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To: Sir Auric Goldfinger who wrote (376)6/28/2000 10:22:00 AM
From: Augustus Gloop  Respond to of 447
 
Auric,

no matter what you think of the stock there is no reason to resort to insults with me as you did in you last post. I was trying to help the person who was short and was obviously sweating at the time. My view at the time was purely technical (T/A). As I have clearly stated, I don't own SCII and I think it's unfair of you to imply otherwise or insult me.

Gloop



To: Sir Auric Goldfinger who wrote (376)8/14/2000 11:09:09 AM
From: StockDung  Read Replies (2) | Respond to of 447
 
Sensar (SCII): The Technology--> It’s a FLOOR WAX, but wait, IT’S A DESERT TOPPING TOO!!!!

Under the heading of “life is stranger than fiction” comes the parade of new awesome, “real soon now” global crushing technology wonder-companies. With massive campaigns of super double secret technologies first disclosed to the general public through anonymous altruistic Yahoo posters. So many of these tinniest gems of companies, proclaim that they will soon deploy the wonder-technology that will change the world. As many a guy has failed in the attempt, the marvel of cut glass, those similar enough in many respects, simply don’t make the grade with the fair damsels of the world. Likewise in technology there is the VHS and the BetaMax, as Highlander says, “There can be only one!” With many of these companies, they are trying to compete with BetaMax, when in reality the world is all using VHS.

So again we walk over to the star of the show, the “Story Stock” Sensar (SCII).

As the chitty-chitty chatter of the Yahoo Boards and Clubs love to explain, the technology of the SCII will soon be the global dominator of all things wireless. Amazing how these techno-marvels can have such incredible technology after less than 1 year in existence. Posters on Yahoo unbounded by the rules of economic physics proclaim in ho hum fashion that rumors tell….shhhhhhhhh, oh yes that the word is…. promise not to tell now, do ya promissssseesseeeeses me??????

Okay, you are in, but don’t tell your friends.

The marvelous flat-earther posters of Yahoo proclaim that SCII refused the 4 Billion Dollar (US dinero), from AT&T
messages.yahoo.com

Remember, that after the Merger, SCII will have over 40+ Million shares outstanding. Currently the company is less than a year old (Net2Wireless), with no sales. So we all can understand why AT&T was told to take a hike. Ummmm excuse me for a second...
Okay I am back...no wait, I can not take it.....back again....dang my eyes are tearing up hold again…Okay I can maintain now! Yes! Rejecting the phantom offer from AT&T was wise, prudent, and realistic....sorry excuse me again....

And so it goes with wonder stocks in the year 2000.

So lets take a look at the technology. Just what is this SCII pipe-dream???

The Tech: What is it?

Let’s take a gander at the net2wireless.com web site. Ah interesting-- “Net2Wirless Product:The explosion of Internet usage for e-commerce and instant information requirements has created new opportunities for Datalink.net. The company offers enterprise-level products to make wireless enablement of Web sites and corporate intranets a reality. The Datalink.net e-commerce products

WAIT----HOLD ON---Big Mistake, this is not the SCII Net2Wirless company, its some other unrelated company in the same sector. Again this is not the SCII company.

