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Wednesday, August 21, 2013 1:40:04 PM
They addressed most of the points that have been brought up here since the revenue bomb dropped. At least they revised down the revenue projections for 2013. Did anyone notice that the revised estimates included litigation revenue? That tells me we will be coming in towards the bottom of the guidance since they said the current quarter currently matches the first six months which means we are at about $300K for 9 months.
Nothing really earth shattering good or bad. The fact that they think the MobileTrust beta will be out in a couple months and think the retail version will be available by the end of the year shows they don't have a firm grip on reality. The positive news is a major US carrier is already looking into incorporating part of the technology. That could be a big win but I'm sure there will be a good 6 month shakedown period after launch.
More promises. We'll have to wait and see if they deliver.
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