sent--there will be: Posted by: Sentinel
In reply to: None Date:12/18/2003 5:48:40 PM
Post #of 57568
Subject: Webcast summary
From LawyerLong
PosTID 300962 On Thursday, December 18, 2003 (EST) at 5:19:27 PM
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June 2005 is looking pretty solid to me at this point.
The Webcast portends a great deal of excitement in the next year or two. But first, what the bashers will look at as bad news. FF did not state the except number of shares which will be registered in the S3, although did state that it appeared the number needed would be much lower than the maximum. Second, revenues for Q4 will only be about $700,000, (though Q1 will be $1.5 M - $2 M) so this and the S3 may hold the pps down for a while. On the other hand, some insTItuTIons are parTIcipaTIng in the registraTIon (?) so interest at these levels is beginning to take place.
The rest of the news was almost too good to keep up with and I may have errors here. The number of projects moving to the finish line seems to have increased exponenTIally.
Fujitsu has showcased the product which includes EDIG's technology to their distribuTIng organizaTIon and it met with great enthusiasm. They expect to pre-sell the enTIre iniTIal order and will most likely iniTIate follow-on orders in early 2004.
Agreement in principle and expect to close a deal with a MAJOR CONSUMER BRAND combining audio and video with the 01000 form factor. Will be available to consumers in late spring 2004 - OEM and specs revealed at that TIme. Who is the major consumer brand?
Agreement in principle and expect to close a deal with a new major OEM for a consumer version of the digEplayer to reach consumers in early fall 2004 . Product will be available by e-tail and retail - name revealed at launch. Who is the new major OEM?
Agreement in principle and expect to close a deal with the world's largest flash-based OEM (?) for an MP3 player based on micros in a personal audio platform. Arrangements similar to the prior Asian-based OEM deal. I have notes about a 1.8 HDD and the Cornice Storage Element (Cornice SE) . Fred spent some TIme talking about Cornice. Who is this OEM and what is the Cornice/EDIG product?
We also have a separate agreement with the EXISTING Asian OEM for another product which will be unveiled at CES - further details in early January. EDIG has been working with Cornice for several months on this. Another product ???
The revenue/royalty potenTIal to EDIG ranges from several hundred thousand to several million annually. In most cases there will be a 3-6 month lag between the release of the product and the beginning of receiving ongoing/cumulaTIve royalTIes.
EDIG is currently working on press releases with OEMs and partners to be released in conjuncTIon with the CES. EDIG products will be displayed in the TI BOOTH AND in the BOOTHs of other companies at CES. Other PRs are also being planned.
