----- Original Message -----
From: "Tim Walters" <twalters@voiceit.com>
<twalters@mail.voiceit.com>
Cc: "Alex Kumar" <akumar@mail.voiceit.com>; "Dale Dreckman" <Dreckman@mail.voiceit.com>
Sent: Monday, January 03, 2000 12:07 PM
Subject: Re: Product Development
> We are currently in the process of trying to emerge from our Chapter 11
> status with an impending 1/19/00 date currently set by Court for
> resolution. Therefore, we are in the midst of various plan development
> potentials, with any further comment from me not being appropriate at this
> time. If you have specific proposals for alternate investment or other
> potentials, I would suggest you send them directly to our CEO, Mr. Alex
> Kumar, copied above.
>
> Thank you and best regards,
>
>
> At 04:32 AM 1/2/00 -0500, Walter Morton wrote:
> >Hi Tim,
> >
> >I just recently reviewed Voice It's web site and latest SEC filing.
> >
> >I must say that I am surprised that MEMO is selling for $.093 while EDIG is
> >selling for $3.
> >
> >As you know Voice It works with Dragon Systems and may work with IBM after
> >one year from the date of the signed agreement between Voice It and Dragon
> >Systems. So, Voice It could potentially grow next year as a result of an
> >unannounced IBM deal.
> >
> >Now, e.Digital sales its recorder to Lanier (your competitor) and claims
> >that their MicroOS software played an important role in convincing Lanier to
> >sign a multi-million dollar agreement.
> >
> >However, the recorder that e.Digital supplies to Lanier is not capable of
> >automatically converting voice to text.
> >
> >Also, I noticed that Voice It has a market cap of about $600,000 and
> >e.Digital recently received $3 million in financing.
> >
> >With the new requirements to remain listed on the OTCBB and Voice It's low
> >market capitalization, Voice It may want to consider a merger... with
> >e.Digital.
> >
> >We know e.Digital has cash and Voice It has debt.
> >We know e.Digital has a good chance of being listed on Nasdaq within a few
> >months.
> >We know Voice It & e.Digital have gone through similar growing pains and now
> >use a similar business model.
> >We know that Voice It & e.Digital have some of the same partners (IBM,
> >Lucent)
> >We know that management at both companies is capable of establishing
> >relationships with large companies and growing their businesses.
> >We know that there was talk in the past about a merger between these two
> >companies.
> >
> >However, we don't know... I don't know whether or not Voice It's pending
> >patents and proprietary software is enough reason for e.Digital to want to
> >merge with Voice It.
> >
> >I also don't know whether or not e.Digital's four patents and its MicroOS
> >flash file management system is enough reason for Voice It to want to merge
> >with e.Digital.
> >
> >I know you can't respond to a lot of what I have stated, but perhaps you can
> >answer these questions:
> >
> >1.) Would the combination of Voice It's technology and e.Digital's
> >technology result in a product that is significantly better than what either
> >could make by working separately as competitors?
> >
> >2.) Would the combination of Voice It's and e.Digital's business
> >partners/relationships expand the product market significantly more than it
> >would (in total) if the two remained competitors?
> >
> >3.) Would there be significant reductions in the costs of running the
> >combined businesses of Voice It & e.Digital (reduced marketing,
> >administration, etc.) as compared to (in total) conducting business as
> >competitors?
> >
> >Thank you,
> >
> >Walter Morton
> >Independent Investor |
