Actions Semiconductor Co. (ACTS)

[fcpgalltheway]

$2.53...Here are some quotes from the last press release. They all sound positive and they always bring net profits for each quarter. The problem here is that with so many shares outstanding the profit per share is minimal--how do we correct that problem?? Does anyone believe that maybe this company waits until the price per share has gone down 50% or more before buying any shares--if they could buy 100 million shares at one dollar each that would be better than buying 50 million shares at 2 dollars!!

All I can see right now is that this stock cannot go any higher than it is now until the shares outstanding are reduced drastically by at least 100 million.

We expect rapid adoption of this new product, especially among domestic and international brand name customers," stated Dr. Zhenyu Zhou, CEO of Actions Semiconductor.

"Together with ATM7021, ATM7023 and ATM7029, the introduction of ATM7039 brings a more complete product offering to the tablet market that targets each segment, from entry level to high-end, and positions us to further penetrate the mobile Internet enabled multimedia market," added Dr. Zhou.

The company introduced ATM7039 at a press conference on September 25 at the Sheraton Shenzhen Futian Hotel.