“The Truthseeker initiates coverage on Perle Systems (NASDQ:
PERL) with a immediate sell/short sell and a price target of
2.”
“Perle Systems is being mistaken by daytraders as a “LINUX
play” as though its products have anything to do with the current
market interest in the free LINUX operating system. Nothing could
be further from the truth. Its announced LINUX and Windows drivers
for its boards is a NONEVENT, and adds nothing to the market value
of the company.“
“Perle sells hardware boards which enable serial connections
when plugged into a computer. Its products support dial-up
connections via modem, ISDN, T1 or E1 connections. Its boards are
not proprietary — there are numerous competitors in this market,
and Perle’s offerings are basically commodity items, not protected
by patent or other barrier to entry. Named competitors include
Shiva, Cisco, Ascend, Digi International and 3Com, as well as a
numerous others.”