To: Joe King who wrote (30584 ) 3/19/1998 2:50:00 PM From: elk Respond to of 41046
First off Joe, No one has selected our competitors, yet. I have yet to see an announcement by any gateway producer announcing revenues from Gateway sales. If you can direct me to them, I would be happy to discuss who sold what, to whom. Now with that being said, there is an expected 500 Million dollars expected to be spent by corporations and Telco's on Gateway products. Can you please name any Fortune 1000 companies that have announced how much of that 500 million has already been spent? The competition can offer Two things that FTEL does not match, Higher prices and lower quality. Beyond that, there are some technical issues that, I will not out of respect to a request made of me discuss, that we do not currently have, but will in the future, if the market dictates that we do need to have them. IT is a high flying sector, but look at revenues and all the rest, and you will see that NO ONE has started to generate the revenues for Phone-Phone IP calls, no one. IDTC is the closest and as of their last earnings report, they, in their own words, have not started generating significant revenues from Net2Phone Direct, though I expect that to change with the next earnings report. So who are we behind and why? If you mean share price, then your are correct, but why is Voclf's and NSPK's where it is at? It is based on revenues from PC-Phone IP, but mainly because they have partners who have taken major pieces of them. So are we behind? Yes, in share price and equity investors, but not in technology or sales of that technology. Will we have equity investors, well who knows? I certainly would not invest based on that hope, I would invest on the potential that our Best quality and lowest priced technology will launch our NextGen telco, well ahead of the others. Other than an investment in our technology, leadership and potential, I would not invest in this company, so if you do not feel confidence in these factors, consider all options. Best of Luck no matter what decisions you make, but if you are making them from the standpoint that we are behind, then take a closer look at the industry.