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Last: 0.215
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Low: 0.200
Open: 0.215
Change: +0.01
Volume: 372,200
Unique and potentially huge feature for the Odyssey 1000.
Date: 6/11/2003 8:11:20 AM Pacific Standard Time
From: XXXX
To: robert@atcsd.com
Robert,
Very happy to see you are close to revealing what appears to be very bullish news for this company.
Can the "write back" feature, which is part of the ECLIPSE product, be incorporated into something the size of the Odyssey 1000 ?
Wouldn't that be a huge feature to add to the next generation Odyssey line ?
Thanks,
XXXX
Date: 6/11/2003 8:20:38 AM Pacific Standard Time
From: robert@atcsd.com
To: XXXX
File: Unknown (1565 bytes) DL Time (TCP/IP): < 1 minute
Sent from the Internet (Details)
Thank you for your e-mail, XXXX. There are technical issues in putting it
into a portable platform; we are working on them.
Best regards,
Robert Putnam
Senior Vice President
e.Digital Corporation
13114 Evening Creek Dr. S.
San Diego, CA 92128
http://www.edig.com
Latest Quote
Last: 0.205
High: 0.220
Low: 0.200
Open: 0.215
Change: +0.00
Volume: 335,800
Bid: 0.205
Ask: 0.225
Bid/Ask Size: 7,000 / 5,000
Apple doesn't want you downloading from your FM tuner. They want you to visit itunes.
Think the "write back" feature has value ?
50K trade: Last 10 trades
Time Price Volume Exchange Info
10:36:34 0.200 100 OTCBB at Bid
10:35:23 0.213 50000 OTCBB
10:34:36 0.200 1300 OTCBB at Bid
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10:24:15 0.215 100 OTCBB
10:22:25 0.210 10000 OTCBB at Bid
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10:14:37 0.210 13400 OTCBB at Bid
10:14:11 0.210 25000 OTCBB at Bid
10:12:33 0.210 100 OTCBB at Bid
redwing99, THIS MONTH will bring us answers to some of the questions, as we find out which major OEM is stepping up to do business with EDIG/Softeq/Hewlett-Packard.
The beginning of some "corporate visibility".
"This financing improves our competitive position and we believe it will yield major new OEM business, increase corporate visibility, and support increasing quarterly revenues.”
and...
"“We are on track to complete and deliver on three major OEM contracts (Softeq/Hewlett Packard, Eclipse by Fujitsu Ten and APS) this summer, with the Softeq/Hewlett Packard product scheduled for completion and delivery this month,”
Last 10 trades
Time Price Volume Exchange Info
10:04:53 0.210 10000 OTCBB
10:03:31 0.215 5000 OTCBB
10:02:20 0.210 5400 OTCBB
10:00:05 0.210 5000 OTCBB
10:00:04 0.215 15000 OTCBB
09:59:58 0.210 5000 OTCBB
09:55:28 0.220 9000 OTCBB
09:55:12 0.210 5000 OTCBB
09:55:12 0.215 15000 OTCBB at Ask
09:53:57 0.210 5000 OTCBB
PATENTS, did someone say PATENTS ? The PATENTED microOS and "patent pending" write back technology are part of the four new upcoming projects from EDIG.(not necessarily together in all projects for you nit-pickers)
The IFE product incorporates the microOS, as well as the Odyssey 1000 and the Softeq/Hewlett-Packard project. The ECLIPSE by Fujitsu-Ten project utilizes the "patent pending" write back technology from EDIG as well.
Patents...apparently key to all these upcoming projects.
It's alive, ALIVE !!! lol. And looking to have more good news and new business in the months ahead.
I noticed Victor Diaz as well.
If there is a connection to Alex Diaz, EDIG's Chairman of the Board, then I'd almost equate that with insider buying.
sorry chwd, didn't mean to post pertinent EDIG business on this thread. I forgot this was a forum to bash the stock and allow repeated "shelf share" panic posts to continually be reposted, among other negativity.
