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“The $59 Computer” — Riches coming?
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There’s a small stack of potential teasers just sitting and waiting for the attention of the Thinkolator, but your friendly neighborhood Gumshoe is but a humble servant to the masses of the assembled Gumshoe faithful … so when I start getting hundreds of questions about one specific teaser, that moves to the top of the list.
And so today, the $59 computer. This is a teaser for a newsletter we’ve looked at many times before, Phase 1 Investor from the folks at Stansberry — it tends to be a biotech and small-cap tech newsletter, but they also use it when they’re picking the smallest companies from any sector, including some gold miners last year … it’s their most expensive newsletter (retail price $5,000, though it’s of course “on sale” now for about half that), which keeps subscriber levels down and lets them recommend microcap stocks without sending the share price through the roof.
Unless, of course, the Gumshoe jumps into the party and we mess up the stock chart — so I’ll be telling you who this company is in a moment, but don’t go off and get all hot and bothered about it on my account.
What is the $59 computer? Well, they go into this for several pages of sales blather, but here’s a bit of the tease:
“‘Who makes the $59 Computer?’
“Not one single company owns sole rights to the ‘$59 computer,’ or the technology that powers it.
“As scientist Peter Meli of the National Institute of Standards and Technology points out, the ‘$59 Computer’ represents “the convergence of many technologies.”
“In other words, it’s all still very much up for grabs.
“As you’ll see, that’s great news for investors. Even better than if one single company owned the rights to it.
“As I write, companies are scrambling to stamp their name on some part of this new computer.
“Dell — the world’s 3rd largest computer manufacturer – recently tried to steal the whole thing for itself! The Texas-based company quietly filed an application with the U.S. Patent and Trademark Office.
“Of course, Dell’s application was denied. Too many technologies have gone into the evolution of this computer for any single entity to claim sole rights.
“But the purse is so large that companies – big and small – are fighting to develop their own versions of the ‘$59 computer.’
“IBM has invested at least $360 million, according to public records… and has assigned 200 researchers to work on its own ‘$59 computer’ project.
“Google – the Palo Alto search engine giant – has invested $600 million.”
OK, so that lets us at least explain the basic marketing conceit here — when they talk about the “$59 Computer” they’re really just talking about the general concept of cloud computing. And yes, Dell did try to trademark the term “cloud computing” a couple years ago, an attempt that was thankfully turned back by the USPTO.
And yes, almost every company in the computer business is investing in cloud computing, either to develop services or use the cloud for their own data or work. Cloud computing, if you’re unaware, is a very broad term that encompasses everything from remote storage to software as a service to web-based email, it’s keeping more data and applications in the “cloud” of remote servers rather than on a personal computer or on an office mainframe, and it’s part of what we’re probably all doing with our electronic lives, with some of us more gradual than others. Heck, I do it too — most of the data and the website files for Stock Gumshoe are sitting in data centers in the Midwest that I’ll never see, and I use Google Docs to share my tracking spreadsheets and other files with folks.
The cloud has been coming for a long time, and it has also been the source of a lot of investment teasers — but the strongest pusher so far has been the Motley Fool, which has been teasing cloud computing as the “two words that Bill Gates doesn’t want you to hear’ and teasing a trio of cloud-computing companies in a dozen different ways. If you’re curious about the Fool’s take (this was a teaser for their Rule Breakers newsletter), you can see the older Kings of Cloud Computing article that I wrote here, the companies were (and still are, I assume), Google, VMWare, and Akamai.
But who is this little cloud computing company teased for us today by Phase 1 Investor?
The ad goes on to provide a few clues, though they’re definitely making the Gumshoe work on this one.
First, they tell us that this company was a critical omission in the recent Barron’s cover story on cloud computing — that this little firm is half the size of the smallest company they listed in that article, Terremark World. That article is a good place to start if you don’t know anything about the “cloud,” by the way, but we can at least take away from that the clue that Terremark has a market cap of about $500 million, so this little company must have a market cap in the neighborhood of $250 million.
