This is for everyone that looks in here.
This is off Prodigy and Paul, I posted your note on Prodigy. Not everyone has all the on-line-services. This way, we can get all the information and replies going out to a broader viewing group. Anyone have a problem here???
>>Jim,
Where on the Internet is there a post re: Intel and Norris?
I just saw the Business Wire Post about Dictaphone's digital recorder.
That description of the product and its features, though not mentioning
Norris, leaves no doubt in my mind that this product will be made by
Norris (in part or in entirety) for Dictaphone. Virtually all of
Dictaphone's products are outsourced. Dictaphone will be incorporating
this into their office telephony products for the complete office
package. Though I haven't verified this, others who confer with me have
said there is a news blackout by the co.. I have become aware of the
fact that the co. is doing an equity financing with an L.A. merchant
banking (investment banking) firm in the amount of $ 5 million dollars.
$1.4 million will be used to pay off the note with CVD due Oct. 96 and
the rest for operations and expansion. This will bring the # of issued
shares to approx. 25 million. The annual shareholder's meeting will
probably be announced and held prior to 7-31-96 with the request of
expanding the number of shares to 60 million. This does not mean 60
million will be issued. The 35 million others (including a new class of
5 million preferred) will be held by the co. for meeting the obligations
of warrant and option holders and/or future secondaries or p'vt.
placements as needed. Some faxes I've received questioned whether
Intel's minicard (chosen by Dictaphone) would exclude any participation
by Norris with Dictaphone. The answer is no. The FlashBack does and can
use Intel's flash in their clip. I would guess that the delay in Norris'
name being unstated in the Dictaphone release may have something to do
with the pv't. placement now underway. I have been reviewing data on the
operating system owned by m-systems. At present no independent entity
has run any tests on either of these systems. Because it's probably
going to be a well guarded secret, the only way analysts and others are
going to determine efficacy is by seeing which OS the manufacturers of
products are going to use. The original CFO, Pete Gorrie, had said in
the FEB-MAR period that Norrf would be cash flow + by the 3rd Qtr. If
Dictaphone plans on a 1st qtr. 97 release date, Norrf will have to be
doing a lot of production for them starting in our 3rd qtr., Sept.96. I'm
still working on trying to discover the source of all that stock that
came to market in May and part of June to push the stock down intraday to
7/8. If I can get a handle on that one, I'll report same. I do not
believe it was anyone going short. These short blips such as the
May-June period will be miniscule when one looks back in time once this
stock moves. It would not surprise me to see Intel and Norris ink an
agreement. Intel will be putting flash memory bios into the computer's
main bios. This is not unlike how EIDE hard disks no longer needed an
onboard controller when Phoenix, AMI, and others with Intel's assist put
the HD IDE bios into the computer's main bios. Likewise the need for an
onboard controller in flash memory (like SanDisks) may be less necessary
if the computer's main bios allows the main CPU to regulate flash memory
thereby eliminating the flash memory controller. Intel will sell more
flash memory if they're able to also use the NOS as well as M-systems OS
codes in their main computer bios systems. This should be an exciting
time.
Best to all:<<
That its. Something to chew on.
Oh, Pat called me at home, however I was at work. She can answer some of my questions, but when she started to mention Dictaphone that is when her voice halted and tailed off, like she was afraid to said something she shouldn't. My impression. They only problem is, I get her voice mail. I think I will ask the receptionist to page her if I get voice mail. |
