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Last 10 trades
Time Price Volume Exchange Info
12:29:17 0.225 500 OTCBB at Bid
12:29:50 0.225 500 OTCBB at Bid
12:28:56 0.225 7000 OTCBB at Bid
12:26:58 0.225 25000 OTCBB at Ask
12:26:30 0.225 25000 OTCBB at Ask
12:26:27 0.220 20000 OTCBB at Bid
12:23:46 0.225 800 OTCBB at Ask
12:23:45 0.220 1000 OTCBB at Bid
12:23:32 0.220 800 OTCBB at Bid
12:20:43 0.220 5000 OTCBB
ECLIPSE ready to go ? Eclipse by Fujitsu Ten 20GB Mobile MP3/WMA Juke Box Player/Recorder
http://www.cesweb.org/awards/inn_images/innovations_2003/1284/mainphoto1284.JPG
HD1213 Hi-fidelity 20-Gigabyte MP-3/WMA Player/recorder. Supports real-time ripping or Post 5-min recording in vehicle,(128kb/s)for Top-40 songs on your drive. Supports WMA/MP3 (computer) to 320kb/s. Controlled By Eclipse CDC Radios.
Location(s): LVCC No 1-4/1337, Alexis Park/AP2714
I would hope they get them in the hands of reviewers first, to leverage the CES exposure as much as possible.
imo, etail margins are much greater than 20%...
Apple saw the huge growth market opportunity and had the capital to enter that space to the tune of $1.6 Billion with sales of 4 million units.
That market opportunity continues to grow and EDIG continues to knock on that door with a better product, but unfortunately without the necessary capital to engage in the same manner as did Apple. However, this story is far from over as EDIG's product viability continues in a market that continues to grow.
Then there's IFE and auto infotainment...
phil, CES starts next Thursday, and EDIG will be there with the Odyssey 1000, among other things, imho.
4 days or less...Subj: CES
Date: 1/2/2003 2:38:55 PM Pacific Standard Time
From: robert@atcsd.com
To: XXXX
Thank you for your e-mail, XXXX. We will be releasing more information
regarding our participation at CES 2003 in the days leading up to the show.
Best regards,
Robert Putnam
Senior Vice President
Last: 0.220~Close: 0.220~High: 0.230~Change: +0.03~Volume: 603,400
Last 10 trades
Time Price Volume Exchange Info
14:09:21 0.220 1000 OTCBB at Ask
14:07:54 0.215 14800 OTCBB
14:04:41 0.210 45000 OTCBB at Bid
14:03:03 0.215 5000 OTCBB
14:02:36 0.219 8000 OTCBB
14:02:23 0.220 5000 OTCBB
14:01:10 0.220 5000 OTCBB
14:00:58 0.215 200 OTCBB
13:53:10 0.215 10000 OTCBB
13:53:58 0.215 15000 OTCBB
The "January Effect" is when stocks drastically shoot up in value during the first month of the year.
The "January Effect" name was coined by Donald Kiem in the early
1980s. In a graduate research paper at the University of Chicago,
Kiem reported the exceptional returns of small-cap stocks during
January.
CDR, curious,
why the endless and non-stop posting venting your frustrations in this forum ? Isn't that what RB is for ?
To answer your question, I suppose it's a stipulation of the new airline and/or content partners, to announce when they deem it best suitable for them.
E.DIGITAL CORPORATION CONVERTS SECURED NOTES TO SERIES D PREFERRED STOCK
(SAN DIEGO, CA – December 30, 2002) – e.Digital Corporation (OTC: EDIG) today announced that investors have converted an aggregate of $2.05 million of promissory notes to equity in the form of Series D Preferred Stock. The Company has also restructured the payment terms on its $750,000 term note.
