quote:

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Originally posted by cabbage22:
Hello! annual report is out, ding ding ding! does anyone even care? wake up!

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How about to compute the working capital sum Company gained from below activities after Oct 31, 2003?

QUOTE from Feb 13, 2004 Annual Report
============================
Increase in Cash Subsequent to October 31, 2003

On November 1, 2003, the Company granted an individual the option to purchase 200,000,000 shares of common stock at the exercise price of the average closing price for the three days prior to exercise less a 40% discount. The option is exercisable commencing November 1, 2004 and expires after January 15, 2004.

During December 2003, the Company granted an individual the option to purchase 50,000,000 shares of common stock at the exercise price of market value at the date of exercise less a 40% discount.

On January 28, 2004, the Company granted Pangea Investments GmbH the option to purchase 100,000,000 shares of common stock at the exercise price of market value at the date of exercise less a 50% discount. The option is exercisable commencing January 28, 2004 and expires after January 28, 2014.

As of February 4, 2004, the Company has received approximately $1,098,000 cash as a result of the Company's Option holders exercising their options to purchase shares of common stock.

quote:

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Originally posted by Love the Market:
Oilman -

I concur completely. However - we COULD get a NEOM or AGIS like Super-Spike on news that's perceived as INCREDIBLE! But like those and most others - it would, imo, pull back to a realistic level VERY quickly!

Steve

[This message has been edited by Love the Market (edited February 16, 2004).]

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quote:

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Originally posted by Neo:
you mean the report from last week?

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This isn't my typical dd nor cutting edge links to share.

Purl is our good luck charm.
Saying what she said, we are in like Flynn..lol

The last time she needed a refill, was days preceding GXFZ's new site release. Diligent dd was building on the stock, and the company already had a working website, but a new one was anticipated to be released in early February. The more anticipation, the more crazed the wording in her posts got. (all negative and beyond speculative). She was posting so much, and failing over and over at attempts of poetic prose, she finally cracked and called them a paper company. I increased my holdings immediately..lol I sense the good luck factor in all of this. Two or 3 days later, the new site was released, stock price more than doubled and now is settling in for long term growth. To my knowledge she hasn't posted there much, if at all since..lol She wrongly defined a paper company for me. I let it slide and enjoyed my gains....waiting for this moment.

Forget all the dd. We're good to go now. :)

welcome new members??? i hope you are hearing an echo. YOU HAVE ONLY BEEN HERE SINCE FEB 5TH AND YOUR 19 POSTS ARE TO CHEER LEAD IBZT. i for one believe in an honest forum with verifiable dd and a track record. i have posted over 1000 times more than you and i think newbies and veterans here have done well at least considering what i post.

IT IS IN MY HUMBLE OPINION THAT JUST BECAUSE SOMEONE SAYS THAT THE CANESTA ISSUE HAS BEEN PUT TO REST THAT THIS IS WHAT IS GOING TO HAPPEN.

readers, please carefully read the following and i would suggest pulling out a simple calculator to run some simple calculations. you don't need a computer engineering calculator. read the following article and divide those millions invested in canesta just before ibzt became the last keyboard king by ibzt's share price at the time of the pr, lets say .0025.--------now let's see, what was that o/s count for ibzt?this is simple math. keep it handy as you might want to compare how much slower the speed of sound is compared to the speed of light over a distance of inches. especially when finger speed is the log jam here anyway. you have two bees in a box on a turtles back and you are wondering which bee is going to cross the finish line first? i also thought the part about suing for sore fingers because users would have to type so hard was quite humorous. i could enlist the help of any musician using simple microphone technology to tell you tapping fingers could be made to sound like the san francisco earthquake. but you would soon see that this is a much different and precise technology than what has been around since early radio days.

decide for yourselves if this canesta issue is insignificant or not. also please note the names of the people who have to date invested in canesta. intel investments? does bill gates think they are washed up? jp morgan? who the f is he? been around longer than 19 posts id guess or 2 weeks at least. does anyone suspect why these two might be interested in canesta and it's 25 patents?

