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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: IEarnedIt who wrote (8834)	12/30/1999 9:47:00 PM
From: Starlight	Read Replies (1) \| Respond to of 18366

Handheld Mania Revs Up -- yahoo.cnet.com

To: IEarnedIt who wrote (8834)	12/31/1999 12:43:00 AM
From: Walter Morton	Read Replies (2) \| Respond to of 18366

Portable Digital Voice Recorder Bundled with Dragon Systems Voice Recognition Software: The company that EDIG decided not to merge with when EDIG was known as Norris Communications (according to some old timers on this thread) is partnering with Dragon Systems and SmartDisk. It's interesting that companies like Dragon Systems and SmartDisk would work with a company that recently filed bankruptcy. I guess timing is everything. Their sales have increased to over $10 million and they were profitable in the first nine months of 1999. The funny thing is that they have NO patents (although Olympus references Voice-It in their patents: patents.ibm.com ), ONLY have 6 million shares outstanding, and a stock price of ONLY $.095. For some reason the market does not see a future for a company that is making a profit: "During 1998, the Company changed its business strategy to reduce its reliance on the retail market and expand its business through OEM, VAR, and vertical markets. "In June 1998, the Company entered into an agreement with Dragon Systems Inc., the leading voice recognition software marketer in the U.S., to supply Mobile Dictation recorders for bundling with Dragon Systems voice recognition software. Shipments to this customer began in October 1998. In April 1999, the Company reported a new two year supply agreement with Dragon that expires in December 2000." "Under an agreement with Dragon Systems, the Voice It recorder also is sold under the brand name, Dragon NaturallyMobile(TM) digital recorder, and is bundled with Dragon Systems' NaturallySpeaking speech recognition software." "[SmartDisk]announced... that it has integrated support for the digital, hand-held Voice It© Mobile Digital Recorder (VTR Series) into its FlashPath(TM) floppy disk adapter. By creating a FlashPath solution for the Voice It recorder, SmartDisk is entering the growing digital audio market." "We believe this new collaboration with Voice It will broaden the appeal of FlashPath by enabling it to transfer digital audio from the recorder's flash memory cards to PCs. This new relationship furthers SmartDisk's corporate mission - to create seamless solutions that simplify the digital lifestyle." "For those who use flash memory cards, FlashPath provides a consumer-friendly way to transfer voice files from the Voice It recorder to a PC for playback or transcription,' said Tim Walters, vice president of business development, Voice It. ``Users simply remove the flash memory card from their Voice It, insert it in the FlashPath adapter and then place the FlashPath into the computer's floppy drive." "FlashPath will be included in a Digital Transcription System that is scheduled to be launched at COMDEX. The system, which is modular, consists of the Dictation module (Voice It Mobile Digital Recorder with Voice It Link software, $199 MSRP), the Voice File Transfer Module (FlashPath with two 8 MB SmartMedia cards, $149 MSRP), and the Transcription Module (software, headphones and foot pedal, $199 MSRP). The Transcription System modules will be sold through Voice It distributors and the company's Web site at www.voiceit.com. They refer to themselves as The Recognized Leader In Digital Voice Recording (Both IBM & Dragon Systems Compatible) voiceit.com I wonder if Woody would agree to that statement. Since when did a little debt paying trouble scare off the penny stock investors? Do most of the former MEMO investors think EDIG is going to take away their business? Hmmm.... Earning per share of $.05 and a stock price of $.095? Item 1. Legal Proceedings. On November 2, 1998, the Company filed a voluntary petition for protectionunder the reorganization provisions of Chapter 11 of the Bankruptcy Code withthe United States Bankruptcy Court, District of Colorado, file number 98-25542RJB. The Company will continue to operate as a Debtor-in-Possession. On March 2, 1999, the Company filed its initial Plan of reorganizationwith the United States Bankruptcy Court. On April 21, 1999, the Company filed a new Plan of Reorganization andDisclosure Statement with the United States Bankruptcy Court. On May 14, 1999 the United States Bankruptcy Trustee objected to theadequacy of the Company's Disclosure Statement. In June the Company filed its First Amended disclosure statementto the U. S. Bankruptcy Court to accompany the First Amended Plan ofReorganization. On October 6, 1999 the United States Trustee applied to the BankruptcyCourt for an order to convert to a proceeding under Chapter 7 liquidation. On October 22, 1999 the Company filed a new Plan of Reorganization andDisclosure Statement. The new Plan is proposed as a cramdown on unsecuredcreditors and shareholders.