Marc and Scruff,
Marc, you're right - I'm neither long nor short fonix. Thanks for jumping in there for me.
Scruff, if Siemens were really excited, I would have expected a lot more money up front - so far, there's none. My bigger point, though, is that Siemens-fonix does not have this market to themselves, and now looks as though they won't even be first to market. At this moment, it has to be quite unclear that they will even be the market leader at any point. Besides SGS-Thomson/Lernout en Hauspie, Motorola is sure to be a player, almost surely IBM, and perhaps others - Microsoft (also allied with LHSPF), Intel (who has announced a segment of their company devoted to this type of application) and other big players. Siemens' $63 billion doesn't look so dominant in that kind of a crowd. So I'm willing to accept that fonix has something, that Siemens likes it enough to take a gamble on it, that they may come to market with something, and that fonix may make other similar deals. I just can't buy that all that adds up to much in the way of EPS for a company with nearly 60 million shares outstanding, and a high likelihood (IMO) that they will get no more than a sliver of the pie.
"As far as I'm concerned any money is more than they have in revenue now."
Well that is certainly a fact, but perhaps where you and I part company is that you apparently think that is a significant accomplishment, and I don't.
Bob |
