Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: John Fairchild who wrote (7322)	4/16/1999 3:18:00 PM
From: keith massey	Read Replies (1) \| Respond to of 62348

Good news...Canadian Press article out on Quicken and it looks like they are going to put a positive spin on the stock for the weekend...Very good for us.. From Quicken quicken.ca Hot stock: Global Thermoelectric jumps on Delphi sale CALGARY (CP) - Shares in Global Thermoelectric Inc. (GLE) got a massive boost Friday after the Calgary-based fuel-cell developer announced a sale to Delphi Automotive Systems. The value of the "purchase order as an initial commitment" from the giant parts-making concern being spun off by General Motors was not disclosed at Delphi's request, said president and CEO Jim Perry. Global Thermoelectric shares, which had opened the day at $3.60, were jolted as high as $16.00 and were trading at $9.95 at midafternoon. "We have been searching for a strategic partner to facilitate rapid progress on our fuel cells development programs, and we are delighted that a company with the resources and reputation of Delphi has selected us as their partner" Perry said. Global Thermoelectric is working on a solid oxide fuel cell system, seen as an environmentally clean way of combining oxygen and hydrogen to produce electricity with water as a byproduct. "We were chosen to work with Delphi because of our advanced fuel cell technology, proprietary sealing systems and our recent breakthroughs in power capability," said Jim Lumsden, vice-president of research and development. "This project should allow us to achieve our milestones in fuel cell system development much faster than we could have done alone. In addition, we will benefit from Delphi's world-class expertise in controls and system integration." Global Thermoelectric, which originated as a maker of generating equipment for remote sites, said in a news release that it intends to negotiate an agreement with Delphi covering its entire solid oxide fuel cell project. In the meantime, the initial purchase allows Global to start work immediately. © The Canadian Press, 1999