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Hey, Fred -- Another OT:
http://www.oneshare.com/exec4/index.asp?
Have you seen this website? It's kinda kool!! Great way to send someone (or yourself) a thoughtful/appropriate gift that might even someday actually appreciate in value (once this bear market is over)!!
Good way to fill up that open spot on the wall in your den (next to all those GMGC certificates!!).
I just wish these guys were still public . . . they had an awesome-looking stock certificate:
http://www.ringling.com/explore/history/
Good hunting!!
v
OT: Fred --
If you have 30 minutes or so to spare and you're one of those investors who believe that earnings actually have something to do with stock prices (weren't too many of us two years ago, but the ranks are growing more recently!), you might wanna go poke around at this site:
http://www.standardandpoors.com/PressRoom/index.html
Especially look at "Standard & Poor's To Change System For Evaluating Corporate Earnings" (under "HOT TOPICS") and "Corporate Earnings Documentation" where "Measures of Corporate Earnings" details S&P's methodology and where the earnings of Cisco, GE and Tricon Global are reviewed, showing the difference between these companies' various types of reported earnings and the "core" earnings as defined by S&P . . . it's very interesting.
The bottom line is that S&P will soon be reporting the "core" earnings for companies and for indices, which among other things includes the expense of stock options that the majority of companies are not now including in their reported earnings. (S&P points out that only 2 companies in the S&P 500 Index currently include employee stock-option grants as an expense item in their income statements . . . if stock options were included as an expense, it would have lowered the earnings of the companies in the S&P 500 by 10%, on average, last year.)
Here are a few snippets to whet your appetite:
"For over 140 years, Standard & Poor's has stood for the investor's right to know. Central to that objective is a clear, consistent, definition of a company's financial position," said Leo O'Neill, president of Standard & Poor's. "The increased use of so-called pro forma earnings and other measures to report corporate performance has generated controversy and confusion and has not served investor interests. Standard & Poor's Core Earnings definition will help build consensus and restore investor trust and confidence in the data used to make investment decisions."
"A number of recent high profile bankruptcies have renewed investors' concerns about the reliability of corporate reporting," said David M. Blitzer, Standard & Poor's chief investment strategist. "From the work we have just completed, our hope is to generate additional public discussion on earnings measures. Once there are more generally accepted definitions, it will be much easier for analysts and investors to evaluate varying investment opinions and recommendations and form their own views of which companies are the most attractive."
Beginning shortly, Standard & Poor's will include the components of its definition for Core Earnings in its COMPUSTAT database for the U.S., the leading source for corporate financial data. In addition, Core Earnings will be calculated and reported for Standard & Poor's U.S. equity indices, including the S&P 500. Finally, Standard & Poor's own equity research team, which provides opinions on over 1100 stocks, will adopt Core Earnings in its analyses.
Just something more to ponder re the overall investment equation . . .
v
Fred --
I don't need JohnM to remind me . . .
My wife reminds me nearly every day, much to my chagrin!!
Good thing I'm so handsome and humble, or she woulda left me a long time ago for a smarter, richer man!!
But seriously, JohnM has a great feel for companies and the markets, and his past prognostications have been better than most . . . it would be prudent to seriously consider his perspectives. And I'll be the first (well, probably not the first) to admit that things don't look good right now.
But while there's still life, there's still hope. In GMGC's case, they may yet be able to pull an ace out of the hole, e.g., an actual contract with IBM, GE, C and/or someone else that puts some real $$$$$ into their pocket . . . but it better happen pretty soon. If so, the stock's upside from the current price should be very rewarding. If not, well, my income will be at least partially tax-sheltered for decades to come.
Since I'm still long, I'm obviously betting that they make it. If not, my wife may single-handedly alter the male life-expectancy tables toward the downside.
v
GG -- Thanks - mystery solved. EOM
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 13, 2002--General Magic,
Inc. (Nasdaq:GMGC), a pioneer in voice application software and
services, today announced that it has received approval from The
Nasdaq Stock Market to transfer its listing from the National Market
to the SmallCap Market effective at the opening of business today. The
Company's securities will continue trading under its current symbol:
"GMGC".
"Listing on the Nasdaq SmallCap Market enables General Magic to
maintain a liquid trading profile on a well-regulated and transparent
market for the benefit of all General Magic stockholders," said David
Russian, chief financial officer of the Company. "We are pleased that
our application to transfer to the Nasdaq SmallCap Market has been
accepted, since this will provide the Company with additional time,
until August 13th, to execute our business plan and to comply with the
Nasdaq Stock Market's $1.00 minimum bid price requirement. In the
event we do not meet the minimum bid price requirement by the August
deadline, then Nasdaq can grant us an additional 180-day grace period,
or until February 10, 2003, to regain compliance, if we meet the
"core" initial listing requirements for the Nasdaq SmallCap Market as
of that date, principally, a $5 million stockholder's equity
requirement."
"We continue to evaluate all necessary alternative courses of
action to ensure our continued listing on the Nasdaq Stock Market."
About General Magic
General Magic is a leading voice infrastructure company that
provides software and supporting voice dialog design and hosting
services that enable companies to quickly and efficiently provide
anytime, anywhere access to information and services over the
telephone. General Magic's VoiceXML-based solutions enable businesses
to easily integrate voice access into enterprise applications using a
broad selection of speech recognition technologies and telephony
interfaces. These solutions help businesses improve customer
relations, deliver value-added service and provide unlimited access to
content. General Magic is headquartered in Sunnyvale, Calif. For
additional information, visit http://www.generalmagic.com.
Wmgsmith --
Microban's a different company . . . here's the scoop:
http://www.microban.com/
v
Wmgsmith --
Thanks for the insights . . . yes, seems like AlphaSan could be different than microban. I'll try to check it out further from this end. Appreciate your comments.
v
Speaking of antimicrobial applications, I'm not sure if this has been discussed here before, so I'll mention it as an FYI for whomever might be interested:
Last night while trying to watch a ballgame, I was frequently distracted by my wife who was thumbing through various magazines and constantly asking me my opinion on buying this or that item for the household. I was about to politely excuse myself and move to another TV room when she said, "Should we buy an antimicrobial cutting board for the kitchen?" Well, after I fell off my chair, dropped the remote and spilled my Pepsi, she said, "So I finally got your attention, huh?!"
What she was reading was the Winter/Spring 2002 edition of Tupperware, and yup there on page 13 was a nice-looking cutting board with the following description:
"New! Chef Series Cutting Board & Scoop with Antimicrobial Agent. Professional-grade design is the first in the world to include AlphaSan, a cutting-edge material that inhibits the growth of mold and mildew that can cause odor, discoloration, deterioration and decay in or on the surface of the board. With proper care, AlphaSan will last the life of the board."
