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Metals upstage oil By ROMA LUCIW
(Off with his head????)
"Copper prices have soared to records this week on market talk that China is being forced to buy large quantities of the metal to cover a position taken by a Chinese copper dealer in London. The scandal is centred around a Chinese government trader that is said to have sold-short roughly 200,000 tons of copper, betting its price is about to drop."
Friday, November 18, 2005 Posted at 3:45 PM EST
Globe and Mail Update
Metals continued to upstage oil in the commodity arena Friday with gold and copper prices building on their recent rallies.
Gold futures in New York touched their highest levels since December, 1987, amid fears of inflation, rising demand from jewellery makers, and speculation that central banks are buying the bullion to boost their reserves.
Gold futures for December delivery rose as high as $489.50 (U.S.) an ounce on the New York Mercantile Exchange, or Nymex, their highest in almost 18 years. They reversed course later in the day and closed down 70 cents at $486.30 an ounce. Gold prices have risen 11 per cent this year.
According to a Bloomberg, World Gold Council in London said investors and jewellers bought $12.5-billion worth of gold, or 838 metric tons, in the third quarter, up 7.6 per cent from a year earlier. It estimated that jewellery demand accounts for 73 per cent of gold consumption.
“If one is looking for a cover story for gold, the rapid acceleration in monetary growth is enough to send a shiver through the rate market and a titter amongst many a gold bug given the metals historical place as a repository for wealth and its preservation against inflation,” said Stewart Hall, a market strategist for HSBC Securities (Canada) Inc.
Although investors have historically bought the precious metal as a haven during times of economic uncertainty, gold's recent rise is taking place at a time of strength for both the dollar and euro.
“It is quite notable that bullion has been on a tear even as the U.S. dollar has strengthened,” economists at BMO Nesbitt Burns wrote in a note.
Copper prices have soared to records this week on market talk that China is being forced to buy large quantities of the metal to cover a position taken by a Chinese copper dealer in London. The scandal is centred around a Chinese government trader that is said to have sold-short roughly 200,000 tons of copper, betting its price is about to drop.
Copper futures for December delivery rose 3.2 cents to $1.978 a pound on the Comex division of the New York Mercantile Exchange Friday, after rising to a record $1.98 a pound.
Platinum futures climbed $3.70 to close at $986.10. The contract hit $1,000 on Thursday for the first time in more than 25 years.
Miss Universe Natalie Globova unveiled ‘Universe’s most precious armband’ yesterday.
Gold near highest price in 18 years
2005/11/19
SEOUL, Bloomberg
Gold traded near its highest price in almost 18 years in Asian trading as investors bought the precious metal amid speculation prices may extend their gains.
Gold may reach US$500 an ounce around Christmas and US$550 an ounce toward the end of the first quarter next year, Jonathan Barratt, director of foreign exchange and commodities at Tricom Futures Services Pty said Friday. Spot gold, heading for a fifth-straight annual gain, rose 1.4 Thursday after a report showed investors are seeking alternatives to U.S. and European currencies, stocks and bonds.
The rising gold price is "purely the funds flexing their muscles," Warwick Schneller, a commodity analyst at Commodity Warrants Australia Pty, said by phone today from Sydney. "The market sentiment is bullish and often, that's enough. The gold market is going to push toward US$500 for no other reason but for emotional buying."
Gold for immediate delivery fell US$1.11, or 0.2 percent, to US$484.89 at 4:34 p.m. Sydney time Friday after ending trading in New York Thursday at US$486, the highest close since December 1987.
Spot gold prices have gained 11 percent this year, beating the Standard & Poor's 500 Index's 2.6 percent gain.
Demand for gold coins, bars and bullion-backed shares rose 56 percent in the third quarter, the producer-funded World Gold Council said in a report Thursday. Investors and jewelers bought US$12.5 billion worth of gold, or 838 metric tons in the third quarter, up 7.6 percent from a year earlier, the London- based council said. Jewelry demand accounts for 73 percent of gold consumption.
