Smith Micro Software Inc., a wireless communications software provider, offers wireless software for cellular systems that operate on multiple platforms. The company has solid contacts within the wireless marketplace and appears to have little comparable competition within the market. There are others offering products to the wireless market that perform the same tasks as Smith Micros’ but none are quite comparable to what the market is asking for. The company expects to be profitable in the second half of 2008 after recouping development costs incurred in the first half of the year.

The company had several onetime charges and a certain drop in multi-media revenue in 2007, but most feel, however, that this is not an overriding issue for the company and should be offset by future contracts and improved tax performance. Their present position in the cellular phone business, and the wireless industry in general, is likely to more than compensate for the drop in multi-media revenues as customers continue their insatiable need for the latest and greatest in wireless products.

It is the company’s position within the wireless world, and its product base in this regard, that make it primed for growth. The product base that the company offers is designed to take advantage of wherever the wireless phone market may go, particularly in the mobile arena. Within the US, mobile services are just beginning to ramp when compared to other regions of the world. If, and presumably when, Smith Micro Software begins to tap this potential aspect of the market, it can be anticipated that it will do very good in the markets as opposed to just good.

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