Okay got the site now its net2w.com , not nearly as nice, but this is right one. The site is not keep up to date, with very old news, broken and empty links, all this for a near 1 billion dollar market Capitizalized wonder company. Sure make me wonder…ooops I digress. Okay I found the description of the technology. I will copy it here:
-----------------================--------------------==========
This unique data compression technology with dynamic bandwidth will allow the cellular operator to provide the following services over Net2Wireless Wireless Application Servers (WAS):
Wireless Internet. - Powerful and smart wireless proxy, supporting full standard HTML, graphics, voice and video, providing complete web browsing with full duplex graphics. The subscriber can surf faster than via a connected line through the cellular network, on his PDA's, smart phones, notebook, etc. without having to make any changes on the existing Internet site. The wireless handheld devices use a standard browser.
Wireless E-Mail - Two-way real time e-mail compatible with e-mail protocols including attachment support. The subscriber will receive any e-mail on his wireless handheld device.
Wireless Unified Dynamic Storage and Messaging - Private and public dynamic storage, fully encrypted with push technology. This server allows allocation of various sizes of storage per subscriber for personal use.
It can store and manage video, audio, graphics, music, etc. and only the specific subscriber can access his private dynamic storage.
Wireless Streaming Video/Audio - Full multimedia content, allowing the subscriber to watch in real time and offline, streaming video and audio, on the wireless handheld/mobile devices.
Wireless Instant Messaging - The Instant Messaging WAS can support message sending and multi-user chat for Wireless to Wireless, Wireless to Internet and Internet to Wireless. Instant Messaging WAS turns any handheld device into a wireless Instant Messaging Communicator with a buddy list.
Wireless Data Streaming - Wireless data streaming of sports, stock, news, weather, etc.
Wireless Entertainment - Uses push technology for offline music download from the Internet.
Wireless Corporate Solutions - The Wireless Corporate Solution extends the corporate intranet network to be a Virtual Private Network (VPN) for its mobile users.
-----------------================--------------------==========
Whoa, that sounds pretty spiffy alright. But it seems to be for a set of technologies TheTruthSeeker has heard of before, not in Beta Test form, but in “buy it, use it today, upgrade it if you like it” form. Hmmmmmmm.

But nevermind, this is a wonder stock, a stock of massive proportions.

It could even be a world-class globally diversified category killer, with out of the box paradigm shifting, enabiling technologies that have crossed the bridge to the 21rst century. It could be.

No, I am not be sarcastic. Really. I mean, I found 3 of these companies just last week, making a total of 42 paridigm-shifters within the last 60 days, these wonder companies are rare gems alright.

From the S4s:
THIS THING WILL COST A LOT
“The switch, or server, employed by Net2Wireless currently has limited capacity for subscribers or registered users. Therefore, significant investment in equipment and real estate is required in order to roll out a large scale system.- The large investment being made by various equipment vendors in WAP-based technology will make them reluctant to adopt this new standard.”

OOOPS NO CDMA (the Qualcomm Standard protocol)

“There are a number of wireless technologies currently in use. Currently, Net2Wireless' only product is in beta testing and is designed to work with global system for mobile communications, or GSM, a wireless protocol that is used in Israel and Europe. If the beta test is successful, Net2Wireless will need to complete the development of this platform, as well as develop products for other wireless protocols, including the dominant systems used for digital cellular mobile networks in North America, code division multiple access, or CDMA, and time division multiple access, or TDMA. In addition, there are many unique wireless protocols based on these general standards and many operating systems, which are unique to individual carriers. Integration with different systems can be a long and costly process. There can be no assurance that the combined company will be able to successfully complete the development of its GSM platform or develop additional products compatible with other platforms.
Even if it successfully completes these products, there can be no assurance that the combined company will be able to successfully recover its development costs for any particular system.”

NO PATENTS
While several press reporters and tons of message board posters proclaim the virtues of the patented wonder-technology of Net2Wireless/SCII it simply is not true according to the company through its SEC docs.

Net2Wireless has filed two patent applications and
anticipates seeking patent protection for other aspects of its technology that may be patentable. Until patents are actually issued, of which there can be no assurance, Net2Wireless will not be able to determine the full extent of the protection they may afford. The effectiveness of all of the above protections varies from country to country and may not adequately protect Net2Wireless' rights. If Net2Wireless cannot adequately protect its technology, other competitors could potentially use the intellectual property developed by Net2Wireless to their own competitive advantage.

So this means that any company can backward build and use any technology of SCII, if they indeed have it. In the area of compression and storing data on servers, the amount of patent protection is not great. And in TheTruthSeeker opinion, data compression is very mature, what the next critical level is, is to enable compression and methodologies to send data down standard twisted pair telephone lines, and this is a completely different animal. The radio spectrum is not going to change, and if it does it’s a different frequency, and another billion-dollar license to the government.

From the S4/A second version: There is a nice simple table that explains the above.

