Thursday, May 06, 2010 11:42:04 AM
Piper analyst says, "While we anticipate ramping R&D investment to support future growth, we believe Smith Micro is well positioned for strong growth trends due to its carrier customer ongoing 4G network upgrades and its expanding suite of wireless software offerings...Based on our increased growth expectations and higher gross margin assumptions, we are raising our 2010 proforma EPS estimate from $0.72 to $0.84 and our 2011 estimate from $0.75 to $0.98."
May 6, 2010 7:37 AM EDT
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