Ikanos Communications, Inc. (NASDAQ:IKAN)

CAPS Rating: 4 out of 5

The Company is a global provider of high-performance silicon and software for interactive broadband.

Recs

3
Player Avatar pothealer (82.67) Submitted: 5/9/2007 9:47:07 PM : Underperform Start Price: $7.35 IKAN Score: +140.57

company seems to be relying on the selling of a cheap fast upgrade option to countries with developing internet infrastructure. I do not think any poor country is going to install expensive landlines (recently checked Copper and Gold for example), when they are already getting wireless networks built by cell phone providers, that could easily be used to piggy back on internet structure. There is undoubtedly a market for their product, I just do not see it being big enough and only short term. Add to this reports of a big recall, which appears to be from Australia's largest telecom, and what appears to be a large amount of insider sales in last 6 months (if my research is right it was around 1.5million), a new CEO, and existing buyers using up supplies, rather than maintaining inventories I can't see anything that offers outperform, although the company should have some small short term gains.Disclosure: I had shares. I sold based on my research in March. What can I say, I'm still learning, which is why I am still monitoring this company.

Member Avatar JMJeffrey (66.78) Submitted: 9/19/2008 9:35:03 PM
Recs: 0

Hi pothealer,Good pitch on why Ikanos won't fly long term. It's now Sept 08 and the stock is languishing at roughly $2. The have another CEO and the big orders still have not been found. Any opinion now?Just Wondering...Foolish Best,JMJeffreyStill long IKAN

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