************************************************************

Net2Wiress WAP
---------- ---
Supported Protocol HTML, the standard Internet WML, XML
protocol

Device Type Personal Digital Assistant or WAP compliant phone
Notebook, in conjunction with
a cellular phone

Access to Any standard HTML web site Only web pages specifically
Web pages adapted for WAP

Surfing behavior HTML standard -- no adaptation Adaptation to new way of
surfing, text only

Content used Graphic, Text, Multimedia, Text only
Music

Usable applications All fixed Internet applications Text applications only

Intranet Supported Not supported


************************************************************

WHOA WAIT A SEC… the bulb just went on…this looks like its comprises a simple cellular phone modem to access the internet. The kind I can go to Radio Shack and pick up today. The kind that SCKT makes for Microsofts Pocket PC line. Lets springboard over there.

Sure enough, here is what the Nation wide sprint offers, at a quite respectable 14.4K speed
s6.sprintpcs.com

Here is a FAQ for that Service s6.sprintpcs.com

So TODAY, in every major city in the United States, I have the same service as the wonder company SCII says I they, some day in the future can provide. Sure they tout this streaming data feeds.

Napster and MP3 are all the rage on the Internet today. Mobile users must want this too, imaging being able to walk around and listen to music that you want to. DUHHHH.

ITS CALLED RADIO, and its already quite popular. Or MP3 players. For normal web page viewing with inline images turned off, you would be surprised just how very very usable 14.4K. Certainly any stocks or chat, or emailing will be handled easily.

Remember, this is AV AILABLE TODAY. I could go on to other cellular carriers by why, they do the same or better.

A company call Socket Communications (SCKT) out of Silicon Valley also has a solution that seems to conform to all of what Net2wireless aspires to be. Here are some real world current reviews for their products, which are shipping today, and are not Vaporware.

pcworld.com
tech-preview.com

Generically Here is a list of Wireless Modem providers which will give you full internet access….wirelessly

But the TheTruthSeeker is also aware of another company, which seems to be the exact dreams of SCII but is light-years ahead of them.

OMNISKY: The Leader and Market Integrator
omnisky.com
omnisky.com

Omnisky is a service which employs PDAs to view any world wide web page. (true Java is not yet enabled) It has 90 Million already in seed money and is set to go IPO shortly.

Some reviews of the service which is Nation wide and available today.
businessweek.com
hardwarecentral.com
computers.cnet.com

What is even more impressive with OMNISKY is the huge collation they have built.

Palm™ licenses the Palm Computing platform to OmniSky and provides Web clipping technology that optimizes content for handhelds.

· Aether Systems supports content access and transactions with AIM™ technology that provides uniform transport, compression, and encryption across wireless networks. It also licenses ScoutIT mobile device management software, which enables OmniSky to create expanded services with centralized support across wireless networks.

· AvantGo provides more than 300 optimized channels of content and interactive services, as well as client software for quickly and easily accessing personal and corporate information.

· TRG simple, speedy installation software gets you up and running in no time.

· JP Systems OmniSky Mail is based on JP System's award-winning One-Touch Mail.

· Synergy Solutions licenses Launch 'Em™ software, which uses a familiar "drag-and-drop" interface to give you easy access to your OmniSky service.

Other Wireless Carriers

In addition to AT&T, our seamless nationwide service incorporates Ameritech, Bell Atlantic, and GTE, who provide fast wireless access across their CDPD networks.

Hardware Partners

Novatel Wireless has created a custom wireless IP modem for OmniSky which sets a new standard for portability, convenience, and ease of use.

The Content Partners read like a WHO's WHO in the Internet.
OmniSky Web Content

Content optimized for the OmniSky service includes ABC News, American Airlines, Ameritrade, Barnes & Noble.com, BarPoint, BigCharts, Biztravel, Bloomberg, Britannica.com, BusinessThinkers, Buy.com, Camdens, CNBC, CNET, Deja.com, DLJdirect, DrinkBoy, eBay, Economist.com, eFax, ESPN, Etak, E*TRADE, Excite@Home, Fidelity Investments, Fodors, Forbes.com, FOXNews.com, FOXSports.com, Frommers, GetFit, GO.com, Google, Homes.com, Launch.com, MapBlast!, MapQuest, Marketwatch.com, Mercata, Merriam-Webster, Moviefone, MSNBC.com, MyDocs Online, MySimon, New York Times, ontheroad.com, RestaurantRow.com, Salon, Shadowpack, AltaVista Shopping.com, Smaller.com, SNAZ.com, StockSmart, The Industry Standard, The Motley Fool, The Sporting News, Theatre.com, TheStreet.com, Ticketmaster Online-CitySearch, TrailWorks, Travelocity.com, TV Guide, ucook.com, United Airlines, USA Today, Variety.com, Vicinity BrandFinder, Vvault, Weather.com, Women.com, Wall Street Journal, Yahoo!, Yodlee, and ZDNET.

