I'm not sure - that's what makes me wonder what really happened. I wouldn't think that a change from one broker from strong buy to buy would cause the stock to tank $7.
In terms of CA business, CidCo has some setbacks. The original caller id plan has been pushed back a couple months (I forget how many exactly) because, get this, there were too many requests from people who did NOT WANT Caller ID. A card had to be filled out, and on it you checked how you wanted caller id implemented - I believe the default was that it would always be enabled, you'd push some button combo to disable it. Apparently alot of people wanted it setup so that it was always disabled but could be enabled via a button combo.
At any rate, the point is that so many people did not want caller id that the phone company was forced to push-back the starting date because they couldn't finish processing all the requests in time. If they had gone ahead with their plan, people who did not want caller id would have had it anyway.
So - it's been delayed. Furthermore, I don't believe that Cidco has won the CA contract yet, but I'm not sure. The other bit that I notice is just flipping through the weekend ads for places like Target. They're selling caller id boxes already - not just cidco's, but others from competitors. I forget the pricing, I'll need to rummage and find it. But I thought that this was particularly interesting since cidco is supposed to be the caller id company yet nothing has really established it as market leader (from what I can tell).
Obviously this is quite a bit of non-technical information, yet I feel relevant none-the-less.
Thoughts? Anyone wanna run numbers? |
