I have been following this company, and Cellnet, too, for some time. It seems like there is a lot of potential out there for Itron if it can capitalize on its installed base and move to the next step. But so far there is no sign of that.
Fast-forward ten years. Wireless devices through the internet handle everything from phone calls to movies to buying electricity by the hour. Does anyone really see meters still being read once a month with hand-held radios? Anyone besides Itron?
Unless they can shake their dying "vision" and step up with one that works with dot.com, in just a few years their so-called technology will be in the dustbin. That is why the stock is not moving - Itron is not moving.
There is nothing wrong with their product, just like there is nothing wrong with manual typewriters, but they are just not getting any more popular.
You make a good observation regarding the "wireless revolution" and the internet. You are right about the many new apps going wireless. What we can't forget is that the utility industry which Itron is trying to sell to, is run by folks who don't see anything wrong with using a manual typewriter. They make Scrooge look like a spend thrift. This hurts Itron, killed CellNet, and is the hurdle for all of the newer companies trying to eat Itron's lunch. Is Itron the best stock or company out there? I don't know. Do they sell the highest tech stuff. Not really. But do they have a solution for most every situation? Yes., whatever that is worth.