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Technology Stocks : AUTOHOME, Inc

ATHM 24.92

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Nov 12 3:59 PM EST

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To: Jay Lowe who wrote (5629)	2/21/1999 9:56:00 AM
From: Frank A. Coluccio	Read Replies (2) of 29970

OT - VoIP Technobabble >I'll pay attention when I can snip parts of a saved conversation and forward them to my partners via email ... just for starters. < This application will have some very substantial impacts on the technology of the dealing desk in the securities trading industry. For the uninitiated, many classes of broker and dealing functions are under regulatory guidelines (and some under individual house compliance mandates) to record all voice transactions that take place during the work day. Along with these there are the mandates to ensure that the other party on the line is notified that their call is not private, and that they are being recorded. But you (folks) already knew that... At the current time, most voice trading desk recordings are still of the electro mechanical tape drive class due to the high efficiency that has historically been associated with it. You've also touched on a very interesting legal matter that will undoubtedly play itself out in the broader context, as well. That being the requirement of notification and prompts. Will you provide the other party on the call, as a non-securities- related businessman, or as a private citizen during the off work hours even, the requisite notification and beeps every 15 seconds to remind them that the contents of their conversation and that their voiceprints are being recorded?

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