Chief Financial Officer Ran Furman stated, "We have come to an agreement that management believes is favorable to the Company. Under this agreement, all of the $1 million of 12% Secured Promissory Notes due December 31, 2002 and all of the $1.05 million of 24% Promissory Notes have been converted into Series D Preferred Stock. The 12% Series D Preferred Stock matures June 30, 2007, is non redeemable and is convertible into shares of Common Stock at $0.20, subject to certain adjustments."
Under the renegotiated terms of the $750,000 Promissory Note, the company reduced its payments to 15% interest only through December 31, 2003. Payments consisting of $50,000 per month, including principal and interest, will begin in January 2004 and continue until May 2005 when the Note is expected to be paid in full.
Mr. Furman added "These important financial changes remove our December 31, 2002 debt obligation, significantly reduce our debt payment obligations in 2003 and improve our balance sheet going into a new calendar year. We are pleased with the confidence shown in e.Digital by these investors."
On the IFE front:Subj: IFE
Date: 12/30/2002 10:59:07 AM Pacific Standard Time
From: robert@atcsd.com
To: XXXX
Thank you for your e-mail, XXXX. One of the main reasons our IFE project is
moving forward quickly with significant interest from the airlines is their
need for additional revenue per passenger. Please call me at your
convenience if you would like to discuss this further.
Best regards,
Robert Putnam
Senior Vice President
Looks like EDIG will be around for quite some time !
Furman added "These important financial changes remove our Dec. 31, 2002 debt obligation, significantly reduce our debt payment obligations in 2003 and improve our balance sheet going into a new calendar year. We are pleased with the confidence shown in e.Digital by these investors."
CDR, time to trade EDIG, at the LOWs ???
I guess if trading for a penny swing multiple times/day is your investment style, then go for it.
I prefer to accumulate near the lows....so when things move significantly, it makes a difference.
You are right, different investment styles...one requiring immediate gratification, the other requiring patience while preparing for a significant move at some point down the road...which has been demonstrated here on more than one occasion.
Good luck.
OT-One thing I learned about AOL vs Yahoo's historical quotes...
one does not display the adjustment for splits while the other does, so the msft data I cut and pasted, though correct, differs from Yahoo's split adjusted quotes. My mistake, but I was only making a point regarding a new company being run by a college drop out.
My bad. However, rather than just point this out as the oversite it was, it is being portrayed on RB as a purposeful deception...surprise, surprise.
The obsession continues.
That's why RB is the cesspool it is.
jt, stop pretending you know the terms for the Odyssey 1000 deal with Digitalway for the Asian market and the profitability threshold for the Odyssey 1000's US etail market.
Your entire argument is based on a guess.
jtdii, LAME ? a $1.6 Billion market opportunity is LAME ?
Apple's success in the very same market in which EDIG is entering is indicative of this being a very real market opportunity for e.Digital.
Apple went from $0 to $1.6 Billion--very real to them.
Certainly EDIG is by no means Apple and does not have either the brand name recognition nor the capital to enter full force, but be very clear that there is NO DOUBT that the Odyssey 1000 is looking at a very nice market opportunity.
Given the right opportunity, EDIG could realize some very real profits from the Odyssey 1000 finding its niche market.
EDIG needs only a very thin slice of that market.
All indications point to that day dawning for e.Digital investors, as CES 2003 will hopefully market the launch of this NEW PRODUCT line going to market.
jtdiii, condemning IFE, auto infotaiment and the Odyssey 1000, all before they have had time to hit their respective markets is easy to do but all based on EDIG's preliminary products and early deals in a very tough market environment.
Suffice it to say that Apple is rather pleased with its ipod generating, in one year, MORE than the company's previous quarterly revenues...to the tune of $1.6 Billion. From that reality, it was not, and is not, unrealistic to still project impressive results from the Odyssey 1000 product line.
Add IFE into the mix and the coming Eclipse product line and there are still some very REAL reasons to own this company at its lows.
Should investors have given this company time to perform and reach its target markets ? After all, the CEO was a college drop out, not to mention the PPS was a non performer for years...
