Here's the profile of the company:
Intellisync Corporation (
SYNC)
Formerly known as Pumatech, Inc.. The Group's principal activities are
to develop, market and support synchronization, mobile-application
development and mobile-application management or device management
software. The software products allow the exchange and synchronization
of data across diverse platforms, operating systems and applications.
This software enables consumers, business professionals and information
technology professionals to extend the capabilities of enterprise
groupware and vertical applications, handheld organizers or computers,
Web-enabled mobile phones, pagers and other wireless or wireline
personal communications platforms. The Group offers the products to
original equipment manufacturers, enterprise, retail and online
markets. On 01-Mar-2005, the Group acquired Tourmaline Networks, Inc.
The
company just reported 4th quarter results (why don't they all end the
year at the end of the year, as normal people do?
), which came 1 cent better than expected:
«Shares
of Intellisync Corp. (SYNC: news, chart, profile) soared 19.8% after
the San Jose, Calif., mobile device management software company
reported a fiscal fourth-quarter pro forma loss of $1.6 million, or 2
cents a share, a penny narrower than Wall Street's consensus estimate.
Revenue rose 18% to $15.7 million from $13.3 million a year ago.)»
We
have this subtitle on the press release of the company, issued on
Tuesday: «Intellisync Announces Fourth Quarter Results and Record
Revenue for Fiscal 2005
- Carrier Customers Fuel Growth; Q4 Revenue
from Carriers Increases 85% Over Prior Quarter, Accounting For 30% of
Total Q4 Revenue - Intellisync Becomes Platform-Independent Wireless
Messaging Leader in FY2005; Characterized By Record Subscribers,
Product Awards and Enterprise and Carrier Wins
8/30/2005 4:15:28 PM»
Seems
fine ... but what is inspiring me is the confidence of the CEO, read
this (and excuse me for so much copy paste on this recommendation):
"This
last fiscal year has been monumental for Intellisync," said Woodson
"Woody" Hobbs, Intellisync's President and Chief Executive Officer. "We
established Intellisync as the leader in platform-independent wireless
messaging and mobile software. We entered the carrier market
full-force, winning deals with some of the top worldwide carriers, and
growing carrier revenues by eight-fold for the year. We're very proud
of the fact that we've penetrated the carrier market achieving
substantial revenue growth with what we believe is an efficient and
minimal use of our cash. We introduced new technologies that we believe
will open up new markets for Intellisync and secured prestigious
industry awards and industry analyst recognition. The Intellisync brand
became well recognized by mobile decision-makers in big companies and
carriers around the world.
"And we're just getting started,"
Hobbs added. "The markets that we serve are growing rapidly and we
believe we are at the beginning of a new growth stage in the mobile
software industry. Our success in the carrier marketplace in fiscal
2005 has provided a terrific platform for our future, which we believe
will enable Intellisync to
achieve record revenues in fiscal 2006 and profitability within the next twelve months."
Keith
Kitchen, Intellisync's Chief Financial Officer, added, "The investments
we have made in products, operations and sales and marketing over the
last year are beginning to show dividends in our financial metrics. In
fiscal 2006, we intend to further optimize our execution and operations
and accelerate our pace of innovation that we believe will help
continue our leadership in the enterprise and wireless carrier markets.
We believe that our continued growth, combined with expected
operational efficiency, will allow
Intellisync to begin to report quarterly profit during our fiscal 2006."
Well,
their fiscal 2006 is already happening and these men are speaking very
loud, for anybody that wanted to listen. You know I'm deaf like a stone
so I didn't hear anything until the market, where hard earned money is
at stake, talked to me. The market spoke sound and clear, as you can
see on the chart below:
Longer term we have a rectangular formation breakout with a technical target of $5.91:
I will buy SYNC at tomorrow's open for the 3 Stocks on Fire Portfolio.
(
This
recommendation was made by David Randolph from 3 Stocks on Fire, and he
will update this analysis everyday after the close until he sells the
stock. The 3 Stocks on Fire Portfolio is up 148% since inception on 28th of April 2005.
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