a movie called Turk 187. It was funny that he used it in his post. If I were that person, I would probably feel the same way. I know there are a number of people that have invested in this company, years ago, and have not seen any real return - that would bother me. What I have tried to do over the years is understand what it takes to bring multiple horses in at the same time. I have come to realize that that is not going to happen. At the same time, I have been increasing my position with the company on the lows. As much as most of us would like to see the electric car hit the market in unprecedented numbers, that ain't going to happen either - not immediately anyway. Here are some simple numbers that I have thought about. If there were 30 plants in the world producing 3 battery packs a day for EVs or HEVs, that would be roughly 30K vehicles a year. Some correct me here on this next statement. From my understanding, that's less than half of Hondas total sales or one particular division (roughly 70K/yr). How in the world are they (manufactures of EV & HEV batteries) going to supply the rest of the car industry? IMO, they aren't going to be able to do it. It's going to take time. Now comes the interesting part. The last news release that I posted regarding additional proxy materials, really explained it quite well, even though it was only an excerpt. The first place that we (the company) are going to make money is in DVD. I didn't like the idea that the royalty would be based on factory sale price, but maybe that was the only deal available at the time – keep in mind, we didn't have very many savvy business people (if I can say that). In any case we will see some money from this area first. The second area, that we are going to start seeing some money come in from, will be the memory chip and the companies processor. Remember we have another name now, 'Nanovonics'. No, I'm not easily impressed with names, but it is a catchy name and more than likely they will give us more details shortly (JV with someone?). I also got the distinct impression that we are going to manufacture the chips - maybe I read it wrong. If those chips can do what they say they can, WOW! OEMs will buy them faster than anyone can produce them and businesses will buy those computers faster than they can assemble them. The computer industry is about due for another leap and our chip is just the ticket – that information alone will draw all kinds of attention to ECD. As others have mentioned before, we don't just hire a Tyler Lowrey for no reason. He is definitely going to be heading up our Information technology. While I'm mentioning names, let me touch on some ideas with regards to Ken Baker. Why would we hire Mr. Baker, if we already have Bob? Is it because Bob will take over running the show when Stan can't anymore? Would we need someone to do what Bob does now? Or, are we looking at a whole new OEM in the car industry? No, I'm not implying that we are going to start making cars, but think about it a second. Who would be a likely candidate for us to team up with and start producing EVs or HEVs? And, who do we now have that would fit right in (speaks their lingo), with dealing with them? My belief is that once the company starts making money, and they will make money, they will probably start financing the building of more battery plants. This way if GM keeps dragging their feet (that's an assumption on my part), we'll just leave them behind - maybe Ken knew that GM was dragging their feet. He (Baker) must have brought over some information from GM that we (the company) weren't aware of, don't you think? I would like to elaborate more, but it is getting very late here and I have to go to Phoenix early tomorrow morning. I'd like to apologize for not responding to some of the other posts, but I have really gotten bogged down with some of the Y2K issues going on. You know if programmers and annalists had just taken a few more seconds in planning years ago, the government and businesses wouldn't be faced with this Y2K compliance problem. I'd like to think that that is what the company has been and is doing now, with regards to the future of this company - taking a few more seconds and avoiding future problems that could arise. Haste is the enemy of perfection and yes, if you snooze you loose. I'm not going to try and convince anyone how to vote, but I would really hate to see those people that have invested in ECD years ago, now take flight and miss out on what's to come (positive sense/cents). As I started with, I would be just as disgruntled as that person, had I invested back in the mid 80's. I also feel bad that they haven't reaped any reward for being first in acknowledging and investing years ago in ECDs technology. If the proposals pass, I would like to suggest something to that person that posted his/her comments. If you have waited this long, what's it going to hurt to wait, until this fall? Walt