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 : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (1056)	4/20/1999 9:16:00 AM
From: Jim P	Respond to of 6016

Globe says Ballard pact steals some of Global's lustre Global Thermoelectric Inc GLE Shares issued 16,113,384 Apr 19 close $8.95 Tue 20 Apr 99 In the News The Globe and Mail reports in its Tuesday, April 20, edition that Global Thermoelectric retreated $1.75 to $8.95 yesterday on the Toronto Stock Exchange. The Globe's Market Movers column reports that the Calgary-based maker of power fuel cells once again got some attention, but not the kind it particularly likes. Investors sold Global yesterday, only one business day after the shares hit a record high. The company announced on Friday a new deal to develop and sell fuel cells to auto-parts giant Delphi Automotive Systems. But as luck would have it, competitor Ballard Power Systems of Vancouver is also rolling out pacts. And General Motors and Toyota Motor plan to work together on low-to-no emission vehicles. The end result took some of the lustre off Global, says The Globe. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: Buckey who wrote (1056)	4/20/1999 9:17:00 AM
From: Voodoo Trader	Read Replies (2) \| Respond to of 6016

Today in the Globe and Mail, There was an interesting article titled, GM - Toyota join race to replace interal combustion engine. The article goes on too say that Ford and Chrysler have teamed up with Ballard systems to develop fuel cells for their vehicles and that there is an unveiling in California of 10 new fuel cell operated vehicles. What is very obvious is that there is no mention on who will develop the fuel cells for GM and Toyota (The number 2 and number 3 largest automakers). Could this be a pending news release, it seems fairly obvious that the partner will be GLE. Any comments VT