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Interphase Corp. Message Board

newonoma2 10 posts  |  Last Activity: Apr 20, 2015 10:57 AM Member since: Aug 27, 1999
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  • newonoma2 newonoma2 Apr 20, 2015 10:57 AM Flag

    I'm just happy to see they are SAVING MORE in Annual Costs than they are spending to achieve the "savings".

    Sentiment: Strong Sell

  • Reply to

    25% pay cut. Across the Board. For INPH Mgmt.

    by newonoma2 Mar 27, 2015 10:52 AM
    newonoma2 newonoma2 Apr 16, 2015 5:05 PM Flag

    "As part of this plan, the Company expects to reduce the number of its employees by approximately 15% to 25%. The Company expects to incur charges for one-time termination benefits in the range of $50,000 to $150,000, most of which will be cash expenditures. The Company expects to substantially complete the actions associated with the plan during the second quarter of 2015."

    Looks like the savings will come at the cost of the rank-and-file, while the individuals responsible to planning, oversight and (mis)management will not experience any consequences for their negligence and incompetence.

    Round up the usual suspects . . .

    Now, given the consolidation of their 2 BIGGEST CUSTOMERS, INPH should consider a PR Release regarding the stability of their Telco revenue stream. Guess we'll have to wait until the Q1 CC in ... will ... likely ... July before we get any visibility into the impact of this NOK-ALU merger.

    Sentiment: Hold

  • Reply to

    25% pay cut. Across the Board. For INPH Mgmt.

    by newonoma2 Mar 27, 2015 10:52 AM
    newonoma2 newonoma2 Apr 1, 2015 4:20 PM Flag

    My valuation is meaningless. The *MARKET* is valuing INPH at around $10M. Today. Tomorrow may be lower.

    My previous post mentioned a critical time frame. But predicting the future is impossible. Initial School District contracts *COULD* help INPH limp along for another year. All they need is ONE REAL BIG buy and it can help them coast until next Year's School-Buy cycle. I certainly *HOPE* they survive past the transition point. They *CONTINUE* to have more *POTENTIAL* than most stocks I have followed over the years.

    The Layoffs will come in areas that are not contributing. Any INPH employee has to see that coming. INPH has done it before, and survival will force that now. They have been *HIRING* in the sales and marketing side to "hoof Penveu" and every sales guy costs some money.

    I think the most likely thing that could happen (but also worst for us retail investors), is a buy-out by some company for under $1.50 a share, screwing the retail investors. $10.5 M is pocket lint for too many people, if they think a YEAR from now they'll have a $50 M valuations again.

    Sentiment: Hold

  • And any Bonuses paid in the last 12 months should be forfeit, salary garnished until repaid. It's the right thing to do.

    So they *KNEW* about the 12 mo - 18 mo School purchase cycle and arrogantly chose to ignore reality because the Penveu would be *so compelling* in their minds. WooOOOooow. It is one thing to not be able to predict the future (a perennial excuse at INPH and small caps) but *KNOWING* the trend and then *IGNORING* the trend is unthinkable for those responsible to *PLAN* and *MANAGE*. In this case, it may prove fatal for the company. I think it is now a very real scenario that INPH will not survive 9 months at the current rate of hemorrhage.

    I wonder if the Manager at the Hodges Small Cap Fund feels a hole in the pit of his stomach this morning for losing 30% of of the value of his funds investment? His annual review may not look so good this year . . .

    Sentiment: Strong Sell

  • Adoption is disappointingly slow at this point. And a $2.2M loss in Q4 more or less consumes the $3.3M "Stock Sale". Given Q1 is "not too different" it *IS* consumed.

    Sentiment: Hold

  • newonoma2 by newonoma2 Mar 18, 2015 1:08 PM Flag

    Here's to hoping that the 2014 and Q4 results call was delayed so they might have a confirmed purchase order in hand to report.

    Sentiment: Hold

  • Reply to

    INPH - several questions

    by w8ng4m8 Mar 6, 2015 2:22 AM
    newonoma2 newonoma2 Mar 16, 2015 1:20 PM Flag

    I think you mis-understand what I wrote. I did not state there *WAS* an app. I am concerned that perhaps the watch, or even existing iPhones or iPads would facilitate creation of a new (UNSPECIFIED) app that would allow easy mouse control from the Apple Device.

