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Thursday, October 23, 2008 11:29:44 PM
About the only way of cost-cutting in high tech is letting people go. Looking at their SG&A it is lots of salaries and consulting fees. They are paying s/w consultants to develop s/w. If a company is in financial trouble one of the first things they do is cut the contractors. Cannot quite understand why they are paying consultants. Does not make sense. And the R&D expense is way too low. There are two critical resources in a high tech company; developers and salesmen. Everybody else is O/H to some extent.
The fact that they have revenue-generating restaurants is a powerful competitive advantage for them. Those restaurants also double as test labs.... very cool.
I would buy if they got to that range. When/if they became a self-supporting restaurant business with the hope of becoming a software company. Currently, I think they are dreaming... pulling the wool over our eyes. I would like to see canges... cost-cutting.
I would think that if they got to that range they would become a takeover target. Another poster, Greenband, explained the rules regarding a potential takeover. It wold be a boon for investors... That is something that I could foresee happening after this credit crisis is over.
Greenband's post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32591782
Acquisition
uWink is thinly traded and closely held - a relatively few number of shareholders control a large percentage of the stock.
Any attempt to buy a controlling stake would result in the stock price rocketing up. An entity would also have to file a SEC report once their stake was > 5% stating their intent. This prevents someone for surreptitiously acquiring a controlling stake "under the radar"
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