Robert McWhirter
Sirit inc.
SI-T
HOLD
Sep 15, 2006
A substantial participant in the Radio Frequency Identification (RFID) space. Have a steady cash flow from a legacy side but I still spending a ton of money on future opportunities, but clients are slow in accepting. It will be 6/12 months before they come out the other side.
Electronic toll collection is the main source of their income. Recently signed a contract with a Japanese phone company. Made a good acquisition giving them a portfolio of patents. As the market moves towards the Radio Frequency ID space, they should do well. Have yet to turn the corner on earnings. Speculative.