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XenaLives

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XenaLives

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Re: Zeev Hed post# 102913

Wednesday, 04/30/2003 9:29:39 AM

Wednesday, April 30, 2003 9:29:39 AM

Post# of 704019
Zeev, I think OMG is betting the farm on new auto technology. The key is in the 13% increase in PM and the tooling up of new tech for later in the year.

If it works they're good to go. Their business will increase dramatically. Wasn't this acquisition the whole reason for the big debt and the current situation?

Unless there is a dramatic economic downturn, I expect their bet to pay off. Even a continuation of the weak economy will not stop the new technology in the auto industry, it is a necessary development.

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