RE: News. Need clarificationVPofFNE:
Management already said Q2 was going to be bad. Then they lowered guidance AFTER that. It's pretty clear. Don't buy hoping for a positive surprise!
If you don't like to take risks, please run the other way. Another strategy might be to watch what happens over the next 6 months, and see how it plays out before investing. When things are bad, not surprisingly the stock price is cheap. Wait for a huge turnaround and you'll pay more. This is a micro micro microcap. Lots of risk and no guaratees. Look at the stock price of RIM since November...wow, down 30%...not sure why you think PSP's SP should perform any better.