8x8 (Packet 8)

8x8 (Pure VoIP company).

Just had its 1st ever profitable quarter (500k GAAP earnings)

Thoughts?

Is this a sign the company will do well in the next few years, turning the increasing subscriber rates into increasing profits?
 
No fibre/wire. They're not a telecom or cable company, simply a VoIP provider.

~90mil market cap
This past q
+ cash flow
+ earnings
+ revenue
+ no indications of patent infringements

They're most recent presentation tells it better than I could in words so I'll just link it..
http://www.8x8.com/file.php/190/8x8_Company_Overview_070702.pdf

Personally, I think this company is a good short term & long term buy as they've turned the quarter from losses to profit; the VoIP industry as a whole will be growing substantially over the next few years; and they're cost consious.

Given this is a tiny company, its tough to find much analysis about them, so just throwing it out on this board to see if anyone has followed them
 
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