The Update share is just about to sky rocket. There will be in the near future new announcements regarding acquisitions and partnerships. Update will be agressively expanding through acquisitions of companies not only being categorised as competition or copmanies being active in similar business fields but also companies opening new markets and bringing in latest technologies.
Update is further looking at investing in the Bluetooth technology and there through securing a move into interactivity also with hardware.
The share is extremely undervaluated and we reckon that the right level should be around EUR 120-150. We recommend a strong buy and expect the share to hit the level of EUR 70 already within two months - as previously been forecasted. ---
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