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Working for me now Matt. It wasn't for me for over 3 hours. Oh well.
Excel - Greg
Matt. Is chat working? Or is it just my computer? Can't get in.
Thanks
Excel - Greg
New Visual and Adaptive Networks Inc. Sign Technology Development Agreement; Adaptive Networks Co-Founder to Join New Visual Advisory Board
SAN DIEGO, Aug 13, 2001 (BUSINESS WIRE) -- New Visual Corporation (OTCBB: NVEI)
announced today that the company has entered into an agreement with Adaptive
Networks, Inc. to collaborate with the New Visual engineering consultants to
expedite the design and commercialization efforts of New Visual's broadband
transmission technology over telephone wire. In addition, Dr. Michael Propp,
co-founder and president of Adaptive Networks has been named to the New Visual
advisory board.
Adaptive Networks is the leading developer of high-speed power line networking
technology and is currently developing high-speed communications technology and
silicon for residential home networking. Adaptive's technology wins include
becoming the ISO standard for power line communications aboard refrigerated
container ships and an IEC standard for automated meter reading. Under the
direction of Dr. Michael Propp, Adaptive's proven ability to commercialize
high-speed data transmission products will facilitate the efforts of New
Visual's engineers. According to Ray Willenberg Jr., CEO of New Visual, "With
this agreement, we multiply the efforts of our staff and experience in this
field many times over. It is our privilege to be teamed up with such a proven
and innovative team."
In addition, Dr. Michael Propp has been named to the New Visual advisory board.
In that capacity he will advise the board of directors, management and the
technical advisors on commercialization strategy and technology development
issues. As co-founder and president of Adaptive Networks, Dr. Propp holds five
key patents and several patents pending in technology for power line
communications and communications over noisy and distorted media. He is also
author of several papers in the field of complex dynamic systems. Dr. Propp
holds an SB/SM EE and Ph.D. EE from the Massachusetts Institute of Technology.
Dr. Propp stated, "We are pleased to be a part of this intriguing development.
New Visual has assembled quite a team of expert advisors and consultants to
collaborate towards commercializing a novel broadband transmission achievement.
I view this opportunity to work with the New Visual engineers and technical
advisors as an important extension of our previous efforts in broadband
transmission."
About New Visual
New Visual Corporation is pioneering the development of a proprietary broadband
transmission technology with the mission to utilize existing copper
telecommunications infrastructure to deliver data and content to the office or
home at fiber optic transfer rates. Through its NV Technology, Inc. subsidiary,
New Visual is developing technology that will allow the bundling of voice,
video, and data over existing copper telephone wires, potentially eliminating
the need for fiber optic cable to the home or office. New Visual's common stock
is traded on the Over-The-Counter Bulletin Board under the symbol NVEI.
With the exception of historical information contained in this press release,
this press release includes forward-looking statements made under the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These statements involve risks and uncertainties that could cause actual results
to differ materially from those in the forward-looking statements, including but
not limited to the following: product development difficulties; market demand
and acceptance of products; the impact of changing economic conditions; business
conditions in the Internet and telecommunications industries; reliance on third
parties, including potential suppliers, licensors, and licensees; the impact of
competitors and their products; risks concerning future technology; and other
factors detailed in this press release and in the company's Securities and
Exchange Commission filings.
CONTACT: New Visual
Rich Wilson, 619/692-0333 (Media)
John Howell, 619/692-0333 (Investor)
or
Fleishman-Hillard for New Visual
Bridget Stachowski, 619/237-7717 (Media)
Excel - Greg
Twister. I disagree with you.
You said.....
Nothing released accounts for the recent increase in share price.
Read below from most recent PR..............
The reorganization will leverage the newly engaged technical assistance of Dr. David Greaves, founder and Chief Scientist of Virata Corporation and a well-respected lecturer at England's Cambridge University, and Dr. Michael Propp, co-founder and President of Adaptive Networks, Inc. in collaboration with the team of engineering consultants already at work on New Visual's technology.
Now ask yourself this. Who would be leveraged as Larry the lawyer likes to use to fill the CTO position?
Wouldn't it make sense to have Dr Greaves be that person? John and Ray has continued to point to cambridge PR and Dr Greaves as to the importance of that earliar announcement.
With that in mind. And with the fact of work being performed at Cambridge and in California I would have to come to the conclusion Dr Greaves will fill that position. The share price rise could be a slow reaction to people waking up to the big picture. I expect this coming week to have a good portion of that picture revealed.
As far as your thoughts on units being built. I agree. Those things take time. But. If you form the right alliances the timelines can be advanced rapidly.
As far as getting sucked into a false rally goes I believe this.......
If you are here to daytrade that is probably good advice if we have no news.
But if you have done DD and this is an investment then it won't really matter in the end. Except for my pride at not finding the bottom. LOL!
Excel - Greg
FATHER'S LOVE LETTER DEVOTIONAL
This is an excerpt from the Father's Love Letter Devotional written by Barry Adams Copyright 2000 Devotional Thought 41 of 53
"He came to demonstrate that I am for you, not against you".
Romans 8:31
31 What, then, shall we say in response to this? If God is for us, who can be against us? NIV Bible
Many times when we are feeling discouraged, it is as if the whole world is against us. It is like we are swimming upstream, constantly fighting a powerful current that seems to be pushing us downstream despite all our efforts. It can be a frustrating experience to feel that we are going one way and everyone else is going in another direction.
The reality is that in the world we live in, we will find many people and obstacles that will seem to be in direct opposition to where we are going. This can be a very discouraging and lonely reality unless we take Romans 8:31 to heart.
The truth is that God is for us, not against us. Not only is He on our side but He is in our corner cheering us on as He plans great things for our lives (Jeremiah 29:11).
If we can grasp the truth of our Father's heart towards us, it will not matter who is opposing us or what is standing in our way! For we will be confident that our Heavenly Daddy is the biggest, strongest, most loving person in the universe and has declared to the heavens that He is for us! What will you say in response to this declaration?
PRAYER
Father I thank You for being for me and not against me. I believe that Your love causes all things to work together for my good. I renounce every lie that says that You are against me and not for me. Jesus demonstrated Your love for me and has convinced me of Your unfailing acceptance and affection. I thank You that I will be forever Your child. In the name of Your beloved son Jesus I pray, AMEN.
Excel - Greg
Hi Matt. Do you have an estimated timeline for real time quotes available to us you could give us? Thanks!
Excel - Greg
Just got off the phone with John Howell. We had a good conversation about todays PR. I asked John if he could give me the reason for the parting of ways.
John stated there was a difference of opinion on the skeduling of future development of the technology. It had nothing to do with meeting current development timelines. I hope this helps.
I also asked if we will hear about the position being filled shortly. The answer was yes and we will hear other factors also regarding todays PR.
Read Destineys and Benmacks post on the ZOO board. I believe they both have a good grasp of the different types of situations that confront engineers and the reasons behind them.
The rest of the posts there are ZOO DOO!
Excel - Greg
New Visual Reorganizes Technology Development ...
SAN DIEGO, Aug 6, 2001 (BUSINESS WIRE) -- New Visual Corporation (OTCBB:NVEI) announced today that the company has taken proactive measures to re-organize its technology development efforts. These measures include changes in management and operations. Ivan Berkowitz has been appointed Vice Chairman of the Board of Directors, the company is adding new technical advisors, and operations will be reduced in Pleasanton, California. Due to the re-organization, the employment of COO Allan Blevins, CTO Mike Shepperd, and other employees in Pleasanton has been severed. Only the Pleasanton employees are affected and the company continues to employ the engineering consultants in Northern California who have been working on the Company's technology development.
The reorganization will leverage the newly engaged technical assistance of Dr. David Greaves, founder and Chief Scientist of Virata Corporation and a well-respected lecturer at England's Cambridge University, and Dr. Michael Propp, co-founder and President of Adaptive Networks, Inc. in collaboration with the team of engineering consultants already at work on New Visual's technology.