Let's let NEWS be buried by the hoards of bashers so investors logging on late won't waste their time reading about their company.
Plans to Market the Odyssey 1000~Funding to Accelerate New OEM Business Developments and Marketing of Odyssey 1000
E.digital Corporation announces
$1.1 Million FINANCING
Funding to Accelerate New OEM Business
Developments and Marketing of Odyssey 1000
Jo Ann Platt Appointed as Marketing Communications Manager
(SAN DIEGO, CA – June 10, 2003) – e.Digital Corporation (OTC: EDIG) announced today that it received over $1.1 million in funding through the sale of approximately six million common shares. The shares were sold at $0.19 to 18 investors. Many of these investors have purchased e.Digital shares on the open market and participated in prior equity and debt offerings. This transaction terminates the offering of shares by the Company pursuant to the prospectus dated April 23, 2002, as amended.
“We are on track to complete and deliver on three major OEM contracts (Softeq/Hewlett Packard, Eclipse by Fujitsu Ten and APS) this summer, with the Softeq/Hewlett Packard product scheduled for completion and delivery this month,” said Fred Falk, CEO of e.Digital. “We and our customers are very excited about the function and look of these three state-of-the-art electronic products. All three contracts have the potential for larger follow-on orders and further product and business opportunities.”
Falk continued, “We are also working on important new business developments. A rapidly growing number of companies are seeking a domestic solution for new product development. This financing improves our competitive position and we believe it will yield major new OEM business, increase corporate visibility, and support increasing quarterly revenues.”
The Company also announced the appointment of JoAnn Platt as Marketing Communications Manager to replace Wendy Ravenel. Ms. Ravenel resigned for personal reasons after almost nine years of service to e.Digital.
“We appreciate Wendy’s many years of dedication to e.Digital,” said Robert Putnam, senior vice president of e.Digital. “We wish Wendy well in her future endeavors and we welcome Jo Ann to her new post with the Company.”
Prior to joining e.Digital, Ms. Platt served as Director of Corporate Communications for Verance, the leader in digital audio watermarking technologies and broadcast monitoring and verification. Prior to working for Verance, she served as Director of Public Relations with CollegeClub.com and as Marketing Manager at InterVU. Ms. Platt’s tenure at InterVU began in the early days of the company and extended beyond its public offering and subsequent acquisition by Akamai Technologies. Ms. Platt is a graduate of San Jose State University with a Bachelor’s Degree in Communications.
About e.Digital
e.Digital Corporation specializes in technology innovation and applications integration through engineering partnerships with leading original equipment manufacturers (OEMs) designing, licensing, branding, and manufacturing digital audio, video and wireless products and technology platforms. The Company also sells its Odyssey 1000™ digital jukebox through selected e-tail and retail outlets. Applications for e.Digital's technology include delivery and management of open and secure digital media with a focus on music, voice, wireless and video players/recorders, automotive infotainment and telematics systems, portable digital music players and voice recorders; desktop, laptop, and handheld computers; PC peripherals; cellular phone peripherals; e-books; video games; digital cameras; and digital video recorders. Engineering services range from the licensing of e.Digital's patented MicroOS™ file management system to custom software and hardware development, industrial design, and manufacturing services. For more information on the company, please visit www.edigital.com. To shop at the e.Digital online store, please visit www.edigital-store.com.
They just received a bunch of cash ! No debt and revenues on 3 new contracts coming our way...and NEW BUSINESS that has yet to be discussed.
I guess we know why the volume surge took place near the close.
New product delivery this month ??? "with the Softeq/Hewlett Packard product scheduled for completion and delivery this month"...
$1.1 million in operating capital and the company operating near or at breakeven ?
Sounds like EDIG will be here longer than some would like to see.
(SAN DIEGO, CA - June 10, 2003) - e.Digital Corporation (OTC: EDIG) announced today that it received over $1.1 million in funding through the sale of approximately six million common shares. The shares were sold at $0.19 to 18 investors. Many of these investors have purchased e.Digital shares on the open market and participated in prior equity and debt offerings. This transaction terminates the offering of shares by the Company pursuant to the prospectus dated April 23, 2002, as amended.