Among the web sites initially delivered to OmniSky by iSyndicate and ScreamingMedia are Associated Press Online, BPI, Business Wire, CMP Media Inc, Court TV, Edgar Online, Global Information Network, Interactive Sports Wire, Internet Wire, New York Times, PC World, Phillips Business Information, PR Newswire, Rollingstone.com, TechWeb, United Press International, UpsideToday, USA Today and The Wall Street Journal Transcript

Other headlines

OmniSky Completes $90 Million Series C Round With Investments from Akamai, AT&T Wireless and InfoSpace
PALO ALTO, Calif., June 12, 2000 - OmniSky Corporation, a provider of branded wireless services for handheld mobile devices, today announced it has closed its most recent fund raising round at $90 million, with financing from Akamai (NASDAQ: AKAM), AT&T Wireless (NYSE: AWE) and InfoSpace (NASDAQ: INSP) being added to the previously announced investments from News Corporation (NYSE:NWS) and PSINet (NASDAQ: PSIX).
"We are very pleased to have closed such a strong round, both in dollars raised and quality of investments. Adding Akamai, AT&T Wireless and InfoSpace to News Corp. and PSINet creates an extraordinary group of investors. We look forward to the support we expect to receive from them as we establish the OmniSky brand and service," said Patrick McVeigh, OmniSky's chairman and chief executive officer. "Akamai, AT&T Wireless and InfoSpace, as well as News Corp. and PSINet, are all forging new paths in the delivery of wireless data, and OmniSky is proud to be associated with them."

******************************************
Okay the Big Summary:

What we have here is a failure to communicate! SCII portrays itself as the next hot item. Many message board posters believe all sorts of things are going to happen. Miracles and amazingly large Market capitalization, and rejected offers of buyouts. For the most part the bogus information by Message Board posters is sheer hype. (Note:

TheTruthSeeker is even in awe of some of the serious sounding posts proclaiming 400 Billion Market cap within 12 months.

To understand what the technology is we look at the S-4 filing. We see that SCII has no patents, it will be a costly implementation, and that the service itself is not for cell phone, but for cell phone carriers. Now looking at cell phone carriers we see that they already provide modem access for devices such as PDAs and laptops. These will provide the services that SCII says they will offer. We also see that SCII has no products for the predominant CDMA standard, and test are still very much in Beta.

We go to their web site and see a picture of a Palm with the Internet, but as we have shown a new Goliath is in the making with OmniSky. (A Palo Alto Silicon Valley firm) They have the partnership and the technology to provide today full access to the web through a PDA. omnisky.com

With all of this its really hard to see the excitement around SCII. Its hard to see what market the really have. It hard to see the SCII technology, which remains largely under wraps. There is not even and screen shorts of projected data look and feel. How far along can they be in this Beta program? At the current price of SCON this sub one year company will have a market cap of 900 million right out of the shoot. Many of the options fully vested and are usable right away.

For SCII the TheTruthSeeker must appraise it a
Would not recommend to my Mother (stable investor)
Would not recommend to my Brother (young risk taking day trading)

SCII remain a dangerous play, and if this merger, which is approaching one full year since first announced, falls through for any reason, holders of SCII will have a stock worth about 1 dollar.

