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Dubi
I think you will see your target price even early.
ES
ES,
I have a lot of patience,
>>4/DSSI :Target price: $2.5 Time:Oct 2006 <<
As predicted in,
(#msg-7956246)
We will wait and see.
Regards,
Dubi
Not many sellers at current price,
Positive momentum supporting stock price and IMO will push it
to 1.8$ pps.
ES
Duby,
i think it's a begining of an up trend, from a technical point of view. i agree that it could be something else, that "cooking", yet, volume is low and stock was dropped back yesterday.
i belive that we will see dssi breaking it's 52wk high (1.74) in a few weeks.
patience is the key !
ES
Last Trade: 1.430 Change: 0.230 ( +19.167 %)
Volume 4 times the average, still low though.
No news, but good going.
Dubi
ES,
Something cooking?
It certainly seems so.
GLTY
Dubi
Comverge Announces Bill Pristupa as New Senior Director of Supply Chain
Wednesday October 5, 1:34 pm ET
EAST HANOVER, N.J., Oct. 5 /PRNewswire/ -- Comverge, Inc. announced today that Mr. Bill Pristupa has joined Comverge, Inc.'s Solutions Group as the Senior Director of Supply Chain. Mr. Pristupa will manage Comverge's Global Manufacturing Operations.
Mr. Pristupa comes to Comverge from a distinguished career at Motorola, Inc. where he most recently headed up a Global Manufacturing Operation. Mr. Pristupa gained extensive experience in managing Motorola's world class manufacturing facilities and outsource partners across the globe. During his career at Motorola, Mr. Pristupa also led development engineering and business development activities. His work helped to drive the success of Motorola's 2-Way Radio, Paging, Energy Systems, and Embedded Communications Groups.
"We are extremely fortunate to have Bill joining our team," said Comverge Solutions Group President and COO, Ed Myszka. "Bill's role is to ensure that we excel in every aspect of the supply chain and to ensure that we fulfill our commitment in demonstrating operational excellence in our core competencies of Quality, Innovation and Customer Intimacy. Bill's accomplished background will make him an invaluable asset to Comverge and our customers, as we continue to realize our goals of delivering every component on schedule and to our clients' precise specifications."
Mr. Pristupa commented on his enthusiasm for the position, stating, "I'm excited to join the talented team at Comverge. I look forward to optimizing our supply chain to ensure our customers' complete satisfaction by providing them world class quality and delivery performance."
About Comverge, Inc.
Comverge, Inc., The Power in Power Technology(TM), is a leading energy intelligence company whose investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc. (OTC Bulletin Board: DSSI - News), E.ON Venture Partners GmbH (NYSE: EON - News), Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures (NYSE: NHY - News), Rockport Capital Partners, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies. Comverge is represented across the world with offices and research facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel Aviv, Israel. Providing software and system solutions to over 500 clients in the electric utility industry, Comverge implements both integrated and outsourced solution based models for remote meter reading, distributed generation monitoring, and time-of-use billing and demand response, and direct or voluntary load control initiatives. For more information visit http://www.comverge.com.
Media Contact
At Comverge, Bud Vos, Vice President of Marketing, 973.884.5970, bvos@comverge.com
Source: Comverge, Inc.
http://biz.yahoo.com/prnews/051005/nyw157.html?.v=27
Dubi
ES,
I am in since recently, have done my DD, and holding
2200 shares at $1.33 average.
IMHO, its fair price should be considerably more, but than
their record of promise is not too assuring.
A pretty good risk/ratio level.
GL,
Dubi
Comverage - big promiss
Dubi,
DSSI is undervalued - only 11 mil ! own 25% of Comvarege.
Comvarege market cap worth much more than 44 mil !
ES
Incidentally, Comverge Inc., a subsidiary of DSSI - Data Systems & Software (OTCBB: DSSI), also develops wireless monitoring of power plants and service. Yesterday, the company announced that, together with Emerson Electric Company (NYSE: EMR), it had developed a special thermostat for measurements in power stations. DSSI is another one of those companies that never fulfilled their promises to their investors. For reasons that are unclear to me, the company’s shareholders still have confidence in its management.
