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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: sargent who wrote (717)	6/10/1999 1:43:00 AM
From: Tai Jin	Read Replies (1) \| Respond to of 2514

Does anyone know what CUST is actually developing? Their web site is woefully lacking in technical content. Saying they are developing a payment system doesn't tell me anything. What technologies are they using and what have they developed? thanks...tai

To: sargent who wrote (717)	6/10/1999 6:17:00 AM
From: Mike M	Read Replies (1) \| Respond to of 2514

How do you know that the technology CUST is developing hasn't been in the works for much longer than everyone thinks and, recently, after realizing that they had something great with their transaction technology, coupled with the fact the music portion of their business did not hold as much potential as this transaction technology, they decided to scrap everything to focus on this new breakthrough product? I believe that is exactly what has happened. This company could hardly have created the excitement that it has in the financial community without a more solid framework than we have been able to speculate thus far. Every critic's point is well taken that the company must still be able to market this product, but for them to be in the patent stage already suggests that this has been in incubation for some time. No one knows at this time whether the company can convince the world to come to their doorstep so success is hardly a given, even if the product is superior. However, it is hardly the slam dunk short that many would have you believe either. If the internet has taught us anything, it is that as long as there are believers out there, the stock may run to the most unreasonable levels imaginable. I, for one, will not be talked out of my remaining shares until Cook has been given a chance to show his wares and demonstrate his ability to market same. I think it will be exciting and hope it will be rewarding. I further welcome some of the alternative points of view, which may well prove true, but hope their arguments will be steeped in fact not fantasy. Thanks for your comments.

To: sargent who wrote (717)	6/10/1999 7:42:00 AM
From: Rajiv	Read Replies (2) \| Respond to of 2514

How do you know that the technology CUST is developing hasn't been in the works for much longer than everyone thinks and, recently, after realizing that they had something great with their transaction technology, coupled with the fact the music portion of their business did not hold as much potential as this transaction technology, they decided to scrap everything to focus on this new breakthrough product? CUST took over a small start-up company (owned by David Cook) which was working on the customized CD stuff. This company was not working on the internet trust/DSS stuff as once the internet music project was dropped, payments to David Cook for the purchase of the company were also stopped. This is a clear indication that this company's technology and patent was no longer of monetary significance. Otherwise David Cook would have insisted on the remaining payments. The title of the patent was also transferred back to Cook - another sign that the tech was no longer useful. CUST has only retained a license just in case they re-incarnate themselves back to the internet- music business If CUST would have been working on the internet secure transcations and the DSS stuff from before, evidence would have shown up in the 10-Qs. You draw a blank on examining the P/l statements, cash flow, balance sheet, etc. They did not start working on this project before the start of the year. And till March end, they spent around (probably less) 2 MM. The net value of their property and equipment (as of March 31) is around 1 MM. Regards. Rajiv