once again, i remain cautiously optimistic that i will make much more than i already have with my ibzt investment. but there are allot of variables out there and i intend to keep my head out of the sand. i think most of you who have read my posts in the past know i am neither a pumper or a basher. i think a successful investor, has to be thorough and open minded. question everything you read here including what i write and dig or be buried.

uncle milty

CANESTA RAISES $16 MILLION

Venrock Leads Investment in First Company with Electronic perception Technology; Other Investors include Carlyle Venture partners, intel Capital, J.P. Morgan Partners, and Korea Global IT Fund™
SAN JOSE, CA – December 16, 2003 – Canesta Inc., the leading provider of electronic perception technology, announced today that it has raised $16 million. This new round, led by Venrock Associates, brings the total investment in the company to $36.3 million. Other investors include Carlyle Venture Partners, Intel Capital, J. P. Morgan Partners, and Korea Global IT Fund (KGIF).

This announcement comes in advance of the first commercial availability of projection keyboard accessories in the first half of 2004. Moreover, in September a prototype projection keyboard accessory, which is based on Canesta’s first generation electronic perception technology chipset, was displayed in the Sony Corporation booth at the World PC Expo in Tokyo; and in early October, the world’s first public demonstration of the next generation of electronic perception technology took place at MIT (Massachusetts Institute of Technology).

“Canesta is one of the few companies in today’s market that is truly introducing something revolutionary,” said Tony Sun, managing general partner of Venrock, who joins Canesta’s board of directors with this recent round. “We are very excited to help build this breakthrough company.”

Canesta’s electronic perception technology is the world’s first low cost, chip-based technology that enables everyday devices to see and react with the environment around them. It does so by electronically forming true three-dimensional moving images in a special sensor chip, and providing interpretations of these images to devices such as cell phones, PDAs, automobiles, or security systems. The first products to use electronic perception technology are mobile devices with projection keyboards. Additionally, Canesta is working with numerous partners in the automotive, security, and other markets to apply the technology much more broadly over the next few years. Canesta, a fabless semiconductor company focused exclusively on electronic perception, has filed nearly 40 patents surrounding its various breakthrough technologies. Seven of these patents have been granted so far.

”The potential of both the projection keyboard and the broad array of other products that can result from a technology that ‘enables everyday devices to see’ is enormous,” said Allan Thygesen, managing director of The Carlyle Group and member of Canesta’s board of directors. “Electronic perception technology is important because it can be applied broadly, sight-enabling even inexpensive, consumer-oriented devices, as well as a wide range of instruments, equipment, vehicles, and machines. This is a contrast to today's complex and generally poor-performing vision systems that are expensive, large, and require a substantial amount of computing power.”

According to Nazim Kareemi, Canesta’s president and CEO, “We set out to solve a very hard technical problem which, in the long term, will change the way computers and other devices interact with the world. The first commercial products using our technology will be available next year and we are very pleased with the support we have received from our investors and customers.”

Moreover, Kareemi explained, some of the key early markets for Canesta’s products are in Asia where much of the manufacturing of cell phones, PDA’s, and computers takes place. “In addition to the vision our investors have shown, we are very pleased with their assistance in building relationships with our Asian partners.”

About Canesta

Canesta is the inventor of a revolutionary, low-cost electronic perception technology that enables ordinary electronic devices to perceive and react to nearby objects or individuals in real time. When sight-enabled with Canesta's unique electronic perception chips and software, consumer, automotive, industrial, military, and medical products will gain functionality and ease of use not possible in an era when electronics were blind. The first application of electronic perception technology is the Canesta Keyboard Perception Chipset™. The chipset is the foundation for the projection keyboard. When integrated into cell phones, PDAs, or an accessory device, the image of a keyboard is projected onto a nearby flat surface, and then a sensor “reads” the finger movements of a user who types on that image. Canesta's electronic perception technology resolves the user's finger movements in real time into keystrokes electronically provided to the device.

Canesta believes future applications of electronic perception technology are virtually as broad as the imagination. They may include intelligent automobile airbag systems that can sense the size and position of an occupant to control deployment and avoid injury, a low-false-alarm security system that could detect the difference between an intruder and normal activity, such as a pet moving or child visiting the bathroom at night, or video and virtual reality games that would have no mechanical input whatsoever. The game would "see" the player and reacts to his actions.

