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TELV Televideo (TELV)

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Last Post: 3/21/2005 12:54:30 PM - Followers: 0 - Board type: Free - Posts Today: 0

POSTED 2/2/2005 MARCH 2005 FORWARD EVENT STOCK. PINK SHEETS: TELV TELEVIDEO Address: 2345 Harris Way San Jose, CA 95131-1413 USA Website: http://www.televideo.com Full-time employees: 23 Current bid: .135 Current ask: .15 Market cap at current .15 ask: $1,696,500 O/S 11,310,000 shares All insiders as a Group own 7,185,324 shares or 63.5%. PUBLIC FLOAT: 4,124,676 SHARES The Company's sales are represented in principal by two main products, thin clients and terminals. Below is the structure of sales of these products for each of the three years ended October 31, (in thousands): Product 2003 2002 2001 ThinClient $ 6,275 $ 5,565 $ 3,138 Terminals 2,209 2,328 3,278 Others 151 135 400 Total $ 8,635 $ 8,028 $ 6,816 THIN CLIENT BUSINESS BEING SOLD FOR $5 MILLION CASH (.44 a share) PLUS INCENTIVES REPRESENTS APPROX. 72% OF COMPANY. RECENT ACQUISITION NEWS: Associated Press Neoware Agrees to TeleVideo Asset Buy Wednesday January 12, 11:58 am ET Neoware Systems Agrees to Buy TeleVideo Thin Client Business Assets for $5M, Plus Incentives KING OF PRUSSIA, Pa. (AP) -- Software and computer services company Neoware Systems Inc.(NASDAQ: NWRE) reported Wednesday that it agreed to acquire TeleVideo Inc.'s thin client computer business for $5 million in cash plus potential performance incentives. Thin client computers are units that usually lack internal disk drives and must be hooked up to a network to function. The acquisition, which is expected to close in March, is subject to regulatory approval. Additionally, Neoware will become Televideo's exclusive distributor immediately. TeleVideo will also serve as Neoware's sales agent in Korea. Neoware shares fell 5 cents to $8.32 in morning trading on the Nasdaq. DISCLAIMER: Anything can happen, and probably will.
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#5   TELV .15/.17 on 33k, and moving up. cagney 03/21/05 12:55:12 PM
#4   I tell ya, its the story of my cagney 02/09/05 03:53:14 PM
#3   Being TELV, I get no respect, no respect cagney 02/08/05 02:46:09 PM
#2   I tell ya, being TELV I get no cagney 02/04/05 02:51:27 AM
#1   TELV looking better today after thin client buyer cagney 02/02/05 03:42:25 PM
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