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southacresdave

07/26/11 10:35 PM

#4454 RE: bbotcs #4453

bbotcs---weren't you the one who thought AAPL was a good at $80 a few years ago? lol.

SCKT--not worried about approval. The App Software package they released to developers for ipad/iphone was approved through Apple before release. It was stage 1 of the plan. Stage 2 is the release of an Apple specific handheld scanner. SCKT makes GREAT scanners already. Pepsi just bought thousands of their cordless finger scanners. They are highly rated. Apple will approve and allow it to be "certified". Not sure how different this one will be from their other models, but the market/speculators will hype it up.

Last week the stock went up intraday 50% on 50X normal volume on the App Software package. The price peaked and settled back down. I'm sure it'll do it again on the pr next month too.

SCKT may be a good short term flip on that alone, but long term it actually has just as much (or more) HUGE potential on their SOMO 650 replacement of the HP iPaq 200 series. They already are expanding quite a bit in the medical and hospitality fields. Now they will increase their market in businesses who don't want to pay the crazy cost of changing their software. They would just rather buy new hardware that is compatible.

It's a stock with risk but who knows how far it can play out. Here is a link to the transcript of today's CC Call. http://seekingalpha.com/article/282016-socket-mobile-ceo-discusses-q2-2011-results-earnings-call-transcript?source=yahoo

Long term potential: In the Q&A when the caller is discussing $50M/year and $1/year net income, the CFO isn't correcting him.