SMSI

[pinoleropuro]

its looking beautiful today!!! 
I just wish I had more shares 
but still making a little. 

[la-onda]

nice analysis, nice chart:

Out of the Gate: Smith Micro Rises
Friday , June 22, 2007 11:37ET
By Staff Reporter

NEW YORK, Jun 22, 2007 (AP via COMTEX) -- Shares of Smith Micro Software Inc., which makes wireless communication software products, soared in Friday morning trading, after a ThinkEquity Partners analyst said he expected the share price to double over the next year.

Analyst Anton Wahlman expects Smith Micro to gain as cellular carriers roll out new products around the time Apple Inc. lauches its highly anticipated iPhone on June 29 in the U.S.
"We continue to believe Verizon Wireless would like to have an immediate response to the iPhone by AT&T, and that Smith Micro will be a major beneficiary of this competitive effort," Wahlman wrote. Wahlman said Smith Micro shares are undervalued and expects the share price to double over the next 12 months, with material gains during the balance of 2007.

Wahlman has a "Buy" rating on the shares and a $25 price target.

Shares jumped $1.57, or 12.5 percent, to $14.17 in morning trading.

[pinoleropuro]

La-onda,

I don't know what your native tongue is but in my mine la onda I guess would translate to you are "the bomb" or in other words you're the man.
Gracias amigo for finding this one.
you really are la pura onda. 

[la-onda]

you are always welcome pinoleropuro 
cheers
Oliver

[la-onda]

Smith Micro Software (NASDAQ: SMSI)
The Vista MEK Issue Appears to Be Over - Upgrading
to Buy.
Investment Summary
Verizon appears to have softened its stance on the XP/Vista issue.
We also believe SMSI should directly benefit from Sprint and Verizon's competitive response to Apple's iPhone. While the QCOM patent issue remains unresolved, we believe SMSI's risk/reward profile is compelling at 15x 2008 earnings.
Event
Upgrading SMSI to Buy from Hold and raising price target to $20 from $14. We are raising our estimates slightly to reflect a softer approach to the XP/Vista issue by Verizon. We now believe SMSI will report Q2'07 results that are in line to slightly above our estimates.
Key Points
• Checks indicate Verizon has completed MEK Vista testing for several high volume handsets. With testing completed on these handsets, shipments should begin any day now. With only 6 days remaining in Q2'07, the impact to the quarter will likely be modest with revenue in line to slightly better than our $14.7MM estimate.
• We believe Verizon has softened its overall stance on the XP/Vista issue. Testing has not been completed for all handsets and in some cases Vista drivers are still not available. Given low MEK channel inventory levels, we believe Verizon will now accept normalized shipment levels of legacy XP MEK units.
• New Vista MEKs could include a bundled copy of QL Music. We think Verizon could take the opportunity to bundle the QL Music Manager inside Vista compatible MEKs. This could  significantly improve the activation attach rate vs. the current download method.
• We believe Verizon and Sprint are developing a strong response to the iPhone. Our checks indicate Verizon and Sprint have lined up an impressive portfolio of new music-enabled
handsets slated for launch in time for the Q4 holiday season.
• A prolonged patent dispute between Qualcomm and Broadcom could delay new music handsets. While this is a clear risk for SMSI, we don't believe these delays should dramatically impact Sprint and Verizon's music marketing efforts.
• Raising estimates slightly. Our Q2'07 estimates remain unchanged at $14.7MM/14c. Our 2007 estimates move up to $77MM/84c, from $76MM/83c. Our 2008 estimates move up to
$109MM/$1.00, from $107MM/98c previously.
Valuation/Risks
Our $20 price target is based on 20x our 2008 pfEPS estimate of $1.00. Risks include: 74% revenue concentration at Verizon, fluctuating margins, possibly dilutive acquisitions and potential for new handset delays from a prolonged QCOM (Buy, $42.99) / BRCM (Buy, $30.52) patent dispute.

please check attachment

[la-onda]

just fyi:
1)
Smith Micro Software "buy," estimates reduced
Monday, June 25, 2007 11:32:10 AM ET
UBS
NEW YORK, June 25 (newratings.com) - Analyst Maynard J Um of UBS maintains his "buy" rating on Smith Micro Software (ticker: SMSI), while reducing his estimates for the company. The target price is set to $23.
In a research note published this morning, the analyst mentions that Verizon Wireless has completed the testing of Music Essentials Kits for most handsets and the go-ahead for shipping is expected shortly. The EPS estimate for 2007 has been reduced from $0.98 to $0.95, following improved visibility into the shipment timing. Smith Micro Software is expected to announce robust guidance for 3Q, the analyst says.

