extremely undervaluedmodems are 67% of revenue
modem growth is continueing strong with new releases
they are the market leader in modems
perception is strong with public to keep going wireless
cash flow positive
trading at only 22x future earnings (half that of peers)
shares at 23.79 is closer to lows (18.50) than to highs of (61.00) for year
shares only beaten down becasue of PALM TREO chip loss( short term minor issue as it was to give up that or get into SMARTPHONES THEMSELVES)
SMARTPHONES are the future i do have a TREO 600 and it is WICKED.. they dont even advertise it as having VIDEO capabilities( i have the whole Scarface movie compressed in KINOMA FORMAT) on a 1gb card as well as being a music player, i have MILES DAVIS KIND OF BLUE album on it which sounds crystal....
ANyways just sayong like i did from begining that the VOQ fone is very ugly indeed....but this is their first product..it looks like a pontiac AZTEK of phones...THE NEXT I hope they will LEARN and it will be spectacular where it could become a good portion of future revenue....it is now less than a percent and is already factored into stock price...
I originally bought this stock at 5bucks when everyone said it was a gonner and played it in and out up to 25 and a few other times after that ...i did not sit still to ride it straight to 60 unfortunately or i would be living on my own island in the middle of the pacific...
the market makers love this stock with low SO... the wild volatility is great for players...
anyways i see 30 by year end and perhaps 40 for a new year effect!