In checking it out this morning, AlphaSan is produced by Milliken & Co., a privately-held company in Spartanburg, SC.:
http://www.antimicrobialalphasan.com/
So while it turned out to be a false alarm (I was obviously hoping BSTI would be involved . . . but we're buying the board anyway!), this is another great example of the many possible uses of antimicrobial agents and the large markets which should be capable of supporting a number of competitors. (Milliken's antimicrobial is a different chemical compound than BSTI's, and thus may not compete directly in various applications.)
v
Pezman --
Dear Sir:
This is to advise you that your complaint has been received, duly noted and filed with our department, along with 4,236,791 similar letters and e-mails received by us during the past seven days from other disgruntled stock-market traders and investors.
Rest assured that we are doing everything in our power to turn the market around, but a large degree of patience is sometimes required in these matters. While such endeavors of ours to return the market to an upward-sloping trajectory can be frustratingly ineffective for short periods of time due to economic and other factors beyond our control, please note that our long-term record in this regard has been exemplary.
In the meantime, regarding your particular stock's "pitiful" price action, we would merely point out once more for your consideration that past performance is not necessarily indicative of future results.
Thank you for your continued interest in, and sponsorship of, the U.S. stock market.
Yours Truly,
Stock Market Complaint Department
P.S. -- Should you ever decide to IPO your PEZ-dispenser collection, please contact our Underwriting Department.
Hey, Fred!!
Well, while all us longs are waitin' patiently for that proverbial "next year," see the article below for another (relatively painless and fun) way to try making some money . . . a cool grand!!
(Is it Speechify Helen, or is it the real Helen . . . or is it, in fact, really GMGC's "Mary" in disguise??!!)
v
-- Calling All Humans to Take the Speechify Challenge! Is it Real Helen or Is It --
Speechify Helen?
BOSTON--(BUSINESS WIRE)--April 25, 2002--
Visit www.speechifychallenge.com and Hear for Yourself Just How Real
TTS Can Sound
Think you've heard it all about automated voices that sound just
like a real person? We don't think you have...yet. Starting today,
SpeechWorks International, Inc. (Nasdaq: SPWX), the global leader in
speech recognition and text-to-speech (TTS) technologies and services,
invites you to take the Speechify Challenge to hear for yourself TTS
so real it actually sounds like a natural voice. Visit
www.speechifychallenge.com and cast your vote for the "Real Helen" or
"Speechify Helen." Take a listen on the website and you will be
entered into a drawing to receive American Express gift certificates,
one worth $1,000!
During a recent test, even industry analysts had difficulty
distinguishing between Real Helen and Speechify Helen. "The Speechify
Challenge represents an industry first, " said Rachel L. MacAulay,
senior analyst of Voice & Wireless Commerce at The Kelsey Group. "It
sets a precedent for the text-to-speech market by running a comparison
against real speech. This is a bold move on SpeechWorks' part."
The Speechify Challenge is based on the Speechify 2.1 TTS engine
from SpeechWorks, software that takes written text and expresses it as
spoken language.
OT: Matt and NoMo --
Thanks, guys . . .
this is one great example of why I luv IHUB.
v
Fred -- LOL!!
Great observations, as usual . . .
Now where the heck is Bill Murray when we need him? . . .
Maybe he could entice that critter outta its burrow!!
v
Fred --
Very interesting . . . thanks for the find.
(You and Bob Z. related? You two never seem to sleep!)
Are you charting this one yourself? The volume/price move over the past few days looks like a bit more than would have been generated (if any) by the mild pumping attempt going on over at RB -- not that I look at RB, ya understand . . . a buddy told me about it
In any case, getting through the $0.28-$0.30 level, if it happens on decent volume, would seem to indicate (to my untrained TA eye) that a pretty savory treat (i.e., a lot more upside) is in store for us . . . . but ahhh-h, those slips 'tween cup and lip!
Hey, OT but still speaking of potential big bucks, did ya hear on CBS news where somebody figured out -- regarding the odds of winning last nite's $325 million Big Game lottery -- that you would be 61 times more likely to be attacked by a flesh-eating virus??!! Wow, now there's a graphic revelation for ya, huh? If I were addicted to lotto gambling, I think that one would stop me dead in my tracks . . . just hearing that the odds are 16.3 gazillion-to-one doesn't quite have the same impact!! So let's see . . . what kinda odds can we put on GMGC eventually getting back to $1.00+? Gotta be better than playin' lotto, eh?
v
Vince --
Thanks for the contribution, and we're looking forward to your continued participation. Yes, boating and restaurants are natural end-markets for BioShield, and just the tip of the iceberg. We're all hoping that "BioShield to the Rescue!" will be our slogan going forward.
Welcome aboard!!
v
GG --
Re the "natural progression of the various applicable uses," looks like there may be more than just one division within Taylor Made's family of companies that could benefit from BioShield's products:
http://www.taylormadegroup.com/frames/fshome.html
Regards,
v
SUNNYVALE, Calif., April 10 /PRNewswire-FirstCall/ --
General Magic, Inc. (Nasdaq: GMGC), a pioneer in voice infrastructure
software, will announce its first quarter 2002 earnings on Wednesday,
April 24, 2002.
A press release will be transmitted to the news media immediately
following the close of the market on April 24th. The company will also hold a
conference call to discuss the results at 1:30 p.m. PDT.
Those wishing to participate should call 630-395-0020 using the password
"General Magic" at approximately 1:20 p.m. PDT. A replay of the call will be
available for two weeks by dialing 402-220-3489. A webcast of the conference
call will be available until May 24, 2002 on www.generalmagic.com.
Pez, Fred, et alia -- FYI, if you have some time and haven't seen it already, go to:
http://info.alexa.com/data/details?url=http://www.generalmagic.com
And take a look around, including the "Related Links" section, then the "Go to Site" for each link . . . lots of great information on competitors, products, etc. Here's a sample:
Zvon Voicexml Reference
zvon.org/xxl/VoiceXMLReference/Output/index.html
Voicexml Version 1.0 Specification
www.voicexml.org/specs/VoiceXML-100.pdf
Voiceml
www.voiceml.com/
Unrecord
www.unrecord.com/
Loquendo
www.loquendo.com/us
Elvira - Voicexml Interpreter For Desktop
www.fi.muni.cz/lsd/elvira/main.html
Ejtalk -- Human-computer Conversational Systems
www.ejtalk.com/
Tellme Studio
studio.tellme.com/
Voicegenie Developer Workshop
developer.voicegenie.com/
Nuance-products-voice Web Portal
www.nuance.com/products/voicexml.html
Good hunting!!
v
Taylor Made, Leading Supplier to the Boat and Marine Industry, Starts Using
BioShield's Antimicrobial Technology
ATLANTA, April 10 /PRNewswire-FirstCall/ -- BioShield Technologies, Inc.
