SMSI

[la-onda]

Short Interest Definition:

The total number of shares of a security that have been sold short and not yet repurchased. Some investors consider rising short interest a near term bullish indicator, since those shares represent imminent buy orders.

Days To Cover Definition:
A measurement of a company's issued shares that are currently shorted, expressed as the number of days required to close out all of the short positions. The number is calculated by dividing the aggregate short interest on a stock for the month by the average daily share volume for the same period. Also referred to as the "short-interest ratio". If a stock's price begins to rise significantly, investors who have short sold the stock will quickly begin to close out their positions (by purchasing shares off the open market), thus creating buying pressure for the stock and driving the price up even further. If a previously lagging stock turns very bullish, the buying action of short sellers can result in extra upward momentum for a stock and increased losses for short sellers who are slow to close out their positions. The longer the days to cover, the more pronounced this effect can be.

hope this helps 

[rbrychckn]

la-onda - I see.  So your statement was just that - a statement.  I was hoping for your own personal commentary on the matter, but what it amounts to is, that increasing short interest is still speculation on the part of longs AND shorts.  If the earnings call comes out positive, the momentum from shorts guessing wrong could make the stock go way up.  If the stock turns down, then they'll benefit from longs selling their shares.

[la-onda]

invested again @ 16.4$ 

[422fwhp]

invested again @ 16.4$ 

...we must be on the same page...in at $16.25

[la-onda]

crunch time today:
SMSI: To Release Q1 Results May 02 [AMC]
Tuesday , May 01, 2007 13:00ET

Smith Micro Software, Incorporated (Nasdaq NM: SMSI) is scheduled to release its Q1 financial results on May 02, 2007, after the close of the market (AMC).

CONSENSUS ESTIMATES:
Q1 Revenue: $17.42 million
Q1 EPS: $0.17 per share

PREVIOUS PERIOD:
Prev Q1 Revenue: $9.89 million
Prev Q1 EPS: $0.12 per share

[la-onda]

down to 14.75$ afterhours 

Smith Micro Software Reports First Quarter 2007 Results
Wednesday, May 02, 2007 16:05ET

ALISO VIEJO, Calif., May 2 /PRNewswire-FirstCall/ -- Smith Micro Software, Inc. (Nasdaq: SMSI), a developer and marketer of a wide range of software solutions for the wireless market, today reported its 2007 first quarter financial results.

    First Quarter 2007 Key Financial Results:
    *  Revenue increased to $17.7 million, up 79% year-over-year
    *  Pro forma net income was $6.2 million, up 113% over the same period last
       year
    *  Pro forma earnings of $0.20 per diluted shares on 30.7 million shares,
       compared to $0.12 per diluted share on 24.3 million shares for the first
       quarter of 2006
    *  Cash and cash equivalents were $94.0 million, up from $92.6 million
       reported at December 31, 2006

Financial Discussion:

"The first quarter was marked by continued execution on many key objectives for the Company," said William W. Smith, Jr., President and CEO of Smith Micro Software, Inc. "We made significant progress with our business case within our Multimedia business segment by signing both IUSACELL, one of Mexico's leading technology mobile operators, and one of the largest domestic wireless carriers, Sprint, for our solution to drive its new music data plan. We see these new relationships as a significant step in the Company's commitment to broaden and diversify our customer base.

Within our Multimedia business segment, we also launched our upgraded QuickLink Media solution, an intuitive, all-in-one solution that significantly expands our market reach. Our Sales pipeline remains strong and we continue to expect to sign on other new wireless carriers in 2007."

Mr. Smith continued, "We also reached a milestone for the company in announcing joint development with Kyocera Wireless in evaluating Smith Micro's Stuffit(R) Wireless resource compression solution for selected Kyocera mobile phone slated for release in 2008. We believe our solution is uniquely attractive as it provides the handset manufacturer a strong return on investment, while providing the end users an enhanced experience. We continue to have discussions with several other large handset manufacturers and look to announce additional wins in the future."