So that’s one clue. What else? We get one more bit of teasermania that includes some good clues, here it is in their words:
“They’ve developed proprietary software that makes the ‘$59 computer’ faster.
“What they offer is one of a kind…
“Basically, their new technology allows them to speed up the Internet – and GUARANTEE fast and failsafe delivery of Web-based applications to the ‘$59 computer.’
“Their new technology is so good at doing this they’ve developed a stranglehold on a niche within the ‘$59 computer’ market…
“‘After unsuccessful attempts by nearly a dozen other companies, the results from implementing [this company's] solution were both effective and dramatic,’ said Stuart Ross, President and CEO of a private ‘$59 computer’ company.
“‘It’s like having a license to print money,’ said Dave Kochbeck, Director of Technology at Friendster, a privately owned social networking site in Sydney.
“In the technology world, if you have something valuable, you’d better build a moat around it.
“That’s exactly what this tiny little firm has done.
“They’ve received SIXTEEN patents in total—seven in the past year alone:
“November 26, 2009
“October 20, 2009
“September 1, 2009
“July 14, 2009
“June 30, 2009
“February 12, 2009
“February 10, 2009“Because this technology is so valuable…
“This tiny company’s been lining up contracts with major ‘$59 computer’ players – Hewlett-Packard, Microsoft, Motorola, and Sony, to name a few.”
So who is it? Well, we can throw all that info into the mighty, mighty Thinkolator, and out the other end comes the answer:
Internap Network Services (INAP)
Why Internap? Well, those two quotes in the teaser are from customer testimonials that INAP includes on their own website, so that’s pretty solid confirmation. And the company and its employees and officers probably hold a lot more than 16 patents, but Internap did receive patents on those dates given — at least a half dozen or so of them, I didn’t check each one. And no, I don’t understand much of the actual patent language (September 1’s patent, for example, was for “topology aware route control” to help route data in networks).
And that’s a large amount of what Internap does — they run data centers and provide content delivery network (CDN) and other IP services that try to make data routing faster and more reliable, much like other companies do (including Akamai, which is the giant of the CDN business and a stock I’ve profiled for the Irregulars as well as an oft-teased Motley Fool pick). I don’t know a lot about INAP, but they seem to be effectively a turnaround story in a business where investors have been fairly cautious over the past year.
Part of Internap’s turnaround strategy is a move to do less reselling of data center services and start providing more of those services themselves — which means building up their data center footprint, something they’re trying to do over the next year or so (there’s a quick article about this strategy here, and they went into more detail in their last conference call, you can read the 3Q transcript here). There may be reason for some skepticism about INAP and their expansion and strategic plans, at least if you’ve been following them for a while — INAP is a new stock for me, but they’ve tried to remake themselves and refocus before, as this fairly critical article details from Nortia Research.
And just as an FYI, some of my readers might be interested to know that Weiss Research is actually an INAP customer, and allowed their name to be used in press releases — they use INAP for their video distribution, all those “special events” that they invite you to attend online.
So … is Internap the heretofore unseen winner in cloud computing-related stocks? They do have patents and services in data routing and deliverability, but I have no way of judging whether their technology or services are any better than anyone else’s, and the industry is getting more competitive in just about every segment these days. There is often chatter about a possible takeover of Internap, in part because they have a nice big chunk of tax losses built up over their many years of unprofitable operations, but that’s rarely a good enough reason to speculate — if you do decide that Internap is for you, it will probably be because you’ve got some faith in their turnaround plan and think it’s cheap enough to take a chance. Internap does trade at a low price/book valuation of 1.2, but that’s probably largely due to goodwill on the balance sheet — they made a big acquisition of VitalStream back in 2006 to get into the CDN business, a buy that cost them more than $200 million (and might now be laden with some regret), which is awfully close to their current market cap.
