A letter to RP
posted on
Apr 28, 2009 10:53AM
These are the questions I sent to RP the other day. If and when I receive any answers I will post them.
------------------------------------...
Dear Robert,
Let me congratulate you and the others in the management team for the recent court victory. We all have been hoping for a favorable outcome. I have a number of questions and I would be very obliged if you would answer them, or at least as many as you feel you are able to without compromising the plans of the company.
1. The recently acquired EFB by IMS reminds us all that competition never sleeps. This acquisition provided them with a new product and a new channel of placing their products in the airline industry. Do we in Edig have an answer to such moves?
2. Does this mean that we lose our ranking in the industry?
3. How does the quality of our product measure up against the competition?
4. How does Edig’s sale efforts compare to that of our competition?
5. How many people are involved in sales? Whatever the number might be, do we have an adequate number to do the required job? If not, why not since now the company seems to have adequate resources to hire more people? Who has replaced Mr. Falk?
6. Why does IMS appear to be so successful in placing its products even under the most trying circumstances of the present economic environment?
7. How does Edig plan on using the increased revenues?
8. Is our engineering personnel adequate to stay competitive in the business of technological innovation? How many engineers do we have at this time?
9. Does the management have any plans to revise the business plan and become a technology firm living thereby on fees derived from licensing its technology? Ranbo has done this much but their engineering department has far more engineers than we do.
10. Could you please guide us shareholders in regard to future projected sales?
11. Is there any conflict of interest between DM and Edig in view of the fact that their goals might be diverging? More explicitly: In the short-run both companies would like easy and fast settlements; Edig needs working capital and MD would like inexpensive settlements. But in the long run Edig would like big settlements that might entail large outlays of time and money and DM might not want to engage in protracted and expensive court battles. In this case what is management’s strategy?
I will be grateful if you try to answer any (preferably all) questions.
Thank you very much in advance
Sincerely Yours