A BOUF..gotta to watch this one... I own it..and think upside can be very very nice..
Here is what Alert Investor had to say today (10/18) about SCKT:
This week's pick, Socket Communications (SCKT,1 13/32,BB) has developed a powerful set of building blocks that make it possible to bring new products to the hand-held market quickly, run them on multiple host platforms, and package them at low cost. The company just started shipping its Socket In-Hand Scan Card, a matchbook-size plug-in card with an integrated laser scanner for Palm-size PCs, hand-held PCs and pen tablets that use Microsoft's Windows CE operating system. Socket's Universal Bus Interface allows their plug-in products to work with any PC Card or CompactFlash CF+ host. Socket has incorporated the Universal Bus Interface into several custom chips.
SCKT has 10.6M shares outstanding, and about 2/3rds are in the float. They completed a small private placement last month, for working capital. The stock has been in a strong uptrend for the last 2 months and is about to take out the last resistance at 1 5/8. The September quarter's revenues will only be about $1.5M, due to delayed shipments caused by the earthquake in Taiwan, with a 3c loss per share. However, we will see fast growth in shipments from this point forward and they will be profitable next year.
Given a little volume this week, SCKT can be expected to move up to the $2 area. I would hang on at that point, since the industry group is just heating up and there are not many credible small players, especially with nice charts like this. Check it out for yourself. |
