Headquartered in Aliso Viejo, California, Smith Micro Software Inc. is a leading developer and marketer of wireless and broadband communication. They also develop and market PC utility and diagnostic and ecommerce software products and services. Trading on NASDAQ, their software products and services find use across several platforms including Windows, Pocket PC, Mac, Palm, UNIX, and Linux. The company’s cross-platform software products are for personal computing and enterprise business solutions.

Smith Micro focuses on Internet and broadband technologies. Their products enable wireless communications, eBusiness, Internet communications (voice-over-IP), and video conferencing. In addition, they enable network faxing, as well as traditional computer telephone processes.

The company continually develops state-of-the-art communications software for the wireless industry. Their compression software solutions enable compression, security, and archiving of data including JPEG, MPEG, and MP3 platforms. Their compression technology StuffIt® is an industry standard and has been since 1986. The company’s new StuffIt

Trading on NASDAQ as part of the Internet Software and Services industry, iBasis Inc. is a leading wholesale carrier of international long-distance telephone calls and a provider of retail prepaid calling services. Founded in 1996, iBasis also provides enhanced services for mobile operators. With corporate headquarters in Burlington, Massachusetts, the company is one of the largest carriers of international voice traffic in the world today. This is due to their acquisition, last October, of KPN Global Carrier Services. KPN is now a majority stockholder of iBasis Inc.

With the acquisition of KPN, iBasis expanded their product portfolio to include guaranteed CLI and roaming capabilities and mobile data services. Over 1,000 fixed and mobile carriers worldwide use their scale and global network to further their international voice operations. The company’s client base includes KPN, KPN Mobile, E-Plus, BASE, Verizon, Vodafone, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, Telefonica, and Yahoo.

Your cell phone bills may start to get cheaper. Why? Well just like traditional fixed land-line prices dropped to virtually nothing due to new technology, most notably Voice Over IP (VOIP), the same thing may very well happen to your cell phone as well. An Israeli hi-tech start-up, Spikko ltd. is set to launch a free cellular telephone service for handsets with at least 3G capabilities.

According to a report in Globes: “Each subscriber receives the company’s SpikkoPhone software and an Israeli telephone number, which is used to make calls and accumulate airtime, allowing for the placing of calls for free anywhere in the world. The service also offers video and chat services, and will soon also offer e-mail and instant messaging.”

Currently it’s available in Israel only, but the company is working on making the service available internationally. The company estimates that customers will save between 40-80% off

Shares of Audiocodes (AUDC), an Israeli provider of Voice over IP (VOIP) technology, are surging on the heels of a strong earnings report. The company reported record earnings, an indicated strong growth for the remainder of this year as well as for 2009.

This small VOIP company has long been overlooked by the financial community, but the fundamentals make this an interesting play for long-term investors.

The company has a PEG of less than 0.6, and has over $137 million in cash and cash equivalents. Audiocodes has a market-cap of $177, which means that it’s trading at a discount to revenues as well. Throw in a 4,000,000 share buyback and this could be a sleeper.

Investors should be aware that for the last 3.5 years, shares in Audiocodes have gone in just one direction, straight down. …