(OTC Bulletin Board: BSTI) announced today that Taylor Made Products, one of
the leading suppliers of Boat & Marine products in the U.S., starts
development of an enhanced product line applying BioShield technology in their
boat fenders and boat covers this month, and plans an aftermarket product
line.
"The chronic problem of mold and mildew in our industry is of great
concern to us and we believe this new application of BioShield's technology,
distributed by Higgins Industries, creates a new era of control and protection
for a variety of our products," said Dennis Flint, President of the Taylor
Made Group.
BioShield's Management stated, "While we are not working directly with
Taylor Made, we have established a great relationship with them and we're glad
to be working with Higgins Industries to supply them with our products. We
believe this is the beginning of an incredible opportunity and this latest
advancement demonstrates just one sector of the marketplace where BioShield's
products can make a significant impact."
"We are really enthusiastic about the possibility of using the EPA
approved antimicrobial mold & mildew protection on our fabrics. We are
exploring the possibility of applying these antimicrobials to both our boat
cover and bimini top product lines. We are also in the initial stages of
testing the durability of them on our fender and buoy products, as well as
developing an exciting line of aftermarket products," said Jason Pajonk,
President of Taylor Made Products.
ABOUT BIOSHIELD
BioShield Technologies, Inc., is a Georgia-based biotechnology and
antimicrobial products company. Its core business is committed to the
discovery, development, marketing and sale of surface-modifying antimicrobial
and biostatic products. The company's antimicrobial technology is a
revolutionary alternative to conventional sanitizers, disinfectants, bleaches,
biocides or preservatives primarily because it kills bacteria, including HIV,
on contact and can remain active for extended time periods. To date BioShield
has received three US patents and eight EPA registrations, including the first
U.S. germ killer and disinfectant against Salmonella cholerasuis,
Staphylococcus aureus and other microorganisms. The company has developed
several alliances in different industries, such as healthcare, textiles and
stormwater.
Further information on BioShield and its line of products can be found by
visiting the firm's web site at http://www.bioshield.com, or by calling
1-770-925-3653, Tim Moses.
About Taylor Made Products:
A member of the Taylor Made Group, Taylor Made Products is one of the
world's leading suppliers of boat and marine aftermarket products.
Headquartered in Gloversville, New York, The Taylor Made Group has 93 years of
experience as one of the recreational marine industry's largest, most
diversified manufacturers and suppliers. Other companies in the Taylor Made
Group include Taylor Made Products, Taylor Made Systems and Taylorbrite LLC.
The group has 17 facilities in the United States, Canada, the Republic of
Ireland, United Kingdom, Italy, Australia and New Zealand. Employing over
1,100 associates, its products are marketed through a worldwide distribution
network.
Pez -- Speaking of SPWX, if you haven't seen it yet here are some recent comments from the software analyst at Salomon. Sorry for the length of the article, but there are a few interesting tidbits of info in here relating to speech recognition among all of the wireless commentary:
VC-CARRIER EVENT PROVIDES SNAPSHOT OF WHAT'S HOT/WHAT'S NOT IN NEXT-GEN
WIRELESS
Wednesday we attended a VC-carrier round-table event in the Valley focused on
financing, data-center penetration strategies, and "what's hot, what's not" in
next-gen wireless. Attendees included British Telecom, Deutsche Telekom,
Telecom Italia Mobile, and SK Telecom -- and a collection of venture players
trolling the waters for opportunities in chipsets, smart antennas, messaging,
Operations Support Systems (OSS), telco billing, and various flavors of
middleware. The dynamic was reminiscent of the recent CTIA show, with junior
vendors trying to penetrate the carrier data center for the all-important first
big deployment, while carriers ponder how to 1) offset eroding voice revenue
density with value-added data services; 2) be first to market with an
(obviously impossible) risk-free, pre-proven applications bundle; 3) improve
network management, provisioning granularity, and QoS, and 4) cut operating
costs. The following summarizes:
802.11 WLAN -- 2.5G PACKET WIRELESS INTEROPERABILITY
Given traction of high-speed wireless local-area networks (WLANs) in the
enterprise and the mass market via independent operators such as Boingo and
Sputnik, mainstream carriers are interested in software that will allow
subscribers to hop between 802.11 and 2.5G packet-wireless. Touted as a "3G
killer," 802.11 provides short-range wireless data speeds from 2 -- 54 MB/sec
(11 MB/sec on 2.4GHz for the "b" variant; 54MB/sec on 5 GHz for "a"). This is
illustrated by VoiceStream, which plans to link its GPRS network (rolling out
in late '02-03) with the 802.11b assets it acquired from MobileStar in January.
Initial service delivery will be via PC aircards, with handhelds to follow.
802.11/GPRS/CDMA 1x interoperability implies formidable software challenges in
network handoffs, voice integration, QoS, billing, and security that should
keep developers busy for years.
TCP/IP OVER WIRELESS REMAINS THORNY
Despite the much-bemoaned failure of early WAP services, the convergence of
wireless and the Internet remains a tectonic telecom trend. This is driven by
1) major content, portal, and media players eager to exploit the mobile
channel; 2) equipment and software providers such as Cisco, Sun, Oracle, and
Microsoft, and 3) enterprises seeking to leverage webified supply chain and
productivity tools. While it is conventional to dismiss the underlying
infrastructure as "collectively commoditized WAP gateways," there is much more
to the challenge of integrating voice and data, allocating bandwidth,
differentiated QoS, managing devices, IP addressing, security, and billing.
From the carriers' perspective, it remains early days in terms of delivering
TCP/IP over wireless.
CONFLICTING SIGNALS ON INFRASTRUCTURE VS. CONSUMER VS. ENTERPRISE
Venture-stage investors continue to wrestle with wireless software/services
strategies -- namely, is it best to target network infrastructure at the
carrier level, the consumer, or the enterprise? We confess to having come
full-circle at least twice in the past two years. The "arms dealer" appeal of
infrastructure is obvious. Messaging gateways or SIP-stack enabled
softswitches, for example, are going to be installed in the network regardless
of whether the branded portals, handset vendors, or carriers win the battle to
"own" the mobile subscriber. With the demise of advertizing-driven Web
business models, it has been fashionable to shun the mass market in favor of
carrier-centric strategies, but in the words of one operator, "at the end of
every device is a consumer." One of the most salient wireless data
developments thus far in 2002 has been the resurrection of "enterprise
enablement" -- a market tagged early to drive adoption, but which was slow to
bear fruit given the confluence of brittle circuit-switched networks and
cumbersome middleware. Not surprisingly, the beneficiaries have been
enterprise software majors like Microsoft, Oracle, and Siebel rather than the
alphabet soup of junior players that launched the first wave. Suffice to say
that the infrastructure-consumer-enterprise debate remains more lively than
ever among VCs and network operators.