2)
SMSI: JP Morgan Starts @ Overweight; Analyst Notes
Tuesday , June 26, 2007 07:56ET
Issuer: Smith Micro Software, Incorporated (NasdaqNM: SMSI)
Analyst Firm:  JP Morgan
Ratings Action: INITIATE
Current Rating: Overweight
Analyst Comments: The firm believes Smith Micro has an attractive business model. They expect Apple's (AAPL) iPhone to spur large customers like Verizon (VZ) and Sprint (S) to release competitive phones and ramp orders for Smith Micro's media solutions.

[la-onda]

SMSI: Device Day Uncovers One Who Will Sing the Last Tune
Friday , June 29, 2007 17:55ET

Friday's action was dominated with news regarding hand held devices. The session, termed 'Device Day' by many saw the introduction of Apple's iPhone and Research in Motion's superb earnings release. Both stocks performed well while Palm Inc.'s Treo was the loser.
RIMM noted Thursday that its fiscal first-quarter earnings grew 73% due to increased sales and subscriber additions. The Company also announced a 3 for 1 stock split while rival Palm reported a 43% plunge in fiscal fourth-quarter profit amid sharply rising costs.
The new entrant has some worried, namely Palm, but they've noted that they won't dwell on Apple iPhone sales figures. Reasearch in Motion's Blackberry is more of a corporate device rather than a consumer product and is available in a multitude of countries under many carriers. The iPhone will only be available in the U.S. for now and has a 5 year exclusive agreement with AT&T. It will certainly allow for the carrier to take customers from others, but Blackberry users aren't expected to switch to the iPhone at a rate as high as other smartphone users.
The initial response from consumers could be to raise awareness of music capable phones. The awareness will evolve into other phone makers developing music solutions for wireless handsets.

The real winner from the introduction of the iPhone could be a different company all together. Smith Micro Software, Incorporated (SMSI) is a developer of innovative communications software for the wireless industry. Their leading-edge mobility products simplify communications access over both Wireless Wide Area Networks (WWANs) and Wireless Local Area Networks (WLANs), and their compression technologies such as StuffIt have been established as industry standards. One of the Company's main products is software that sounds familiar to anyone who has ever heard of the iPod. The Music Essentials program allows people to download music from the Internet onto their PCs and then zip those tunes over to a handheld device. The difference is that the device is a phone and not an iPod.

The Company already has a deal with Verizon Wireless with the company being the first to release phones with SMSI software. Following that deal in November, the Music Essentials product became the largest for SMSI. The Company has a multitude of analysts covering the name with 8 having a buy or strong buy rating. The latest, JP Morgan, noted that the iPhone would spur Verizon and Sprint to release competitive phones and ramp up orders for the Company's media solutions. With the huge amount of attention the iPhone has received, other carriers are expected to release more phones with the music playing capability in the second half of the year. With that in mind following the Company's second earnings in the latter part of July, the Company could become a name to follow with the product offering of cellular makers expanding. Investors would be wise to watch.

[pinoleropuro]

Smith Micro to Present to Investors at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference

Jul 2, 2007 06:30:06 (ET)


ALISO VIEJO, Calif., Jul 02, 2007 (BUSINESS WIRE) -- Smith Micro Software Inc. (SMSI, Trade ), a developer and marketer of a wide range of software solutions for the wireless market, today announced that William W. Smith, Jr., President and CEO, will present at the C.E. Unterberg, Towbin Emerging Growth Opportunities Conference in New York on Tuesday, July 10, 2007 at 11:00 a.m. ET. The conference will be held July 10th-12th at the Mandarin Oriental Hotel. The conference will be attended by securities analysts, fund managers and institutional investors.

Smith Micro will host a live webcast of the conference presentation at 11:00 a.m. ET that can be accessed at: http://www.wsw.com/webcast/ceut6/smsi/ , or from the Investor Relations section of the Smith Micro web site at www.smithmicro.com .

[rbrychckn]

A small surge today to 16.55.  Any news?

[pinoleropuro]

Q2 2007 earnings are expected to be announced on August 1, 2007
Estimates: .15/.137/.10 high mean low

hmm.

[godofstock]

this is the 5th time i am in and out of smsi....

bought back again at 14....... i think its a gift........

i will be adding more if this drop to 12..........

[pinoleropuro]

yeah I am glad I was able to get out just a little above 16 and made a little profit on it. it is looking like its getting too close to the prev gap so it may try to close it. now I am no technical person so I may be far from being right. but if it does it would definately be tempting to buy it again.

[godofstock]

hit 16 now.......... damn i got it on this time..........

anyone riding this or you guys sell out already........