And is there really a market for this technology ?????
Accumulate or move on ???
MICROSOFT CORP
Ticker: MSFT
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
01/02/87 6,316,800 0 5/16 0 5/16 0 5/16
01/05/87 24,225,600 0 3/8 0 5/16 0 3/8
01/06/87 19,996,800 0 3/8 0 3/8 0 3/8
01/07/87 30,468,800 0 3/8 0 3/8 0 3/8
01/08/87 30,713,600 0 3/8 0 3/8 0 3/8
01/09/87 31,820,800 0 3/8 0 3/8 0 3/8
01/12/87 64,332,800 0 7/16 0 3/8 0 7/16
01/13/87 38,121,600 0 7/16 0 7/16 0 7/16
01/14/87 34,699,200 0 7/16 0 7/16 0 7/16
01/15/87 58,449,600 0 7/16 0 7/16 0 7/16
01/16/87 32,683,200 0 7/16 0 7/16 0 7/16
01/19/87 44,078,400 0 7/16 0 7/16 0 7/16
01/20/87 47,832,000 0 7/16 0 7/16 0 7/16
01/21/87 54,192,000 0 1/2 0 7/16 0 1/2
01/22/87 57,960,000 0 1/2 0 7/16 0 1/2
01/23/87 158,774,400 0 9/16 0 1/2 0 1/2
01/26/87 58,219,200 0 1/2 0 7/16 0 1/2
01/27/87 56,995,200 0 1/2 0 1/2 0 1/2
01/28/87 38,323,200 0 1/2 0 1/2 0 1/2
01/29/87 39,576,000 0 1/2 0 7/16 0 1/2
D.Inkie, 3 NEW sources for revenue generation are staring us in the face...which have yet to be factored in to date...along with the existing line of MXP100s, TREOs, and Odyssey 100-300 products...
"Based on the expected deliveries of the first IFE systems, Eclipse by Fujitsu Ten automotive stereo products, full launch of the Odyssey 1000, and other developments..."
AND OTHER DEVELOPMENTS ????
I think we'd all be surprised who has seen the NY Times and PARADE pieces, and as a result have EDIG on their radar screens.
I would guess that any company who is entertaining doing business with e.Digital is focused on new product development and couldn't care less about chatroom bashers or those who have been beat up in these markets, as chatrooms everywhere are laden with those who have taken hits over the past three years and daytraders...big board and/or otcbbs.
It's about tomorrow's opportunity and EDIG presents some rather nice product options for tomorrow, as CES 2003 will likely demonstrate.
WHAT ARE YOU DOING ON JANUARY 9, 2003?
THE TIME IS NOW... THE TECHNOLOGY IS HERE...DON'T MISS OUT!
The 2003 International CES is Only 14 Days Away!
Las Vegas may be America's playground, but from January 9-12, it's technology's breeding ground. Sales. Distribution Deals. Licensing Agreements. New Markets. Partnerships. Business for 2003 is initiated at the International CES, and with it--the fates and fortunes of technology companies worldwide.
IMPORTANT! January 2, 2003 before 5:00 p.m. EST is your last chance to sign up for a FREE Exhibits Plus Pass online. It's also your last chance to get great savings on the CES Conference Program. Register now to save.
Don't spend 2003 saying, "If only I had known."
Wireless…Gaming…Embedded Technologies…Digital Imaging…Home Theater…Home Networking…Home Computing…Mobile Electronics…Audio…Video…Security and Storage…The 2003 International CES is several "shows within a show."
If it's digital, it's here. If it's cool, it's here.
Business and Hollywood celebrities… Superbowl stars and Grammy Award winners… Actors, models and rock stars. The 2003 International CES is about Xtreme entertainment, Xtreme technology and Xtreme business opportunities.
But you won't know what's ahead if you're not there to see it.