Published by Globes [online] - www.globes.co.il - on September 22, 2005
http://www.globes.co.il/serveEN/globes/nodeView.asp?fid=1052
Dubi
Comverge, Inc. and Emerson Climate Technologies Announces Production Release of Demand Response Enabled Thermostat Platform
Wednesday September 21, 3:40 pm ET
White-Rodgers/Comverge is the most comprehensive thermostat platform for existing and emerging demand response initiatives
LONG BEACH, Calif., Sept. 21 /PRNewswire/ -- Comverge, Inc., a leading energy intelligence company, and Emerson Climate Technologies(TM), a business of Emerson Electric Company (NYSE: EMR - News) today announced the production ready release of a demand response capable thermostat platform for electric utility peak load management programs including the California based Automated Metering Initiatives (AMI) that integrate demand response with automated meter reading. The thermostat, along with the innovative utility load management software, will be on display at the 2005 AMRA International symposium in Long Beach, CA. (Booth number 919)
Developed jointly by the two companies, the programmable digital thermostat features an integrated wireless communications module and can be used in commercial or residential applications for peak load management. The formal release of this product to the market provides a revolutionary design and solution capable of satisfying the requirements of a wide variety of customer requirements -- including direct load control, price response and critical peak pricing load management models used to manage peak energy.
"Comverge is excited to announce the formal release of this product to the AMI and demand response market," Bud Vos Vice President of Marketing, Products and Strategy for Comverge. "As a market leader in demand response solutions, Comverge and White-Rodgers have developed the next generation thermostat platform with a high degree of functionality, configurability and operability to satisfy nearly every load management program requirements in a single platform."
The Comverge/White-Rodgers thermostat platform provides all of the features required for effective demand response programs. These include:
* Traditional load management cycling control strategies and advanced
price response solutions.
* Upgradeability from one load management program structure to another
without a site visit.
* Compatibility with a wide variety of HVAC systems within a single
thermostat product.
* Simple installation using a power stealing design that doesn't require
installation of any components in the HVAC air handler.
* Extremely easy for homeowners to use, with advanced programming, a
large, easy-to-use digital backlit display.
* Single solution that can be used for commercial and residential
applications.
"White-Rodgers and Comverge have worked in a true partnership to bring this product to market," said Ron Miles, Vice President of Sales and Marketing Distribution for White-Rodgers. "This partnership illustrates the advanced products that are capable of being brought to market through innovation and strong collaborative relationships."
About Emerson
Emerson (NYSE: EMR - News), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2004 were $15.6 billion. For more information, visit http://www.GoToEmerson.com.
About Emerson Climate Technologies
Emerson Climate Technologies(TM), a business of Emerson, is the world's leading provider of heating, ventilation, air conditioning and refrigeration solutions for residential, industrial and commercial applications. The group combines best-in-class technology with proven engineering, design, distribution, educational and monitoring services to provide customized, integrated climate control solutions for customers worldwide. Emerson Climate Technologies' innovative solutions, which include industry-leading brands such as Copeland Scroll(TM) and White-Rodgers®, improve human comfort, safeguard food and protect the environment. For more information, visit http://www.emersonclimate.com.
About White-Rodgers
White-Rodgers, part of Emerson Climate Technologies, has been a leading provider of home comfort solutions, including thermostats, gas ignition controls, electronic and media air cleaners and humidifiers since 1937. The company was the first U.S. HVAC manufacturer to earn ISO 9001 certification. Its ComfortPlus(TM) line is an innovative home environment system that brings together White-Rodgers technologies and support tools that ensure residential heating and cooling systems operate at maximum efficiency. White-Rodgers programmable thermostats are among the most accurate on the market. White-Rodgers is headquartered in St. Louis. For more information, visit http://www.white-rodgers.com.
About Comverge, Inc.
Comverge, Inc., The Power in Power Technology(TM), is a leading energy intelligence company whose investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc. (OTC Bulletin Board: DSSI - News), E.ON Venture Partners GmbH (NYSE: EON - News), Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures (NYSE: NHY - News), Rockport Capital Partners, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies. Comverge is represented across the world with offices and research facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel Aviv, Israel. Providing software and system solutions to over 500 clients in the electric utility industry, Comverge implements both integrated and outsourced solution based models for remote meter reading, distributed generation monitoring, and time-of-use billing and demand response, and direct or voluntary load control initiatives. For more information visit http://www.comverge.com.
For more information about Emerson Climate Technologies, contact:
Tony Castillo
Tcastillo@sabatinoday.com, 937.859.0599
For more information about Comverge, Inc., contact:
Bud Vos
bvos@comverge.com, 973.884.5970
--------------------------------------------------------------------------------
Source: Comverge, Inc.
http://biz.yahoo.com/prnews/050921/nyw202.html?.v=9
Dubi
Data Systems & Software Inc. Announces Results for the Second Quarter and Six Months Ended June 30, 2005
Friday August 12, 5:47 pm ET
MAHWAH, N.J., Aug. 12 /PRNewswire-FirstCall/ -- Data Systems & Software Inc. (OTC Bulletin Board: DSSI - News) today announced results for the quarter and six months ended June 30, 2005.
Sales in the first six months of 2005 increased by $1.1 million, from $14.6 million in the first six months of 2004 to $15.7 million in the first six months of 2005. This increase was due to increased sales in both segments, particularly in the first quarter of this year. Sales in the second quarter of 2005 decreased in comparison to those in the second quarter of 2004. The decrease in sales was due to a $0.5 million decrease in computer hardware sales, partially offset by a $0.3 million increase in software consulting and development sales.
