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Energy Conversion Devices (ENER) Message Board

  • ar2743 ar2743 Jun 28, 2008 11:27 PM Flag

    There will be no GM-Cobasys deal

    I'm afraid that GM is in no position at all money-wise to go forward with such a deal and all the financial investment that it might entail. :-(0

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    • GM is going to buy Cobasys because it want to control the patents to NiMH batteries. But not to make hybrid cars or electric cars. It is to make sure no one else does or at the very lease slow the production of advance batteries. If you

    • Thank You GM for going BK.
      HEHEHEHEHEHEHEHEHEHEHEHEHE

    • GM has to pay the UNION first. Before they buy any faulty Technology from ENER.

    • Ray,

      << I want REALLY good management -- that is capable of exploiting all of ECD's game-changing techs. >>

      You have really good management now. Morelli and team recognize that ENER is still a relatively small company and does NOT have the financial resources or the management depth to pursue several opportunties right now. It spreads them too thin.

      Stempel and Stan NEVER understood this. They ran around trying succeed in half a dozen ventures and failed to achieve many of the objectives they established and communicated to shareholders in the quarterly conference calls.

      It's fine to set stretch goals... but when you habitually stretch too far and destroy your credibility - you get the kind of results we saw in Stempel's last year and half as CEO.

      I'd also like to see ECD capitalize on several of the other technologies... but first things first. UniSolar growth and sustainable profitability is the first thing. Resolving the Cobasys situation is the second thing. If getting those things right comes that the expense of other opportunties - that's a shame. But good management can NOT let low-hanging fruit rot on the tree - like Stempel did.

      Snoz

    • >>My questions remain too: Since GM seems to move so slowly and screw up so badly - is this really an attractive business? << (snoz)

      Well, it has not been so far -- I think we all agree on that.

      >>Will GM get itself turned around and embrace hybrids? <<

      I think they truly do embrace them now -- but it will take more than an "embrace" of hybrids to save GM; excellent accomplishment needed. And, I think GM will survive and have success with the Volt (and beyond) -- perhaps with some sort of bail out?

      >>The question Morelli supposedly posed when he first came on board is the right one, "What's so great about being a tier-1 supplier to the automotive industry?" <<

      If you are a Tier 1 supplier to Toyota, you can probably do OK. :-)

      Tier 1 suppliers have typically small profit %s -- but high volumes. But, I agree, Tier 1 supplier is not very exciting compared to ECD's other prospects.

      >>100% of revenue and profit growth from Uni-Solar is ECD's. That looks like a far better place to focus management attention and company resources. <<

      Yea and forsooth!! But, that does not mean it is wise to allow other highly promising techs to lie fallow. I want REALLY good management -- that is capable of exploiting all of ECD's game-changing techs.

      >>Cobasys' fault? GMs fault? Who cares?<<

      I do. I have that annoying idea (to some) that real understanding is important.

    • Gm bk before the 4th or after u had the bbq?

      or how about some nice fireworks?

      hehehehehehehe

    • Ray,

      << My question remains: since battery-packs must operate in the actual conditions of the specific auto design and its use (experiencing the actual temperatures, vibrations, torques, etc. inherent in that auto and expected use), why did GM not do enough testing to reveal the problem (which was evidently easy to fix, once revealed)? >>

      My questions remain too: Since GM seems to move so slowly and screw up so badly - is this really an attractive business? Will GM get itself turned around and embrace hybrids? Will Cobasys really benefit from its relationship with GM or will time run out on the limitations imposed on PEVE by the settlement just about the time hybrid production ramps up? Will margins be attractive? Will investment in production capacity delay profitability for another few years?

      The question Morelli supposedly posed when he first came on board is the right one, "What's so great about being a tier-1 supplier to the automotive industry?"

      100% of revenue and profit growth from Uni-Solar is ECD's. That looks like a far better place to focus management attention and company resources.

      Cobasys' fault? GMs fault? Who cares?

      Snoz

    • GM was Downgraded to BK WATCH.
      NO COBASSY FOR SURE..........
      HEHEHEHEHEHEHEHEHEHEHEHHEHEHE

    • another_corrupt_republicman another_corrupt_republicman Jul 1, 2008 5:51 AM Flag

      Will GM dip into the 9's and maybe the 8's today?

      This is an exciting time for an investor!

      When will the bow dip under the waves for the last time and pull the whole vessel under?

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