To date, Canesta has announced customers including NEC Corporation and Advanced Input Devices. Canesta was founded in April 1999, and is located in San Jose, CA. The company has filed in excess of forty patents, seven of which have been granted so far. Investment to date exceeds $36 million, from Apax Partners, Carlyle Venture Partners, Intel Capital, JP Morgan Partners, Korea Global IT Fund (KGIF), TechFund Capital, Thales Corporate Ventures, and Venrock Associates.

-30-

Editors, note:

All trademarks and registered trademarks are those of their respective companies.

For more information on Canesta investors see the following URL’s:
More information about each investor can be found at their websites, respectively:

Apax Partners

Carlyle Venture Partners

Intel Capital

JP Morgan Partners

Thales Corporate Ventures

Venrock Associates

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quote:

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Originally posted by PL:
Welcome new members
I am glad this IBZT family is growing nicely. For those worried about Canesta being competition, please read the attached message.

Also, I would strongly encourage new members to start reading from Page 1 of this thread.
There are tons and tons of excellent info.

LOL opiate...
I see you're excited about IBZT huh? One man "post and reply" on page 13? haahah kidding.

[QUOTE]Originally posted by PL:
[B]Bo
MT's post is correct.
I checked it out and indeed, Canesta's patent is extremely similar to VKB's. However, it is a different technology. Canesta utilizes sound sensors to calculate the distance between the impact point and the sensor to determine which key has been struck whereas VKB uses CMOS sensors to determine which laser grid has been "broken" to determine which input is relevant.
In essence, if you use Canesta's device, you'll have to strike the surface pretty hard or the sound sensor won't pick it up. I think people will start suing Canesta for sore fingers

The link MT gave refers to the same patent as this link htt p://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=/netahtml/search-bool.html&r=1&f=G&l=50&co1=AND&d=ptxt&s1=canesta.ASNM.&OS=AN/canesta&RS=AN/canesta

Canesta's patent was approved Sep 2, 2003. http://www.canesta.com/downloads/patents/USP6614422.pdf
VKB's patent was approved Nov 18, 2003. http://www.delphion.com/details?pn=US06650318__

It seems to me that the Canesta patent is for the technology to be embedded into devices so that they'll have the virtual keyboard feature instead of relying on conventional keyboards for input. The layout of Canesta's virtual keyboard is also different from VKB's.

VKB is adopting the plug-and-play approach, which IMO is better. It is more versatile in the sense it could be used with virtually any device with an input port.
Also, sound recognition technology is slower (light travels faster than sound), more complex (try using the device on a plane) and harder to implement.

Canesta will need to spend more time in R&D and costs to create a workable model with various companies (like NEC), whereas VKB is independent in its development.

I guess this also explains why VKB has production of the virtual keyboard ahead of Canesta even though it has less funding and R&D backing.

IMO, VKB is more brilliant
To put it simply, Canesta is essentially saying that it invented revolutionary wheels which could only be used for manufacturing cars. VKB, on the other hand is saying they invented similar but even better wheels which could be used on any vehicle which may or may not require wheels.

I could be wrong on this, but based on my computer engineering knowledge, it should be correct to a significant degree.

If anybody has anymore insight into this, please post it

Quoting Bart, "Eat monster(s) EAT!!!!"

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[This message has been edited by old mullet (edited February 17, 2004).]

[This message has been edited by old mullet (edited February 17, 2004).]

The press release concerning Canesta certainly isn't news. I feel both long time posters and new members have brought up excellent technical points to clarify this issue. It matters not the number of posts when sharing knowledge. I'm glad "PL" gave us his insight. For here, I'll discuss the point of competitive advantages as there really isn't much left to discuss on this issue currently.

Your point of competitiveness between Canesta (who has no product to market yet) and IBIZ, is similar in some ways to XMSR vs SIRI. Both have the same base service, but XMSR's development and marketing beat SIRI by one year. Currently, XMSR leads SIRI in every many aspects of business, including share price. Competition is good.
Being first to market is even better.

