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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Hoatzin who wrote (9316)	3/10/2003 2:30:36 PM
From: N. Dixon	Read Replies (1) \| Respond to of 10293

the highly-disreputable investment bank of Ailouros, Ltd. Now you're talking like Asensio when he made false accusations that he later had to remove from his web site. Do you work for him? Is Hewlett Packard getting a new patent to replace LCD with SPD not significant enough verification for you that this technology has far-reaching applications? ND

To: Hoatzin who wrote (9316)	3/10/2003 2:40:50 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 10293

KW, I think I mentioned Copytele on another place, here is an interesting story. Its from 1996 buts nothing has changed: fool.com ... Copytele was incorporated in 1982 and went public a year later as a "development stage enterprise." To date, the company has burned nearly $30 million in a 14-year (and counting) quest to design and market a "multi-functional telecommunications product" called Magicom. According to the company, Magicom "would enable users to have a personal information center in a single, compact unit which integrates voice communication, digital messaging, fax (transmission and paperless reception), copier, electronic handwriting, touch sensitive keyboard screen, data storage and transmission, and computer interfacing." Which is to say, a Newton. Or perhaps one of those Simons that IBM and Bell South offered a few years back -- and which you can still find at close-out sales for around 80% off their original $2000 price tag. The young lions heading up Copytele are Chairman and CEO Denis Krusos, age 69, and President Frank DiSanto, 72. Two of the other three members of the board are aged 70 and 81. Better hurry up with that Magicom. You might wonder how a company manages to stay in business for 14 years without, to the best of my knowledge, ever attracting a single institutional sponsor or producing a single product for sale. Well, it helps that neither of the company's principal officers has accepted a penny in salary for over a decade. It helps, all right -- but not how you might think. Instead of drawing salaries, Copytele's execs are awarded lavish stock options that they turn around and exercise on the open market, regular as clockwork and often on the heels of a press release touting some major new company "development." It's magic, all right: the execs make millions and the company's gets a fresh infusion of cash, all without the fuss and bother of a secondary offering. In another quarter or so, the algorithm is repeated. ...