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LFWK, (ksuave)...Looks like book value is $0.044 compared to this morning's share price of $0.03. (This is according to '05 y/e statement filed feb 15, 2006)....
https://www.otcstockinfo.com/repository/659027/659027_FR7.pdf
Cash per share = $0.0265.
Sajabros, the company they're merging with, did $25.6M in sales last year with $2.5M in net income.
http://www.suljabros.com/Financials.pdf
Doesn't look too bad.
Thanks.
PKCY, Re: IMI/Cannon agreement...This was an approx $3M agreement that looks like is only good for a year.
From 8k dated 8/11/05...
ARTICLE 3.
TERM
This Agreement shall commence on the date hereof and continue for one (1) year from the date hereof...
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001038838%2D05%2D000726%2Etxt&FilePath...
Can someone please look at 8k and confirm if I'm reading this right? This would mean the possible re-signing of a new contract come Aug, which means more revenues and profits for Park City.
(In October and November PKCY started 6 new pilots with grocery and convenience store chains through the Cannon Equipment contract.)
PKCY patents / Re: Oracle agreement...
If Oracle's licensing Park City's intellectual property, who's next?? Microsoft?
Licensing revenue is pure profit, no?? (Would like to know the terms of the agreement and in what way Oracle will be utilizing the patented technology. The patents are listed below.)
From the PKCY / Oracle PR..."We believe that there is a very substantial opportunity for licensing parts of our intellectual property."
"What makes this agreement unique is that we have licensed the intellectual property itself. This represents a new and separate source of revenue for us. The licensing of a patent has much broader implications and as such the size of these agreements can be significant."
There are currently 4 patents registered under Randall k. Feilds, PKCY's CEO. Here are the abstracts of those patents with the link below....
United States Patent 5,712,985
January 27, 1998
System and method for estimating business demand based on business influences
Abstract
A demand forecasting and production scheduling system and method creates production schedules for various business items describing a forecasted demand for the business items in a number of future time intervals. The system includes a computer managed database of various profiles, including a base profile for each business item, and a number of influence profiles. The profiles describe variations in demand for the business item in a number of time intervals. The base profile describes an underlying level of demand for a business item that is anticipated for the business item absent any influencing factors, such as promotional sales, holidays, weather variations, and the like. The variations in demand for the business item due to such influence factors are stored in the database as influence profiles. The influence profiles may be either standard, percentage, or seasonal. The forecasted demand for a business item in a number of future time intervals is determined by selective combination of the base profile for the business item and any number of influence profiles. The forecasted demand is stored in the database in a forecast profile. From the forecast profile a production schedule is created, and the business item provided according to the production schedule. Actual demand for the business item is monitored and stored. The variation between actual demand and the forecasted demand is used to update the base and influence profiles. From the updated base and influence profiles the forecasted demand is redetermined, and the production schedule updated accordingly.
United States Patent 5,459,656
October 17, 1995
Business demand projection system and method
Abstract
A business demand based control system and method stores past business demand data during past time intervals for use with other data to compute business demands in such manner that the past business demand data is used to project the business demands in current and near-future time intervals. The system measures and stores the business demand data for a plurality of time intervals and a plurality of products or tasks, and projects the business demand for a plurality of products or tasks for near-future time intervals using percentage based demand curves. The system allows the creation of a number of demand curves for the items to determine near future demand, using defined functions and variables. Business demand projections for current and near-future time intervals are revised for a plurality of business items in response to variances in actual business demand data in time intervals just prior to the current time interval.
United States Patent 5,299,115
March 29, 1994
Product demand system and method
Abstract
A product-demand production-control system and method stores past-product demand data during past time periods for use with other data to compute product demands in such manner that the past-product demand data is used to estimate the product demands in current and near-future time periods. The system measures and stores the product demand data for a plurality of predetermined time periods and a plurality of products, and preestimates the product demand for a plurality of products for near-future time periods. Product-demand estimates for current and near-future time periods are revised for a plurality of products in response to weighted emphasis or confidence regarding product demand data in time periods just prior to the current time period.
