Summary From Yahoo Board:
I must tell you all that I was very impressed by Mr. Turrini, Mr.
Sando, Jill, Calypso's attorneys and Mr. Valenti as well. The poor quality on the conference call was due to the proximity of it to the people speaking early on. To ensure that you all could hear, all speakers held the call pod in their hand and spoke almost directly into it, or they stood next to it when they spoke. I was the guy holding the gsm phone during the ASNAP demonstration when Valente made the calls. To put it simply, it works, and there should be absolutely no doubt by any of you about it. Another shareholder from the DC area watched Mr. Valenti place the calls. The Blublaster demonstration was also successful. These technologies are well engineered and are ready for prime time.
I also asked the question about the timeline, litigation aside, and about the company's prioritization of events. There is a lot they want to do and I wanted to hear their primary focus. Goal 1, build their management team and board of directors so that the company is well grounded. Goal 2, licensing. Goal 3, acquiring new patents and technologies. Goal 4, reinvest in the company to create a broader base by which to acquire more of what they need in terms of acquisition and development. Turrini clearly stated the goal isn't to build an $80 million or $100 million company. The overall goal for Calypso is much larger than that.
Mr. Sharma's presentation was well done and I can't say enough about his expertise in fixed mobile convergance. He knows his stuff. Mr. Leon was in attendance, as were investment bankers who are currently funding Calypso's endeavors. There were several other shareholders there and chairs were added at the back of the room to hold more people.
Overall this was a successful shareholder meeting despite the drop in share value today. I surmise that the speculators who were looking for the licensing agreement today bailed.
This Calypso team has a plan and I think they can execute it. Turrini and others made the point that past management is out, and they are in and moving forward.
AI
