Asia Dave,
Your questions are good for someone new to this board (like me). The word "speculation" has been used by others several time in reference to FTEL, as opposed to investment. This is not the type of stock Warren Buffet favors. Earnings in hand give you more confidence than a company built on promises.
But ... sometimes the promises pay off big. I've seen the "big news is just around the corner" talk for several months now. The latest message is "This time, it REALLY, REALLY IS just around the corner". I think that this is right. If the Tempest sales reports don't come in in January, FTEL will languish and only herculean efforts will keep it from sinking beneath the waves. If, however, the sales are there FTEL will rocket up. Stock pickers will have earnings to give them traction and that, combined with future promise of a huge potential internet telephony market will keep FTEL going.
Their technology is better than most, I've read about this but have not heard the phone calls. Atin on a telephony thread says that the FTEL superiority in technology can be matched eventually - maybe in months, not years, and that they don't have enough ports to make their machines as suitable for big players. FTEL has cleverly arranged to lick their own ice cream cone by establishing FNET to buy their hardware and then sell telephone calls. It's a neat idea.
I haven't been as impressed with FTEL's marketing skills. I guess it's good to concentrate on product and partners, but without good marketing you can still end up at the back of the bus even you're better at all the other squares.
January's going to be interesting. Hope this helps.
Bob. |