United States Patent 5,111,391
May 5, 1992
System and method for making staff schedules as a function of available resources as well as employee skill level, availability and priority
Abstract
A staff scheduling data processing system and method schedules staff and management personnel at locations remote from a central location by applying central location policy to unique remote location data to insure the optimum staff schedule for each remote site. The system and method includes a data base for storing and retrieving information characterizing: central office policy; applicable labor requirements; tasks that need to be performed; skill levels required to perform tasks; resources that may confine or facilitate the scheduling of a task at a given time; relationships between tasks that will alter the placement or movement of a task on a schedule; employees with associated skill levels and priorities and availability; the employee's start-time and stop time, the percentage of an employee's time that it takes to work on a particular task, and the positive or negative slide in relation to the task's completion time by an employee. Upon request to create a schedule for a given day for a remote location, the system and method selects all the tasks to be performed on that day, and using historical data about that location, the tasks, the skill required to complete the tasks, the available resources, employee availability, and central office policy, creates an optimized display of the required schedules.
http://patft1.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FP...
TGB...Taseko Announces Procurement Details for Gibraltar Concentrator Upgrade
Thursday May 4, 9:15 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 4, 2006 -- Taseko Mines Limited (TSX VENTURE:TKO.V - News)(AMEX:TGB - News) announces further details of procurement for the upgrade and expansion of the concentrator facility at the Gibraltar Mine, located near the City of Williams Lake in south-central British Columbia. The mine is operated under an agreement between Taseko's wholly owned subsidiary, Gibraltar Mines Ltd., and Ledcor CMI Ltd. This upgrade and expansion project will increase the production capacity of the Gibraltar mine from 70 million pounds to 100 million pounds of copper per year by 2008.
Taseko has entered into an agreement with Farnell-Thompson, a Montreal based engineering firm, specializing in grinding mill design and engineering for direct sourcing of the new Semi Autogenous Grinding (SAG) mill for Gibraltar. Direct sourcing reduces the timeline for mill design, engineering and delivery of the mill components. Farnell-Thompson has been active in the global market for SAG Mill sourcing for over the last fifteen years, and recently provided similar services to Newmont Gold Company for the supply of grinding mills for their Phoenix project in Northern Nevada. It is expected that the SAG mill will be delivered in fifteen months.
In conjunction with this work, Taseko has also engaged the Vancouver office of Hatch Ltd. to provide overall engineering and procurement services for the upgrade of the concentrator.
The Company's $62 million dollar concentrator project, announced in late March, encompasses expansion of the concentrator's grinding circuit by incorporating a SAG mill to improve the efficiency of the present milling and crushing system and a complete replacement of the flotation recovery system. It is expected that the expanded milling capacity and upgraded flotation system will decrease Gibraltar's unit operating costs by approximately 10%, while increasing the copper recovery from 81% to 88%.
For further details on Taseko Mines Limited, please contact Investor Services at (604)684-6365 or within North America at 1-800-667-2114.
PKCY...Signed w/ IMI, another billion $$ company last year. Found the info in their shareholder letter from last Oct. It's highlighted below along with a few other things...
(Interesting company. Q3 earnings are due out shortly. We'll see what happens.)...
Dear Valued Shareholders,
We welcome you to our first quarter update of Fiscal 2006! We would like to take this opportunity to do a year-end review of fiscal 2005 and set the stage for fiscal 2006 - a year which we anticipate will be a breakthrough year for the Company.
We believe the most important factor to consider is that our products are rapidly gaining traction in the industry. There is a buzz in the retail industry about our Company, products, services and most importantly, the success our customers are experiencing. This is reflected in their willingness to spread the word about our products and services in industry meetings and publications.
Year End Results for Fiscal 2005
We experienced a bad news /good news end to the year. First the not so good news: FY 2005 ended below what we wanted or expected. We had anticipated a strong finish to FY2005, but some delayed contract negotiations prevented us from meeting our revenue and profit goals. We had planned to complete two large transactions and unfortunately, these opportunities were delayed until FY2006. We have completed one of these transactions at the beginning of the first quarter of FY2006 and hope to have the other transaction completed within the next few quarters. The net result for the year was certainly less in revenue and bottom line that we expected or desired, but since it amounts to a delay, not loss of revenue, the final results are not (to me, at least) a matter for undue concern. The year was a great year in terms of positioning the business and filling the pipeline, but weak from a financial results perspective. There have been dramatic changes since our year end in June, and those changes reinforce our confidence in this coming year (FY2006) and future years.