UNSUNG HEROES: NETWORK MANAGEMENT SOFTWARE & OSS/BSS
We are strong believers that wireless data services introduce a multitude of
third-party content, hosting, messaging, Service Level, policy, and wireline
players into what has traditionally been a carrier-subscriber-voice minutes
relationship. That is, in order for the much-prophesied wireless Instant
Messaging, Unified Messaging, commerce, or premium alerts services to actually
function, there are suddenly multiple layers of switches, servers, routers,
multiplexers, and gateways involved that are totally beyond the control of the
wireless network operator. In this way, what was once a simple two-party
telephony relationship (or three with roaming) now begins to look much like an
e-commerce value chain, with most of the complexity actually on the wireline
side of the cloud. Similarly, IP-billing remains a major stumbling block for
the deployment of packet-data services, and the European operators at the event
(generally more advanced than the U.S.) pleaded to keep business models as
simple as possible -- noting that tiered-usage or value-based software models
might play well to investors, but simply cannot yet be reliably billed for. We
note that GSM-GPRS handoffs at the edge of metro areas are creating billing
headaches, as is basic prepaid SMS/data. Discourse on this subject continues
to be humbling.
MULTIMEDIA MESSAGING (MMS) -- INTERIM PRODUCT, NOT 3G ROI MESSIAH. ALL EYES ON
IM
Interestingly, there was much less discussion of MMS as an ARPU driver than
commonly heard in Europe (for example at the Cannes 3GSM show) -- perhaps
because simple SMS is just gaining traction in the U.S. We continue to regard
MMS hype as emblematic of the industry's desperation -- and believe that it is
an interim product bridging SMS and full-featured wireless Internet. The
probability that wireless picture postcards or audio clips will salvage the 3G
ROI proposition is remote. VCs and carriers at the event were much more
focused on wireless email and Instant Messaging, which leverages the U.S.' Web-
savvy demographic.
MULTIMODAL ACCESS -- WEAVING SPEECH RECOGNITION INTO THE FABRIC. COST-CUTTING
IS KEY
Speech recognition, as they say, is at the tip of everyone's tongue. We
believe speech is at the core of the converged network, along with multi-modal
access -- or blending voice and graphics (for example request a map or stock
chart verbally; receive it graphically).
Consistent the rest of our CommSoft coverage, we see telcos focused on boosting
margins through operating cost cuts. Thus, it is not surprising that speech
deployments dwell on "nuts and bolts" automated directory assistance and
customer care functions, rather than futuristic voice portal or unified
messaging "nice to haves."
While operators are keen to boost ARPU, they are hesitant to spend on next-gen
revenue creation tools, and cost control has assumed center stage amid a
general industry slowdown -- not to mention the liquidity jitters precipitated
by Sprint, Qwest, WorldCom, Williams, and Global Crossing. While capital
budgets capture the headlines in terms of large-cap equipment vendors, the real
money is operating costs, and the objective to boost margins by attacking
operating pain points. We regard network management software and speech
recognition as prime beneficiaries of this dynamic.
LOCATION BASED SERVICES, M-COMMERCE, BLUETOOTH -- THE SILENCE IS DEAFENING
At Wednesday's event (and consistent with our conversations with investors),
there was a singular lack of interest in location-based services, mobile
commerce, and Bluetooth. Much has changed in the last year. Carrier
representatives bemoaned the ineffectiveness of regulatory impetus for LBS
(through E-911 mandates) in spurring viable consumer services. M-commerce is
regarded as a fantasy in a U.S. market where SMS is just beginning to gain
traction -- and technically impossible prior to the widespread deployment of
2.5G packet wireless. Bluetooth appears to be a "solution in search of a
problem," and however complementary to WLANs as it may be, appears to have been
lost in the 802.11 buzz.
COMMSOFT STRUGGLING AMID TELECOM SHAKEOUT -- BUT IT'S THE SOLUTION, NOT THE
PROBLEM
CommSoft stocks have been punished amid the telecom shakeout, with our market-
capitalization weighted composite falling 29.2% year to date -- and no near-
term catalysts from wireless data, cable MSOs, wireline network management, or
enterprise IT spending. Our stocks are trading at 2-3x 2002E revenues and 1.3-
1.8x 2003E (excluding several negative-enterprise-value names). Nevertheless,
intelligence in the network continues to go "soft," and we believe that core
cost-cutting and revenue-creation tools in network management, speech
recognition, and wireless data are part of the solution, not the problem.
Taking a full-year 2002 view, we continue to favor Openwave Systems (OPWV, 1H,
$6) and Micromuse (MUSE, 1H, $9) -- followed by speech recognition names
SpeechWorks International (SPWX, 2S, $8) and Nuance Communications (NUAN, 2S,
$6).
SUNNYVALE, Calif., & DALLAS--(BUSINESS WIRE)--April 8, 2002-- General Magic,
Inc. (Nasdaq:GMGC), a pioneer in enterprise voice infrastructure software, and
InterVoice-Brite, Inc. (Nasdaq:INTV), a leading global provider of
speech-enabled automation solutions, today announced the completion of an OEM
partnership agreement covering product integration and joint marketing
initiatives.
Under this agreement, iVB Enterprise Solutions Division will market General
Magic's private-labeled version of its magicTalk(R) Enterprise Platform to
provide automated voice solutions within J2EE environments. By bundling General
Magic's platform with InterVoice-Brite's OneVoice(R) VoiceXML Media Gateway,
enterprise customers will experience improved interoperability and optimization
for voice-enabling Web applications.
In turn, InterVoice-Brite will deliver a private-labeled version of its
OneVoice VoiceXML Media Gateway to General Magic, enabling the company to offer
enhanced telephony/CTI connectivity features to the broader voice application
customer service industry.
"With a growing demand to voice-enable the enterprise, this partnership not
only underscores the ubiquity of voice as a reliable and natural user interface
but also marks the movement of traditional IVR technology from call centers into
enterprises' Web infrastructures," said Mark Plakias, The Kelsey Group. "The
relationship represents an excellent opportunity for both companies to develop
additional indirect sales channels for their products while moving their
respective product offerings forward."
