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Technology Stocks : DDEV - DISTINCTIVE DEVICES, INC. -- Ignore unavailable to you. Want to Upgrade?


To: RikRichter who wrote (26)6/25/2000 11:29:00 PM
From: Mahatmabenfoo  Respond to of 36
 
> wondering what if anything happens to the patents that were awarded to the ex-CEO that I believe were assigned to DDEV?<

Well, I don't KNOW, but... unless the company announces otherwise, there's no reason to think he's taken his patents with him. In particular:

- the patents leaving would be a dramatic and important change, worthy of 8k treatment at least. There's no reason to think it's happened.

- the founder's value as an inventor does not, just as an general rule, mean he made a good manager, so maybe his ouster is for the best. And it means the teleport deal is much more likely to close now. Still, the founder must be irked to have arranged a buyout of a teleport, and then to have the teleport's management (as a condition of the deal?) kick him out.

- there's no reason to think, yet, that the founder has ceased being a major shareholder. This is good to the extent he as a continued interest in seeing the company prosper, and bad to the extent he may compete with DDEV -- although his ability to compete may (among other things) be limited by (1) his exit agreement with the company, if any, (2) his own patents which, to the extent owned by DDEV, can be cited against him.

- if they truly were assigned to DDEV, then DDEV own's the patents. As you probably know, patents (unlike every other area of intellectual property):

--- require the cooperation of the actual individual who is the "inventor" -- but once issued and assigned to the company, they belong to the company.

--- If DDEV's private placement investors did their job, at least, they probably made sure the assignment of the patent didn't have any tricky conditions that would result in a reversion of the patent to the inventor.

just my 2 cents, as we say online when we're just speculatin'.

Whether the teleport deal will consumate, and its management will be able to move FAST (as I think is needed) to take advantage of the DDEV technology, only time will tell.

Until then, maybe FBCE or PFNT or one of your other suggestions will fund my purchase of a Tuxedo and a cigar and a pair of roller skates (sold as a unit).

- Charles



To: RikRichter who wrote (26)7/14/2000 6:26:57 PM
From: Mahatmabenfoo  Respond to of 36
 
Perhaps this company is getting it act together!!!

We can hope, at least, that the moment this company announces dollar one from real revenue, it's stock price will respond accordingly. And that moment seems very near at hand.

The former CEO seems still involved -- at least there's no open split. And if his patents were assigned to DDEV, then DDEV has 'em, unless there were extremely unlikely reversion clauses (unlikely, because investors would not put up with them).

- Charles
=============
Distinctive Devices Set to Launch Service in NYC for Its High-Quality, Low-Cost Wireless Broadband Connectivity for Internet, Data and Video Conferencing Services

DELRAY BEACH, Fla.--(BUSINESS WIRE)--July 14, 2000--Distinctive Devices, Inc. (OTCBB:DDEV) announced that James W. Wolff has been elected President, Director and Treasurer of the Company replacing Michael J. Paolini, who resigned as CEO last month. Mr. Paolini continues to serve the Company as an engineering consultant.

The Company has completed construction of an antenna array system in New Jersey, facing Manhattan, intended to provide low-cost, two-way, broad bandwidth microwave connectivity for internet, data and video-telecommunication service. The Company's system would make available to subscribers a high-speed, wireless "last mile" connection to the internet, bypassing the local "loop" (a landline connection offered by local telephone companies). The Company also reported that it is launching a beta test of the system to a limited number of users in the New York City area for a trial period of thirty days.

Also, discussions are underway with other companies with regard to the installation of the Company's proprietary (patent pending) wireless array towers in three foreign locations. The Company proposes to franchise or license its technology including "video streaming" to foreign developers on a country-by-country basis.



To: RikRichter who wrote (26)8/26/2000 12:42:05 PM
From: Mahatmabenfoo  Respond to of 36
 
Fwiw, this was on RB today. The fellow seems to be saying that despite chaos managerially, work is still getting done.

I hope so. The press report of 30 day trials has been superceded by an SEC report of 60 day trials that appear to have an experimental aspect -- the trying of various attnnnas, for example, to see what works best.

