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Fred, one key difference this time around is revenue . Edig appears to be increasing revenues into the millions of dollars per Q with low expenses. Might be a few more bumps in the road but things are certainly working in our favor for a change. The amazing resilency of the pps is baffling. FLCR was on the bid with some decent sized blocks again today. All things considered I believe we might finally see some daylight. Joe
Same reply from mt email med.rare. All good things take time. I'M Waiting, lol. Looking forward to the next 6 months, revenues will be increasing and new business at hand. Joe
Actually callmeal many of the posters here were either past employees of edigital, MM employees, or distraught prior holders of edig stock.
You can tell which ones used to work for edigital, they are most likely to demand that FF step down.
The MM employees are seemingly the brightest stars of basherdom but they are being fed their info from a higher power!
And the most obvious group of naysayers are the unhappy prior or current holders of edig stock.
Well, that bout splains it! Ya'll come back now ya hear!
All Hail the King......The King has no clothes!
Sabre, you're funny! LOL.
Nice find by FGATOR!
A 'desi' chip maker preferred worldwide
By Anand Parthasarathy
753 words
2 January 2005
The Hindu
If you fly by Alaskan Airlines, Hawaiian Airlines or RyanAir today you will be able to enjoy one of the most advanced digital media players in the world, to hear music or view movies. Next week in Las Vegas (United States), at an international Consumer Electronics Show, at least half dozen manufacturers will unveil their own branded versions of the portable media player - which for the first time, will not only play audio and video but also will allow users to record and store up to 50 full length movies - that will cost around $ 300 a piece.
One of the world's more popular budget digital movie cameras or 'handycams', made by the Taiwan-based Premier Image, can be bought in India for about Rs. 8,000 on the baazee.com auction site.
And by mid 2005, at least two manufacturers in Korea will be launching a new generation of see-as-you-speak video telephones that allow you to make cheap phone calls that ride on the Internet.
A common link
What is the common link between these different products?
The fact that all of them are fuelled by cutting-edge technology and digital chips conceived and designed by Ittiam Systems, an Information Technology company wholly owned and staffed by Indians, based in Bangalore, that turned three today.
Significantly, it has just won recognition by independent technology watchers as the 'world's most preferred supplier of digital signal processing intellectual property.' The details of how this rating was arrived at by the technology research agency, Forward Concepts, shared with The Hindu , show that Ittiam is way ahead of competitors, in the perception of digital electronics manufacturers, both for its hardware and its software.
Indeed, the proud 'made in India' brand that Ittiam has carved out for itself, is in a new and emerging technology niche — a 'sangam' or confluence of hardware and software, called embedded systems, where a small number of chips on a card — or even a single 'system on a chip', can fuel a number of different applications.
This is arguably, one of the most significant achievements by an Indian technology company in 2004.
Ittiam prides itself on the freedom its fairly small design and marketing team of about 100 enjoys to 'think' ahead of the industry: Its name is an acronym for French mathematician Rene Descartes' famous statement: I Think, Therefore I Am.
CEO Srini Rajam and six others, moved from another big name in digital signal processing - Texas Instruments - to start Ittiam on January 1, 2001. Since then, they have taken on board key engineers like Manish Singhal who came from Motorola, and helped create the portable media player Sriram Sethuraman who left U.S. academia and Sarnoff Labs, to guide video imaging, Murali Muthukrishnan who came from Intel to design the video processor, Sukanya Chandramouli who gave up a career at Texas Instruments to create speech and video products, B. Bhaskaran who had a long career at C-DOT before he became a core member of the multimedia systems team.
This correspondent was enabled to meet all these people and a dozen others whose talents helped Ittiam gain global leadership so fast in so many product lines — the first time the company has brought together its entire intellectual strength for interaction with any member of the media.
Last month, the equity arm of the Bank of America invested $ 6.5 million in Ittiam — which is more than all the money that the company had attracted since it first started. 'It will allow us to fund more far reaching research.'
Mr. Rajam says, 'we are already thinking of products for 2007-8.'
Sometime in 2005, their next breakthrough device, a digital set top box based on the Internet Protocol, will be brought to market by Chinese and Korean makers — and the Ittiam Business Development Director, Prem Anand, has a special interest in this: the company feels it has a huge potential in India, and may for the first time allow a co-branding operation with an Indian manufacturer that will tell lay Indian customers that the device has 'Ittiam Inside.'
They are already looking ahead at Ittiam this week — at the promise and scope of the next generation emerging standard known as 802.11n — way beyond today's WiFi based access to the Internet.
When the standard is actually promulgated, they hope to have an edge because, like their icon Descartes, they think, therefore they are — world-beaters.
And Fred, how we all look forward to you selling your shares. Hence and forthwith, If you sell your sells the stock will be flying! I'm all for that!
