Interesting letter...
some points...
...a number of important developments happening at the same time.
...last week we saw institutional investors buying our stock for the very first time.
...Thomas J. Cooper, bought an additional 100,000 shares in the open market with his own personal cash.
...Conversions are Complete.
...The Embarq™ E30 is the only transport processor operating at VDSL2-like speeds that integrates voice processing. In doing this, it establishes a superior competitive position and adds premium value to our already excellent value proposition.
...Trademark Infringement. Turning to another matter, many of you were as surprised as we were to learn in January that Sprint Corporation is renaming their business that serves DSL lines to consumers and small businesses, “Embarq”. Last week they offered cash to us to release our trademark to them. We have not accepted this offer.
...In November 2005 we had our first dialog with the US federal government about how our technology can be used on military bases, and other government facilities to improve security. In December we submitted an extensive package of materials to the General Services Administration (GSA) in response to their request. In January we had follow-up meetings. Our goal is to be awarded a GSA procurement contract so that we can sell our products to the federal government.
...We are receiving intense interest from potential customers, investors, and potential technology partners. We have added more engineers and marketing resources, and we are focused on the successful delivery of Release 1.4.
...The possibility for rapid acceptance of our technology continues to gain momentum - based on our new added features and on recent market enthusiasm. And we believe that your opportunities as investor are as big as the worldwide telecommunications and security industries.
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