SupportSoft, Inc. (NASDAQ:SPRT)
The Company is a provider of software and services that automate the resolution of technology problems.
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I've been involved with SPRT BP {before Pickus} ,...feel he has exemplary executive leadership skills, with great connections at CA and Silicon Valley, seems to have a pretty good eye for talent as he has assembled a solid team with impressive credentials, has a 'Green' business plan with "work from home" inititiative, solid stock comp.plan with 'performance' incentives...GOOD PRODUCT, private label distribution Staples, Office Depot, Office Max,..with Support.com Direct exclusive label Website....Stokroach
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Separation of its enterprise business from Consumer makes it now a pure player in Consumer Market. Its business with Retail partners and other referral programs is growing and COGS (Cost of Goods Sold) is decreasing making it and overall attractive stock to watch for next 9 months.
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Solid company turning around, in the gutter for no reason other than a delay, wait for an intermediate amount of time (few months) and you'll see this start to climb back up to the $5 mark.
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In an up trend. Has pulled back from recent highs.
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Best-in-Class solution for support online especially now Windows Vista and Office 2007 are released
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Great customer base (most of the major telecom and cable providers). Excellent revenue model (licensing vs. one time fees). Significant amount of cash to go after the up and coming triple play services market (phone, tv, and internet).
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