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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing! -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (3849)	6/2/2001 10:20:29 AM
From: Hal Campbell	Read Replies (2) \| Respond to of 4169

My hurried fragmented personal take on Restorators report ( thanks Resto). The key element to me? Ed said he wouldn't let it go over the cliff --- that means he does he thinks he can tack on more debt, and probably restructure the senior notes when the time comes ( oh boy...more redeemables...lol). Not good at all,but sure better than bankruptcy.I assume that if ad revenues do not accelerate nicely and/or if the market does not respond more favorably to streaming efforts, they will trim net operations even more. Its not inconceivable that at some point AXC will be a storage company again for a time, with ITG royalties simply added to the royalty stream and the affiliates sold. That the highest ADS bid involved royalty bearing patents clears up its rejection. I was told it did not....must have been told wrong or simply misunderstood. Rejecting the second bid? Can only speculate. Fundamentals weak thus far in all arenas, and their patent infringement and ADS bargaining positions very weak, but ITG looks mighty real to me...and their syndication efforts promising. And the fallen yen perhaps a prelude to increased camcorder sales and higher royalties.Hope so. I do not expect a penny from UPGD myself. Ed said a joint venture partner would change things radically...it really would. He also said it was unlikely in this climate.It is. But it's possible. To sum up quickly....looks like no zero for quite awhile....though the balance sheet could get even messier. A JV would add nitro to the mix, and signal an eventual takeover.The price would make a serious sustained hop before falling off at a much higher levele than this.As unlikely as it is, that, or a sector surge, is our best short term hope. As long as they hold ADS I do not think they will be delisted. Holding here.I look forward to Nick's and Carol's takes on the meeting.