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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: SCRUFF who wrote (1338)11/18/1997 10:07:00 AM
From: Dr. Bob  Read Replies (3) of 3347
 
Scruff,

You and Franco have both gotten into some name-calling - just quit it, guys! This has been a very civil thread for some time now.

I personally think your view of the significance of the Siemens deal is overstated. As you yourself stated, Siemens is a multibillion dollar corporation; a few million dollars is small potatoes to them. Their billions come from many areas other than telecommunications, so the claim that "they plan on incorporating Fonix into half their products" is unbelievable to me - do you have some documentation of that?

Your suggestion to look at other voice recognition companies with no revenues to get some idea of what fonix is worth also seems unusual to me. Why not look at other voice recognition companies WITH revenues, to try to get an idea of what fonix SHOULD be worth, when it can generate similar revenues? I would suggest LHSPF for this exercise, and I think you will find fonix isn't worth much more than what it's at, based on revenues we can reasonably expect from the Siemens deal, and discounting back from the time we can expect to see those revenues generated. Remember, in the meantime, the rest of the world will not be standing still. Siemens only commitment is the first payment of a few million - not unusual for this kind of deal. The rest is contigent on fonix producing a viable product, which has NOT been demonstrated yet!

Bob
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