To: Wally who wrote (7935 ) 11/10/1998 2:33:00 AM From: TechnoWiz Read Replies (1) | Respond to of 15313
Hi Wally and everyone. Being in the media business as you are Wally, maybe you and others can begin to appreciate the enormity of what happened today, which indirectly, may very positively impact Financial Intranet's future. I am referring not only to FNTN's great news regarding their growing association with Siemens, but also to the news which I believe has been sending Internet stocks through the roof these past few days. In spite of some market weakness, the Internet Index actually closed at a new record high today. An awesome accomplishment in itself, given what the whole World has been through these past months. This may be a welcome harbinger of what we can eventually expect for for the rest of the market in the weeks and months ahead. Part of the reason for the blistering advance in Internet issues may have been revealed today, following Broadcom's announcement that it has created a high powered processor, that when embedded in the next generation of set-top boxes, will enable channel surfers to not only surf TV, but also surf the net at the same time. That places Internet Search Engines and Portals like Yahoo in same league as the major TV networks and will give them almost unlimited access to every American household in the land, not to mention the rest of the World. The potential Global Internet audience just multiplied 100 fold. Here's the relevant story: Chip designed for the total couch potato By Christopher Jones SAN FRANCISCO (Wired) - A new graphics chip aims to allow couch potatoes to simultaneously watch TV programs and surf Web pages on high-resolution displays. Its advent may solve one of the hurdles facing the convergence of computers and televisions. ''Interactive set-top boxes present a problem and an opportunity,'' said Rich Nelson, director of Broadcom cable products, which introduced the chip Monday. ''You have to display Web content generated using computer equipment on a TV, and make the experience good enough so that users are willing to pay for it.'' The BCM7014 chip will eventually find a home in cable TV set-top boxes that will one day grant consumers control over layered graphics and video windows on their screens. This kind of viewing is expected to become increasingly common as TV networks integrate Web sites and broadcast programming. ''You'll be able to switch from Web content to TV screens and use effects like peeling back a page or having multiple layers of windows up easily,'' said Nelson. The new chip is similar in spirit to the PC graphics accelerator cards that are popular with computer gamers. The chip will support studio-quality text and video-on-demand applications that are expected to become more common as set-top boxes work their way into more homes. Broadcom Corp (Nasdaq:BRCM - news) embedded an ''anti-flicker filter'' in the new chip to dispense with the imperfections that normally result when PC content is displayed on a TV screen. What this means is that at some point in the not too distant future, a viewer could be watching CNNfn or CNBC and see a Mutual Fund or Company being highlighted and from there he should be able to instantaneously click to say the FNTN website, conduct some research and due diligence or engage in advanced charting and then perhaps view specific videos relating to the subject. With the advent of the Broadcom chip, increasing computing power and improved bandwidth, these videos are more likely to be of the crystal clear quality, delivered flawlessly in streaming real time, directly from the designated Multimedia section of Website. The surge in Internet stocks is no doubt supportive of companies with Internet exposure such as Financial Intranet. As mentioned several times recently, the huge increases in the price of Internet leaders such as Yahoo, automatically affects the value of all Internet related issues. Following Broadcom's riveting announcement today, it re-draws the media eyeball map of the entire globe, with the whole Internet standing to make huge territorial gains over conventional TV outlets, as the new, key, flexible and interactive information delivery option. The integration of TV and the Internet is a whole new ball game that will prove to be a potent and dazzling mix of possibilities. If Yahoo is the proxy for NBC, then stocks like FNTN could become proxies for cable channels, especially as this new medium potentially extends their video capabilities to a whole new level of quality, with the added advantage of Siemen's state-of-the-art video technology and media showcase capabilities. The more that traditional media realizes the impending threat of the Internet encroaching upon their domain, the greater the likelyhood of mergers and takeovers, if they can still be afforded. Today's news certainly appears to place Financial Intranet in a whole new perspective, especially with the intensifying interest shown by Siemens. Logic dictates that brokerages, funds and money managers will place FNTN on their radarscope of stocks to watch for signs of increasing institutional investment or takeover activity. The powerful rebound from the recent lows, increasingly validates the recent corrective structure as a classic ABC bull-market pullback, whose broad dimension could eventually be dwarfed by what appears to be the unfolding bullish structure and possible third wave activity now in play. Should this be so, a breakout from this current brief consolidation could carry prices on an upward path that regains the previous value area of 1.75 to 1.95, setting the stage for another challenge of the year's highs. Rgds to all Wiz