Preview of Fiscal Year 2006
So far in FY2006, we are doing very well indeed. We have reported one significant transaction (details below) of several million dollars. Additionally, we have booked several other contracts for both licenses and services in the first few months of our year. We anticipate that as FY2006 unfolds, we will see significantly improved revenues and profitability compared to FY2005. I am certain that we all be pleased with our first quarter numbers.
Improvements to Our Balance Sheet
More than two years ago we made a pledge to you - our shareholders, that we would make every effort possible to improve our balance sheet. The results have been dramatic. We have recently (post year-end) paid off a major portion of our debt. We have reduced the senior debt and lines of credit by approximately $2.45 million and achieved an annual interest savings of approximately $414,000 by doing so. This will give us much more financial flexibility and will let us devote more of our budget to building our consulting organization, increasing our marketing efforts and improving market awareness of the company, its products and its services.
New Business Partnership with Major Business Impact and Potential
A transaction of major consequence has recently been completed with IMI plc, a 150 year old, multi-billion dollar, London Stock Exchange listed company. It likely will be one of the most important alliances that the Company has established to date.
IMI, through its subsidiaries, is one of the largest point-of-purchase display companies in the world. It is their vision to be able to offer more than just the displays, but also to provide retailers and brands intelligence about the profitability of items being sold from those displays. This represents a revolutionary departure from simply selling a basic display; we are excited to provide the add-on value in their vision.
Both organizations have been energized by the possibilities that the partnership can bring and many of those opportunities have already been identified and discussed. As a point of fact, we are already initiating several of the engagements with retailers that IMI/Cannon has arranged.
Progress in Our Targeted Markets
While we recognize that almost all businesses can benefit from using our software and services, we have chosen to focus on two market segments that are growing most rapidly. As you have probably seen from the media (including an important article in the NY Times that is linked on our website), both the grocery and convenience segments of the retail market are really in crisis. We see each of these markets being devastated by the impact of value retailers like Wal-Mart, Costco and Target. Grocers are losing major segments of their market to these value retailers and the convenience industry has been devastated by lost revenues from escalating gasoline prices and diminishing profit margins. In other words, these to segments in retail really need what we can do for them: improve their sales, reduce their cost of goods and better manage their labor cost.
We are focusing our attention on developing strategic alliances in these markets so that we can obtain the broadest market penetration possible. We are enlisting the support of industry experts to gain access to the executive management of grocery and convenience store companies. This method eliminates a lot of time and effort required to go through the regular sales channels. The results have taken a little longer than we had anticipated but we are now making progress and anticipate very positive returns in the upcoming year.
Increased Market Opportunities - New Customers Means More Recurring Revenues
At the conclusion of FY2005 we had added five new customers to the Park City Group family. Two were from the grocery industry - Roche Brothers in Massachusetts and Larry's Markets in Washington. Three are convenience store customers - Royal Farms of Baltimore Maryland, C.L. Thomas (Speedy Stop) of Victoria, Texas and Dodge's Stores/Savings Oil of Tupelo, Mississippi.
Two of the convenience store customers were the result of working with a strategic alliance, Share & Compare. By leveraging this organization, we were able to present our solution to them in an industry study group meeting. The ability to meet and discuss needs in an intimate setting like a study group really accelerated our sales cycle. We anticipate being able to continue to use this and other similar organizations to add new customers on a consistent basis.
Because of our historical experience in being able to add more value to our customers' initial purchases, we anticipate growth in the number of customers will mean more consulting services as well as more products to these existing customers. The attractive option of monthly subscription continues to grow and as a result grow our recurring revenues.
New Business Opportunities for Consulting Services
As we announced during this past year, we have added a new Vice President of Professional Services to grow our strategic consulting, application services and managed services revenue. As a result a more focused consulting service offering has been made available to our customers with much success. Broadening the consulting opportunity has led to the development of new business opportunities outside of our traditional retail marketplace.