I could go on about many other aspects of this business (Marketing, media exposure, logistics), all of which IBIZ has the clear advantage, but I'll touch on portability ad price and keep it short.
I love the portability of the VKB. Being able to switch from your PC, to PDA to handheld PC is a great advantage to any user and especially mobile professionals. Plus, the VKB will allow us to keep our existing equipment for it's use, versus having to replace hardware with an integrated unit like Canesta.
This coincides well with the low cost of the IBIZ unit. $99.00 is a great price. The high cost of Canesta's integrated board would would be eaten by the hardware manufacturers and passed on to the consumer. The high costs to the manufacturer and technical concerns have been well discussed here in previous posts.

Portability and lower costs to all are two clear competitive advantages.

Having competition is part of doing business. Being first to market and carving out a global position in the industry is where I want to be. Be well. Bo

i use the name old mullet to signify that in a species that has lots of predators and a short lifespan i have made it through over 35 years of investing and have prospered doing it. it came from thorough, cautious investing and diversity. i hope if newcomers take anything from my posts it is this.

i am always skeptical of new members who are singular in their topics and are not open to facts that are being posted, instead making baseless claims to discredit solid dd.

ibzt was a 30 dollar stock 4 years ago and went to the brink of extinction with an ever increasing o/s. i think there have been some very good beginnings to a reversal of that trend. but they are just that-- beginnings. the first keyboards are yet to be delivered. they are not alone nor do they have an infinite edge on the niche markets they deal in. there is a yet unverified agreement with the patent holder, vkb to sell the vkb. what else does that include? ibzt does not hold the patent. so i hope they have a good deal with vkb.

maybe my posts aren't doing anything to drive this stock up, but at the end of the day, i don't want to feel some newbie bought shares i sold by discussing a stock in less than a thorough open manner.

ibzt can go up or down, or cycle sideways as i predicted it would at the time of the big run. i am betting that it will go up, but do not have nearly enough information to say how quickly. i have seen this scenario too often. a step at a time. lets get those keyboards out in customers hands and see how they like them. you can bet there will be plenty of opinion as soon as they are out there.

uncle milty

quote:

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Originally posted by PL:
well 1000 posts old uncle milty...
if you feel that only old old old members could provide insight into IBZT, and "NEW" members are only capable of cheerleading, please ignore my posts.
My posts are not addressed to you, but to anyone who wants to read it.
I am glad that at least Bo and a few others found my Canesta post useful. However, if anybody thinks that what I am posting is just plain junk, please let me know and I'll gladly stop posting from now on.

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I think any average kid would know that the speed of sound is approximately 340m/s whereas the speed of light is 30000000m/s.
For the benefit of other readers, and NOT for you alone, I'll explain.

Canesta's product depends on sound input to determine its position. First, it'll have to wait for the sensor to pick up the sound waves and then determine its position through calculating the distance between the origin of the sound waves and the sensor. Sound waves are not as clear cut in calculation as light waves. Any sound source could create interference waves and therefore affect the sensor's accuracy. I am almost certain that if one is to use the Canesta's keyboard on an airplane, it would not work. IF you don't tap hard enough for the sensor to pick up the sound, it might not even recognize it. Tell me, tapping hard at every key you enter for oh.. lets say 30 mins... will your old fingers get sore, mullet? After determining the position, it has to match the distance calculated with an input array before finally determining which input character is relevant and then send that character to output.

VKB's keyboard uses lasers, which is oh.. only about close to 1 million times faster than sound. When the finger breaks the laser grid, it'll be picked up by the CMOS sensor, and directly matches it with the input character for output. This is the case due to the fact that every grid can be preprogrammed to match every character or command. In computer engineering terms, it acts as an "Interrupt". Every key grid is independent, and any break in the grid creates an interrupt and immediately the process to send the corresponding letter to output is achieved. Its kind of like the motion sensors used in security systems. You break the laser's pathway, an alarm sounds. Thus, input and output is almost instantaneous. On top of that, you do not need to worry about fuzzy logic calculations for sound waves as light waves are almost as simple as 1 and 0. 0 for off, 1 for on. You break the grid, it's on. You don't break the grid, it's off. Less variables, more accuracy. If one argues that there are interference waves for light as well and that will also affect accuracy in the CMOS sensor, I have to agree. But to create that magnitude of interference, one will have to create magnetic waves strong enough to bend light such that the grid sensors are out of sync. If that happens, I seriously doubt that any electronic appliance in your home will even work.

