Hipcricket Inc.(fka HIPPQ)

[Selett]

They didn't lose clients b/c of the regulations...what they said was that clients chose to stop marketing (ie - using HIPP) until the regulations are better understood b/c they didn't want to unintentionally violate the new FCC rules.

Regardless of that, MGMT should have informed shareholders that business was going to be negatively effected and they did a piss poor job of managing the business this past Q.

That said, this is a unique company with unique capabilities. I also found it interesting that the head of the board was on the call and mentioned they are 'exploring strategic alternatives' or something to that affect. I read that as 'we are quietly shopping the company'.

My buy out guess is around .70 per share in an all stock transaction with MM (possibly Yahoo).