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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?

To: Fairways9 who wrote (2143)	1/28/1999 2:13:00 PM
From: dwight martin	Read Replies (1) \| Respond to of 3347

5 PRs and not a penny in sight; costs to be cut by 30%; rumors of MSFT deal; Studdert out as CEO; amazing volume and no price movement since the initial rise. Sounds just like FONX.

To: Fairways9 who wrote (2143)	1/29/1999 7:35:00 AM
From: Dr. Bob	Read Replies (3) \| Respond to of 3347

Time for the end game. FONX has nothing left but to be acquired, at $1 and change/share if stockholders are lucky. At that price, the original stock holders still make a killing, the three principals make a killing plus having had a sweet salary for several years, but most common folks have a big tax write off. What were the key clues? 1. Repeated failure to deliver on expectations. 2. Failure to ever demonstrate a commercially viable product until the acquisitions. 3. Sweet deals for the big three while the company was still development stage. 4. Unwise investment of company money after the IPO (KLSE). 5. Failure to ever explain the value/uniqueness of the patent - if it ever had any. 6. When the bulls for a company don't understand the patent, are wildly optimistic after seeing a hokey demo, and continue to rationalize the above, there's trouble. If you can be bluntly realistic and still a bull, then it's a good company. 7. Acquisitions of failing companies only. Acquiring one now and then (e.g., LHSPF did so and benefited from KURZ, but had many other acquisitions of thriving companies) is OK, but if the only thing a company can snag is someone else's failures, times are really tough. The list goes on. John Harris could add several more from the financial point of analysis. Hope everyone gets something good out of this; I know the big three will. Bob