The R&D issue can also be that they exited the hardware busienss and do not have design and testing costs. Remeber that they launched different versions of hte handwriter tablet over the last year and a half. The per unit revenues from MSFT are very competitive, but not free. the issue is how any people spend $25 to upgrade. Also the Nortel deal and others....
I am not sure if CIC is directly involved with this deal that you wrote of, but I do know that CIC is working with Microsoft and many wireless providers and cellular phone manufacturers.
I spoke personally with Mr. Sassower yesterday (a friend of mine is a good friend of his). I was thoroughly impressed with his integrity and with the vision he has for this company. Based on our conversation, I feel very comfortable stating that I believe CIC will be cash flow positive before December 31st of this year. Microsoft is getting ready to ship (anytime now) and Nortel will be putting their SmartPhone on the market later this fall or early this winter.
With the above in mind, and the announcement last month that expenses were cut, CIC will post a positive profit and loss statement soon. Imagine for a second, if people were willing to purchase shares at $7.00 when this company wasn't doing anything, wasn't selling anything, and didn't have any contracts, what will this stock be worth once the orders start rolling in. It certainly will be worth more than a dollar and a fraction.
I am very grateful that we have not heard from "SassSour" for quite some time. I would like everyone to know that I am deeply impressed with Mr. Sassower -- we could not have a better person in charge of this company. He has put his money where his mouth is -- he bought a significant chunk last week to add to his tens of millions of shares. If he is willing to buy, shouldn't we have the same confidence in the company?