Great Airfare And Hotel Packages Available! Round-trip airfare and 3 nights at a landmark Las Vegas hotel like the MGM Grand starting at $149 from Los Angeles! From the east coast - New York, Philadelphia or Pittsburgh - starting at $309 and Chicago from $265. Make your plans to attend the 2003 International CES and experience tomorrow's technology today.
The CES Conference Program-- offering the best in Tech Intelligence
What makes the CES Conference program a must-attend? Practical Knowledge, Value and Authority. CES is the one place on the planet that brings together all of the practical real-world knowledge you need for your business--current, critical intelligence you can apply to your business right away, straight from the people known for forging the high-tech trail.
Register for a Full Knowledge Track Pass-- Your BEST VALUE!*--or one of the top-notch CES Partner Programs, while prices are still low.
*Prices go up January 2 at 5:00 p.m. EST, register now.
Registration is easy
When you register before January 2, 2003 at 5:00 p.m. EST, your registration is FREE! Take advantage of CES' free shuttle bus service that stops at all show hotels and drops you off at the entrance to the South Hall, lower level where you can pick up your badge and badge holder.
The International CES is easier to navigate this year. Just follow the color-coded "YOU ARE HERE" signs to product categories and companies.
Stay Connected in the WiFi Internet Zone
With a wireless LAN card plugged into your laptop or PDA, access the Internet at any CES Internet station in the Grand Lobby of the LVCC. Check your email, contact your office, and stay connected.
Plan a visit to Dolby Labs during the 2003 International CES!
Make your year at the 2003 International CES.
Official Dates: January 9-12.
Pre-show Kickoff featuring Bill Gates: January 8.
SEE YOU IN LAS VEGAS!
Online shopping passes $11 billion
By Margaret Kane
Staff Writer, CNET News.com
December 23, 2002, 10:56 AM PT
Shoppers continued to hit the Net as the holiday shopping season headed into the final lap, spending $11.35 billion between Nov. 1 and last week.
That number--an increase of about 40 percent from the same period last year--comes from shopping comparison site BizRate, which surveys consumers as they finish making purchases. BizRate has about 2,000 stores in its database.
The figures arrive amid a discouraging season for retail in general. Major retailers including Wal-Mart, Federated Department Stores and Kmart all noted that sales for the holiday season would be at the low end of their forecasts, or miss them altogether.
And even when they do shop, consumers are looking for bargains, said Helen Malani, director of corporate communications at BizRate. She noted that 37 percent of shoppers surveyed last week said they were influenced by free-shipping deals.
"We've seen a lot of deals this year, and consumers have been responding," she said. "Consumers have been very deal-centric, and e-tailers and retailers have been offering a lot of deals for them."
Top categories this year include the stalwarts of online shopping: books, music and videos. But apparel has made a strong showing, with consumers spending $1.83 billion online, a hair under the $1.86 billion for books, music and videos, between Nov. 2 and Dec. 13, according to a report from Nielsen/NetRatings, Harris Interactive and Goldman Sachs.
The rest of the top five was made up of travel, with $1.5 billion in sales; consumer electronics, with $1.2 billion; and toys and video games, with $1.19 billion.
"These top five categories cover nearly two-thirds of all consumers spending online, and e-tailers with a focus on these product categories are poised to benefit," Harris Interactive e-commerce research director Lori Iventosch-James said in a release.
Individual retailers have been reporting strong figures. Overstock.com said last week that sales in the first two weeks of December hit $16.6 million, up from $5.7 million in the previous year.
And Amazon.com's "Delight-o-meter," which tracks orders placed through the company's Web sites and through its partnerships, registered 55.4 million units as of Sunday, about 30 percent higher than a year ago at that time.
But while the holiday season gets people focused more on shopping, as Christmas gets closer, people spend more time out of the house or the office, and less time online. And most online retailers' deadline for Christmas shipping have no passed, meaning that online spending should start to decline.
