Microsoft Comments on Medis

(via blogs.marketwatch.com)

Herb Greenberg and John Letzing get to the bottom of the over hyped press release by Medis Technologies last Friday regarding the sale of its 24/7 fuel cell Power Packs to Microsoft. Medis stock took off after the announcement. However, the MarketWatch reporters did their homework and contacted Microsoft. A Microsoft spokesman stated that Microsoft has no plans to resell or develop the fuel cell product. This is a good reminder of how important it is to double check the facts.