Fonix:Voice Recognition Product (FONX) Message Board

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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Toni Wheeler who wrote (3206)	3/14/2002 2:50:54 AM
From: Randall E Westberg	Read Replies (1) of 3347

This press release today was the the most significant in the history of Fonix. I know because I've been following fonix for a long time. The license with MSFT is great but the more important part is the technology. This is the first press release confirming that Fonix has the ASR technology. The Siemens partnership several years ago was a huge disappointment for everyone. Since that time there have been several press releases about this and that partnership and collaboration with this company or another. Pretty frickin boring stuff with no future. Most of the press releases seemed to be targeted toward basic TTS technology that fonix had purchased or otherwise acquired. I've forgotten most of what I used to know about the entire history but I still have it well documented. But in the past a lot of the PR was based on AccuChit or something like that. It was probably greatly improved by the Fonix engineers. But still it was acquired technology and quite disappointing. There was some debate about the wisdom in the AccuVoice acquisition verses another technology that Fonix may have had the opportunity to acquire. that goes back to the Ron Cole days... So as much as I feel very good about todays msft agreement, I also fell that under different management most of the employees of Fonix would be looking at pretty good retirement funds and a lot of early shareholders would be in much better shape right now. I have no trust in the current management. I think they have been arrogant and have overpaid themselves. The Board is controlled by the Company Exec's and they answer to no one. Over the years there have been so many PR,s pre-empted by price spikes followed by falling share prices. The company was sued by a shareholder over the Fonix involvement with KLSE and the company lost. I have a little more info on that deal than most Fonix investors but I don't wan't to go there. In the early days of Fonix you really had to take a close look at the expenses charged to Fonix by SMD Corp to really understand how one sided things really are. At the '96 shareholder meeting Fonix execs were almost to the point of bragging about the share price while justifying their salaries to the shareholders present. Over the years Fonix board has given away so many options..of course not many were converted but in the early days many were. Now in the last year or So fonix has diluted the heck out of the stock. The dilution has just killed any Long Term Shareholders. Some of the local SLC people put money into Fonix based on Studdert and Ashton alone. Those old folks got wiped out on their investment. I do not trust this management. I wonder about accounting and different accounting schemes. I wonder about share sales...etc. Fonix has proved to me throughout the past six years that you really have to be careful from an INVESTOR point of view. It is Quite different from the COMPANY view. So if you have done well on this over the past day, good for you...I guess. As for me, I guess I wouldn't gloat to much while feasting on some old road kill, just be thankful it's not your grandparents that you are feasting on.. Ya'll get it?? get it ... T?

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