This year we completed a highly successful consulting opportunity in which the Company helped a financial services organization improve business processes. We found that our retail operations experience had great applicability outside of retail. This success confirmed our belief that we are able to use our experience in the areas of business strategy, merchandising and operations process improvements in new market opportunities
Another factor in the increased potential and requirements for our consulting services is the IMI/Cannon Solution relationship. Not only will it have a major impact on our license and ASP (PayGo) sales, but also on the demand for our consulting services. Imbedding our "business intelligence" into the sale will increase our need to provide more and more consulting services thereby increasing the revenues from this growing aspect of our business.
Using Channel Partners to Help Us Increase Market Penetration
When we evaluated the grocery industry, we realized that it would be advantageous to leverage some of the most effective methods of gaining entry into the grocers' areas of interest. We started by creating a relationship with a successful company which offers a number of items in produce. This relationship allows this supplier to use our software to collaboratively manage its items in more than a thousand retail stores. The results to date have been impressive, and have allowed us to expand our offering to other suppliers in grocery and convenience store channels. We will continue to leverage supplier relationships to further develop this channel, hopefully leading to major increases in implementations of our software.
Looking Forward
We already have a great start to FY2006. We think that this momentum is just the start of what we expect to see as a record year. We have put into place a number of different methods to increase our sales opportunities - first we are leveraging experienced resources to assist us in our target markets. Second, we have increased our consulting capabilities beyond just implementation services of our software to consulting in business operation strategies and into other markets. Third, we are using other channels such as suppliers to increase our market penetration. Fourth, our financial position has improved and finally, a new business opportunity with a strong and well positioned partner will substantially improve our revenue generating capabilities. The quarterly revenue and profitability will be lumpy again this year, but we are confident that the year's results will be pleasing to all of us.
We are actively looking to upgrade our investor relations program. We are currently working with a variety of sources to introduce ourselves to several Micro Cap institutional investors. Our goal remains to gain a higher level of investor interest in our company. In addition, we continue to monitor the opportunity to change our listing to a national exchange.
We want to thank each and every shareholder for their support and interest in Park City Group. We have heard from many of you, with excellent insights, recommendations, ideas and even offers to help promote our products to associates. We are keenly focused on our opportunities and challenges. We are committed to making our customers successful and improving the operation of their businesses. We are dedicated to the responsibilities we have to each employee and shareholder and we appreciate your confidence in us. As always you can contact me directly - randy@parkcitygroup.com or give me a call 435-645-2100 and I will be happy to discuss your questions or concerns.
Sincerely,
Randy Fields
CEO and Chairman
Park City Group, Inc
It's been approx a month since NanoLogix fired up their reactor at Welch's. I'm also guessing things are going well based on yesterday's news. Once the Welch's results are released, and they are anything close to the tests done Gannon University, this thing could blow through the roof.
It's not a matter of if the results will be released, it's when!
Just my opinion.
We'll see what happens.
NNLX...It's been approx a month since NanoLogix
fired up their reactor at Welch's. I'm guessing things are going well based on yesterday's news. Once the Welch's results are released, and they are anything close to the testing done at Gannon University, this thing could blow through the roof.
It's not a matter of if the results will be released, it's when!
Just my opinion.
We'll see what happens.
Holding, waiting, and accumulating!
NNLX...Looks like NanoLogix is getting ready to market their hydrogen technology. Lsat night they announced that they have secured the services of Bret T. Barnhizer to assist the Company in marketing their biomass-to-hydrogen technology to the energy industry. Mr. Barnhizer brings extensive experience and expertise in the United States and worldwide energy industry to NanoLogix, having worked for the last twenty-six years providing engineering, operations management, and project management services to Chevron, BP, Unocal, Occidental Petroleum, and others in the United States, Europe, Africa, and Asia...
http://biz.yahoo.com/prnews/060503/clw112.html?.v=1
PKCY...Announced signing w/ Del Monte today & Oracle a few weeks ago, two giants in their industries!!! Who brought this to the VM board anyway? The company was founded by Randall Fields, the co-founder and former chairman of Mrs. Fields Cookies. As of Nov '05, they had over 2300 shareholders. Their debt is only $2.3M. A reverse split would do wonders for this company IMO. High risk = high reward....
