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Today's webcast is coming earlier than stated on the FAQ page...
-- Updated 2/26/03 --------------------
Q: When will you hold the next webcast?
A: Our next regularly scheduled financial webcast will be held in July, although we plan on holding an Interim Webcast after our fiscal year ends March 31. Webcast access is provided through our Events page and the audio replay is typically available for 30 days after the event.
.195~~Last 10 trades
Time Price Volume Exchange Info
12:06:20 0.195 100 OTCBB at Ask
11:56:33 0.180 500 OTCBB at Bid
11:38:22 0.190 5000 OTCBB
11:38:18 0.190 5000 OTCBB
11:36:46 0.180 5000 OTCBB
11:36:11 0.180 5000 OTCBB
11:35:25 0.190 100 OTCBB
11:33:22 0.190 2400 OTCBB
11:33:09 0.190 100 OTCBB
11:32:55 0.190 2400 OTCBB
.18 x .185~Last 10 trades
Time Price Volume Exchange Info
11:21:55 0.180 10000 OTCBB at Bid
11:20:58 0.185 100 OTCBB
11:20:54 0.185 2400 OTCBB
11:20:49 0.185 100 OTCBB at Ask
11:20:27 0.185 2400 OTCBB at Ask
11:20:20 0.185 100 OTCBB at Ask
11:20:00 0.185 2400 OTCBB at Ask
11:19:50 0.180 15000 OTCBB
11:19:25 0.180 400 OTCBB
11:19:25 0.180 5500 OTCBB
Last 10 trades
Time Price Volume Exchange Info
11:16:34 0.175 3600 OTCBB at Bid
11:16:29 0.180 2500 OTCBB
11:15:45 0.180 25000 OTCBB
11:14:51 0.180 5000 OTCBB
10:57:58 0.175 5100 OTCBB
10:57:58 0.180 5100 OTCBB
10:47:07 0.170 100 OTCBB
10:43:21 0.180 5000 OTCBB
10:36:08 0.175 5000 OTCBB
10:35:02 0.175 5000 OTCBB
Webcast today...e.DIGITAL CORPORATION SCHEDULES WEBCAST FOR MONDAY, MARCH 24, 2003
(SAN DIEGO, CA - March 21, 2003) - e.Digital Corporation (OTC: EDIG) has scheduled a webcast to update shareholders, investors, industry analysts, and members of the media on the company’s current business and provide revenue guidance. The event will be carried live via streaming audio beginning at 1:30 p.m. Pacific Time on Monday, March 24.
This event is being webcast by CCBN and can be accessed at the e.Digital Events page: www.edig.com/news/events.html. During the event, executive officers from e.Digital will give a brief presentation and answer questions submitted before the webcast. To submit a question, please send an e-mail to investor@edig.com.
An audio replay of the webcast will become available through the same link listed above approximately one hour after it concludes and will remain available online for approximately 30 days.
Cassandra,
I wasn't gloating, merely pointing out their news and inquiring about the lack of trading.
As for drawing parallels to e.Digital, it would appear that EDIG management figured out that retail exposure at any costs was not in their best interests, long before sblu did...but these are not identical companies so I won't belabor the point.
Should sblu go the way of fply, it would seem EDIG's chances in the MP3 markets just improved.
I don't see EDIG disappearing at this point in time, in fact, I see them increasing the Odyssey 1000 line slowly over time...starting next week I hope.
By the way, weren't you a big proponent of fply at one time ?
OT: no trades on sblu today ?? SONICblue Reports Fourth Quarter Results
SANTA CLARA, Calif.--(BUSINESS WIRE)--March 19, 2003--SONICblue(TM) Incorporated (Nasdaq:SBLU) reported fourth quarter results, achieving net revenue for the quarter of $67.0 million.
SONICblue reported a net loss for the fourth quarter of $33.4 million or $0.34 per share. This compares with a net loss of $52.6 million or $0.57 per share for the fourth quarter of 2001. The Company's pro forma fourth quarter 2002 operating loss was $15.0 million, or $0.15 per share. This compares with a fourth quarter 2001 pro forma operating loss of $6.8 million, or $0.07 per share.
