I have noticed that coverage initiations have not been giving much of a boost to most IPO's lately. There are exceptions of course, but I think in general people are realizing that at least a buy rating at the end of the QP is pretty much a given, at least from the underwriters. I haven't heard of a recent IPO that has not seen coverage begin with at least buys. Can they truly all be buys? Some of these companies will not make it.
As far as earnings, after seeing some of the bloodbaths even with great numbers (ZOOX, INKT, etc.) not even this may immediately provide the big boost we are all hoping for. This, I think, is more related to the market itself.
But I think it's important to note that although seeing multiple point jumps in ITXC would be exciting, I think in the long run we are better off with exactly the type of climb ITXC has been showing. Nice and slow and steady. Nothing irrational. I think this will save us from many of the short term selloffs that many other stocks are experiencing.
In my opinion, we have a winner here, and after the market uncertainty is over after the November fed meeting, things will hopefully begin to look up.
By the way, whatever happened to our friend buenodotcom who posted that he shorted ITXC at $33? Kind of funny we haven't heard from him lately. Maybe he thought he should sell his computer to get enough money to cover his position.