"DD"- I have found only one patent since 1971 put out by Franklin Chiang. You said:
<He also holds several patents some of which are for; hearing aid for the handicapped; xerographic printing; digital music synthesizers; electronic power meters, mainframe computer architecture and non-locking vehicle safety brakes>
What support do you have for this claim?
I don't really know much about Chiang's relationship to MD...what percent of MD does he own, and what deal does he have with the company? Namely, if his genius does miraculously make MD a bundle, what's the take of Chiang and the other programmers? Maybe with the options and other incentives given to the programmers, that 1/3 MD stake really was worth just $3.5 million. A 1/3 stake in a company is pretty worthless if the employees take the lion's share of any profits.
<Chiang not being very smart if he sold 1/3 of this valuable technology for only $3.5M tells me you have had little experience with venture capital people or investors in startups>
I take it form this statement that you think Chiang is the MD founder. What is his current stake in MD after the shares he sold to ZITL, et al.? If Chiang was the one who sold 1/3 of MD for $3.5 million, I'm certain that if he's as smart as many on this thread believe him to be, 1/3 of MD was worth maybe a million. No genius would sell a $400 million stake in his company (estimate based on ZITL valuation) for 1% of its worth. I find the assertions of longs that they have faith in ZITL's and Chiang's potential, as a defense for owning ZITL, much like a person justifying valauing a hole in the ground at a billion dollars because they have faith there's gold inside...they could be right, and make some money, but probably they'll just be swindled. Just the chance to make money has value...but I find ZITL's price a terribly high premium to pay for this chance.
Here's the only patent I've found by a Franklin Chiang:
5278987 : Virtual pocket sorting
INVENTORS:
Chiang; Franklin, Palo Alto, CA 94306
Thoman; Lawrence J., San Lorenzo, CA 94580
ASSIGNEES:
none
ISSUED:
Jan. 11, 1994
FILED:
Mar. 5 , 1991
SERIAL NUMBER:
664746
FEE STATUS:
INTL. CLASS (Ed. 5):
G06F 7/24; G06F 7/08;
U.S. CLASS:
395-800; 364-DIG.2; 364-962.3; 364-963.3; 364-222.9; 395-425;
395-600;
FIELD OF SEARCH:
364-DIG. 1,DIG. 2 ; 395-800 ;
AGENTS:
none
ABSTRACT: The present invention sorts very large volumes of data records by forming successive
lists of sorted record start address by character rank from a LSD (least significant digit) of a sort
field to a MSD (most significant digit) of such field with each list being formed in the order of the
preceeding list. The present invention forms the lists by placing record start addresses in a collated
list of virtual pockets wherein successive occurrences of like characters are linked to the next
pocket memory position of such character so as to form the list in a memory requiring only the
same number of addresses as there are records being sorted. The invention thus very materially
reduces the size of pocket memory required for this type of data sorting. |