Mr. Smith concluded, "We are pleased that our QuickLink Mobile solution had another strong quarter, and we see market trends favoring continued growth in this area as the CDMA carriers roll out the EVDO-REV A service, and the GSM carriers move to HSDPA. Overall, we are exited about the progress Smith Micro has made at the start of a new year and we look forward to a successful 2007 as we continue to expand our portfolio of solutions through acquisitions and new organic technology developments. We expect to expand and diversify our customer base, pursue new markets opportunities, and continue to build upon our leadership position in the wireless software space."

Smith Micro reported record net revenue of $17.7 million for the first quarter ended March 31, 2007, a 79% increase when compared to the $9.9 million reported in the first quarter of 2006.

Pro forma net income (which excludes amortization of intangible assets associated with acquisitions, stock compensation related expenses and non-cash tax expense) for the first quarter was $6.2 million, or $0.20 per diluted share, compared to pro forma net income of $2.9 million or $0.12 per diluted share for the first quarter of 2006. Fully diluted shares outstanding as of March 31, 2007 increased to 30.7 million as compared to 24.3 million shares outstanding as of March 31, 2006.

On a GAAP basis, which includes amortization of acquisition intangibles, stock compensation and non-cash tax expense, the Company earned $0.06 per diluted share for the first quarter of 2007, compared to $0.07 per diluted share for the first quarter of 2006.

[422fwhp]

selling?

[la-onda]

sold, because of better investment opportunities...
1)
SMSI: Rodman/Renshaw Cuts to Mkt Perform from Outperform; Analyst Notes
Thursday , May 03, 2007 09:08ET
Issuer: Smith Micro Software, Incorporated (NasdaqNM: SMSI)
Analyst Firm:  Rodman & Renshaw
Ratings Action: DOWNGRADE
Current Rating: Mkt Perform (from Outperform)
Analyst Comments: In the firm's opinion, Verizon's demands for Vista compatible offerings from SMSI pressured Q1 results and may lead to weaker 2007 performance.
Smith Micro Software downgraded to "market perform" - update
In a research note published this morning, the analyst mentions that the company has reported its 1Q07 revenues short and pro-forma EPS ahead of the estimates. The revenue shortfall is due to a decline in revenues towards the end of the quarter due to Vista-related compatibility issues, the analyst says. Smith Micro Software's share price has declined in the recent past due to concerns surrounding Vista compatibility issues, a trend which is expected to continue in the near term, Rodman & Renshaw adds.

2)
Smith Micro Launches StuffIt Deluxe 11 for Vista
Thursday , May 03, 2007 06:00ET

ALISO VIEJO, Calif., May 3 /PRNewswire-FirstCall/ -- Smith Micro Software, Inc. (Nasdaq: SMSI), a leading provider of software and services for the wireless and consumer marketplace today released StuffIt Deluxe(R) 11, the newest version of its compression, access, and management solution for Windows. From its revolutionary patent-pending JPEG image compression technology to a newly developed compression method for Microsoft Office 2007 files, StuffIt Deluxe 11 continues to help Smith Micro's leadership position in the image and data compression field.

The StuffIt Deluxe complete information management tool is redesigned for Windows Vista, optimized for multi-core processors, and includes a suite of compression and file transfer tools that enable users to compress, access, protect, send, backup and organize sensitive and valuable files on their PC. StuffIt Deluxe also compresses Word and Excel documents as well as large file types such as PowerPoint presentations.

"StuffIt Deluxe version 11 continues our strong track record of innovation in the field of data compression," said Matthew Covington, Director of Compression Solutions. "Its new optimized compression for Office 2007 documents, combined with our exclusive JPEG compression technology, gives StuffIt Deluxe a significant advantage when sharing files over the Internet by reducing file sizes, and therefore transfer times."

The new release places a continued emphasis on security, adding support for creating Zip archives with 256 bit strong encryption, and includes new features to help guarantee the authenticity of archives that are exchanged between users. StuffIt Deluxe adds CD and DVD burning to support those users looking for a quick and easy file backup solution, and a new indexing service to manage archived data whether stored on or off their PC.

