To: Arthur Radley who wrote (8569 ) 8/3/1999 10:51:00 PM From: ecommerceman Read Replies (1) | Respond to of 11417
Tex--After taking Klingerg to task for selectivity (and he was right to note that he included the URL for the entire article), perhaps you will admit that you were being a little, uh, disingenuous when you wrote earlier today that, "As for supporting evidence.....10 years and no trip down the aisle with one of my grooms [CPQ, IBM, etc.] that I mentioned." Is it really surprising, Tex, that Wave didn't sell any Wavemeters before the internet burst into full bloom? I don't think so. Sprague was substantially ahead of his time when he came up with the idea of the Wavemeter, and not until recently was it a viable concept because existing technology hadn't yet caught up to the brilliance of it. Of course, I'd be a fool if I admitted that there was no risk here--there's plenty of risk, and I may lose every last dollar that I've invested in this company. On the other hand, if Sprague is the visionary that I believe him to be, the reward that I'll receive will dwarf almost all other stocks. Time, of course, will tell. And I disagree with the statement from the analyst, "Unless all come on board, it probably won't work," because that's not the way it will happen, IMHO, and here's why: if one major OEM deploys, it will put significant pressure on the others to deploy as well. If CPQ deploys and establishes a very needed revenue-stream, doesn't it make sense that the other OEMs will do likewise? What would be the motivation to hold back, aversion to money? Of course, I'm assuming that the revenue-stream will accompany deployment, I admit. If I'm wrong, I'll pay the price, and if I'm right, I'll be a very happy man. As I said, this stock isn't a "done-deal," and sure as hell isn't for the faint-hearted. But the risk-reward ratio is better here than with any stock I've ever seen, and I'm content to ride the wave for quite a while in the future.