[la-onda]

SMSI update:
1)
Smith Micro Software upgraded to "market outperform"
Friday, August 03, 2007 11:34:57 AM ET
Rodman & Renshaw
NEW YORK, August 3 (newratings.com) - Analyst Amit Dayal of Rodman & Renshaw upgrades Smith Micro Software (ticker: SMSI) from "market perform" to "market outperform." The 12-18 month target price is set to $19.
In a research note published yesterday, the analyst mentions that the company has diversified its customer base and concerns surrounding a delay in the launch of Vista have been resolved. The analyst expects Smith Micro Software to benefit going forward from the potential launch of multimedia handsets by all carriers in 2H07. The company's key product segments are expected to witness strength in 2H07, with all segments likely to win new customers during the period, Rodman & Renshaw adds. Smith Micro Software's share price has declined by about 35% since mid-April and the company's stock is trading at attractive valuation, the analyst says.

2)
Smith Micro Software "buy"
Friday, August 03, 2007 6:30:43 AM ET
UBS
NEW YORK, August 3 (newratings.com) - In a research note published yesterday, analyst Maynard J Um of UBS reiterates his "buy" rating on Smith Micro Software Inc (ticker: SMSI). The target price is set to $23.

3)
Smith Micro Software "buy," target price reduced
Thursday, August 02, 2007 9:59:39 AM ET
Needham & Co
NEW YORK, August 2 (newratings.com) - Analysts at Needham & Co reiterate their "buy" rating on Smith Micro Software Inc (ticker: SMSI). The target price has been reduced from $20 to $19.

[la-onda]

fyi:
Smith Micro Software Reports 2007 Third Quarter Results
Wednesday October 31, 4:11 pm ET
Net Revenues Increase 38% Over 2006 to Record $20.4 Million

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Smith Micro Software, Inc. (NASDAQ: SMSI), a developer and marketer of a wide range of software solutions for the wireless market, today reported its fiscal 2007 third quarter financial results ending September 30, 2007.

Third Quarter 2007 Key Financial Results:

* Net revenues increased to $20.4 million, up 38% year-over-year.
* GAAP net income of $0.5 million, or $0.02 per diluted share, compared to GAAP net income of $2.5 million, or $0.09 per diluted share, for the same quarter last year.
* Non-GAAP net income of $6.7 million, or $0.21 per diluted share compared to Non-GAAP net income of $4.3 million, or $0.17 per diluted share for the same quarter last year. Non-GAAP net income excludes expenses for stock-based compensation, amortization of intangibles from acquisitions and non-cash tax expense.
* Cash and cash equivalents were $83.0 million, compared to $34.9 million at September 30, 2006.

Nine Months Ended September 30, 2007 Key Financial Results:

* Net revenues increased to $53.4 million, up 43% year-over-year.
* GAAP net income of $2.5 million, or $0.08 per diluted share, compared to GAAP net income of $5.3 million, or $0.21 per diluted share, for the same period last year.
* Non-GAAP net income of $18.1 million, or $0.58 per diluted share, compared to Non-GAAP net income of $10.4 million, or $0.42 per diluted share, for the same period last year.

"We are very pleased with the overall results for the third quarter, including record revenues," said William W. Smith Jr., President and CEO of Smith Micro Software, Inc. "As expected, our Multimedia division, which was slightly impacted in Q2, bounced back with a strong performance for the quarter."

Mr. Smith continued, "We are also pleased with the continued progress that we have made with our growth strategies for our Connectivity & Security product solution, where we added two new wireless carriers recently, giving us a strong indicator of a healthy data connectivity market as more wireless carriers seek to introduce wireless data connectivity services for their customers in the United States. In addition, contributions from the Compression & Consumer business unit remain strong and the demand for our exclusive republishing products, especially the launch of VMware Fusion contributed to our record Q3 performance. As we announced at the beginning of Q3, we have expanded our multimedia product line with the development of Revue, our newest multimedia product designed for Smartphones running Windows Mobile, one of the fastest growing segments of the Smartphone marketplace. We view this new Smith Micro branded product as an exciting opportunity to reach and significantly expand our customer base in our consumer and OEM segments."Mr. Smith concluded, "Continued strong performance from our diversified business units led to our record quarter results, and we believe that Smith Micro is uniquely positioned to continue to build upon our leadership role in the fast growing wireless software marketplace, leveraging the strength of our technological capability, and capitalize on our retail marketing expertise."

Financial Discussion:

Smith Micro reported net revenues of $20.4 million for the third quarter ended September 30, 2007, a 38% increase when compared to the $14.8 million reported in the third quarter of 2006. On a GAAP basis, the Company earned $0.02 per diluted share for the third quarter of 2007, compared to $0.09 per diluted share for the third quarter of 2006. Non-GAAP net income (which excludes amortization of intangible assets from acquisitions, stock-based compensation expenses and non-cash tax expense) for the third quarter was $6.7 million, or $0.21 per diluted share, compared net income of $4.3 million or $0.17 per diluted share for the third quarter of 2006. Diluted shares outstanding as of September 30, 2007 increased to 31.4 million as compared to 25.8 million shares outstanding as of September 30, 2006.

