By: BusyBump $$$$
Reply To: None Saturday, 5 May 2001 at 10:55 AM EDT
Post # of 672511
A Brief Talk w/Robert.
I'm sorry I haven't been able to contribute anything to the board for a long
time. I am still dealing with a major medical problem with my wife and caring
for our 6 children.
I asked Robert just one question. (Excuse me if this is all old information
as I am atleast a month behind.)
I asked: "What is the main reason for the recent runup in the share price?"
His answer: " The Bloomberg article out of Taipei about Intel ordering $61
mil worth of music players demonstrated that things are percolating in this
industry. It showed that the major companies are interested in this field and
are scrambling to be a part of it. The PC manufacturers and those in related
areas realize that the old days of selling PCs are over. They are looking for
alternate sources of revenue and they see it in the handheld and wireless
devices. Edig is intensely involved with many product platforms and people
are aware of it."
I commented, "Well. it seems pretty obvious....the
connection....Intel/Eastech/music player/ Edig!"
He answered, "You know I can't comment on that at this time."
I acknowledged that, after which he continued, " The term "MP3 player" has
become a generic term for any and every music player as far as the general
public and the media are concerned. The use of that term in the Bloomberg
article doesn't mean that Intel is ordering $61 mil of purely MP3-type
players. There may be some of those in the order but that term doesn't
accurately indicate what the order consists of. We will have to wait more
information."
I think the implication was clear enough....the connection is all too obvious
and the share price reacted accordingly.
I would look for some announcements soon that will clarify the situation.
Hopefully, those announcements will involve Edig.
all the best to all of you.
AI