Adaptive Networks is the leading developer of high-speed power line networking technology, currently developing high-speed communications technology and silicon for residential home networking. Adaptive's technology wins include becoming the ISO standard for power line communications aboard refrigerated container ships and an IEC standard for automated meter reading. New Visual continues to form relationships with other industry partners in a variety of research and development efforts designed to shorten the time to market for products derived from its technology.
Advisory board members Drs. Kenneth Rubinson and Henry Beck will also play a pivotal role in the development of the Company's CuOCX technology. The Company is also adding additional industry experts to its advisory board.
Ray Willenberg Jr., CEO and president of New Visual noted, "We feel these proactive measures enhance our ability to deliver the technology to market as quickly as possible. While we remain excited about our technology and the progress in its development, we have reached a point in our efforts where, in order to take our technology to the next stage, it is necessary to bring in others with expertise in several specialized niches in this field. Moving forward, there is a collective sense of enthusiasm as we work with the world-class team now coming together to participate in our efforts."
Ivan Berkowitz, a board member since August of last year, brings years of Wall Street finance, merger & acquisition, technology development, and business development experience to the Company. In addition to a large base of domestic and international contacts, his appointment as Vice Chairman reflects New Visual's emphasis on strengthening management and operations.
Mr. Berkowitz stated, "I am pleased to take on a more active role in shaping New Visual's future. The people involved in this venture are extremely talented and I expect that our combined efforts will set the stage for multi-faceted alliances with other industry partners. These changes augur well for the future of the company and for the development of the technology."
About New Visual
New Visual Corporation is pioneering the development of a proprietary broadband transmission technology with the mission to utilize existing copper telecommunications infrastructure to deliver data and content to the office or home at fiber optic transfer rates. Through its NV Technology, Inc. subsidiary, New Visual is developing technology that will allow the bundling of voice, video, and data over existing copper telephone wires, potentially eliminating the need for fiber optic cable to the home or office. New Visual's common stock is traded on the Over-The-Counter Bulletin Board under the symbol NVEI.
With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings.
CONTACT: New Visual
Rich Wilson, 619/692-0333 (Media contact)
John Howell, 619/692-0333 (Investor contact)
or
Fleishman-Hillard for New Visual
Bridget Stachowski, 619/237-7717 (Media contact)
URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2001 Business Wire. All rights reserved.
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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ELECTRONIC
GAMES/MULTIMEDIA
HARDWARE
NETWORKING
TELECOMMUNICATIONS
MANAGEMENT
CHANGES
SOURCE:
New
Visual
Corporation
Copyright 2001 Business Wire. All rights reserved.
08/06/2001 09:06
BW
Excel - Greg
July 27, 2001
Appreciated
Read: Matthew 26:6-13
What this woman has done will also be told as a memorial to her. —Matthew
26:13 Matthew 26
6
While Jesus was in Bethany in the home of a man known as Simon the Leper,
7
a woman came to him with an alabaster jar of very expensive perfume,
which she poured on his head as he was reclining at the table.
8
When the disciples saw this, they were indignant. "Why this waste?" they
asked.
9
"This perfume could have been sold at a high price and the money given to
the poor."
10
Aware of this, Jesus said to them, "Why are you bothering this woman? She
has done a beautiful thing to me.
11
The poor you will always have with you, but you will not always have me.
12
When she poured this perfume on my body, she did it to prepare me for
burial.
13
I tell you the truth, wherever this gospel is preached throughout the
world, what she has done will also be told, in memory of her."
The heroes and heroines of the Bible often take us by surprise. The woman
in today's Scripture reading is a prime example. She was singled out by
Jesus to be mentioned wherever the gospel is preached. She had
scandalized some of those dining with Jesus by her breathtaking
generosity. In anticipating Jesus' death, she had anointed Him with
costly perfume that was worth more than a year's wages.
"Why this waste?" asked those at the table who expressed a concern for
the poor. Had these same people been attending Jesus' funeral rather than
a dinner with Him, I believe they would have reacted differently. Yet,
when this woman showed Him her lavish love while He was alive, she was
severely criticized for such waste.
We can learn a valuable lesson from the devotion of this woman. We need
to break out our best perfumes for the living. Yet all too often we wait
until someone dies to show the appreciation that we are reluctant to show
in life.
Is there someone who comes to your mind, a friend or family member, who
would be honored and encouraged by an expression of your love and
appreciation? Then do something to show it—while the person is still
alive! —HWR
Give praise to people young and old,
Encourage them while they are near;
For when they've gone to their reward,
Your loudest praise they will not hear. —D. De Haan
Don't put off until tomorrow the loving words you can say today.
Excel - Greg
THE PASTOR'S WEEKLY BRIEFING
Vol. 9, No. 30 -- July 27, 2001
==============================
IN THIS ISSUE:
Good Morning, Colleague (by H.B. London Jr.)
Pro-Gay Bully
Groups Boycott NAACP
Faith in Medicine
Pro-Family Votes
The News at a Glance
From My Perspective (by Ken Connor)
==============================
------------------------------
GOOD MORNING, COLLEAGUE
by H.B. London, Jr.
SAYING THANKS
I was walking through the airport in Denver last week and I heard my name paged. At first, I didn't respond, but when I heard it again, I dialed the operator. I was instructed to go to the information desk in Concourse B for a message. The attendant there handed me an envelope with my name on it. When I opened the enclosed card, the words, "I prayed for you today," were in bold type at the top. The handwritten message that followed the printed one also blessed me: "Thank you for your ministry to pastors all over the nation. May God bless you richly this day! Thank you for letting God work through you." It was not signed.
I was on my way to a very challenging ministry assignment and really believe the Lord knew I needed someone to say to me, "It's going to be okay ... just be yourself."
As I reflected on that situation, I thought, "How creative of someone to take the time to encourage me and to do it anonymously." And then I thought, "When was the last time I walked into someone's life unannounced ... just to say thanks?"
There are so many of your colleagues who could use a note or a call this very day -- something that lets them know they are not alone. How about you? Who prays for you?
I just wanted you to know we are here for you. You matter to us -- give us a call (877-233-4455). "But we ought always to thank God for you" (2 Thess. 2:13).
------------------------------
PRO-GAY BULLY
In an extraordinary ruling, the 9th U.S. Circuit Court of Appeals has upheld the constitutionality of San Francisco's controversial domestic-partner benefits ordinance. The 1997 law requires all businesses with city contracts to offer benefits to the domestic partners of company employees.
In making its ruling, the judges decided that, if an Ohio company, S.D. Myers, wants to keep its contract with the City by the Bay, it must comply with the ordinance and offer domestic-partner benefits at its home base in Ohio.
It was the company's electrical-transformer maintenance contract with San Francisco that led to the court battle. But the ruling conflicts with Myers' moral foundation, according to Craig Osten, spokesman for the Alliance Defense Fund, which funded the legal challenge. "It's a small Christian company that has religious objections to homosexual behavior," Osten explained. The S.D. Myers official logo includes a scripture reference from Acts, Osten said, and their corporate Web site even includes a page explaining salvation.
Greg Baylor, with the Center for Law and Religious Freedom of the Christian Legal Society, finds the ruling extremely troubling. "It worries me because the San Francisco government is basically refusing to acknowledge that we're a diverse country," Baylor said. "They're trying to use their economic power as a purchaser of services and goods in the marketplace to change things even in places other than San Francisco."
Baylor is also troubled about the fact that the requirement has nothing to do with the service being performed. Yet, the court ruled the ordinance was not an "undue burden."
An appeal to the U.S. Supreme Court is being considered.
------------------------------
GROUPS BOYCOTT NAACP
For many years, the National Association for the Advancement of Colored People has led boycotts against everything from segregation to a state's use of the Confederate flag in the name of civil rights. Now, the NAACP is itself the target of a boycott -- and by one of its own.