Internap hasn’t exactly been building wealth for investors to this point, but if it is going to be a big cloud computing winner it’s at least running a bit below the radar — it’s not just Barron’s that failed to include INAP, I don’t think I’ve seen any other high profile analysis that looks at INAP as a high potential “cloud” play, though obviously any company that does internet routing, content delivery, and data center hosting is, technically, worthy of being called a “cloud computing” company (there are a lot of companies offering these and similar services, Dan Rayburn maintains a list of the CDN companies, at least, on his website here if you’re curious about researching some of the other firms).
Think INAP is worthy of a gamble as they attempt to turn the business around and leverage their technology? Do the Phase 1 folks have a beauty here, or a beast? Let us know what you think with a comment below.
And of course, if you’ve subscribed to Phase 1 Investor, we’d all like to hear if it’s worth the price — please click here to share your opinion at Stock Gumshoe Reviews.
The author will always disclose any direct long or short equity, debt or option position in any stocks written about as of the day of publication, and will not trade in any stocks mentioned for three days (72 hours) after publication. Full disclaimer is at the bottom of the page.
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Subjects: Internap, phase 1 investor, Stansberry and Associates
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Apparently the company did away with a poison pill shareholder protection at the end of 09 that wasn’t supposed to originally be terminated until 2013. If their technology is as good as the teaser implies they will undoubtedly be bought out sooner rather than later, imho. Probably when the current market fears drive the sp down further with the rest of the market. March? hmmm, deja vu.
[Reply]
Vicky Reply:
February 18th, 2010 at 2:27 pm
what about:
cdn
akam
llnw
and 3 crowd
aren’t they all in on the action?
and 3 crowd being the newest and best?
Thanks
Vicky
[Reply]
HUGE TSUNAMI IN BATTERIES— EEStor is backed by VC firm Kleiner Perkins Caufield & Byers WOW U KNOW THIS IS SILICON VALLEY’S BEST VC! they are legendary backers of huge successes. As I told U I am a tech guy and I owe you this one…. this if it happens is world shaking news! Good luck and I wish I could learn how to capitalize on your savvy! Hey man I owe U for juicing me up…
EEstor will change everything !!!
http://eestor.biz/
http://www.wired.com/autopia/2009/10/eestor/
How to get in on this is via http://energytechstocks.com/companies/zenn.htm
http://www2.canada.com/cars/story.html?id=1530643
Zenn Motor Company Inc ZNNMF:OTC
[Reply]
Just some heartfelt thanks for helping me to avoid being taken in by some new persuading newsletters.
You have not only saved me money by not buying the newsletters but also in not buying the stocks recommended had I bought the letter. Thanks for being there for us.
[Reply]
Ron Whipple Reply:
February 5th, 2010 at 3:30 pm
Yeah . . . save me from persuading newsletters. I just joined the Stock Gumshoe Irregulars. Money well spent compared to “persuading newsletters” that only want you to dive in to questionable investments or sell you some “secret”.
[Reply]
I totally agree with Phylis’s comment above. I have a had a teaser today which is the never dying battery, the nano battery. Do you know the company who has supposedly come up with this world changing item? I’m sure the thinkolator will be able to help us out.
[Reply]
stockcrazy10 Reply:
February 5th, 2010 at 10:24 am
This one has been circulating… forever…
http://www.stockgumshoe.com/2008/08/forever-and-ever-and-ever-the-forever-battery.html
[Reply]
joshua lang Reply:
February 14th, 2010 at 5:06 pm
that might be m-phase technologies.
[Reply]
Nano Battery,
Altair Nanotechnologies, ALTI.
Great story. Bought at 3.35, 9-6-06.Sold at 2.40, 3-21-08. I share good, bad and ugly. The concept could elevate battery powered vehicles on a practical basis——
if they ever get it into production. I keep watching it, with a jaundiced eye. Herach.
[Reply]
The thing with Altair is that they are providing the batteries for Proterra, a privately held firm that just announced they are opening a factory in Greenville to build their electric busses. Busses powered by UQM motors (who Altair has a strategic alliance with… it seems the motor company likes Altairs batteries and vice versa).
And, UQM gets research contracts from the Navy (oh, and so does Altair), which recently announced a plan for electric motor driven ships.
