Replies to post #37560 on e.Digital Corporation (fka EDIG)

[DABOSS]

"An early customer of the partnership is Hewlett-Packard, who is working with the companies to explore opportunities for future digital audio products.

"This partnership is an example of HP’s strategy of working with innovative partners," said Robert Corbett, director for Retail Industry Solutions at HP. "HP believes that doing so will result in the development of exciting new products that provide consumers with simple and rewarding experiences by making technologies work better together. It will also allow retailers to provide a more satisfying environment for their customers, and facilitate better customer service."

e.Digital brings to the partnership broad experience in the design of portable products, proven, patented technologies and success in integrating such sophisticated technologies as infrared communications into portable devices."

[Cassandra]

DABOSS: More relevant stats:

I don't know what Dell's gross profit was in its first year. I do, however, know a figure that is more relevant here - the gross profit and GP margin on e.Digital products sold from 10/1/01-12/31/02 (the last 5 quarters reported):

Product Revenue: $2,250,990
Cost of Product Revenue: $4,716,911
Gross Profit: ($2,465,921)
Gross Profit Margin: -110%

In other words, since e.Digital began selling its own products, each $1 in product revenue has cost $2.10.

If you include Collier's salary, the business plan to sell products put the company over $2.5 million more in the deeper than if they had done nothing at all.