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duke27

08/14/06 2:07 PM

#83874 RE: RetiredinFL #83872

Very well said retiredinFL.
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SoxFan

08/14/06 2:10 PM

#83876 RE: RetiredinFL #83872

excellent post.

I particularly agreed with this as I know it is not happening in any formal way:

At the SHM, I saw no indication that the various companies were being drawn together into a common strategy. There could and should be significant synergistic effects among them - but they need to be addressed soon.

NEOM has some capabilities on handset development but even that is being done by Romanian developers. I think very highly of Mobot but felt they should have gotten additional funding from other sources as opposed to selling to NEOM.
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clawmann

08/14/06 2:18 PM

#83878 RE: RetiredinFL #83872

Thak you, RetiredinFL.

In particular, I also was amazed that someone would say something at a shareholders' meeting that would make any competent patent lawyer start to review his/her professional liability insurance: "The patents are rock solid." Only a judge has the authority to say that, and no judge would.

IMO, he should be canned just for that unprofessional utterance.
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brewskih

08/14/06 2:19 PM

#83880 RE: RetiredinFL #83872

Retired.....I totally agree. As for licensing fees, I gave an example here of another company that held the supposed BRIDGE to their technology and today, 3 years later their stock is still trading below what it traded at in July of 2003, and they hold the patents for online advertising, a very hot market, unlike NEOMs technology thats still very much undeveloped.

Like you I have numerous times pointed out the patents arent airtight, and the likes of Microsoft or Google have far better programmers then NEOM, and can easily come up with a methodology that will sidestep NEOMs patents. They do it all the time with other software applications and are good at what they do.

I have stated here many times as well the paint cash cow is not the cash cow that many claimed it to be. Profit margins in paint products are minimal at best, proprietory or not. As well I was concerned that this diverted the managements attention away from their core business, which is why I invested to begin with. Not for the paint business but for the paperclick business.

The acquisitions is another topic in itself, and as you point out, there is a lot to be concerned with, when trying to merge 4 new companies under the corporate roof. The promise of increased revenue is just a feel good strategy to the shareholders. Increased revenue dont mean much if you are still losing money quarter after quarter. At least the financial community doesnt put a lot of weight on revenue, when the profits arent there to show a gain off the new revenue.
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big deal

08/14/06 2:24 PM

#83884 RE: RetiredinFL #83872

Amen, retiredinFl