To: Joe Copia who wrote (5823 ) 6/18/1999 8:02:00 AM From: PATRICK KOZAKIEWICZ Read Replies (1) | Respond to of 18366
I cannot predict what the stock price will or will not do, but I am happy to provide a summary of the company's current business: The company is in a better position now than it has been for the last 2-3 years because of the business we do with Lanier Worldwide, Inc., a $1.6 billion subsidiary of Harris Corp. Shipments to Lanier began in mid June 1999 and were announced June 15. This is an extremely important milestone for EDIG. This begins fulfillment of Lanier's initial purchase order for over $3 million, which is expected to cover their first five months of needs based on their sales forecasts. The current contract between e.Digital and Lanier goes through December 2001. There is also the potential of developing additional products or enhancements for Lanier. e.Digital has secured an agreement with Intel Corp. wherein e.Digital will develop and deliver a number of prototype digital voice recorders which Intel will then market to Intel's OEM customers. Interested parties will be referred back to e.Digital for licensing, design and manufacturing services as needed. Although the value of this initial contract is under $1 million, the potential for future business could be much larger. e.Digital is currently working with Lucent Technologies to market a "Secure Internet Music Download Device" and player. The product uses Lucent's EPAC music compression software, which includes watermarking and security technology to prevent the illegal copy and distribution of music files downloaded from the Internet. We feel that the emerging Internet music market has tremendous potential, and we have been prepared for years with our MicroOS(TM) Audio technology. The current target is to have the product licensed, branded (possibly by a number of licensees), and on the market in time for Christmas. If you would like to receive a package of information on e.Digital Corporation including the latest financial reports, analyst's report, product information and press releases, please forward your full name and street/mailing address. Best regards, Wendy Ravenel At 03:05 PM 6/17/99 -0400, you wrote: >Can you please let me know what ramifications you expect from your latest >press release on the upcoming performance of EDIG? > >Thanks > >Patrick > _____________________________________________________ Wendy Ravenel Investor Relations/Public Relations e.Digital Corporation 13114 Evening Creek Drive South San Diego, CA 92127 (619)679-1504 PHO (619)486-3922 FAXedig.com investor@edig.com