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A tech powerhouse I've been tracking closely has gained some 290% over the past five years.
Plus, a beat-and-raise quarter sent its shares up more than 6% on Nov. 6, when the Nasdaq was still in a correction.
That kind of strength in the face of weakness is reason enough to watch a stock.
But I've got more personal reasons for following this big winner.
See, I personally played a small role in its success.
During my 35-plus years in Silicon Valley, I've served as a venture capital firm board member – and I've acted as a senior adviser to a dozen tech startups.
That's a practice I continue today.
While I'll bet no one at this tech firm realizes it, during its big run-up, it bought one the startups I advised – and that $126 million acquisition played a substantial role in its growth.
With that in mind, today I'll show you why this Valley leader is making moves up while most of tech is tumbling.
And then I'll show you exactly how long you'll have to wait to pick up your own triple-digit returns on its stock (Hint: it's not long).
Check it out…
The Story Behind the Story
Hardly a day goes by that I don't use my VC background to help my readers score market-crushing gains.
But it's rare that I get this much of a front-row seat to potential triple-digit gains.
That's why, before I reveal today's recommendation, I want to tell you a little more about that startup.
I can't tell you how excited I was to get a chance to represent WhereNet. Based in Santa Clara, Calif., it boasted terrific technology in a field close to my heart.
See, I grew up in a military high-tech household and began following sensors while still in high school. I knew they were not just a key part of our defense arsenal, but had a wide range of applications.
Indeed, sensors are now at the core of our tech-centric economy. You'll find them virtually all around you, embedded in your phone, tablet, car, video game console, and security systems.
I helped WhereNet develop strong corporate brand recognition. The idea was to create enough value in the minds of investors that we could raise venture capital, and then parlay that into a successful IPO or a takeover by a larger established firm.
Like any great Valley startup, WhereNet had a unique focus. Its sensors were what are known as radio frequency identification (RFID) tags.
These small wireless devices are attached to physical objects to allow users to identify and track their assets. At the time, WhereNet was focused on logistics and supply-chain management.
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After receiving $54 million in venture funding, the aggressive startup boasted such Fortune 500 clients as The Coca-Cola Co. (NYSE: KO) and Ford Motor Co. (NYSE: F). The latter invested in WhereNet, along with the former Sun Microsystems.
These big players found WhereNet's platform irresistible. It could manage inventory, track containers, monitor job orders, connect wireless call systems, and locate property – virtually in real time.
WhereNet's approach was to use active devices. That means they were equipped with batteries, and the self-powered feature made them more viable in harsh conditions or for tracking assets in motion.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.