trueMagoo,
You are correct. Calypso Wireless has been a development stage company for a while. This is not unusual. They had to determine the technical feasibility, lay out the engineering approach, build their solution, test their solution, market their product. You get the picture. They have had to put in a lot of work to advance the company to its current position, and shareholder money I might add.
In regards to investing, it is the future that is important, specifically, growth. Over the next two years I believe that Calypso will successfully roll out their solution to more than a handful of companies around the world. This will result in revenues and earnings. This will cause the PPS to rise.
It is easy to look at the past of Calypso and become frustrated. Trust me I know. But, I believe the wifi/cellular convergence and dual handset market is finally here, and companies that are customers of Calypso, Kineto, Motorola, Nokia, etc. will want to capitalize on this type of innovation because they will be able increase their marketshare and realize higher margins because of this innovation. Also, I believe this technology solution is really a better opportunity more for the smaller mobile operators than the bigger ones. IMO.
Regards,
wampuscat
AI