The African-American group, Brotherhood Organization of a New Destiny, is asking blacks nationwide to protest the NAACP's left-leaning politics, which have thrust the group into the "socialist wing of the Democratic Party," according to BOND founder and president Rev. Jesse Peterson. "Pay the NAACP no money. Pay it no mind," wrote Peterson in announcing the boycott.
Conservative, pro-family African-American groups, like BOND and Project 21, are breaking ranks with the NAACP because they feel the organization's current leadership has kowtowed to Democratic allies and has lost touch with mainstream African-Americans. They hope the boycott will reform that.
BOND, which has adopted the slogan "Rebuilding the Family by Rebuilding the Man," is particularly disappointed at the NAACP's inaction against broken homes -- the "real problems in the black community," it says.
------------------------------
FAITH IN MEDICINE
What would you think if, on your next visit to the doctor, he or she offered to pray with you? That may soon become more common, as a new generation of doctors is trained to treat the "whole" patient.
Dr. Stanford Shu is on the cutting edge of a new movement that seeks to meet patients' emotional, mental, physical and spiritual needs. He mentors physicians in training at Loma Linda University Medical Center in Southern California. "Ideally, we'd like to teach the students how to see the patients as Jesus would see them," he said.
Experts say about 75 of America's 125 medical schools currently have courses on spiritual care. The downside to that, however, is that many of those courses also contain New Age thought.
------------------------------
PRO-FAMILY VOTES
Pro-family voices were instrumental Monday as the House Judiciary Committee voted to approve the Human Cloning Prohibition Act of 2001 (H.R. 2505). The legislation, sponsored by Dave Weldon (R-Fla.) and Bart Stupak (D-Mich.), would place a comprehensive ban on all forms of human cloning. This measure now moves to the floor of the House of Representatives for a vote.
Meanwhile, a bill that would expand the ability of religious groups to fund social programs with federal dollars is on its way to the Senate. The president's faith-based initiative, named the Community Solutions Act, passed the House July 19 despite Democratic objections that recipients would be exempted from federal anti-discrimination rules.
------------------------------
THE NEWS AT A GLANCE
* In a controversial ruling condemned by pro-life groups, religious officials and the medical community, France's high court of appeals, the Cour de Cassation, has ruled that disabled children whose mothers did not have the chance to abort them are entitled to compensation in a sort of "wrongful life" action. In a July 13 decision, the court awarded monetary compensation to 17-year-old Nicolas Perruche from doctors who did not detect that his mother had rubella while pregnant with him. The mother claimed she would have had an abortion had she known her son would have been born disabled. The case sets the dubious precedent of giving children the right "not to be born," said the BBC.
* Philip Morris, the world's largest cigarette maker, has expressed regret that a report was prepared for the company by a consulting firm arguing that smokers save the state millions of dollars by dying early. The report was prepared for the Czech Republic government, which sold its state tobacco industry to Philip Morris in 1990, giving the company four-fifths of the domestic cigarette market. It was intended to discourage new cigarette taxes through a blunt cost-benefit analysis that cited "lower costs of health care, savings on the care of retirees and the cost of housing for the elderly due to the shorter average life span of smokers."
------------------------------
FROM MY PERSPECTIVE
by Ken Connor
The Centers for Disease Control have for years been touting condoms as an answer to preventing the spread of venereal disease. Now, Congressman Dave Weldon (R-Fla.) is pointing to a report that shows, in his words, "there is no scientific evidence that condoms prevent ... most sexually transmitted diseases."
The HHS report concludes, "There is no scientific evidence to support the claim that condoms provide universal protection against gonorrhea, chlamydia, syphilis, chancroid, trichomoniasis, and genital herpes." FRC medical advisor Dr. John Diggs has long maintained that condoms provide no protection against the human papillomavirus (HPV), a leading cause of cervical cancer.
As a liability lawyer, I know that we will soon see infected students bring suit against school boards. The students will charge they were deceived by school officials who distributed condoms claiming they give "protection" against deadly STDs. And I think those students will win!
(Ken Connor is the president of the Family Research Council.)
==============================
Copyright (c) 2001, Focus on the Family
All rights reserved. International copyright secured.
Please feel free to send this e-mail message to a friend or colleague.
==============================
THE PASTOR'S WEEKLY BRIEFING is published each Thursday evening for pastors and other Christian leaders by the Pastoral Ministries department of Focus on the Family, a ministry sustained by the prayers and contributions of supporters.
(Editorial staff: Dan Davidson, Julie Locke, Jan Bird, Roger Charman)
For additional information, encouragement and support, visit our Web site at www.parsonage.org.
For a listening ear, referrals or prayer in a time of crisis, pastoral families are encouraged to call our toll-free Pastoral Care Line at (877) 233-4455.
-----
To receive a complimentary e-mail subscription to the PASTOR'S WEEKLY BRIEFING, visit www.family.org/pastor/emailsignup.cfm.
Excel - Greg
Matt. Story time? I would have paid money to have seen this......
On a British Airways flight from Johannesburg, a middle-aged, well-off white South African lady had found herself sitting next to a black man. She called the cabin crew attendant over to complain about her seating. "What seems to be the problem, Madam?" asked the attendant. "Cant you see?" she said, "You've sat me next to a kafir.I can't possibly sit next to this disgusting human. Find me another seat!" "Please calm down, Madam," the stewardess replied. "The flight is very full today, but I'll tell you what I'll do. I'll go and check to see if we have any seats available in club or first class."
The woman cocks a snooty look at the outraged black man beside her (not to mention many of the surrounding passengers.) A few minutes later the stewardess returns with the good news, which she delivers to the lady, who cannot help but look at the people around her with a smug and self-satisfied grin.
"Madam, unfortunately, as I suspected, economy is full. I've spoken to the cabin services director, and club is also full. However, we do have one seat in first class." Before the lady has a chance to answer, the stewardess continues: "It is most extraordinary to make this kind of upgrade however, and I have had to get special permission from the captain. But, given the circumstances, the captain felt that it was outrageous that someone should be forced to sit next to such an obnoxious person."
With that, she turned to the black man and said, "So if you'd like to get your things, Sir, I have your First Class seat ready for you."
At which point, the surrounding passengers stood and gave a standing ovation while the man walked to the front of the plane.
Excel - Greg
Virata Reports Its First Quarter Fiscal 2002 Results
SANTA CLARA, Calif., Jul 25, 2001 (BUSINESS WIRE) -- Virata(R) Corporation (Nasdaq:VRTA) today reported results for its first quarter fiscal 2002 ended July 1, 2001. Revenues for the first quarter were $20.3 million, an increase of five percent over revenues of $19.4 million for the fourth fiscal quarter of 2001 and a 27 percent reduction compared with net revenues for the first fiscal quarter of 2001. The as-adjusted loss per share of 15 cents compares with an as-adjusted loss of 23 cents in the prior quarter and an as-adjusted profit of 2 cents in the corresponding quarter last year.
"Industry analysts project that global DSL installs will more than double this year based on continuing strong consumer demand for broadband services," said Charles Cotton, CEO of Virata. "While there is always the potential for swings in channel inventories in a fast-growing market, we believe the brunt of the correction is now behind us. Virata is well-positioned in key growth markets including China, Germany, Japan and Taiwan."
Quarter Highlights
-- Virata announced the release of an 802.11b reference design
for manufacturers of wireless devices, such as wireless access
points, and wireless-to-Ethernet or wireless-to-broadband
routers.
-- Virata also announced the world's first turnkey multi-platform
embedded UPnP software solution which the company believes
will bring everyday home appliances and consumer electronics
products to life as it enables them to intelligently
communicate with each other and with the outside world through
a UPnP-powered residential gateway.
-- Virata integrated key security software into release 8.0 of
its ISOS platform meaning customers will be able to quickly
add security features with minimal cost and development time.
