WebTech Wireless Inc WEWWF

Tech Roundup write up by Gaalen Engen

[billbarilko]

see this opinion piece that looks pretty accurate. The telematics market has never been in such a high growth mode and it will be interesting to see how many units WEW has added in the last quarter. There is really no excuse for stagnating in this market other than mismanagement. see Tech round up on stockhouse and quoting here "Webtech Wireless (TSX: WEW, Stock Forum) is spinning its wheels but going virtually nowhere in regards to building the company and growing shareholder value. They are positioned in an exploding fleet management software service industry that’s so new it’s nearly impossible to come by market metrics without dropping $4000 plus on an analyst’s report. The one thing that can be seen easily is that the tech is falling in price and increasing in effectiveness at a rate that is driving fleet managers to adopt new cloud-based software services in order to extract a higher rate of efficiency and reporting from their drivers. This company doesn’t seem to be capitalizing on the demand and, even though possessing channel partners like AT&T, Bell, et al, it has added less than 1,000 subscribers to the company’s client base. Not exactly a success story. What Webtech needs is vision and a determined board that will push it into a stable cash-positive position while continuing innovation within the sector to ensure market growth and increased shareholder value. Right now, the only thing it has is the beginnings of a fraud investigation into its UK branch and a history of mismanagement and legal woes. The painful part of the equation is the tech is still good and the sector is still growing. Shareholders can only hope that another entity within the sector buys up the stumbling company and boots the board and management."