Gold for December delivery fell as much as US$1.60 cents, or 0.3 percent, to US$485.30 on the Comex division of the New York Mercantile Exchange in after-hours electronic trading Thursday. It traded at US$485.50 at 4:35 p.m. Sydney time Friday. The metal closed at US$486.90 Thursday, the highest closing price since January 1988.
In India, the world's biggest gold consumer, prices for metal for December delivery fell 18 rupees, or 0.25 percent to 7,158 rupees per 10 grams, or 22,261.38 rupees (US$487) per ounce, at 10:54 a.m. on the Multi Commodity Exchange of India Ltd. Friday.
Mongo, thanks for the info...another red flag, IMO. Most here aren't interested, however, since it has nothing to do with making a short term flip. And those really waiting for a buck a share won't have a clue what it means. Those of us looking longer term at our investment choices appreciate that kind of information.
All Flippers take it easy this weekend....you must be worn out!!!
Where's the "Hold for the Gold" boys??? Did they move on to another pump and dump????
This could drop under a buck if the company doesn't release some positive news soon. It's good they aren't doing fluffy PR's, but the pps is gonna drop as shareholders worry that they won't get the job done to get off the pinks.
Does that make you a buyer today??? ))
Whatever.....keep up the good work!!!!!
TRCPA, what's wrong???? This will end up being a 30 year old start-up company at the snail's pace they are going. Must be nice to build one's business on the backs of shareholders and have them pay your salary, bonuses, and world trips too!!! You can try to make it smell good with your happy posts, but it stinks to high heaven!!! Here's a thought...invent a product, do a market study, make some sales, establish a small, profitable business, then go public to raise funds to expand your manufacturing and sales team. That's how 99.99% the SUCCESSFUL public companies started on the major exchanges. Your posts sound very silly for a 4 cent stock...
TRCPA, my grandson is 6 years old...could you start now as his presidential campaign manager and write some stuff like that???? He should be president by the time FASC is finished with the building blocks and diluted about 100 billion shares...
Will the KDS work on clam shells??? Maybe they can sell one in Maine...
Fats...thanks...I will admit I can smell a pile of BS about as far away as Texas. Can't find anything bad here yet other than I expected them to move more quickly and they are still a pink sheet stock with all that implies. In the meantime they haven't issued any fluffy PR's that they are going to paint their two drilling rigs!!! LOL!!!! Maybe rickguy can find something!!!!!!
DJ In-Line EIA Data Leave Nymex Gas Seeking Direction
By Spencer Jakab
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Natural gas futures prices received a small lift
following a report by the Energy Information Administration that showed a build
in line with expectations in Thursday's weekly storage report, but questions
about the upcoming winter remain unresolved.
The reported build of 53 billion cubic feet was one bcf more than the
consensus in a Dow Jones Newswires survey and two bcf less than the implied
expectation in an auction of options by ICAP Energy and Nymex. The build leaves
total storage at 3,282 bcf, some 5.8% above the five-year average, and only 40
bcf shy of last year's record for the date.
Though it strayed little from expectations, the build far exceeded the
five-year high for the weekand, according to Tim Evans, an analyst at IFR
Pegasus, represents the biggest year-over-year gain in injections since July
2003. This is all the more remarkable given the substantial loss of production
from the Gulf of Mexico during the week.
But the Federal Energy Regulatory Commission warned Thursday after the report
that high absolute levels of storage are insufficient protection against supply
problems this winter, noting that the continued loss of 4 bcf a day of supply
from the Gulf of Mexico, some 10% of U.S. production, isn't insignificant.
"The past three reports of continued injections have effectively put the
country in a position to manage cold weather for the rest of winter," Steve
Harvey with FERC's office of market oversight and investigations told the
commission. However, Harvey warned that "storage alone may not be able to make
up for continuing severe supply reductions in the Gulf."