Gross profit in the first six months of 2005 increased by $0.2 million compared to the first six months of 2004, due to increased gross profit in both segments in the first quarter of this year. Gross profit in the second quarter of 2005 decreased by $0.1 million in comparison to the second quarter of 2004, due a decrease in gross profit in the Company's computer hardware segment.
Selling, marketing, general and administrative expenses in the first six months and second quarter of 2005 increased by $0.3 million and $0.2 million, respectively, as compared to the same periods in 2004. The increase was due to increased compensation expenses and professional fees. Although the Company expects this increased level of expense to continue in the third quarter, they are expected to decrease significantly in the fourth quarter of this year with the closing of the transaction for the sale of dsIT's outsourcing consulting business.
The Company's share of Comverge's net loss of $6.1 million for the first six months and $3.0 million for the second quarter of 2005 was $0.4 million and $0.2 million, respectively. As the carrying value of the Company's investment in Comverge's common stock and preferred stock has been reduced to zero, the Company will no longer be recording equity losses in Comverge.
On July 27, 2005, the Company and the other shareholders of dsIT entered into a definitive agreement for the sale of dsIT's outsourcing consulting business to Taldor Computer Systems (1986) Ltd. (TASE: TALD) for approximately $6 million in cash. The price is subject to adjustment under the terms set forth in the agreement. The Company's net share of the purchase price is expected to be approximately $3.5 million. The closing of the transaction is subject to consents and approvals, including approval of various Israeli government authorities, dsIT's banks and certain other parties.
Mr. George Morgenstern, President and CEO of DSSI commented: "The results in the second quarter suffered from the volatile nature of the computer hardware market and a decrease in consulting sales, due in part to dsIT being in flux as a result of the pending sale of this business. We are close to completing the sale of dsIT's consulting outsourcing business. We believe our increased focus on dsIT's project and solution business, which the company will be retaining, will allow us to better leverage our expertise and reputation in developing and marketing solutions in the defense, homeland security and commercial areas."
Data Systems & Software Inc. (OTC Bulletin Board: DSSI - News) is a provider of software consulting and development services, and is an authorized direct seller and value added reseller of computer hardware. In addition, its Comverge Inc. equity affiliate provides energy intelligence solutions to utilities. Additional information about DSSI is available at http://www.dssiinc.com.
http://biz.yahoo.com/prnews/050812/nef017.html?.v=15
Dubi
CHAIRMAN'S LETTER
To Our Stockholders
In 2004 to date we have improved our operating results over those of 2003. For the three months and nine months ended September 30, 2004 our consolidated operating segments showed improved results over those in the comparable 2003 periods, with our losses in 2004 being primarily attributable to our continued share of losses from our Comverge equity affiliate and costs associated with a discontinued strategic transaction.
While we have succeeded in reducing the overhead expenses associated with our corporate activities, the costs associated with being a public, Nasdaq-listed company continue to increase dramatically to the point of being almost prohibitive. Your management and the Board of Directors have therefore continued to explore various strategic alternatives for our company.
We believe that our company must proceed in one of three directions at this time. The first is to continue to endeavor to grow our operating businesses while reducing costs in both the operating segments and in our corporate activities to the point that we will be cash flow neutral. If successful, this should allow us to continue as a public company until we have an acceptable Comverge exit, such as a possible Comverge initial public offering. This would allow us to “unlock” some of the value, which I know we all believe Comverge has, for stockholders of DSSI. Our recent sale of a portion of our Comverge shares has given us sufficient liquidity for now and we do not wish to sell any more of our Comverge shares. However, should we require additional liquidity to fund our activities or additional shareholders equity to satisfy Nasdaq listing requirements, we would need to consider selling equity in DSSI.
Second, we are also considering selling part of one of our operating segments. The cash from the sale would improve shareholders equity, provide liquidity for our remaining operations and facilitate maintaining our Nasdaq listing until we achieve an acceptable Comverge exit.
Finally, we are also actively exploring a merger or similar transaction with a privately-held operating business. Ideally, such a transaction would increase shareholder value by creating a combined company with improved liquidity, cash flow, earnings and potential for future growth. The additional size associated with the merged business would rationalize our costs by spreading the expense of being public over a greater revenue and income base.
While there is no assurance that we will be able to conclude any transaction along the lines described above in a timely manner, your management and the Board continue to work diligently to identify and complete a suitable transaction. I believe and it is my fervent hope that in the near future we will be able to announce and conclude a suitable deal that will enhance the value of your DSSI shares.
George Morgenstern
Chairman and Chief Executive Officer
November 30, 2004
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