RE: SI rated "buy"....jpm
You talked about the valuation at 5-10 why not $2.75-$3.50.
I would be quite happy if Sirit were trading at $2.75/share and
if you look at recommendations by Harris ($3.00 I think)and Northern's at $2.30 $2.75 is quite possable.
Further Sirit makes $18 million (and growing) on the AVI side and lets say there Intel/Sirit products(as in more than one) kicks a$$ then Sirit could make big $ on the SCM side. Wal-mart needs 125,000 dock readers...lets say we get 20% of that order = 25,000 readers X $1600.00+- =$40 million not bad!
And this does not include other products that Sirit will bring to market and that's only one Co.that needs readers. I think (hope) Sirit problem is going to be keeping up with demand for there products.This is MO...