About iVB
Enterprise Solutions iVB Enterprise Solutions, a division of InterVoice-Brite,
Inc., has nearly two decades of experience in the development and deployment of
speech and call automation solutions serving millions of enterprises' customers
worldwide. The Company has implemented speech-driven applications for travel and
flight information, banking-by-phone, stock quotes and trading, hospital and
pharmaceutical call directors, customer service and many more service
applications. Products from iVB Enterprise Solutions are deployed to extend
market reach, reduce costs and boost overall customer satisfaction. In addition,
iVB Enterprise Solutions operates as a managed services provider, delivering
products and services to enterprises ranging from monitoring and surveillance,
disaster recovery, overflow ports and application hosting. For more information
about iVB Enterprise Solutions, visit http://www.intervoice-brite.com.
About General Magic
General Magic is a leading voice infrastructure software company that provides
enterprise-class software and supporting voice dialog design and hosting
services that enable companies to quickly and efficiently provide anytime,
anywhere access to information and services over the telephone. General Magic's
VoiceXML & J2EE(TM)-based solutions enable enterprises to easily integrate voice
access into enterprise applications using a broad selection of speech
recognition technologies and telephony interfaces. These solutions make voice a
strategic tool in helping businesses improve the customer experience, reduce
transaction costs, and provide high quality, voice branded access to content and
services. General Magic is headquartered in Sunnyvale, Calif. For additional
information, visit www.generalmagic.com.
General Magic and iVB note that certain statements in this press release are
forwarding-looking and are based on company management's current expectations.
Forward-looking statements in this press release, such as managements' belief
that the partnership agreement between the companies will represent a
multi-million contract, while based upon management's current expectations and
belief, which management considers reasonable, are subject to certain known and
unknown risks, uncertainties and other factors inherent whenever management
attempts to forecast the future that may cause industry trends, or actual
results, performance or achievement to be materially different from any future
trends, results, performance or achievements expressed or implied by these
statements. You are cautioned not to place undue reliance on any forward-looking
statements. Risk factors that could cause future results to differ from
managements' expectations are detailed in each company's filings with the
Securities and Exchange Commission. In the case of General Magic, such risks and
uncertainties are detailed in General Magic's Annual Report on Form 10-K filed
with the Securities and Exchange Commission on April 1, 2002.
General Magic and magicTalk are trademarks of General Magic, Inc., which may
be registered in some jurisdictions.
Hey, Fred! This is not exactly "new news" (already been announced by management), but it's obviously not encouraging to see it in print. Wish it would have come out yesterday, though -- like a cruel April Fools' joke
02-Apr-2002 15:12 DJ *DJ Auditor Doubts General Magic Can Remain 'Going Concern'
v
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 27, 2002--General Magic,
Inc. (Nasdaq:GMGC), a pioneer in voice infrastructure software, today
announced it has secured an over subscribed round of financing from a
group of private institutional investors in the amount of $7.0 million
in exchange for shares of the company's common stock. The transaction
was arranged by HPC Capital Management.
"We are pleased to have secured this financing, which will be used
to fund our current operations, including product development, sales
and professional services," said David Russian, chief financial
officer of the company. "Given the market conditions and our current
share price, the company elected to raise only $7 million at this
time. Our goal remains to raise additional funds to support our
continuing operations through the end of this year. We believe that it
is in the best interests of the company and its shareholders to delay
further fund raising at this time to give current market conditions a
chance to improve."
The company expects to issue these securities on March 27, 2002
under its "shelf" registration statement (SEC file no. 333-66126),
which was declared effective by the Securities and Exchange Commission
on Nov. 27, 2001.
"This round of financing was actually oversubscribed and it was
extremely gratifying to see this interest in both the company and its
products from the Institutional players. We are especially grateful
that such a prestigious Institution like the Special Situations Fund
would take a lead role in this financing and we particularly want to
thank them for their vision and support," said Andrew Reckles,
chairman of HPC Capital Management.
The price and the number of shares are based on a five-day average
market price of General Magic's common stock prior to March 25, 2002.
In addition the investors will receive a 20 percent discount per
common share to this average price with no warrant coverage.
The company intends to seek the additional funding necessary to
complete its funding objectives within the coming months, with the
expectation that market conditions may be more favorable at that time.
As a direct result of this decision, the company expects to receive a
report from its auditors, KPMG, on the company's financial statements
for the year-ended Dec. 31, 2001 that includes an explanatory
paragraph describing the uncertainty about the company's ability to
continue as a going concern. This paragraph would be included because
the company is not expected to have sufficient committed cash at the
time the audit report is issued to meet its cash requirements through
the end of its fiscal year based upon its current cash-burn rate.
General Magic's management team remains committed to seeking the
funding necessary to support the roll-out and adoption of its products
and services at the most opportune times.
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 25, 2002--General Magic,
Inc. (Nasdaq: GMGC), a pioneer in voice infrastructure software, today
announced that both proposals presented for a vote at its March 22,
2002 Special Meeting of Stockholders were approved. The meeting was
attended by stockholders or their proxies representing approximately
88 percent of the company's outstanding shares entitled to vote at the
meeting.
The first proposal asked shareholders to approve the company's
issuance on or before June 30, 2002, of those shares of the company's
common stock for an aggregate offering price of a maximum of
$20,000,000.
Stockholders were also asked to approve an amendment to the
Company's certificate of incorporation to increase the authorized
common stock of the company from 150,000,000 to 200,000,000 shares.
"Approval of these proposals will prove instrumental in providing
General Magic with flexibility in its efforts to raise additional
capital over the next several months to assist the company in funding
its continuing operations including the product development, sales and
marketing of its Voice Infrastructure Software business and its
ongoing support of the OnStar Virtual Advisor contract," said David
Russian, chief financial officer. "General Magic is now free to pursue
additional financing to strengthen its financial position and to
provide the company with the necessary resources to succeed."
Series H Convertible Preferred Stock To Be Converted To Common
Stock By March 25, 2002
On March 11, 2002, General Magic, Inc. delivered a notice to the
holders of all of its then outstanding Series H Convertible Preferred
Stock, notifying them of its election to require the mandatory
conversion of their shares of Series H Convertible Preferred Stock
into common stock on March 25, 2002. On March 11, 2002, there were 580
shares of Series H Convertible Preferred Stock outstanding, which are
convertible into approximately 1,008,998 shares of the company's
common stock as of March 25, 2002. After the conversion of the Series
H Convertible Preferred Stock into common stock, the only remaining
outstanding series of Preferred Stock of the Company will be the
company's Series G Convertible Preferred Stock, which is held by the
company's strategic partner, General Motors Corporation.
GG-- Re INVN:
So sorry to open old wounds!
But the neat thing about the stock market is that we're all given that second, third, fourth, etc., chance to hit the mother load . . . (until, of course, our funds run out . . . but then, there's always Visa, MasterCard and the wife's bank account!! Opps, forget that last one . . . gotta keep some semblance of harmony in the household!).