Earlier in the day, chief executive officer of XTO Energy (XTO) Bob Simpson
said in a CNBC television interview that 5% of U.S. supply may be lost
permanently due to hurricane damage, and that prices have the potential to
spike to $20/MMBtu this winter.
The storage builds of 114 bcf over the past two weeks are likely to be
followedby a small draw of about seven bcf next week, according to Mike Schick,
president of consulting firm Energy Analytics. This makes an unusual net
addition to storage in November, the first month of the withdrawal season, a
distinct possibility.
"Without question, it's very unusual," said Schick.
This also happened in 2001, which was the most mild November in over a
century in the mainland U.S.
"We should end January with a total of 2.6 tcf," said Schick, who expects a
worst case scenario of 1.15 tcf at the end of the heating season on April 1.
This would be considered a "safe" level by traders. Schick contends that demand
destruction has offset Gulf losses, making a winter supply crunch such as the
one FERC is warning about too pessimistic. Higher prices in the early part of
the season are still likely though, he said.
-By Spencer Jakab, Dow Jones Newswires; 201-938-4377;
spencer.jakab@dowjones.com
(David Bird in New York and Maya Jackson-Randall in Washington contributed
to this report).
(END) Dow Jones Newswires
11-17-05 1156ET
Copyright (c) 2005 Dow Jones & Company, Inc.
DJ info: 28072
N/DJCS,N/DJOS,N/OSCM,N/OSEN,N/OSTR,N/CNW,N/DJS,N/DJSS,N/DJWI,N/DRV,N/EGY,N/ENY,
/LNG,N/MKT,N/NMKT,N/SNEW,N/WEI
FSN1912 CENOT COMMENTS ENERGY
2005-11-17 16:56:53 UTC
^^^^^^
Fats, sounds good!! Need some pointers???? Remember, bashers only bash good stocks!!!! LOL!!!
BIG NEWS!!! Oyster shell market cornered!!! First American Scientific Corp (FASC - OTCBB) signs agreement to license KDS technology and set up demo facility in Korea
Friday November 18, 8:30 am ET
VANCOUVER, Nov. 18 /PRNewswire-FirstCall/ - Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce the signing of a Memorandum of Understanding with JNK Heaters Co., Ltd. of Seoul, Korea, to license the marketing of the KDS System in Korea.
As the first step, JNK will establish a marketing team and set up a fully operational KDS processing facility in Korea for customer evaluations. One KDS 250 system has already been sold to Daeyun Enterprises for processing oyster shells to recover calcium. The second sale will be to JNK to fulfill the conditions of the License agreement. Daeyun has estimated a need for up to 50 KDS machines in S. Korea for the seashell application alone. JNK will provide technical support to the Daeyun project.
A market analysis prepared by JNK concluded that there is also a significant need for the KDS technology in Korea in the energy and waste management fields. The addition of the KDS system to their product lines will significantly enhance the business opportunities for both JNK and FASC in Korea. JNK has agreed to pay a substantial licensing fee and purchase one KDS machine in an amount that will be announced when the formal License agreement is signed. We are confident that this agreement will bring significant success for both parties.
Certified to ISO standards ISO 9001 & 14001, JNK's engineering division designs and fabricates state of the art process fired heaters and has become one of the major furnace suppliers in not only Korea, but also in the world- wide market. Their product lines include process fired heaters, waste heat recovery systems, air pollution control systems as well as they provide project management and engineering services to the industrial heating community.
According to Tae Kyu Kwon, B. Eng, FASC 's newly appointed Director of Marketing for Korea, "over the last 25 years I have witnessed JNK grow from a small division of a local Korean engineering firm into an ISO certified marketing and fabricating specialist, with clients around the globe. We are most fortunate to have the opportunity to work with a group with such experience and integrity." Mr. Kwon lives in Vancouver, Canada, and now specializes in international trade with Korea. He is a welcome addition to the FASC team, and will focus on opening doors for FASC to advance into other markets in Asia.
