Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (81097)	11/11/2002 8:44:47 AM
From: Venkie	Read Replies (2) \| Respond to of 208838

Q: Mention a few of your tech specs. A: There's OpenWave Systems. It trades around 1.15 and has a market value of $200 million. Artesyn Technologies is about $2.50 and has a market cap of about $100 million. Quantum trades for 3 and has a $500 million market cap. Q: What's the OpenWave story? A: OpenWave has more than $1.25 in net cash on its balance sheet. It trades for about 70% of revenues, which is very cheap for a wireless software company. OpenWave makes the browser software and applications for you to receive and manipulate data on your cellphone. The investment story is that there is an upgrade cycle coming in cellphone handsets because of all the new data services, like e-mail, wireless instant messaging, games and pornography. So if the stock were to trade up to one times sales plus one times cash, it would hit $3 a share. That's a modest valuation for a software company. This is a stock that traded above 200 in the tech bubble.