The Source of our misfortune.
From the VSVR profile:
The market for communications products is intensely competitive and is subject to rapid technological change. Although to date the Company has experienced limited competition from products with comparable capabilities, the Company expects competition to increase significantly in the future. Currently, the Company's principal competition from producers of multipoint control units comes from Lucent Technologies, and to a lesser extent from VTEL Corporation. Other companies such as Multilink, Teleos (a division of Madge Networks) Accord, Databeam, and Outreach, have introduced or announced their intention to introduce products which could be competitive with the Company's products. Furthermore, PictureTel Corporation, currently the Company's largest customer, and Radvision have announced their intention to introduce products related to the new H.323 standards which may be competitive with products the Company currently has under development, and others are expected to enter the H.323 conferencing market. This additional competition could adversely affect the Company's sales and profitability through price reductions and loss of market share. In particular, should one or more of the Company's current customers, including videoconferencing equipment suppliers, telecommunications carriers or traditional network equipment vendors choose to provide or distribute competitive products (including their own products) and services, the Company's business could be materially adversely affected.
- John
Ps. I bought 5 October $20 calls today at $1 3/8.
I now hold 110 contracts for October with the following spread.
Oct $20 - 5 contracts
Oct $22.5 - 75 contracts
Oct $25 - 30 contracts
I plan to buy 5 more of the Oct. $20 calls within the next few days. |
