I was looking at EONC a little closer today. Trading the stock has been decent but I am not so sure about long term like I was originally thinking. I would appreciate yours or anyones comments on a few thoughts.
1. Although revenues were up nicely from last year same quarter growth from the previous quarter was a mere $4000.00 (5,039,000 from 5,035,000). Safe to say that would be less than 1%.
2. Cash or equivalents were up 80,000 but receivables jumped 801,000.00 along with payables increasing $479,000 (3,836,000 - 1,361,000 and 1,996,000). Payables increasing with more revenue or with inventories increasing would make sense. However, inventories were down $73,000 and revenues were flat??
3. Lastly, is it just me or does the China craze in the telecom sector seem like the internet craze? Companies are putting it in their press releases but is it of any value?
>>The pending acquisition of NeoMecca gives us a firmer foothold to capture contact center market share in South Korea, and we are now positioned to exploit growth opportunities in Asia - especially China."<<
I ma not sure what growth opportunity exists for them in China based on what they offer...
" leading provider of unified voice, e-mail and Web-based communications systems and software for customer contact centers and general business applications. eOn helps enterprises communicate more effectively with customers, convert inquiries into sales, and increase customer satisfaction and loyalty."
Does anyone see potential for their products in China? |
