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Technology Stocks : GWRX Leader in Smart Phone Market

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To: AnnieO who wrote (711)12/7/1998 7:21:00 PM
From: big bird  Read Replies (1) of 960
 
Hi Annie,
IMO Wall street does not yet see the value of Geos new software Premion. Essentially, you will be able to use your cell phone like you do your PC to get information from the Web. Not for computing though. IMO the stock is this low for three reasons:1. Wall street expected the company to turn a profit in this fiscal year ending Mar. 1999. the co. now expects to begin making money in fiscal 2000. 2. Everyone interpereted the forming of the Symbian Alliance as a negative development to Geos. In actuality, Geo made a conscious decision to move away from high end phones in favor of enhanced phones and other mobile communications devices, This strategy is just beginning to be unfolded and according to the CEO, he expects to sign more partners in the near future. 3. Tax loss selling could be keeping the price down. This stock was double didgits earlier in the year.
Hope this helps.
Art
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