Siemens
While nobody argue that Siemens is not a powerful, solid company with an outstanding future, with respect I have to question the exuberance I see over this so-called "Stategic Alliance". The "relationship" between Siemens and FNTN is a Vendor - Client relationship, little more. Siemens may have taken a chance on credit worthiness here, but they are otherwise uninvolved in any risk. MS explained to me that Siemens has never before deployed the hardware now being set up for FNTN in the United States, but that it has been used to some extent in Europe. There is no suggestion of exclusivity, either, so one would expect to see this technology, if it offers advantages, to start showing up with other US clients. With systems like this, one would typically expect the client to outline performance specifications and the manufacture to not only produce but stage the systems at its own facilities. This has apparently been the case with FNTN.
Please don't take this wrong, it is a simple analogy, but the "relationship" between FNTN and Siemens is little different than the relationship between your local automatic car wash and the folks who make the car wash machines or, say, a laundromat and Maytag. To characterize it as a "Strategic Alliance" is a tad hype-ish, in my personal opinion, unless there is shared risk beyond technical performance and payment of invoices.
I do completely agree with comments made here about patience and the time it may take for FNTN to start to take off. For me, this puts FNTN near the top of my Watch List. I expect to own approximately 50,000 shares of this company if and when it finally begins to move and I will be perfectly happy with them anywhere under $1 if it does, since the investment will be long term in the truest sense. If you missed DELL at $5 three or so years ago, would you have been that upset today to have gotten in at 7.50? |
