Research Intensive Investing

Smith Micro: Profit from a Fallen Wall Street Story

Thanks for the comments. I omitted discussion of the Device Management group due to its currently small revenue; IMS has big potential but its still about a year off from meaningful revenue. Also, my impression is that the StuffIt revenue is booked under Consumer and Compression, but I could be wrong on that one. Suffice to say, there are tremendous growth opportunities, both now and in the future; I just chose to focus on those that are likely to drive growth in the near term.

As for taxes, management has guided to a 30% cash tax rate in 08'. I also could see this coming in lower, but I wanted to use the higher rate to be conservative.

Anyhow, sounds like we are generally both in agreement that there is a lot of growth here.