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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?


To: Poet who wrote (742)5/25/2000 9:04:00 AM
From: Poet  Read Replies (1) | Respond to of 10876
 
A snippet from the Wednesday Option Investor newsletter, regarding ELON:

"ELON makes hardware and software that
connects everyday devices such as light switches, washing
machines, and gas pumps to the Internet. ELON helps original
equipment manufacturers cut costs by linking electrical devices
to a control network, thus cutting costs through centralized
control and increasing service efficiency. ELON is expected
to report its first quarter of profitability in its next
earnings report. And the story gets better. ELON is estimated
to grow earnings 30% annually over the next five years. And get
this, ELON is expected to earn 19 cents per share during fiscal
2001, an 1800% increase over fiscal 2000! If the analysts are
correct, ELON looks attractive for the long-term.

And more good news, Thomas Weisel Partners initiated coverage on
ELON Tuesday with a Strong Buy rating and set a 12-month price
target of $80 per share. The analyst action helped ELON to buck
the decline Tuesday, and edge higher. What's even more
interesting is the chart pattern formed over the past two
months. ELON has developed a classic cup-and-handle formation,
which by the way, O'Neil believes is the most telling trading
pattern in the technical analysis universe. Although the stock
retraced much of its gains from earlier in the year, the chart
formation looks strong. The stock consolidated its gains in
the cup portion of the chart through much of April, it has since
rallied on heavy volume to form the handle. A breakout around
$72 would provide a good entry to go long. Notice the
resemblance of a cup-and-handle formed earlier in the year.
Look at what happened when ELON broke away from the handle."



To: Poet who wrote (742)5/25/2000 2:07:00 PM
From: Ritch  Read Replies (1) | Respond to of 10876
 
No, Bette Davis didn't invent WCDMA. Wasn't it another actress, who just died in 1999?

Hedy Lamarr held some patents on CDMA since the 30's. I think she died in January of 1999.

Ritch



To: Poet who wrote (742)5/25/2000 7:24:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 10876
 
Hedy Lamarr held the patents in frequency hopping wireless communications, not CDMA or WCDMA. There was rumor that her involvement in the development of the technology was more for appearances. This is not true, she was actually very knowledgeable in the area and deserved the credit. I believe that she was recognized by congress (my memory may be faulty here) for her contributions to the war effort as the technology was effective in keeping the Germans from intercepting our communications. I'll see if I can find a link.

The link that is provided in this message has the patent and a little bit of history. However, there are some gross inaccuracies as they are equating the invention with spread spectrum and they are completely different. The correct type of communications that the patent covers is "frequency hopping".
Message 13777550

But who is counting.....