If you disagree with what I am saying mullet, go get a PH.D in computer engineering before posting another message on the technical aspects of the virtual keyboard.

I hope my post will benefit other readers.

[This message has been edited by PL (edited February 17, 2004).]

"...to create magnetic waves strong enough to bend light...."

This event would be in direct defiance of
known Universal Laws. Light cannot be "bent"
by magnetism. Light is "bent" by two primary
forces; gravity and refraction.

Magnetism works upon ferrous elements. Light
possesses no ferrous material, nor material
of any content; light is composed of photons.

However, I only have a Bachelors degree in
Earth Science. Perhaps Universal Laws have
recently changed, throughout our known and
vast universe, since earning my degree.

A mirror like finish on fingernails would
have an interesting effect, yes?

Purl Gurl

Of more interest, I have yet to read any
commenting upon or discussing this recent
SEC filing by Ibiz, other than myself.

Perhaps it is I am the only willing to
tackle a tough topic?

Any comments on this exceptionally poor
10Q filing by Ibiz?

What do you think about company officers
receiving big bonuses for generating over
six-million in losses and no increase in
an insignificant amount of revenue?

light not only can be bent, but could be frozen. That's the basis for the theory of quantum computers.

quote:

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Originally posted by Purl Gurl:
PL wrote:

"...to create magnetic waves strong enough to bend light...."

This event would be in direct defiance of
known Universal Laws. Light cannot be "bent"
by magnetism. Light is "bent" by two primary
forces; gravity and refraction.

Magnetism works upon ferrous elements. Light
possesses no ferrous material, nor material
of any content; light is composed of photons.

However, I only have a Bachelors degree in
Earth Science. Perhaps Universal Laws have
recently changed, throughout our known and
vast universe, since earning my degree.

A mirror like finish on fingernails would
have an interesting effect, yes?

Purl Gurl

---

Clearly, I am of the type to bring your
battle to you. Do you think me a classic
shrinking violet?

My presumption is you would rather not
discuss this recent Ibiz SEC filing.

Purl Gurl

I am enjoying all these new Universal Laws
you are creating.

Perhaps you are confusing our ability to
"freeze" electricity within solidified
hydrogen?

PL, have any comments you would share
about this recent Ibiz filing?

January 18, 2001
Scientists Bring Light to Full Stop, Hold It, Then Send It on Its Way
By JAMES GLANZ

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Related Articles
• In a Major Breakthrough, Danish Physicist Slows the Speed of Light (February 18, 1999)
• Physical Science: Physics
• Physical Science Home
• Science Home
Forum
• Join a Discussion on Science in the News

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The New York Times

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esearchers say they have slowed light to a dead stop, stored it and then released it as if it were an ordinary material particle.

The achievement is a landmark feat that, by reining in nature's swiftest and most ethereal form of energy for the first time, could help realize what are now theoretical concepts for vastly increasing the speed of computers and the security of communications.

Two independent teams of physicists have achieved the result, one led by Dr. Lene Vestergaard Hau of Harvard University and the Rowland Institute for Science in Cambridge, Mass., and the other by Dr. Ronald L. Walsworth and Dr. Mikhail D. Lukin of the Harvard-Smithsonian Center for Astrophysics, also in Cambridge.

Light normally moves through space at 186,000 miles a second. Ordinary transparent media like water, glass and crystal slow light slightly, an effect that causes the bending of light rays that allows lenses to focus images and prisms to produce spectra.

Using a distantly related but much more powerful effect, the Walsworth-Lukin team first slowed and then stopped the light in a medium that consisted of specially prepared containers of gas. In this medium, the light became fainter and fainter as it slowed and then stopped. By flashing a second light through the gas, the team could essentially revive the original beam.

The beam then left the chamber carrying nearly the same shape, intensity and other properties it had when it entered. The experiments led by Dr. Hau achieved similar results with closely related techniques.

"Essentially, the light becomes stuck in the medium, and it can't get out until the experimenters say so," said Dr. Seth Lloyd, an associate professor of mechanical engineering at the Massachusetts Institute of Technology who is familiar with the work.

