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Zeev Hed

09/22/02 11:09 AM

#27813 RE: Sir Realist #27811

There are really two aspects to your question, is it a good stock and is it a growth industry. Yes, it will grow, but amorphous metals is in the same category as GaAs, it has been the "material of the future" since 1970. It is simply too expensive to find broad applications. As for the stock, I would not touch it with a 10 foot pole, yahoo even does not keep their "Financials" (g). They have, according to their last quarterly, only $50,000 but are burning more than $4 MM per quarter. It is a company facing massive dilution, and very little prospects for real positive cash flow in the next three years. I laughed when I read about their new venture to make surgical blades. Few years back, I was helping a private start up in the injection molded ceramics business (even better material performance than amorphous metals), and one of the projects we worked on was the development of a ceramic surgical blade, the blade performed fabulously, but no major surgical blade company really thought that the performance advantages where worth paying twice for the blades. It died, the amorphous metal blades will probably have a cost of three times the existing blades, so forget about that hype.

Zeev