You see where I wish we were going with this.
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A bit more digging around on this one reveals:
1) One of the INAP customer testimonials (from 2007) mentioned in the newsletter, was for a company called PlanetVu. They specialized in TV show delivery over broadband … nothing whatsoever to do with a $59 computer. Oh, and PlanetVu now appears to be out of business.
2) If INAP was awarded these patents in 2009 … that would likely mean the patents would have to have been submitted in 2005 (the USPTO process is typically 3-5 years long). If they had some sort of groundbreaking technology in 2005, you’d think it would have proven itself in the market by now.
It’s just a pump and dump scam. Google the following: stansberry aidsvax vaxgen
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Fundamentally Internap Networks is a fair stock play at current prices with much upside potential. The stock has been beaten down in recent years for good reason. I believe the turn-around progress is tremendous as the new CEO is a speak little, do more person. I like these kinds of CEOs. Good company with a poor track record = current valuation relative to peers.
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I will take a hard look at INAP. Back in the late nineties i had stock in a company that did the same thing as INAP and it failed. I just can’t remember the name of the company, symbol started with an F. I will have to dig through my records and see it still exists under another name.
[Reply]
Over the past year or so, I have subscribed to a couple of Stansberry & Associates “Investment Letters”. They are interesting reading, I keep them in my magazine rack in the “john”. Although, the majority of the email I seem to get from them, is trying to entice me into buying just one more of their financial letters/reports.
This was the case this afternoon. They tried to “hook” me with their special information regarding the “$59.00 Computer” etc., which of course sounded interesting. When I found out how much they wanted for their subscription, I had to laugh. Even their discounted offer seemed ridiculous.
After reading about their special offer to subscribe to “Phase 1 Investor”, I decided to google Stansberry & Associates, to see if there was any adverse press, regarding their company on the internet. In the process, I came across an answer to a question, by at someone from “Stockgumshoe.com”. The answer sounded honest and to the point. I decided to click on your website. I liked what I saw and signed up for your free email addition.
After completing the signing up process, I came back to your home page, an “Lo and behold”, I discover your discussion about Stansberry & Associates, Phase 1 Investor and the information about the “$59.00 Computer” company they were referring to. Then to find who the company is, that S&A was dangling out there like some golden carrot, that was just icing on the cake!
Now I’m sorry, but to me that qualifies as a “completed circle” with regards to information gathering, along with adding some unexpected enjoyment to my Saturday afternoon.
Thanks a lot, Stockgumshoe.com
[Reply]
Over the past year or so, I have subscribed to a couple of Stansberry & Associates “Investment Letters”. They are interesting reading, I keep them in my magazine rack in the “john”. Although, the majority of the email I seem to get from them, is trying to entice me into buying just one more of their financial letters/reports.
This was the case this afternoon. They tried to “hook” me with their special information regarding the “$59.00 Computer” etc., which of course sounded interesting. When I found out how much they wanted for their subscription, I had to laugh. Even their discounted offer seemed ridiculous.
After reading about their special offer to subscribe to “Phase 1 Investor”, I decided to google Stansberry & Associates, to see if there was any adverse press, regarding their company on the internet. In the process, I came across an answer to a question, by someone from “Stockgumshoe.com”. The answer sounded honest and to the point. I decided to click on your website. I liked what I saw and signed up for your free email addition.
After completing the signing up process, I came back to your home page, an “Lo and behold”, I discover your discussion about Stansberry & Associates, Phase 1 Investor and the information about the “$59.00 Computer” company they were referring to. Then to find who the company is, that S&A was dangling out there like some golden carrot, that was just icing on the cake!
Now I’m sorry, but to me that qualifies as a “completed circle” with regards to information gathering, along with adding some unexpected enjoyment to my Saturday afternoon.
Thanks a lot, Stockgumshoe.com
[Reply]
Love your analyses. Good and valuable work.