Consumers hit the online stores early, said Carrie Johnson of Forrester Research, which has predicted that consumers would spend $9.5 billion online between Thanksgiving and Christmas. According to a Shop.org/BizRate study, one-third of online shoppers had finished or nearly finished their shopping by Dec. 3.
Deutsche Bank analyst Jeetil Patel noted that product listings at eBay U.S. last week fell by 10 percent week-over-week, erasing the 10 percent gain of the previous seven-day period. "We expect U.S. listings to decline next week in anticipation of Christmas, as both buyers and sellers spend time away from the Internet," he wrote.
And Pacific Crest analyst Steve Weinstein noted that, while Amazon's Delight-o-meter is showing strong sales, "a blowout is unlikely."
Yes and no...
Yes, they did miss the Christmas opportunity as the best time to penetrate the market for maximum sales, BUT their first order offering is SOLD OUT...so at least they will generate revenues from this undertaking to help them move forward and present at CES2003.
Let's hope the reviewers get their hands on this hot new product offering.
Gateway Seeks to Revive Sales, Reinvent Itself
With its share of the PC market slipping fast, its strategy includes extending 'beyond the box'
TOLEDO, Ohio -- Ray Stanton is a perfect customer for Gateway Inc.
When he started looking last week for a computer for his 81-year-old mother, he didn't expect to buy one. But after visiting the Gateway store here, he walked out with his mom's first PC -- a $1,500 system complete with a flat-panel screen and a combination printer and scanner.
"The staff was very courteous and extremely knowledgeable -- more than at the fast-moving, off-the-shelf retailers," Stanton said.
Gateway, based in the San Diego suburb of Poway, needs a lot more customers like Stanton. And it needs them fast.
The company's revenue has plummeted from $9.6 billion in 2000 to an estimated $4.4 billion this year. Chief Executive Ted Waitt has acknowledged that Gateway must rack up strong sales during the holiday shopping season if it is to have any hope of keeping its full-year loss under $250 million. Those dismal results would come on top of a staggering $1.03-billion deficit for 2001.
"We really need a strong couple of weeks as we exit this quarter," said Waitt, who founded Gateway 17 years ago out of an Iowa farmhouse.
But there are no guarantees that the company can pull it off. Price pressure from rivals Dell Computer Corp. and Hewlett-Packard Co. are slicing PC profit margins paper-thin.
And with its share of the cutthroat PC market slipping uncontrollably, some analysts are predicting Gateway's eventual demise, despite the $1 billion to $1.2 billion in cash that the company currently has on hand. "Gateway is probably more valuable dead than alive," said Los Angeles technology consultant Martin Pichinson.
Hoping to generate more business, Gateway has been selling a no-frills computer for as little as $399. Last week, the company went one step further: It began offering this low-end model for free to anyone who purchased a high-end $3,500 desktop or a $2,400 laptop. To some, such a promotion seems more appropriate for a fast-food chain -- buy one burger, get another at no charge -- than a purveyor of technology.
"It sounds like you have a very desperate company," said Pichinson, founder of Sherwood Partners, a tech-sector crisis management and debt-restructuring firm.
Still, Gateway's strategy involves more than giveaways and price cuts. The company is trying to reinvent itself by branching out beyond computers and such traditional peripherals as printers. Its foray into higher-margin digital equipment and "beyond-the-box" home entertainment could breathe new life into the firm.
Gateway's 272 stores and Web site now carry consumer electronics items such as digital cameras, MP3 music players, video cameras and an enormous 42-inch plasma television that can hang on a wall. At the Toledo store, an employee unwrapped and quickly assembled a tablet computer, a brand-new product that had just arrived for sale.
Indeed, Gateway's problem isn't its merchandise, analysts say. People like the products and rave about the customer service. The company's brand value is on a par with industry leader Dell, according to independent research studies.
