Craig,
What NCT has that is exclusive is the MPEG "4" technology. As you have seen, from all the Companies on the supplied link, is that they are using MPEG2 and MPEG3. (For now 3 is being used almost exclusively for Music). MPEG 4 can compress a one minute video clip 340x280 with excellent screen quality, sound, and 10-12 frames per second, down to about a half a megabyte. MPEG3 would still be 3-5 megabytes for the same size and quality. And AVI would be about 15-25 megs.
I spoke with the VP Internet Operations and he tells me that they will have demos of actual streaming clips comparing NCT streaming to MPEG2 and Real Networks "Real Player" in a week or so. The trick is to make the demo viewable by all, even if you have not installed the software.
He thinks they have it figured out. I will inform when it is up. Re. the Satellite Access technology. Again I personally have not seen it yet. (Remember I do not work for the Company) But I have spoken with a half a dozen people, both technical and non who were taken out on a yacht 8 miles off shore in the Gulf where they saw the software and protocols both upload and download via the satellite connection. They saw a full length two hour movie download to the hard drive in just a matter of minutes, and then played back full screen, normal speed. To quote them, "it looked like a video tape playing". It doesn't take a vivid imagination to see the potential if this is true. Ie. Cyber Video Rental etc.
Where the real synergism between the two companies really shows is that NCT through its WaveTV(TM)hardware is the perfect "Black Box" that can receive the download and put it straight into a TV.
I have been a webmaster myself for almost 5 years and the last two I have done extensive internet streaming video work. While even I find it hard to comprehend this technology, I have always felt it was just a matter of time that it would become available. Do they really have it, I cannot personally attest, but I do trust at least at least three of the people who have seen it in both their knowledge and honesty, so I am prone to believe they do.
What you must remember is that NCT as a Company is only a few months old. It had no intention to be generally introduced to the investment community at this time. The fact that the stock made a major move up was not caused by or for that matter is not welcomed by management. They would much rather had a month or two more to finish "putting their act together" first. (Name change, Website complete, 10k's, Q's etc.)
Contrary to what you might read on these boards, they do not have a "Promotion Campaign" going on the stock. The IR girl they have is "clueless" about hyping a stock. She is there for one reason only and that is to help investors that call the company. If you don't believe me call her. I have to believe, if they wanted to hype the stock, they sure wouldn't be putting out "amaturish" press releases like we have seen that confuse more than inform. Believe me, if I didn't know what I do about the Company and I just read their releases, and if it were possible to legally short this stock in the US, other then by dealers, I probably would be shorting it myself. Particularly after seeing the Merchant Bank that received a million shares in exchange for the Baraka debt they held, trying to register their shares as an insider for sale last February. Problem was, that the person who filed the paperwork at the bank was not aware that this stock is Restricted and cannot even be submitted for registration until next year at the earliest. Though the registration has been pulled, it still shows up on Yahoo.
Who knows, maybe the downside is larger then the upside, but that is for each to decide on their own. As I said in my first post here, I own stock, both free trade that I bought in the market, and restricted for my past consulting. I have no interest in selling the stock that I bought, even though I have a large profit, but then I am a gambler at heart.
The stock move, IMO, was caused because everyone who has tried the software and understands the technology wants to own the stock. And the stock has a small trading float. You know when we first put together the Baraka deal in January, Real Networks Inc.(RNWK) was trading under $30 a share pre-split with trailing losses of over $1.50 a share. They had five times more shares outstanding then NCT after Baraka. As you can see from the RNWK chart, their stock went up to over $270 a share at the peak over the next 100 days. Of course it doesn't take a rocket scientist to see that if NCT really has better streaming media then RNWK, then its stock should be acquired. Now with the addition of the Satellite Access deal, it adds an even more exciting dimension. Ergo, more buyers.
I have to give Byron credit for one thing in his "hatchet job". To quote him; "In short, there may be a lot to Corsaire Inc., and, alternatively, there may be nothing at all." At least he was coy enough not to attack the technology. Though I do suspect that if he just would have tried the software, he would have canned his article.
Once again, I must state, I am not speaking for the Company here. I have not talked with the President or any major shareholder in over three weeks. My comments and opinions here are mine and mine alone.
Best of luck to all. One thing I will guarantee about the stock.
It will fluctuate.
Art
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