Just one bit of news and this baby is off and running. The pps is as tight as a coiled spring. Watch the Bollies and alpha bravo one step two step. Joe
There might be just enough anticipation to keep the pps up until news. I am expecting news over the next few weeks. At the very least something from Wencor is likely and possibly something new from edig. The pps looks to be pretty solid of late, and for whatever reason people don't seem to be selling (I was right about edig's pps basing a few weeks ago in the mid 20's). Believe it or not, you can buy at the bid and in large amounts if it is done slowly. What we saw last week was accumulation by a large buyer of edig stock done at the bid. Just my thoughts on the subject. Oh, and we are sure to be moving north soon! Rumors abound! joe
shorting stocks like edig after next week may not be such a good idea. The new regulations for shorting may give some shorts a wedgie.
The S 3 was filed on 12/22/04 and is old news. this filing has had no effect on the current pps. Those shares are available for sale but not yet sold. No new dilution at this time. end of message, end of thread!
Sabre, LOL. eom
Ouch, that hurt! lol. eom
Honestly now, believe me when I say that you are mixing apples and oranges. I sold a small portion of my holdings for a short term gain and held the majority of my holdings for a longterm<b/> gain. Not too difficult to understand, really. I suggested you buy for a longterm hold cause this puppy is heading north. Shortterm<b/> buy low and sell high to gain some free shares. It does work and I am not alone in this philosophy.
I'm sorry if the concept I laid before you was beyond your mental capacity but it is understandable since you waste massive amounts of time talking negatively about a stock you don't own. End of Thread, Ok? Have a nice Holiday and I hope you eventually buy edig and make some money by mid 2005.
OWD, love your ///Slant///, Just go with it! I do believe you know that stocks go up and down along the way to new highs. I was just kidding with you about buying, though I will tell you when I buy back in next week. I know you have no intention of ever buying edig stock. I don't think buying or selling stock based on someones recommendation with a moniker like crazyjoe is wise, lol. Did I tell ya I post from inside an insane asylum! Have a great Holiday all and OWD, take a break you deserve it!
Owd, what a nice compliment you have graced me with. You, a most wonderful person, always the first to provide positive comments about edig. I am so impressed that you want some trading tips from me. You continue to amaze me and others with your very upbeat positive slant to all that you discuss.
I will give you just one tidbit, just to whet your appetite. I bought edig in a Roth IRA for .25 a few weeks ago and sold for .34 yesterday. I will buy back in fairly soon, probably next week somewhere below .3. I hope to accumulate about 2000 free shares. I sold just a portion of my holdings. I'll let you extrapolate out as to how many shares I sold and how many I intend to buy back. I have done this many times and continue to add more free shares.
In order for you to trade and actually make money be sure to get L2 and learn to use it. Yesterdays top was not too hard to read. I sold at 3:55 pm yesterday. I actually could have sold that portion of my holding this AM but decided not to wait.
Oh heck, you don't really want any of this info. What you really want is to be able to call me a liar and cause me ruin in your little mind. Well, my good friend, I am making money and free shares. Are you!!? Oh yeah, have a Merry Xmas knowing that i once again took advantage of my edig position.
The beauty of a Roth IRA is it is tax free. Nice vehicle for trading. Buy low sell high. I have been buying and selling a portion of my edig holdings in an IRA for years. It certainly has allowed me to buy more shares off the bottoms. Try it sometime, it is pretty cool. My average pps in edig is pretty low after all of those buys and sells. Oh yeah, incase you think my commisions are sucking away the profits, guess again. I pay 9.99 per trade. Yeah it sucks to see my core holding go up and down but I have increasing my holdings in edig at lower prices with more shares. Might even have enough to count. joe
Owd, did you ever I consider that I have been making money in edig stock for quite awhile1 Cheers, thanks for wishing me well with my continued prosperity. Nice move today on my recently purchsed shares at .25. Continuing to make money in my Roth IRA. joe
OWD next thing you know you will be buying edig stock. Good for you to finally come around and finally jump on board. We are all proud of you to finally leave the past behind and become one with us, the true longs of this board. Hey, someone is buying today, hmmm, I wonder why? !! 0.34 X 0.345 Joe
Interesting to note that the pps continues to climb even after the registration filing. Also the Bashers don't seem to be having any effect on the stock. Might they need a new job, soon.
Oh, and have a wonderful Holiday knowing that edig's pps will continue to head north. Keep in mind news is likely in a few weeks, Feb 15th Q results not far off and arbitration in march, oh, and other unexpected tidbits like additional airlines buying the digeplayer. Good luck to all the longterm shareholders. Joe
Fred; Edig will not be going below 20 cents anytime soon. Too many positives and not any negatives. Remember when everyone said it was all about revenues. Well it is finally edig's turn at the plate. The latest buzz is about increasing revenues Q over Q. And the numbers are in the millions per Q.
Huge orders for the IFE are likely in the not to distant future based on Wencor's purchase of APS. Ya think they bought them out to lose money and not sell a ton of contracts. Also, it has been very quiet in edigland and furthermore guidance of better revenues than we have seen for some time are expected any day now.
