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Re: Rawnoc post# 4950

Friday, 10/21/2011 2:07:53 PM

Friday, October 21, 2011 2:07:53 PM

Post# of 10805
SCKT...the ol' momo stock, eh?!! lol. I haven't had one of those in a long time. We aren't there yet. But, on the other hand, the HP Ipaq market in 2008 was $172M and 2009 was $85M. SCKT's Somo isn't going to do those numbers, but, as the CEO of CF (SCKT's largest distributor in Japan) said:

"The SoMo 650 is a fantastic replacement for the HP iPAQ 200 series," said Mamoru Tadaki, CEO of CF Company Japan, a leading distributor of business mobility products in the Asia Pacific region. "We're seeing a lot of our customers either making or preparing to make a transition away from the iPAQ, and there's a high demand, particularly in the healthcare industry, for a PDA solution that's both durable and lightweight, and that has excellent Wi-Fi coverage within a 'four walls,' campus-style environment," said Tadaki-san. "With the additional benefit of being available with an antimicrobial case, the SoMo 650 is the preferred device that we recommend for our healthcare customers."

Socket's Somo replaces the ipaq exactly (except with some added improvements). SCKT also has nice set of medical device manufacturers that use their computer as the basis for their instruments (ex. EPOC blood gas analyzer).

$10M/quarter (with scanner sales added in too) makes this stock a multi-bagger.
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