Numerous Depressors were allowed to fester too long and have grown big enough to outweigh any potential major Catalysts that we foresee.
From every fundamental perspective -- management and strategy, patent position, marketing prowess, capital structure, and more -- we believe that NEOM's future has become too tenuous for us to maintain a buy rating on the stock at its current valuation.
We first recommended NeoMedia in February 2004 and many subscribers reaped some big rewards when it ran up to more than 70 cents, as the market began to recognize the same potential we had identified. But recently, several aspects of the NEOM story have become increasingly troubling. Issues about the company's addiction to dilution, its zig-zag strategy of acquisitions, and its inability to articulate a clear strategy for both its core (PaperClick) and non-core (Auto Paint) technologies brought us to the point where we started to scratch our heads.
Given so many concerns, we determined that we needed answers to our questions to better understand the direction of this company. It hasn't been easy, but finally after talking with a number of people in and around NEOM we have concluded that:
1) People in the mobile search and advertising space are simply getting around the NEOM patents. They are using closed-system searches to end-run NEOM's patents and that's a development that is clearly not good for the company.
2) The big players in the mobile business are just not responding to the NEOM "patent litigation" threat and are side-stepping NEOM in their route to mobile search and advertising gold. For example, Australian competitor Shock Code has its technology on 40 million Sprint bottles in a promotion that should have been a NeoMedia promotion. The fact that it's not speaks volumes about the lack of execution on NEOM's part.
3) The massive number of shares outstanding (and we've articulated this issue for a long time) is just too big a hurdle for the business to overcome. Additionally, it appears that NEOM is not getting any real value for the sale of its auto paint business, so all we can see is more and more serial dilution ahead.
We had a great ride on NEOM last year and we know many of you took our advice to capture profits ranging from 100% to 1,000% in the stock. For those subscribers positioned at a high average cost, we think it's best to cut your losses now
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I agree PRDPONCE, any stock with that much volume and that big a drop needs to be watched the following day for a day trade. I would guess that it should rebound a bit from here.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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ok like the DD going on on all the boards i am beginning to see .25 or more by the end of the week gonna be some big buyers coming in this in the morning and this isnt gonna stop for awhile JMHO
quote:Originally posted by stnkng1: ok like the DD going on on all the boards i am beginning to see .25 or more by the end of the week gonna be some big buyers coming in this in the morning and this isnt gonna stop for awhile JMHO
WOW, YOU PUMP EVERY SINGLE ITTY BITTY LITTLE STOCK YOU ARE ON !!!
SIMPLY AMAZING !!!
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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NeoMedia's qode(R) Now Available for Sony-Ericsson JAVA Mobile Phones
By BusinessWire Last Update: 10/11/2006 8:29:45 AM Data provided by
FORT MYERS, Fla., Oct 11, 2006 (BUSINESS WIRE) -- NeoMedia Technologies, Inc. (NEOM), a leader in market-driven technologies, announced today that its flagship direct-to-mobile-web qode(R) technology is now available through a free download to run on eight Sony-Ericsson(R) mobile phones based on the popular JAVA MIDP 2.0 technology.
Free downloads of NeoMedia qode software for JAVA are available to Sony-Ericsson users by invoking the browser on the phone and entering "get.qode.com." qode, including qode(R)reader and qode(R)window, can then be installed in just a few minutes by following instructions on the phone's screen.
List of Compatible Mobile Phones to Grow
NeoMedia, which plans to add more JAVA-based phones supporting qode in the coming weeks, previously introduced qode for the Symbian(R) Series 60 operating system, prevalent on Nokia(R) mobile phones.
NeoMedia's patented qode (www.qode.com) suite of easy-to-use applications includes qode(R)reader and qode(R)window, which provide One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the Mobile Internet. qode(R)reader works with camera phones, letting users "click" on two-dimensional "smart codes" to connect directly to targets, while qode(R)window lets users enter a key word, phrase or product name to connect to a target.
"NeoMedia is delighted to announce that Sony-Ericsson is the latest manufacturer whose phones support the qode platform of consumer products," said Martin Copus, president of NeoMedia Mobile and COO of the parent company.
"Mobile marketing - the real-time live interconnection between consumers and marketing companies - is still in its infancy in the U.S., but has already taken wing in Europe and Asia," Mr. Copus said. "NeoMedia will continue to add to the list of manufacturers and mobile phones that support qode as mobile marketing continues to evolve here and grow around the world."
The Sony-Ericsson MIDP 2.0 phones now running qode include the Sony-Ericsson K600i, Sony-Ericsson K700i, Sony-Ericsson K750i, Sony-Ericsson S710a, Sony-Ericsson W550i, Sony-Ericsson W600i, Sony-Ericsson W900i, and Sony-Ericsson Z800, in use in both the U.S. and Europe according to m:metrics (www.mmetrics.com), a leading authority on the mobile marketplace.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions for companies and consumers, built upon its solid family of patented products and processes, and management experience and expertise. Its NeoMedia Mobile group of companies offers end-to-end mobile enterprise and mobile marketing solutions through its flagship qode direct-to-mobile-web technology and ground-breaking products and services from four of the leading mobile marketing providers in the U.S. and Europe. By linking consumers and companies to the interactive electronic world, NeoMedia delivers one-to-one, permission-based, personalized and profiled dialogue -- anytime and anywhere.
The qode suite of easy-to-use, market-driven products and applications are based on a strong foundation of patented technology, comprising the qode (www.qode.com) platform, qode(R)reader and qode(R)window, all of which provide One Click to Content(TM) connectivity for products, print, packaging and other physical objects to link directly to specific desired content on the mobile Internet.
NeoMedia companies and offerings include: 12snap AG (www.12snap.com), a Munich, Germany-based award-winning leader in mobile marketing and entertainment applications; Mobot, Inc. (www.Mobot.com), a Lexington, Massachusetts-based pioneer in mobile visual recognition technology; Sponge Ltd. (www.spongegroup.com), a London, UK-based leader in developing and implementing mobile marketing applications and content delivery; and Gavitec AG - mobile digit (www.gavitec.com), a Wurselen, Germany-based leading provider of mobile technology and marketing solutions.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
qode is a registered trademark, and qode(R)reader, qode(R)window and One Click to Content are trademarks of NeoMedia Technologies, Inc. Other trademarks are properties of their respective owners.
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ran in a week to 0.75 hehe
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