WINTER PARK, FLA. (Feb. 19) BUSINESS WIRE -Feb.
19, 1999--Innovative Holdings & Technologies, Inc.
(OTC BB: IHTL), has entered into a strategic internet
software development partnership with the Interface Group,
Inc. of Palm Harbor, Florida.
Group Inc., a developer of next generation internet
messaging software, will launch their revolutionary
technology on IHTL's new Global Sports Network (GSN). These
technologies merge audio, video, mechanical and physiological
data captured at live sporting events and provided by
GSN's subsidiary, Xtreme Telemetry Systems. Global
Sports Network, "the total internet sports experience,"
will be able to use these new technologies to provide
virtual, real time, participation for internet users with
sporting events, user-friendly on-line games, e-commerce
and face-to-face audio and video chat rooms.
Check out IHTL.
PBY, the Indy Racing
league and IHTL are teaming up to bring both car data,
speed, rpm, g-force and physiologic data of the driver,
heart rate, respiratory rate, grip pressure to both TV
and the Internet.
IHTL appears to be a very
exciting company. They technology that will bring real
time telemetry to all sports. Sponsorships revenue is
suppose to be substantial.
Ultimately it is the public who decides. People
can rail on one bad experience they had, or
conversely how much they like doing business there (like
me), but ultimately the court of public opinion will
decide whether PBY(or any biz)is successful by casting
their votes (dollars). PBY has been very good at making
sales, and if they can figure out how to hold on to the
bottom line should do well for themselves and their
investors. I just feel that they are uniquely positioned as
the only real alternative to dealer shops where a
customer can buy parts as well as get the work done. I do
love the recent posts by Lillian Jean and
EyeAmWatching, both of whom obviously care about the company and
have history there. There is a certain urgency felt in
these posts (and I share the belief) that PBY mgmt has
got to get the business under control, figure out
where their place is in the automotive industry, and be
the best they can be in that place. No investor can
ask for more. And I love the recent tone on this
Yes, but PBY has a problem in that they are
concentrating on a segment of the industry that is loaded with
potential landmines. The car repair industry has had a bad
reputation for so long that the customers' perception of it
is by default negative. People hate going to a
mechanic almost as much as they do going to a dentist.
Yes, cars are getting more hi-tech. What does that
really mean? They are getting so sophisticated that they
(the cars) can do most of the diagnosis of what is
wrong. What is the difference between a DIY'r and a
mechanic repairing a car? The mechanic has the knowledge
in his head or on a computer to quickly pinpoint the
potential faulty component and replace it. He has the
expensive tools to aid in the diagnosis. Not talking about
major repairs here. Just things that a DIY'r could do
if he had the knowledge and confidence. The day will
NEVER COME that DIY'rs won't work on their cars. They
do it because of economic neccessity or they do it
because the can and want to. If an auto parts store can
give the customer the knowledge to preform the repair,
and that customer is confident that he / she can
actually do it (a relection of how well they were educated
to do the repair) then they will do it, and return
again when they need help. The parts biz is a "service"
industry any way you look at it. You just need to decide
which segment has the smallest potential for unhappy
customers and then go BTTW for it. And YES!!!!!! a company
does need good NET profits to go with sales!
Since you know the auto biz, you no doubt also
know that what a lot of the really negative posters
say here does not make sense. They use a decline in
the DIY market to reason that Peps will not do well
in the future. While Peps certainly sells quality
hard parts for the do-it-yourselfer, they have techs
to install the parts. As cars get more and more
high-tech, I see Peps as being the more reasonably price
alternative to dealer shops. Further, the accessory market is
still the bastion of the DIYer (maybe the last), and
Peps sells the highest quality, best known brands for
this market. We just need good NET profits to go with
How enjoyable to read a literate, well-reasoned
(and correctly spelled) opinion on this board, rather
than the knee-jerk (emphasis on "jerk") pros and
You state the problems very clearly. The issue now is
(as I said in one of my initial posts) whether the
market will give them the chance to regroup, or simply
torpedo them for not meeting an EPS target that was
inflated to begin with.
This is a classic case of
a company that grew fast but didn't grow smart.
I've seen it at other companies; "top line is
everything and net income will take care of itself."
As many conglomerates built in the 80's are now
learning, better to focus on your core competencies than
have a finger in every pie and dilute your
efforts/attention. That's why the Exxon rumor is just smoke. With
gas at less than $1/gallon, why on earth do they need
to saddle themselves with a modestly profitable,
tenously related line of business?
pleased to see PBY dump the Parts USA stores. In fact, I
think they should retrench further, maybe sell off the
lowest-performing 50 stores. Lose half the VPs and all the
Assistant VPs; the managers who actually work for a living
are smart and dedicated enough to take up the slack.
If the wholesale business does not perform up to
expectations in 2-3 years, dump it. And buy back some stock to
get the price and EPS up NOW!!
Better to be
small and healthy than big and weak. Peps' best bet may
be to go private to recuperate for 5 years or so...
Happy holidays, and may the New
Year bring you health and prosperity.
You are correct in that I don't post under
several alias's. I am the one and only EnTheKnow. You are
however incorrect about my knowledge of PBY and the
automotive aftermarket. Because I need to maintain an vauge
identity in order to post on any message boards here, I
have to be somewhat reserved in the detail in which I
reveal my knowledge of events, etc. As with employees of
PBY (Philly_Girl, Nancy K., and others) there are
many others employed by my company that read these
boards. We all monitor the market for info and insight to
our business. In all, I monitor around 30 stocks,
both for business and personal reasons. I can not
afford to be mistaken as an "official" spokesperson for
my company, so I, as many others, choose to remain
"incognito". I could spill my guts on what I know but someone
close would put 2 and 2 together and come up with 4.
Not a very smart thing to do. Remember, a good poker
player keeps his cards close to his vest.
Pep Boys evolved over decades and was able to
expand and thrive by virtue of providing their workforce
with whatever was necessary to keep their customers
coming back for all their automotive needs. There was a
genuinely strong and honest ethic in treating all their
customers and employees with respect that set them apart
from their competition. That very respect incited
dedication and enabled Pep Boys to overcome the negative
standards and practices that had long been associated with
the automotive industry.
The sad fact is that
PBY is involved in a very competitive business and
the knee-jerk decision making that has become the
recent mode of operation will not and cannot yield
beneficial results. It's almost impossible to provide the
superior customer service requisite to generate consumer
loyalty, when you are focusing on the ranting abuse being
generated from layers of management who are mircro-managing
and are themselves, very out of touch with what is
required to operate successfully on a store
Top management needs to get off their collective
pedestal and view things from the trenches before they add
anymore to the pressure cooker environment that has
become the unfortunate reality as of late. The mass
exodus that has already taken place is staggering and I
don't feel it has yet come to an end.
is time to Wake Up and Open Your Eyes!
there is no doubt that, as an investment, PBY has
been a downward disappointment for the last year.
Despite record sales, present management has been unable
to post decent net earnings. This appears to be the
result of cleaning up "sins" of the past management.
WE'LL SEE, WON'T WE! By the way, you are NOT the person
I feel may hear from someone, unless you are
posting under other I.D.s. I do not think so, since the
writing style and verbage is different. I still don't
think you are in the know, however, at least about PBY.