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I agree Sent. This is Boyer's spotlight.
These PRs are a personal interest story and get a lot more mileage than we could ever hope to receive. The people who count in the travel biz know exactly what's going on. Quality PR and little if any overhead expense.
DoP
SSI: Folks will find out soon enough...
We're probably better off in the long run since stock will be acquired by more informed buyers. Also, it will keep the day traders at bay for a bit longer and reduce the volatility that drives us all nuts.
DoP
MIR: How about the Greyhound to Albuquerque!
anbdpm: They also print $$$...eom
Mossberg @ 1:20PM EST//
Mossberg Reviews MP-3 Players
Just heard on CNBC that Walt Mossberg will review two MP-3 players to challenge Ipod. That's all I heard. Don't know the products or the time though I suspect piece will show sometime during east coast lunchtime.
DoP
Just finished listening to the webcast again...
and had to throw a few more shares into the shopping cart.
In realtime...I was disappointed.
Weeks later and with more attentive ears...prospects look great!
DoP
Beauty...
is a French phonetic corruption of a short cloth neck ornament.
DoP
Cass: Unfortunately, I've got to get back to work. But...
one last comment.
Though now in my fifties,I love to listen to rock. The heavier the better. To truly enjoy it, it must be loud. This normally alienates everyone in the room.
If I were to take that song...play it over and over and over...eventually I'd start to hate it too.
DoP...out
9: I can't believe you said that in one breath..LOL//
Cassandra: I live just outside of NYC...
Most folks here are in the financial services business so the comparison is not quite apples to apples. In the better communities though you better be knocking down at least 200K. The past few years have been very difficult. Still, on Wall Street if you don't get a bonus of at least two or three hundred grand, you starting looking elsewhere. Seven figures is not uncommon. West coast salaries as also high.
$35,000? Come on, you've got to be kidding.
DoP
This whole thing regarding compensation
has gotten way out of hand. It indicates to me that most of you who are appalled by the salary and bonus packages are totally out of touch with what people earn these days or just endlessly digging up this issue to confuse other investors. The fact as to whether or not you made money with this stock is irrelevant. That was your decision. None of these deals should have come as a surprise. Besides, the stock has more than doubled in the last four years. How do you think Robert was able to exercise his 1999 warrants priced at ten cents.
The fact that upper management is willing to accept such low levels of base pay ( and put up with the endless shareholder bull-hit ) is testament to their desire to see this company succeed. A sizable portion of their financial success has been deferred and is tied directly to the company's future. I wouldn't want to see it any other way. Keep in mind, many kids fresh out of college receive salaries in this range having no work experience.
Remember too, virtually every company (especially during the late 1990's) included incentives as part of the compensation package. If you didn't, you couldn't get talented professionals. This was particularly critical for a company such as e.Digital which was and continues to operate on a shoestring.
Let's give it a rest. Their job is tough enough as it is without having to answer naive inquiries of questionable intent. Go outside and get some fresh air. You spend too much time sitting in front of the computer.
DoP
Just thought of something.
OEMs for O-1000 have been delayed since they all seem to be waitng for the smaller, 1.8 drive.
Also, Odyssey sales have slowed a bit.
bmpskr1: I might be incorrect, but I don't believe they said anything we didn't already know.
I heard nothing new. There were a lot of soons and tremendous potentials though.
Pretty much the same as every other webcast.
blah blah blah
DoP
lickily: "I wonder how many units this initial order is for?"
One...but it will be used by millions of people!!!
DoP
Cass: I thought the reference to pre-recorded audio was telling too.
DoP
MIR: I'm also curious as to how much of the $1.2 million is for development and how much comes from orders.
DoP
MIR: What irks me is that they release the info after the Q&A cut-off time.
Kinda sounds like those headsets...
you get at the museum though I suspect (and hope) they're for a much broader application. Then again, there's a ton of folks who pass through The Metropolitan.
How about walking up to a picture of your favorite artist at a music store and hear samples of the latest release.
DoP
silversurfer: I had questions regarding the tranaction...
because, if they were options, there are different sets of restrictions regarding holding periods, taxes, dollar amounts...etc.
I asked Robert. He indicated that they were not options he exercised but warrants which were issued to him back in 1999.
What restrictions, if any, that might apply I do not know.
DoP
moxa1: Robert exercised warrants not options EOM
We broke even for the quarter...
Less than 1 cent per share (0.0). When's the last time that happened, huh?
Revenues nearly doubled and a lot of receivables appear to be deferred as of 3/31.
Company is still on the balls of its ass yet cash flow appears to be improving.
DoP
Probably selling the Digitalway FL100 under their own name. That ain't ours.
So many old names resurfacing today. It's like traveling back in time to when I bought my original shares at 22 cents before averaging up.
God, I was so innocent then...
"Hi" to you all!
