No more electric bills?

Chipmaker sees solar cell revolution

Process lowers efficiency but slashes production cost

AMSTERDAM, Oct. 2 — Promising a revolution in solar cells, Europe’s largest semiconductor maker says it has discovered ways to generate electricity twenty times cheaper than today’s solar panels. French-Italian chip maker STMicroelectronics said it expects to have the first stable prototypes by the end of 2004.
ST expects cheaper organic materials such as plastics to bring down the price of producing energy. Over a typical 20-year life span of a solar cell, a single produced watt should cost as little as $0.20, compared with the current $4.
The new solar cells would even be able to compete with electricity generated by burning fossil fuels such as oil and gas, which costs about $0.40 per watt, said Salvo Coffa, who heads ST’s solar research group.
“This would revolutionize the field of solar energy generation,” he said.
http://www.msnbc.com/news/974840.asp?0na=x23346R7-

interesting story, and I hope they are right.

for anybody else who is interested.

trading at 25.36

Whaddya think.
52 week hi-lo 27+ & 11.
Time to buy or watch a while?

Not only are they half French, but they are cutting into his family's oil profits and helping the environment!