June 17, 2005
SpeculatingStocks.com Stock Pick: Xten Networks (XNWK)
Stock Price: $0.84 (speculative strong buy)
Xten Networks, Inc. is a provider of VoIP, Video over IP, Instant Messaging (IM), and Presence SIP softphone. Xten's SIP softphones are licensed and available either pre- configured or as a software development kit (SDK).
Yahoo! recently licensed Xten's eyeBeam software development kit (SDK) to deliver SIP-based PC-to-PC VoIP in the new Yahoo!® Messenger Beta. The director of Yahoo! Messenger called Xten Networks, "the best-of-breed standards-based voice engine provider." Xten Networks continues to gain steam by licensing out its VoIP software, several companies have signed on in the last two months.
The company continues to grow its revenues as it tries to move out of its infancy stage. Volume has picked up since the Yahoo! news and should stick around as the company announces licensing agreements.
SpeculatingStocks.com Target Price: We speculate that XNWK will reach $1.50 within the next 2-4 months.