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StockIceMan's Weekly Stock Pick
Week of August 15, 2005


Stock: Smith Micro Software
Ticker Symbol: SMSI - Nasdaq - Application Software
Buy: 4.50 to 4.75
Sell: 7.00
Info: Smith Micro Software, Inc. and its subsidiaries engage in the development and marketing of wireless communication software products and services. It manufactures, markets, and sells wireless connectivity products to the original equipment manufacturers market, primarily wireless service providers and mobile phone manufacturers, as well as to consumer. The company offers software products primarily for Windows XP, Windows 2000, WindowsME, Windows 98, Windows CE, pocket PC, Mac, Palm, and Unix and Linux operating systems. Its products include QuickLink Mobile, which turns data capable wireless phones into wireless modems; QuickLink Mobile Phonebook that enables users to be able to edit wireless phonebooks on a PC computer and copy, email, or PIM databases to the phone; and FAXstf X and FAXstf X Pro, which enables users to exchange faxes and data files with remote modems, fax/modems, and fax machines on the Mac OS X operating environment. The company’s products also comprise HotFax MessageCenter and HotFax, an integrated voice, fax, and data communication software program that enables users to receive voice mail and exchange faxes and data files with remote modems, fax/modems, and fax machines; WebDNA that provides the tools necessary to develop a Web site or an e-business site supporting Windows, Mac, Unix, and Linux; and CheckIt Utilities, which provides end-users the hardware information they need to evaluate, fine-tune, and manage their systems. Smith Micro Software also sells eBusiness and utility software and professional consulting services related to eBusiness applications. The company was co-founded by William W. Smith. Smith Micro Software was incorporated in 1983 and is headquartered in Aliso Viejo, California.
Financial Info: For the 3 months ended 3/31/05, revenues decreased 18% to $2 million. Net loss totaled $128,000 versus an income of $103,000.
Key Ratios: Current Ratio: 21.50, Total Debt/Equity: 0.00, Trailing P/E: 29.12x, Forward P/E: 11.86x,  Price/Book: 3.65, Price/Sales: 9.06
Share Info: There are 21.57 million shares outstanding with 14.48 million shares in the trading float. Institutions own approximately 31.80% of the shares outstanding. There have been no insider purchases and 3 insider sales totaling 693,500 in the last six months. Real-Time SEC Filings

As of 7/12/2005, there were 1.73 million shares short.

Net Institutional Selling:  2.882 million shares prior to latest quarter.
Articles: Smith Micro Software Q2 net income rises

 
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