This is FASCs fourth sale of KDS equipment in Asia, with one system installed at a biomass power plant in Malaysia, a second being constructed for delivery to Japan, and now, two sales in Korea. FASC requires all Licensees to purchase and operate at least one KDS System as part of its marketing program. Please refer to our web site for further details.
Certain information and statements included in this release constitute
forward-looking statements within the meaning of the Federal Private
Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS
C. Kantonen, Chairman
FASC: (NASD Bulletin Board) Web Site: www.fasc.net
CONTACT: Market Smart Communications Inc., 1-877-261-4466
Cool!!! Last pump and dump before the filing and dilution revealed?????
Newmont to Invest $36.4M in Gold Field
MNG....$1.80
(BUT.....Miramar is seeking regulatory approval to begin extracting gold by late 2007.)
Thursday November 17, 6:01 pm ET
Newmont Mining Agrees to Invest $36.4 Million in Undeveloped Canadian Gold Field Through Company
DENVER (AP) -- Newmont Mining Corp., the world's largest gold mining company, has agreed to invest $36.4 million in an undeveloped Canadian gold field through a Vancouver-based company.
The investment, which equals $43.5 million Canadian, will buy a 9.9 percent stake in the stock of Miramar Mining Corp.
"We believe that this strategic relationship with Newmont is excellent added value for our shareholders," said Tony Walsh, Miramar's president and chief executive. "Not only do we now have the financial resources to move Miramar closer to our goal of becoming an intermediate gold producer, but we have access to the in-house expertise of the world's largest gold producer."
Miramar hopes to develop the Hope Bay gold belt with a project in Nunavut, the vast northern regions of Canada stretching from Alaska to Baffin Island.Miramar is seeking regulatory approval to begin extracting gold by late 2007.
"We consider Miramar's Hope Bay project to be a premier, advanced-exploration play," Newmont president Pierre Lassonde said in a written statement Wednesday. "What appeals to Newmont is Hope Bay's size potential and its location in Canada."
Projects in mooooooooootiiiiooooooooon....soooooooooon...
8-10 minutes between trades????? Man, it's getting harder and harder to dump!!!! Need some Exlax here!!!
Keep flippin', fats!!!! LOL!!!
They each have 46 million OS versus 325 million (+) for AMEP, are they also Business Development Companies??? What exactly is the comparison???
Thanks, Otis, and you are very welcome!!!
SpaceDev Awarded Hybrid Rocket Motor Contract
Thursday November 17, 8:30 am ET
POWAY, Calif.--(BUSINESS WIRE)--Nov. 17, 2005--SpaceDev (OTCBB: SPDV - News) announced the award of a $2.7 million contract by the Air Force to begin work on a large hybrid rocket motor. SpaceDev is to design, develop and test a small common booster capable of producing about 100,000 pounds of thrust, almost nine times that of the SpaceDev rocket motor technology used in Paul Allen's SpaceShipOne which won the $10 million Ansari X Prize last year. Test firings of the prototype rocket motor are to begin next year.
Under the contract, SpaceDev will be paid on a cost plus fixed fee basis related to the project. SpaceDev will own the technology that it develops, although the Air Force will retain certain licensing rights related to the technology. SpaceDev anticipates that the technology will validate ground test configuration of critical elements of the hybrid motor, such as the injectors, igniters, the motor grain and insulation. The overall goal is to demonstrate successful ignition and operation of a booster stage hybrid motor that can produce a reliable and reproducible thrust profile, with high performance.
"We believe that this contract will enable us to improve in a cost-effective way on the technology we developed for the SpaceShipOne project," said SpaceDev founding chairman and chief executive, Jim Benson. "We also believe that this technology will be another significant step toward developing our own reliable, low cost, safe cargo and crew vehicles, like our proposed SpaceDev Dream Chaser(TM) orbital human space transportation vehicle. We believe the technology can also be adapted for use alone as a sounding rocket or target in our proposed SpaceDev Streaker(TM) small launch vehicle family."