    Significant Enhancements and Benefits:

    *  NEW! Windows Vista Support -- StuffIt Deluxe 11 has been rewritten
       specifically for Windows Vista.

    *  NEW! Optimized for Multi-Core Processors -- StuffIt Deluxe 11 is fully
       multi-threaded to provide the fastest possible performance when
       creating and opening archives.

    *  NEW! Compression of Microsoft Office 2007 PowerPoint, Word, and Excel
       Documents -- The new Open XML includes a layer of compression that
       reduce the size of the Word, Excel, and PowerPoint documents created by
       default in Office 2007 which traditional Zip software is unable to do.

    *  NEW! Re-compress Zip Files -- Zip archives are automatically
       recompressed using more efficient StuffIt compression when added to a
       StuffIt X archive.  A batch conversion tool is also included to allow
       large numbers of files to be updated to Smith Micro's updated StuffIt
       Deluxe format.

    *  NEW! Built in CD and DVD Burning -- The integration of CD and DVD
       authoring software into StuffIt's compression wizards allows users to
       archive and burn files and folders to a CD or DVD.

    *  NEW! Archive Manager(TM) -- Archive Manager automatically maintains a
       database of all the archived data present on the user's PC.  A
       background service continuously monitors for newly created, downloaded,
       or otherwise newly present archives.

    *  NEW! Index Archives(TM) -- Includes the ability to search archives even
       when they have been moved to CDs, DVDs, or other "offline" locations
       and contains a complete list of all the files stored in its "parent"
       StuffIt file.

    *  NEW! Archive Manifests(TM) -- StuffIt Deluxe now allows users to save
       and print archive manifests for all supported archive formats.

    *  NEW! StuffIt Deluxe Office 2007 Plugins -- StuffIt Deluxe 11 now
       includes plugins for Microsoft Word, Excel, PowerPoint, and Outlook and
       are fully compatible with Microsoft Office 2007.

    *  Improved! Security -- StuffIt Deluxe 11 includes a number of features
       to help improve the security of important information including MD5
       (Message-Digest algorithm 5) and 256 bit encryption for creating Zip
       archives.

    *  Improved! JPEG Thumbnail Support -- Allows users to choose to use a
       thumbnail of an archived JPEG image as its icon when browsing the
       contents of a StuffIt X archive and includes a new, larger, 128x128
       view that allows easier previewing of multiple image formats stored in
       both Zip and StuffIt archives.

Pricing and Availability:

The MSRP for StuffIt Deluxe 11 is $49.99. The application is available at the Smith Micro web store at: http://www.stuffit.com/win/deluxe/and popular retailers, catalogs and distribution partners worldwide.

[la-onda]

SMSI: Short Interest UP 10.4% to 6.8M in May 2007
Friday , May 25, 2007 01:10ET

According to new short interest data from NASDAQ, short interest for Smith Micro Software, Incorporated (NasdaqNM: SMSI) INCREASED 10.4% to 6,837,561 shares for the month ended mid-May, 2007.

SYMBOL             APRIL             MAY          CHANGE       %CHANGE  DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
SMSI           6,194,828       6,837,561        +642,733       +10.38%           6

Based on SMSI's 20-day average daily share volume of 1,274,305, it would require approximately 6 day(s) of buying to cover this short interest.

