Capstone Companies Inc (CAPC)

[rado]

From the conference call it sounds like the new product will be ready for presentation in Q2 to 2-3 companies for a limited release hopefully by Christmas. So no retailers are in hand yet. Then they plan to follow that up by showing at CES. Stewart expressed frustration that they haven't been able to do R&D as quickly as he would like, so this year they will be hiring a bunch of people for R&D so that they can increase this new product line and others. So I expect this upcoming year to be disappointing on the revenue and income side since we now know the new product won't be coming any time soon, and when it does get here it will be only a limited release if they can even get it out before Christmas. Sounds like they intend on repurchasing at least 1.7Million shares again this year and not spend any money on IR, though it sounds like Stewart will try to be more communicative. I don't remember him mentioning anything about new LED products either.