About SpaceDev
SpaceDev (OTCBB: SPDV - News) is a high tech space development company that creates and sells affordable and innovative space products and solutions to government and commercial enterprises. SpaceDev's innovations include the design, manufacture, marketing and operation of sophisticated micro- and nano-satellites. SpaceDev designs and builds safe hybrid rocket motor propulsion systems for sub-orbital and orbital transportation systems for cargo and for human space flight. Upon founding SpaceDev in 1997, Jim Benson started the trend of successful computer entrepreneurs moving into the space development arena. For more information, visit www.spacedev.com.
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism and satisfaction with current prospects, as well as words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, although their absence does not mean that a statement is not forward looking. Forward-looking statements are based on the Company's current expectations. Such forward-looking statements are not guarantees of performance, and the Company's actual results could differ materially from the Company's current expectations based on many factors that are directly or indirectly related to the items discussed above. Factors directly related to the subject of this release that could cause or contribute to such differences include risks and uncertainties associated with rescheduling or cancellation of customer orders or government contracts; unforeseen development challenges and delays; and, the Company's ability to control costs and expenses. Reference is also made to other factors set forth in the Company's periodic reports filed with the Securities and Exchange Commission, including "Management's Discussion and Analysis" and other sections of the Company's most current Annual Report on Form 10-KSB and subsequent Quarterly Reports on Form 10-QSB. These forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Contact:
The Investor Relations Group
Investor:
John Nesbett / Dian Griesel, 212-825-3210
or
Media:
Mike Graff, 212-825-3210
--------------------------------------------------------------------------------
Source: SpaceDev
Penny Pumpers??? See any comparison's??? From RB...
The Penny Stock Epidemic - The Tangled Web They Weave
I
nvestor Information
November 15 2005
http://www.stockpatrol.com
Penny stock fraud has become an international epidemic, spreading at a record pace thanks to the efforts of boiler rooms, greedy promoters and unscrupulous company insiders.
These fraudulent schemes generally involve the shares of obscure companies which have few assets, negligible revenues, and dubious operations. Most of these companies trade over-the-counter, on the OTC Bulletin Board, Pink Sheets, or non-U.S. exchanges. As of September 2005, 3,280 companies were listed on the OTC Bulletin Board. Another 4,773 stocks were quoted solely on the Pink Sheets. Over 35.5 billion shares changed hands on the OTC Bulletin Board in September alone – an average daily volume of well over one billion shares a day.
This arena is a crucible for securities schemes, yet the OTC Bulletin Board has few listing requirements and the Pink Sheets have none. In fact, the Pink Sheets are a private enterprise with no regulatory or disciplinary oversight functions.
The term “penny stocks” is something of a misnomer, since it includes stocks that trade for $5 a share or less. Penny stock rules are designed to protect the public since investments in these low priced securities tend to be speculative and risky. When stock brokers recommend these penny stocks they are required to have an existing relationship with their customer or to determine that such investments are suitable for a new customer. Unscrupulous promoters and boiler room operators generally ignore these rules.
Although penny stock schemes are frequently successful, they seldom are subtle. Unlike the elaborate accounting schemes that accompany massive corporate frauds, like those that unfolded at Enron, WorldCom and other major companies of that ilk, penny stock frauds usually rely on the garden variety “pump and dump” scheme. The promoters gain control of the company, often through a reverse-merger with a shell company. They then spread false and misleading information about the company to spark interest in the company, generate volume for the stock, and pump up prices. Once stock prices rise, the promoters dump their shares and stock prices slide back toward oblivion. The game takes on several variations, but the basic framework seldom differs.
