NXT: One of the big potential risers of 2006? 3M & others could make it happen

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COLSMITH - Wed, 28 Dec 05 :

stoxx - a reasonable view but you either believe the cash will be generated or not based on the product and its market. On fiscals in its favour is the small amount of equity less than 100M and the abilty for leveraged cash in from OEM sales, which are not dependent (to any significant extent) on the sale of their product (an IP company characteristic). Today we have another smoke signal that a major industry is starting to use the IP but as you say we can't quantify the cash flow implications but for sure its gives incresed confidence that we will see significant cash from the auto market.


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