The defence company’s announcement that it is working on a fusion reactor that could fit on the back of a truck was greeted with surprise. It says it could change the future of the planet, but some are sceptical. Dan Clery reports.
Lockheed Martin, the US defence company behind stealth aircraft, is known for working on futuristic projects. Even so, its announcement earlier this month surprised many people. The company revealed it is working on a fusion reactor that it says could power a small city but will be compact enough to fit on the back of a truck. At a press conference last week, Lockheed team leader Tom McGuire talked about fusion-powered ships and even aircraft. “We have an idea that makes us very excited,” he said. Fusion researchers have reacted with some scepticism, especially to the claim that the reactor could be ready for commercial use in 10 years.
Fusion is a nuclear reaction in which small nuclei are melded together to make larger ones – the opposite of what happens in the fission reaction of today’s nuclear power plants. Both types of reaction release large amounts of energy, but fusion doesn’t produce harmful and long-lived radioactive waste. And its fuel – two types of heavy hydrogen – is plentiful and cheap.
The difficulty with fusion is that atomic nuclei, being positively charged, repel each other, so getting them close enough to fuse is challenging. It requires heating the hydrogen to a plasma – a gas of nuclei and electrons – and beyond, to more than 100 million degrees Celsius. At this temperature nuclei collide with enough force to overcome their electrical repulsion. Mainstream attempts to create these conditions have led to the building of huge and expensive machines, such as the #$%$20 billion ITER reactor being built in France, and the $4 billion National Ignition Facility (NIF) now being tested in the US without great success.
The world’s largest miner by market capitalization said in August that it would spin off some of its aluminum, manganese, coal, nickel and silver assets into a new company — as yet known only as NewCo — so that it could focus on its more-profitable, large-scale businesses, such as iron-ore mining. Analysts estimate NewCo could be worth around $17 billion.
When are we going to know what is going into each of these companies? The oil and the gas are not even listed in this break up.
Will we get stock in the spin off company or will we get a special dividend?
Earnings announcement* for ALU: Oct 30, 2014
Alcatel Lucent is expected* to report earnings on 10/30/2014 before market open. The report will be for the fiscal Quarter ending Sep 2014. According to Zacks Investment Research, based on 4 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.01. The reported EPS for the same quarter last year was $-0.11.
They are just saying there is no need to buy now. Wait and in 12 months you can get it at $2.53.
Most important was what they also said.
Twelve-month price target is lowered to $2.53 from $3.
With companies like HPQ breaking up to create shareholder value, maybe now is a good time for a breakup of Alcatel-Lucent. Maybe an activist could come in and get Alcatel and Lucent broken up into two companies. The two companies stock would be selling for about $1.25 each.
How can you have a drop of $483B in a budget deficit, when the goverment has not had a budget in 6 years.
Intelligence officials tell NBC News that Canadian authorities have heard would-be terrorists discussing potential ISIS-inspired "knife and gun" attacks against U.S. and Canadian targets inside Canada.
The U.S. dollar's bull run has been a headwind for Asian currencies in recent months, but one outlier is swimming against the tide: the Chinese yuan.