What a joke. USRX tried to buy 'em out of bankruptcy, but Dennis Hayes ego couldn't handle it, so he arranged other financing. There isn't a snowball's chance in hell of another major networker buying them out, since Hayes doesn't control their core technology, which is what distinguishes USR from all of the other modem makers and all of the other remote access networkers.
Separately, Formichelli indicated that modem sales were being hurt because dealers were postponing plans to stock up on inventory until the newer 56K-bps modems were available. "The quarter is not what I wanted it to be," Formichelli said, adding that dealers were holding back buying the company's 33.6 modems because of the attention garnered by 56K bps.
I take that to be excellent news. I think that USRX has basically walked away with everyone else's market share. It won't surprise me if USRX winds up beating estimates, and takes another step towards a defacto standard.
"Because of 56K bps, I've been told, 'How much 56K can you send me?' " Formichelli said.
And his answer? "Uh, well, ah, ummmmm, well, uh....... none." |