Often, these schemes employ one or more of the following tools:
• E-mails touting little known struggling companies with virtually no chance of success. These spam e-mails seldom identify the sender or provide accurate contact information. They do not provide a balanced view or disclose investment risks. E-mails promoting worthless companies have proliferated in recent years, appealing to investors around the world.
• Unrealistic financial reports and research reports that tout a company without presenting a balanced view and occasionally include unsupportable financial projections.
• Press releases that are issued to create a buzz about a company. Upon close examination, these press releases are short on details and long on unrealistic promises. They provide just enough information to whet an investor’s appetite.
• Announcements that an obscure under capitalized company is about to become a player in a cutting edge industry. After a season of brutal hurricanes, promoters seized upon the plight of storm victims to tout tiny companies that claimed to be poised to profit from relief efforts. For the most part, these claims were without substance.
• Internet message boards used to tout or attack a company. Message boards have become a haven for zealots who are prepared to defend worthless companies, even though every available fact indicates that the company has virtually no chance of success. They offer little opportunity for honest debate; just a forum for a company’s fans, where negative messages are labeled as “bashing” and critics of the company are accused of undermining the stock.
As we noted, these schemes are transparent. There are a number of bright red flags that should trigger concern:
• Claims that an obscure company is poised to capitalize in a “hot” sector, like homeland defense, hurricane recovery or AIDS research. In the wake of
September 11th many of these schemes claimed to have developed cures for anthrax and other biological threats.
• Companies claim to have relationships with better known, successful businesses. Usually, these relationships are non-existent or insignificant.
• The company being promoted does not file regular public financial reports with the SEC.
• The company being promoted has negligible assets or revenues
• There has been unusual, excessive trading in a stock.
• There have been sudden dramatic price swings for the stock of a company with no track record, discernible business or demonstrated revenues.
• The Company routinely uses Form S-8 to register shares for insiders, employees or consultants. Form S-8 allows companies and promoters to flood the marketplace instantly, with registered shares that have been issued to anonymous individuals and companies.
• A company with little operating history employs numerous consultants and awards them shares.
• The company sells unregistered stock overseas under Regulation S. Regulation S has created a virtually unregulated environment for offshore sale of U.S. securities. Companies listed on U.S. exchanges may sell unregistered stock to non-U.S. residents. U.S. investors are protected because those shares cannot be resold in the U.S. for at least one year. Overseas investors? They are on their own.
• The company has engaged in one or more reverse-mergers.
• The company has offshore investors whose principals are undisclosed.
• A public company frequently changes its business plan, while maintaining the same management.
• The business is incorporated in Nevada. Nevada corporate law affords the individuals in control of a company to make significant decisions without first notifying or gaining approval from public shareholders.
• Canadian connections. Tiny companies have proliferated with the following in common: they are incorporated in Nevada, have offices in Canada (usually British Columbia), have attorneys in Florida, California or New York, and often use transfer agents housed in Utah. Their goal is to create a jurisdictional blend that allows them to scam investors in the U.S., Canada and around the world. In order to catch these crooks, regulators from these various jurisdictions must cooperate. That takes time and resources – and plays into the hands of promoters who are operating at a far quicker pace.
Where does this leave investors? The red flags are there – and obvious to even the most nearsighted and shortsighted. The bottom line remains, as always – before you invest, investigate.
IF YOU HAVE QUESTIONS OR COMMENTS FOR STOCKPATROL.COM, CONTACT US AT editor@stockpatrol.com
Gold at $481, missed out on USGL.OB, on my watch list at $1.29 on August 5, now hit $2.60....see what it does after the first of the year....
Think this the long called for breakout on gold??? Copper going nuts too...
Doubloon, what's moly doin'????
No, he doesn't have to prove anything, but I think it's a bit silly to put that much money in a 5 cent stock that is filing late and has a history of dilution and losses. Not to mention all the other red flags....but hey, it's his money!!!!
Oh, OK...that makes it real....wink, wink...
Takes 5 days to settle?????