Good things often come to those who wait . . . and do their homework. Keep on truckin' . . .
v
Ty:
Yes, I'm with you . . . it sure helps to pay close attention to the signals sent by "Mr. Market" when contemplating investment moves. But of course he doesn't "always" know better . . . sometimes he gets spooked by certain exogenous and/or company-specific events, and hence his radar gets off-track and he sends out false signals.
For example, did Mr. Market "know better" when INVN was trading at $3 six months ago? I guess not . . . stock's now at $44. Or when VLPI was trading at $0.05 six months ago? Apparently not . . . it's now at $0.23. Or, for that matter, when Enron was trading at $0.06 just two months ago? (Now at $1.14.)
You get the point, and I'm sure you understand this. There are obviously tons of examples of stocks that were mis-priced for any number of good or bad reasons, and where subsequent events resulted in explosive upside performance over the following weeks, months and/or years.
IMHO, if you read between the lines (or use some interpretive logic) of some of the recent posts on this board, along with your other DD, you may very well come to the conclusion that it's getting to be about time to direct some of that hard-earned cash into BSTI, even if Mr. Market and his first cousin, BIG MO, aren't yet giving you clear-cut signals.
Of course, we all have our points of view, risk-tolerance levels, and -- in the end -- it's still a matter of "to each his own" in the investment world. As one sage Wall Streeter (can't remember if it was Warren Buffett, Peter Lynch or NoMoDo) once told me:
One man's Trash is another man's Treasure;
One man's Garbage is another man's Gold.
One man's Pain is another man's Pleasure;
One man's Timid is another man's Bold.
One man's Short is another man's Long;
One man's Weak is another man's Strong.
One man's Buy is another man's Sell;
One man's Heaven - - - - .
In any event, good trading/investing to you . . . your ongoing commentary here is appreciated.
v
Fred, sounds like sage advice for the time being.
As you may have heard, both the share-issuance and the share-authorization proposals passed at the Special Meeting today . . . so at least that question mark has been erased.
Lackluster reaction by the stock so far.
Will be interesting to see what events unfold over the next few weeks. The ongoing saga.
v
Fred:
Glad you're surfacing and getting back on track!
Re your reverse-logic reasoning, I think you're onto something (I use it on the kids all the time . . . often works, but sometimes doesn't!!). Anyway, I agree it sure seems like there's a very good chance of a nice pop in the coming weeks following the meeting, assuming a relatively favorable resolution, the announcement of the vote, the completion of financing, the cessation of whatever capitulation selling and/or financing-related short-selling might be going on lately, wider dissemination of the General Electric news, and maybe some new-customer PR releases. One can only hope. Obviously still a highly speculative situation fraught with uncertainties, but the negatives sure seem to be adequately discounted in the stock's price currently. (Of course, I thought that at fifty cents and at a buck!)
As far as not "costing anything," well, that depend on whether or not we act on the idea!! Do you think we should throw a few more shekels at it here just for grins in case the law of contrary opinion eventually does prevail? Or is all of this just fuzzy logic?!
v
Carrot:
MM refers to the market makers in the stock . . . keep a close eye on the comments by "NoMoDo" on this subject . . . he has a great feel for what the MMs are doing and how it is influencing or may affect the stock's price at any given time.
Welcome to the board.
v
OT -- Fred:
Drink that OJ, eat your chicken soup, get some rest, and get better quick!! We miss your cheerful commentary!!
v
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 21, 2002--General Magic,
Inc. (Nasdaq:GMGC), a pioneer in enterprise voice infrastructure
software, today announced that two of its leading technical experts
will explore the state of the art in voice-enabled enterprise
applications at the VoiceXML Planet 2002 Conference & Expo, which will
be held at the DoubleTree Hotel in San Jose from Wednesday, March 20th
to Friday, March 22nd.
Pat Haleftiras, General Magic's chief technology officer, will
discuss "VoiceXML and Call Center Integration" in a presentation
beginning at 4:30 p.m., Friday, March 22. Attendees will learn how
VoiceXML technology can improve the effectiveness of their existing
call centers through automated self-service, reduced call times and
integration with their Web infrastructures. The session will cover
ROI, risks and benefits of an integrated call center solution.
Haleftiras oversees General Magic's technology initiatives, including
the implementation of industry standards in its flagship magicTalk(R)
Enterprise Platform and magicTalk Voice Gateway products.
Lizanne Kaiser, Ph.D., director of Application Frameworks, will
discuss "Effective Dialog & Grammar Design" at 2:00 p.m., Friday,
March 22. Her presentation will focus on the development of efficient
and modular grammars and dialogs as a key element in VoiceXML
application development. The session will review standards that are
being developed around ways of representing grammars, and will drill
into the mechanisms of writing the grammars and dialogs for VoiceXML
application development. It will cover various tools that are
available for VoiceXML grammar/dialog development and the
rules-of-thumb that developers can leverage in building effective
grammars. Co-presenting with Dr. Kaiser will be Pascal Deschenes, Core
Speech Technology Developer, InfoSpace, Inc.
About VoiceXML Planet Conference & Expo
VoiceXML Planet Conference & Expo will provide competitive insight
into VoiceXML standards and technologies and how they are being used
to collaborate, innovate and reshape the business landscape through
interactive speech applications. VoiceXML Planet Conference & Expo
will contain professional training and in-depth strategy sessions led
by industry experts in the form of business and technical tracks. The
exhibition hall will highlight products and service vendors and will
provide the information necessary to evaluate implementation options.
The event is hosted by VoiceXMLPlanet.com
(http://www.voicexmlplanet.com), and internet.com
(http://www.internet.com).
About General Magic
General Magic is a leading voice infrastructure software company
that provides enterprise-grade software and supporting voice dialog
design and hosting services that enable companies to quickly and
efficiently provide anytime, anywhere access to information and
services over the telephone. General Magic's VoiceXML & J2EE(TM)-based
solutions enable enterprises to easily integrate voice access into
enterprise applications using a broad selection of speech recognition
technologies and telephony interfaces. These solutions make voice a
strategic tool in helping businesses improve the customer experience,
reduce transaction costs, and provide high quality, voice branded
access to content and services. General Magic is headquartered in
Sunnyvale, Calif. For additional information, visit
www.generalmagic.com.
Fred -- re: "Fortunately, there are other avenues that GMGC is trying to pursue." --
Guess ya saw where GMGC has landed a software license and services agreement with General Electric (the mysterious Fortune 10 company revealed today): The Agreement provides that the Company will work with General Electric in the development and deployment of a voice-application (the "Voice Application"). The term of the Agreement is 36-months. The Voice Application is being developed and deployed on the magicTalk Enterprise Platform and will enable voice access to an existing General Electric web-based enterprise application. The Company has extended special pricing terms to General Electric for this Voice Application as an early adopter.