Pro forma operating loss reflects the reported fourth quarter loss from operations of $25.9 million in 2002 and $13.6 million in 2001, less in-process research and development, restructuring expense and impairment charges, and amortization of goodwill, intangibles and non-cash deferred compensation, as well as a $8.6 million legal charge in the fourth quarter of 2001 relating to the previously announced securities litigation settlement.
The Company has previously announced its activities related to significantly restructuring its business and its potential inability to meet certain debt payments as they come due. The accompanying financial information for the twelve and three months ended December 31, 2002, has not been adjusted to reflect results of any of these activities, as the effects, if any, cannot be determined at this time. The Company will not host a conference call to discuss these results.
About SONICblue Incorporated (www.SONICblue.com)
SONICblue is a leader in the converging Internet, digital media, entertainment and consumer electronics markets. Working with partners that include some of the biggest brands in consumer electronics, SONICblue creates and markets products that let consumers enjoy all the benefits of a digital home and connected lifestyle. SONICblue holds a focused technology portfolio that includes Rio(R) digital audio players; ReplayTV(R) personal television technology and software solutions; and GoVideo(R) integrated DVD+VCRs, Dual-Deck(TM) VCRs, and digital home theater systems.
Except for the historical information contained herein, the matters set forth in this press release, including statements as to the impact and effects of restructuring efforts and debt constraints on the Company's financial results, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the Company's ability to restructure its business and implement its business plan, the Company's potential inability to meet certain debt payments as they come due, the impact of competitive products and pricing and of alternative technological advances, manufacturing and shipping difficulties, fluctuations in consumer demand due to economic developments and uncertainties, and other risks detailed from time to time in the SEC reports of SONICblue Incorporated, including its annual report on Form 10-K for the period ended December 31, 2001 and its quarterly report on Form 10-Q for the quarter ended June 30, 2002. These forward-looking statements speak only as of the date hereof. SONICblue disclaims any obligation to update these forward-looking statements.
117,700 shares @ .16 = $18,832...
OT: PTSC: I don't own this but I know some of you do-
March 20, 2003 10:27 AM EST, Eastern US
Patriot Scientific Corp. Renegotiates Outstanding Warrants; Investors Reiterate Support for Company
SAN DIEGO--(BUSINESS WIRE)--March 20, 2003--PTSC (Patriot Scientific Corp.) (OTCBB:PTSC) today announced the successful negotiation to lock up for a period of one year and unreserve stock warrants exercisable into 20 million shares of its common stock.
The new capital structure will reduce the fully diluted common stock by a like amount and allow the company to delay requesting shareholders to approve an increase in the authorized number of common shares. In exchange for the accommodation, the company agreed to increased warrant participation for future equity offerings.
Eric Swartz, principal in Swartz Private Equity who has been a major investor in the company, said, "We continue to believe in PTSC's technology and have decided to lock up and unreserve the warrants to show our continued commitment to be a long term investor."
Lowell Giffhorn, PTSC's executive vice president and CFO, stated, "There has always been the perception that the significant number of outstanding warrants has put downward pressure on the price of the underlying common stock. We have addressed that concern by locking up the warrants. We appreciate the continued long-term support of one of our major investors, Swartz Private Equity."
About PTSC: Founded in 1987, PTSC is an Intellectual Property (IP), Integrated Circuit (IC) and systems level embedded engineering company. The company sells the IGNITE(TM) processor in silicon both in the United States and abroad. Customers also come to PTSC for product integration and development using the IGNITE technology. For further information on PTSC, visit http://www.ptsc.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
jtdiii, what didn't you understand about my statement,
"I don't know one way or another about any familial relationships, but I do know it is neither illegal or unethical to be in business with family."
Keep chasing basher's bogus stories and continue making me the focus of your life, how refreshing.
Why ask me anyways ? You obviously have disdain for me yet want me to give credibility to basher madness.
Seems you are playing right into the basher's hands...very reminiscent of a few other bashers in long's clothing.
You got your answer, now give it a rest.
