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Tuesday May 16th 2006

'Micro Scope'
SMSI  (SMITH MICRO SOFTWARE, INC. )

"Smith Micro Software Inc. (SMSI)!
It is a pure play on one single buzzword - it's a pure play on convergence!

Convergence is about getting all your different gadgets into one gadget.

There aren't many pure plays in convergence; we keep reading about convergence but we don't know how to play it, and the way to play it is SMSI.

When you get a pure play on a buzzword, that stock should go higher!

Convergence should be on everybody's lips for months, if not years.

As long as it's in circulation, SMSI is worth owning.  These guys at SMSI do three things. 

First, if you go to Verizon, to get a new cell phone, and you decide to get a music phone, you're buying SMSI's software.  They make the software that lets you download music to your phone.

Smith has two other businesses. 

They make software that work with wireless cards; this wireless data card business is booming!

 As long as it's in circulation, SMSI is worth owning.  These guys at SMSI do three things. 

First, if you go to Verizon, to get a new cell phone, and you decide to get a music phone, you're buying SMSI's software.  They make the software that lets you download music to your phone.

Smith has two other businesses. 

They make software that work with wireless cards; this wireless data card business is booming!

 The third thing they do is still in development; it's not making money yet.  But it's a new a new compression format that lets you shrink video and picture messages by 30%.

This business is both hot and unknown, but now you know.

This thing is cheap; it's a bargain-basement stock.  I am not saying that SMSI will triple. But could it double, from $11 and change to $23.  That makes sense to Cramer! 

The bottom line!:  SMSI is the kind of stock you need to be looking at; a stock you understand better than Wall Street does!
Tuesday Night's Stories

 'Industrial Strength'
Discussion about George David, CEO of United Technologies

'Micro Scope'
 It is a play on one single buzzword - Convergence!
                
Jim Cramer's comments regarding a stock that he recommended that tanked

 I give myself an 'F' on BKHM  (BOOKHAM, INC. ).
 I wasn't as skeptical as I might have been, and the result was a real bad call.

The bottom line!:  I've made the mistakes, so you don't have to. Play by the rules.  If you want to try to make money, you need to follow my rules - rules you can find in my book, Jim Cramer's Real Money: Sane Investing in an Insane World.
Those rules exist because of the horrific mistakes that I've made, and I want you to avoid.