Charles-
I've owned Socket for quite a while and am surprised that this board isn't more active. I am in full agreement that the first evidence of profits will move this stock.
Profitability for Socket, as we all know, has been elusive. Nevertheless, I remain optimistic for a number of reasons:
First, Socket's relationship with Symbol appears solid. Though we have known about the relationship for quite a while, first products were only introduced to Symbol's distributors in the last couple of months. It sounds as if interest is strong and we should start to see some small orders during 2nd quarter. Also, check out SenecaData's site to see Socket's high visibility at this site.
Second, we should start to hear about connections from PCS phones to hand held units over the coming weeks. Note the signed Memorandum
of Understanding with Bell Mobility "to develop and distribute Digital Phone Plug-in Cards in connection with the introduction, in 1999, of new CDMA digital telephones." It is my understanding that Sprint PCS will follow several months later. I think the potential here is huge for Socket shareholders. We are talking about A LOT of connections at what I believe is about $75 per unit.
Third, I expect to hear more and more about corporate LP-Ethernet card purchases. A decent sized order could push us into the black without any other developments.
Finally, have you checked any of the on-line retailers for Socket's products? Mobile Planet seems to be backordered quite regularly for a number of Socket's products. It also appears that inventory is turning over at some of the other on-line retail sites (CompUSA, PCZone, PCConnection, McGlen, and a few others). This turnover represents a significant change from a few months ago. Please check for yourself. I know these retail sales do not represent big numbers but I believe they do represent the leading edge for end-users. Corporate sales will follow in the coming months.
I agree that Socket has been "skimming close to the edge" but it appears that we have turned the corner. The apparent disinterest in the stock should change as the numbers improve (probably not until 2nd quarter).
Good products, a markedly decreased burn rate, and recent emergence of Windows CE bodes well for Socket shareholders. Good luck.
RC
|