-- Zhone Technologies has licensed Virata's vCore DSP software,
which includes signaling, fax relay, voice processing and
voice compression algorithms and protocols, making Virata the
sole provider of critical DSP software for all of Zhone's
existing and future converged network products.
-- At the Supercomm show in Atlanta, Virata announced and
demonstrated that it was the first vendor to integrate the DSL
Forum's recently ratified TR-37 auto-configuration guidelines
into a technology platform.
-- Virata's Aluminum 200 shdsl chipset successfully achieved
interoperability with other suppliers of this new symmetric
DSL technology.
Financial Results Detailed
Excluding amortization of purchased intangible assets, UK National Insurance Contribution on stock options, non-cash stock compensation expense and restructuring charges, Virata reported an as-adjusted net loss of $9.3 million, or $0.15 per pro forma basic and diluted share for the first fiscal quarter; compared with a loss of $14.2 million, or $0.23 per pro forma basic and diluted share in the prior quarter and a $1.0 million as-adjusted net income for the same quarter one year ago, or $0.02 per pro forma basic and diluted share. The company reported a GAAP net loss of $44.6 million or $0.71 per basic and diluted share for the first fiscal quarter of 2001. This compares to a net loss of $42.0 million or $0.67 per basic and diluted share in the prior quarter and a net loss for the same quarter one year ago of $12.8 million or $0.26 per basic and diluted share.
About Virata
Virata provides communications software and semiconductors to manufacturers of DSL, wireless, satellite, and other broadband networking equipment. Virata's suite of processor-independent software products provide developers with complete, field-proven implementations of networking functions, including ATM, MPLS, and web servers, removing the need to write and validate new software code.
Virata also pre-integrates its extensive suite of communications software with its powerful and cost-effective communications processors to create Integrated Software on Silicon(TM) (ISOS(TM)) products. These ISOS solutions assist customers in developing a diverse range of broadband wireless and wireline equipment including DSL modems, gateways, routers, and integrated access devices targeted at the voice and high-speed data network access and customer premises markets. Virata's products also help equipment manufacturers to simplify product development, reduce the time it takes for products to reach the market and focus resources on product differentiation and improvement.
Virata is a principal member of the ATM Forum, Bluetooth SIG organization, the DSL Forum, HomePNA, ITU, MPLS Forum, OpenDSL consortium and UPnP Forum. A publicly traded company on the Nasdaq Stock Market, Virata was founded in 1993 and is headquartered in Santa Clara, Calif. For more information, please visit www.virata.com.
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Due to increasing uncertainties in the company's market, the company's degree of visibility on future revenues and earnings and associated confidence level in forecast information is less than in past quarters. Factors that might cause a difference include, but are not limited to, those relating to general business and economic conditions, evolving industry standards, the pace of development and market acceptance of our products, those of our customers and the DSL market generally, the rate of DSL deployments, commercialization and technological delays or difficulties, changes in customer order patterns and the product volume of such orders, the financial condition of our customers, risks of customer loss, the impact of competitive products and technologies, competitive pricing pressures, manufacturing availability and risks, dependence on third party suppliers, the uncertainties associated with international operations, the possibility of our products infringing patents and other intellectual property of third parties, risks due to limited protection of our intellectual property, product defects, costs of product development, our ability to attract and retain employees, the company's ability to extract value from acquisitions, manufacturing and government regulation and other risk factors listed from time to time in the reports and other documents Virata files with the Securities and Exchange Commission, including without limitation, the report on Form 10-K for the 12 months ended April 1, 2001. Virata assumes no obligation to revise or update the forward-looking statements contained in this press release to reflect events or circumstances after the date hereof.
Note to Editors: Virata is a registered trademark and Helium, Beryllium, Aluminum, ISOS and Integrated Software on Silicon are trademarks of Virata Corporation. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
VIRATA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
(in thousands, unaudited)
July 1, April 1,
2001 2001
----------- -----------
ASSETS
Current assets:
Cash and cash equivalents $ 256,686 $ 321,923
Short-term investments 173,474 166,007
Accounts receivable, net 6,715 14,093
Inventories 13,854 19,664
Other current assets 7,553 4,647
----------- -----------
Total current assets 458,282 526,334
Property and equipment, net 18,483 15,881
Intangible assets, net 319,020 346,947
Long-term investments 66,151 9,640
Other assets 5,244 6,095
----------- -----------
Total assets $ 867,180 $ 904,897
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,683 $ 10,167
Accrued liabilities 10,933 2,372
Accrued employee benefits 4,526 4,591
Accrued National Insurance
Contribution on options 6,895 6,945
Deferred revenue 4,004 3,809
Capital lease obligations, current 1,871 1,351
----------- -----------
Total current liabilities 32,912 29,235
Capital lease obligations,
long-term 1,007 1,367
Other long-term liabilities 333 311
----------- -----------
Total liabilities 34,252 30,913
----------- -----------
Stockholders' equity:
Common stock 64 63
Additional paid-in capital 1,138,797 1,136,581
Accumulated other
comprehensive income 706 752
Unearned stock compensation (13,514) (14,900)
Accumulated deficit (293,125) (248,512)
----------- -----------
Total stockholders' equity 832,928 873,984
----------- -----------
Total liabilities and
stockholders' equity $ 867,180 $ 904,897
=========== ===========
VIRATA CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except per share data, unaudited)
Three Months Ended
July 1, July 2,
2001 2000
----------- -----------
Revenues:
Semiconductor $ 17,345 $ 21,465
License 1,141 4,157
Services and royalty 1,693 968
Systems 98 1,106
----------- -----------
Total revenues 20,277 27,696
----------- -----------
Cost of revenues:
Semiconductor 10,682 14,092
License -- 124
Services and royalty 486 186
Systems 183 458
----------- -----------
Total cost of revenues 11,351 14,860
----------- -----------
Gross profit 8,926 12,836
----------- -----------
Operating expenses:
Research and development 12,945 5,032
Selling and marketing 5,343 4,366
General and administrative 4,806 3,318
Restructuring costs 6,038 --
National Insurance
Contribution on options -- 2,520
Amortization of intangible
assets 27,927 9,949
Amortization of stock
compensation 1,386 150
Acquired in-process
research and development -- 1,170
----------- -----------
Total operating expenses 58,445 26,505
----------- -----------
Loss from operations (49,519) (13,669)
Interest and other income, net 4,906 884
----------- -----------
Net loss $ (44,613) $ (12,785)
=========== ===========
Basic and diluted net
loss per share $ (0.71) $ (0.26)
=========== ===========
Weighted average common
shares -- basic and diluted 63,097 48,417
=========== ===========
Adjusted basic and diluted
net income (loss) per share(A) $ (0.15) $ 0.02
=========== ===========
Pro forma weighted average
common shares -- basic 63,097 48,417
=========== ===========
Pro forma weighted average
common shares -- diluted(B) 63,097 55,311
=========== ===========
(A) Adjusted net income (loss) per share excludes the
restructuring costs, the National Insurance Contribution on
options, amortization of intangible assets, amortization of
stock compensation, and acquired in-process research and
development charges. Total charges of $35,351 and $13,789 were
excluded for the three month periods ended July 1, 2001 and
July 2, 2000, respectively. The pro forma adjusted income does
not include the pro forma impact of income tax.
(B) Pro forma weighted average diluted shares include
approximately 6,894 potential common shares issuable upon the
exercise of stock options and warrants for the three month
period ended July 2, 2000, using the treasury stock method
CONTACT: Virata
Kelly Karr, 408/566-1026 (PR)
kkarrvirata.com
James Fraser, 408/566-1098 (Investor Relations)
jfraservirata.com
URL: http://www.businesswire.com
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Copyright (C) 2001 Business Wire. All rights reserved.
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INDUSTRY KEYWORD: HARDWARE
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Copyright 2001 Business Wire. All rights reserved.
