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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: cabernetfranck who wrote (9326)	6/23/1999 5:02:00 PM
From: gizmo&jack	Respond to of 108040

SCKT is extremely undervalued. Everyone in the business world is going to buy these internet enabled wireless phones (which is basically what they are). And Microsoft will lead the way as they always do. This company reported $1.5MM in revenue for the first quarter in 1999, or $6MM on an annualized basis and has a market cap of under $10MM. Under 2X revenues WITHOUT MSFT DEAL!!! And I thought the undervaluation of CAOL was bad. This one takes the cake. And the warrant dilution stuff is no big deal anyway because (1) no dilution will even take place unless it hits $2.06 and (2) its less than $20MM which still leaves the company very undervalued especially since the additional funds would be quite valuable to the company as far as capital needs are concerned. I put this baby away in the buy and hold fund.