OK, good try on that 100 words, Mr. Stitch. So, tell me if I have this right, and take no offense if I have it wrong, please.
You (we) don't know, dare not even speculate, who the customer of Voice over Internet Paradise (VOIP) will be, nor how much the customer will pay.
We don't know what future revenues look like but we do know that both operating and capital costs will be much, much lower than the Regular Old Phone Guys'(ROPG's) costs. Therefore, Voice over Internet will grow, the voice communication market will grow and the ROPG's will shrink.
IDTC appears well-positioned to be a vibrant player in the VOIP future. If it's a player it will somehow or other be profitable sufficient to justify a much higher market capitalization than it currently sports.
tongue in cheek, of course, but is this it, basically?
I have a feeling that this is how technology investments are justified... a far cry from my provable real estate type of analysis. If it will be a player, than pay a premium for it, unless it's already risen ten-fold.
I don't mean to sound sarcastic...just my nature... but how the hell do you value this thing. It's even harder than the normal internet retailer type to value.
But I have this feeling that you are entirely right and if we hold long enough we'll see a ten-fold rise.
peter
Thanks, Stitch..what is the price on Sime Darby? Rising by now I should think. I still watch the Ringgit every day. Take care. |
