LTRX $1.55 ...HUGE GLOBAL GROWTH WITH RECENT MOVES TO CHINA/ASIA...60c/SHARE CASH....HEAVY INSIDER BUYING...EARNINGS NEXT WEEK
12MONTH TARGET: $6+
- SOLID BALANCE SHEET (59c/share cash no debt)
- HEAVY INSIDER BUYING (All buys - no sales)
- LOW FLOAT (7 Million shares)
- TRADING AT 80% DISCOUNT OF SECTOR AVERAGES
- HUGE GLOBAL EXPANSION: CHINE/ASIA (see below); Ingram Micro - Europe; Arrow Electronics – Asia Pacific & Latin America; Mouser Electronics – Europe & Asia Pacific, Frys, Data Vision (Americas)
RECENT AUGUST 2013 PRESS RELEASES/DEVELOPMENTS
On August 22-25, Lantronix will serve as the official mobile print sponsor at MacWorld World Asia 2013 in Beijing, China. Lantronix’ participation as a Gold Sponsor of the event, which is expected to attract thousands of attendees, further complements the company’s strategic push to expand its sales footprint into China and the entire Asia Pacific region.
On August 8, the company announced that its award-winning xPrint Server family of products for iPhones, iPads, other smart cellular devices is now be available for purchase in more than 156 cities in China, through the country's largest B2C e-commerce retailer JD. This reseller relationship marks another step in Lantronix efforts to expand its worldwide sales and distribution channels in the Asia Pacific region and build increased awareness of its full range of products.
On August 7, Lantronix announced the global availability of xPico Wi-Fi, a compact, embedded wireless device server designed for easy and fast machine-to-WiFi connectivity, especially in industrial environments. Operators and technicians can now securely access remote machines with a smart phone or tablet without having to go through the entire network. The xPico Wi-Fi will be the foundation platform of many M2M future produts
On August 6, the company announced the opening of a new office in Shanghai, China, further expanding Lantronix reach into one of the fastest growing M2M markets worldwide.