NEW YORK, Nov. 10, 2003 (PRIMEZONE) -- (Investrend Research Syndicate) The following is an investment opinion issued by Investrend Research Syndicate:
Semotus Solutions, Inc. (AMEX:DLK) has been rated "Speculative" with a 12-month target of $3.50, according to Investrend Research analyst Tom Byrne, M.B.A.
Semotus Solutions can take any information or data stream, format it and send it wirelessly over any system and protocol to any wireless device including pagers, phones and PDAs.
"Over the last two years, Semotus has shut down or sold all but two software units: Global Market Pro, Equity Market Pro and Future Market Pro; and HipLinkXS, and is moving towards those products with the best margins and cash flow generation," said Byrne.
"The hard moves are behind Semotus. It has cut all of its money-losing units and sold all non-core assets. Semotus can concentrate on growing its business. The important catalyst will be posting a breakeven quarter sometime in 2004 because after Semotus reaches that inflection point, the sale of high margin software should boost bottom line results."
Byrne said the company is rated as "Speculative" because of its small sales base and weak capital structure.
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Tom Byrne, M.B.A., is the President of Byrne Investment Research (BIR), which provides fundamental, bottom-up equity research to its client base. BIR specializes in the quantitative and qualitative analysis of small cap companies, with specific expertise in technology and healthcare. BIR uses a set of proprietary valuation techniques to understand and determine the fair value of companies that do not pay a dividend.
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