SCKT, Trader, I listened to the CC as well, CEO was generally optimistic, and September is another seasonally strong quarter, so they should post a good number.
But its the December and March quarters that are poor. And my interpretation of what the SCKT CEO said in the CC, is that they had lots of initiatives which will improve growth going forward, but that we should not expect them to add too much near term...more help for mid/long term prospects.
Again, I think SCKT would have been trading closer to $3.50 without investors betting that the combination of the one-off Somo biz PLUS the seasonally strong quarter would allow SCKT to post earnings over .10/share, and that they could then sell into that pop.
So, if it was worth $3.60 before, then it makes sense to me that a disapoiting quarter would send it down 12 -15% from that level
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