To: Mike Fredericks who wrote (5413 ) 7/7/1999 3:12:00 PM From: SCOTT HEIMAN Read Replies (1) | Respond to of 13157
Mike: Let me point out some errors in your facts: 1) Investors did expect a launch in 95/96 and were disappointed, but once digital delivery of the TV signal became the standard no clear thinking investor should have been expecting anything until the infastructure to deliver it was in place. Why should IATV go to the expense of launching an analog based product that would be short-lived and inferior? Companies get one bite at the big consumer apple so they better come with their best product. 2) This product is not just "vaporware". That term applies to non-existant technologies that companies claim they are about to introduce. If you don't believe the technology is here and works, then you shouldn't even be talking about this stock. I feel darn sure that my fellow shareholders (Janus, Tudor-Jones, GIC, LMG, etc.) have the expertise to verify this. 3) IATV has nothing to do with TVGIA introduction or operation. They simply licensed TVGIA to use their product. IATV has ZERO to do with when and how TVGIA runs their business. 4) Stocks go up. Stocks go down. If you don't grasp that, stay at the bank. 5) Those figures refer to worldwide shipments of STB's. Our initial concern is Texas. 6) AT&T did select WINK, just like I'm sure they will test several platforms before settling on one or two. 7) MSFT is developing a OS for the STB's, not applications. Plus, the last time I checked, they are not noted for their razor sharp understanding of TV viewers and the factors that push their buttons. Consumers do not want to watch a computer. They want to watch TV!! 8) IATV is making no excuses, you are projecting your thinking on to them. Why should they make excuses for a delay that they did not create. Not one of their partners has blamed or accused them of failing to deliver their product. Scott