Wednesday, January 12, 2005 10:43:07 PM
When I first read the release today I had to look at the calendar to be sure the date wasn't April 1st.
Here's what worries me... we have other players trying to catch up to where MM5 is and at least one of those is well funded and a major player in the copy protection business. The other is a company that we were once supposedly going to purchase and perhaps others as well.
Our grip on the market is tenuous if not non-existent and I fear that wasting time as we have has allowed our competitors to catch-up. I guarantee there would not be a moments hesitation in using Macrovison technology assuming it was acceptable but the same still can't be said for Sunncomm.
The more Sunncomm puts out press releases like todays, the less confidence i have in anything else they say. The answer for the naked shorting problem was to build a real company and we failed at that... for the time being we're getting an assist from SHO as the naked shorts leisurly cover some massive short positions.
Peter is actually a great guy who inherited an enormous mess and has done what is necessary to correct it all and build a real company. Unfortunatley though he has accepted horrible advice from people not qualified to give it.
Peter is to be applauded on the one hand for what he has accomplished up till now but it is on his watch that the company continues to refuse to become a good corporate citizen and this will prove to be Sunncomm's undoing imo.
Wall Street will never take you seriously if you are not dressed for the dance and we've shown up in a torn and tattered dress with grease stains all over it... no one's gonna dance with us.
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