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Actually, I think the good news in Omega's price drop is that insider's are
restricted from selling ANY of their stock for one year, which means the
Cruz brothers have enormous incentive to right the ship between now and next
October...
-----Original Message-----
From: Allan L. Kaminsky <allank@xxxxxxxxxxxxxxxx>
To: Robert W Cummings <robertwc@xxxxxxxxxx>
Cc: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
Date: Tuesday, January 06, 1998 6:38 PM
Subject: Re: Cut off of DTN
>BTW, don't overlook the fact that the original IPO at ~$11 included a
>chunk of the Cruz boys' stock. They've already been to the bank.
>
>Allan
>________________________________________
>
>Robert W Cummings wrote:
>>
>>
>> Besides miss spelling Omega by calling MOEGA I used the wrong terminology
>> by saying Dtn was cut off by Omega. Here is the story as I know it, when
>> DTN approached Omega Bill Crews demanded a royalty payment to access TS
as
>> he now receives from signal. DTN declined then struck a deal with Windows
>> on WallStreet then after many complaints Crews came back to DTN. This
time
>> without the royalty deal then DTN refused him unless he provide the
>> interconnect for DTN data and thats where it ended. I got this from a
good
>> friend thats inside Omega Company. As for the stock my negative comments
>> were reflected because I felt like Omega didn't have their customers best
>> interest in mind by not allowing DTN to feed data to TS. I had many
>> telephone conversations with Omega and I emphasized that DTN had twice
the
>> speed at half the cost and common sense dictated that was to wide a
spread
>> for the market place. The spread would invite competition and would
create
>> a secondary market for used TS and hurt future sales. Not that they
should
>> listen to me that prompted such negative comments about the stock but
there
>> lack of concern about their present clientele. Bill Crews is a genius but
I
>> have seen companys with the attitude they were the only game in town
>> before, remember Prodigy and IBM until it changed its ways. Bill Gates is
>> also a genius at both technology and marketing, but mainly marketing. In
my
>> opinion Steve Jobs had the superior computer operating system in the
>> beginning but Gates use his marketing skills just like he has on Netscape
>> of late. But I do feel like the stock of Omega is over priced under
current
>> conditions concerning sales but will admit the internet and TS5 may
change
>> that. But again Bill Crews lacks marketing abilities and foresight
>> concerning that market in my opinion and I feel because of that he will
be
>> to late when he finally does get TS5 out or get internet access.
>>
>> Robert
>
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