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I'm not excited about an erroneous blurb on some ife website. I think it's a joke that people got all excited about it.
(just giving *some* credence to that whole notion of "there's no such thing as bad press", or in this case erroneous press).
I guess you could make the argument that even though the article is misrepresentative of Edigital at this time that the exposure is good. (The article totally misrepresented Edigital)
However, those who interpret the article as some glorious new thing for Edigital are flat out wrong.
Yesterday's InflightOnline article...
Not that most here are surprised but it's amazing how this totally misinterpreted article (at least the portions related to Edigital) is trying to be spun by those on Agora as something that's newsworthy and good.
The reporter's article looks like it was based solely on portions of Edigital's PR from Monday, August 15th. There's actually many portions of the article that are direct cut and pastes from the EDIG PR.
http://www.agoracom.com/nonmemforum/msgreview.asp?id=411568&refid=0&orig=411568
I posted this awhile back on Agoracom. Not that prediction #1 was hard to imagine.
For now, Digesystem comments go in the same bucket as TGE, the unannounced large Asian customer, etc. They put out press releases regarding all of them (with the safe harbor agreement) but then refuse to provide updates on them.
That's their legal right but there's nothing preventing them from providing more info either.
I recently asked RP for a basic, generic comparison of Edigital's involvement in the Digeplayer as compared to the digesystem. The answer(paraphrasing)..."we'll let you know in upcoming communications if Wencor gives us permission"
Who knows, maybe there's some huge surprise out there but I'm not holding my breath.
He's done the same to me. It's not "illegal" but it sure as heck is frustrating to say the least. It still baffles my mind as how people (nobody here) are just willing to shrug their shoulders with this stuff and then claim I'm "bashing" or trying to run the company down.
I mean any stock analyst would go nuts on a NYSE/NASDAQ company if this was the way it communicated.
RP probably has the Safe Harbor agreement as a poster in his office (you know...rather than those "motivational" posters ("Responsibility", "Excellence", "Passion", etc.))
Right you are...speaking of that..what's more hilarious is that they even use the word expect on when they'll make an announcement about the shareholder meeting.
Basically, "we're now announcing that we expect to accounce". You mean to tell me they can't at least state unequivocally that "The ASM will be announced no later that June 21, 2005." That's certainly within their control unless their's now an "unnamed, super-duper, eastern mongolian OEM company" that's now providing logistics for OTC company shareholder meetings.
Exactly, but they'll blame TGE for that even though it's an Edigital communication.
Can you imagine if Dell said they were going to ship a million units of PCs with the latest Intel chip in it and then refused to provide an update on that statement and then basically stated "Oh well, Intel provided that info so you can't blame us/"...I'm sure that would go over really well with analysts who cover Dell.
From today's PR:
"We are encouraged with the progress being made on business opportunities involving enhanced versions of our proprietary video/audio technology platform outside of the in-flight entertainment industry"
What is the point of this statement (other than being non-specific as shareholders get upset (legitimately) about being told of specific business opportunities {TGE,"Asian Customer",etc.} and then having those mysteriously disappear without a word from Edigital other than the Safe Harbor agreement.)
I mean, any company, could issue a statement like that every day: "Our company is making progress on business opportunities trying to sell our product to customers who want it"
Maybe they can just get a rubber stamp with that on it.
I sent RP an email a few months back about this. I sent him a portion of that release as well as the snippet from the release (webcast) about the million units from TGE.
I simply asked if management had more confidence in their more recent statements about the "Asian customer" than they did about the TGE statements that have led to nothing.
But, of course, I did not get a response.
I'll believe it when I see it. Until we see some sustained quarter to quarter results I remain skeptical of any guidance or forward looking statement as for 5 years none of them have led to anything (at least as of yet).
That's old news. That paragraph could be misleading to some as the 620 additional units ordered are only a part of the revenues talked about.