Just too many postives going forward to expect any selling presure, at least for now. Most people are holding or buying. Edig has historically dropped over time after any run ups. The pps has begun to firm in the mid 20's. And what I'm suggesting is that the pps has fluctuatated 3 or 4 cents up and down without continued dropping. Da bones in OTC land are made to be broken. Expect good news, I am. joe
Fred, Midwest is new. It was on the radar screen but now it is more of a certainty than previously thought. I will not be surprised if we see 20 airlines by this time next year and 15 million plus in revenues.
The stock has based in the mid twenties as I prdicted. I don't see your prediction of 10 cents coming to pass anytime soon. It is very likely the pps is heading north over the next 3 months. Should be fun! About friggin time, LOL. joe
GZFX out with news, might run a bit from these lows.
Did anybody hear anything, passing gas maybe? lol
Wait another week and it will become more apparent. joe
Fred, I have to disagree. The current base of the mid to high 20's is due to the increasing revenue stream. We stalled in the high teens with our dismal revenues from the past Q's. Now that edig has clearly demonstrated increasing revenus the pps has once again stabilized at a higher base. The volume we have seen lately is indicative of no selling and no buying. People are waiting for more news. Many shares were bought recently by returning longs, old longs and newbies. Many of those shares are being held for a higher pps. I expect some movement up and down in the 20's till news and than it is off to the races. 50 cents by xmas or higher is my guess. Just my thoughts on where we are. Joe
Edig has always been known for last day filings. I can't imagine anything but positive news coming out of the 10Q. The guidance expected certainly has my interest piqued. joe
10Q will be out by the 16th.
Thank you for your e-mail, Joe. Our Form 10Q for the period ended September 30, 2004 is scheduled to be filed with the SEC before November 16. We will also be releasing a business and revenue update in conjunction with this filing. Thank you for your continued support, Joe.
Best regards,
Robert Putnam
Sr. Vice President
LOL, eom
HotrodHans, absolutely right on. I'm certainly glad they did not announce the 10Q today. Monday is just fine, start the week off right. I expect a rally of sorts on the 10Q and guidance PR. Any more than that and this baby will be off to the races. Momo players are aware of edig again and will jump in on any good news. Joe
SWYC, is now bouncing, I was a bit early.
Oops, me bad, no bounce on SWYC yet. Filling the gaps.
SWYC looks to be starting a bounce at .26.
OT,HotrodHans, your email did not work. Joe eom
Really Fred, you did not see the poster, ( first hint, name starts with C) who has religiously stated that edig is a scam and should be sold at any price. C'mon fred, get your head out of the sand, dude. She has regularly implied that the longs are crazy to hold this stock at any price. I made it clear that some posters want us to sell, uum, why else would they bash this stock 24-7. Of course if there is another reason why they are constantly bashing this stock I'm all ears. Joe
Well one thing is certain, selling at .2 as some here suggested would have been stupid and buying at .2 last month was a very smart move. Some posters here are true contrarian indicators and for this we are grateful. Joe
I believe this is why we moved off the low 20's.
SAN DIEGO--(BUSINESS WIRE)----e.Digital Corporation (OTC:EDIG), a leading innovator of proprietary digital technology platforms, today announced it expects to report over $2 million in revenue for the second quarter of fiscal 2005, ended September 30, 2004. The company also announced it has received over $1 million in orders in the first month of its third fiscal quarter ending December 31, 2004 with further orders expected. e.Digital has received over $500,000 in deposits to date on the orders.
We knew about this but no one else did. And it goes w/o saying that Wencor news was involved. I don't necessarily agree about the theories of someone taking a stake in edig. looks like a move on revenue projections that fed on itself. Fred is right on about edig dropping slowly w/o follow up news. Edig has historically not given good follow up PR's. I don't really exopect any news from edig any time soon. Some new airlines coming from Wencor is likely though. Joe
I do expect edig to have more good news on the revenue front over the next 6 months and high pps points. I still think 50 cents is possible by CES.
Edig might just continue this run as the week progresses. Not too much selling by players and many buyers seem to be holding. 10Q in 2 weeks and 4 more airlines coming onboard for edig's digePlayer/VOD. Might one of those airlines be really big and sign on for a huge order worth millions in revenue. We wait, the plot thickens. joe
Edig is climbing on increasing volume. The sellers do not appear to be having much effect on the pps so far. The revenue guidance and previous quarter revenue was posted as a shareholder alert. The Wencor news is not easily related to edig by the street. Makes ya wonder why people are coming in to stay. If it is only the momo players running this up, I'll be surprised. Looks like a bunch of new blood and old blood has come on board. People are certainly willing to hold a stock that has Q over Q gains in the millions of dollars. Joe
Someone certainly is following edig, lol. Joe
Edig gapping a bit more than a tiny bit .34 X .35!!!!