Bob,
I follow their news very closely and talk to the company from time to time. Some of the rumors I picked up is from out of the country. The money you refer to is from Germany, and nobody gives this kind of cash without a good business plan.
If you'll look on the last news from them, their CEO promises SEVERAL new products by Christmas.
This company is the best tailors for the Emperor's new cloths. They took the entire industry for a ride on a vaporware, to the tune of millions of dollars, alas, the FTC did not let them keep the money. If they can sell hot air for $10M, they can sell real products for much more. They know how to market.
I noticed that they added about 5 top executives, outside independent critique for Q.A (to fend off noise from the technical journals community that will test them VERY HARD next time around) and some superstars in marketing. All that is missing is the products to sell. The recent announcements of new products are all garbage products, old news. Read last wee's "information Week" article about it.
I think that they either have something hot in the pipeline or they will acquire a product line and turn their company to what they do best: marketing.
Their new VP for sales is one of the best plugged persons in the software sale channels industry. (was in charge of most of the software Computer City sold). He would not have left Computer City if he had nothing to sell. I have a very strong feeling that they have some aces in their sleeve. read this:
"Rainer Poertner, commented, Jon brings tremendous industry insight, valuable relationships and creative talent to accelerate the launch process for the several new products that Syncronys will introduce between now and Christmas."
he can't be more clear without getting SEC on his tail, can he? Plus, take a look of the volume. About a week ago it was over 1,000,000 shares in a single day. Someone knows something! Buy it while it's steal at $1.50 and continue your payer...
good luck,
A. Sarig |
