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 : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (10240)	9/9/1998 2:12:00 PM
From: David	Read Replies (1) \| Respond to of 26039

Art, as far as I can figure it, IDX's market cap still dwarfs any pure biometric competitor (excluding those big companies like TRW or IBM that have unknown, but very small, elements dedicated to biometrics). The IDX drop is shared by its publicly traded competitors. Some have dropped harder, in fact. For example, since NRID adopted an API-creation strategy they have reverse split 1 for 6 and still find themselves in the same $1 range they were in pre-split. And now they even seem to have lost the API bet.

To: art slott who wrote (10240)	9/9/1998 3:59:00 PM
From: Ron Ohio	Read Replies (1) \| Respond to of 26039

Art. I've been in the construction business for all my life. I've seen new ideas come in to the industry usually by small entrepreneurs. Then things happen. Let's take a large fake manufacturing company to show what happens - say Kitty Kat Mnf. They have no knowledge of the subject. They can spend a huge amount of money to try and duplicate the process or -- they can try to find a way to get the knowledge. They can go to smaller companies and say they are interested in the process so that they can authorize their local dealer to use it. Or they can join an organization that might have access to the information. Small companies are puffed up because the big Kitty Kat Co came to them and they spill out some proprietary information. Two years later Kitty Kat Co has developed their own competitive division with the information they received. I've seen this happen more than once. IDX is at 5 for a few reasons. They have not shown any earnings. My broker (for 30 years), who just died, wrote me in April of '97 that if IDX didn't show earnings it would be killed in a down market.. When small caps are down 50% and the Nasdaq minus a few biggies is also down 50%, we are not in a minor correction. We are in a bear market. Small companies are always smashed in a down market. People want to see if the companies can produce increased earnings in tough times. I believe IDX will. Also IDX diverted potential earnings into R&D to develop new and more sophisticated products after Oracle's initial feed back. Because of this the biometric market has not started to grow in the geometric growth that Randy felt would happen. We probably lost a year. However, I believe that accelerated growth is close at hand. Ron