"We are on track to complete and deliver on three major OEM contracts (Softeq/Hewlett Packard, Eclipse by Fujitsu Ten and APS) this summer, with the Softeq/Hewlett Packard product scheduled for completion and delivery this month," said Fred Falk, CEO of e.Digital. "We and our customers are very excited about the function and look of these three state-of-the-art electronic products. All three contracts have the potential for larger follow-on orders and further product and business opportunities."
Falk continued, "We are also working on important new business developments. A rapidly growing number of companies are seeking a domestic solution for new product development. This financing improves our competitive position and we believe it will yield major new OEM business, increase corporate visibility, and support increasing quarterly revenues."
The Company also announced the appointment of Jo Ann Platt as Marketing Communications Manager to replace Wendy Ravenel. Ms. Ravenel resigned for personal reasons after almost nine years of service to e.Digital.
"We appreciate Wendy’s many years of dedication to e.Digital," said Robert Putnam, senior vice president of e.Digital. "We wish Wendy well in her future endeavors and we welcome Jo Ann to her new post with the Company."
Prior to joining e.Digital, Ms. Platt served as Director of Corporate Communications for Verance, the leader in digital audio watermarking technologies and broadcast monitoring and verification. Prior to working for Verance, she served as Director of Public Relations with CollegeClub.com and as Marketing Manager at InterVU. Ms. Platt’s tenure at InterVU began in the early days of the company and extended beyond its public offering and subsequent acquisition by Akamai Technologies. Ms. Platt is a graduate of San Jose State University with a Bachelor’s Degree in Communications.
chwd, irrational exuberance based on what ?
Based on patented technology thought to be gaining acceptance by major companies like IBM, INTEL, LU. And the price sustained itself over the $5 mark for 7 months based on that and other factors.
Because multiple codecs did not become the way these mp3 markets went, the anticipated demand was not there. The rest is history.
However, what do you think the stock would be trading at today if every MP3 player on the market had the microOS incorporated into its design ?
It's that concept, with regard to patented technology, that adds value to a company.
I know some concepts are hard for our bean counters here, but then, they would never follow an otcbb company would they now ? lmao
owd, the auto stereo world is about to undergo a major change as we move to the HDD MP3 changer.
So you don't think anyone would be willing to pay for EDIG's technology ? Then I suppose Fujitsu-Ten would have the exclusive.
As for your explanation, do us all a favor and explain the following PPS fluctuations for EDIG's stock price and how your model explains that. TIA
01/04/00 12,814,500 5 3.80 4 11/16
01/05/00 16,658,300 6 1/4 5 6 1/4
01/06/00 21,751,800 10 7 8.94
01/07/00 16,773,300 9 15/16 5 6 3/16
01/10/00 7,827,400 6 5/16 5 5 7/16
01/11/00 4,669,700 6 9/16 5 1/8 6 7/16
01/12/00 6,305,400 7 15/16 6 1/2 7 1/4
01/13/00 2,746,200 8 6 15/16 7 3/16
01/14/00 4,810,800 8 1/8 7 5/8 8
01/18/00 7,222,700 9 3/4 8 7/16 9 11/16
01/19/00 6,016,700 10 8 3/4 9 15/16
01/20/00 13,989,100 15 10 1/4 13 7/8
01/21/00 11,184,400 17 3/8 14.20 17
01/24/00 12,819,600 24 1/4 19 1/2 22 3/4
01/25/00 12,584,300 24 1/8 15 1/2 18 1/8
Last: 0.205...volume 717,300
Close: 0.205
High: 0.215
Low: 0.200
Open: 0.210
Change: -0.01
Volume: 717,300
Last 10 trades
Time Price Volume Exchange Info
15:58:42 0.205 18000 OTCBB
15:53:40 0.200 2000 OTCBB at Bid
15:52:42 0.200 5000 OTCBB at Bid
15:50:29 0.200 5000 OTCBB at Bid
15:48:00 0.205 12500 OTCBB
15:48:18 0.200 10000 OTCBB at Bid
15:44:54 0.200 4100 OTCBB at Bid
15:44:54 0.205 11000 OTCBB
15:43:47 0.200 4700 OTCBB at Bid
15:43:46 0.205 4700 OTCBB
All they would have to do is license the "patent pending" technology and take their %.
