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Microcap & Penny Stocks : International Automated Systems -- Ignore unavailable to you. Want to Upgrade?

To: Wynn who wrote (1306)	7/25/1998 10:18:00 PM
From: david moon	Read Replies (1) \| Respond to of 7618

Questions for IAS boosters- When will the store open? How many AFIM distributors were reimbursed for machines that didn't work? Has Stanford received any equipment to evaluate? What data rate has DWM achieved over a voiceband channel with PCM encoding? Who would pay $4+ for this dog?

To: Wynn who wrote (1306)	7/26/1998 9:53:00 AM
From: Bob Walters	Read Replies (1) \| Respond to of 7618

It is only "gobbley Gook" to those who don't understand or want to understand the possibility that DWM does not work. I hope as a trial member of SI, you have taken the time to go back and read all of Paul's posts both on this thread and the AOL forum. I for one, as a long time investor in IAUS that got in High and sold low, then bought in and out trying to recupe some of that money really appreciate Paul McGinnis' posts. He is an awesome Engineer that is trying to get investors to see both sides of the picture. We could have another thread here on SI with no bashing allowed. But who wants a thread where everyone agrees and knows IAS is a wonderful company, when as of yet they haven't done anything. I am sure if DWM is a workable marketable product, Paul will be the first one to admit it, test it and concede. Paul is basing his observations on pure facts as he knows them. Have you looked at the financial picture at IAS? Its not very good, and the mainstream investor wouldn't even consider such a risky investment. I have remained very neutral on this company, trying to get back what I have lost. I think it is very important we get discussions from both sides of the fence. -Bob-

To: Wynn who wrote (1306)	7/29/1998 3:42:00 AM
From: paulmcg0	Respond to of 7618

["What's in it for you?"] Perhaps, it is a chance to redeem myself for not turning IAS into the authorities earlier. Several months before the DWM demo that never happened in 1996, one of my friends saw the ads that IAS was running in Investor's Business Daily, hyping the company. He turned over the "investors packet" that IAS sent to me for my analysis, and I advised him to avoid putting any money into IAS stock. I should have notified the proper legal authorities at that time, but I did nothing, and only contacted the SEC when I heard that, as I had predicted, IAS never showed anything at their demo. I always wonder if I could have saved people from losing money if they had not invested in IAS prior to the non-demo. Have you ever read the book "The Structure of Scientific Revolutions", by Thomas Kuhn? Kuhn makes the point that scientific theories are changed when the weight of evidence is overwhelming that they are wrong or they no longer are able to solve problems. For example, although Lord Kelvin claimed that heavier-than-air flight was impossible, the Wright Brothers proved him wrong. IAS has claimed that they could violate the known laws of engineering. As the saying goes, "Extraordinary claims require extraordinary proof". IAS has never allowed an independent examination of their claims that they could deliver 6,000,000 bps over an unmodified telephone line. The burden of proof is on IAS to prove their claims, something they have failed to do according to the accepted scientific method, by allowing others to verify their claims. Also, I should point out that before I started trying to debunk the technical claims for DWM, I passed a copy of the original DWM patent to an engineer I know who had done his thesis in graduate school on modulation methods, just to confirm my analysis. His comment was that he had lost his respect for the U.S. Patent & Trademark Office for allowing such a thing to be patented. As an engineer, I would get fired if I pulled the same kind of stunt that IAS did -- schedule a demo of a new product I had been working on, then, not show anything and make vague claims about patent problems, and finally, still have no commercial product more than 2 years later. I'm going to repeat what IAS stated, "You'll believe it when you see it!". I, and other engineers still haven't seen DWM work, and the last I heard they still haven't shipped anything for testing to that professor at Stanford. Call me a skeptic, call me a cynical a**hole, but what IAS has done so far with DWM doesn't match what I've learned about actually doing engineering, in college, on the job, or as a member of the Institute of Electrical & Electronics Engineers. Paul M.