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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: mike.com who wrote (13047)	4/3/2002 8:26:14 PM
From: Skywatcher	Respond to of 13157

yes.... CC

To: mike.com who wrote (13047)	4/4/2002 12:22:15 PM
From: richard badauskas	Read Replies (2) \| Respond to of 13157

They still have a substantial amount of cash which is probably one of the few positive points here. The stock price action is indicating that there is no positive news on the horizon. I suspect that the negative comments made in the recent conference call about the soft advertising market may partly flow from discussions about the SpotOn trials with AT&T. These trials are now approaching their sixth month and the stock is collapsing. My sense is that in the longer term there may be some value in the patent portfolio. IMHO in the near term the business model cannot support the current quarterly losses.They still have 140 people on the payroll creating a quarterly revenue flow of $2.9M !!! You must wonder what they are doing all day??? as they do not even create enough cash flow to pay wages. I suspect that there may be pressure from the largest shareholders to "restructure the business" around the few core revenue generators, assuming SpotOn is delayed and no one wants to deploy it. Carrying these very heavy expenses in such an environment has destroyed the business valuation ($1.31 as I write, with very few small buyers around and plenty of sellers). They do have Intellocity and a few other assets that could conceivably form the basis of a once again slimmed down company operating in the supply and maintenance of various interactive services and running at a small profit. I guess this would mean cutting the current staffing levels and expenses quite sharply. And then building the business as interactive television and services grow. I have absolutely no faith in the current money loosing business model nor would I pin my hopes on a big win in the Disney litigation (if it does happen then I would treat it as a well earned windfall). My guess is that a slimmed down profitable business model would be viewed more favorably and supported by the market. The current business model has no support in the market place as indicated by the lack of buyers and constant selling pressure. As an aside can someone tell me who owns the largest blocks of shares and controls the company?