In 1987, Black Monday to be exact, I bought some AT&T stock for one reason; Bell Labs and their patent-a-day-for-years history. After 18 or so months I bailed [short-sighted kid]and did as well as if I had put the money in the bank at 5%. Now Bell Labs is the same 'ol quack with new feathers, Lucent. And look what Lucent has been as an investment. So the moral escapes me but I sure do see similarities here; lots of patents, lots of mind-boggling inventions and potential, but will it fly?
Bell Labs helped maintain AT&T at the top of the technology of communications, much as ECD will help its various Joint Ventures remain competitive or insure that they maintain positions at the top of their various technological/product offerings.
AT&T had a lot of well established competition in various areas allied to the researches of Bell Labs, including the Intels, the IBM's, the Hewlett-Packards and many other communications, chip, connector, line, compression, computer and related interative, IT and communications technologies.
As opposed to Bell Labs driving the AT&T edge, ECD is part and parcel of J/V's established with world leaders in the business of business on the basis of unique technologies they developed with applications very distinct, specific, practical, and central to civilized culture, including fundamental breakthroughs approaching the Platonic Ideal in personal and public transportation, energy creation, storage and delivery, IT & Media products and processes, and a sequence of what in effect can be seen as Environmental Comand and Control Systems.
The way it looks right now, ECD would have to be spun off 5 or 6 times over the next 20 to 50 years by various J/V partners and live on royalties alone and new product developments and innovations which fail in the face of overexpansion and big spending before we have to worry about becoming another Lucent.
I don't write Lucent off either, and at the current price, how big a loss can you take over time on a thousand shares ?
>> > IMO Stempel is strongly hedging his statements -- for whatever reason. Time will soon tell, anyway. <<<
Actually, for this particular article I found Bob Stempel to be unusually Candid and Informative in the sense that he cut through the usual technospeak and generalizations and put a specific number ($100 Million) on the potential returns for this One machine, as well as stated in plain terms that the output at peak production would be spoken for by the market.
That's language the average investor in a small or microcap (hot areas) can easily understand. Very little additional DD would be very convincing for most people, when they add up all the other J/V's, Partners and Technological Spread now in the fast commercialization lane.
I also noted the casual mention of Honda and Toyota Hybrids littering the parking lot, despite the suit against Matsu
That would indicate little concern by ECD about whose batteries were under the hoods.
I smell settlement news.
It all added up to a very confident posture in an article directed at the heart of automotive technology. If Henry Ford XXX? lives in the neighborhood, we know there's plenty of local money to invest in the future of Michigan.
"Yet he shrugs at questions about profits or the stock price of his closely held company.
He's more interested in saving the world."
I wonder if Stan was so outspoken about his apathy to profits and share value when he was trying to raise money from the investing public through stock offerings?
Improved efficiency for the product as Stan rolls out more patents along with the PV.
Any figure or guess for 10% stabilized as shouted/indicated by Stan at the CC ?
I can't believe all my options have a bid at the same time, even the Aprils which expire next Friday.
I skipped May and went into a September hedge when I bought my most recent 1K Aprils. The Junes look better than I've yet had the pleasure of experiencing and when all is said and done I may actually be back as a long at last at the end of the run.
That said, I expecty the usual correction next week which will wipe out the bid on the Aprils. No hope. No disappointment. On the other hand I'll be left with plenty of winning tickets in June and September, and we may hear of a Settlement, or a very strong statement about energy dependence as Congress gets down to the Energy Bill.
A good friend is at last a small shareholder. After a year and a half of driving him crazy with ECD/ENER he finally called to ask, "Did you ever think I doubted you ?"
Yet he shrugs at questions about profits or the stock price of his closely held company.
He's more interested in saving the world.
"We are using science and technology to solve serious societal problems," he says. "We have committed ourselves and dedicated ourselves to that . . .
"All the other things are ephemeral, not important to me. We're not after huge monies or power. If we don't get recognition, that's OK, too. We're not after the plaudits or the prizes. We're after doing what we said we were going to do: make a difference and build a better world."
Gosh! Comments like these sure make me feel more comfortable about my investment.