As with most things in this world, the big fish always eat the little fish. Echelon made a fatal mistake when they tried to sell smart meters head to head against the big boys. Had they offered the software for a small fee to be embedded in the big fish meters, who knows where they might be today. Unfortunately, they are going to lose out to the big fish again with this new focus. Nobody needs to buy them because what they have can be duplicated or bettered.
They were wise to not disclose the terms of the acquisition. They are losing millions every quarter so if they paid cash, they just accelerated their move to bankruptcy. If they paid in stock, they just diluted a $2 share price.
Yeah, apple needs to invest in a penny stock to make money. Give me a break. This is speculators buying for a quick 10% return, just like they did when google made their acquisition. Once the dust settles, and people realize that apple has no interest in Echelon, the stock will be back at 2.5 or less, and the next earnings report will contain no new significant contracts, only hope and wishful thinking.
You must be new here. They stopped using that script after Oshman passed away. He was arrogant enough to say things like that even though they were more wishful thinking than anything else. This management team knows they have nothing to promise, so they choose to say nothing rather than looking foolish when potential isn't reached.
This can't be true. In fact, I am pretty sure Apple and Google are about to get into a bidding war, and they wouldn't be interested in a company that couldn't sell lemonade in the Sahara Desert.
If you believe anything that comes from this administration, you should take off the rose colored glasses once in a while and really take a closer look. I'm not saying it's a democrat thing, I'm saying it's the new America, where ethics and accountability are just a nuisance. I hope Obamacare helps people who could normally not afford health care, but they still aren't going to make me pay for it.
Putin is never going to allow a US energy company to make a single dollar in his country, so that pilot program is up in smoke. Besides, even if he did allow it, Obama wouldn't. And if any of you Obama supporters think he has no authority to interfere, you have had your head buried deep in the sand for far too long.
Do you understand the concept of short covering? The entire short position is 1% of the float. It can be covered in 1 or 2 days of trading. If you want to see a short squeeze, this aint the place to be. Find a stock with 25% or more of the float short. That's a recipe for a squeeze. Now, if you want to claim that there is a large short position in the price of gold itself, then I would tend to agree with you.
They were $80 a share when they were the only ones on the planet with a smart grid solution. Today they are one of many, and the many have more resources than Echelon. Ask yourself this question: Why has Echelon slashed their payroll and expenses to the bare bones? Why is their revenue shrinking while their losses are growing? Think about THAT for five minutes.
toolongelon has no understanding of the markets or business in general, and you make him/her look like Warren Buffet.
When the German Govt tells the US Govt that they would like to have their gold back now because they feel comfortable keeping it safe on their own, and the US Govt response is "We can get that gold to you sometime in the next 7 years, what would a logical thinking person assume?