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Preview
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On June 4, 2002, one of the OTC
Journal's editors was invited to visit Ford's top secret "Skunk
Works" in Dearborn, Michigan to experience revolutionary new technology
which could end up, in some form, on nearly all cars. It's potential was
compared to fuel injection, air bags, and antilock brakes in the early
stages.
The visit was hosted by a Senior
Technical Specialist from Ford who headed the Advanced Power Train
Architecture & Propulsion Concepts department. This same Ford
executive headed up the team that developed the technology to convert nearly
all newly made cars from carburetors to fuel injection in the late 1970s.
The giant facility was a car enthusiasts
dream. We were greeted by a row of blacked out Aston Martins and several
high tech looking Jaguars.
Nestled amongst these thoroughbread
sports cars, and looking like an NBA center at a jockey convention, was
a slightly worn 2001 Lincoln Navigator outfitted with a 4.0-liter Jaguar
V8. Underneath the vehicle, bolted to the frame on either side of the gas
tank, were two long cylinders, each about twice the size of a SCUBA tank.
Mounted on the center console was
a full computer screen with keyboard, attached to a CPU bolted to the floor
between the two front seats. The computer screen allowed the driver to
monitor the performance of the system. Performance adjustments could be
made with keyboard entries.
Two years of experimentation with
the system had led Ford to conclude the following:
-
The normal 13 MPG in city driving was
improved to 18 MPG (miles per gallon).
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The 275 Horsepower engine generated
360 horsepower when accelerating uphill from a stop.
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Pollution emissions were reduced by
50%.
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Brake Life improved by 77%.
In 2002 Ford upgraded the status
of this new technology to "implementation ready", meaning
Ford's supplier has mass production on the drawing board.
Want to learn more? Read this weekend's
edition out Friday after the close.
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StockGroup
(OTC BB: SWEB) Shareholders Take Note- Multex Jumps 70% |
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Shares of NASDAQ traded Multex.com,
Inc. (NASDAQ: MLTX) jumped 70% this past Monday when it was announced
Reuters
had entered into a definitive agreement to buy Multex for
$7.35 per
share in cash. Shares of Multex closed at $4.58 on Friday evening,
and reopened for trading at $7.27 Monday after the news of the definitive
agreement was disclosed.
Multex achieved $92.4 million in
revenues with losses of $7.4 million in 2002. Multex is a global provider
of digital investment information for the financial services industry.
We bring this event to your attention
because it indirectly relates to StockGroup, and its recently announced
distribution agreement with the Associated Press, the largest and
oldest news delivery organization in the world.
After an eight month selection process,
The Associated Press chose StockGroup's digital financial
information services in order to expand it's product offerings to its customer
base in financially related information.
The Reuters buy out of Multex suggests
that information technology companies like StockGroup could be viewed as
undervalued by major industry players. Shareholders can only hope the Associated
Press relationship leads to a similar scenario at some point down the road.
Multex was purchased for 2.9 times
annual sales. If StockGroup were to be purchased based on the same
valuation, the price would be $.395 per share, 58% above the current price.
More importantly, after the mid January
surge to $.38 per share on the Associated Press news, shares of StockGroup
have drifted down on light volume along with the rest of the market in
this pre-war grinding mode. As you can easily see from the chart, the stock
is camped right on its support level, an excellent accumulation opportunity.
Charts Provided Courtesy
Of TradePortal.com
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