But it STILL sounds like commercial operations could start soon, which means this stock could revive soon -- tho' this past week it sank, maybe on fears of insider selling.

- Charles

__From Raging Bull __________________________________________
By: WIRELESSDRA $
Reply To: None Saturday, 26 Aug 2000 at 11:18 AM EDT
Post # of 166

FOR THE RECORD.THIS WILL BE MY ONLY POSTING ON RAGING BULL.MY NAME IS DAVID R ANDERSON VP OF ENGINEERING FOR DDI.I AM A RF ENGINEER WITH OVER 30 PLUS YEARS BUILDING AND MAINTAINING ALL TYPES OF COMMUNICATION SYSTEMS.I AM THE PERSON RESPONSIBLE FOR THE INITIAL BUILDOUT AND BETA TESTING OF THE ARRAY SYSTEM FOR DDI.THIS PROJECT WENT FROM AN INTIAL PATENT PENDING MEETING IN JULY OF 99 TO BETA TEST STAGE IN LESS THAN 13 MONTHS.THIS WAS ACCOMPLISHED IN SPITE OF EQUIPMENT DELAYS,BANDWIDTH DELAYS,INCLIMATE WEATHER,ONGOING SYSTEM ENHANCEMENTS AND RECONFIGURATIONS.AND AS YOU POINT OUT INTERNAL MANAGEMENT TURNOVER AND STRIFE.BE ASSURED THAT THERE HAS BEEN LONG HOURS SPENT BY MYSELF,EXECUTIVE MANAGEMENT,FLORIDA STAFF,UNION CITY/NEW YORK STAFF AND CONSULTANTS ON YOUR BEHALF IN DEPLOYING THIS SYSTEM.REGARDS DAVID R ANDERSON VP ENGINEERING DDI



To: RikRichter who wrote (26)10/12/2000 2:42:13 AM
From: Mahatmabenfoo  Respond to of 36
 
Elliot,

Lot'o'excitement on the DDEV board on RB! The key points:

- the August 10Q says that the company plans to start 60 day trials of its system. The November 10Q may tell us they've been successful... or could tell us that the company is in chaos with lost employees and a continusing board battle.

- MJPaolini, the company's founder and source of the patents (I believe) and ex-CEO has been very generous in providing information -- although there are some very embittered shareholders who think he's a monster.

One of MJP's posts is below. Great stuff - although it makes this company frustrating as a great hope that may never get its course straight.

- Charles

P.S. there's some noise about WCYB on RB also -- mostly because of a recent increase in share price that looks phony.

==============
By: mjpaoli $$
Reply To: None Wednesday, 11 Oct 2000 at 10:03 PM EDT
Post # of 429

Paolini responds to Tilyou $$$ Post 387

Thanks for asking intelligent questions.

The Florida Teleport deal has been dead for three months. The books of the Teleport were not audited and after a preliminary investigation by the accountants, both parties agreed to abandon the deal. There was nothing wrong with the financials, but it would have required complete reconstruction of the books for three years previous. I believe the Teleport has since been sold to a private German group, but I cannot confirm that.

None of the officers or directors of DDEV are formerly part of the Teleport. Frank Cassidy, the owner of the Teleport served as President and CEO and Director for about two weeks in June of this year before resigning.

DDEV was always based in Florida. I selected New York as the best opportunity to make the array investment. We have always been at 110 East Atlantic Avenue Suite 230 Delray Beach Florida 33444.

The Teleport people were not behind my ouster. There was intense disputes between the directors in June. I wanted them all to resign. Frank Cassidy was suggested as a compromise candidate, and I agreed since the Teleport was doing six million per year, so after the acquisition, it was reasonable that he should run the Company. I stepped aside, but not before calling for a shareholder meeting for September 8, just in case. The Board of DDEV approved the meeting, and then refused to have it, knowing that they would probably be removed. Wolff and Earl Anderson own less than one million shares collectively.

