Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Raj Ramaswamy who wrote (34905)	11/30/1999 11:40:00 AM
From: Dotty	Read Replies (1) of 108040

VONE-this very interesting overview from the VONE thread... I thought this was an excellent post from RB: ragingbull.com In and out of VONE Been following this company since its IPO in 1996. I have been in and out of it so many times I can't keep track! I've always managed to stay ahead of the momentum and make good profits on each trade. I believe the LINUX crowd moved in and then out shortly after the LINUX IXS announcement (I was in under $2 and out over $5 on that run-up). I'll give a brief synopsis of the company for those who are new to the company. James Chen, the original CEO/Founder of VONE, mismanaged the company assets terribly during his reign. Toxic financing sent the stock into a death spiral. Enter David Dawson, the current CEO of the company. He has completely turned the company around during his tenure. It has been a rough road for everyone associated with VONE. Money has always been a problem, but Dawson has managed to keep the financial spigot open without resorting to toxic financing. Because of the money crunch, VONE lost most of its experienced sales force and sales managers. They recently closed a new financing deal that has allowed the company to add good people to the sales department. VONE products are some of the best on the market. Smartgate 4.0(IPsec certified) is due out shortly, currently in final beta. IXS is currenty available in several flavors. They even have smartcards as part of their pie. They own one of the few encryption technologies licensed for export outside of the US. The company has strong ties to the Asian market. They have the only certified Windows CE VPN security solution. They have AirSmartgate, a security solution for pagers and wireless communications. So, if they have all of this, why is the stock trading under $5? Lack of confidence is the answer. Not only investor confidence, but consumer confidence as well. What company would spend thousands of dollars for a security product from a company that might not exist a short time down the road? Especially if there wasn't any continuity between the sales persons they are dealing with. The turnaround by Dawson has been accomplished. Confidence is starting to be regained. VPNs are becoming the rage now and will continue to grow in numbers. Secure wireless and PDA connections are becoming a must in increasing numbers. VONE recently showcased their products at COMDEX in the MS partner pavilion. This company is now poised to deliver to the market place and thus rewards to the shareholders. I'm again long in VONE and expect next year to be the coming of age of VONE and the VPN market. For those of you in at these levels, congratulations on your foresight. goodtrading to all... gchaos Rob

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