Stanton dropped by the Gateway store last week because he trusts the name, even though he uses a Dell PC. Once inside the store, it took him all of about 20 minutes to make his purchase. "It was nice to get in and out quickly," Stanton said.
Yet, despite this kind of consumer satisfaction, Gateway is taking a beating in a world of slowing consumer demand for PCs and relentless price competition.
Its U.S. market share dropped to 6.1% in the third quarter from 7.5% during the same period last year, according to market researcher Gartner Dataquest. Over the same period, Dell's share grew robustly, to 28.9% from 25%.
Gateway's battered shares have fallen from about $80 in late 1999 to close Friday at $2.79 on the New York Stock Exchange.
"Gateway is not a stock that I would own at any price at this point," said Joseph Beaulieu, an analyst with equity research firm Morningstar Inc. and an owner of a Gateway computer. "They're losing money, and they have no viable business plan to turn things around."
This kind of talk is tough for Gateway -- the kind of company that many people are inclined to root for. Waitt, 39, started the firm with a rented computer and a $10,000 loan guaranteed by his grandmother. Like Michael Dell, Waitt was an entrepreneur with a vision of low-cost supply emphasizing value and customer loyalty. Sales quickly ballooned.
Gateway has maintained a down-home, folksy feel. Until recently, its shipping boxes were white with large black spots reminiscent of a cow. Ads stressed customer service and its knowledgeable, friendly staff who are available to demystify the often intimidating beige box that houses a PC.
But costs soared, especially with regard to its stores, as the competition became more ruthless.
Last year Waitt returned to the company he had left in 1999, and moved its headquarters to Southern California from South Dakota. He also cut Gateway's workforce by 10%, shut down its Internet service and began closing more than 50 stores nationwide.
Still, that hasn't been enough.
"It appears Gateway's aggressive pricing strategy is not working," said technology analyst Joel Wagonfeld of Banc of America Securities. "Either Gateway's expectations for the quarter were far too optimistic, or the company is losing share, both of which do not augur well for the stock."
Gateway declined to make executives available for this story, citing its "quiet period" ahead of its fourth-quarter and full-year earnings announcement Jan. 29.
Waitt's comments at a recent technology conference were infused with excitement over the new directions Gateway is undertaking and products it is carrying. But they also revealed a sense of dread about the competition. Whereas Dell and HP crowed about strong Thanksgiving weekend sales, Gateway's take was muted.
"It's a pretty brutal pricing environment," Waitt said. Regarding Thanksgiving sales, he added: "What we saw was good but not great."
Some analysts fault Gateway for uneven store quality. Though certain outlets are picture-perfect, others are dingy places that display broken computers and peripherals that aren't properly connected.
Critics also have hammered Gateway for building its stores away from destination shopping centers. Rival Apple Computer Inc. has benefited from putting its locations inside malls and high-traffic retailers such as CompUSA.
Waitt said Gateway is reassessing the sites of its remaining stores. High overhead and a fixed cost structure for its stores is hurting, but next year about 120 leases come up, and more may be closed or relocated.
With growth in the PC market next year estimated in the single digits -- compared with more than 20% in some years during the 1990s -- shedding more stores could buy Gateway some time to rebuild market share and await the next cycle of consumers upgrading their computers.
But if Waitt can't turn the company around soon, the consequences could be dire, warned Pichinson, the technology consultant.
"We believe there's just no room for them," he said. "Dell is beating the you-know-what out of everybody. There's just no margins anymore. You've got to know when to hold them and when to fold them."
Pichinson is convinced that Gateway should liquidate and shut down, or find a foreign partner such as China's biggest computer maker, Legend Holdings Ltd., which could use access to the U.S. market.
Meanwhile, Waitt is contemplating a Christmas that doesn't look so cheery. "A lot of people are out talking about successes this holiday season," he said at the conference, but "I don't see anybody pointing to desktop PCs as being a hot Christmas item."