EDIG would not be the tier one supplier.
I know someone who has a client who holds the patent for a piece of plastic incorporated into auto engines that serves, to the best of my recollection, as an over-spill valve with regard to some radiator function. It's a piece of plastic.
That patent was licensed and incorporated into the engine design and reaps huge benefits to the patent owner, month after month, with zero outlay.
Should EDIG's patent pending write back technology be licensed by multiple device makers what implications or value does that bring to the company ?
Certainly speculation but the power of the patents alone could be dramatic. It wasn't that long ago that a CD player was a unique upgrade on a car purchase. Today it is almost standard equipment.
With the way digital music is being advanced, MP3 changers will likely follow the path of the CD changer.
cass, maybe you should call the company to ask your questions instead of playing games on these boards.
As far as I know it's "patent pending", but it IS EDIG's proprietary technology and is being incorporated into a new product line being brought to market by Fujitsu-Ten.
Quite impressive imo.
Regarding the write back feature and ECLIPSE...
Date: 6/10/2003 9:28:12 AM Pacific Standard Time
From: robert@atcsd.com
To: XXXX
File: Unknown (1517 bytes) DL Time (TCP/IP): < 1 minute
Sent from the Internet (Details)
The "write back" feature will be included in the first generation Eclipse by
Fujitsu Ten product.
Best regards,
Robert Putnam
Senior Vice President
The ECLIPSE prototype at CES boasted the voicenav feature,
I believe.
Over one year later Fujitsu-Ten opted to not incorporate that feature into their first product. That doesn't preclude it from being added to next generation products as ECLIPSE evolves into its market.
Seems like a natural progression for planned obsolescence, if you ask me.
Hey, he liked the Voice-Nav, actually spent enough time to figure it out, like it's that tough.lol
ipod vs Odyssey ~ That consistent comparison, as you note, is the best marketing exposure this little company could ask for.
If Wallstreet knows one HDD MP3 player, it's definitely the ipod, and articles about the ipod draw investor attention, IMO.
moxa1, you were speaking to the initial order for 4000 ECLIPSE units being doubled to 8000, as was the guidance given by management.
For that discussion, you could be labeled a liar by the psycho-squad. lol.
Another Odyssey 1000-ipod comparison...gotta love that exposure.
Very interesting how the article leads with the Odyssey and credit is given to the boys at e.Digital.
With the coming firmware updates the differences will continue to diminish.
Size, that quarter of an inch, is the next easily correctable issue...
And the link to www.e.digital was included-NICE !
"But let's cheer on the folks at e.Digital, too. The Odyssey 1000 doesn't provide the same satisfying experience as an iPod, but it does offer the same capacity and something like the same pocketability, and it throws a couple of exceedingly worthwhile bonuses into the kitty."
"EDIG owns the patents for the Write Behind capability for post signal music/information capture"...
That patent alone, should it be adopted by the auto industry, could make this company a NASDAQ listed company, IMO.
Just one more reason this investor continues to like this investment.
There is value in this company beyond the existing product lines, whether or not the market recognizes that at this moment in time.
cass, EDIG's proprietary technology is EXPANDING.
Not only is it in the O-1000 HDD MP3 player but also is an integral part of even newer products slated for market this year.
Your assessment about it not being relevant is only with regard to its original intent in conjunction with multi-codec players, but since that market did not evolve as first expected, (just ask all the codec companies that failed) EDIG engineers continue to adapt it to IFE units which house movies as well as music and games and WIRELESS technology being adapted by Hewlett-Packard.