For the nine months ended September 30, 2007, the Company reported record net revenues of $53.4 million; a 43% increase over the $37.2 million reported for the nine months ended September 30, 2006. GAAP net income for the nine months ended was $2.5 million, or $0.08 per diluted share, compared to $5.3 million or $0.21 per diluted share.

Non-GAAP net income for the nine months ended September 30, 2007 was $18.1 million, an increase of 73% when compared to the Non-GAAP net income of $10.4 million, or $0.42 per share, reported for the nine months ended September 30, 2006.

Total cash and cash equivalents at September 30, 2007 increased to $83.0 million, compared to $34.9 million for the 2006 third quarter ended September 30, 2006.

The Company uses a non-GAAP reconciliation of net income and earnings per share in the presentation of financial results in this press release. Management believes that this presentation may be more meaningful in analyzing our income generation, since amortization of intangibles from acquisitions, stock-based compensation, and non-cash tax expense are excluded from the non-GAAP earnings calculation. This presentation may be considered more indicative of our ongoing operational performance. The tables below present the differences between non-GAAP earnings and net income on an absolute and per share basis. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and the non-financial measures as reported by Smith Micro Software may not be comparable to similarly titled amounts reported by other companies.

Analysts:
Smith Micro Software "buy," target price reduced
Thursday, November 01, 2007 3:29:19 AM ET
Montgomery & Co
NEW YORK, November 1 (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 $24 to $17.
In a research note published this morning, the analysts mention that the company has posted robust 3Q results, with revenues and EPS ahead of the estimates. Although the rebound of the company's multimedia business is a good sign, product transition challenges at Verizon could exert pressure on Smith Micro Software's top-line growth in 2008, the analysts say. The company appears poised to benefit from the ongoing expansion of wireless data, music and multimedia, although there is lack of clarity regarding the rate at which this might take place, Montgomery & Co adds. The EPS estimates for 2007 and 2008 have been reduced from $0.82 to $0.80 and from $0.73 to $0.69, respectively.
&
SMSI: US Bancorp Cuts to Mkt Perform from Outperform
Thursday , November 01, 2007 07:25ET
Issuer: Smith Micro Software, Incorporated (NasdaqNM: SMSI)
Analyst Firm:  U.S. Bancorp Piper Jaffray
Ratings Action: DOWNGRADE
Current Rating: Mkt Perform (from Outperform)
&
SMSI: Merriman Cuts to Neutral from Buy; Analyst Notes
Thursday , November 01, 2007 07:40ET
Issuer: Smith Micro Software, Incorporated (NasdaqNM: SMSI)
Analyst Firm:  Merriman Curhan Ford & Co.
Ratings Action: DOWNGRADE
Current Rating: Neutral (from Buy)
Analyst Comments: The firm is downgrading the rating on SMSI shares based on their belief that the changing industry dynamics, customer concentration and potential dilutive acquisition/integration risk outweighs the company's in-line 3Q07. Trading at an EV-to-revenue multiple of 4x (FY08), they believe that the market has priced in Smith Micro's leading edge wireless application prospects. They recommend that investors remain on the sidelines until the company's acquisition strategy becomes clear given the changing wireless industry fundamentals and reliance on basically one carrier for the majority of revenue.
&
SMSI: US Bancorp Cuts to Mkt Perform from Outperform; Analyst Notes
Thursday , November 01, 2007 09:01ET
Issuer: Smith Micro Software, Incorporated (NasdaqNM: SMSI)
Analyst Firm:  U.S. Bancorp Piper Jaffray
Ratings Action: DOWNGRADE
Current Rating: Mkt Perform (from Outperform)
Analyst Comments: The firm downgraded the shares to reflect the company's declining mix of higher-ASP music kits and lower overall earnings outlook.

&

SMSI: New 52-Wk Low @ $11.780 dn 23.56%
Thursday , November 01, 2007 09:45ET

This is the 1st 52 WEEK LOW alert for SMSI in the past 7 calendar days.
The share price for Smith Micro Software, Incorporated (NASDAQ NM: SMSI) reached a new 52-week low today, trading at $11.780, down $-3.630 (-23.56%) from its previous close of $15.410.
The Company's previous 52-week low of $11.910 was set 136 days ago on June 18, 2007.
One year ago, the Company's shares closed at $16.070. The price has declined more than 26 percent since then. At the time of this alert, the stock had traded 362,900 shares via 16 trades, 46.85% below it's 20day average of 682,840 shares.

This new 52-week low currently puts the stock:

23.68% below its 20day Moving Average of $15.434
25.24% below its 50day Moving Average of $15.757
23.71% below its 100day Moving Average of $15.441

chart: