I haven't seen anything from the company saying they wouldn't meet estimates, but more importantly, as alluded to in your post, the future is the key, and that is always the case with new companies. If this company was already successful, the market cap wouldn't be $400 million. By the time this company is filled with success, the greatest gains in price will already have happened. This is the time to put speculative money to work. The deals being made are for future revenue growth and a stock will always move ahead of the realized gains in revenue form these deals. Bluetooth has barely come on the scene. There are great expectations for its applications. Extended Systems appears to be in the right place, right now.
Also, it is prudent to comment that, again as you alluded to in your post, the volatility will be great with such a small float and in this overall market environment. Ups and downs will be exaggerated. The focus for me is how well XTND continues to make itself the major player, or how well it makes itself an attractive takeover target. Both avenues will provide a premium in the price. Wall Street loves pure plays.
Overall, the stock has moved nowhere since 12/99, but look at all the action in the middle related to the overall market swings.
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