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Technology Stocks : Fonix:Voice Recognition Product (FONX)
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To: Dave Rebok who wrote ()11/15/1999 8:14:00 PM
From: Randall E Westberg  Read Replies (2) of 3347
 
The biggest thing that has always puzzled me about fonix is this:

A small Co on the Nasdaq Bulletin Board claims to have the technology to translate normal speech to text on a P.C. with minimal CPU requirements. 120 wpm, 95% accuracy,and a 64k dictionary are the goals. No user training or pauses between words required with this technology.

I spoke with Roger Dudley in july of 1996 and he seemed so confident that Fonix would bring this product to market in the early part of 1997.

What went wrong? Was there a miscalculation made by the engineering team that caused management to get caught up in a web of continual excuses?

If that was the case, the proper action for management would have been to acknowledge the mistake. Inform investors there will be delays but that the company expects to succeed in the future.

Fonix didn't do that.
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