Steven, alot of questions. I will try to answer them all:
I am still long CAML, and have been since Dec. '95, although I have consistently traded in and out of part of my position to take advantage of the swings of this stock.
I understand that Danny W. was on vacation, but I have been told that he is back and was in the offices all of last week. I don't know about the key development managers, but Phil does appear to have, at times, a good source of information. Typically, his posts have a degree of truth to them, but often twisted a bit to emphasize that which he wishes.
Phil does spend alot of time criticizing Camelot. He has stated that he has no financial interest in any of the internet telephony companies, but has admitted to a friendship with an individual that CAML sued last year. I don't wish to re-hash that incident, except to say that Camelot received alot of bad "net press" over it, and ticked off alot of people, including Phil. I am sure that this was the original motivator for Phil. Since then, it has grown to where Phil feels obligated to rid the world of the evils, as he perceives them, of Camelot and Danny W.
Any of our e-mail address', in this forum, is very easy to determine. Just click on a name after a post, and you go to that person's profile. In doing so, you see that Mr. asset has an e-mail address from utexas.edu. I doubt if he is associated with Camelot in any way, and is only posting his views consistent with the intent of this forum.
The FTC, back in Aug '96, closed its investigation of Camelot and the marketing of DigiPhone and determined that no action against them was warranted. It is my understanding that Camelot has responded to all SEC inquiries and consider that issue also closed.
Regarding cutting bait, I don't know. I have always said that this stock is highly speculative. It has very significant swings, and does have the potential to rocket out of these lows. It also has the potential to stay here, or even go lower. It really is going to depend on the industry in general. As of yet, this infant technology just hasn't really caught on yet. I do think that as standards are developed and embraced, as it grows and matures, it will be a significant part of the internet.
Will this happen tomorrow, or next year, I don't know. I think an indicator will be when corporate America begins to show their acceptance of this technology. Until then, it can be alot of fun as long as you don't mortgage the farm over it!
Tim |