RIAA Wants More Names From Verizon
By Roy Mark
With a court victory in its pocket but no names in hand, the Recording Industry Association of America (RIAA) is ratcheting up the legal pressure on Verizon to provide the identity of alleged music pirates operating on the Verizon network.
Citing provisions in the Digital Millennium Copyright Act (DMCA), U.S. District Judge John D. Bates ruled in January Verizon must comply with an RIAA subpoena requesting the name of a Verizon Internet subscriber who allegedly downloaded more than 600 copyrighted music files in a single day.
Verizon immediately appealed the decision and asked Bates to stay his January ruling in hopes of maintaining the status quo until the appeal process is resolved.
The RIAA, though, has insisted that Verizon not only immediately turn over the name of the alleged infringer but has also issued two more subpoenas demanding Verizon finger more accused infringers. Verizon has moved to quash the subpoenas and Bates has decided to consolidate the cases, including his stay decision. A hearing is scheduled for April 1.
The RIAA in August asked a federal district court in Washington, D.C., to enforce the original subpoena, which seeks information related to "a computer connected to the Verizon network that is a hub for significant music piracy." The motion said Verizon is the only entity that can identify the infringer behind the computer.
Verizon refused to comply with the subpoena, arguing it didn't think the subpoena request met the circumstances that the DMCA allows for in compelling information in order to protect against piracy. Verizon contended the subpoena related to material transmitted over Verizon's network, but not stored on it, and thus fell outside the scope of the subpoena power authorized in the DMCA.
In ruling in the RIAA's favor, the court concluded, "that the subpoena power ... applies to all Internet service providers within the scope of the DMCA, not just to those service providers storing information on a system or network at the direction of a user."
Verizon lawyer John Thorne has expanded Verizon's legal defense to a constitutional review of the DMCA, particularly the subpoena power provision of the DMCA. Unlike a usual subpoena, which requires some underlying claim of a crime and must be signed by a judge or magistrate, under the DMCA a subpoena can be issued by a court clerk without presenting evidence of a crime being committed.
The DMCA subpoena can compel an Internet service provider (ISP) to turn over the name, telephone number and address of a subscriber.
A number of Internet service providers and privacy groups have joined with Verizon to fight the RIAA subpoena.
"This isn't about supporting piracy," said Parry Aftab, executive director of Wired Safety, an Internet safety and help organization. "It's about protecting people from Internet predators and stalkers and identity theft. The unfettered ability of anyone to gather personal information about anyone else online by misusing the DMCA subpoena hurts innocent Internet users far more than it helps copyright holders."
Wired Safety filed documents Tuesday with the court defending Verizon's position, focusing on the constitutional issues involved.
"If all anyone has to do to find out where someone lives in real life is to drop by the clerk's office at any Federal District Court and fill out a form alleging that they own a copyright that is being infringed, all our work to protect people online is wasted," Aftab said. "It is unbelievable that it is harder for law enforcement officials to obtain this same information, even when a missing child is involved, than it is for anyone willing to lie on the DMCA subpoena form."
Aftab added, "Armed with an IP address and malicious intent, a stalker, sexual predator, con artist and identity thief will easily be able to pierce the veil of anonymity afforded to Internet users."
One of Wired Safety's divisions consists of volunteers from the law enforcement community who are trained on issues of cybercrime, harassment and preventing child exploitation. They are concerned that abuse of the DMCA subpoena process could also undermine the safety of law enforcement officials working on cyber-investigations.
"The identities of law enforcement officials undertaking important criminal investigations online could be inadvertently compromised from the abuse of this subpoena process when the intended target discovers that a law enforcement agency is behind a particular online undercover address," she said.
jtdiii, you've fallen for the basher "paranoia" scam, hook, line and sinker.
Regarding your inquiry of me on this subject, I know only what I've read in chatrooms by anonymous posters who have demonstrated, over time, a hatred for EDIG and its investors, for a number of reasons, none of which are believable.
I spend time here because I have an investment in EDIG...that simple, and I want to see the company succeed as well as my investment grow.
I don't know one way or another about any familial relationships, but I do know it is neither illegal or unethical to be in business with family.
w_w, 1997 ??? It wasn't EDIG then or Falk...next.
W_W, that's the extent of your new witch hunt ?
