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To: fred whitridge who wrote (4208)	11/12/1999 11:58:00 PM
From: Ray	Read Replies (1) \| Respond to of 8393

I am surprised to learn that the Space Electronics & Communications Division is on the block when they say they are seeking to establish a Telecommunications Division. I suppose that the wafer lab could easily not be capable enough for the new division they have in mind -- 1 micron is indeed far from state-of-the-art for miniaturization. However, the 1 micron process limitation may not be very important to Ovonyx right now. Since scaling is claimed not to be a problem, then (1) either there is not any real challenge (my hope and belief) and the effort will quickly be accomplished, or (2) the challenges are other than miniaturization and the lab could be well suited for the first development stage. In any case, I trust that Tyler knows what he is doing. BTW, are we really partners with LM -- I thought we were just engaging in a joint effort.

To: fred whitridge who wrote (4208)	11/25/1999 6:10:00 PM
From: Michael Latas	Read Replies (3) \| Respond to of 8393

Fred, you have been quiet far too long. I do believe that your suggestion way back when, to spin off one or more of our most viable core technologies, is a highly realistic solution to our "more of the same" performance. There is not a question in my mind that the sum of the parts would far exceed the whole of ECD. Something will have to break. We are approaching ECD's 40th anniversary of breakthrough technologies. Most of this board is not even aware of the half of it. And, any one of our technologies could more than catapult us to where we belong from a market cap position and launch the success of ECD at long last. In particular, with some of the record-setting IPO performances of late. As an example, Cobalt Networks went public on Nov. 8th with five million shares, with 27 million additional shares outstanding, at $20 per share. The stock hit a high of 147 and 1/4, then settled down to $138. Their revenues were exceeded by their $13.8 million in losses. Makes you wonder, doesn't it? This is but one example of several for this month alone. Cobalt Networks was founded by Gordon Campbell, a former executive of Intel. He originally started another chip operation that he ended up selling for $320 mil. Not bad. He then started up another chip operation that he still has a small piece of. And here we are again with a very basic "appliance" type of low tech chip, that is very low cost and extremely competitive, just knocking the socks off the market cap. What in the world do they have going for them, other than the market is like a bunch of vultures waiting for most any IPO to hit the market. There is no contest when it comes to the superiority of our advanced memory technology. It's enough to test ones patience. So, you are not alone in your frustrations. On another note, J.R. Simplot who originally funded Micron Technology in Boise Idaho sold off 40% of his holdings back in January, still keeping a 3.2% interest at age 90. Who knows where this might lead, since we had a venture with Micron back before the bottom of the chip market fell out. After all, our OUM technology will be replacing Dram and flash chips. Micron is still the largest Dram mfg'r in the US. We could use some deja vu right about now. Surely if anyone would know what kind of technology Micron has and what competitive advantages we have it would be Tyler Lowry. Happy Thanksgiving. Regards.