I just doubled my position in INSP....
Next week I believe it could start to really move. Management's new guidance and the Fed's comments could provide the fuel to help this firm start to rebound. I believe that INSP is WAY OVERSOLD....
Best Regards,
Scott
______________________
BTW, here's a great article on wireless:
Wireless Web Set For Exponential Growth
(02/08/01, 9:25 a.m. ET) By David Cassel, MBizCentral
InformationWeek.com
HORSHAM, Pa.—The wireless devices industry got some good news with the
results of an adoption and usage of wireless devices study by the
interactive products and services group of Taylor Nelson Sofres Intersearch.
The numbers point to the explosive adoption that characterized the online
market, said Brenda McFarland, senior vice president of TNS Interactive.
"It reminds me so much of the Internet five years ago," McFarland. "It's
just starting. People are just starting to use the technology, getting
comfortable with it. Websites are just starting to develop applications for
them. It's in its infancy at this point. It'll keep growing and it'll be
like the Internet as it is today."
The study found 7 percent of U.S. households have someone accessing the
Internet using a mobile phone. And 4 percent have someone accessing the
Internet with a PDA or handheld PC. Eleven percent of the respondents said a
household member is planning to buy a wireless Internet device this year.
McFarland said that the adoption rate could be even higher since the phone
surveys exclude respondents under the age of 18. Interviewers targeted 1,022
randomly selected households in 48 contiguous states, weighted to match
census demographics about age, sex, education, and race.
The Web device owners surveyed tended to be young, affluent males, 18 to 34
years old, with a household income of $100,000 or more—which doesn't
surprise McFarland.
"Men were also the first ones to go online and start using the Internet,"
she said. "When I first started in the industry about five years ago, it was
about 80 percent male."
The 11 percent planning to purchase a wireless Internet device this year
also skewed more heavily toward men.
Determining what percentage of the population is accessing the Internet was
just the beginning. The study also generated statistics on how it is being
used. Most said they are wirelessly accessing the Internet for personal use.
Reflecting the youthful demographics, a significant percentage also
identified schoolwork as one of their uses.
And for specific applications, e-mail was the clear winner, with 69 percent
of respondents saying they access e-mail with their wireless device,
compared with 32 percent who said they used it for the second-most popular
application, research. Games and news came in with 26 percent and 25
percent, respectively, with sports scores at 20 percent and stock quotes at
19 percent.
Mobile commerce fared surprisingly well, with 19 percent saying they use
their wireless devices to make travel arrangements. Shopping came in
slightly higher at 21 percent. And 8 percent use their wireless devices to
pay bills.
Based on the research, McFarland predicts that the adoption rate for
wireless Internet devices will increase exponentially, just as it did in the
early days of the Internet. And she thinks usage patterns will expand, too,
since as in the early days of Internet access, e-mail is just the first
application people think of.
"Once they start exploring and seeing all the applications, they start using
it for other things," she said. |
