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

To: Jon Tara who wrote (12307)	4/15/2000 2:06:00 PM
From: Tinroad	Read Replies (1) \| Respond to of 18366

Jon, do more DD lest you show your ignorance again: SAN DIEGO, CA June 28, 1999 e.Digital Corporation (OTC: EDIG) announced today that a single institutional investor has made a $3 million equity investment in the company. The transaction was facilitated by New York based Jesup & Lamont Securities Corporation. "This investment strengthens our financial stature with OEM partners," said Fred Falk, president and CEO of e.Digital. "We are positioned to take advantage of new opportunities in the rapidly growing handheld device markets for voice, music, and data, and have enhanced our engineering and technical talent to support emerging relationships." Falk continued, "Because of our inclusion as an inaugural member of the IBM-sponsored VoiceTIMES alliance and our OEM relationships with Lanier Worldwide, Intel Corporation and Lucent Technologies, we have tremendously increased our visibility and new business opportunities. Based on fulfilling our initial $3 million purchase order from Lanier, and projects underway with Intel and Lucent, we expect financial results for fiscal year 2000 to improve significantly." Isn't 10 months soon enough before the correction?