Let's see, JFK/RFK, George/George W, Hugh/Christy Hefner....when are you going to break those stories ?
Talk to me when you find accounting improprieties and not just an emerging otcbb attempting to finance new products in a tough economy.
Code blue ? Guys like you have been saying that for the 4 years I have been following this company, yet EDIG sits with its most diverse product line, from the Odyssey 1000, ECLIPSE, wireless headphones w/Hewlett Packard and IFE while streamlining its monthly overhead and about to receive its next order of Odyssey 1000s.
Three Wireless Flavors In One
Arik Hesseldahl, 03.19.03, 10:00 AM ET
NEW YORK - With all the wireless devices on the market, there still isn't one that is flexible enough to work in all the wireless environments you might find yourself in.
Such a device would not only be a mobile phone that could travel anywhere in the world, but it would also manage all your personal data like a PDA, work on Wi-Fi wireless networks for Internet access and also be able to connect to other devices as needed via Bluetooth.
It's possible to combine all three types of wireless connectivity into a single device, but usually it means buying a device that is both a phone and a PDA with Bluetooth, then adding a Wi-Fi card.
Texas Instrument's WANDA concept device
Chipmaker Texas Instruments (nyse: TXN - news - people ) says it has built up a chipset that would form the basis of just such a handheld, and it has been showing off a concept device it calls WANDA at the Cellular Telecommunications and Internet trade show in New Orleans this week.
WANDA stands for "Wireless Any Network Digital Assistant" and it combines a GSM/GPRS wireless phone with Wi-Fi and Bluetooth running Microsoft's (nasdaq: MSFT - news - people ) Pocket PC operating system. Rather than making the handheld itself, TI is hoping to attract the attention of manufacturers and then sell them the chips to do the job.
On its face, having two types of Internet connections may seem like overkill. With GPRS--or General Packet Radio Service--a WANDA handheld would already have an always-on Internet connection for things like e-mail, Web access and whatnot. But GPRS connections aren't much faster than what you might expect from a dialup mode. A Wi-Fi connection can be much faster, on the order of about 10 megabits per second.
More on Texas Instruments
Tear Sheet
The difference is that Wi-Fi connections are stationary. You can't wander terribly far from a network access point without losing your connection. GPRS can follow you wherever you happen to be. The trick will be making it easy to move seamlessly from one type of connection to another with minimal need to interact with settings and configurations. Anyone who's ever set up a Wi-Fi network knows that the settings are a bit temperamental at times--and downright frustrating at worst.
Adding Bluetooth to the mix is a simple no-brainer. Though it still hasn't caught on in a big way in the U.S., Bluetooth is picking up speed in Europe. Wireless headsets are the main attraction, but syncing data between a PDA and PC without the need of a physical connection between them is a great convenience. So is the ability to print PDA data like address books and to-do lists on Bluetooth-ready printers. Gaming by Bluetooth--one player versus another across a room--is another attraction, as is the ability to send short messages across a room via Bluetooth during a meeting.
Cost is going to be an issue. It's not easy to cram all that silicon into so small a package without affecting the retail price. And battery life will also be a key factor. A handheld gadget, no matter how many features it has, is useless when the battery dies--and Wi-Fi connections have a way of sapping battery life rather quickly.
TI says the WANDA concept will be made available to manufacturers starting next month. After that it will probably be several months before any manufacturers announce their own handhelds based on the technology. It will be interesting to see how it all comes together.
W_W, my Odyssey 1000 is kick ass. Which relative do I owe my thanks for incorporating VoiceNAV, FM, voice recording, the best looking casing, and 20 gigs for only $349 ???
Do Hewlett Packard and Bang & Olufsen attend the family reunions ?
That's hysterical. Some real psychos exist taking extra efforts to bash this company...most likely a competitor or shareholder of the competition.
Imagine buying an Odyssey 1000, hoping to find something wrong with it just to go into a chatroom and bash the product, then turn around and praise it on eBay.
Such effort !! If only this one applied as much effort trying to earn a living.
tinroad,
rr made the point that the ipod helped turn Apple around.
$143 million in sales...not too bad for a single MP3 player.