Intel CEO Craig Barrett to Keynote at Consumer Electronics Show on Jan. 9
What: Intel CEO Craig Barrett will be the keynote speaker Jan.9, at the 2003 International Consumer Electronics Show (CES) in Las Vegas.
In his speech, Barrett will discuss his vision of the future of computing and communications innovations that will allow consumers to connect anytime and anywhere with entertainment, information and other people simply and easily.
Intel will also exhibit a broad array of consumer products and offer hands-on gaming, music and video demonstrations in its CES booth.
When: Keynote Speech
Thursday, Jan. 9
Keynote begins at 4:30 p.m. PST
A year makes a difference-Company of the Year
"Investors who bought Amazon.com [AMZN] shares on Jan. 2, 2002, have more than doubled their investment at year's end. In fact, Amazon was the best-performing stock of the Nasdaq 100. Though he may no longer be the Internet wonder child, Jeff Bezos has morphed into something even more impressive: a solid businessman."
What's even funnier Fred, is that if you had
listened to everything the Zacks of the world had stated, you would have never participated in the stock's tremendous appreciation in the first place, as the bashers do what bashers do, non stop...and that's bash...regardless.
Everyone who comes to invest in the stock market hopes to have an opportunity at seeing their investment appreciate. EDIG longs had that opportunity bigtime.
When did you come into the picture and what DD prompted you to take an initial position at whatever point you entered ?
Tenderloin, regarding video info at CES2003...
"We are preparing for the International Consumer Electronics Show (CES) in Las Vegas January 9-12. Our booth in the Las Vegas Convention Center South Hall, #31173, will showcase the official launch of our Odyssey 1000, as well as MXP 100, Treo 15, Odyssey 100, Odyssey 200, and Odyssey 300 branded consumer electronics products, and will also have information on OEM platforms featuring digital audio and video support. We are planning to have products and technology platform demonstrations in several OEM customers' and partners' booths as well as in technology suites and pavilions. We will be releasing more information regarding our participation at CES 2003 in the days leading up to the show."
redwing99, It is rather amazing
how EDIG has so many products which we can now touch, feel and own, as compared to just a little over a year ago, not to mention several new growth markets with some very exciting prospects for exposure and revenue growth, yet the overall market malaise dominates the flow of new money to such budding opportunities.
At some point, and hopefully in the not too distant future, EDIG's market potential will again be recognized.
I think that formal recognition of EDIG by several NEW partners, coupled with contracts in hand, will go a long way to refocusing investors on what we have here.
Hopefully CES2003 will shed more light on how big the IFE opportunity will be and the direction of handheld video players utilizing DivX/software/games/movies, etc, and the FORMAL LAUNCH of the Odyssey 1000 will attract much needed attention for the product which is better than today's crowning champion, the iPod.
EDIG does not have all its eggs in one basket and has managed to position itself into some very exciting new market endeavors while the entire stock market has been contracting.
It always amazes me how one day we can wake up and there is an entirely new perspective on a company. Sometimes all it takes is a comment by an analyst, a mention in an article, or a PR by a new partner, or news of a new contract...but rest assured, as long as EDIG is able to continue to find marketable applications for its proprietary technology, somethings gotta give...and I plan to be here when that happens.
Love the DivX piece !
CES2003-January 9-12th
That gives promise for the upcoming quarter/year. With what we already know regarding upcoming CES revelations, this statement from DivX supports the hope that EDIG's "potential" continues to morph into a market reality.
Some of you might be wondering what we've been up to since DivX
5.0.2 was released in May 2002. Well, we haven't been sitting
idle. We've been hard at work laying the foundation for DivX video
to be included in all sorts of new software and hardware products
in 2003. We're working behind the scenes with game developers,
software developers, and hardware manufacturers to make sure
you'll be able to watch DivX everywhere, and that the video
quality will be up to the standards you've come to expect from
DivX.
Blackdog, ya got me howling ! Secure delivery and content management~what a concept ! Bring on the content providers !!!
