galtgulch

There is something about railroads which stirs the imagination and makes my heart beat faster. Today as my wife and I saw our daughter in law's father off onto an AMtrack train the conductor stepped off the train onto the platform to guide passengers aboard. Almost without thinking I hailed him and asked him if he had ever read Atlas Shrugged, a book in which railroads figure prominently. I mentioned that the heroine is the vice president in charge of operations of a transcontinental railroad. I told him that I assumed that since he works for the railroad that he must love railroads and trains. As he stepped back on the train before it sped silently away, he said with a smile, "Not really!" I try not to miss opportunities to suggest Atlas Shrugged but it doesn't always work out. galtgulch (no relation)

Hi Michael, I am glad I found an appropriate place to post my little heads up regarding the video telephone. For anyone who might want to actually buy one, there exists a list of retailers on the www.wgate.com site under "buy" For those who prefer to see the Ojo in action before buying I know that Hammacher Schlemmer in Manhattan has one on display that is connected to the internet and Hammacher offers a Free lifetime guarantee although you pay a little more up front. There are a number of sites online where the Ojos are available including amazon, wgate.com, ojoworld.com but the best price might be either 101phones.com or thenerds.net where I just found it for $222.41 The stock in WorldGate Comm is traded on Nasdaq as WGAT and closed yesterday at $1.22. The third quarter earnings report is due out in mid November and should be, is expected to be better than second quarter earnings which was just $186K. I am not encouraging anyone here to take a chance on this stock. It is very high risk. Although the company has signed deals with a number of telecommuncation companies around the world, announcements of the deals do not specify any actual orders yet. The PRs are on www.wgate.com under News. Israel Telecomm, British Telecomm, Express Telecomm in Russia, Novatech in Japan, Mototech in Taiwan, ALta Vista in Central America, New Zealand Comm, Global Touch Comm (VOIPs) Aequus for hearing impaired. One can save one months fee by paying $164 annually. If a mere one million were sold retail that would mean $164 M in recurring revenue, with only about 40M shares in the float that would mean $4 earnings per share, with a P/E of 20 that would mean an $80 stock price! But mind you if any Ojos are sold throught the cable or telcos the recurring revenue would go to them and not to WGAT. Nothing ventured nothing gained. But never gamble, I mean invest more than you can afford to lose! See RCS ad for Ojo in NYTimes 11/01/06 on page 3 of CIRCUITS Section Less expensive at thenerds.com or 101phones.com and Hammacher Schlemmer offers FREE LIFETIME GUARANTEE galt

I am an Objectivist and have been since 1968. I do have a bit of a conflict here because I am eager to share awareness of a product which enables one to see a friend or loved one face to face who lives at a distance using a product which won the coveted Best of Innovations in Design and Engineering Award at the Consumer Electronics Show in Las Vegas in 2005 and which you might have seen as it was a product placement on the popular Fox Network Show "24" used by Chloe and Edgar when Jack Bauer called in to have Edgar move a satellite around without attracting Driscoll's attention. I assume that Objectivists are like ordinary people in that they probably have loved ones who might be at a distance, perhaps a spouse who travels on business, a parent or grandchild who live in another city or state, a business associate or sibling with whom you speak often. Admittedly there are computer based options which commit you to be glued in front of the PC or Mac. This new gadget operates over broadband cable or DSL and if you attach your modem to a wall outlet with an ethernet cable you can use the Ojo attached to any other wall outlet in your home. SO while the kids are chatting on the computer using webcams, you can use the Ojo to see and "visit" with your loved one elsewhere comfortably in your home. My conflict is that I own a few shares of stock in the little company which created the Ojo so this is like a spam thing and I have been warned already. Still I do think that Objectivists are into awareness and I am not telling any of you to buy this gadget or to buy the stock either. Just be aware that residential video telephony is the next big thing, no maybes about it. And if you want to be the first one on your block to own one that is your business. \ There is considerable risk in investing in a new unproven product in an unproven company in an unproven new industry. On the other hand that is just the kind of situation which has the potential to create wealth for early adopters. Think Rearden Metal! Do your due diligence. If you ask me I will tell you more! The price of the Ojo has come down from $799 to $399 and it is less expensive at 101phones.com and the price may go lower still as the holidays approach. The silver colored Ojo has a detachable cordless phone which helps for privacy but if you lift it up it deactivates the speaker phone. With the speaker phone the voice appears to come from the LCD screen and with the audio synchrony the picture is profoundly realistic and lifelike, even when the caller is thousands of miles away. The picture is clear with smooth motion and with no flutter or pixelization. Another model has a black satin finish, with out the detachable cordless and is dedicated to video. The silver Ojo has a phone jack for regular audio calls, the Shadow Ojo does not. The SHadow costs $299 and is also less expensive at 101phones.com $259 and also likely to be lower soon. There is a recurring monthly fee of just $14.95 for UNLIMITED VIDEO CALLS over broadband. You can even save a months fee by paying $164 annually. No per minute charge, flat monthly rate. A little boy tried to pet a dog over the Ojo! A man is able to check on his father who is half the continent away in a nursing home. College bound young people are using the Ojo to keep in touch with friends and family. The LCD screen is held at eye level for face to face encounter. I thought this might be an appropriate place to post this info because all I ask is that you check the links www.wgate.com and www.ojoworld.com and make up your own mind. The least expensive source of the Ojo or the Shadow may be at thenerds.net and here is a link to it: http://www.thenerds.net/index.php?page=sea...mp;x=32&y=4 galtgulch