Re: ALLEN COCUMELLI comment - interesting why we invested in e.DIGITAL
posted on
Sep 11, 2009 10:24AM
With shrinking ipod prices and smaller margins on tech products and I wonder why retail would be our objective. Certainly a product like the ipod with Samsung and EDIG on the label would be a game changer but I like the niche markets the EVU targets with recurring revenues.
EDIG sold $5 million in eVUs and now reaps $1 million per year from service and content refreshing....if they could sell $50 million worth of product into these niche markets they could have $10 million in annual returns.
Now, find that niche and execute. How about outfitting two aircraft carriers for our naval servicemen and women or a fleet of cruise liners? They now have the resources, per Cocumelli, let's see the execution on that front.