Horray for Hollywooooooooooooooooood !
IFE: Estimated Figures for 2002
Based on activity during the first half of 2002, we estimate a modest growth in total expenditure to US$1.81 billion during 2002. As airlines take-up new aircraft deliveries that were previously postponed, expenditure on hardware, systems and infrastructure is expected to grow again. Spending on content, logistics and ancillary is expected to continue its modest growth in line with the natural increase in airline passengers and IFE audiences. Inflight communication growth is much more unpredictable as we are on the cusp of various new technology and features. Overall, the figures do show a resilience in the industry and indicates an ability to bounce back from adversity.
OZ, the impact of the IFE market is not well understood by most of us here, however, there are some who have insights into the tremendous dollars at stake for the airlines and the IFE markets and what that could mean for EDIG down the road.
As we shareholders hear more specifics on this front, we will begin to better understand how big BIG really is.
EDIG's new IFE venture represents tremendous cost savings to the airlines in their IFE budgets while allowing them to add value to their customers and further generate revenues while competing with the new kids on the block like Jet Blue.
EDIG stands to benefit not only on the hardware side of the equation but also with a continuing service contract to update content monthly as well. So creating a recurring revenue stream while building and selling new devices bodes well for investors.
The exposure EDIG should/could get from an announcement from a major airline and/or movie studio and/or game maker would set this company into a new light.
Market sentiment will change at some point...it just needs a reason to do so and EDIG making waves and selling under a buck could be that reason.
And, I am confident there is more going on behind the scenes that will come to light down the road, as EDIG's technology will likely seek out other new avenues for application. Last year at this time IFE and auto infotainment were the furthest things from our minds...as most here were focused on the MXP100 coming to market and obsessing over that.
All these things combined, Odyssey 1000 exposure/IFE/Eclipse, starting to pile on, add credibility to the promising technology that first attracted most investors.
EDIG is finding those niche applications for its PATENTED microOS, and fortunately for investors, this story goes well beyond a basic MP3 player.
The value to shareholders of OWNING this PATENTED TECHNOLOGY is becoming clearer by the moment.
At some point the market will recognize the value of the PATENTS as more high profile market opportunities continue to evolve.
Having an improved quarter and projections for a better calendar Q1 won't hurt either, as the bottom line needs and will be addressed, going forward.
I am hopeful that CES2003 will shed more light on these very exciting avenues for growth...just 3 weeks away.
Currently, my favorite DOT...
http://store1.yimg.com/I/edig_1721_13936
Stoops,
That's what I thought I heard in discussions after the SHM...that they were dropping to that level in an effort to continue to conserve on that end.
You could be right. I imagine we will here this next Q the exact figure, but either way, it is a rather low burn rate.
We are long past dot connecting, as product applications for EDIG's PATENTED microOS, in multiple industries, continue to surface.
Not only are there multiple DAP products available in a wide range of pricing strategies but the IFE and auto infotainment markets have been identified and continue to come into focus...with a target launch for calendar Q1.
If just one successfully marketed DAP product can yield revenues in the neighborhood of $1.6 Billion for Apple in today's brutal market, what could similar product successes do for a company now running with a monthly burn rate of only $250,000 ?
EDIG needs just a sliver in these markets where new products continue to find consumer demand.
While Apple sold 4 million ipods this past year to garner 15% of the DAP market and generate $1.6 BILLION, EDIG's manufacturing partner is the #1 seller globally, and I believe they command 33% of the global market.
How much of this market their Odyssey 1000s will garner remains to be seen, but it would appear this new product line will get plenty of attention, especially considering the "pre-market" press already seen in the NY Times and Parade magazine and the bigger margins in play.
The continued exposure of the "powered by e.Digital" branding coupled with any IFE exposure (which should be rather enticing considering a major airlines and content provider will be named) should continue to differentiate this company.
Still moving forward into high profile growth markets.