Invision(INVN)going which way? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Invision(INVN)going which way?

INVN 20.67

-2.5%

Nov 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike M who wrote (388)	12/9/2001 6:41:53 PM
From: superred	Read Replies (2) of 558

FRIDAY'S GOVERNMENT HEARINGS DID NOT GO WELL FOR INVN: cspan.org and go to Watch Hearing on Implementation of New Baggage Explosive Detection Law (12/7/2001) L-3 and InVision refused to answer the million dollar question. Can they detect the C-4 explosive? The response was that it would not be advisable to discuss this in public but in private only. We now have the answer because of the refusal to respond. THEY CANNOT DETECT A C-4 WHICH IS VERY BAD NEWS. The very reputable and experienced Head of the Aviation Committee who led the hearings Friday, Florida Congressman John Mica, told Washington Post in a story this weekend that the cost may come close to $10 billion, which was ABOVE THE SURPRISING $4 to $5 billion numbers discussed at the hearings. He felt this may be a real shocker to Congress. Florida Congressman John Mica stated at the hearings in his opening statement that the bill puts our country at risk of installing equipment that IS NOT EFFECTIVE because of the impossible deadline. Obviously he is talking about the current equipment available from InVision and other CTX technology companies. One of the speakers stated that it makes no sense to spend a fortune now when in just a few months there will be faster and less expensive certified equipment available. The government will have wasted tax dollars and have slowed down the airport movement to a hilt and then have to spend more money to redo the system in a few months. The most frightening exposure at the hearing was when a speaker brought up that a Fred Roder, the founder of CTX technology (X-Ray) and InVision, is also an important FAA Engineer involved in the whole process of certifying equipment. It was pointed out that he has not been opened minded to competitors of InVision and L-3 that offer alternative technologies to CTX. This is an outright conflict of interest that may have helped InVision pass the original certification using two machines in tandem. ragingbull.lycos.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next