arsenal30
- 19 Dec 2003 14:49
It doesn't take much imagination to see this stock doubling in the next 18months. They have proprietary technology called UDO which is basically a means of storing three times as much data for the same cost as traditional storage media (DVD, MO). Their techno is aimed at the corporate space not the consumer. Given Enron, Anderson, Worldcom, etc regulators around the world are telling companies and organisations in every industry that they must store data properly. The product is that the world is increasingly drowning in a deluge of data. Plasmon's technology is like manna from heaven. Its price competive, allows easy access, is permenant (can't accidentally on purpose erase data) and stores data longer than any regulator will live. They just signed a contract with Mitsubishi today (japan's biggest company) and likely to do the same with HP, IBM, GE and others. When this hits the screen the shares will continue their strong run.
dandu71
- 20 Dec 2003 13:33
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thanks arsenal, gonna take a look into this