Well, if it is one of the big ones, I agree with lickily...at least it's a foot in the door. Although I'd be miffed a little with the continuing symantics-driven communications from management
My bet based on the history of "edig-speak" is that if TED is a digeplayer "buyer", then it would be classified as one of the two larger airlines simply because of the United name being attached.
Anyone know the scoop on why no review of DMP X20 on CNET yet?
Looks like a part time baggage handler knows how to run a business better then RP/FF.
Where's the revenue guidance you speak of?
Or she pulled the Musical one from the Recycle Bin.
Beautifully said. The 4 PRs that we've seen are pure fluff. What a joke. Even if they are fluff, they could've at least put them out when the market opened rather than when they walked in the door at 8:00 to their office.
Couldn't agree more. If these are the only PRs we get then it looks like things really haven't changed at EDIG. Hoping things have changed and we get some PRs with substance over the next few days.
Since there's been no official announcement/PR of the Gateway deal (other than emails from RP), the PR about the new Asian OEM and the statement about new financing for new OEM business could relate to the same thing.....or not, of course.
Let's hope it's an issue with Gateway or the OEM and not Edigital
The "new" OEM mentioned in the alert could be the OEM for the Gateqay player. I wouldn't be surprised if that's the case. Nothing's been formally announced about Gateway so this statement could apply to that .
Or, of course, it could be another but I'll wait and see.
Regarding the financing...alert mentions "closing significant new OEM business"...anyone have any confirmation this is something other than Gateway (and manufacturer0. Gateway hasn't officially been announced so this statement could apply to this and not another OEM?
Just catching up..when's the new website supposed to be up? (just curious as a new website is so small with everything else going on)
Question: Are you still concerned about the ongoing viability of Edigital? Gateway doesn't seem to think it's question. And, what is your opinion on where Edigital is as a company as compared to say a year ago? two years ago? Yeah, we all know the financial situation ain't the greatest but even you must admit there is some light at the end of the tunnel?
Yes, he says the expect to release further information as the holiday season approaches. That techinically means just information being released, not necessarily a product being released before christmas.
Christmas season:
Let's hope they're getting their collective butts in gear right now to get some brisker 0-1000 sales during the upcoming holiday season.
Has anyone gotten any more information about the "contract" with the major airline. Is it just for a trial run of the product? I don't know of any specifics related to this? I've emailed RP about this topic but have received no response. And, I can't imagine why they can't at least tell us generally if this "contract" is just an initial order or if it's something more concrete.
Revenue Guidance: It says they're going to give revenue guidance in the webcast. Based on last year's debacle this will be interesting to see what they say (come up with) this time.
If units sold were brisk, I'm sure they would tell us the numbers. I would surmise that by not giving unit figures, then unit sales probably aren't that good. If RP's 2000 units/month figure were true you might actually hear more about it.
Why is the information in that agora post only available in email/personal conversations with RP. Why isn't some of that made available in a webcast or PR?
What does "We expect possible product extensions/upgrades" mean? That's like saying I expect to possibly win the lotto if I go and buy a ticket. I'd be happier if RP just wouldn't respond to stuff like that.
At least no Safe Harbor wording in the PR...
Company also said they'd have 2.6 million in revenues in 3Q last year and said they'd be "revenue neutral" already. Need the 10-Q and 10-K to match what management states and then we'll get some more confidence.
Semantics...even if EDigital is just technically a partner with Softeq, edig innolvement at least says that Softeq has faith in EDigital. I'm sure Softeq isn't going to just pick anyone to help them with a project for HP that they certainly want to do right and keep HP happy.
There's also a link to the specs for the device on that site. Looks like someone scanned in a paper copy so it's hard to read but here's the link
http://www.ifeinsider.com/airfax/media/skyview_datasheet.jpg
Daboss, maybe people are leaving? Thta's another possibility it they're hiring. You're putting spin on information that you don't have all the facts on.
I agree with you. My main point was that people were implying it was just a coincidence the webcast came on the same day as the filing. I happen to disagree but remain hopeful that things get better going forward.