Last week, Itron, Inc. (NASDAQ: ITRI) announced that it would be licensing and embedding Cisco's (NASDAQ: CSCO) internet protocol technology within its OpenWay meters. This enables wired and wireless communications among various components of smart grids.
This alliance will target power utilities, which could end up deploying as many as 10 million devices in the next few years alone — and will require a common platform to manage them.
This is a pretty big deal, as it allows both Itron and Cisco to further advance the standardization of smart grid architecture.
Today, Itron trades around $59 a share. But long-term, this is a solid smart grid play. In fact after the Cisco deal was announced, the stock got two upgrades from Jeffries and Canaccord, with price targets of $78 and $80, respectively.
Check out this link to the Echelon board. Within the link there is a link to a recent story that appears in California regarding interference issues with wireless and PG&E. The other link is a white paper from Echelon from 2005 that details the unreliability issues of wireless.
Market is up almost 1% and this news adds 10! WOOO HOOOO! Wait...what is that...oh @#$%$ 10 cents...And it's being pumped up by a guy named "LonWork"...How could I have been so stupid and bought this piece of rat @#%!.
BWAAAHHHHH...My kids will still have fun at Community College :(