Thanks for the data.
To order your MXP 100 with 512 MB CompactFlash now, go to:
http://www.edigital-store.com/edig/mp3-players-mxp-100.html and select
your color preference, or call e.Digital Customer Support at (858) 679-3195.
Or, buy the 512 MB CompactFlash card alone for $125 at:
http://www.edigital-store.com/edig/512mbcoca.html
rr,
I think that if an MP3 player can help turn Apple around, that's just great. Think what a successful Odyssey 1000 could do for EDIG.
Apple marketed the ipod to help drive its computer sales. The ipod was a success, partially due to some slick marketing and a big build up by Jobs and company, and helped to define the MP3 HDD jukebox sector. Although initial sales were to the MAC crowd, this is a growing market with next generation products being designed as we speak.
The Odyssey 1000 is one such next generation product.
rr,
the conclusion that the ipod turned apple around. While it did generate revenues I am not certain it was profitable.
And if you look at their 1 year chart, no turnaround is indicated.
aus, you don't need a guarantee when product failure is not an issue...
From my understanding Apple offered a $50 rebate on the purchase of a new ipod...making your effective cost per ipod $950...and it still doesn't listen.
rr, I don't think you can draw that conclusion.
Their advertising budget has to figure into the cost of the iPod on top of their manufacturing costs. And don't forget their $50 rebate to all those lucky $500 ipod owners who will be replacing their ipods when the battery dies next summer...IF they buy another ipod again...
Hopefully next time around they won't let the Apple marketeers influence them in their next jukebox purchase...
There is an ipod killer out there for $349, and it listens as well as plays.
SO previous results dictate future revenues ?
Should all companies reporting losses cease doing business ?
Are you aware that EDIG is conducting business in arenas other than the MP3 market ?
Has management not taken measures to cut its overhead dramatically from the previous two quarters ?
Is the Odyssey 1000 a new product without much sales history beyond selling out its initial run in just two weeks ?
Do you spend an inordinate amount of your day compiling endless anti-edig perspectives ?
Cassandra apparently believes
EDIG cannot reach profitability on a successful Odyssey 1000 product line, based on her analysis. Trying to extrapolate from a small initial launch, is of course, misleading.
Any company projecting their future based on a low initial product run would likely come to the same conclusion.
I wonder when the iPod turns (turned) profitable.
W_W, how could I disagree with you ?
After all, your exit signal at $.22 was a brilliant call.
Missed your first buy signal, unfortunately...when was that ?
I didn't know you did family trees too !
They will continue to manufacture more Odyssey 1000s.
And I believe management stated they hope to have more available this quarter.
Management will continue to leverage the Odyssey 1000 opportunity by increasing production of a product whose time has come, since it is obvious that this product has a market with a back order yet unfulfilled, all without any real marketing efforts.
As a result, I expect to see a cash infusion and very likely a shift in management/board, as we approach the new fiscal year.
It was about this time in '01 when a management shift occurred as EDIG attempted to go retail. Having adjusted to the realities of the current economic environment and a lesson learned in retail, I would not be surprised to see some new leadership as well.
50+,
Cell phones and MP3 are happening. Cell phones have long been a target market for EDIG's proprietory technology. To date, it appears there has not been any success entering this space, but as these technologies continue to merge in an improving economy, the possibility not only exists but is more likely.
Again, a deal in this arena would have a huge impact on this company. With wireless now part of EDIG's business model, the day could come where your sleuthing may prove on target.
competition at a higher price with less features...
Wireless Industry: Defying Economic Trends with Growth and Investment
NEW ORLEANS--(BUSINESS WIRE)--March 17, 2003--Tom Wheeler, President and CEO of the Cellular Telecommunications & Internet Association (CTIA), and Tim Donahue, President and CEO of Nextel Communications and Chairman of the Board of CTIA, today announced a range of wireless metrics from the Day One keynote stage of CTIA WIRELESS 2003 in New Orleans.
"Let's start with an industry that had almost 141 million subscribers at the end of 2002," said Wheeler. "That's about 10% growth since December 2001, at the same time other telecom segments are losing ground."
