Testamonial Regarding LGPT's Founder ...
In regard to the recent postings about LGPT's credibility, it has been my personal experience that LGPT's founder (and Chief Technical Officer) is a man of integrity. Furthermore, my review of his issued patents leads me to conclude that LGPT's technology is credible.
I first became aware of LGPT's founder several years ago while working on a consulting job for a client. (Prior to that I had been employed as a software engineer in one of Hewlett-Packard's R&D labs.) It is indeed true that LGPT's founder has worked on his inventions for years. I have found him to be passionate about his inventions and their commercial potential. Such optimism has enabled him to overcome the inevitable hurdles that challenge all start-up firms. I am impressed with his accomplishments.
Although I vouch for the founder's integrity, I do not know whether investors will lose money or make money on LGPT stock. People who invest in better mousetraps sometimes lose their shirts and other times strike it rich. For example, although many people believed that Sony's Betamax was a superior videotape technology, it lost the commercial battle to VHS. A counter example is provided by the invention of the browser -- the initial investors in Netscape have done quite well. As for technology, a product's strengths are often also its weaknesses. For example, a Porsche is a vastly superior vehicle for auto racing but lousy for off-road travel. Similarly, a sports utility vehicle is vastly superior for off-road travel but will never win the Indy 500. From a commercial perspective, LGPT's innovative technology has its advantages as does the widely used IEEE floating point standard. And of course, non-technical issues such as financing, sales, and the economy can also determine whether a better mousetrap makes it to market. I am thus of the opinion that purchasing shares in any micro-cap is a highly speculative investment. Although I have recently purchased a few shares of LGPT, I do not know whether I'll make a tidy profit or lose my shirt. Only time will tell whether the computer industry will adopt LGPT's technology or not.
However if there is an untapped market for an alternative floating point technology, I am confident that it will be pioneered by LGPT. Some of the older posts in this forum have complained about the projections stated in LGPT's press releases. Although I too discount some of the optimism in the early press releases, my opinion of LGPT's founder remains unchanged -- it has been my experience that he is a man of integrity.
Because of my past discussions with LGPT's founder, I consider it inappropriate for me to comment on LGPT's technology or business at this time. I wish to remain neutral regarding the stock and thus will not make any further posts nor respond to any inquiries. Best of luck with your investment decisions!
Regards,
- Mark Winkel |
