Secure seamless wireless connectivity software and related services provider to Birdstep Technology ASA (OSE: BIRD) announced yesterday that its 2011 revenue will fall short of expectations mainly due to postponements of orders from 2011 to 2012. The company was guiding revenue to exceed 2010 levels but now says that will not happen.
Just several days ago Birdstep announced one of its largest orders to date, with an initial value of 1.6 million USD, deal for EasySmart with North American operator. The company says it had been expecting this order already in Q4 2011. The stock price retreated some 6% and has been on a losing streak since the beginning of the year, back to the levels where it has been trying to bottom out for several months already.
Birdstep released its 2012 predictions on the company blog few days ago. The company foresees failures in the certificate authority system to continue.It also touches base with the looming IPv4 Address Exhaustion, due in Europe by this summer, and says that the transition to IPv6 and related technologies and their adaptation will see a large uptick during 2012. Finally Birdstep predicts that Windows XP will still not be going away for quite some time, despite Windows 7 finally overtaking it as the leading desktop OS in 2012.
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