Monday, August 08, 2005

Hoku Scientific update

Just an update on a previous item about Hoku Scientific, to note that the pricing and amount of their IPO came down a bit before they went public on Friday. The Honolulu Star-Bulletin contrasted the performance of Hoku with that of Baidu, the China-based search engine, which also IPO'd on the same day. It's a bit of an unfair comparison for reasons the reporter then clarifies later in the article, but striking nonetheless. The IPOs of both Hoku Scientific and PolyFuel are being watched closely by fuel cell venture investors...


Anonymous Anonymous said...

If anyone invests in these IPO's it will be due to the same hype that led to investments in etoys and These companies are doing basic science and none of them will ever earn a penny of profit.

5:09 AM  

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