DoP
doni: If we assume that he can come up with enough cash to exercise his options he may have enough stashed away to cover the tax nut as well. Let's just be thankful that the price of and the prospects for the stock made it worthwhile for him to pull the trigger. Better still, that he's in a position to exercise his $1 options in the not too distant future.
DoP
Tin: Then we'll just have to assume he paid cash and is holding for the long haul.
Not bad! Then again, he does hold two jobs.
A Cashless Transaction?
It is possible (but not likely) that this might have been a cashless transaction. I suppose a comparable sale would have to be reported eventually if this were the case.
For those not familiar with the transaction, the stock options are used as collateral to float a margin loan. This loan is used to fund the stock purchase at the exercise price. The stock is then sold; either immediately or shortly thereafter. The sales proceeds are used to pay off the margin debt, cover any expenses associated with the transaction and to pay any withholding taxes on the profit. Anything left over is paid to the former option holder.
My gut tells me that Robert is holding on to his shares. Should this be the case...it bodes well for us all.
DoP
Verance Corp. former home of Jo Ann Platt
Verance Corporation is the world leader in the development and implementation of leading technology solutions focusing on copyright management, royalty distribution, e-commerce, marketing, information and product distribution needs emerging from the confluence of the entertainment, media, and wireless telecommunications industries.
Verance, was recently formed as a result of the merger of ARIS Technologies, Cambridge, Massachusetts and Solana Technology Development Corporation of San Diego, California. The company holds a significant patent portfolio of the world's leading audio watermarking technologies, which have emerged as the core technology component for copyright protection architectures being developed for new digital media formats and e-commerce distribution systems.
The company was selected as the worldwide industry standard for DVD Audio copy control and for Phase One of the Secure Digital Music Initiative (SDMI), which has developed the architecture and specifications for playing, storing and distributing digital music for portable devices.
Verance business solutions span all media, from broadcast to wireless to the Internet, and a broad spectrum of physical formats from analog cassette to DVD. The company has three Divisions, each focusing on specific market needs for digital technology business solutions.
Also see: http://www.verance.com/
DoP
Body is magnesium not titanium//
moxa1: If you do a search in the
Philips website for HDD100 the first thing that comes up is a PDF file with pictures, specs...everything you would want. I don't know how to attach the file to this message but it is there.
To me, it is very similar to Odyssey in many respects although screen placement seems to be a lot lower and weight is less than 6 ounces. I doubt they could shave off all that extra weight by simply making the case out of titanium.
DoP
Hasn't anybody complained that we still...
have O-1000s in stock? Sure was a lotta bitchin goin on when we couldn't keep em on the shelf. Seems that someone would be upset that we're carrying excess inventory!
Guess the glass is half full now.
DoP
What happened to...
the WeDig recording artists? They're no longer accessible from here.
Give it a try.
DoP
Oshemae: I'm not an accountant but...
my understanding is that the company could operate profitably yet the tax consequences would be mitigated due to loss carry forward.
For example, you buy a stock in January and sell it for a profit in November. You operated profitably. However, since you had your ass handed to you in the market over the past few years, the losses from previous years' trades may be used to counter the taxable gain.
EDIG can declare a profit. Those profits will be sheltered until all previous losses are used up.
DoP
Daboss: No, I didn't pin him down...
on the timeframe but would think it's not too far off or he wouldn't have mentioned it. In fact, I don't recall whether the Toshiba disk issue was one of exclusivity to Apple or lack of availability.
As weird as this may sound, we spent most of the time discussing where the company might be 3-5 years from now and what we're doing today to address those markets. You might have suspected that it hinges heavily on the single platform/multiple application unit we'll be initially marketing to the airlines. Eventually, consumer versions of this product could be carried into a Blockbuster store to download content from a kiosk. Later, you will download via the internet once bandwidth makes it widely feasible.
In the interim, the company will count on the O-1000's limited capabilities to generate sufficient cashflow to fund these other projects and to buy time until free flowing content is easily accessible.
If I remember correctly...
from a recent discussion with Robert, the updated versions of the O-1000 were expected to be thinner as soon as the mini hard drives exclusive to Ipod become generally available.
DoP
9: Thank You...eom
Per RP
''We have a growing Odyssey 1000 backlog that
we expect to fulfill before the end of this month based on the
schedule
provided to us by Digitalway. We look forward to releasing more
information
regarding Digitalway and OEM-branding developments as well as our IFE
system, Eclipse by Fujitsu Ten automotive MP3 product, HP headset
and other
business. Per our last webcast, we are making progress on increasing
our
revenues and margins on a quarterly basis. Please listen to our next
webcast
(March 24) where we will provide an update on our business.''
Read into it what you wish. I take it as quite positive.
DoPoD?
FL100: When did we start selling this???eom
moxa1: Probably the units Robert referred to. Is Odyssey scraped off with MPIO written in Magic Marker?
DoP