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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (64293)12/8/2000 2:20:18 PM
From: who cares?  Read Replies (1) | Respond to of 122087
 
What do you want to bet you could call him at his office everyday for the past month and he'd have been there.
CMB



To: Anthony@Pacific who wrote (64293)12/8/2000 7:22:33 PM
From: BWAC  Respond to of 122087
 
This AMZN/Kiggen temporary worker stuff?

THERE has to be something seriously wrong or a violated rule? That was the most out of line event I have seen in a long time. Surely that violated some SEC rule?

And it was done so out in the open? Is anybody watching or regulating these analysts? Or are they still chasing 14 year olds?



To: Anthony@Pacific who wrote (64293)12/9/2000 4:28:48 AM
From: Jay Fisk  Read Replies (1) | Respond to of 122087
 
Amazon is truly clueless:

theregister.co.uk

""A group linked to the Real IRA, the organisation responsible for the Omagh bombing which killed 29 people in 1998, has been using Internet booksellers Amazon.com in a fundraising scam.

The 32 County Sovereignty Movement, regarded as the political wing of the Real IRA, had a link to Amazon.com at the bottom of its Web page.

Commissions generated by any purchases made after following the link, between three to five per cent of sales prices, were donated to the Irish Republican Prisoners' Welfare Association - until Amazon was alerted to the terrorist link. ""



To: Anthony@Pacific who wrote (64293)12/9/2000 12:09:16 PM
From: StockDung  Read Replies (1) | Respond to of 122087
 
TheTruthseeker working throughout the night on SEVU finds amazing discovery right before your eye. Charles Abrahms of VideoCom Inc filed a 144 for 100,000 shares of SEVU.
Well lookie here;

TheTruthseeker, "Your Leader in Forensic Internet Research"

IN THE UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF PENNSYLVANIA
J. PLATER-ZYBERK, JR. PH.D. : CIVIL ACTION

:v. :


CHARLES ABRAHAM, ROBERT VITO, :

ARTHUR WERNER, LEE SCHWARTZ, :

ELCOM TECHNOLOGIES CORP., and :

VIDEOCOM, INC. : NO. 97-3322

paed.uscourts.gov;



To: Anthony@Pacific who wrote (64293)12/9/2000 2:40:53 PM
From: StockDung  Read Replies (1) | Respond to of 122087
 
Anthony, please read my posts on the SEVU thread. Kinda reminds me of USAT's Portney.



To: Anthony@Pacific who wrote (64293)12/9/2000 2:54:41 PM
From: StockDung  Respond to of 122087
 
SEVU been shipping those thingiemagigs, I hope that this does not happen to them. Just a reminder that Charles Abrahms of Videocom Inc filed a 144 for 100,000 shares of SEVU stock and was a principal shareholder of Elcom Technologies.

Angel: Lennart Hagegard
Investment: Elcom Technologies
His loss: $135,000
For most of his career, Lennart Hagegard was a middle manager in large multinationals like engineering giant A sea Brown Boveri and furniture retailer Ikea. Four years ago the 56-year-old native of Sweden, who lives in a Philadelphia suburb, retired to dedicate himself full time to fund startups. "You can make more of an impact on small companies," he says. "You can really make a difference."

It hasn't been easy. When Hagegard invested in Malvern, Pa.-based Elcom Technologies Corp. in January 1996, the chief executive took the money and scrapped his advice. So much for making a mark.

Founded in 1993, Elcom sizzled. Its products—ezPhone, ezOnline, ezTV—supposedly received audio, video and data signals over electrical wires. No phone lines or TV cable needed. A home with just one phone jack could use ezPhone in any room: simply plug it into the wall outlet.
Hagegard heard about Elcom in an angel network and was wowed by a demo in December 1995. "We made calls over the electrical wires. I had never seen anything like it," he says. A month later he put up $100,000 for just over 1% of Elcom stock. He was betting on Elcom's silver-tongued boss, Robert Vito, then 33, a former Price Waterhouse consultant. Vito had raised $22 million from more than 300 individual investors between 1993 and 1996.

After handing over the money, Hagegard tested some products at home and found abundant glitches. He says he warned Vito to spend more time on product development, but Elcom pushed ahead, putting prototypes into production.

The gizmos, priced at $100 to $150, hit the market in April 1996 and had a promising start. Elcom projected $10 million in sales over the next year. Three months later a local investment bank raised $7 million in venture capital finance for a 30% stake and set plans to take Elcom public in the fall. Hagegard put in $35,000 more.

Weeks later retailers started returning 50% of their inventory. Yet Elcom kept cranking out product, hoping the gadgets would improve. They didn't. "Vito's aim wasn't to create a successful company, it was to do a fast IPO," says Myrddin Jones, former vice president of strategy.

The company never got that far. In 1996-97 it spent $6 million to make 100,000 units; only half of those sold. In March 1997 the investment bank ousted Vito. One year later, with scant cash and a warehouse of dead products, Elcom filed for Chapter 11. Now it's out of business; the intellectual property, such as it was, got sold for $187,000.




Asked to comment, Vito says high return rates are common for breakthrough products. Given more time and money, Elcom would have gotten it right. Cell phones had high glitch rates at first, he notes. They exist today "because investors stuck with it and got the financial backing to make it happen."
Hagegard? He now says he should have hired an expert to evaluate the goods.

Source: Silvia Sansoni, Forbes, April 19, 1999

google.com