07/25/2001 20:41
BW
Excel - Greg
Bug. Here ya go.
jhowell@newvisual.com
Excel - Greg
LITTLE PILGRIM (Chuck Girard)
D A/C#
Little Pilgrim walking down the road of life
Em7 Asus A7
I find that in your heart, you're just a lonely one
D G/D
For you see, upon that very road
Em7 Asus A7
My search for good and truth had its beginning
D G/D
You take a little turn to the left
D G/D
And you see what that path has to offer you
Em7 Asus A7
Then you gotta make it back to the main road anyhow
Em7 Asus A7
And you have all that lost time to make up for
D A/C# Bm D/A
And it's a sad thing... to realize
Em Asus A7 D
That you're all alone, that you're on your own again
D A/C#
Little Pilgrim, walking down the road of life
Em7
Can't you see that there are many others
Asus A7
Who are just like you
D G/D
I was lookin' in that same direction
Em
But all I ever found were others
Asus A7
Who were searching just like me
D G/D
And we didn't find the way or the answers
Em Asus A7
To the questions that were buried deep down in our souls
D G/D
We just found that the ways of men have no answers
D G/D D G/D
Anyhow
Dmaj7 D Gmaj7 G
Oh,...... don't you wonder....now
Em7 Asus A D
What you're tryin' to do
Dmaj7 D Gmaj7 G
Oh,.....don't you wonder......now
Em Asus A7 D
Where that path is takin' you
D A/C#
Little Pilgrim, walking down the road of life
Em Asus A7
I know that deep down in your heart that you are just like me
D G/D
What you're seekin' is a better way
Em7 Asus A7
And you're reachin' out for temporary resting places
D G/D
And you're glad to find a little peace of mind here and there
D G/D
But it won't last no, no, cause you'll have to move along someday
Em7 Asus
'Til you're resting in the arms of the only one who can help
A7
you
Em7
'Til you give your heart and your soul and your body
Asus A7 D G/D D G/D
And your mind and your life to the Lord
D A/C#
And it's a glad thing to realize
Em
That you're not alone no more
Asus A7 D G/D D G/D
That you found your way back home
D
Back home
©1974 Dunamis Music/ASCAP
Excel - Greg
Fellowship Of The Unashamed!
I am part of the "Fellowship of the Unashamed." I have the Holy Spirit power. The die has been cast. I've stepped over the line. The decision has been made. I am a disciple of His. I won't look back, let up, slow down, back away, or be still. My past is redeemed, my present makes sense, and my future is secure. I am finished and done with low living, sight walking, small planning, smooth knees, colorless dreams, tame visions, mundane talking, chintzy giving, and dwarfed goals!
I no longer need prominence, prosperity, position, promotions, plaudits, or popularity. I don't have to be right, first, tops, recognized, praised, regarded, or rewarded. I now live by presence, learn by faith, love by patience, live by prayer, and labor by power.
My face is set, my gait is fast, my goal is heaven, my road is narrow, my way is rough, my companions are few, my guide reliable, my mission clear. I cannot be bought, compromised, detoured, lured away, turned back, diluted, or delayed. I will not flinch in the face of sacrifice, hesitate in the presence of adversity, negotiate at the table of the enemy, ponder at the pool of popularity, or meander in the maze if mediocrity.
I won't give up, shut up, let go, or slow up until I've preached up, prayed up, paid up, stored up, and stayed up for the cause of Christ.
I am a disciple of Jesus. I must go till He comes, give till I drop, preach till all know, and work till He stops.
And when He comes to get His own, He'll have no problems recognizing me . . . my colors will be clear.
Excel - Greg
For those of you who want to send a card to John Howell the address is below.
New Visual
5920 Friars Road, Suite 104
San Diego, CA 92108
Excel - Greg
Message from Destiney.
NVC Family
As most know, John Howell has been unrelenting in his dedication to NVC and seeing this tech come to market during this past year. He has given time to each investor in helping him or her understand this technology, its implications and complexities. Well, now he is in need of our support. We have just learned today that his father died last night and John has flown emergently to Oregon to be with his family. I ask that each, regardless of your personal view of him, to send John a note of support in what ever way you see fit. An E-mail, letter, or a card addressed to John Howell c/o NVC would be appropriate. I'm sure when he returns this weekend it will be greatly appreciated.
God Bless,
George
Excel - Greg
Paule. Where is that in the Bible? Thought I've read something about that before but can't remember. Thanks
Excel - Greg
Someday I expect to see this type of a headline but NVs name instead.............
ANALOG DEVICES AND VIRATA DEVELOP ADSL REFERENCE DESIGN SOLUTIONS
Santa Clara, CA (January 18, 2000) - Analog Devices, Inc. (NYSE: ADI) and Virata (Nasdaq: VRTA) today announced the joint development of a reference design kit for the rapid deployment of Asynchronous Digital Subscribers Line (ADSL) customer premises equipment (CPE) devices. The reference design kit is a complete system solution to be offered to manufacturers of external ADSL CPE including modems, gateways and routers. The solution will consist of ADI’s AD20msp930 ADSL chipset, and Virata’s Helium™ communications processor and networking software.
The new reference design offers support for both the G.992.1 and G.992.2 forms of ADSL (also known as full-rate ADSL and G. Lite) and comes in Ethernet and USB versions. In addition, the reference design offers interoperability with central office (CO) equipment based on Analog Devices’ ADSL chips. The kit includes the hardware platform with schematics, physical layer discrete multi-tone (DMT) chipset, and ATM, IP and PC driver software, and is supported by both ADI and Virata.
“As the leading independent ADSL silicon vendor, Analog Devices joined forces with Virata to develop this reference design kit in order to expedite the deployment of ADSL,” said Mike Ziehl, ADI’s director of broadband marketing. “This kit provides a complete system solution for CPE equipment manufacturers and makes their design challenge easier by offering time-to-market and performance advantages as well as flexibility and widespread interoperability.”
“The combination of Virata’s Helium processor, software and systems expertise with ADI’s ADSL physical layer solution and AFE expertise has resulted in a strong broadband design partnership,” added Duncan Greatwood, vice president of marketing for Virata. “This collaboration achieves new levels of integration while meeting the stringent cost and performance requirements of our customers, and enhancing their opportunity for product differentiation.”
The reference design kit features ADI’s AD20msp930, the latest addition to Analog Devices’ leading family of ADSL chipset solutions. ADI’s AD20msp930 AD20msp930 enables up to 10 Mbps of Internet data throughput per subscriber line, which is more than 100 times faster than 56-kbps analog modems. The industry standards-based interoperable chipset is designed for both CO Internet access equipment and customer premises equipment (CPE). The chipset also includes a new high-performance analog front end (AFE), and ADI's low-power line driver.
For its network processing and controller capabilities, the reference design uses Virata's Helium chip, a highly integrated communications processor combining an ATM engine, IP processing, Ethernet and USB interfaces with control of DSL physical layer chips such as the AD20msp930 AD20msp930. Helium is designed for use in high-speed, single- and multiple-user endpoint devices such as modems, residential gateways, routers, as well as in channel banks and line cards for DSLAMs.
Virata is also providing the network processing software for the design, which includes bridging, routing, and tunneling functions in addition to the core ATM processing capability. This integrated software supports ease of development, enabling rapid, low-risk product design and roll-out of reliable cost effective products.
Availability and Pricing
The ADI/Virata reference design will be available in April 2000, and will be jointly sold and marketed by both companies. Please contact Analog Devices or Virata for pricing information.
About Virata
Virata delivers highly-integrated semiconductors with a comprehensive suite of communications software to broadband Internet access equipment suppliers primarily for the DSL markets. Virata’s systems expertise, products and support services simplify development, maximize opportunity for differentiation and speed time-to-market.
Virata is a principal member of the ATM and DSL Forums, and is a member of the ITU. A publicly traded company on the Nasdaq stock exchange, Virata was founded in 1993 and maintains operations in Santa Clara, California; Cambridge, U.K.; and Raleigh, North Carolina. For more information, visit Virata at http://www.virata.com.
