Just a few thoughts:
Zaiq Technologies, Inc., a leading electronic product design and verification services provider, announced recently that the Company has been named to the Inc 500 for 2002. The Inc 500 is an annual ranking of the nation's 500 fastest-growing privately held U.S. companies. This for the second straight year. Zaiq technologies is our largest shareholder and the company who put our technology through strenuous tests along with another local bell to insure proper operation of our technology. As a current board member they are undoubtably working towards our future success. And they are good at it.
New Visual announced Dec 30th, that the company has released a prototype of its first semiconductor product offering. Code-named "Embarq™," the company’s processor will allow telephone companies to transmit data at speeds of up to 90 Mbps across a single pair of copper wires. Two of the company’s target customers in the access equipment industry will now begin evaluating the prototype. They have had our technology now for over 4 months, obviously we can conclude it is working for them. If it wasn't we'd know right away. What is taking them so long (our definition of time, not the industries for these processes) one can only guess without further information being released, but here one can speculate they are building a business plan to utilize our technology into their future business plans. As Brad Ketch recently stated; We continue to believe the copper opportunity is just unprecedented in terms of applications, service, equipment and chip revenue. With our chip, a 500-meter binder of 50 pairs could carry 5 Gbps total capacity symmetrically and reliably, opening up the bottleneck, and paving the way for the all-fiber network. The bandwidth in a billion copper pairs can, and will, overwhelm the existing interoffice capabilities, creating new opportunities for new service and equipment revenue. Thus an enormous market already exists for an Embarq connection. Said Lawrence T. Babbio, Verizon vice chairmanVerizon; At Verizon we firmly believe there will be a next phase of industry growth founded on high-speed, always-on networks that enable a whole new generation of products for the home and small business.
Funding, certainly a stumbling point in our confidence in this investment, nevertheless New Visual has been around many years now and they have always obtained funding to continue. Recently they have told us of new funding to arrive soon. They have curtailed spending. And they have a film about to be sold. These actions will get us to ASIC production. Immediate expenses are regrettably being met by delutive measures but this should stop in the near future as other forms of fiancing become available. Once we have one or more announcements regarding the status of our technology currently being looked at, the strength of our companies postion will be immediately be increased, notwithstanding our PPS.
Am I concerned, sure, I can not see everything to KNOW the future of this company. But I am confident that the many good men leading and involved in this company will bring about it's success. Our outstanding shares are still not that high comparatively speaking to eliminate the potential for great gains on my investment here. The market is huge, the need is great, come on NVEI !!!
Best Wishes,
Fam
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