11/21/2005???? If you going to make up a phony buy list, at least get the dates right!!! LOL!!!
Did MarketSmart say big news coming and ten bagger like someone posted on RB????
Looks like a technical bounce on no news....or, MM's had some big blocks to sell and suckered in buyers by raising the pps. They do that all the time on the OTC......IMO... See what happens in the next couple of days, it will fall back if that was the case....
GLW.....Volkswagen Selects Corning DuraTrap(R) AT Filters for Clean-Diesel Passenger Cars
Wednesday November 16, 4:05 pm ET
VW initiates first light-duty diesel vehicle use of advanced Corning filters
CORNING, N.Y.--(BUSINESS WIRE)--Nov. 16, 2005--Corning Incorporated (NYSE: GLW - News) announced today that Volkswagen AG is equipping selected European-market diesel passenger cars with a new, advanced diesel particulate filter from Corning Incorporated. This represents the first application of the new Corning DuraTrap® AT filter announced earlier this year.
The Corning DuraTrap® AT filter will be used in an advanced aftertreatment system available as an option on Golf, Golf Plus and Touran vehicles with a 2.0 TDI (103kW/140PS) engine. Production of vehicles with this advanced particulate filter system commenced in the fourth quarter of 2005. Corning is producing the filter at its manufacturing facilities in Erwin, N.Y.
"We are pleased that Volkswagen has chosen our DuraTrap® AT filter for its high-performance clean-diesel passenger cars," said Thomas R. Hinman, vice president and general manager, Diesel Technologies. "This application reinforces our commitment to leveraging Corning's unique capabilities to advance the state of emissions aftertreatment systems."
Hinman added, "There continues to be very strong interest in our new DuraTrap AT filter and we remain engaged in discussions with a number of additional passenger car manufacturers. We are optimistic that we will have additional commercial applications for our AT product next year."
The Corning DuraTrap AT filter uses an advanced aluminum titanate composition to deliver excellent thermal shock resistance and performance under demanding conditions. This new filter also uses a monolithic (single unit) structure to promote long-term durability, and it incorporates a unique cell configuration to improve ash storage for enhanced filter life.
"The diesel products market is a very exciting and promising opportunity for Corning's Environmental Technologies segment," Peter F. Volanakis, chief operating officer, said. "We continue to believe that the global diesel products market could grow into a $1 billion market by 2008 as numerous new clean-air standards take effect around the world."
Corning is a leading supplier of advanced particulate filters and catalytic converter substrates to all of the world's major manufacturers of diesel and gasoline engines and vehicles. The company invented an economical, high-performance cellular ceramic substrate in the early 1970s that is now the standard for catalytic converters worldwide. Corning was awarded the US National Medal of Technology for its invention of the cellular ceramic substrate. In 1978, Corning developed a cellular ceramic particulate filter to remove soot from diesel emissions.
About Corning Incorporated
Corning Incorporated (www.corning.com) is a diversified technology company that concentrates its efforts on high-impact growth opportunities. Corning combines its expertise in specialty glass, ceramic materials, polymers and the manipulation of the properties of light, with strong process and manufacturing capabilities to develop, engineer and commercialize significant innovative products for the telecommunications, flat panel display, environmental, semiconductor, and life sciences industries.
Contact:
Corning Media Contacts:
Daniel F. Collins, 607-974-4197
collinsdf@corning.com
or
J. Robert Jones, 607-974-4898
jonesjr@corning.com
or
Visnja Montag
+49 (0)711-21099-420
Visnja.Montag@pleon.com
Sam???? FASC is doing GREAT!! Read the DD posts....
Sold ATEA, wait for it to settle down to get back in. Problem is they had a huge quarter, but warned it was due to one customer and no guarantees for a repeat. Good company, though, IMO, very low OS and great fundamentals.
I feel sorry for the investors that buy on PR's and can't even read a filing.
