Frankly, it's the first semi-intelligent communication I've seen out of Murphy; although, I still consider his opinions of little value. He is right, I believe, about one thing in particular. As I've stated several times previously on this board, TKO is very, very unlikely to do $25M in 2007. In fact, I doubt they'll get particularly close. If the company could bring itself to clearly articulate its prospects, the short-term revenue situation need not be catastrophic. However, if the company continues to a handful of brokers and their clients to mis-set expectations, then we're all in for more pain. I've seen nothing to indicate that we'll see any substantial dollars from GE in 2007. My interpretation of previous PR's is that they don't even expect to begin selling a product until Q3. Given normal delays and overly optimistic forecasts, I'd be happy if they started selling something with GE in Q4. The other markets just don't seem to be ramping anywhere quickly enough to generate much 2007 cash. We'd be seeing many, many more announcements (with specific dollars) if that were the case. There is no reason why most of their target customers (other than government-related ones) would be shy about announcing specifics of a deal. I see much promise in all of the markets they are currently pursuing, but that won't be reflected in the stock until two things happen: they set realistic expectations, then achieve/over-achieve them. Management credibility and an ever improving track record of predictably increasing revenues is what we need.
AI
