To: Bill Fortune III who wrote (1727 ) 5/14/1998 3:05:00 AM From: TechnoWiz Read Replies (1) | Respond to of 2897
Evening Bill: Thanks for posting the summary of today's trading. Those figures tell a lot about the strength of this stock today. I feel sure the main reason you posted those figures tonight, was to draw our attention to the fact that each time the market traded below .80 for a few transactions or couple of times just one trade the market snapped back over .80 and resumed trading near the high or the range. All in all a good day's trading. I think we put in a pretty good test of the mid .70s today and it appears as if the market did not like the temperature down there. Actually, both my intraday chart and many of my indicators are starting to turn exceedingly bullish. In deference to those who highlighted the MCI report and pointed out the potential advantages of FNTN's interactive video, videconferencing and long distance learning etc., may I refer to the optimistic, if not downright ebulliant, even (rationally) exuberent comments made by IBM's CEO Lou Gerstner today in their conference call. He sees what he calls Internet and Intranet Services and Technologies as the fastest growing sector of their business. Following IBM's comeback from the brink in 1993 / 1994, this sector was just beginning for them with maybe $1 Billion in revenues. Less than 3 years later it was an 11 Billion business and now it is a $20 billion business and a growing portion of their largest orders are coming from overseas. Long term supporters of this thread may recall my post on long distance learning and computer education which Barrons estimates will be a $50 Billion dollar business by the year 2000. Remeber the Barrons front page back in early March 1998, with no less than Michael Milken, Paul Allen and Oracle CEO Larry Ellison depicted as cartoon kidheads arm in arm and saying: "Hey Teach! The next big opportunity on the Internet is employee training. So say self-styled visionaries Paul, Mike and Larry." Financial Intranet cannot get a better endorsement of it's own vision of being at the "cutting edge" than the implication that the big boys are waking up to the very same possibilities. Check the press reports: Lou Gerstner was positively gushing over the business potential of providing Intranets and Internet service. No wonder Siemens are so intent on the prospects here. I'm hearing major stuff is happening... I would also like to point out that as far as I am aware all of the capabilities of CPhone, (CFON) which rocketed from $2 to $9, can essentially be replicated by Financial Intranets technology, minus the set-top box. Add to that the potential for High or Ultra-speed internet access as indicated in their recent press release and some of the next generation of Intranet and Internet technology looks as if it is very close to becoming reality. Perhaps as some here have already hinted to those reading from above now if Financial Intranet could somehow incorporate a Specialized Search Engine into the mix...then maybe, just maybe they would have all the bases covered... A few days ago, Robert W. Dog, our roving European correspondent and able contributor, was kind enough to draw your attention to my post #1000, published when things were somewhat quieter on this thread. With your permission, I would like to draw your attention to post #1056, which I have linked below for your convenience. The reason for re-posting here, is I am beginning to feel the same way as I did back then. Now that the frustration of building an elongated base and pennant at these previously unimaginable levels, it is beginning to wear people down. Remind you of anything?? Like the long wait and wearing down of less than a month ago?Message 4037967 www2.techstocks.com On that note, a very good night to all Rgds Wiz