I gotta hand it to these guys.
They have managed a tidy little pump (no doubt with an associated dump to come) on their VoIP ploy.
It seems like this company is always on the verge of delivering a product that addresses the most current industry hot topic. First, it was "last mile" and according to the 2004 SHM presentation, "Embarq" was aimed at the business end of the spectrum. Of course, that terminology was abandoned for "triple play" that became directed at the home user. Then, it became a "video-over-copper DSL chip", exploiting the HDTV craze. Now, they add VoIP to the mix. All without ever delivering anything except stolen images.
I have been scratching my head thinking about how they will manage to get "nanotechnology" and "hydrogen fuel cell technology" into the next PR.
On a related note, they sure seem to be pushing the limits of "safe harbor". There is a difference between "forward-looking" statements and outright lies. The filings clearly state that they do not have anywhere near the money to actually make a production chip, nor do they have any prospects for raising that money. Yet, they proclaim in a PR that they expect to produce an ASSP on 2Q without any qualifications about funding.
For those of you who have been holding out for a bump in share price, I suggest you get out now. As has been typical of these orchestrated pump routines, a large dump will follow.
AI