# # #
Virata is a registered trademark of Virata. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Except for historical information relating to Virata contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to evolving industry standards, the pace of development and market acceptance of Virata's products and the DSL market generally, commercialization and technological delays or difficulties, the impact of competitive products and technologies, competitive pricing pressures, manufacturing risks, the possibility of our products infringing patents and other intellectual property of third parties, product defects, costs of product development and manufacturing and government regulation. Virata will not update these forward looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect Virata's financial results is included in the documents Virata files from time to time with the Securities and Exchange Commission.
About Analog Devices
With fiscal 1999 sales of $1.45 billion, Analog Devices, Inc. (NYSE: ADI) is a leading manufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. Headquartered in Norwood, Massachusetts, the company employs approximately 7,400 people worldwide, and has manufacturing facilities in Massachusetts, California, North Carolina, Ireland, the Philippines, and Taiwan. Analog Devices' stock is listed on the New York Stock Exchange and the company is included in the S&P 500 Index.
Editors Only Contact:
Colleen Cronin
Phone: 781-937-1622
Fax: 781-937-1058
Email: colleen.cronin@analog.com
Analog Devices press releases are available on the web at http://content.analog.com/pressrelease.
Excel - Greg
Worm has servers seeing 'Code Red'
By Robert Lemos, ZDNet News
Nearly 12,000 servers have succumbed to an insidious new worm that infects unpatched Microsoft server software. It gets its name from its apparent source: China.
• Web Surfer Power Tools
• Beginner's Guide to MP3
• Software Quick Start Guides for Beginners
Almost 12,000 Web servers have been infected by a new Internet worm that takes advantage of a security flaw in Microsoft software to deface sites, security experts said Wednesday. The worm could also help attackers identify infected computers and gain control of them.
Known as the Code Red worm because of evidence that it may have been launched from China, the self-spreading program infects servers using unpatched versions of Microsoft's Internet Information Server software and defaces the Web sites hosted by the servers.
The code is still being analyzed to see if it does any further damage. But the way the worm is written, it could allow online vandals to build a list of infected systems and later take control of them, said Marc Maiffret, chief hacking officer with eEye Digital Security.
"It is a very slick worm," Maiffret said. "Until all these people go out and patch their systems, it will keep going."
eEye found the vulnerability in Microsoft's software--the so-called index-server flaw--last month and reported it to the software giant, which acknowledged the flaw June 18 and posted a downloadable fix on its Web site. Microsoft urged people to patch the hole before the Internet underground could produce tools to take advantage of the estimated 6 million vulnerable systems.
"Obviously, not a lot of people patched it," Maiffret said. "Even with the press, a lot of people didn't hear about it."
System administrators first detected the Code Red worm this past Friday.
The worm spreads by selecting 100 IP addresses, scanning the computers associated with them for the hole, and spreading to the vulnerable machines. The worm then defaces any Web site hosted by the server with the text:
Welcome to http://www.worm.com!
Hacked by Chinese!
Code Red seems to deface only English-language servers, going into hibernation on non-English versions of Microsoft's IIS software.
Believing that Worm.com acted as a collection point for information sent from compromised servers, Microsoft has successfully requested that Worm.com's Internet service provider pull the plug on the site. If Worm.com had built such a list, it could have allowed online vandals to target computers known to be vulnerable.
"That site was a collection point for data about what sites had been compromised," said Scott Culp, security program manager for Microsoft's security response center. "By taking it down, it prevents the malicious individual that created the worm from getting that information. It doesn't prevent the worm from spreading."
But according to eEye's Maiffret, removing Worm.com from the Web will probably have no effect, because the way Code Red is programmed can allow anyone--including an online vandal or malicious hacker--to make a list of every system that has been compromised.
That's because each instance of the worm will attack the same computers in the same order, according to eEye's analysis. Maiffret said that while the addresses of the computers attacked by the worm seem to be random, because the worm uses the same starting point, or "seed," to generate the list, the "random" lists that any two worms generate are identical. Like identical genes, which produce a clone, identical seed numbers produce attack lists that are the same.
That means any computer on the "randomized" list will be attacked by every newly infected computer. By monitoring who attacks a target machine, a list of attacking--thus infected--computers can be made.
One eEye client has done just that, said Maiffret, and found that almost 11,900 servers had been infected as of 7 a.m. PDT Wednesday. Unlike other worm attacks, where the actual number of infections can only be estimated, these numbers correspond to the actual infections, he said.
Unfortunately, if attackers have access to a machine on the target list, they, too, can make a list of compromised machines. Later, an attacker can use the list to take control of the servers.
For system administrators who have not patched their systems, now would be a good time, said Microsoft's Culp.
"We are going back out to customers and telling them that if they didn't put the patch on before, this is all the reason they need to put the patch on now," he said.
Excel - Greg
Hi Matt. Chat is down.
Excel - Greg
RR. If Jessie Jackson gets involved I will sell!
Excel - Greg
Thanks to Robert for allowing me to post this this email reply from JH. It confirms a lot of other emails but in a way I believe more will understand.
Robert
It was a pleasure meeting you at the shareholders
meeting. Thank you for
your words of encouragement.
As we have transitioned from the R&D phase into the
product development
phase, it involves strategic talks with many firms
that are competitors with
each other. For that reason and for reasons of
formal non disclosure
agreement terms, neither side can disclose the nature
of any talks or with
whom. Just because we can't tell our shareholders
does not mean that we are
not making significant progress. It just means you
don't know about it yet.
As we build the credibility of our firm and its
invention, we will see new
faces in the shareholder pool. Your feelings
regarding the daily share
price are shared by many, including myself. We all
wish it were higher and
we all want to know when the trend will be reversed.
That is something
outside our area of knowledge. What we do know is
the extent of the
significance of our technology and the warm reception
it receives when it is
explained.
I appreciated your message. Please keep in touch.
John Howell
Excel - Greg
Is this the question and answer board? Hmmmmmmmmmmm. Looks more like the parking lot.
Excel - Greg
While waiting to pick up a friend at the airport in Portland, Oregon, I had one of those life-changing experiences that you hear other people talk about -the kind that sneaks up on you unexpectedly. This one occurred a mere two feet away from me.
Straining to locate my friend among the passengers deplaning through the jetway, I noticed a man coming toward me carrying two light bags. He stopped right next to me to greet his family.
First he motioned to his youngest son (maybe six years old) as he laid down his bags. They gave each other a long, loving hug. As they separated enough to look in each other's face, I heard the father say, "It's so good to see you, son. I missed you so much!" His son smiled somewhat shyly, averted his eyes and replied softly, "Me, too, Dad!"
Then the man stood up, gazed in the eyes of his oldest son (maybe nine or ten) and while cupping his son's face in his hands said, "You're already quite the young man. I love you very much, Zach!" They too hugged a most loving, tender hug.
While this was happening, a baby girl (perhaps one or one-and-a-half) was squirming excitedly in her mother's arms, never once taking her little eyes off the wonderful sight of her returning father. The man said, "Hi, baby girl!" as he gently took the child from her mother. He quickly kissed her face all over and then held her close to his chest while rocking her from side to side. The little girl instantly relaxed and simply laid her head on his shoulder, motionless in pure contentment.
After several moments, he handed his daughter to his oldest son and declared, "I've saved the best for last!" and proceeded to give his wife the longest, most passionate kiss I ever remember seeing. He gazed into her eyes for several seconds and then silently mouthed. "I love you so much!" They stared at each other's eyes, beaming big smiles at one another, while holding both hands.
For an instant they reminded me of newlyweds, but I knew by the age of their kids that they couldn't possibly be. I puzzled about it for a moment then realized how totally engrossed I was in the wonderful display of unconditional love not more than an arm's length away from me.