As such, apparently no significant revenues are being derived yet from their agreement with GE, but it sure nicely positions GMGC for potential revenues/fees down the road if things work out well. Plus, having such prestigious alliances as General Motors, IBM and now General Electric should prove to be an invaluable selling tool for GMGC as they go after additional business opportunities in the future.
I'm feeling better . . . hope you are!!
v
P.S. -- And as far as the current "priceyness" of the OnStar/VA service is concerned, don't worry about that . . . the economic laws of supply/demand and economies of scale will eventually bring the price down into Joe Sixpack's range (of course, "eventually" is the operative word here!!!)
Sorry for the repeat post -- not sure why it happened.
Fred -- Didja see this news? (Came out yesterday, but I just ran across it.)
DETROIT (Dow Jones)--General Motors Corp.'s (GM) Onstar in-car-communications
unit is finding that 56% of its subscribers renew the service after the first
year, the cost of which is included in the purchase price of the car, a top
company official said Tuesday.
"The renewal rate last time I looked at it was 56%," GM Chief Financial
Officer John Devine told analysts in response to a question.
He didn't specify what time period that figure applies to, and a spokeswoman
declined to provide details. Onstar officials typically don't release the
renewal rate, a critical indicator of the success of their business, other than
to say their target is around 60%.
"It's been very successful," Devine said of Onstar's business. "There's more
success to come," he added, without elaborating.
(This report and related background will appear on The Wall Street Journal's
Web site, WSJ.com.)
In late 2000, GM began a major push to expand Onstar's subscriber base,
building the service in as standard equipment or as part of popular options
packages on many of its most popular models and including the first year of
service free. As those subscriptions have expired over the last few months,
Onstar has been trying to retain those subscribers as paying customers. Onstar
offers service plans ranging from $16.95 to $69.95 per month, as well as
pay-per-use cellular calling and Internet access.
Onstar's basic service includes a built-in cell phone and global-positioning
equipment to access a service center that can provide accident and other
emergency assistance. The service currently has about 2 million subscribers. GM
executives have said that while Onstar isn't profitable at the moment, it will
become a significant contributor to GM's bottom line in the next few years once
its paying subscriber base increases enough to cover its fixed costs.
- By Gregory L. White, The Wall Street Journal, 313-226-1256
(END) DOW JONES NEWS 03-19-02
05:37 PM- - 05 37 PM EST 03-19-02
Fred -- Didja see this news? (Came out yesterday, but I just ran across it.)
DETROIT (Dow Jones)--General Motors Corp.'s (GM) Onstar in-car-communications
unit is finding that 56% of its subscribers renew the service after the first
year, the cost of which is included in the purchase price of the car, a top
company official said Tuesday.
"The renewal rate last time I looked at it was 56%," GM Chief Financial
Officer John Devine told analysts in response to a question.
He didn't specify what time period that figure applies to, and a spokeswoman
declined to provide details. Onstar officials typically don't release the
renewal rate, a critical indicator of the success of their business, other than
to say their target is around 60%.
"It's been very successful," Devine said of Onstar's business. "There's more
success to come," he added, without elaborating.
(This report and related background will appear on The Wall Street Journal's
Web site, WSJ.com.)
In late 2000, GM began a major push to expand Onstar's subscriber base,
building the service in as standard equipment or as part of popular options
packages on many of its most popular models and including the first year of
service free. As those subscriptions have expired over the last few months,
Onstar has been trying to retain those subscribers as paying customers. Onstar
offers service plans ranging from $16.95 to $69.95 per month, as well as
pay-per-use cellular calling and Internet access.
Onstar's basic service includes a built-in cell phone and global-positioning
equipment to access a service center that can provide accident and other
emergency assistance. The service currently has about 2 million subscribers. GM
executives have said that while Onstar isn't profitable at the moment, it will
become a significant contributor to GM's bottom line in the next few years once
its paying subscriber base increases enough to cover its fixed costs.
- By Gregory L. White, The Wall Street Journal, 313-226-1256
(END) DOW JONES NEWS 03-19-02
05:37 PM- - 05 37 PM EST 03-19-02
NoMo -- Re PR:
I agree with your assessments . . . I think the PR went a long way toward helping to bolster confidence in TM's leadership role and the company's future prospects. Among his comments, I especially liked:
1) "Consistent growth and our relationship with our shareholders and clients is the next critical measure of success . . .
2) We have five additional long-term, and many specialty, purchase agreements under negotiation at this time . . .
3) Our products have reached a point where they have become known by some of the world's largest chemical companies as the next killer chemical to hit the marketplace . . .
4) These companies have recognized that our technology can revolutionize the industry of antimicrobials and biocides with significant opportunities to impact other industries such as specialty chemicals, coatings, polymers, pulp & paper, and biological warfare . . .
5) BioShield is becoming digitized and Web-enabled . . .
6) Additionally, we recently formed a new subsidiary, Nova BioGenetics, to capitalize on the FDA applications within our technology window and research capabilities . . .
7 We are very optimistic as we look to fiscal 2003 and beyond, and believe that, having a superior product line and a complete research pipeline, we are well positioned for sustained long-term growth."
Acting accordingly,
v
NoMo --
Sorry for the repeat . . . you beat me to the punch by 16 seconds (shouldn't you be at lunch now?!) LOL! Hey, how 'bout Toaster Scrambles for lunch? . . . sounds great!!
v
And more news!:
ATLANTA, March 18 /PRNewswire-FirstCall/ -- BioShield Technologies, Inc.'s
(OTC Bulletin Board: BSTI) chairman has issued the following letter to all
shareholders:
Dear BioShield Shareholders and potential investors,
At BioShield, we seek the highest return on all our initiatives. Today,
as we transition BioShield to a new age, we are making great strides towards
profitability. Consistent growth and our relationship with our shareholders
and clients is the next critical measure of success. Our goal is to be one of
the world's leading suppliers and licensors of antimicrobial and new combined
antibiotic products to help promote a safer, healthier lifestyle and
environmentally friendly planet. Meeting these goals is a serious challenge
that we are committed to, and something that we would like to share with you
in greater detail.
