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Strategies & Market Trends : ZixIt Corporation (ZIXI) -- Ignore unavailable to you. Want to Upgrade?

To: DaveMG who wrote (3922)	9/26/2002 5:47:41 PM
From: Dale Baker	Read Replies (1) \| Respond to of 4120

This is the same argument we have heard for three years (see below). If ZIXI wants to prove its critics wrong, they should actually go out and generate millions of dollars of sales instead of just promising and promising and promising and promising. Real users and revenues - it's that simple. current post started by Kevin Podsiadlik Date: Oct 2, 1999 5:08 PM ZixIt Corporation, formerly CustomTracks, formerly Amtech, is expected to soon introduce two products: an Internet-based transaction payment system called ZixCharge, and a secure mail system called ZixMail. ZixCharge appears to be largely based upon WebCharge by Anacom Communications. Zixit has recently purchased Anacom. ZixMail is entering an already crowded field of secure e-mail providers, and is offered free, and as such is unlikely to be any source of revenue. ZixCharge, meanwhile, has been delayed several times and now has possibly been pre-empted by the opening of Amazon.com's zStores section. Sentiment on SI regarding ZIXI is currently very bearish. For Zixit's side of the story see: zixit.com zixmail.com zixcharge.com

To: DaveMG who wrote (3922)	9/26/2002 7:31:03 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 4120

The short case, put simply, is that "gathering some business momentum" isn't going to cut it anymore for ZIXI. They basically need to hit the jackpot with HIPAA. If they don't, the convertible will take them down, hard. And don't read too much into the vulnerability of the insiders. Besides the fact that they've only put in a fraction of what they've made for themselves over the past few years, the fact that they are participating means that if and when there is a feeding frenzy over the corpse of ZIXI, they get in on the action. If they only held common shares they'd get zippo. I could go on a LONG time about the problems ZIXI faces. No one even has numbers to show how much of the nationwide HIPAA email market ZIXI needs to capture to become profitable, but based on the contract sizes ZIXI has divulged, they need a pretty big chunk. No more of this "we only need 1% of the market". If the largest provider in New Jersey only nets them 1000 seats, one wonders if the entire nationwide market would even be enough. Bottom line, ZIXI needs a miracle. And even if it gets one, then it gets to have the fun of finding a valuation in this market. Shorts are not worried.