e.Digital Corporation (fka EDIG)

[Tinroad]

BusyBump speaks w/Putnam
http://ragingbull.lycos.com/mboard/boards.cgi?board=EDIG&read=754161

Talk w/Robert late last night.

I was surprised when Robert called me at home late last night. They are working long hours at Edig, but he said that this is normal with the many things going on.

Here we go:

Question #1- Do we have to wait until mid-Sept for any news from/about Edig?
Response #1- In about 30-35 days, we will issue an extensive, in-depth letter, a presentation from management to the shareholders that will contain a lot more detail than we've seen before. We are confident that this information will be what shareholders have been waiting for. However, there will be significant announcements between now and then.

Q#2- We've heard about the "strategic alliance" catch phrase for months. Will we have to wait until mid-Sept for that news as well?
R#2- No. We have selected our partner to service specific needs of our present and future customers and that announcement will be made very soon. (He emphasized "very" but I couldn't get anything more specific.)

Q#3- Fred's letter was very brief....
R#3- This was intentional. We have a great deal of information that we will be able to provide in the mid-Sept letter and we prefer to release it all at that time.

Q#4- Fred's letter also talked about the "business direction" Edig will be taking. Some who read that interpreted that as a possible merger, acquisition, or buyout Care to comment?
R#4- I would not go there at this time. Let me just say that we firmly believe that what we will be announcing will be a positive move that will take this company to another level and will be the kind of direction that the shareholders will like.

Q#5- When will we hear more about VoiceNav?
R#5- Very soon...in conjunction with finished products coming out. This is going to be our main differentiating feature that will separate us from our competition. This will provide our OEMs with a huge marketing opportunity. Imagine hundreds of thousands of files that can be quickly navigated without buttons. No other company has anything to compare and our OEMs are excited about this marketing margin.

Q#6- F&H has not been heard from as of yet. Will they be taking a more active role with this mid-Sept letter?
R#6- F&H will play a major role as products come to market. They need these product rollouts to get our "name in lights." They deal with the media and, up to now, they have been working exclusively behind the scenes, laying the groundwork for the product launches. As products come out, they will be taking a major, visible role.

Q#7- There seems to be so much going on at Edig. Fred can't do it all alone. I know that we've bolstered our engineer ranks. Do we have enough management in place to handle the many facets of this business?
R#7- That is one of the main reasons we brought Jim Collier on board. He has the background and ability to handle the growth and expansion and daily operations. We are also very fortunate to have a very active BOD. It is extremely important to have that kind of talent at the top, taking an active, daily role in the business. I can't go into the specifics of what they have been doing but it will all become apparent soon.

It was late, I had the children to deal, and I had left my notes/question at work. So...that was it. I can only tell you all that as upbeat as Robert usually is, this conversation was a couple of notches up from normal. I sensed an end to the waiting. "Soon" has become "very soon" and considering Robert's assertion that announcements will precede the mid-Sept letter, that can only mean in something less than 30 days.

I hope this has been of some interest. We really are close. Let's try to hold down the unnecessary whining and criticism and see what transpires between now and mid-Sept.

My best to each and everyone of you. Go Edig!