WW ERG might still sink in the Sydney streamComments: -- ERG smartcard stuff2

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Subject: WW ERG might still sink in the Sydney streamComments:

Author:
from wonder fanny in reply
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Date Posted: 06:01:52 02/09/03 Sun

Name: Sabretoothed
Location: Melbourne, Vic Australia
Date: Sunday, February 9, 2003 at 9:49:00 AM
Subject: Re WW ERG might still sink in the Sydney stream
Comments:
The Sydney contract is still not signed though. ERG was preferred tenderer by NSW Government in 1999 and still the contract is not signed. Even if it is, how much will ERG make from the contract? Thus, there is a double uncertainty here. Firstly, does ERG get the contract. And secondly, how much must ERG "give away" to get the contract - in other words, will the contract be worthwhile for ERG's shareholders? Will ERG's shareholders see a return from the contract? Furthermore, is ERG's future pinned on the NSW contract? Hopefully not for its shareholders, but only time wil tell.

I find it strange also that you are so happy about the massive dilution in shares that will occur shortly. I think that if all people believed in their directors as much as you do they would have as much money as Michael Jackson and live on ranches named Neverland.......

I think ERG is going taking its shareholders on a joy ride, but its one of those rides that you feel sick at the end........

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Replies:

Subject Author Date

Re:HI--ERG is the preffered proponent for Sydney. (NT) It is not past tense---present tense. 06:04:01 02/09/03 Sun

Re true Sydney contract waiting to be signed, have posdously (NT) -- on that matter., 06:05:34 02/09/03 Sun

Re: Sydney is outsourced along with San Francisco and Seattle (NT) -- the entity will receive a sum up front., 06:07:22 02/09/03 Sun

Re: Sydney improves free cash flow (NT) -- ITS100%controlled/ postive effect/financials/immediate/sense, 06:12:51 02/09/03 Sun

Re: over the full term of the Sydney contract (Melbourne is worth 250mill still approx--source -- remaining 5 yearannouncement dated.30/5/2002, 06:17:57 02/09/03 Sun

Re: yes 100% now of ITS--instead of halvies with MOT -- 13/8/2001-----ITS is the preffered tenderer not ERG, 06:27:32 02/09/03 Sun
On 10 August 2001, the Government decided that contract -- negotiations should proceed with ITSL informed 11/8/01, 06:35:33 02/09/03 Sun

Mr Fogarty stated budgeted tostart in Augustunlikely Oz I.T. -- start until January or February.0329 November 2002,, 06:39:35 02/09/03 Sun

P Fogarty was reported to have stated at the ERG AGM 28/11 -- Australian I.T.29/11/02 Sydney unlikely till Jan Feb 03, 06:43:03 02/09/03 Sun

It bought out MOT--IT now owns 100% ITS. -- By Reuters13 August 2001it was a joint venture it MOT, 06:49:05 02/09/03 Sun

off subject of syd -- Trimphant Lch/ProtonUSA PWI control15/3/02, 06:56:51 02/09/03 Sun

Re: off subject of syd � 7.94.10 Oct4thU.S. S&P 500 775.68 July 24th -- Previous bottom S&P 500 775.68 July 24th 2002, 07:00:05 02/09/03 Sun

More than 750,000 people catch trains in Sydney each day. -- Another 750,000 catch buses.12/8/01, 07:17:20 02/09/03 Sun

28/3/01 10:59:49 PM 3356870 -- Cubic already plays a major role in Sydney's transport, 07:21:43 02/09/03 Sun

MIFARE contactless smart card technology for the Beijing One Card -- MIFARE contactless smart---interesting pork, 07:24:41 02/09/03 Sun

Re: ERG to develop Smart Card for tollway 24/5/01 -- Hi Blue I hope you are well---Steve, 07:31:08 02/09/03 Sun

Re: The new joint venture will allow the Dutch banks -- Dutch banks 18 million contact smart cardspast 5 years., 07:35:47 02/09/03 Sun