Copper kicking butt too....
http://www.thecopperlink.com/services/metal-prices/prices/se_me-pr_pr_index.php.en?grafik=Copper
Investing Green Without Seeing Red
Andrew T. Gillies, 11.16.05, 9:00 AM ET
WASHINGTON, D.C. - Fifteen years ago, Jeffrey Leonard and a partner pulled together $5 million to found a private equity outfit, the Global Environment Fund, devoted to making money off environmentally friendly technologies. "We thought we were going to invest in replacing the internal combustion engine or the incandescent lightbulb," Leonard says.
At an investment conference here last month, Leonard showed just how far his thinking has evolved since 1990. To an audience of venture capitalists, company executives and government officials, the Global Environment Fund chief rattled off a few of his favorite deal-making areas: liquefied natural gas, clean diesel, nuclear power and clean coal. Hardly stuff to enthuse the average enviro.
Leonard says his remarks came with a measure of tongue-in-cheek but also a serious message on making venture bets in the "clean technology" category. "In this climate," he warns, "you want to be damn careful about what kind of technology you're going to invest in."
The climate he mentions is one that is getting warmer. While giants like General Electric (nyse: GE - news - people ) and BP (nyse: BP - news - people ) tout their clean technology initiatives, blue chip venture capital firms are doing the same. Draper Fisher Jurvetson, for example, now lists clean energy as one of its priority investment areas. The Cleantech Venture Network, which hosted the conference in Washington last month, says the areas it tracks could capture 10% of all venture money by 2009.
Politicians are also getting in on the act. President George W. Bush held a photo op last May at a hydrogen fueling station, and at the October Cleantech conference, keynoter Sen. Hillary Clinton, D-N.Y., used her address to savage big oil and sprinkle praise on the likes of IBM (nyse: IBM - news - people ), Corning (nyse: GLW - news - people ) and Cummins (nyse: CMI - news - people ) for efforts to green their businesses.
Meanwhile, Leonard's Global Environment Fund has prospered. From that original $5 million in 1990, the fund's assets under management have grown to $500 million. Leonard says he's making money for investors and expects to have in the ballpark of $800 million to manage within the next year and a half.
But Leonard's mood these days is more cautious than triumphant. Reason? In his 15 years in the business, he's seen too many instances of enviro-enthusiasm leading to bust. In the early 1990s, for example, he recalls how California set a goal for commercialization of electric cars. "We must have seen 100 business plans for electric vehicles," Leonard says. But California ended up scrapping the initiative, along with the prospects for those entrepreneurs.
In Leonard's caution lies lessons for would-be entrepreneurs and money men looking to go green. First, think incrementally. Solar and wind power may eventually save the earth, but the reality today is that coal provides half of U.S. electricity. Hence, clean coal has more promise now for investors. Likewise, Leonard sees big opportunity in technologies like sensors and software that make the existing electricity grid more efficient.
Second, focus. "You have to have a niche," says Leonard. For the Global Environment Fund, that niche consists of three items: buying into incremental technologies, building eco-friendly infrastructure in emerging markets, and forestry. The latter two reflect the bios of the founders. Leonard did stints advising the World Bank and the U.S. Agency for International Development, while founding partner John Earhart has a degree from Yale's School of Forestry and Environmental Studies.
Finally, beware of government. Leonard sees an important role for the public sector in funding research and development, but watch out if it gets heavily involved in commercializing new technologies or propping them up with tax credits and other subsidies. Why's that? Those subsidies can vanish just as soon as they appeared. Just ask the entrepreneurs who looked to cash in on California's electric cars.
Gold spiking this morning?????
Do you think these guys will tell us when they get accepted on the Amex, or will we just wake up one day and see a symbol change???
rickguy, the Skinheads will probably show up next demanding all longs get their certs and beat up naked shorters in the streets......
Well rick, I'm straight and you are gay, so if we are the same person, that doubles our chances to pick up dates!!!!
LMAO and JMHO!!!!!