Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: Dinesh who wrote (1959)	4/28/2000 4:25:00 AM
From: Brunello	Read Replies (1) of 3076

Re: Annual Meeting. Here is a post from the RB board: By: pillsburydough Reply To: None Thursday, 27 Apr 2000 at 9:51 PM EDT Post # of 9057 I was also at the shareholders meeting and can enlighten you on what was said. Basically the future looks very bright!! Ken Oshman said some very interesting things. One was that he is in negotiations with several service providers such has GTE,AT&T,Pacbell, etc. What he said was that hopefully these types of companies will actually be the ones who will provide all of the Elon products to the home (consumer). WHY? He said because they are already in our homes and providing their services. So he said that to help bring interconectivity to people's homes this would be a great way to provide that. It could be through your phone co. or your cable co. So basically ELON would provide all the parts and the service providers would incorporate it into your home and matain it. He didn't say how ELON would profit from this because they are in negotiations with potential partners. But he did say more than once that the potential is gigantic! They feel that they will grow at a rate of 20-40 percent. I asked him privately if those numbers were sustainible from just the markets that they are already in. He said yes. There is a tremendous potential for growth in those industrys as well. They are coming out with 2 new products that they seemed excited about and are trying to keep atleast 2 months worth of inventory. Mr. Oshman told me that when and if the consumer market accepts the concept off interconnectivity, ELON will really take off. And in the mean time they are growing and being accepted more and more all over the world. He said they are just scratching the surface in the other markets outside of the consumer market. This management team is loaded with savy old pros who have been around along time and know exactly how to spead their vision! Also he mentioned that there is only one analyst covering ELON. He seemed to address that aggressively and said they are working on getting more GOOD analysts to cover it. I can't type anymore so if anybody has a question I will try to answer it for you. THE FUTURE LOOKS EXTREMELY BRIGHT!!! ragingbull.com

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