If only if they had listened to the truthseeker
To: jjs64 (94 )
From: flodyie Friday, Jun 11 1999 12:34PM ET
Reply # of 181
TRUTHSEEKER RECOMMENDS STRONG SELL ON XDSL
The Traverser xDSL box is nothing more than a bunch of standard DSL
components put together. Anyone can make a box like this and do
simultaneous voice video and data. Here is how:
DSL provides a very fast connection. This connection can be divided up
in many ways.
(This is an example...)
If you had 10 megs downstream you could divide it up as follows:
5 megs for Video (which is more than enough for MPEG2 video)
64kbs for Voice (which is all voice takes)
128kbs for Video Conferencing
4.8 megs for Data
ANYBODY can do this, it is only a matter of partitioning the bandwidth
that DSL provides. It is NOT unique.
Now, how can you get multiple channels (say 192 channels), over this
connection? Easily...instead of sending all the channel though
simulatneously, like traditional cable, you use another partition of
bandwidth to indicate to the video server what "channel" you wish to
watch. The channel capacity is limited only by the video server, not by
the DSL connection
What is in the Traverser Box:
1. The Traverser box uses Globespan Semiconductor DSL chips (which
anyone can buy)
2. The Traverser box that I saw had an AMD x86 processor (again, anyone
can buy)
3. The Traverser box used a coil splitter (a tightly wound coil of wire)
that they buy from Microphase Technologies (the company whose offices
they work out of). You probably could buy it from Microphase, but you
can buy splitters from Orckit too.
4. The Traverser box uses non-standard "CAP" DSL technology not the
agreed upon standard (known as DMT - Discrete Multi Tone).
About the Company:
Company is run by Ronald A. Durando. Durando was formerly the principal
of Nutley Securities. Before that he was a broker at a number of stinky
firms including Graystone Nash.
MEMBER FIRM: GRAYSTONE NASH, INC.
(Expelled on 7/31/96)
BD NUMBER: 10635
NASD Member Firm: GRAYSTONE NASH, INC.
(Expelled on 7/31/96)
BD Number: 10635
2/09/99: 5/15/92 SEC PERMANENT INJUNCTION ORDER
THE FIRM WAS PERMANENTLY ENJOINED IN THE U.S. DISTRICT
COURT FOR THE DISTRICT OF NEW JERSEY, AS THE RESULT OF A
CIVIL COMPLAINT FILED BY THE SECURITIES AND EXCHANGE
COMMISSION. THE COMMISSION ENJOINED THE FIRM FROM
VIOLATING ANTIFRAUD, REGISTRATION AND OTHER
PROVISIONS OF THE FEDERAL SECURITIES LAWS.
THE FIRM WAS ORDERED TO DISGORGE $60.6 MILLION, IN
TRADING PROFITS AND CONCESSIONS FROM ITS ILLEGAL
ACTIVITIES. THE COMMISSION, ALLEGED THE FIRM, DIRECTLY
OR INDIRECTLY OFFERED AND SOLD SECURITIES IN INITIAL
PUBLIC OFFERINGS BY MEANS OF MISSTATEMENTS,
OMISSIONS, AND OTHER MANIPULATIVE AND DECEPTIVE
PRACTICES, ORCHESTRATED AFTERMARKETS FOR SUCH
SECURITIES AT ARTIFICIAL PRICES AND HEREAFTER
MAINTAINED, DOMINATED, CONTROLLED AND MANIPULATED
THE MARKETS FOR SUCH SECURITIES. [USDC FOR THE DISTRICT
OF NEW JERSEY, 91 CIVIL 4327, (LR-13241)]
2/09/99: 6/17/91 NASD EXPULSION
GRAYSTONE NASH WAS CENSURED, FINED $1,325,000 AND
EXPELLED FROM NASD MEMBERSHIP FOR VIOLATING ARTICLE
III, SECTIONS 1, 4 AND 19(a) OF THE RULES OF FAIR PRACTICE.
NASD ALLEGED THAT THE FIRM, ACTING THROUGH A CERTAIN
INDIVIDUAL, ENGAGED IN THE DISTRIBUTION AS SOLE
UNDERWRITER OF UNITS ON A BEST
EFFORTS CONTINGENCY BASIS AND ACCEPTED THROUGH ITS
CLEARING AGENT PURCHASERS' MONIES INSTEAD OF
REQUIRING THAT THEY BE PROMPTLY DEPOSITED IN A
SEPARATE BANK TRUST OR ESCROW ACCOUNT; MANIPULATED
THE MARKET PRICE OF SUCH COMMON STOCK IN THAT THE
FIRM BID FOR AND PURCHASED FOR ITS ACCOUNT AND
ATTEMPTED TO INDUCE AND INDUCED OTHERS TO PURCHASE
SUCH STOCK AT ARBITRARY PRICES; AND EFFECTED AS
PRINCIPAL, OVER THE COUNTER SALES OF SUCH COMMON
STOCK TO PUBLIC CUSTOMERS AT PRICES WHICH WERE NOT
FAIR. DECISION IS FINAL 6/17/91. [NASD COMPLAINT
ATL-1049]
Company is being pushed by Kaufman Bros. analyst Vik Grover (same guy
who likes CYOE)
Here are some XDSL names:
Ronald A Durando
Nutley Securities
Graystone Nash Securities
Sue Cifelli
Tommy S.C. Cheng
Company was first called Tecma Labs (TCLB)
Then Company was called Lightpaths TP Technologies.
Now called MPhase Tech (XDSL)
It has always been associated with Durando.
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