eConnect Inc. (fka ECNT)

[DaiTN]

Hi Jarta,

I did not know you were at the meeting. Hey, don't be a stranger next time we bump into each other:))))))

Here are the posts that I responded to people asking questions about it on SI, and Filmpreak about our conversation with Don Yarter (the content of his post is fairly accurate).

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http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14699662

<<Not sure if I understand your question, but I think you are asking if the guy is for real from SUN Microsystems? YES, I spoke to him twice, about 10 minutes during break time when I introduced myself and we had a 10 minutes conversation. (Filmpreak from RB did joint the conversation shortly, and about 10 other people quickly cirled us and listen in), I also have another brief conversation at the end of the meeting when he handed me his business card. I have his address, phone number, email, fax, cell number, ect...

I think Filmpreak had post a message on RB about the conversation, I think it fairly sum up the conversation, and I can validate the info on that post. However, I did ask Don yarter 4 questions before Filmpreak joint us, and they were as follow.
1) Are you an employee of Sun Microsystems? The answer was yes.
2) Are you getting compensation on commission, per job or strictly salary? The answer is strictly salary.
3) What is the possibility of SUNW help ECNC with funding?
the answer is almost zero chance, as it is not SUNW policy to help start up company with funding. The assistant come in the form of technology sharing, provide ECNC with needed equipments ect....
4) How about a buy out?
Very unlikely as SUNW is not interest in the transaction processing business. We want to "dominate" the Smart Cards business in the U.S. Amex is the only one that seems to have something going with the "blue chip" cards,but they are having software problems.>>

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Let me see if I can explain the SUNmicro info. I just got in from the meeting I talked for several minutes with the gentelman from SUN. He would not be specific as to exactly how SUN is assisting ECNC. He did say that SUN is working to be THE company for Smart Card Tech. And they are pursueing companies who are developing the tech. He went on to say that ECNC is the only compnay in the USA who has the smart card infustructure in place to process transactions. He said it is his job to go out and find these new tech companies and bring them to SUN. And the SUN makes a decission wich tech to embrace( noting he was not aware of any competitors except for some UK co., of wich he did not even know the name.

He also restated what Mark Hatfield, Sr. Vp of NDFC said that the new standard DPTK(sp) for processing transactions will have to be compliant starting in jan 2001. The exsisting swipers that are out there including the brick and morter devices will all need to be replace because they are not up to the new standard; the ecashpad is and it is also smart card ready.

He also told me AMEX has had many difficulties (software problems) with the implimitation of the of their smart card reader for internet use. He said that with the use of the ecashpad AMEX could solve the problems.


THIS IS IMO. I have not quoted anyone, and I may have misunderstood the information given to me.

Film
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