Kevin,
For once I find myself in Mr. Butkus' corner. I wouldn't start counting your $$$ yet.
Digital e-film at IRSN is not new. John Carson has been toying with this for over 1 and 1/2 years. Bert Hornbeck is actually managing the project I think. I don't think John Carson or Jim Evert have done adequate marketing analysis. There are some people excited about this but there are many naysayers who think IRSN is throwing good money after bad.
Kodak has no interest in Imagek. In time, someone may have an interest, but right now the company doesn't even have a working prototype. BTW, this is the same project the company was supposed to demo at last years shareholder meeting and couldn't. Some of us went back to IRSN headquarters for a brass board demo that was not very impressive.
Jim Evert is way out in front of his staff on this thing. Poor market analysis, no prototype, just a bunch of promises...as always.
Investors ought to ask him tough questions at the upcoming annual stockholders meeting.
BTW, your expected pricing of this e-film is way off. The company can't deliver this for less than $800. Additionally, you have to buy an expensive conversion kit for your computer. Like I said, this is good money after bad. It seems Mr. Evert is unable to pick winners and losers.
Kevin, I normally don't see eye-to-eye with Robert. However, I'm beginning to think he understands IRSN better than all of us. The only hope I see in this operation is John Murray and Floyd Eide. Unfortunately, their operations are not being adequately resourced right now because the company leadership is burning up precious dollars on unvalidated markets for too many products.
Just for grins, ask Jim Evert where Novalog is right now. Or better yet, ask him what the timeline is for Microsensor products. MSI probably has the most immediate commercial market potential-yet their two lead products have schedules which are slipping to the right by at least 3 months, maybe 6. I'm sure IRSN will fail the first-to-market criteria needed for any commercial success.
Kevin, I hate to rain on your parade, but I thought you needed a reality check. This is, after all, Irvine Sensors.
Migdriver |
