One more, and then I have to finish my homework for class tomorrow.
It's a shame that IT companies are judged by their stock. You have to
spend money one year, to make money for a few months. I've worked for
two Worldwide IT companies, undisclosed for stock purposes, and we
laughed when our stocks dropped, because 2 months later, skyrocket!
This is my first week of trading without my broker. If I could afford
it, I would keep investing just to keep their stock up. They have
good concepts, they are eager, and they have no fear. Don't consumers
want competition? I think 200+ dollars for a phone that breaks,
crashes, etc. is a rip off. No names mentioned: NOKIA/Samsung; woops
it slipped :)
Without competition, Nokia and samsung would be even more overpriced.
The only problem is the name. But I thought about it. Nokia,
Samsung, are just familiar names. If we first heard of them, it would
sound stupid.
AND, Cricket is a catchy name for a phone company. Did you notice
what market nitches they found? Look at their site. I'm used to
hearing 69.99 a month. That worked 50 years ago. Now when you hear a
price **.99, I think "what's the catch". Not Cricket. some of their
prices are $60 even. Blue Collar workers, more likely to use a cell
phone paid out of pocket, have an affordable alternative. Most Treos,
etc. are bought by large companies for employees. When you buy in
bulk, you get them cheap. But the plans are ridiculous.
Verizon, they actually made a phone that's simple for "elderly,
children, and the stupid people" who want EASE, not more functions.
Prime example, all of verizon's phones have had some funky button,
when accidentally hit, disables the thing.
One month ago, I went to Verizon Wireless, for my grandmother, and
actually asked "Do you have a simple phone, without all of the bells
and whistles, so it's easy to use"? Their "simpleist phone", still
sucked!
UTStarcom won't turn anything down. Look at Verso Technologies. They
admitted that they actually shunned some possible revenue because they
only focused on big fish. Problem is that when their product were
finally complete, big fish already bought from somebody else.
UTSI has a nich in everything involving Telecommunications. They're
devices are attractive, and affordable. They will sell just as many,
if not more, than the competition.
If I'm wrong this year, I will admit it. But, I will stand by my
prediction: UTStarcom will be a household name just like Linksys,
Nokia, etc. I wouldn't be suprised if they pass the 15 dollar mark in
6-7 months.
By the way, anyone ever bought a broadband card? Most of Verizons,
and the one I'm using now (undisclosed) were made by them, OR, use
their technology. Sprint is releasing a new one, so is Verizon. All
made by UTSI. Virgin Mobile, I never cared for that name (too
unprofessional), has the super slice for $49. It looks sweet, even
though it doesn't have all the bells and whistles. Want it to
whistle? Then buy the competitors $200-400 phone. The economy is
still in recovery. People will sacrifice a few funtionality
differences for a $150-200 price difference. PLUS, companies will add
this phone for free, or discounted, when you sign a 2yr contract.
They're targeting average people, and a few high tech devices.
Average people spend more. Engineers, lawyers, doctors, etc., have
their phones through companies. The first cell phone I bought out of
pocket was last year, because I quit work to finish school. I needed
functionality, pictures, video, etc. I bouth the T809 because Razors
were crashing. I have worked in IT for 9+ years, and I've never heard
of a cell phone that constantly "crashed"! What a joke!
Remember what I said, when ya buy in bulk, you get it cheaper. So the
competitors won't pull as much money as you think!
They want you to believe that, but take a visit to the cell providers
I just mentioned. See the "packaged deals"? Common, average day
people buy these.
I'm just an IT guy, so don't take my word for it! Do some research,
you will be awed by their products A
ND prices!
P.S. There pocket phones, and rugged phones are awesome. I can't
wait to see what UTSI comes out with next. I'm a broke college
student who invested my spare money, and I actually want to buy some
of their phones. I was supposed to be "researching" and ended up
"window shopping". :) And I'm a cheap bast**d :)
Maybe it's because I'm a tech guru that I am impressed with this
company. Maybe it's because I'm going for ECE, Tel. Comm. Core, who
knows?
Lesson:
Research and look at what the whales were doing the last two months.
These Inst. are Mutual/Brokerage companies. It's hard to make a quick
"buck", especially in a bidding war or greed/fear variance. When you
invest in a mutal fund, this is where the money goes. Buying power
for the big guys. They can keep the stock from plummeting, as fast,
and they can control the prices even when news IS NOT supressed. So,
people freak out and sell, check back two weeks later, and they kick
themselves.
This is Technology... Companies MUST spend money to make money. It's
shameful that they aren't considered a threat because Nokia's stock is
69-70. Nokia has had some awesome products, but more bad than good.
UTSI is selling a treo/bb look alike but minus certain features. What
does that mean? 2-300 bucks cheaper. And I've worked for big
executives that can't check their own email, much less use all of the
features on the OLD blackberry.
Anyways, sorry for posting so much. I'm still new at this, and I'm
disgusted with the fact that Tech. companies should even worry about
stock prices! They should only worry about R&D, making things better,
cheaper, and readily available for us "common folk". Hey, hey. Isn't
that what UTSI has been doing?
Keep it up UTSI!!!
For the Inst. Own: 95%,
Drop the price down, freak these idiots into selling, and make that
money! I have a feeling that if the Inst. weren't helping with the
prices, UTSI could have been in serious trouble, as far as stock
prices go. Thank goodness for the "big fish". They stabilze things,
and we don't even say "Thanks". Instead we complain that we couldn't
make a "quick buck".
I just wish they would sell some preffered stock, so when I get my
bills paid this month, I can buy some. Unfortunately, I have to ride
to the "high" to gain buying power, and to avoid a lecture from my
broker. He believes Technology investing is like throwing your money
away. Yea, as he checks his email on his PDA, complains about cell
phone prices, etc.
I hope UTSI reads this. Even though I'm a "little fish", I hope they
find it refreshing that SOMEONE is impressed and has FAITH. When I
save some money, in two years, I want to go to those conventions. I
would be like a kid in a candy store!
To the un-believers, SELL and stay out of Technology stocks! All you
do is mess up the prices, and affect the company. They shouldn't even
care about their stock if they're doing what UTSI is doing!
Ok... Homework time, or I won't be able to apply to UTSI in two
years :) I hope they hire American Engineers. I struggle with
English, my only language, so I doubt I can learn a foreign language.