SCKT..Inventory numbers update...someone is expecting growth to start soon.
My last update showed in stock inventory numbers going from May 1rst of around 250 (total of all 3 N.A. distributors combined) to 1655 on May 30th. Phhht. Numbers now (as of last night) are 2790 scanners! I also track a few international sites and see scanner numbers there at the highest levels I've tracked yet too. If I compare this to the end of 1rst Q numbers, its now 3-4x that level or more, easily.
I know that it's not Socket that decides how much really goes into inventory, it's the distributors who put the orders in based on what they expect to start selling. Just for clarification, I'm not saying that sales I see are increasing at those kind of levels (actually I find June numbers to be just similar to May numbers), but someone is expecting sales to ramp up soon. It's interesting if nothing else. At least we don't have to worry about Socket being accused of being a poor supplier anymore or being so capital poor that they can't produce product. I asked the CFO during the shareholder's meeting if they had borrowed more money and he said they hadn't, it was just cashflow that is making things work.
Take this post for whatever it's worth, I just wanted to keep people up to date.
Dave
