I cannot predict what the stock price will or will not do, but I am happy
to provide a summary of the company's current business:
The company is in a better position now than it has been for the last 2-3
years because of the business we do with Lanier Worldwide, Inc., a $1.6
billion subsidiary of Harris Corp. Shipments to Lanier began in mid June
1999 and were announced June 15. This is an extremely important milestone
for EDIG. This begins fulfillment of Lanier's initial purchase order for
over $3 million, which is expected to cover their first five months of
needs based on their sales forecasts. The current contract between
e.Digital and Lanier goes through December 2001. There is also the
potential of developing additional products or enhancements for Lanier.
e.Digital has secured an agreement with Intel Corp. wherein e.Digital will
develop and deliver a number of prototype digital voice recorders which
Intel will then market to Intel's OEM customers. Interested parties will
be referred back to e.Digital for licensing, design and manufacturing
services as needed. Although the value of this initial contract is under
$1 million, the potential for future business could be much larger.
e.Digital is currently working with Lucent Technologies to market a "Secure
Internet Music Download Device" and player. The product uses Lucent's EPAC
music compression software, which includes watermarking and security
technology to prevent the illegal copy and distribution of music files
downloaded from the Internet. We feel that the emerging Internet music
market has tremendous potential, and we have been prepared for years with
our MicroOS(TM) Audio technology. The current target is to have the
product licensed, branded (possibly by a number of licensees), and on the
market in time for Christmas.
If you would like to receive a package of information on e.Digital
Corporation including the latest financial reports, analyst's report,
product information and press releases, please forward your full name and
street/mailing address.
Best regards,
Wendy Ravenel
At 03:05 PM 6/17/99 -0400, you wrote:
>Can you please let me know what ramifications you expect from your latest
>press release on the upcoming performance of EDIG?
>
>Thanks
>
>Patrick
>
_____________________________________________________
Wendy Ravenel
Investor Relations/Public Relations
e.Digital Corporation
13114 Evening Creek Drive South
San Diego, CA 92127
(619)679-1504 PHO
(619)486-3922 FAX
edig.com
investor@edig.com |
