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Gold/Mining/Energy : MYT - Mytec Technologies
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To: Just G who wrote (1162)1/14/1999 9:54:00 AM
From: Glen Abbey  Read Replies (1) of 1535
 
Biometrics are still ahead of their time and suffering further delay from the Y2K budget problem. Mytec is well positioned with fingerprint but is not yet market proven and does face competition. Any news at this point would only be hype of suspected deals in the making. As frustrating as it is... we can only wait if we believe or sell if we don't. Nagging the company only deflects them from concentrating on what we need - getting clients and partners.

I would imagine that the only strategy discussed at that meeting in January is how to generate more cashflow to fund the delay until the market for biometrics comes alive. The product must continue to evolve and be promoted during this period. That costs money.
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