As always keep seeking the truth...its out there...hidden sometimes...but its out there

The TruthSeeker



To: Sir Auric Goldfinger who wrote (376)9/20/2000 9:56:31 AM
From: StockDung  Read Replies (2) | Respond to of 447
 
SCII: “You’ll Have to Talk to my Wife about that”

Other working titles:
“What does SCII, WPEC, WKID, USCM, RRRR, FUSN, all have in common.” or
“All they care about is if we filed it, so put it down, remember nobody reads the filings anyways”

As many of you may know, TheTruthseeker has been profiling a new wave of stocks that build their valuation on the pillars of the Internet Bubble without regards to traditional valuations. It’s the “premise of the potential”, and not the “prospects of profits” that is spun to investors, and commentators. To this regard TheTruthseeker has been profiling SCII, and stated that it was a good example of this new class of stocks. But today SCII breaks out of that model and shines all by itself. (You can locate the 3 prior reports on the Silicon Investor SCII thread)

I would like to organize this in the easiest way to read, the issues and connections are complex. I will attempt to lay it out as best I can, however this may in fact be a working document. There is no easy way to explain this nuts and bolts stuff.

1. SCII is a NASDAQ Shell with only cash assets. Through a complex set of negotiations with ITES/Net2Wireless, the two companies are attempting to Merger with N2W becoming the controlling company.

2. Net2Wireless was created in December of 1999, with technology it purchased from ITES. ITES had a deal already with SCII, for some reason that deal was displaced.

3. Currently at around 20 dollars, SCII/N2W have no sales, or contracts involving Sales, with the 6.5 Million shares the market Cap is around 130 Million dollars. After the Merger there will be some 40 Million shares the majority freely tradable, and a Market Cap of 800 Million. Again NO SALES.

4. N2W has been selling shares to Insider investors for as little an effective 16 cents per share.

5. N2W burn rate is increasing dramatically, with uncontrolled hiring, and paying contractors 700,000 per year.

6. The Merger has been on the books since October of last year, the terms have changed many times and the SEC is requiring Amended S-4 to be filed. The latest version came out 9/14.

7. Also on 9/14 SCII files a S-3/A a prospectus for the sale of some 10+ Million shares. At current levels they will be extracting about 200 million worth of equity in the Shell Merger into a NASDAQ company affair.

a. The founder is selling 3.2 Million Shares
b. A current insider who ML Partners is selling all 5 Million of its recently acquired warrants to N2W.
c. The current management of SCII which hold only 1.4 percent of the current SCII shares is granted huge chunks of shares with the completion of the Merger. They will be sell as a group about 2 Million of these newly minted shares. So the current holders of SCII are retail it would seem.

8. Over 800K of institutional ownership was reduced, with FMR selling all 500K shares out, etc etc.

9. Naomi Bodner is a holder of 16 % of N2W

10. Laura Huberfield is a holder of 16% of N2W

11. ML Partners sold (or transferred) warrants to both Huberfield and Bodner.

12. Nechemia Davidson owns 44 % of Net2Wireless

13. Partner Communications was given 14% of the N2W when they agreed to test and support N2W’s products.

14. For the six months ended June 30, 2000, and the period from commencement of operations (April 1, 1999) through December 31, 1999, Net2Wireless had net losses of approximately $129,006,000 and $493,000, respectively. The net loss at June 30,2000, includes approximately $124,664,000 of non-cash expenses relating to stock based compensation.

15. Davidson is also the founder of ECI Commutations, which is attempting another Merger with WPEC. Currently NASDAQ is investigating in regards to listing the stock. In that regard NASDAQ is asking about some of the insiders and major holders of ECI. Here is the list that the NASDAQ officials need info on
a. David Rubner;
b. Zahava Rubner;
c. Murray Huberfeld;
d. Laura Huberfeld;
e. Alexander/Rachel LLC;
f. David Bodner;
g. Naomi Bodner;
h. NBDB, LLC;
i. Broad Capital;
j. Necbemia Davidson;
k. Cedar Investments Services. Ltd.

16. In December, Jenkon completed its reverse acquisition with Multimedia KID, which develops interactive learning software for children and adults, and its shares rose to 4 9/16. They continued to climb to a high of 7 7/8 in February, for a $269 million market cap. The CEO of MKID is David Rubner.

