Michael Hi, I have been in and out of AMTX during the last year. Presently I hold several hundred shares long. Overall I am losing money on Amati(please don't assume I am blaming someone).
I can only tell you that I got into Amati for the same reason as many others. New exiting technology that will solve the most persistent problem of the information age - bandwidth. The promise to unleash creative forces, breakdown of broadcast monopolies and naive assumption that we are so smart that we are way ahead of Wall Street.
In my opinion very little has changed during the last nine moths. For the past year we have been in a perpetual "year away from technology" stage. I don't know how long this stage will last but many press release are mirror images of one another with negligible bearing on stock performance. I reflect on what really happened last six months, thousands of message later, myriads of links later, I feel like we are where we started.
Michael, if you go back to the beginning of the thread, at the time when some were opening their first floppies from Steve Case, Amati was the only game in town. People thought that Amati was holding entire Internet industry by it's throat, "cap"sizing enemy boats. That's when Amati went to 30's. Right about then many people and Techie was one of the first, started to point out that suddenly everyone and his brother opened a DSL shop. Furthermore bunch of Stanford professors with the revolutionary technology discovered themselves at a mercy of big boys, trying to hitch their product to recognized names. (As evident from MCI/NEC announcement where Amati is a footnote, often omitted footnote).
Amati social club has a life of it's own, but my frustration with some of the posters is that thousands of post later and hundreds of links later myself and others have very little understanding about where Amati is going. Another words, I question informational flood instead of intuition, logic and cold calculation.
Technical indicators have been already discredited on this thread. Hopes that Amati will reap patent royalties are questionable. I am not a patent lawyer but I am in investor in the company called Fonar fonar.com President of the company invented MRI in Brooklyn in 1974. Most big MRI manufactures GE, Hitachi, etc. stole his patent and successfully manufactured MRI machines since. Only last month Fonar finally won a patent claim against GE. 23 years later and millions of dollars later. It's a miracle Fonar is still an existing company, survived mostly due to litigation promises. Are you willing to hedge your money on a patent company. Belive me, litigation for a patent infringement is much lengthier process then a ADSL deployment.
Good luck in your investments and trades.
Ama/deo/ti. |