"During 2002 total wireless minutes of use increased 36% over 2001! And in the last six months of 2002 individual wireless subscribers' usage grew faster than in the first six months," added Donahue.
Wheeler and Donahue also exulted at the expansion of the wireless data market. "The growth in wireless data revenue suggests that we are on track for data revenue in 2003 easily in excess of $1 billion," said Wheeler.
"For the last six months of 2002 the wireless industry did almost half a billion dollars in non-voice data revenue. From December '01 to December '02 data revenue grew by 33%," added Donahue.
Total Six-Month Service Revenues Rise 16% -- U.S. wireless carriers earned service revenues of $39.8 billion in the last six months of 2002, up from $34.4 billion for the last six months of 2001.
Minutes of Use Up More Than 35% -- Total billable minutes of use (MOU) for 2002 reached 619 billion -- up 35% from 456 billion for 2001.
Wireless Investment Up Nearly 21% -- Wireless carriers reported $126.9 billion in total cumulative capital investment as of December 2002 -- up 20.8%, from $105 billion, as of December 2001.
Total Wireless Subscribership Up Nearly 10% -- Overall wireless subscribership increased to 140.8 million by December 2002, from 128.4 million as of December 2001.
re Apple: I thought problems like this only happened to EDIG ?
"For weeks rumors swirled that Apple was on the verge of replacing its 5GB, entry-level model with a model that offered twice the capacity at the same price, $299. Instead, for much of the past two months the low-end model has been listed on Apple's online store as "temporarily unavailable," leaving the $399 10GB model as the cheapest iPod available.
The low-end model is also unavailable through most other outlets. Dell, which started selling the iPod in October, still lists the 5GB Windows iPod on its site, but quotes a waiting time of more than 3 weeks. Amazon has been stating for some time that "This item is not stocked or has been discontinued."
An Apple representative on Monday reiterated Apple's position that the 5GB models are "temporarily" unavailable and would not elaborate further.
The situation has frustrated some on Wall Street, including Needham analyst Charles Wolf, who sees the iPod as a potential billion-dollar market for Apple, if the company could expand, rather than contract, its lineup.
"If they could hit $199, they'd have a 25 percent share" of the market for MP3 players, Wolf said. "It would sell like crazy."
austonia, tinroad's got you pegged. As for the independent review...
CNET Editor's rating: Editors' rating = 8.0,Very good
Design 8
Features 8
Performance 8
jdtiii,
my loyalty is to my due diligence with respect to a growing product line based on patents, whose markets have global appeal, whether we are talking an Odyssey 1000 or the licensed technology platforms.
Management has shifted on more than one occasion over the years. I applauded and supported bringing Collier on board and the change it appeared to be bringing last year. Your assumption that I have a loyalty to an individual is incorrect.
However, I see no point in going public slamming management at every turn. The economy turned against the overall markets. Severely depressed PPS, shrinking revenues and diminished capital spending are symptoms of the weakening economy and not an EDIG phenomenon. However, some here would want you to believe it is only EDIG having difficult times.
EDIG can and will likely be profitable.
I sense some interesting revelations.
jtdiii,
I am "comfortable" with the product mix and engineering talent that is leveraging the patented technology, the microOS 3.0, into a more diverse product line, from the O-1000 to IFE, Eclipse and now wireless with Hewlett-Packard and others. I own many of the products and they are good.
I was "comfortable" with what appeared to be a shift into the retail space with a new management team and business model that looked to have the experience to make the move to retail.
I am "comfortable" with management's reaction to the Collier regime's failed business model by instituting a reduction in overhead while bring a new product line to market with minimal resources and shifting the model back to one more appropriate to the company's current financial position.
We all hoped Collier would have achieved success with his plan. His projections were where I would have liked to see this company go. However, due to a contracting economy and shrinking share price, they were unable to raise the necessary capital to successfully penetrate the retail space at that moment in time. That's the reality with which we all must deal. That's not to say EDIG will not return to that space in the future.
My investment is in the company's technology, products and market potential. Management may come and go and I stated that with the products being what they are, it is time for management to execute.
What cheerleading ? I love what you read into my posts.