17. On June 19, 2000 insiders register to sell 13,283,239 SHARES of MKID the stock proceeds to tank, and today is sub 1 dollar and in jeopardy of being delisted from NASDAQ

18. The Wives Club are the majority of sellers in MKID’s S3
a. Zehava Rubner to sell 2,650,000 shares (David Rubner is Chairman of the Board)
b. Naomi Bodner to sell 1,325,000 shares
c. Laura Huberfeld to sell 1,325,000 shares

19. Bodner and Huberfeld filed to sell 2.2 Million shares of USCM at 5 dollars on 5/8/1998; by the end of that year the stock was selling for 6 cents. Its now a OTC:BB

20. FUSN Fusion Networks was created out of a similar merger to that proposed by SCII. Much like the jump in SCII, the stock went form 5 dollars to 15-20 dollars after the merger was announced.
a. Bodner, Huberfeld and ML Partner are all listed on the S-4 as holders of approximately 4 million shares each of FUSN.

21. ML Partners list to sell all of its 5 Million Warrants. The owner listed is Susan Meyers, with an address in Greenwich, Connecticut. The only listing for a Susan Meyers in Connecticut comes up with a “Glenn and Susan Meyers listing. The address given is 1 mile away from the address of given for ML Partners? A search for Glenn Meyers shows the CEO of Rare Media (RRRR) as also living in Greenwich Connecticut. So it would appear that the wife of the CEO of RRRR is the entity behind ML Partners which recently came into 5 Million warrants of SCII and is now filed to sell them to the public via a SCII S-3/A. Its amazing!

22. A search of RRRR does not show any ownership by ML Partners, however it does show HUBERFELD LAURA & BODNER NAOMI PARTNERSHIP as an insider with the following sales. The last one if from the HUBERFELD BODNER FAMILY FOUNDATION
a. 21-Dec-99 370,000 RRRR Proposed Sale (Form 144) of Restricted Shares. Estimated proceeds of $12,580,000.
b. 3-Dec-99 100,000 RRRR Proposed Sale (Form 144) of Restricted Shares.Estimated proceeds of $310,000.
c. 3-Dec-99 100,000 RRRR Proposed Sale (Form 144) of Restricted Shares.Estimated proceeds of $320,000.
d. 28-Oct-99 349,500 RRRR Proposed Sale (Form 144) of Restricted Shares.Estimated proceeds of $4,849,313.
e. 4-Oct-99 75,000 RRRR Proposed Sale (Form 144) of Restricted Shares.Estimated proceeds of $825,000.
f. 23-Nov-99 200,000 RRRR Proposed Sale (Form 144) of Restricted Shares. Estimated proceeds of $6,075,000.

Now some comments on the technology
23. Davidson created both N2W and ECI companies, however in his remarks submitted to the SEC he claims that the two companies have technologies that will help each other work. Thus leaving investors without the knowledge of what N2W owns and what ECI owns. Since there are no actual specifications, N2W could in theory pay ECI money to acquire technology.

24. N2W claims to have a revolutionary means of compressing data to make video stream available over narrowband cellular networks. In the Media interviews this has been claimed as patented technology, however in the SEC filings they say they have two patent applications in. It would be remarkable for such a small company to claim such a huge enhancement without the major players having noticed it. Upon an Internet search TheTruthseeker found a report IBM. This sound remarkably similar to the claims by N2W, and the simplicity of 100 lines of code seems like a textbook application of known optimizations. IBM is not claiming patents but will profit from the inclusion of it with the chips and hardware products.
---------
IBM chip to move Internet data more quickly By News September 11, 2000, 12:20 p.m. PT
IBM said today it has developed programming built into a chip to prioritize Internet data so that more important information can move faster.
The enhancement involves a relatively few 100 lines of code, though IBM said it will make video free of jitters and Web transactions uninterrupted by synchronizing pieces of data that fit together. Internet traffic typically moves in separated bits that are reassembled at their destination.
The PowerNP network-processor chip containing the ''bandwidth allocation technology'' software is expected to be available later this year, for switches and routers used in computer networks that form the Internet, IBM said. Networking hardware makers such as Cisco Systems and Alcatel are potential customers.
Companies using the technology to help run their Web sites can assign priorities to different types of data passing through these switches to and from customers. Digital video, which can be choppy on Web sites, would be one area that would be smoother, IBM said.
news.cnet.com

The N2W partnerships:

25. SCII first signed a deal to Merger with ITES within Israel back in October of 1999. Later N2W acquired ITES on top of that deal, without the approval of the SCII stockholders (though this was not a requirement, it does seem their interests were not represented here). The new deal with N2W cost significantly more and also establishes about double the ultimate shares of the combined companies.

