MYT - Mytec Technologies Message Board

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Gold/Mining/Energy : MYT - Mytec Technologies

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To: James Bliss who wrote (969)	6/5/1998 9:34:00 AM
From: oss	Read Replies (1) of 1535

I have a few things I could add here as well to help let us know where this is going. The TRW deal has seen TRW buy 150 units. It is my understanding that when the units where installed TRW had a different software running for security. TRW have supplied Mytec with a copy of the security program and Mytec has been working it into thier touchstone product. This project is very much alive. They do however only have about 30 units installed at this point and it is used for Network Security. Clients want a top end product for this type of actions and Touchstone is just that. Cost of the Touchstone unit should not be compared to other products as it is a high end device. The cost of the units is not a problem for those that want this type of product. Mytec is selling a solution not just a product. Cybermouse is dead!! Something will be replacing this product for the low end market. I for one am very glad that Mytec has a high end product as well as a low end product. The high end product is going to bring in the cash cow not something under $100. They need sales at this point big time however. There where also a few concerns about the options Thomas took. It is my understanding that he is at 400,000 shares at $3.74 per share. Thomas has 5 years to make this work and he has only been there one year. The options I was told have been done as the stock dropped and Mytec want to keep the staff they have. This type of industry loses good people all the time and Mytec wants to assure they keep the leaders in this product design. Mytec have put this in place to assure they keep all the same staff. This could be important down the road. Keep the pressure on but give the man a chance. If nothing else 007 might have woke a few people up I guess. Lets go Thomas we need some big news soon.

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