The Teleport would have made DDEV profitable immediately, if the deal could have been done quickly. Unfortunately, it could not. We did install an Uplink at our Union City array location, so DDEV has satellite capability right now. We also maintained a customer-vendor relationship with the Teleport, so we could use the Teleport for global linkage to NY from either Union City or Florida.

The strife at DDEV has not ended. The Board has refused to resign and/or restore me as CEO. In fact there is evidence that they have been working against the parent company which I control (EagleView Technologies, Inc.) which is the largest shareholder of DDEV.

If there is a meeting, it will be a bloody proxy fight, with all kinds of name calling. There are people who are willing to invest in DDEV if they could control the Board. I would go on the Board as Chief Technical Officer.

The real problem is that the present management cannot be motivated with regard to the price of the stock. Earl Anderson has never held a shareholder meeting for fifteen years. He is 76 years old. After sitting with his stock for that period of time he did not sell a significant portion of his shares when he could have. I placed no restrictions on his aged stock when I did the deal. He could have easily sold his shares at three dollars when the stock rose from $.22. He did not. At his age he should have cashed out after fifteen years and risked buying green bannanas. Wolff only owns 150,000 shares of DDEV stock. Neither Wolff nor Earl Anderson have any technical background whatsover. It is a truly unfortunate situation.

Mike Paolini



To: RikRichter who wrote (26)11/20/2000 3:14:25 PM
From: Mahatmabenfoo  Respond to of 36
 
F/y/i

more chaos at DDEV.

- Charles

=====
Business Wire November 18, 2000, Saturday HEADLINE: EagleView Technologies, Inc. to Force Shareholder Meeting of Distinctive Devices, Inc. [excerpt]

Michael J. Paolini, President of EagleView Technologies, Inc., the largest shareholder of Distinctive Devices, Inc. ("DDEV.OB") had advised the Board of Directors of DDEV that he would seek a court order compelling a shareholder meeting of DDEV.

Mr. Paolini stated that, as a condition of his resignation as CEO of DDEV, the Board had unanimously approved a shareholder meeting for September 8, 2000. The meeting had been requested in accordance with the by laws of DDEV which provide that a greater than 25% shareholder can request a shareholder meeting. Mr. Paolini further stated that the Board of DDEV has refused to have the approved shareholder meeting and as such is operating against the by-laws of the Company. He also stated that he advised the Board that these facts were missing from the most recent 10Q of DDEV. He further advised the Board of DDEV, that he would be seeking claims against the directors personally for operating the Company in violation of its by-laws with a subsequent deterioration in the price of DDEV stock.

Mr. Paolini said that he was not seeking reinstatement to the Board of DDEV, but that EagleView Technologies, Inc. would vote to approve a slate of directors proposed by Mr. Sanjay Mody, the largest single investor in DDEV. Mr. Paolini stated that he and Mr. Mody have been in continuous discussions for the past several months for several business opportunities that they both felt should be placed under the umbrella of DDEV.



To: RikRichter who wrote (26)2/8/2001 6:25:58 AM
From: Mahatmabenfoo  Read Replies (1) | Respond to of 36
 
Elliot

Lotso noise about DDEV on Raging Bull. It seems to mean:

- Paolini the founder and tech guy behind DDEV appears to have backed off his recent threat to demand a shareholder meeting and maybe is starting a new company

- Other shareholders appear to be trying to organize a shareholder meeting. The goal would be to kick out current management, which has not used DDEV's tech, and to start the business DDEV was supposed to start a year ago

In other words, chaos (bad) and more chaos (good if it leads to the company actually starting its business, and to new investment to help make that possible). It might mean this is a good time to invest in DDEV tho' it's always made a mockery of my optimism.

As to PFNT (now PNLG, I think) the news seems less good. It has only a few weeks before some loans become due, and
sales of its networking products have been nil -- instead of taking off in time to make up for crashing revenues from its one-way pager biz. Supposedly it's made loads of sales that haven't been reported yet.... but my guess is too little too late.

All in all, a good time to invest in a cup-cake company. Nice low tech. No radio frequency donuts.

- Charles