Park City Group was founded by Randall K. Fields, the co-founder and former chairman of Mrs. Fields Cookies. The company’s strategy is to rapidly expand its market share within the grocery, convenience/gas stores and specialty retail sectors. Park City Group offers a robust set of solutions and it capitalizes on its prestigious user base as customers rapidly deploy and license additional software for their multi-location businesses. Park City Group’s customers include such well-known names as The Home Depot, The Limited, Victoria's Secret, Anheuser Busch Entertainment, and Tesco Lotus.
The company is experiencing significant acceptance within the supermarket/grocery segment for its Fresh Market Manager solutions that deliver increased sales and cost savings so that grocery chains can survive the onslaught of the Wal-Mart threat to takeover their business. Together with the ActionManager suite, Park City Group products deliver one of the most robust integrated business solutions available. To date, the company has focused it sales on the domestic retail market and with its patent pending quick switch language support is well positioned for international market penetration.
http://www.market-pulse.com/pkcyprofile2.htm
ASTSF...Good one for the watch list....
http://biz.yahoo.com/prnews/060427/hkth004.html?.v=25
Yesterdays close = $11.43 and traded up overseas.
abh3vt...
Thanks.
Bobwins...I think you said in the past that you like HRBN. Did you read the Stir-Fried Stocks article about NY Global? The article talked mostly about BBC and NY Global. But I believe HRBN is also tied to NY Global and I was wondering what your opinion is on Harbin's involvement with the holding and selling of the BBC shares earlier this year under 144? Do you know why or how they recieved those shares and what their connection is to BBC? Is there is any reason for concern in your opinion?
As you know, I've been a strong believer in both HRBN and BBC in the past and your opinion would be very helpful.
Thanks.
abh3vt, I changed it to the link. I think what's throwing me off is not only Wei's past regulatory problems, but the fact that Harbin had and sold those BBC shares. I was never concerned w/ Harbin's involement with BBC until I read the article. Here's a post I made a while back about those shares...
http://www.investorshub.com/boards/read_msg.asp?message_id=9783128
Two more questions...abh3vt, in your opinion, is there anything in that article that could probe a SEC investigation, like the company being in the wife's name? Also is Wei doing anything illegal in your opinion?
Maybe I'm seeing more into this than what's there, but it never hurts to take a little caution.
BBC/HRBN...BBC issued a PR today but it seems they did NOT address one thing from the "Stir-Fried Stocks" article, which was the reason for the huge drop 2 days ago IMO. It's almost like they dug up something from April 15th to make it look like that was the reason for the drop. Why else would they have issued a PR today on the subject?
Still trying to figure out the BBC/HRBN connection. How is it that Bodisen owed HRBN $$? They are two completely different companies.
The only connection I can find is through NY Global.
(BTW, Thanks for the info abh3vt.)
I liked BBC & HRBN for their L/T potential up until the Stir-Fried Stocks article came out. I still like both companies but will now proceed with a bit more caution. It's funny how one article can plant a seed of doubt one's mind. Here's the article...
http://www.nypost.com/business/63107.htm
BBC...No sign of NY Global Group selling BBC shares. Do they even own shares? Maybe it was SovGEM, but even that I can't find. (I think SovGEM had 70k BBC stock as of December 9th 2005. Don't know what they started with).
Maybe I'm just mixed up and a little nervous after seeing all the lawsuits pop up on CESV after they were halted months ago. (Had that one at one time but sold before the halt).
Oh well, if I find anything I'll post.
Thanks for pointing that out abh3vt.
The article now has me wondering what HRBN & their CEO was doing with BBC shares anyway?? Anyone have an answer?
BBC, (abh3vt)...Correction about NY Global in my prior BBC post.
NY Global may be wrong. It may be SovGEM I saw it under. They may be tied together if I remember right. Gotta go. Be back later and check. HRBN and their CEO can be found under 144 I think.
Authorized shares is correct. My post a few weeks ago was in reference to "if" Nanologix gets their OS up to the full authorized amount.
BBC & HRBN, (PostCog)...Out of BBC after reading that article yesterday. As much as I like BBC, I don't want any part of a stock that MAY be part of a SEC investigation down the line.
I know the NY Global Group sold a good chunk of BBC on the way up, but the fact that Harbin Electric (HRBN) is also invloved with that group and registered to sell a good chunk of BBC a couple of months ago has me thinking.