[Reply]
I too have received the Stansberry $59 teaser and found Gumshoe while researching the teaser. Glad I found this site. As for INAP, if this is truly the stock that Phase 1 is touting then I’m surprised it hasn’t moved at all since the article was published, and volume is incredibly low for such a “hot” stock. I’m tempted to buy some anyway, but the low daily volume worries me. I do find it hard to believe that this premium Stansberry newsletter would promote INAP.
I did subscribe to Frank Curzio’s Penny Stocks, having been a subscriber to his SUT newsletter, and just on his IMAX short play made enough for my subscription many times over. I like Frank’s work. Maybe INAP should be a Curzio pick instead, makes more sense.
[Reply]
John Thompson Reply:
February 11th, 2010 at 5:03 pm
Alan if you don’t mind me asking; what did the subscription to Frank’s newsletter set you back? Also, has it been helpful other than the IMAX play; not that that one wasn’t good enough.
[Reply]
Alan in Los Angeles Reply:
February 13th, 2010 at 11:58 am
They have an introductory offer good to the end of next week (Feb 19) for $99/yr. You call Dan Ostrowski at 866-783-4141. I covered my IMAX short at about 12, shorted at 13.50 so did ok. Now trying to short again at 13. I’ve got 5 stocks long from his list and I’m up about 4%. I like his work from his SUT newsletter so I followed him over to Stansberry. Figured for $99 it would be worth a try. After next week they say it will cost $249.
[Reply]
Gary in CT Reply:
February 17th, 2010 at 7:11 am
If I can chime in here; I have several of the Stansberry publications (have so for a couple of years) and in my opinion the the Penny Stock (Curzio) and the Short Report (Clark) are well worth the money. The Short Report is pricey, but I can assure you that it’s worth the investment. Over the past twelve months I have made more than 20x the investment. In the month of January alone I earned just short of $9K on $31K of invested capital. 33% in one month is pretty good in my book. I’m not here to tout Stansberry, as I can tell you that some of there publications are junk (my opinion), but the Penny Stock and the Short Report are two of the winners in their stable.
Wow, Stansberry sure likes to spam you once you’ve signed up for anything. I’ve gotten 5 emails about the $59 computer today alone.
I’m curious about the really low volume on INAP. I’d figure if Stansberry was pumping it this hard it would be higher. Unless either INAP really isn’t the one or no one is pony’ing up $2500 for their newsletter (which I can believe). Anyone have ideas on INAP or invested in it yet?
[Reply]
Don Reply:
February 14th, 2010 at 1:26 pm
I agree with you on the Stansberry spamming. However I was intrigued a bit with the “59 dollar computer” teaser. Particularly some excerpts from the teaser:
1. “That said, we know for a fact that this tiny company recently opened a new facility in a business friendly region of China” …”This company has already demonstrated its software works just as well in China, as it does in the States… ”
2.”According to the data coming out of China, these guys have been able to increase the speed of their new system by as much as 2,000%!”
3. Apparently INAP has improved video streaming with their patented Managed Internet Route Optimizer (MIRO). I cut this from a press release…
“New forms of web content, such as podcasts, slideshows and streaming video, have become critical to the independent film community, allowing filmmakers to market and distribute their films to audiences worldwide at minimal cost. In 2009, visitors to the Sundance Film Festival website downloaded nearly three million videos; and in the months surrounding the annual Sundance Film Festival, website traffic typically surges dramatically, averaging between 50,000 – 150,000 unique visitors daily.
However, as online video gains in popularity, the performance of the network is also becoming a top priority, with viewers showing little tolerance for slow-loading video. A recent study by analytics firm TubeMogul found that 81.2% of web video viewers click away when videos are slow to load and that “rebuffering” occurs in nearly one out of every 25 streams. Internap’s CDN uniquely addresses this issue, ensuring an optimized video viewing experience through its patented Managed Internet Route Optimizer™ (MIRO) technology, which selects the best path for video traffic in real time, based on network performance characteristics instead of the least number of Internet hops.”
3. They have some institutional investors like Barclays, Dimensional Fund, etc
I did speculate and have bought a few shares with stops. Keep and eye on their financial results and conference call on March 2nd.
