Mark & John, Your posts are thought provoking and reminiscent of posts times past. When your invested in cutting edge technology based companies, you revisit the same criticisms posted on Magic's threads.
Mark, you wrote:
"I am skeptical only because I saw all of these glorious revenue projections when GMGC had 11 Telcos in market trial, but as we know nothing came from it. Do you have any opinions on why the Telcos rejected Portico after the market trials?"
I said the same, when the Telcos resisted DSL implementation. I regret having sold my holdings in AMATI and AWARE prematurely. We all had great expectations in DSL and we were extremely irritated over management not being aggressive enough. Now in retrospect, I see the problem was not in management but rather in us. We were ahead of our time,impatient and didn't realize the market place was not ready to accept the technology or the fees associated with them.
John you wrote:
"Markman himself said flat out that he made a mistake putting out revenue projections and talking about deals like Intuit before they were finalized and implemented at the last conference call, and that he wasn't going to do that any more. As a shareholder that leaves you and me with two choices... sell or hold."
I agree Markman made the same mistake the DSL people made. I think it best to wait with their PR until everything is finalized. I don't believe the company should telegraph all their moves, when it benefits their competitors. John, like you, I intend to hold and add to my holdings when dips occur.
Cheers and good luck. Alex |
