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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: SCRUFF who wrote (1647)2/18/1998 5:21:00 PM
From: Dr. Bob   of 3347
 
Scruff,

I haven't called Siemens or OGI, I've gone with what I can find in print. I have become very suspicious of what anyone says about an investment, if they're not willing to put it in writing. I have read Obertueffer's journal, in an attempt to get that perspective on fonix. I'm not totally opposed to talking to someone inside the company and if I was just about ready to put my money on the line but had a few questions left, I would sometimes do that. But if what I find in writing causes me to be concerned about a company, nothing someone told me on the phone would be sufficient to get me to invest. There's too many good companies out there to invest in; I don't have to let the reassurance of a stranger become a deciding factor for me.

I don't mean to downplay Siemens as a company, they're a great company, but I do question the level of their commitment to fonix. I just do not consider a few million dollars much of a commitment for a multibillion dollar company. I know others see it differently.

What would it take for me to invest in fonix? 1) A great product (preferably several), dominant or with the potential to become dominant in its sector; and 2) good, if not great management. I think that's what I've been saying for awhile now, not just when fonix began to show revenues.

Good luck to you and all the fonix longs, too. I will not be hurt if this stock goes to the moon. At this point, its just an education for me, and the interaction with all of you is part of the educational process for me. Thanks!

Bob
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