[Lurking for Justice]
Thanks to all who convinced me to buy amtx last week. I hope you're
right about this being a rocket.
At any rate, I enjoy eavesdropping on this thread. The only one I find more
entertaining is the C-cube thread, from which I attach a recent bombshell.
Whether you own cube or not, you owe it to yourself to read this and
the ten posts before and after. It is most entertaining and intriguing.
I should warn you that the facts and speculation cast aspersions on the
journalistic ethics of Herb Greenberg of the San Francisco Chronicle, so you
may not want to read this if you have any regard for Herb. However,
this is a great case study in the manipulation of stocks and the deliber-
ate use of bad numbers from bad sources to bolster short interest. I trust
this may be of some interest to amtx holders.
Long cube and amtx. Short Greenberg.
carl
Subject: C-Cube
| Previous | Next | Respond |
To: David Nadalin (8750 )
From: robt justine Jan 17 1997 11:17PM EST
Reply #8756 of 8865
All:
The following contains matters of fact and matters of speculation. I'll
try to differentiate between each. On Dec 20th, the above referenced
message#8269 was posted by me in response to Herb Greenberg's monthly
(it seems) trashing of C-Cube in his San Francisco Chronicle column. It
has become somewhat frustrating to see him play God with the emotions of
uninformed investors and to play very loose with the facts. I had never
before heard of the MPEG Associates group which he quoted in his Dec
20th column
sfgate.com
(type in "herb and greenberg" in the "byline" section, for Dec 20th
1996)
I was also somewhat curious as to why Herb would not use a well known,
well respected organization such as DataQuest. I came to the asssumption
that "MPEG" had the numbers that Herb wanted to use for his case and
that DataQuest did not. DataQuest's numbers for DVD in '97 were 1.6mm
over twice the number used by Herb when he quoted "MPEG". In my post, I
requested for any information that anyone may have regarding this group.
I called NYC directory assistance, checked a NYC phone book and
generally asked some folks on Wall Street with some connection to the
digital video industry. All efforts came up empty.
I sent 2 or 3 emails to Herb G for a phone number. The first 2 weeks of
January I had no response from Herb, but curiously on a whim I called
directory assistance one last time. And voila, the number for MPEG
Associates was given to me. I called the number and the youngish,
disoriented voice on the other end of the phone said "hello". This was
the middle of the day, no receptionist, no "good afternoon, MPEG
Associates". I had to ask the guy on the other end of the phone if this
were the "MPEG Assoc". He affirmed that it was and answered a few of my
questions. He had recently graduated from Columbia School of Business;
while there he had done some work for a hedge fund over at Bear Stearns.
He was 26 years of age
and, you guessed it, he was the "Chairman" of MPEG Assoc. I subsequently
called the telephone company to get a listing date for the phone number.
They informed me that the number for MPEG Assoc was requested for in
November. Yes, that's November, 1996. Yes, that's a few weeks before
Herb G is lifting the company up on a pedestal in his column as a
venerated source of information for the digital market. A mere few weeks
before Herb's column, this questionably qualified (my opinion) company
opens its doors for business. So I call the young man back to confirm my
belief that his company is only at a very nascent stage. He agrees with
some defensiveness and is quite circumspect about whom he engages in
business. He says that his company was, in fact, organized only a few
months prior.
I, of course, wonder if he does business in order to give the facts as
they are found in the marketplace,if he does business in order to fudge
the numbers for a predetermined outcome for a hedge fund, or if he does
any business at all. He is also circumspect about his connection to Herb
Greenberg. Intrigue gets the better of me; so I check to see if he is
chairman, CEO, salesman, secretary, and mail clerk all rolled into one.
He says in another conversation that he has many contacts in the VCD
market across the globe. I ask for a C.V. for him and a summary of his
company and its expertise in the field. A very shoddily arranged one
page black/white typewritten page of the company is the extent of the
marketing effort
| Previous | Next | Respond |
| Return to Semiconductors | View SubjectMarks | Bookmark this Subject |
Send questions and feedback to webmaster@techstocks.com |