[Reply]
As a technology expert, I really doubt INAP has any special claim to cloud computing. The idea and techniques to implement have been around over 10 years. Remember “the network is the computer”? If Oracle/Sun couldn’t pull it off with a $billion investment, how would INAP?
[Reply]
I too was with Frank C @ the street .com under$10. What great reccomendations he made. I recently found him at Stansberry and I too am recieving sales pitches like the $59 computer. This is too speculative a pick for Frank.
[Reply]
I just got an email from “The Daily Reckoning” by Agoroa Financial with the lengthy $59 computer pitch from Stansbury & Associates. I like Doug Casey’s International Speculator, published by Agora, but I usually just delete their promo emails. But the $59 computer piqued my curiousity.
I Googled ‘$59 computer’ and this page came at the top of the list. Great stuff. I agree with Doug about them filing patents in 2005 without doing much since then.
[Reply]
Thank you for your detective work on S/A $59 computer. (I just wasted 18 sheets of paper printing it out.) As a subsciber to S/A the most memorable emails I get are about the dog eating his homework
[Reply]
My Charts show that this stock is following the general trend. There is a Reversal due in 3-4 days, which I see as a High. That Reversal will create a 2nd Reversal, which will likely be a Low — in several weeks. I expect the 2nd Reversal to target a Low in the 4.0 area. THAT will be the time to jump on. Reply privately if you want to see the Charts, and I will forward.
[Reply]
Judy T Reply:
February 14th, 2010 at 7:39 pm
This is interesting to say the least. A $59 computer! What will it be made of ? Clay? Hope this company is the real one. I will keep on doing some DD before I climb aboard. Please send me the info on the charts. Much thanks.
Judy in TO
[Reply]
George in Santa Rosa Reply:
February 15th, 2010 at 5:18 am
Judy, I do not know how this system works — whether or not we can send private responses. If not, then you can contact me at VikingMan777 at hotmail.com. There appears no way to attach Charts here, anyway.
[Reply]
Vicky Reply:
February 15th, 2010 at 11:35 am
I would love to see the charts !!!
[Reply]
Chris Bates Reply:
February 16th, 2010 at 9:11 am
I would like to see your chart, as much to see in general how you are evaluating such a play as what you predict for this particular stock. Thanks for sharing.
C. Bates
[Reply]
Bill Mixon Reply:
February 16th, 2010 at 11:25 am
Would love to see your results on the $59.00 computer
Thanks
[Reply]
dlc Reply:
February 16th, 2010 at 4:30 pm
Please send me the charts as I am going to load up on this soon! Thanks!
[Reply]
Ray Parke Reply:
February 17th, 2010 at 9:33 am
Hi George
I would appreciate the outlook on this stock as I am seriously thinking of grabbing a peace of the action.
Thanks
[Reply]
Liz smith Reply:
February 23rd, 2010 at 2:45 pm
I appreciate your offer so see the charts you mentioned. thanks
Any chance you have been following ITMN?
[Reply]
Big J Reply:
February 24th, 2010 at 8:29 pm
thanks goerge, appreciate your sharing. would love to see your charts…
thanks, ill email you shortly
[Reply]
NO THANK YOU IBM and others !!!
Stick your “cloud computing”!!!
I have 0.00% trust in you holding and processing my personal data.
What’s that? Oh , you say it’s for my convenience and protection? Yea right, these are the same reason you give to want to put a ‘chip’ under my skin.
Again, I can’t say it loud enough, stick your cloud computing up your ass!!!
[Reply]
THANKS FOR THE INFO ON THE $59 COMPUTER, I HAVE NEVER BOUGHT ONE OF STANSBURY’S MORE EXPENSIVE SUBSCRIPTIONS, BUT DO GET 12% LETTER AND A COUPLE OF OTHERS. I HAVE FOUND, IN GENERAL THAT I HAVE PAID MOSTLY FOR MORE SPAM AND TEASERS. I DID GET ONE GOOD TIP, AENY, WHICH HAS MADE A COUPLE OF $ SO I MAY HAVE BROKEN EVEN ON WHAT I HAVE INVESTED IN STANSBURY LETTERS. GUMSHOE IS A GREAT PLACE TO CHECK OUT TEASERS. THANKS AGAIN FOR THE HONEST OPINIONS.
