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[southacresdave]

SCKT: new products by their billion dollar partners, Square & NCR

NCR just teamed up with Vantiv (VNTV, $3.4B marketcap) to offer the NCR Silver platform and hardware (which only uses Socket's scanners for customers that want one) to Vantiv's credit card and merchant processing business.

"Research by McKinsey and Company shows that up to 50 percent(2) of small and medium-sized businesses are considering moving to a tablet POS or mobile POS system. With more than five million(3) small-to-medium sized businesses in the United States, the strategic relationship between Vantiv and NCR provides expanded reach and distribution capabilities that capitalize on this trend."

http://finance.yahoo.com/news/vantiv-ncr-bring-powerful-mobile-120000998.html

Square just announced the "Square Stand". It's their newest product to make the iPad the replacement for cash registers. A barcode scanner can be integrated into it (and the only one listed on Square's page under "compatible hardware" is Socket's scanner).

http://www.usatoday.com/story/tech/2013/05/14/square-stand-ipad/2158147/

Socket's balance sheet isn't the prettiest, but other than that, this frickin' little company is lining up partners that will make it a winner. Sales of 7ci scanners (their most popular unit) are going exponential. The last 3 quarters were: 1200 units, then 2400 units, then 6000 units, should be over 10K units this qtr. If they close the Japanese deal, 3rd and 4th Q will approach 15-20K units. Tablet based point of sale systems are the future and Socket has the partners that will do all the selling for them.