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Technology Stocks : Fonix:Voice Recognition Product (FONX)
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To: pgl52 who wrote (2171)2/6/1999 7:45:00 PM
From: john harris  Read Replies (1) of 3347
 
de ja vu. Remember the management share "lock-up" agreement and how "legally" non-binding that was?

Well, since that has come and gone, we now have the 30% cost reduction-save $8M per year announcement. This from the announcement. Draw your own conclusions:

<<Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. In this news release, forward-looking statements include the Company's anticipation that it can reduce operating costs by $8.0 million in 1999. Risks associated with that statement include, but are not limited to, the company's ability to forecast and manage costs and cost cutting limitations resulting from long term agreements which the Company cannot amend or modify, uncertainties associated with whether actual cost savings will result from the Company's consolidation efforts are presently unforeseen future operating costs increase. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements. The Company does not undertake any responsibility to update the forward-looking statements contained in this release. >>
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