drops in price. There is no conviction to these drops and they are usually short in duration. The low volume allows Market Makers to drop the price through selling (market makers maintain their own positions) with the hopes of inducing others to panic and sell. The market makers even know where people have set stop losses and will sell to trigger them. This should be seen as a buying op and nothing more. In my opinion.
I see good business plan and good execution on FVC part. The VC infrastructure is being build up rapidly(Pacific Bell is promoting DSL with free installation and a low monthly fee of only $39. Subscribers have to wait 5~6 weeks to get hook up) If you are a true "investor", you should be happy with what's happening now. If you have extra money and can afford to take some risk, this's a good time to buy more FVCX, IMHO. To me, the really really good news was announced the other day when FVC announced that it will start selling software only CODEC via website in Q2/2000. In case you don't know, most new PCs now come with USB port. A decent digital camera now sell for less than $100 can be hooked into the USB port. Let's say FVC will sell its CODEC for $50(Whitepine CU-SeeMe sell for $69). Suddenly, one can have a very decent VC end-point for $150(assuming you have a PC that has USB port). Now you know why I don't like PCTL, PLCM or VTEL. Let's further assume you subscribe DSL or better and Qwest formally launches Click to Meet service in late spring, now suddenly you can enjoy all kinds of video services by summer time. Another real thrill will be for FVC to form a joint venture with someone with deep pocket(Q? AOL? Yahoo?) to play host of interactive video ISP. Something like RealNetwork(which is for streaming only) except FVC's is two-way interactive. With the interactive video player FVC and France Telecom developed, I do believe that this "Real-IA-Network" is a good possibility. Of course, this is all just my fantasy.