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`TRADING TECH EXHIBIT 2329
`TRADESTATION v. TRADING TECH
` CBM2015-00179
`
`
`
`From:
`Sent:
`To:
`Subject:
`Attach:
`
`Unspecified Sender
`Friday, March 5, 1999 9:20AM
`trentm@sirius.com
`ePIT newsletter 3/4/99
`Richard Friesen (E-mail).vcf; ePIT Newsletter 990210.doc
`
`Trent .. I have added your name to the internal ePIT newsletter. Here is a text version of yesterday's along with a
`Word97 attachement of the previous one.
`
`Rich
`
`March 4, 1999
`
`UPDATE:
`
`We have started the patent process with Robert Sachs, our IP attorney at
`Fenwick & West. Bob is a very bright guy and a lot of fun to work with. He
`brings us a lot of experience and value to the patent process. It looks like
`we have a number of potential patents in the interface alone. We will be
`applying for patents on the most critical ones as Bob's time permits, and
`filing for additional patents as funding permits.
`
`A large part of this last couple of weeks has been devoted to system demos
`for the Pacific Exchange directors and members along with potential
`partners, brokerage institutions, potential employees and consultants. Tom
`has been improving the look and feel of the demo on a regular basis and we
`are receiving high marks for our design.
`
`Peter has honed in on the design of one of the community building aspects,
`the "PitPiace" and this has improved the people view. Tom has added dynamic
`gauges indicating relative buy/sell quantities between users, and the
`ability for each user to set badge display characteristics (fore/background
`color, badge name).
`
`In the server, architecture work continues on making the database access
`independent from the server so that it can be done via "plug-ins".
`Implementation continues on demo plug-ins for our internal database that
`will allow $$/credit limits to be set for each user in each pit and the
`server will then honor these limits.
`
`Steve Pettibone and I met with a Scott Sandell at NEA (Venture Capital) to
`discuss the use of ePIT as an exchange to create a secondary market for
`their IPOs. However, he was much more interested in talking about ePIT as an
`investment. The VC community brings a number of trade-offs. More later.
`
`On the Micro Cap market development, Steve Pettibone went to Washington DC
`to the RIBA (Regional Investment Bankers Association) annual conference.
`RIBA members account for about 80% of new issue underwriting activity in the
`10 million capitalization and under category. Steve was able to meet
`representatives from the underwriting and trading communities as well as 15
`presenting companies. In addition RIBA staff expressed acute interest in the
`activities of ePIT.
`
`On the personnel side, we have completed an agreement with Jeff Donovan
`(jeffrey@inworldvr.com) and Jeremy Friesen (rejemy@inworldvr.com) of
`InWorldVR in Sausalito to develop server plugins that allow access to
`real-time quote information. With this, derivative products can be created
`based on real stock market data. I expect this to be the start of a
`productive relationship with In World. Jeff and Jeremy will be working for a
`combination of cash and equity. [disclosure: Jeremy Friesen is my son. I
`have tried to hire him since graduation, but he kept turning me down. So,
`Rusty just hired his company :-) ] See the bio notes for more info on Jeff and
`Jeremy.
`
`RF0001809
`
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