I've had great gains on both BBC & HRBN, but for now I'm laying low.
If BBC goes back up without me, oh well. I've been there before and there's so many other stocks to pick from.
I'm kind of surprised that BBC has not commented on the drop or the article.
I'll watch this one closely, and may jump back in if any thing changes.
ALY, (parimi)...Great earnings. Added ALY last week after reading BobWins posts on the acquisition.
This one adds nicely to my FTK & NSS positions.
NSS...Earned $1.53 per share last quarter, trading under $52! Net income rose from $42M last quarter to $55.5 this quarter. EPS was up huge year over year and the only reason they were down a little sequentially, is because they are now fully taxed. (Effective tax rate of 38%)
Sales and income (before taxes) both showed very good sequential gains.
Listened to the CC and they said rig count will continue increasing and demand is healthy.
NSS is sitting on $169M in cash, up over $20M from last quarter, and has NO DEBT!
Gross margins were a record 31.4%!
A forward P/E of 10 puts NSS above $60!!
Still a lot about this company I don't understand, but who said you have to understand everything to make money in the market, LOL.
The numbers look great and IMO the stock will be setting new highs shortly.
We'll see what happens. (NSS might not qualify as a value microcap now, but when yinser posted this on a while back, it was trading a lot lower).
Thanks yinser for brining this one to my attention a couple of months ago. (BTW, I got your PM, but can't reply cause I'm still a freebie.)
COGO...Chinese Firm Knows That Good Is Never Good Enough On Wall Street...
From Investor's Business Daily...
Friday April 28, 7:00 pm ET
Steve Watkins
Chinese companies are beginning to learn the ways of the American investor. For Jeffrey Kang, chief executive of Comtech Group, the lesson is simple: There's no ceiling when it comes to expectations.
Comtech (NasdaqNM:COGO - News), based in Shenzhen, China, designs modules for cell phones and digital gadgets. The company has turned a profit every quarter for 10 straight years. Annual revenue has averaged 63% growth the last five years.
But it's still not enough, Kang says.
"Investors have high-growth expectations," he said. "To keep our revenue growing at 30%, 40% or 50% a year is relatively easy. But our challenge is to show strong margin expansion."
To that end, Comtech has been adding some high-margin businesses. It entered the engineering field in January, when it acquired Huameng Engineering.
The deal put Comtech in the business of providing hardware and software expertise to help companies set up networks. These services are in high demand as China keeps building telecom networks.
"We believe that will be one of our growth drivers," Kang said.
He estimates the Huameng business will carry gross margins of 40% to 50% -- well above Comtech's overall margins of 19%.
The Huameng unit should generate about $10 million in sales this year, says analyst Daniel Amir of WR Hambrecht.
Huameng's main customer is Huawei, China's largest telecom provider. Huawei expects to spend $300 million on outsourced engineering this year, Amir says. That gives Comtech loads of opportunity to win business.
Comtech's relationship with Huawei dates back 10 years, to when Huawei became Comtech's first telecom customer. Adding engineering services to its work with Huawei fits into Comtech's strategy of generating new business with existing clients.
Another recent move was Comtech's November launch of a location-based search product.
The product is added to mobile phones so people can track where users are located. It's used mostly to keep track of children or elderly relatives. China Telecom (NYSE:CHA - News) and China Netcom (NYSE:CN - News) -- two of China's largest cell phone firms -- plan to offer the service this year, Amir says.
The location search business line should yield gross margins of 35% to 40%, says Albert Lee, analyst at Maxim Group. The two new business lines could take Comtech's overall gross margins to the mid-20% range in the next two years, he adds.
Rapid Growth
Comtech entered the digital consumer electronics business a year ago. It makes parts used in the production of digital TVs, set-top boxes, cameras and other high-tech items. The business represents 11% of overall sales.
Companywide sales hit $106 million last year, up 40% from 2004. Earnings for the year rose only 6%, though First Call analysts see stronger growth moving forward. They expect earnings to rise 42% to 51 cents a share this year, then move up 29% to 66 cents in 2007.
Comtech's core business of making modules for cell phones generates half of overall sales. Its telecom equipment business line, which provides designs for wireless and optical network gear, generates 38% of sales.