26. On March 16th N2W announced the agreement for testing with Partner Communications PNTR. Partner was given 10% of N2W along with this. Its now half a year since then, and to date nothing has been signed for purchase or commercial use by Partner from N2W. The S4 says they continue to talk.

27. On March 30,2000 N2W announced an agreement for Testing with Pelephone the other large Israeli Cell phone provider. Its now half a year since then, and to date nothing has been signed for purchase or commercial use by Pelephone from N2W.

28. On July 27th a memorandum of understanding was put established for testing between Nextel and N2W. There have been no updates since. An Israeli based Internet site foreshadowed this event, with remarkable insight on June 26th. In loud opposition to the Barron’s article a reporter (who may or may not own these securities, as disclaimered by the site) reported the following

“. The major development is probably a very large contract (Maariv claims up to $100m - that is going to be signed upon completion of the merger) with Nextel Communications Inc. (NXTL), which provides digital and analog wireless communications services throughout the United States.

As far as I know, one of the top NXTL directors attended the large party that ECIL held a few weeks ago for Mr. Rubner on his departure after 30 years.

29. The simple explanation of N2W technology methods is that it adds servers into the cell phone providers’ location, when Internet addresses are requested these servers compact the data and send the compacted data across the cell line, and it is un-compacted on the other side. While it is true this does not require new cellular equipment, the server farms required (and there maintenance) are cost prohibitive, as mentioned in the SCII filings. So the short cut to 3G is possible, but it could become costly.

30. N2W says this in the SEC filings
“Wireless communication devices are mass-market consumer items with imbedded software that is difficult to modify in the field. To address this issue, the Net2Wireless' translation programs are designed to translate content in real-time. Net2Wireless intends to distribute its software to cellular carriers who can make it available to their customers either for a fee or free of charge. Software translators that transparently translate content to make it compatible with older versions of digital wireless devices may be developed by Net2Wireless in the future, depending on the demand for such software.”

This is addressing that Cellphones are not programmable and have their software hard coded onto ROMs or ASICs. It almost seems by the language that the code will self-extract itself will it is in air and be ready for the users “real-time”, it makes no sense to me.

Bottomline is that from all the information TheTruthseeker can see, any N2W solution will require new cellular handsets to work, or programmable solutions with CPU power, such as a laptop or certain PDAs.

So there you have it, I find this a strange set of circumstances and stocks. Look at the results of these stocks after the insiders file to sell, they just tank into oblivion. USCM, RRRR, MKID. Looking at FUSN it tanked as well but it seems not related to the Insider selling. Many of the folks involved in the stocks are also in SCII. Right now NASDAQ is appraising the Merger, they are on the 4th update of the S-4 now.

You also have a series of aggressive Press Releases, which moved the stock, but so far have not had the necessary bottomline follow-through. Said another way, its been 1 year since the Merger has been announced, after that year, there are no commercial users, and there are no Sales, and there are no design wins into industry standards.

I could talk more about the unregulated press recommendations and rumors, much of which is not US based, or the “Members only Message boards” which often ban posters with critical views, but these are not unique only to SCII and will have to wait for another day.

TheTruthseeker is of the belief that stocks mergers and insiders’ sales--- such as these ---are of serious concerns to the integrity of the NASDAQ Market. These are the type of stocks when they fall; destroy the faith in investors who may not understand the dynamics and risks.

TheTruthseeker has no regulatory powers.

So TheTruthseeker can only hope that those agencies and organizations that hold the check and balances to Publicly traded securities will take a hard look.

These issues are complex and it takes a real wolff to see through the maze of press releases and SEC filings.

In an Internet where TheTruthSeeker’s individual rights of freedom of speech are limited by our court system, I can only hope that the obligations and requirements of Public companies are held to the rules.

After all it’s these rules that give consumers the trust and faith that our Securities within the NASDAQ and other markets are in fact SECURE.

Its not always easy to find, its not always fun, but when you see it, you know it.
The Truth.

The TruthSeeker.......................