Jim,
Your response shows me how little you really know or understand about the technology NTN is using.
NTN's whole business is based on INNN technology. Movies on demand has nothing to do with anything. GTE's project has been a flaming failure, as has been Time Warners. Oh, and GTE has never been a "baby bell".
My point regarding the large service providers is this. If they thought for one minute that NTN had something valuable, they would fall all over each other trying to buy the company, or as much as they could, as they did with INNN.
If NTN is using "off the shelf" technology why did they spend well over a million dollars losing two lawsuits in court that proved INNN owned it? And once again, their license from INNN says only hospitality business. That comes right from INNN who has been right about the situation in the past, in comparison to NTN who has misrepresented it even after they had lost lawsuits.
Oh yeah, and since this is wireless technology that was battled over, how do you think the signal gets to all the little boxes in all those bars? Susan, ever notice any wires attached?
Now, I know I have said this before but I will try once again. INNN and TCI are involved in a lawsuit over who owns the technology. It has a tentative court date of March 28, 1997. When this is settled, and it could be a long time with appeals and all, someone who owns the technology will be very interested in how it is being used by NTN outside of the hospitality business. Right now, I guess TCI figures they are developing potential customers for TCI at no cost to them. They obviously have little interest at the moment, in standing in their way. Same goes for INNN and whatever they decide to do if they win the suit. Or how about a settlement with TCI/INNN merged?
And the winner doesn't have to have their own equipment in the home, as INNN initially tried to do.
And, as I stated in my first post (#201) on Sept. 30th, I have never been long or short the stock. I just don't believe that anyone should post only bullish opinions on a stock while ignoring proven negatives, and logical problems with the story.
I will reiterate that in a business like this you should have larger companies fighting over you if there is substance to the bullish press releases.
All of this being said, this is the time of year when you could get a strong bounce that is only the much commented on "January effect" for beaten up stocks, once the tax related selling ends. I hope no one reads more into it.
Dwight |
