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Non-Tech : Amati investors
AMTX 1.505-2.9%12:12 PM EST

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To: Kelly Igou who wrote (8419)1/14/1997 4:07:00 PM
From: pat mudge   of 31386
 
[Personal response to gripes:]

<<<In my book, JS is losing credibility as a source of information. Maybe Amati is playing too "hard to get" on the licensing. So far there's a big goose-egg on the scoreboard, and if nothing appears soon, JS is going to be accused of selling smoke.>>>

Kelly, Kenneth, all the rest --

I'm in the balcony with you. This morning when the switchboard was closed except for voice mail, and I couldn't get a human voice no matter what I did, I came as close to selling out as I've come yet. I have some serious questions I want answered, I'd left messages saying as much, and no one was listening.

Since then I've talked to several people. They're working on answers and I believe I'll get them as early as this afternoon. In the meantime I feel like that kid on a hot summer day, hearing the wires overhead hum with electricity, not knowing what it means, only that it's alive and makes the air sing. The company's as tight as a drum. No one's talking. If anything leaks, heads will roll. Is this the darkness before dawn? The calm before the storm? The crucible necessary to enter the next phase of development?

I don't have any answers. All I know is that everyone from Jim Gibbons to Jim Steenbergen to Ron Carlini is either travelling or in negotiations or meeting with attorneys. No one's wasting time---not even to placate nervous shareholders. As I told RC when I hung up, "Well, at least you've got your priorities straight. Get the job done and then we'll talk."

Right now I don't know if I'm a fool or a visionary, but I'm still long.

Pat





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