Attached Link: http://quote.fool.com/summary.aspx?s=SMSI

> Quote - The entire Stock Market has been swinging up and down lately.  So it's not surprising if Smith Micro has gone along for the ride.

Waitaminute - were there any stock splits involved here? It's common for the price to slice in nearly half during a stock split (which is BTW a good thing, folks). ouch - that wasn't a split... Okay, I'd go by the WSJ summary, but since not everyone has a sub to it, I'll have to scrounge a bit. The stock dropped at around the time they had to basically 'fess up to not doing their financials right. Let me see if I can find it online... Ah. Here it is: http://biz.yahoo.com/e/071114/smsi8-k.html Seems that something went 'splat' in the accounting department, and Smith Micro was forced to tell the SEC that they screwed up (err, overstated) their earnings statements. The relevant bit is this: "On November 8, 2007, the Audit Committee of the Board of Directors of Smith Micro Software, Inc. (the "Company") determined that it was necessary to restate the Company's financial statements as of and for the year ended December 31, 2006 and as of and for three and six months ended June 30, 2007. The restatement is necessary to correct an error in the presentation of tax benefit related to the exercise of stock options in the Company's consolidated statement of cash flows in accordance with Statement of Financial Accounting Standards No. 123(R), Share-Based Payment." This would've gone mostly unnoticed however due to SMSI's size, until you see this: " Smith Micro (SMSI) reported an 81 percent fall in quarterly profit, hurt by mounting operating expenses. Revenue of the wireless communication software products developer rose 38 percent to $20.4 million from a year ago." - from http://www.marketwatch.com/news/story/story.aspx?guid=%7B451F6479-9712-4351-8913-FBEC0FE385CC%7D&link=http://www.247wallst.com/2007/11/smith-micro-sms.html BUT - nowhere does it mention the 8-K correction statement (which came later and explained why the earnings were so pitiful). In fact, a quick peek shows that Analysts, who expected 21 cents per share earnings, didn't get them - hence the price punishment. Long, ugly story short? The stock price was due to bad timing in their audits and their earning reports, IMHO. SMSI will likely survive just fine. You don't go buying other companies if you're dying... that's just stupid. /P BTW - this is what Smith Micro told the SEC about purchasing Poser and the rest of the pile: http://biz.yahoo.com/e/071115/smsi8-k.html