a good review and update on ECD. It points out that ECD's balance sheet does not reflect the value of their most important assets. The more than 350 U.S.Patents: and more than 800 corresponding foreign patents and other joint ventures are not carried at any significant value on the ECD balance sheet. Add in their value and this stock would be well over $50 in my opinion. In regards to DVD. ECD originated phase change optical memory and has licensed this technology to Sony, Matsushita/Panansonic and Toshiba. ECD also has a nonexclusive license with Ricoh in Tokyo, the worlds major manufacturer of rewritable compact discs. 13 companies are now licensing this tech. How much is it worth? No one really knows the actual contractual arrangements with these companies but one can suspect as use of DVD rewritables become prevelent in the next few years the potential is unbelievable. We will start to see this royalty stream ramp up in 2000. Anyway check out the filing, theres much more on the Photovoltaics, NiMh batteries etc. After tax selling this one is going up.