I suddenly felt uncomfortable, as if I was invading something sacred, but was amazed to hear my own voice nervously ask, "Wow! How long have you two been married?" "Been together fourteen years total, married twelve of those." he replied, without breaking his gaze from his lovely wife's face. "Well then, how long have you been away?" I asked the man finally turned and looked at me, still beaming his joyous smile."Two whole days!" Two days? I was stunned.
By the intensity of the greeting, I had assumed he'd been gone for at least several weeks - if not months. I know my expression betrayed me, I said almost offhandedly, hoping to end my intrusion with some semblance of grace (and to get back to searching for my friend), "I hope my marriage is still that passionate after twelve years!" The man suddenly stopped smiling.
He looked me straight in the eye, and with forcefulness that burned right into my soul, he told me something that left me a different person. He told me, "Don't hope, friend... decide!" Then he flashed me his wonderful smile again, shook my hand and said, "God bless!"
With that, he and his family turned and strode away together. I was still watching that exceptional man and his special family walk just out of sight when my friend came up to me and asked, "What'cha looking at?" Without hesitating, and with a curious sense of certainty, I replied, "My future"
Author Unknown
Excel - Greg
There was an old man at our church who had loved God all of his life. The man, John, walked around saying "God is Good". He said it all the time, whenever and wherever he was. When John got married he said, "God is Good".
When John lost his job he said, "God is Good". When John's father died he said, "God is Good". When John's wallet got stolen he said, "God is Good".
Well, you get the idea, no matter what John did, or what happened to him, we would always hear him say, "God is Good".
A few months ago, John was diagnosed with cancer. The disease had spread rapidly and he was told by his doctor he'd have only a few weeks to live. Still, even on his death bed, John could be heard by everyone in the hospital repeating his famous line, "God is Good". Our pastor Charles was John's best friend. Charles went everyday to visit John in the hospital. And every night before Charles left John would tell him, "God is Good".
Finally after weeks of watching his best friend get worse and worse from his terminal disease, Charles just could not stand it any longer and asked John, " John you are my best friend and I love you. I love the Lord as much as you do too. I have listened to you say that God is Good your whole life. Through the good times, maybe I can understand you saying how good God is. Maybe even through the hard times, to help yourself cope. But now, laying here on your death bed, how can you be so optimistic? How can you say God is good every day when you know he is letting you die?"
John just looked at Charles and smiled.
"Dear friend, don't you see all of those times I was saying God was Good, it was my way of praising him in the little way I could. And look what my reward is for remainig faithful, I am dying. You say God is letting me die as if that is a bad thing. Charles, have you forgotten that is our goal? To live our life for Him, and join him one day in heaven. See, GOD IS GOOD! He has finally called me home and in a few hours I will be with Him. I can't imagine anything greater than that."
John died that night in his sleep. Charles stood up and said only two things at John's funeral: "I will miss my friend but I know I will see him again one day soon. and GOD IS GOOD."
Excel - Greg
And Jesus said: "I tell you the truth, unless you change and become like little children, you will never enter the kingdom of heaven. Therefore, whoever humbles himself like this child is the greatest in the kingdom of heaven."
~Matthew 18:3-4
Here is a true story about a nine-year-old boy who lived in a rural town in Tennessee. His house was in a poor area of the community. A church there had a bus ministry that came knocking on his door one Saturday afternoon. The kid came to answer the door and greeted the bus pastor. The bus pastor asked if his parents were home and the small boy told him that his parents take off every weekend and leave him at home to take care of his little brother. The bus pastor couldn't believe what the kid said and asked him to repeat it. The youngster gave the same answer and the bus pastor asked to come in and talk with him.
They went into the living room and sat down on an old couch with the foam and springs exposed. The bus pastor asked the kid, "Where do you go to church?" The young boy surprised the visitor by replying, "I've never been to church in my whole life." The bus pastor thought to himself about the fact that his church was less than three miles from the child's house. "Are you sure you have never been to church?" he asked again. "I sure haven't," came his answer. Then the bus pastor said, "Well, son, more important than going to church, have you ever heard the greatest love story ever told?" and then he proceeded to share the Gospel with this little nine year old boy.
The young lad's heart began to be tenderized and at the end of the bus pastor's story the bus pastor asked if the boy wanted to receive this free gift from God. The youngster exclaimed, "You betcha!" The kid and the bus pastor got on their knees and the lad invited Jesus into his little heart and received the free gift of salvation. They both stood up and the bus pastor asked if he could pick the kid up for church the next morning. "Sure," the nine year old replied.
The bus pastor got to the house early the next morning and found the lights off. He let himself in and snaked his way through the house and found the little boy asleep in his bed. He woke up the little boy and his brother and helped get them dressed. They got on the bus and ate a doughnut for breakfast on their way to church.
Keep in mind that this boy had never been to church before. The church was a real big one. The little kid just sat there, clueless of what was going on. A few minutes into the service these tall unhappy guys walked down to the front and picked up some wooden plates. One of the men prayed and the kid with utter fascination watched them walk up and down the aisles. He still didn't know what was going on. All of a sudden like a bolt of lightning it hit the kid what was taking place. These people must be giving money to Jesus.
He then reflected on the free gift of life he had received just twenty-four hours earlier. He immediately searched his pockets, front and back, and couldn't find a thing to give Jesus. By this time the offering plate was being passed down his aisle and with a broken heart he just grabbed the plate and held on to it. He finally let go and watched it pass on down the aisle. He turned around to see it passed down the aisle behind him. And then his eyes remained glued on the plate as it was passed back and forth, back and forth all the way to the rear of the sanctuary.
Then he had an idea. This little nine-year-old boy, in front of God and everybody, got up out of his seat. He walked about eight rows back, grabbed the usher by the coat and asked to hold the plate one more time. Then he did the most astounding thing I have ever heard of. He took the plate, set it on the carpeted church floor and stepped into the center of it. As he stood there, he lifted his little head up and said, "Jesus, I don't have anything to give you today, but just me. I give you me!"
Do you have a willing heart...willing enough to give Jesus EVERYTHING... anywhere, anytime, any place...your whole self?
Author Unknown
Excel - Greg
History
Cambridge has been an internationally respected centre of learning since the 13th century. Over the course of the last century the University of Cambridge has been the origin of fundamental advances in nuclear physics, molecular biology and computer science. Over three hundred companies and commercial laboratories specialising in computing and advanced technology are concentrated in the area.
The Computer Laboratory was founded in 1937 (as the Mathematical Laboratory) for work on mechanical calculators and analogue computers. It became involved in digital computing after 1945 under the direction of Professor Maurice Wilkes. Some of the Cambridge developments of that period belong in the basic stock of computing knowledge, for example the ideas of subroutines and of microprogramming.
In those early days the study of computing as an academic subject and the provision of computing facilities to the University as a whole were intimately bound together. The research undertaken involved either the production of workable computer systems (both hardware and software) or the development of new computer application techniques. Original pioneering work in building complete computers (the EDSAC was commissioned in 1949 and the EDSAC 2 in 1958) gave way to the early development of programming languages and operating systems. The latter included the first British time-sharing operating system on the Titan computer. The 50th anniversary of EDSAC was celebrated in a two-day event, EDSAC 99.
Today
Today's Computer Laboratory consists of 25 academic staff, 10 support staff, and about 35 affiliated research staff. Professor Ian Leslie is the current Head of Department. For more information see the more detailed overview of the Laboratory.
Recent research has included computer architecture for robust operating systems, local area network communications, distributed computing and graphical display techniques. Current research covers a broad range of subjects within the field of Computer Science from theory, through systems, to applications.
The Cambridge Diploma in Computer Science was the first taught course in computing, starting in 1953; undergraduate teaching was introduced relatively recently in 1969. At present there are about 250 undergraduate and 50 Diploma students. A further 80 postgraduates are engaged in research for the PhD degree.
Building on its long and distinguished history, the Computer Laboratory continues with world class teaching and research: it received a 5* rating (the top rating) in the 1996 UK research assessment exercise and was rated as excellent in the most recent (1994) UK teaching quality assessment.