But BEYOND that, EDIG owns the patents for the Write Behind capability for post signal music/information capture, which is unique AND going to market this summer...and which has huge appeal for the consumer, IMO and the potential to be viewed as a technology for factory or dealer installed products down the road, which is huge, IMO.
Subj: ECLIPSE
Date: 5/27/2003 4:05:46 PM Pacific Standard Time
From: XXXX
To: robert@edig.com
Robert,
Re:
"The MP-3 Changer also introduces the first ever (Patent Pending) Write Behind capability for post signal music/information capture."
Is this EDIG technology or just part of the ECLISPE system from another company ?
Thanks,
Date: 5/27/2003 4:38:46 PM Pacific Standard Time
From: robert@atcsd.com
To: XXXX
File: Unknown (1501 bytes) DL Time (TCP/IP): < 1 minute
Sent from the Internet (Details)
Thank you for your e-mail, XXXX. This is e.Digital technology.
Best regards,
Robert Putnam
Senior Vice President
e.Digital Corporation
13114 Evening Creek Dr. S.
cass,
they have been doing what it takes to get them to the next opportunity and survive one of the worst business climates in decades.
Their business is now four fold and about to unfold this summer.(incase you missed these PRs, ECLIPSE by Fujitsu-Ten, Wireless via HP/Softeq, IFE w/ a major airline and increased sales of the Odyssey 1000 and Digitalway's expansion into Europe and Asia are on the table)
Sure beats the outcome sblu or Worldcom shareholders experienced.
It also has allowed the company to restructure with a smaller nut to crack, becoming leaner, while we wait for anticipated revenues to flow and the economy improves...and we sit just off the 3 year low to boot...room to move, IMO.
cass, you've got it backwards, as it is you who has been predicting EDIG to be out of business by, what was it, August ?
Now you are in a debate regarding their next and newest revenue stream and how it will be paid, in a lump sum or incrementally over this and next quarter.
I hope the next debate is over installation of the ECLIPSE line being at the dealer or the factory.(forward looking, but then, that's how I invest)
I find it hard to believe that you cannot distinguish between last year's (Collier) business model and this year's (Falk) business model.
Any repayment or restructuring of debt from last years approach has been getting "done" while NEW BUSINESS opportunities have surfaced and product continues to sell.
Do you have proof of this stock being shorted ?
EDIG's share price dropped dramatically, as did most equities during the past 3 years. Shorting may or may not have come into play, but there were many other reasons why the PPS dropped across the board.
The company is still in business, experiencing new business orders and cutting overhead.
News is pending.
cass, can you supply any factual information regarding the payments to EDIG ?
I believe the company stated these revenues are expect to be received starting this quarter and by the end of the September quarter.
So now the issue isn't whether EDIG will be paid, but rather will it be in a lump sum form or incrementally.
lol.
Sent,
issuing additional shares can be viewed as a positive if the capital raised is being utilized in a fashion which will grow the company's business and lift it to the next level of opportunity.
There has been such an emphasis in chat rooms that anything having to do with increased share count is doom that I found it interesting that SIRI has become a hot property in light of its recent effort at financing.
Certainly burning shares just to get by is far from ideal, but issuing shares to take hold of new opportunities and lift a company from the ashes is a completely different mind set.
The market appears to agree.
Who says more shares and more debt is a bad thing ?
Getting Sirius
The company's out of the less-than-$1 gutter and is the
most actively traded stock on the Nasdaq.
By Eric Hellweg, CNN/Money Contributing Columnist
SAN FRANCISCO (CNN/Money) - Anyone monitoring the
Nasdaq's "most active" list during the past few weeks
can't have missed the sudden activity in shares of
satellite-radio company Sirius.
The lowest daily trading amount for Sirius (SIRI) in the
last month was 43 million on May 19. In the first week
of June, north of 250 million shares swapped hands each
day, on average. The stock has shot up from 41 cents in
mid-March to about $2.20 at press time. Not a bad run.
What the heck is going on?