[Reply]
Great site – also came across this while doing research on the $59 computer. I too have subscribed to Stansberry and while they have had interesting content in the past there is an enormous amount of daily spam. RE: INAP – not knowledgeable about their technology but do know well the efforts of Microsoft, Oracle, Google, Amazon, Akamai, etc. and the level of enormous investment in place already and still pouring in. If INAP has critical, game changing technology, they will be acquired soon. And if their technology is compelling then I’m surprised that they have not already been acquired. All of the heavyweights know the next delivery model is cloud computing but the money will be made on content and apps. Whether you do email, games, etc locally or via the web, it’s still content/apps you are paying for.
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I should clarify my last comment – infrasructure/network companies can make a ton of money too. But the small ones seem to get swallowed by the giants (or run over/by) before they can return the 10x that the newsletters project. Especially in an industry that everyone seems to agree is headed to becoming a utility-like service.
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Scientific American Reports had a Robotics issue around 5/08 that included an article about how software labs and researchers are developing routing software based on swarm insect behaviors. They use ’software ants’ to mark ‘trails’ and develop algorithms to detect which are the fastest and most reliable trails – then apply this to routing technology on the Internet and phone services etc. At the time the article was written, presumably about 2/06, ‘extensive tests suggest that the ant-based method is superior to Open Shortest Path First, the protocol that the Internet currently uses . . . ‘. They don’t mention INAP in their discussion, though they do acknowledge that the technology is in its infancy.
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Patrick Hesselmann Reply:
February 15th, 2010 at 6:59 pm
Sorry – that should have been 2/08 as the putative time the article was written – not 2/06. So much for proofing your own stuff!
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I have earned thousands of $s from S&A investment letters. I also enjoy immensely the free news letters and the commentary. I have tried most and either stayed or canceled with absolutely no problems. I too wondered about the $59 comp and am glad I know about this site. I like the Resource Report, Advanced Income and
the 12% letter.
Sure really knowledgeable people can find or figure out most if not all the stocks they reco, but the average guy can not. They are honest in my opinion and they run a biz, so advertising and teasers are part of the game. Remember it takes 7 no’s rto get a yes.
You get good value for what they sell and some people have made serious, serious money with their info..
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The teaser mentioned a moat but perhaps the moat is not technical but specific to China. I’m sure this gummerment, open as it is (!), would love to give away these little computers so they can keep their citizens’ info safe and sound in their warm and cozy little hands.
Stock gapped up 12% by the time I saw it so not sure what to do. Could be good given that China would be perfect for this cloud stuff, much better than places with poor infrastructure like Africa. If you go to the Yahoo message boards, it looks like the story is out so its a mugs game now.
One problem with little computers is their ability to have multiple pages open which in my mind, limits appeal/potential in developed countries.
Hmm. I’ll think about it while it tries to fill the gap.
Great site gumshoe
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The main problem will be data security and insurance if violate.
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i have just come across stockgum by trying to find out imformation from google search i heard about $59 dollar computer
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According to another website (justicedept.com) SAIR is a total scam. They call it a ‘pump-and-dump’ scam. They get people to buy the stock (and newsletter) and after the stock rises a bit they sell all they have making the stock drop down to pennies again. They have been investigated and fined by the SEC for fraud.
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THANK U for great article; or else i will be conned (hype newsletters)of 2600 dollars and buy some not so great stocks.
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I want one of those $59.00 computers. Where can I get one to see if it’s worth it?
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I would also like to know how much
is it going to cost after the hype.
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I’ve never heard so much Best Stuff. Most of the ads you get on the internet are hot air. $59 com-
puter ?? Good luck………..
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So . . . has anyone found the $59 computer yet?
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