BIOSHIELD -- THE ANTIMICROBIAL COMPANY
We enjoy an excellent reputation for delivering new products that far
exceed the effectiveness, durability and environmental friendliness than that
of our existing competitors. The restructuring of BioShield operations and
new focus on becoming a wholesaler and licensor of our
antimicrobial/antibacterial products has taken significant expense,
commitment, time, and effort to establish the foundation that we are now
sitting on. We have come a long way during the past year; however, there is
still considerable work to be done and many more objectives to be met. Our
revenues have increased 100% year over year (based upon 12.31.01), we have
eliminated over $5 million in liabilities, we've successfully achieved our
cost cutting measures reaching our first profitable quarter, excluding
extraordinary items, and we have established several new global, national, and
specialty licensee partners and clients representing over $55 million in
committed long-term and short-term purchase agreements encompassing the next
six years. We have five additional long-term, and many specialty, purchase
agreements under negotiation at this time; however, it is extremely difficult
to project quarterly order flow as the long term purchase commitment contracts
require considerable marketing efforts and time to fully implement their
strategies.
BIOSHIELD'S NEW FOUNDATION
One of the major cornerstones of BioShield's long-standing potential and
growth prospects is our line of patented and EPA registered products.
BioShield's core technology was founded upon antimicrobial technology that had
been developed by Dow Corning 20 years ago after $25 million had been invested
in research and development. As Dow Corning was unable to achieve the
effectiveness of killing bacteria, molds, mildew, etc. in a water based, non-
toxic fashion, the project was finally scrapped. Dow moved on to other
ventures. Co-founder, Jacques Elfersy, and I seized the opportunity to modify
and re-engineer this technology, and thus BioShield Technologies was born. We
then applied for new patents and EPA registrations under the BioShield name.
The past seven years have been spent developing and perfecting this
antimicrobial technology. Approximately $20 million was raised for R&D,
multiple patent applications, testing and EPA registrations. Our products
have reached a point where they have become known by some of the world's
largest chemical companies as the next killer chemical to hit the marketplace.
These companies have recognized that our technology can revolutionize the
industry of antimicrobials and biocides with significant opportunities to
impact other industries such as specialty chemicals, coatings, polymers, pulp
& paper, and biological warfare. The vast experience of management coupled
with the achievements we've made with new existing client relationships and
potential partners that we are currently in negotiation with, provides us with
a very high degree of confidence that BioShield will be able to capitalize on
these opportunities and become a globally recognized company during the next
couple of years.
Part of establishing ourselves as an industry leader and building upon our
new foundation is our ability to focus on our current operating philosophy of
building partner/licensee relationships, cost competitiveness and high quality
and customer responsiveness. As we pursue these new opportunities and enhance
our distribution and licensing business models, we will be embracing
information technologies that will help us get there. When properly
implemented, this information technology infrastructure will allow us to not
only confirm our existing philosophy but also will allow us to rise above the
competition in delivering lower cost solutions with the highest quality
products. We also are striving to provide unparalleled responsiveness in
customer dealings and adaptation to a full range of business dynamics and
developments within our industry. I have directed that BioShield move with
speed to employ the Internet and selected e-business tools to automate our
customer and supplier transactions so as to truly change the way business is
conducted between BioShield and our partners. In today's business climate,
BioShield is becoming digitized and Web-enabled, which also connotes being
innovative, progressive, energized, motivated, enlightened, focused and much
more. We are fully committed to BioShield, our loyal shareholders, and
letting the world know about our technology. We invite you to visit our new
website at www.bioshield.com .
OPPORTUNITIES FOR THE FUTURE
BioShield's future outlook is extremely favorable. The world market for
antimicrobials and biocides is projected to reach approximately $6 billion by
2004 with North America and Western Europe as the largest regional markets
accounting for approximately 70% of the demand. Additionally, we recently
formed a new subsidiary, Nova BioGenetics, to capitalize on the FDA
applications within our technology window and research capabilities; and as
the public and regional governments continue to voice their concern over
environmental impacts and the toxicities of existing antimicrobial, biocide
and antibiotic compounds, we intend to listen and provide the solutions to
these concerns and problems. BioShield's technologies can easily become and
intends to become the industry's leader. We strongly believe that BioShield
has the organization, management, customers, abilities, employees, and
supplier partnerships to capitalize on these trends and many other available
opportunities, but we will need to work diligently to aggressively implement
such a demanding need for BioShield to become recognized and reliable. We are
very optimistic as we look to fiscal 2003 and beyond, and believe that, having
a superior product line and a complete research pipeline, we are well
positioned for sustained long-term growth.
As always, we are most appreciative of our loyal shareholders, the
contributions of our employees and directors, and the support of our customers
and suppliers. It is teamwork among all these constituencies that ultimately
benefits the value of our company and assures the continued success of
BioShield.
Sincerely,
Timothy C. Moses
Chairman/CEO
Further information on BioShield and its line of products can be found by
visiting the firm's web site at http://www.bioshield.com or by calling
1-770-925-3653, Tim Moses.
NoMo, GG, et. al. --
In case ya'll didn't see this (every little bit helps!):
http://pennyinvesting.com/pickpage.php?id=10
Best regards,
v
Hi, Fred!
Yes, I'm here . . . it's good to "see" you again. From what I've experienced so far with iHub, I'm thrilled with the service (I just signed up for the Premium, Lifetime membership). The website has all the features (and more) that I've come to like about SI, but not the drawbacks of other investor boards (whose names I won't mention, but I'm sure you can guess which ones I mean!), some of which have deteriorated into incomprehensible, mindless banter or worse. I think the investorshub guys have come up with the magic formula for success.
Anyway, I'm looking forward to utilizing the service as much as time permits in the future, and participating in the discussions as best I can.
Re GMGC, there obviously isn't too much to say at this point as we await the outcome of the shareholder vote and news on customers/alliances/financing, etc. Meanwhile, my perspective on the stock and my holdings thereof (my average cost is just north of $2, so I've got much further to go to breakeven than you!) is identical to yours: I couldn't have said it any better than you did in your post I'm responding to.
Looking forward to chatting with you about GMGC in the future. Let's hope we have something more stimulating to talk about soon (the current silence is deafening!).
v-man
Hi, GG!!
Good thing I'm not superstitious!! (Looks like I'm gonna be post #13, but ya gotta start somewhere I guess!)
Thanks for starting up this board . . . looks like it's gonna be a great success . . . very user-friendly. I like the Premium features, including the private-messaging capability which I always liked about Silicon Investor, but RB doesn't have . . . not that we all have anything to hide, but it comes in handy sometimes to get the OT stuff, etc., off the board. I just signed up for the Lifetime membership, so I guess I'm official now!
Take care, and I hope to be a positive periodic contributor to the BSTI board and perhaps others as time goes on. I suppose there are some other attractive stocks out there besides BSTI . . . I'll keep searching!!
Have a great evening!! Gotta go . . . the kids are jumping on me and apparently want attention!!
Bert