Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (354)	7/16/1998 11:53:00 PM
From: playah	Respond to of 3015

my guess is that SRCM did not realize the value of the tech until patent lawyers told them how valuable they were. hence the flurry of activity since june. these guys are probably out of touch down in dallas and needed some industry pros to point them in the right direction.

To: Secret_Agent_Man who wrote (354)	7/17/1998 2:10:00 AM
From: Pluvia	Read Replies (1) \| Respond to of 3015

STRONG SELL Rec SRCM - Buyer Beware SRCM HYPES Interactive Channel Failure in Colorado Springs.... <<<Grant, I think that after the Colorado trials, they saw how far reaching their tech was and this is what may have spurred the interest? only a guess?>>> Rocketeer, If you followed the Colorado SRCM trials you would know that they were a complete failure. The Cable operator - Century (the former CableVision) dropped the service. Here is a part of a story written in the local Colorado Springs Gazette dated Feb 5 about the SRCM "Interactive Channel" failure - note below SRCM's HYPE'ed up press release about the failure: ********************* From the Colorado Springs Gazette-Telegraph Century, the former Cablevision, launched the Interactive Channel on Aug 30, 1996. The partners in the project were Source Media Inc. of Dallas, which created the channel; and The Gazette, which provided it with news and other information. "It never lived up to expectations," Shreffler said. Scheffler said he doubted the $6.95 fee was too expensive. Rather, he speculated viewers wanted the internet like service - something that would allow them to surf sites as they do on the world wide web." ******************* Now here's SRCM's version of the Colorado trial from their April 20 press release: ****************** Having completed a successful eighteen month commercial evaluation of Source Media's interactive capabilities in the Century Communications' Colorado Springs, Colorado cable system, the Company believes its Dallas-based Interactive Channel is well-positioned to deliver its digital interactive applications to the cable industry in conjunction with the growing rollout of digital set-tops. ******************** It is our STRONG opinion SRCM's Interactive Channel is a complete failure and will never be profitable in any market.