We are currently housed in the Arup, Cockcroft and Austin buildings on the New Museums Site in the heart of Cambridge. In Summer 2001 we will be moving out to the West Cambridge Site to a purpose built new building.
Excel - Greg
Mike. That will bring us GREAT returns. Thanks for asking.
Excel - Greg
Greg,
You have asked about the significance of the Cambridge connection. It has
been pointed out to me that several links to information regarding the
research facilities at Cambridge and about Dr. David Greaves, have been
circulated. Unfortunately, the vast majority of shareholders in this
company or any other for that matter, don't dig very deeply to mine press
releases for their real value.
Cambridge didn't arrive at their stellar position in the telecommunications
world whimsically. As indicated by the company they keep, they don't risk
their hard earned reputation by sending their PhD students on wild goose
chases. The value to us is multiple. Our lab will have at its disposal
some of the brightest minds to assist both theoretically and practically as
we identify and develop solutions to the delivery of complex content without
laying fiber. Only some of that intellectual capital will come from the
studentships. The key to valuable industry alliances is credibility.
Because of the work that Dr. Greaves has done at Cambridge, his credibility
is unparalleled. "You will be known by the company you keep", is an
accurate statement both individually and corporately. It would be difficult
to overstate the value of this Cambridge connection.
John Howell
Excel - Greg
Spanky. Get rich quick? No I agree with you on that. But I disagree on the 24 month timetable. I believe events will happen in the not to distant future that will raise us to Nasdaq level. Once on there I believe we shall rise higher due to institutions and word from Cambridge to the industry along with feature articles.
Excel - Greg
72Driver. Yes Cambridge keeps coming up. I agree with you. They should help us greatly.
Excel - Greg
Rob. I wasn't at meeting so I can't tell you what they said the game plan was. At this time imo it is a combination of the following. Visits they make to institutions that can buy OTCBB stocks. Feature articles as they are able to convince them of the market accepting their tech. Results from Cambridge to the industry which should help with institutional buying and credibility. And of course the announcement of partnership/alliance or aquisition PR.
Excel - Greg
This is my thoughts about a phone conversation with John today.
Most of this comes from the email I sent him the other day.
Patents. When patents were applied for in the US that triggers a time period for foreign patents to be filed. Yes there is a treaty patent that can be done. Besides that though you need to go to each country with the patent written in their language. This is a very expensive process. Before the time period runs out NV will have it done.
Media Blitz. The word blitz means different things to different people. So I'm going to use the word campaign that fits NV and FH.
The media campaign is well under way. As some of you heard at the shareholder meeting around 400 media outlets were or are in the process of being contacted. I forgot what word John used were or are. So you will need to confirm that wording for yourself.
The expectations out of this media campaign is for feature articles to be written. In order to have that happen though it is a process of building credibility in order to have feature articles written.
The reason is because these people need to protect themselves. They look at NV. A little OTCBB company. They say why yes we'd love to write your story but we need to look out for our own reputation also. So we arrive back at the credibility issue. They want to know about this technology.
The media has been approached by countless other companies who say they have the answer to all sorts of problems only to find out it is hype. What makes you think we should believe you is basicly what they are saying?
How can we build that credibility process?
Starting with Cambridge as a HUGE building block. Why? Because in the teleco industry Cambridge is known as number one. Ahead of people like MIT. As the relationship with Cambridge grows so will our credibility to the industry. the information from Cambridge to the industry is taken in the highest regard.
NV is also in the process of bringing our story to institutions that are able to buy OTCBB stocks. Their upcoming travel skedule for this type of activity is full.
In conclusion. The bottomline. Which I know for the majority of shareholders is the price. Here is the reality of the situation from what I believe based on our conversation.
If you were to ask John these two questions.
1. Are they involved in talks with telecos?
2. Are they involved in talks with equipment manufactures?
The answer to both questions would be yes.
So the question a lot of you including me ask.
Then why not help out us loyal shareholders who have held through the worst of times and put out a PR saying we are in talks with major telecos? Great question.
This is the way I understand the answer.
Credibility and trust.
In the teleco industry it is a small world when you get down to it. There is a way the industry looks at things the same.
If we were to come out with a PR saying we are in talks with major telecos they would say look at that OTCBB company in California. We can't trust them to keep their mouth shut like we asked them to. Thus you lose their trust. And with that your credibility.
Now you as a shareholder could come back with the argument yes but we have what they need, and they could increase their revenues bigtime with us. Yes that is true.
But the other side of the coin is have you ever heard of the 100 MPG carburetor? Yes they do exsist. In otherwords. If you make the wrong kind of trouble in an industry that is use to having things happen through different channels their way and you are a small nobody company. You could find yourself on the sidelines.
So I believe you need to ask yourself this. Is NV out there hyping this stock? No. Okay.
So they must methodicaly be going about a process that will have a huge impact in time.
I wish I was able to give you timelines. And all the rest.
But I beleive as hard as it may be for some of us considering our situations. We need to look beyond today. And look at the big picture. Because if we continue to look at today only we will be blindside by what tomorrow will eventually bring us.
So I ask for your patience at this time. I'd hate to lose any of you due to emotional decisions.
PS. Thought I should clear up this last point. Otherwise we may have a tea on the lawn t-shirt. That comment was in reference to Cambridge University. They have a rule no one can walk on the grass there. Okay so thats one of the reasons I never went there!
When Ray and Rich went there they were given the red carpet treatment. They were invited to have tea on the lawn. An honor that is only given to special guests. They had to go out and rent tuxs for this event. As some of you know Ivan is one of four on the board of directors there.
John told me he couldn't say anything else about what or where they went overseas but the fact is yes he said they did more then go just to Cambridge.
Excel - Greg
Thank You much!
Excel - Greg
Does anyone have a link to Business Wire? What I'm looking for is the link to it with contact information to Business Wire available to find out their cost structure of releasing PRs. Thank You!
Excel - Greg
Does anyone have a link to Business Wire? What I'm looking for is the link to it with contact information to Business Wire available. Thank You!
Excel - Greg
Email reply from John.
1. What is the situation with foreign patents? Are they more labor intensive
then US? More difficult? Is this going to hold up NVs global strategies? Or
do you expect to have patent pending protection in place once global
strategies are announced?
Foreign patents are no more difficult if you know the language. Our
domestic filings serve to establish the timing for filing in all those
foreign countries that participate in the treaty regarding patents.
2. Media Blitz? Are we now underway?
It depends on how you define Blitz.
3. You have mentioned in the past as waking up one day to a new corporate
structure. Would that be a partnership with other companies in order to
develop the different applications? And someone from one or more of those
companies added to NVs board?
Maybe
4. Or would that new corporate structure come from an aquistion? And new
board members from there?
Maybe
5. Would it be a safe bet some or all of those players mentioned in the
Cambridge PR be involved when talking about possible partners? Ones who
would
help with their recources and bring us to market faster? And gain instant
credibility? This all make sense? Or just part of it?
If they were our partners it would sure be a safe bet that they would make
sense for us.
6. Rays overseas trips. Obviously they had something to do with Cambridge.
But can you expand at this time on what other activities took place while
over there?
Tea on the lawn.
Excel - Greg
Island life. So you are saying you couldn't tell this was advertising at the bottom of each post? Hmmmmmmmm. I will never understand you people who complain about something you get for free. This is the best message and chat setup on the internet and we don't pay a dime. No pop up adds. Not ten adds per page. A clean looking page. Not dealing with a bunch of spammers and bashers. If you have a problem you receive immediate help from Matt.
This is heaven compared to the others. All I can say I guess is count your blessings. And you also better hope these advertisers get some clicks so this great site stays online. And they have the money to continue to improve. Nothing like biting the hand that feeds you!
Excel - Greg
DickMN. I agree with you completly. Unbelievable! I say send them back to the ZOO at RB.
Excel - Greg