    I've been impressed with the i"Things" and how creatively they have been used for *MANY* capabilities. Does the watch have any GYRO capability to sense orientation and motion? Accelerometers to gauge jogging speed might work to enable arm-point-direction, for example. That could perhaps control mouse movement. Or even finger painting on the watch face as a "micro-pad" to control mouse movement. tap to select, etc...

    If the APP is $2, folks would LIVE WITH the feature loss against a $800 Penveu that only does one thing, has to be cabled in, has limited battery life, etc... Maybe not for schools, but imagine in a business meeting the ability to share control by simple arm-pointing and an "arbitration scheme" that allowed every iWatch to control the mouse (in a cooperative mode, of course. . . nudge wink. . .).

    I still *HOPE* Penveu is a success, but the *OH, #$%$* last discovery that School purchase cycles are 12-18 months unfortunately demonstrates that those responsible, and their leadership have not been looking further than their NOSE and their TOES regarding the future and strategic roll-out of Penveu. While that sounds harsh, can anyone give a *RATIONAL* reason why NOT ONE SINGLE SALES CALL, or CONVERSATION was made during the 2 year Penveu "delay for completion" to somehow *DISCOVER* this cycle time, this LAG time? No, that is a pretty unfortunate, undeniable exhibition of short-sightedness. And it leaves wide open the door for questions of *OTHER* areas which have not been considered, anticipated, and planned for.

    Sentiment: Hold

  • Reply to

    INPH - several questions

    by w8ng4m8 Mar 6, 2015 2:22 AM
    newonoma2 newonoma2 Mar 9, 2015 2:44 PM Flag

    Thanks for a reasonable post. But I cannot imagine why March Events would prevent release of Q4 and Whole year 2014 Results. Q3 2014 Results were announced Nov 6th. So I was expecting Feb 6th (or gee-whiz 3 Months later for the NEXT Quarters financial update. We're now a full 30 days beyond that.

    1) It is good to see all the events you mentioned. I'm hoping they get "Decision Makers" to attend.

    2) The retail price has always been on the "high" side for the average person. It adds some functionality beyond available "Gyro-Mouses", but the marginal value does not merit $500-$600. Tthe price delta only wins in my mind against White-Board "replacement". But we'll also have to see if the Apple Watch brings a "Penveu-Like APP" to the wrist of the person next to you. . . Integrated iPad apps have seemed the most worrisome competitor in my mind.

    It is definitely priced for the Education Market space,

    3) My sons "gaming" activities would lead me to believe Penveu is *too slow* to be of *ANY* value in a gaming context. His lawn-mowing money has gone to specialized IO gizmos that allow faster, multi-finger control. If you watch the videos and pay close attention, the penveu *STRUGGLES* to keep up at a normal muscle-rate for writing on a wall. In fact, demos seem artificially *SLOW* in motion to not introduce visible lag time between motion and image update. So until I see otherwise, I'd bet 90% it's too slow for gaming or other "rapid interaction" applications.

    Thoughts...worth...paid...blah...

    Sentiment: Hold

  • Reply to

    Earnings Predictions - Job Postings -

    by vlinvestortoo Jan 13, 2015 2:57 PM
    newonoma2 newonoma2 Jan 29, 2015 11:38 AM Flag

    We need a good Kuh-pi-chew-lay-shun. (My mangl-ish is rusty...)

  • Reply to

    Earnings Predictions - Job Postings -

    by vlinvestortoo Jan 13, 2015 2:57 PM
    newonoma2 newonoma2 Jan 29, 2015 10:37 AM Flag

    I think the *LAST* oh-s#!T that there is a 12-18 MONTH buy cycle for this *consumer* product they are targeting for *EDUCATION* . . . is a dagger they may not recover from.

    They *NEEDED* the $3 MILL infusion just to eeeek out existence for another 6-9 months in hopes ot securing 1 or 2 DEMONSTRATION contracts - meaning they can demonstrate they can SELL 100 or 1000 of these as PRODUCTS to a single buyer, not as BETA Phase-5 test units.

    It still seems like a reasonable product. They've just mismanaged the roll-out (pre-announcing by almost 2 years) and *ALL* interest has waned, and credibility is now strained. *AN* actual contract (EVEN ONE) would stave off the Sheriff-at-the-door, and perhaps get a first turniquet on the hemmorhage.

    $2.00 who-duh-thunk . . . for a disruptive technology.

    Sentiment: Sell

INPH
1.40+0.0200(+1.45%)Apr 24 1:13 PMEDT