Before I get to ripping Tim's projections to shreds, I want to give him his props. This is the man who told me to buy Oracle
Unfortunately for Tim, we're not talking about Secure Computing or Akamai today. We're talking Taser -- and on Taser, Tim's dead wrong.
You see, in September 2005, he predicted sales growth of "between 30% and 40% annually for the next five years." Taser racked up 30% in 2005 all right -- negative 30%. It followed that up with 12% growth in 2006. So far, Taser's making very little progress towards what Tim hypothesized would be a "$4.3 billion global market opportunity" in 2015.
Not that it matters, because $4.3 billion was a pipe dream anyway. You see, because Taser's product aims to provide a safer alternative to handguns, its potential market cannot be much bigger than that of the handguns it seeks to replace. And according to a recent filing by Smith & Wesson
Granted, the global market is bigger than that. But like S&W, and like Sturm, Ruger
But no matter. Taser wasn't really growing anyway.