To: Lynn who wrote (1730 ) 8/24/1998 4:12:00 PM From: Jeffrey L. Henken Respond to of 2534
Ok Lynn lets look at your questions: >There are a few things about ALYA I really don't get and hope some people here can make me understand: 1. The headquarters are in Palo Alto, CA yet all the R&D takes place in Canada (Vancover). Why not have everything in one place, or at least near each other in the same country?< This is not unusual at all. ALYA has offices all over the world. The most recent is being opened up in Belgium soon. ALYA is a Canadian company based in headquartered in Palo Alto. One only has to pick up the phone and talk to some of the people in management. I spoke with Doug Corbett and Roger Mutimer this morning and I can assure you they didn't get those accents in LA. My guess is that it's easier and less expensive for them to do their research in Canada as that would be where the company originated. Take a look at a company like Newbridge Networks(NN) for another example of a Canadian company, this one traded on the NYSE. This is once again not unusual. >2. Is this really a US based company? Looking at news and their web site, amounts are given in Canadian dollars--including the initial amounts put-up by employees and other investors to get the company going.< I think what you are wondering is if this is a legitimate company or your run of the mill OTC BB scam? It's for real! >3. From the posting before the one I am replying to, it strikes me as very, very strange that a company--even one OTC BB-- would suggest that investors _trade_ their stock. No joke, I have never heard of a company doing this before.< I think this one has been answered but I did talk to Roger about the trading of this stock. He is just as frustrated with it as we long term investors are but he feels this will all change as the company makes further progress. I agree. >I am not trying to slam ALYA, I'm trying to get an understanding with the idea of picking up some shares.<I think that is an excellent idea. I intend to buy more ALYA myself, very soon. For those who are unfamiliar with what Lynn was looking at here is a business description from ALYA's web site: ALYA International, Inc. (NASDAQ/OTC Symbol: ALYA) is a leading developer of process control software and hardware products using Echelon's LonWorks technology, Microsoft's Windows NT, and Local/Wide area networks communication protocols. The company is headquartered in Palo Alto, California with research and development carried out at its wholly owned subsidiary, ALYA Systems Inc., located in Coquitlam a suburb of Vancouver, British Columbia, Canada. Founded in 1995 with the objective of developing, manufacturing and marketing using Echelon's LonWorks technology based process control products to world wide markets, the company shipped its first product in early 1997. The company was listed on the NASDAQ stock exchange OTC, in June 1997 under the symbol: ALYA. ALYA is one of the first companies to develop open (ALYA's OPENTM "Open Platform for Essential Networks") architecture hardware and software for the security and control industries. ALYA's first product, O.P.E.N.cortexTM is a development platform based on these de-facto standards directed to companies implementing applications for end users such as building management systems and process control applications. ALYA has utilized this platform in the design of .O.P.E.N.centrixTM, an application for Security Management Systems. LonWorks technology is a de-facto standard in the building automation and process control industries providing a new standard for open architecture and interoperable control systems and is endorsed by the LonMarkr Association, supported by Motorola, Honeywell Inc., Johnson Controls, Inc, Olivetti, BTE and Toshiba Corporation. alya.com Please do your own due diligence before making any investment. Regards, Jeff