Dr. Lloyd added, "Who ever thought that you could make light stand still?"

He said the work's biggest impact could come in futuristic technologies called quantum computing and quantum communication. Both concepts rely heavily on the ability of light to carry so-called quantum information, involving particles that can exist in many places or states at once.

Quantum computers could crank through certain operations vastly faster than existing machines; quantum commmunications could never be eavesdropped upon. For both these systems, light is needed to form large networks of computers. But those connections are difficult without temporary storage of light, a problem that the new work could help solve.

A paper by Dr. Walsworth, Dr. Lukin and three collaborators — Dr. David Phillips, Annet Fleischhauer and Dr. Alois Mair, all at Harvard- Smithsonian — is scheduled to appear in the Jan. 29 issue of Physical Review Letters.

Citing restrictions imposed by the journal Nature, where her report is to appear, Dr. Hau refused to discuss her work in detail.

Two years ago, however, Nature published Dr. Hau's description of work in which she slowed light to about 38 miles an hour in a system involving beams of light shone through a chilled sodium gas.

Dr. Walsworth and Dr. Lukin mentioned Dr. Hau's new work in their paper, saying she achieved her latest results using a similarly chilled gas. Dr. Lukin cited her earlier work, which Dr. Hau produced in collaboration with Dr. Stephen Harris of Stanford University, as the inspiration for the new experiments.

Those experiments take the next step, stopping the light's propagation completely.

"We've been able to hold it there and just let it go, and what comes out is the same as what we sent in," Dr. Walsworth said. "So it's like a freeze frame."

Dr. Walsworth, Dr. Lukin and their team slowed light in a gas form of rubidium, an alkaline metal element.

The deceleration of the light in the rubidium differed in several ways from how light slows through an ordinary lens. For one thing, the light dimmed as it slowed through the rubidium.

Another change involved the behavior of atoms in the gas, which developed a sort of impression of the slowing wave.

This impression, actually consisting of patterns in a property of the atoms called their spin, was a kind of record of the light's passing and was enough to allow the experimenters to revive or reconstitute the original beam.

Both Dr. Hau's original experiments on slowing light, and the new ones on stopping it, rely on a complex phenomenon in certain gases called electromagnetically induced transparency, or E.I.T.

This property allows certain gases, like rubidium, that are normally opaque to become transparent when specially treated.

For example, rubidium would normally absorb the dark red laser light used by Dr. Walsworth and his colleagues, because rubidium atoms are easily excited by the frequency of that light.

But by shining a second laser, with a slightly different frequency, through the gas, the researchers rendered it transparent.

The reason is that the two lasers create the sort of "beat frequency" that occurs when two tuning forks simultaneously sound slightly different notes.

The gas does not easily absorb that frequency, so it allows the light to pass through it; that is, the gas becomes transparent.

But another property of the atoms, called their spin, is still sensitive to the new frequency. Atoms do not actually spin but the property is a quantum-mechanical effect analagous to a tiny bar magnet that can be twisted by the light.

As the light passes through, it alters those spins, in effect flipping them. Though the gas remains transparent, the interaction serves as a friction or weight on the light, slowing it.

Using that technique, Dr. Hau and Dr. Harris in the earlier experiment slowed light to a crawl. But they could not stop it, because the transparent "window" in the gas became increasingly narrower, and more difficult to pass through, as the light moved slower and slower.

In a recent theoretical advance, Dr. Lukin, with Dr. Suzanne Yelin of Harvard-Smithsonian and Dr. Michael Fleischhauer of the University of Kaiserslautern in Germany, discovered a way around this constraint.

They suggested waiting for the beam to enter the gas container, then smoothly reducing the intensity of the second beam.

The three physicists calculated that this procedure would narrow the window, slowing the first beam, but also "tune" the system so that the beam always passes through.

The first beam, they theorized, should slow to an infinitesimally slow speed, finally present only as an imprint on the spins, with no visible light remaining. Turning the second beam back on, they speculated, should reconstitute the first beam.

The new experiments bore those ideas out.

"The light is actually brought to a stop and stored completely in the atoms," Dr. Harris said. "There's no other way to do that. It's been done — done very convincingly, and beautifully."