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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?

To: john harris who wrote (1406)	12/3/1997 7:27:00 PM
From: ed doell	Respond to of 3347

John, You're right. I do have a positive bias toward fonix. I am, in fact, warily optimistic concerning the success of their technology. That doesn't prevent me, and won't prevent me, from making what I hope to be constructive criticisms when I see the need to do so. I have sometimes faulted myself plenty for not being more outspoken about fonix matters which have bothered me in the past. No doubt! I have invested much time and effort in my fonix investment, and it's true, I've done well, but I have also kept my wits about me in the ups and downs of the stock. I've also had the fortunate privilege of making some wonderful friends and acquaintences in the process of being invested in fonix. In my humble opinion, some truly marvelous people are associated with this stock, and if only for that reason, the experience has been immensely rewarding. Ed

To: john harris who wrote (1406)	12/3/1997 10:20:00 PM
From: Dr. Bob	Respond to of 3347

John, That's the way I read it too, but I give that a little more weight than hiring an investment bank (about which some on this thread got pretty excited this summer). I think a university-associated organization is a little more likely to pick-and-choose its affiliations and the scientific work it chooses to undertake because there is more than money involved, there's tenure, professional prestige, etc. You don't want to get stuck doing dead end work, no matter how much it pays, whereas I think for an investment bank, how much it pays is the crucial factor. Nevertheless, I think it's meaningless for investors with anything less than a 2-year horizon. I don't think Siemens or OGI can get up to speed with something that will actually produce substantial revenues in less than that time frame - and of course, I personally am skeptical that the revenues will ever be sufficient, given the way the company has been managed, to make it worth the wait. Bob