low price

Michael Corbett manages the No. 5 ranked Perritt Micro Cap Opportunites. Last year Perritt was ranked 13. Perritt had a 21% annualized return for the past 5 years ranking him ahead of 95% of his peers. Corbett recently purchased shares of Smith Micro Software, a wireless-communication software maker.

strong

continue to make good aquisitions for products, 0 debt and potential for upside revenue. lots of short interest?

Upgraded by Jefferies & Co from Hold to Buy

Provides a lot of mobile software to Wireless industry including Vz who has strong growth. The stock was getting pummeled because Vz kept delaying a new Vista device which prevented smsi from delivering their software (Vz/Microsoft issue, not Smith Micro problem). This one has good growth, positive earnings, and although not pure spec it does trade at 39 times current. I felt it was getting too cheap and that Vz will ultimately be ready to place orders- 25% downside, 75% upside.

wireless software. Potential to be acquired for attractive premium

Downgraded by Rodman & Renshaw from Mkt Outperform to Mkt Perform

owned it before will again, think software for wireless is a growth cohort

I dont know why?

Held this for a long time with little to show. Sold it recently, earning only 10% after years of having my money tied up in it.

Its crushing me