Quite a bit. Before we discuss the trading activity
itself, let's examine the company. Since early May,
Sirius has secured $175 million in financing that should
get it to "free cash flow neutrality," and that infusion
is seen by many as the last the company will need.
It has also obtained $135 million in capital earmarked
for new content in its escalating war with its only
competitor, the market-leading XM (XMSR). Part of that
$135 million will go toward furthering key relationships
with auto manufacturers.
Sirius also announced it was releasing 75 million
additional shares to the public and unveiled results for
its first quarter, during which it had increased its
subscriber numbers.
That's a lot of activity for a few months, let alone a
few weeks. And for Sirius -- a company whose stock
floated along at less than $1 for a while, raising the
specter of delisting -- the boost couldn't have come at
a better time. Even though most of the recent news has
been positive, investors shouldn't think for a minute
that this company is out of the woods.
For one thing, Sirius is a distant second runner in a
largely untested, two-player market. XM launched six
months earlier than Sirius in 2001, scored some great
deals with carmakers, offers a service that costs about
$3 less per month than Sirius's, and boasts more than
500,000 subscribers.
Sirius is working to improve its deals with carmakers,
and it has only about 68,000 subscribers. Sirius's
satellites actually launched six months before XM's did,
but they encountered some chip difficulties, delaying
rollout of the service. This raises a concern about the
company's ability to execute -- something for investors
to keep in mind.
About those auto industry relationships: XM has an
exclusive pact with GM (GM) whereby XM pays GM $40
million per year and offers the carmaker a cut of
revenue. In return, GM installs XM radios at the factory
level in many of its popular car lines.
Sirius recently signed up Ford (F) and Chrysler as
partners (terms of the deal weren't released), but the
radio technology there is installed at the dealerships,
not on the factory floor.
"The dealer installation brings an additional layer of
uncertainty into the process," says Susan Kevorkian, an
analyst with IDC. "The dealers have to be trained, and
some will consider it to be more of a priority than
others. There's less variation in factory installation."
Moving those relationships to the factory floor will be
a tough battle for Sirius, and some investors obviously
think a good chunk of that $135 million will help it
move along.
But why the most actively traded stock on Nasdaq?
"That's great," I hear you saying. "But why are 250
million shares trading hands every day?" There are two
main reasons for this.
First, most institutional investors don't traffic in
stocks that trade for less than $5. This realm is
dominated by day traders and hedge funds, most of which
are heavy-volume traders and are in and out of positions
in a day or a week. When institutions trade, volumes
tend to diminish.
Second, and harder to quantify, is the speculative
frenzy surrounding this stock. As a category, satellite
radio has scored some key partnerships and amassed more
than 500,000 subscribers in a relatively short time.
Many believe that it could be a major media force in a
few years -- and want to get in early.
Steve Mather, a research analyst with Sanders Morris
Harris who has a "hold" call on Sirius, sums up investor
sentiment nicely: "These two stocks [XM and Sirius] have
a chance of changing the way we listen to radio. But
they're in early stages, and they're not home runs yet."
911,816,000 shares outstanding
EPS = <-4.75>
cass, you a heybrad wanna-be ?
owd, "As for F-T, if there is a 400k installed base, why order only 4000?"
The company stated that the initial order was 4000 but based on interest generated at CES, doubling of that order is expected.
They can always order more should they meet with success, and, this is their market alone...an already existing ECLIPSE consumer base, not unlike selling MAC users ipods.
And the potential is quite real, and that's why people like you hang around, ready to jump on the bandwagon.
You recognize these are areas of new business for e.Digital.
Now recognize the bear market is waning and companies like Fujitsu-Ten and Hewlett Packard are turning to new product development to grow their businesses and are loosening up funds to develop these new products.
This is different than an underfunded company trying to break into retail during the height of the bear market.
The fact that these are test markets puts EDIG in an enviable position should any one or several of these markets prove to be as remotely successful as, say, the ipod was.
I believe there are 400,000 existing end users for the ECLIPSE product line. An initial order for 4,000 units seems like just the beginning for the new MP3 changer which involves EDIG's proprietary technology.