AOL 9,10 NOV 97
Subject: Re: Is that the best you can do?
Date: Sun, Nov 9, 1997 09:57 EST
From: NdTOTO2
Message-id: <19971109145701.JAA10210@ladder01.news.aol.com>
idx4ever,
My question is - what would happen to IDX financially if they were to loose either of these lawsuits? Will they still make livescan? How much are they protected by their insurance company?
I agree that the poster was a NEC person, given his choice of words. That's why I believed him. And doesn't the recent contract with DBI, indeed, show that IDX has NO EXCLUSIVE CONTRACT with NEC?
Subject: no fighting if stock was $20
Date: Sun, Nov 9, 1997 11:22 EST
From: SSpenard
Message-id: <19971109162200.LAA16380@ladder02.news.aol.com>
CHILL OUT EVERYBODY......an go kick your dog...better yet...the cat
S
Subject: Re: Is that the best you can do?
Date: Sun, Nov 9, 1997 12:14 EST
From: Mbenz59869
Message-id: <19971109171401.MAA21566@ladder01.news.aol.com>
IDX Forever
I wrote:
>>Sure, I have a problem with the way these boards are hyping IDX and I am a short slug.<< (?)
After reading your reply, I can understand why you thought this statement was declaring myself a short. I left out the question mark. I am not short and have never written calls or puts. I am long IDX and have owned the stock for a long time. I want IDX to be successful as it would be in my best interest.
As far as going into the issues of the SI board post by post, it would not be the thing to do here on the MF board. Tit for tat will not get us the information that we need. Anyone that wants to see the situation over there can go to the site and read the posts themselves. If I wanted to go over the posts with you, post for post, I would pay the $75 and do so. It is not what I am looking for in the way of information.
SSPENARD: You are correct, a $20 stock would help a lot. Do you know anyone we could talk to about getting this accomplished : > ?
MARGOT: THANK YOU so much for making the trip and the great report!. It was very encouraging!
Subject: NdTOTO2 Questions
Date: Sun, Nov 9, 1997 15:13 EST
From: IDX4EVER
Message-id: <19971109201300.PAA08203@ladder01.news.aol.com>
Lawsuit #1 - DBII vs. IDX. I believe that this case was all but dismissed by the last judge that heard it I believe that their is little probability of IDX losing the case. DBII file for an appeal an paid the $10 filing fee to keep a glimmer of hope for their shareholders. The only problem is that DBII's suit pertains to the TP900 which was replaced by the TP600 many years ago. Not many TP900s were sold compared to the TP600s. I can
not comment about the size of the possible damages because I am not a lawyer. Procedings on this suit have been nonexistent for the past 2 years.
Yes IDX will still make livescanners. I don't know about insurance coverage for this one. The company would be stupid to tell anyone what the limits were if they were covered because they would encourage the plaintiff.
Lawsuit #2 - Proposed class action of all common shareholders owning the stock over a several motnh period during the summer of 1996 (during the Comparator Systems debacle.) The lead attorney, Bill Lerach, appears to be good at what he does - extort money out of high tech companies with large price swings in their stocks. Randy has stated that he will not settle. It is hard to guess the outcome of this case. I have read the complaint. To a
knowledgeable person it reads like a soap opera of coincidences weakly woven together. We can't get the other side of the story from IDX until the trial if there is one. Lerach recently had a similar case against Silicon Graphics thrown out by a California judge. I believe that Lerach was also severely derided by the judge. If Identix ultimately loses this case, the probability of which I place at 5% or less, I guess the damages would be the
shareholders actual losses during the several month holding period.
I believe that IDX's liability insurance carrier sued IDX to exclude coverage of damages arises from the class action lawsuit and lost. Therefore it appears that a portion of any possible future damages from the class action suit would be partially covered, but as we have seen the attorney's fees apparently are not covered.
NEC - Once again, use your brain on this one. If NEC stands to collect margins by selling its NEC21 livescanner (TP600 chasis) and the NEC21 is supposedly the most advanced livescanner available, according to the NEC press release, why would NEC sell anything else? The existence of the NEC21 all but guarantees IDX a large portiong of NEC's future livescan sales. Some customers may continue to demand inferior livescanners and NEC will have to
comply to win the AFIS contract. Can I possibly make this point any clearer? In a sense both Randy and the NEC employee were correct, but Randy more so.
