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


To: Paul Welch who wrote (15025)9/21/2000 6:26:58 AM
From: cAPSLOCK  Read Replies (2) | Respond to of 18366
 
Well... my post was too short to deliver an accurate impression of my opinion. But it's difficult to form an opinion of nothing. Which is what the information in the original post amounted to.

I am honestly NOT trying to be a butthead either. ;)

I am simply annoyed by posts like:

I talked to Joe today... Can't really tell you anything but things are gonna be BIG I mean BIIIG I mean REALLY BIGGG!

There is no actual information in that statement, but it offers a kind of hope or excitement to someone that wants to believe something. That is very dangerous.

Mark reported 3 main points:

1. "By the shareholders meeting e.Digital will look like a completely different company"
2. "...the true breadth of what e.Digital is doing will soon be known..."
3. and "THINK GLOBAL"

As far as I am concerned, and I mean no offence to Mark, these statements are useless and constitute pure hype.

And hype, just like bashing, can help to befuddle a persons better judgement.

Before someone jumps up to say: "What business is it of yours to tell me what to do with my money ... blah blah." I offer that I am not doing that in the slightest. I am simply saying "Looks like hype to me". What you do with your dough is your deal. ;)

regards,
cAPLSOCK



To: Paul Welch who wrote (15025)9/21/2000 7:53:28 AM
From: JimC1997  Read Replies (1) | Respond to of 18366
 
I would take Wayne's comments seriously for a couple of reasons - his character and his position as an insider.

Wayne was a long-time poster (as wayne777) on Raging Bull who always produced serious content for the benefit of the participants in that message board. He always seemed to be a very straight-forward guy, not given to hype. Many of the West Coast members of that board have met him and could confirm those impressions. Prior to accepting a position with e.Digital he was a U.S. Army officer and a West Point graduate.

Second, he is an insider at e.Digital and understands fully his responsibilities in dealing with shareholders. There would be very serious repercussions to any employee who intentionally misled an investor in a public company. There are also strict limits on the amount and kind of information that can be released under the new public disclosure rules of the SEC (which go into effect in October). I suspect that Wayne is well aware of these rules and provided the kind of guidance that is permissible under them.

Putting the message from CRQ in that context, I would say that Wayne was confirming that events would unfold rapidly over the next two months and that the changes will create a dramatic change in the current perception of the company. In my opinion, he was also reiterating that the recent shareholder letter was not "hype" or even referring to far-off developments, but rather contained specific project descriptions that would be realized and announced in the near future.

JimC