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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 385.07+0.9%3:59 PM EST
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To: Marshall who wrote (30641)2/2/1999 1:17:00 AM
From: BDR  Read Replies (1) of 33268
 
Marshall, thanks for the education. If that was already posted here on this thread I apologize for not having gone back far enough to find it.

The reason I asked is twofold. First, because I looked at the options for upgrading from a 56K connection (really a 40K connection on a good day and usually a 33K connection) locally (Scottsdale, AZ, a "newer community") and found that cable was a year or two away. Microwave, with truly awesome download speeds, is available but it is more costly and each computer needs its own connection. DSL provides reasonably fast speeds (mine operates at about 250K uploading and 350K downloading but I could have doubled that for a little more a month), US West provided the hardware for free, it costs only $40 a month plus my ISP and I can hook up as many computers as I can network at home. Once I have my ethernet network I will probably drop my second line unless I decide to keep a modem backup for the DSL connection. So far it has been very reliable. From what you have been kind enough to provide about the RACE solution I don't see a reason to switch to it if it were available. But I am just one consumer.

The second reason I inquired was that my curiosity was piqued after reading the S-3 filing. Statements like:

"Our goal of returning to profitability and developing a more reliable revenue base will depend on the success of our Be There! Remote Access System. Since its release in early 1997, the Be There! product line has had very limited success and revenue to date from the products has not been significant."

and

"We have suffered substantial recurring losses, and we have not had significant revenue to date from our Be There! products. It is possible that we will never return to profitability or generate future revenue levels sufficient to support operations. Our independent auditors have included an explanatory paragraph in their report covering the June 30, 1998 financial statements which expresses substantial doubt about our ability to continue as a going concern (my emphasis). The explanatory paragraph notes that we have suffered recurring losses and incurred negative cash flow from operations during fiscal 1998 and fiscal 1997..."

coupled with what appears to be a "toxic convertible" made me wonder what great technology was keeping this stock price up. Do you have any comments on the S-3 and its implications? Again my apologies if this has already been covered here.
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