AM Communications ( ticker AMCM ) is a leading provider of plant, headend, and hub management solutions to the broadband industry. AM's solutions provide network operators with greater control over their network's performance levels and reliability, giving them a competitive edge.
100 Commerce Blvd.
Quakertown, PA 18951
Phone: (215) 538-8700
Fax: (215) 538-8779
Javad Hassan, 59 Chairman
Joseph Rocci, 52 VP of Marketing
Roger Jack, 40 VP, Software Engineering
Michael Quelly, 46 VP of Hardware Engineering
Maqbool Qurashi VP and Gen. Mang., AM Broadband Services
Several of the most respected suppliers of broadband communications equipment have incorporated the Company's status monitoring products under their own private label; such as AT&T, General Instrument, Augat Communications, Philips and Hewlett-Packard and Lucent. In fact, the company?s AM OmniVU software provides standard interfaces to other systems through relationships established with industry leaders such as Hewlett-Packard, Arrowsmith, OSI, and others. The Company sells directly to cable operators and telco's including Cablevision, Comcast, Adelphia, Cable One, TCI, AOL Time Warner, GTE, Sprint, Pacific Bell, and others. Additionally, the Company has OEM sales relationships with the major equipment providers and integrators including AT&T, General Instrument, ADC, Also have major CableTV operator(s) in Europe, through Philips and other European partnerships. Also in Australia, Japan, and Korea.
AM communication products have been indorsed by some of the most prestigious leading names in the cable, phone and internet industry. In fact, John Koval, Vice President of marketing of General Instrument repeated this message, stating: GI's decision to go with AM was based upon several critical factors: first, AM's open product architecture encourages active participation by the HFC equipment manufacturers and third party software vendors. Second, the telecommunications industry is rapidly becoming a multi-vendor environment where network equipment must be managed as part of a single, cost effective solution. AM's practice of cooperative engineering is an essential ingredient in making this a reality. Third, by devising a direct-connect solution with AM that obviates the need for proxy agents and additional computing hardware, management of Omnistar becomes practical and affordable,' continued Koval. Thus, AM communications is also capitalizing on the ?friends and backers theory? as well.
Constant connection, Faster connection, Better entertainment and games, & Increased productivity.
Residential Subscriber Growth
Residential broadband connections are projected to grow tenfold by 2003, to almost double that of business connections.
1999: 1.92 million
2003: 20.73 million (projected)
1999: 3.51 million
2003: 11.30 million (projected)
ONLY 2 MORE YEARS TIL 2003! Thats a lot of growth for Cable & DSL Broadband!
Number of U.S. residential broadband cable subscribers in 2000: 1.6 million
Number of U.S. residential broadband DSL subscribers in 2000: 330,000
Percentage of total households with broadband connection as of September 2000 11%
Increase from April to September 2000 of U.S. households using DSL or Cable modem: 120%
While dial up declined 9% during same period.
Total number of U.S. Broadband subscribers in 1999: 5.43 million
PROJECTED total number of U.s. BROADBAND subscribers in 2003: 32 million!!!!!
Projected percentage of U.S. Broadband market that cable modem and DSL will constitute in 2003:66.67%
With all this AM Communication is due for massive growth!
Being listed on the OTC BB would lead most investors to believe AMCM was a start-up, however they have actually been in business since 1974. In fact, AM has over 400,000 network transponders deployed worldwide, more than 400 broadband data communications and HFC networks are monitored using solutions from AM, over 300,000 plant miles are supported with products and expertise from AM, and their systems have been deployed and supported in 23 countries across 5 continents.
Jay Hassan, Chairman, AM Communications Chairmen, commented in the earnings release, "We are very pleased with our second consecutive quarter of profitability. Our operating model is starting to show the results we were anticipating as a result of the major restructuring efforts we have been undertaking over the past several quarters. … Our gross profit is up given the lower manufacturing costs structure resulting from the NeSTronix outsourcing arrangement announced in January, and overall, we have a much more efficient engineering development team." Simply, it appears AMCM are clicking on all cylinders.
Backlog has grown to unmatched levels in their long history. AM Communications has a lot of upside especially if their results continue to improve.
Mr. Hassan joined the Company in November 1998 as Chairman of the Board. Prior to joining the Company, Mr. Hassan held senior level positions at AMP, Inc. from 1988 until he was named President of AMP Communications Systems Business, a division of AMP, Inc., in 1995. He previously had a 20 year career at IBM, starting in 1968 as an engineer, and subsequently promoted to head of the IBM East Fishkill semiconductor facility and of IBM's Tape Drive Division. Mr. Hassan is the founder and principal shareholder of NeST Technologies, Inc., a U.S. headquartered technology services company which provides and receives services to and from NeST (P) Ltd. located in India. He currently serves as Chairman of the Electronic Development Commission for the Government of Kerala in India. Mr. Hassan also serves as Chairman of NeSTronix and e-Cell Technologies, Inc. and is a director of Fibercore, Inc., a NASDAQ public company ticker FBCE .
The Stock Chart shows AMCM had a high of $3.56 my target is to beat $4.00 so AMCM can get listed on NASDAQ
AMCM will meet all listing requirements for NASDAQ if it can get up and over $4