Another point to mention is that as of March 8th, ASPT's short interest was 1,470,000 shares.
I would assume that number might be different today (short interest is only measured once a month), but it is a significant amount of shares short.
Some of these shorts have taken positions in hopes of a selloff on ASPT's earnings announcement that came out yesterday. Once they see that the desired selloff isn't occurring, even with a ($0.19) op eps quarter, they'll be covering.
In the CC, they seemed very confident about the product(s) they're developing. Anybody notice they haven't named it yet, (like Intel has a code name for its chips under development)? They've only painted a general picture about the product(s) under development, understandably because why should they give their competition any more information than necessary.
Hints were made about strategic partnerships in the works, not only with small voice-data convergence companies, but with some larger players. I got the impression they didn't close the door on possible synergy with CSCO.
And, it seems obvious that there will be an ERP partnership with Oracle -- after all, they just hired two former Oracle execs and they mentioned that Oracle, SAP, et al, don't have experience in switches, etc. [that ASPT does]. |
