Re: ".. if Fonix really had some great technology"
We KNOW they really have some technology, it's a known fact not in credible dispute here. Buy a TravleRoute GPS product, for instance(it is powered by Fonix, it is state of the art in its industry, and the TTS/ASR functionality is particularly ahead of competitors and highly reviewed. There are dozens, as I recall, of testimonials on the Alk Technology/TravelRoute site describing the unique practical functionality of this product. GPS units like these will sell more than ever now that they've evolved so greatly, IMO. But ask Motorola, Panasonic, Hitachi, Wind River, Microsoft, and Etc, Etc. Etc., why they either already or are or are about to be facilitating the introduction of new products that include AutoSpeechRecognition/TextToSpeech by Fonix.
Re: "they would have been bought out by now, right??"
Well, no. They have not been bought out. That's kinda like saying "if it were a good idea for a product, somebody would have invented it already." It appears to be common sense, but is in fact SO often wrong.
Re: "I would like to know who is filling Mr. Dan B with such hopeful figures as multiple cents per share earnings..."
No one in particular. I see the revenue they've begun to generate with just a few of the products/applications in their pipeline having yet hit the market, and I GUESS at the potential future. I SPECULATE that given their obvious potential(based on current Quarterly Earnings and modest follow up on recent upward trend) to do 7-10 million this year without these additional revenues sources coming online. I SPECULATE that 50 million in Revenue is possible for a software company like this within a year or two. I see their current costs as being 20 million per year, including expenses necessary to provide for the bulk of the ability to deliver product and collect revenues that large. That leaves 30 million in profit. Dividing 30 million by say, 800 million shares outstanding(before the soon to arrive reverse split), I get 3.75 cents per share on my calculator.
One thing is for sure(in stark contrast to your assertion), the company NEVER in the past has had so many products from/through so many top name worldwide Companies about to be introduced. Whatever you may have thought of a deal or two that never amounted to much back when this IPO'd @ 8 bucks a share, if you can't see that the relationship/products now in existence, and the products expected soon, together amount to a confirmation of this technology FAR beyond anything in the past history of this Company, you aren't being honest. Now, while I may never know for sure who YOU are either, I never-the-less can assure you that I am a Joe Blow investor who is neither paid nor encouraged in any way by anyone, to say what I say here. This stock is risky as hell for many reasons including the advance of competing technologies, but for now, they've clearly got a potential edge over competitors in a significant way or two. If you wish to say I'm out of line here, tell Microsoft it is silly to pick Fonix for the X-Box platform, I'm sure they'll welcome your enlightening input, and cease and desist soon(though an X-Box Game or two with Fonix inside will probably hit the market first).
Dan B |
