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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!
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To: Ed Perry who wrote (3862)6/6/2001 2:35:34 PM
From: Hal Campbell  Read Replies (1) of 4169
 
" Note the AXC price activity in Jan. 01. Eighty-seven cents for "no" reason other than the general
market rally. In fact Couch Confessions and the YHOO MSFT deals were not yet announced "

Ed you are a bright man and a fine writer. Agree with so many of you frequent insights myself, but I could not disagree more with that statement.

In January you had the anticipated January effect...baby bell rumors....even rumors of net profitability in 2001.....still hoped for ADS sale...still hoped for Micronet improvement....still hoped for royalty improvement.Anticipated revenues from syndication progress.
Since then Micronet has gone under in an expensive splash..the ADS sale put on permanent hold...royalties in short term decline....net revenues at extremely low levels for now ,baby bell rumors come to nought...and perhaps the worst item...ADS sales below 10 million and still another restructuring and special charge(next quarter) forced( which casts a serious shadow on eventual sale value).

Gamblers and traders need something to hang their hat on...even in penny stocks. This has not been a good year.
That said, if they can come up with financing ...to any degree at all......the tide should turn briskly.But it is going to have to be something real and announced...not rumored...for any surge to hold. And for this price to hold with another round of redeemables and poor earnings ( special charge for ADS) and the bridge loan and potential delisting looming , it is going to have to be fairly soon.
Just my opinion.
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