Hi Pat-
As you may know from my previous post here awhile back, I have been out of AMTX for awhile. I do keep it on my screen and try to read some of the posts (I always read yours), as well as any articles discussing bandwidth solutions in general.
There really is a tremendous amount of excellent information presented here, much of it thanks to your never ending researching and scavenging. I respect and appreciate your substantial efforts as well as your generous and upbeat spirit here. Before I ever knew about Silicon Investor, you spent a significant amount of time by phone and email with me answering questions on AMTX, willing to find out an answer if you didn't have one. (Hopefully you also found some of my industry/product reconnaissance to be of interest/value).
And though I think our approaches to the market are different (I am more short term oriented - as we discussed - and you suggested that AMTX may not be the best vehicle for that approach), if I were an Amati true believer, I would appreciate your faith in and exuberance with Amati's management and technology.
Regarding your response below (from a previous post), I am a bit surprised:
<I've never been a paid employee of Amati or anyone else for that
matter --- except when I taught school a few hundred years ago. Nor
have I been reimbursed for anything.>
Our mutual friend John (owner of our favorite cafe) told me that you told him that Amati was paying for your flight and accomodations to attend last February's Comnet as their representative.
And when you and I spoke on the phone prior to your leaving for Comnet, you also gave me the impression that you would be there representing Amati.
I always presumed from our phone and email interactions that your ability to easily interact with and get information from the President, CEO and other Amati management was because your relationship with the company was beyond being a significant shareholder, in that you represented the company at industry functions. Did John and I have this wrong somehow?
Re: AMTX.
My hesitation about jumping back in is that something doesn't feel right. Apparently there was a lot of hype on Amati on AOL, and since there doesn't seem to be any real follow through (landing contracts, etc.), it has the appearance (for whatever reason) that it is more of a hype stock.
And the lack of press and contracts is almost spooky. For example, Cioffi spoke at a conference recently where other companies were presenting. Many other speakers are referenced to their company. Cioffi is referenced from "Stanford University", as though Amati didn't even exist. By itself, no big deal. But seemingly par for Amati's course. And why/how did Aware get the USRX contract?
Anyway, best of luck. I hope they sign a good contract or two soon. I personally would be more inclined to buy it on the way up at 15 or 20 into the 30's (buying into strength - presumably based more on fundamentals than on hope or even giddish momentum) than ride it down from 9 to 5 (fighting the tape).
Regards-
Steve
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