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Technology Stocks : CLYW - Calypso Wireless, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: del24 who wrote (1432)	9/1/2006 10:07:35 AM
From: lg1813	Read Replies (1) \| Respond to of 1595

I spoke with Akshay twice this week. For the most part LG's summary was accurate, BUT I think he did misstate some things and were used to advocate the negative spin he has had about the company for some time now. There is no doubt that there are some issues with the ASNAP technology, but certainly not something that I would catagorize as "significant". The fact of the matter is this. Lucent spent thousands of man hours trying to develop SFMC but failed. CLYW has demonstrated to prominent people in very large high profile companies that CLYW was able to do what Lucent could not. And CLYW was able to do it with significantly less resources. Admittedly, the technology needs additional refinement, but again, IT DOES WORK. The one thing that is inhibiting CLYW from taking the technology to the next level, which will resolve the technical issues, is funding. This is not news. We all know that being undercapitalized has been a major problem for CLYW. I'm hoping, as we all are, that will be resolved soon. Don't get me wrong. Because of incredibly bad past mismanagement, which is a huge credibility factor, and weak financials, which understandably, raises a caution flag to potential investors There is still significant risk here. But is not because of the technology, which, by the way, the marketplace wants (SFMC)and will eventually get. It's because of the lack of operational funding the company really needs. The best thing we can do is do our own DD and make your decisions accordingly. It's always darkest before the dawn.