Subject: Re: NdTOTO2 Questions
Date: Sun, Nov 9, 1997 16:22 EST
From: TatumQT
Message-id: <19971109212200.QAA14482@ladder01.news.aol.com>
Thank You IDX4EVER---I do apprciate it!
Subject: Re: NdTOTO2 Questions
Date: Sun, Nov 9, 1997 16:27 EST
From: Morsk
Message-id: <19971109212801.QAA15114@ladder01.news.aol.com>
Benz - I believe you hit the nail on the head here << IF IDX has communication problems with the investor, do they also have communication problems with their clients? >> I wouldn't be at all surprised if this is where the Oracle deal went cold.
They were shined on in some manner by the bozos running the project and never pushed for sales. When the product came out of beta it should have been ready to go. Oracle customers have had this for a long time. I have a friend who's a network guru for Pacific Telesis. They give him a smart card for network access. He says the card has so many encription features that there's no reason for it to contain biometrics. It self destructs when used by
someone other than him! At least Randy got rid of the people handling Oracle and maybe we'll see some profits from this project down the road. As for the $200.00 stock price hyped by Brad Greene on SI -
this kind of talk doesn't help investors make money and my fear is that it sucks people into an investment situation where they're going to get hurt because they want to believe and he sounds knowledgeable. One problem we have is that if the biometrics industry is so huge why is it populated essentially with penny stocks?
Hard to attract investor confidence, IMO.
Subject: Re: NdTOTO2 Questions
Date: Sun, Nov 9, 1997 19:21 EST
From: NdTOTO2
Message-id: <19971110002101.TAA01775@ladder02.news.aol.com>
IDX4ever,
Thank you for your very detailed response. But as for the NEC livescan, wouldn't it be in NEC's best interest to also offer a DBI solution inside their LS21? Couldn't this be what the Indiana deal is really about?
Subject: Re: NdTOTO2 Questions
Date: Mon, Nov 10, 1997 04:37 EST
From: JBaker1636
Message-id: <19971110093700.EAA15899@ladder01.news.aol.com>
Morsk <<< have a friend who's a network guru for Pacific Telesis. They give him a smart card for network access. He says the card has so many encription features that there's no reason for it to contain biometrics. It self destructs when used by
someone other than him! >>>
Morsk - do you know how the smart card knows that someone other than the rightful user is using this card? It may self destruct if the user is having a bad day and enters a wrong pin or something. oops - "boss ....I need a new card....." ONLY with biometrics will smart cards really know who is using it.
Jim
Subject: Re: NdTOTO2 Questions
Date: Mon, Nov 10, 1997 04:42 EST
From: JBaker1636
Message-id: <19971110094201.EAA15471@ladder02.news.aol.com>
<<<wouldn't it be in NEC's best interest to also offer a DBI solution inside their LS21? Couldn't this be what the Indiana deal is really about?
>>>
Does anyone know: Is there a demonstrable difference in the quality of dbii and idx equipment when use in the nec afis?
Being a long term IDX share holder I sure hope the answer is thay the quality is all IDX and only cheap price but inferior quality drives a state to go the dbii way. If so they will learn the error of their cheap ways.
Jim
Subject: Re: NdTOTO2 Questions
Date: Mon, Nov 10, 1997 07:08 EST
From: IDX4EVER
Message-id: <19971110120801.HAA18434@ladder02.news.aol.com>
It is my impression that the only advantage DBII has over IDX tenprinters is that their outer cases are more sturdy. This is why DBII hass more success with prison applications where the users are rougher on the equipment. DBII is also slightly cheaper. This said, IDX has been winning the majority of new contracts, even though DBII was the original livescan player. I assume this is because IDX has better machines either by ease of use,
quality or integration software.
I believe a press release early this year by IDX stated that they had modified the TP600 to exploit the capabilities of NEC's presorting algorithm. I don't believe that DBII has that capability. Also, IMO you can't have "the most advanced tenprint livescanner in the world" and use two completely different chasis. You have to pick one to maintain consistency of the product identity.
Network cards - Morsk alluded to the advantage of biometrically protected smartcards/network cards - you don't have to remember multiple security codes to use it, just your finger. It also provides irrefutable proof that the authorized user was the one accessing the system, not somebody who found his wallet.
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