Due to PIE putting all their eggs in one basket with Telstra, their web phone is now prehistoric compared to what's now out there internationally. Just over 2 years ago the first iPad was released. Now pretty much everyone has one. All you need is a wi-fi hotspot or (3/4g connection) and you have a webphone. Technology moves fast. If you don't move quickly, you get left behind. PIE is now over 2 years behind. IMO it's way overvalued at the current SP. My current holding won't even buy me an iPad :(
NWZ Price at posting:
0.4¢ Sentiment: None Disclosure: Held
