I own INSM shares and found it mildly disconcerting that it went down today despite recent good news and continued short and long term positive outlook. The fact that the markets went down yesterday and the undoubted fact that there are day traders here similar to the pests of summer are reasonable assumptions.
But I am also a shareholder of WGAT WorldGate Communications which is in the same price range and it also had good news recently. British Telecomm announced a deal to offer the WGAT Shadow Ojo videotelephone to its customers worldwide. The pps rose 19.7% on the news but retraced some until yesterday.
While INSM and the rest of the market were going down, WGAT recovered a few cents up on larger than normal volume, on no news whatsoever. Always good to see your stock go up on a down market day. Both WGAT and INSM have huge potential going forward. I am glad to be in both for the long term.
The BT deal will help WGAT lock in other deals with cable and telcos and VOIPs which are all seriously interested. Mototech, the Taiwanese assembler of the Ojos has become a distributor in Asia, with WGAT getting a cut of recurrent revenue for activation of the Ojos. Aequus will offer the Ojo free to the hearing impaired of which there are 8M. Over 300 retailers both brick and online are selling the Ojo across the US and the world since launch.
Intersonics, an ISP which uses BT lines, is offering the OJo free to new subscribers who sign 3 year deal.
See the Ojo and the Shadow Ojo at www.wgate.com under Products. The Ojo won Best of Innovations in Design and Engineering Award at the Consumer Electronics Show in Las Vegas in 2005. US Patent for Design.
Ojo offers 7inch diagonal LCD screen at eye level for natural face to face encounter with 30 frames per second and AUDIO SYNCHRONY and UNLIMITED WORLDWIDE VIDEO CALLS WORLDWIDE for just $14.95 per month service fee. $150 rebate good until end of this week best price at 101phones.com then search ojo.
Good place to begin DD is at www.ojoworld.com which has organized links. Ojo was a product placement on FOX network hit "24" seen by 14.8M viewers who never dreamed it would be on market. Now the Ojo and the Shadow Ojo are both in the box office hit movie Click with Adam Sandler seen last weekend by millions of moviegoers as Click was #1 at box office.
WorldGate was in deal with Motorola but they split in order to be able to lower the price of the Ojo.
Good fortune to long term holders of both INSM and WGAT
galt