I agree that management buying at these levels would send a clear signal to the shareholders that they intend to achieve success. And although they already hold a large position, they need to step up.
Until I see a better plan from which to select, I will support the management team unless I see them being inappropriate with funds or until there is a better solution. It is the Board who has the fiduciary responsibility to enact changes. I like Collier and his vision. Things didn't work out and we have to live with that reality. Falk had to step in and take the reigns back as he recognized the plan was underfunded. EDIG is afloat today partially due to management recognizing the retail model was not making it. Perhaps they should have recognized it sooner, but none the less, it is what it is.
Management may change but the technology and product mix remain. There is a market for what EDIG brings to the table.
So you continue to accumulate. Please give your reasons.
Sinkman,
The fact that EDIG is requiring less and less money from issuing stock could mean that revenues from new business continues to increase. I am hearing that most of the capital generated from the initial launch of Odyssey 1000s has been largely pumped back into manufacturing for additional product for market.
Regarding the O-1000, they've got it right, IMO. The exterior is sexy, the sound quality excellent, ease of use via the scroll or voiceNAV and an excellent value for the gigabyte.
Firmware upgrades will take care of most other issues.
I wonder how many hours the ipod owners have left on their $500 purchase ?
Glad EDIG isn't facing serious issues like that.
Next up I'd like to see the O-1000 with the 1.8 hard drive...next generation product ???
phoenix,
I agree. That was the Collier regime. That is not the case today and investors have more information as to the product direction today than they did last year.
Still, everything hinges on execution and an economic environment conducive to doing new business.
That day is coming, IMO.
docmartini, from the EDIG website: Q: What is e.Digital’s business outlook for the next 6 months?
A: Our business is improving and we are expanding each of our revenue sources: NREs, royalties, licensing, product sales, and OEM product sales. Our focus in 2003 is on increasing our branded sales of the Odyssey 1000 and licensing the Odyssey 1000 platform--including our MicroOS and VoiceNav® technologies--and derivatives thereof, video products and applications for both home and portable use, automotive audio and telematics applications, and incorporating wireless protocols into our designs for OEM customers.
We continue to cut costs. Since June 2002 we have reduced our monthly overhead by over 40%. Based on revenues recognized so far this quarter we expect revenues for our fiscal Q4 will exceed the Q3 revenues of $643,000. Based on expected increasing Odyssey 1000 sales as well as revenue derived from the Eclipse by Fujitsu Ten automotive stereo project, IFE systems, and other OEM projects and products, we expect revenues to significantly increase in the following quarter (fiscal Q1 2004).
doctormartini, if you think this company's products are relevant to the emerging digital world, from the Odyssey 1000 to IFE, auto infotainment and wireless, then you are looking at this issue near its lows.
The price erosion is occurring on light volume in an overall bear market. The company has streamlined its business model and is engaging multiple industries with global markets. While they are certainly not out of the woods, they have never been closer to successful product lines gaining market acceptance.
And although there is risk in any investment, from Enron to Tyco to Kmart to Cisco, etc, EDIG will likely survive this economic downturn engaged in several deals, any of which could make a tremendous impact on the business of the company.
Real money is made by accumulating in size, near the lows, when it appears that no one else wants it. Figuring when that is, is another story.
Buy low, sell high, while sounding easy, rarely is.
Good luck with whatever conclusions you draw.
Last 10 trades
Time Price Volume Exchange Info
15:59:31 0.180 16000 OTCBB
15:59:20 0.180 5000 OTCBB
15:48:23 0.175 5000 OTCBB
15:39:40 0.180 20000 OTCBB at Ask
15:39:35 0.175 20000 OTCBB
15:37:39 0.175 10000 OTCBB
15:33:11 0.175 100 OTCBB
15:18:57 0.175 1400 OTCBB
15:06:31 0.180 3000 OTCBB at Ask
15:04:48 0.175 3600 OTCBB
lotta good its done their PPS: creaf just off its 52 week low
Latest Quote
Last: 5.890
High: 5.930
Low: 5.790
Open: 5.790
Change: +0.11
Volume: 7,200
52 Wk High: 12.750
52 Wk Low: 5.550
EPS: $-0.28