Re: tell you the truth Sabre--I'm more interested at the moment in (NT) -- finding Losts comments on Mifare LOL--Syd worth heaps., 07:39:06 02/09/03 Sun

Re: sclumhamburgers interesting pork and lost -- Proton CC Duo contactless (Mifare ISO 14443), 07:50:22 02/09/03 Sun

Mifare 85 % of all contactless smart card schemes, -- ISO/IEC 14443 A, Philips80 million card ICs, 08:02:26 02/09/03 Sun

for a reason (NT) -- yep ERG needed to upgrade South East Queenslandvegetable, 08:04:30 02/09/03 Sun

Subject	Author	Date
Re:HI--ERG is the preffered proponent for Sydney. (NT)	It is not past tense---present tense.	06:04:01 02/09/03 Sun
Re true Sydney contract waiting to be signed, have posdously (NT) -- on that matter., 06:05:34 02/09/03 Sun Re: Sydney is outsourced along with San Francisco and Seattle (NT) -- the entity will receive a sum up front., 06:07:22 02/09/03 Sun Re: Sydney improves free cash flow (NT) -- ITS100%controlled/ postive effect/financials/immediate/sense, 06:12:51 02/09/03 Sun Re: over the full term of the Sydney contract (Melbourne is worth 250mill still approx--source -- remaining 5 yearannouncement dated.30/5/2002, 06:17:57 02/09/03 Sun Re: yes 100% now of ITS--instead of halvies with MOT -- 13/8/2001-----ITS is the preffered tenderer not ERG, 06:27:32 02/09/03 Sun On 10 August 2001, the Government decided that contract -- negotiations should proceed with ITSL informed 11/8/01, 06:35:33 02/09/03 Sun Mr Fogarty stated budgeted tostart in Augustunlikely Oz I.T. -- start until January or February.0329 November 2002,, 06:39:35 02/09/03 Sun P Fogarty was reported to have stated at the ERG AGM 28/11 -- Australian I.T.29/11/02 Sydney unlikely till Jan Feb 03, 06:43:03 02/09/03 Sun It bought out MOT--IT now owns 100% ITS. -- By Reuters13 August 2001it was a joint venture it MOT, 06:49:05 02/09/03 Sun off subject of syd -- Trimphant Lch/ProtonUSA PWI control15/3/02, 06:56:51 02/09/03 Sun Re: off subject of syd � 7.94.10 Oct4thU.S. S&P 500 775.68 July 24th -- Previous bottom S&P 500 775.68 July 24th 2002, 07:00:05 02/09/03 Sun More than 750,000 people catch trains in Sydney each day. -- Another 750,000 catch buses.12/8/01, 07:17:20 02/09/03 Sun 28/3/01 10:59:49 PM 3356870 -- Cubic already plays a major role in Sydney's transport, 07:21:43 02/09/03 Sun MIFARE contactless smart card technology for the Beijing One Card -- MIFARE contactless smart---interesting pork, 07:24:41 02/09/03 Sun Re: ERG to develop Smart Card for tollway 24/5/01 -- Hi Blue I hope you are well---Steve, 07:31:08 02/09/03 Sun Re: The new joint venture will allow the Dutch banks -- Dutch banks 18 million contact smart cardspast 5 years., 07:35:47 02/09/03 Sun Re: tell you the truth Sabre--I'm more interested at the moment in (NT) -- finding Losts comments on Mifare LOL--Syd worth heaps., 07:39:06 02/09/03 Sun Re: sclumhamburgers interesting pork and lost -- Proton CC Duo contactless (Mifare ISO 14443), 07:50:22 02/09/03 Sun Mifare 85 % of all contactless smart card schemes, -- ISO/IEC 14443 A, Philips80 million card ICs, 08:02:26 02/09/03 Sun for a reason (NT) -- yep ERG needed to upgrade South East Queenslandvegetable, 08:04:30 02/09/03 Sun