[la-onda]

SMSI: Morgan Joseph Starts @ Buy; Sets Tgt @ $20; Analyst Notes
Friday , June 08, 2007 07:25ET
Issuer: Smith Micro Software, Incorporated (NasdaqNM: SMSI)
Analyst Firm:  Morgan Joseph & Co. Inc.
Ratings Action: INITIATE
Current Rating: Buy
Target Price Action: INITIATE
Target Price: $20.00

Analyst Comments: Key capabilities and partnerships uniquely position Smith Micro with wireless network operators, OEMs, and enterprises, in the firm's view. They noted Smith's great experience in data connectivity has translated to other applications, such as music and enterprise connectivity over wireless networks. Strong 3G wireless subscriber growth and acceptance of 3G related applications provide the backdrop for continued growth. The firm believes Wall Street's opinion of Smith Micro is wrongfully embroiled over the Vista issue. Earlier this year, not all handsets had the drivers necessary to communicate with Microsoft's new operating system, critical for sharing files between the PC and the handset. Now resolved, they believe Smith shares should trade toward their $20 price target based on 20x their $1.00 FY08 EPS estimate.

[la-onda]

chart & slides update

[la-onda]

Smith Micro Software "buy," target price reduced

Monday, June 11, 2007 1:27:24 PM ET
Montgomery & Co

NEW YORK, June 11 (newratings.com) - Analysts at Montgomery & Co maintain their "buy" rating on Smith Micro Software Inc (ticker: SMSI), while reducing their estimates for the company.
The target price has been reduced from $22 to $19.

In a research note published this morning, the analysts mention that orders from Verizon have been delayed longer than expected and continue to affect the company's order book. The analysts expect Smith Micro Software to start receiving orders from Verizon in the September quarter and shipments for the former company's Music Essentials Kits to recover in 3Q. The EPS estimates for FY07 and FY08 have been reduced from $0.90 to $0.76 and from $1.06 to $0.91, respectively.

[pinoleropuro]

found this from Sabrient
Sabrient Analysis

Sabrient rates SMSI a Buy for its outstanding value and growth scores, as determined by Sabrient's stock selection filters.

• Groth: SMSI scores very high for growth potential, with a Sabrient Growth Score of 92.00. this reflects the company's exceptional earnings performance and expectations and makes it an excellent candidate for the growth-minded investor.
• Value: Also, a score of 85.3 for the exacting Sabrient Value Score indicates that SMSI may be undervalued at its current price. This distinguishes the company with high scores for two of the three classic investing styles.
• Momentum: A Sabrient Momentum Score of 13.1 places the stock near the bottom of the market with regard to price, earnings and group momentum.
• Timeliness: SMSI has a Sabrint Timeliness Score of 10.6. this is a composite measure of short-term and long-term price performance and long-term group performance.

[pinoleropuro]

Wall Street Consensus vs. Performance

For fiscal year 2007, analysts estimate that SMSI will earn $.85. For the 1st quarter of fiscal year 2007, SMSI announced earnings per share of $.06, representing 7% of the total annual estimate. For fiscal year 2008, analysts estimate that SMSI's earnings per share will grow by 16% to $.99.
this is according to Standard & Poor's Quantitative Stock Report.

[rbrychckn]

UBS Investment Research
Smith Micro Software Inc.

Believe Music Essentials Kit Testing Complete; Expect Builds to Start & Ship

Believe Music Essentials Kit approvals granted
We believe Verizon Wireless (VZW) has finished testing for Music Essentials Kits for most handsets, which should now give the green light for builds to start and ship. Software could potentially be available online before retail boxes hit store shelves (kits are likely shipped to distribution centers first, similar to handsets, and then distributed to stores). SMSI records revenue on transfer to title.

Should quell investor concerns regarding further potential delays
We view recent share weakness as a reflection of investor concern over the potential impact of delayed shipments on Q2 revenue as well as fears of further delays. We believe completion of testing should now alleviate these fears and believe most Street estimate for Q2 adequately reflect the potential impact.

With better visibility to shipment timing, adjusting estimates
We are adjusting our Q2 revenue estimate to $15.5mn from $17.5mn and pro forma EPS to $0.15 from $0.18. We are adjusting our pro forma 2007 EPS estimate to $0.95 from $0.98 but still remain above Consensus of $0.85.

$23 target based on ~22x 2008 pro-forma EPS (ex. Options) of $1.02

Reiterate Buy-2 particularly w/VZW issue nearing completion & potential upside to Street Consensus given our expectation for strong Q3 guidance.