SPLINTERNET Holdings, Inc. (SLNH.OB)

LS

Well, maybe this company won't be a one-trick pony. It's trying to find itself in something other than VOIP. Think geiger counters.

It has a sensor system which detects gamma radiation in a dirty bomb. It recently acquired a privately-held radiation detection company with personnel to market the company's radiation detection architecture and alert system. Radioactive storage sites, military bases, power plants and border crossings would be potential customers. "We believe this industry is in its infancy," said Splinternet's vice president of corporate development.

Washington, D.C.-based Civitas Group says a ripe market exists for dirty bomb detection. Civitas estimates the total private sector market for nuclear and radiological security at about $2.4 billion. Civitas predicts that market could grow to $13.5 billion over the next five years.

William Vassell, chairman and chief executive officer of Stamford-based Murdoch Security Group, said Splinternet's products could make it a corporate acquisition target. "They will probably be taken over by one of the GE Capitals of the world," Vassell said.

I dunno, but this could be worth a ride for awhile. I'm going long at $1.80/share.