David Rosenthal: belief

Transcript context

…Right. Instead, they're focused on this OmniNet deal. They focused on this. They also have a lot of the business relationships already from the previous iteration of what they were doing at Linkabit, including with Walmart and many of the other large companies and retailers. I believe Schneider trucking becomes actually the first customer I think for that. They worked on building that. It becomes pretty clear like this is going to be the interim main product. Qualcomm and OmniNet merged in 1988. They raised $3.5 million in funding as part of that. They bring the product to market at the end of 1988 as Omnitracs. People might have heard of it. It was part of Qualcomm for a long time before, I believe, it ended up getting spun out to private equity. In 1989, in the first year of business for Omnitracs, they do $32 million in revenue in 1989. It's like inflation adjusted $100 million.…

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