Margins in these businesses are not that high, however. Kang says he has to make sure the cell phone business doesn't grow too fast.
"That would be good for revenues, but it would drag down our margins," he said.
The business does have potential. On April 20 Comtech got its first major design win for third-generation cell phones when it inked a deal with Huawei. The deal should lead to more third-generation design business, analyst Lee says.
"That should be a harbinger of things to come," he said.
Comtech serves more than 200 customers. This helps give it exposure to all types of high-tech business in China.
"We view ourselves as a proxy to China tech manufacturing," said Hope Ni, Comtech's chief financial officer.
That's a good spot to be in. China's mobile phone subscribers should grow by 8% a year through 2008, Lee says. The number of Internet users is rising 17% a year. Digital TV use also is growing rapidly.
As far as risks go, one is a potential slowdown in China's telecom spending. That would hit Comtech hard, though Kang figures spending will keep climbing until at least the 2008 Beijing Olympics.
Things could slow a bit after that. To help offset the potential loss in business, Kang is eyeing new business lines such as modules for medical devices or energy uses.
"We're always thinking about what's the next fast-growing business in China," Kang said.
http://biz.yahoo.com/ibd/060428/newamer.html?.v=1
Market Cap = $17.2M. Seems low. The key is try and hold until Welch's results are out. IF the results confirm what the company's been saying all along, we may see a new year high!...
http://www.investorshub.com/boards/read_msg.asp?message_id=10404767
http://www.investorshub.com/boards/read_msg.asp?message_id=10569889
The hydrogen bioreactor project was started a little over a year ago..."Infectech (now known as NanoLogix NNLX) said it is the goal of the feasibility project TO PRODUCE THE HYDROGEN ENERGY EQUIVALENT OF A BARREL OF OIL FOR A FRACTION OF THE COST UTILIZING THE COMPANY'S INTELLECTUAL PROPERTY IN A BIOREACTOR."
http://www.findarticles.com/p/articles/mi_m0OXF/is_2005_Jan_25/ai_n8968666
(Market cap is based on approx 50M shares outstanding)
The COGO / Huawei deal...A closer look at Huawei....
Huawei set to ring up 32% rise in revenue
Zhu Shenshen
2006-04-25
THE overseas and mobile phone business is expected to ring up a 32 percent jump year on year in Huawei Technologies' revenue this year, China's biggest private telecom equipment maker told a conference recently.
In 2006, Huawei's revenue is expected to hit US$7.8 billion with 60 percent of the income coming from overseas. In 2005, its revenue was US$5.9 billion and overseas income accounted for 58 percent, surpassing the domestic revenue for the first time, according to Huawei.
Due to continuous investment and innovation, over 100 million global subscribers are being served by Huawei's network. Its products and network equipment have been commercially deployed in more than 60 countries, the Shenzhen-based company said in a statement yesterday.
Huawei won a US$100 million deal from Oasis Sprl, the Congolese operation of Millicom International Cellular, to provide its network to them, it said yesterday.
"Overseas operational experience and strong research will help Huawei win market shares in the Chinese 3G market," said Li Xuefang, an analyst at CCID Consulting Co, a research firm under the Ministry of Information Industry.
Huawei has invested 6 billion yuan (US$750 million) in 3G, a high-speed wireless phone technology. At present, Huawei owns 5 percent of the global wideband code division multiple access, or WCDMA, patents and has permission to use patents owned by foreign giants including Nokia, Qualcomm and Ericsson, which can also use Huawei's, MII said on its Website yesterday.
Meanwhile, Huawei plans to sell 25 million mobile phones this year, more than double last year's figure. It sold 10 million handsets in the world in 2005, which doubled the previous year's level.
http://www.shanghaidaily.com/art/2006/04/25/265094/Huawei_set_to_ring_up_32__rise_in_revenue.htm
Huawei is definitely a good partner to be hooked up with IMO.
COGO, (bbotcs)...The Comtech - Huawei - Vodafone agreement will probably keep me here well into next year, especially with the anticipated growth in 3G!! (pending no neg news.)
It's a crap shoot, but as long as the news remains positive, I'll add to my position on any significant dips. (Picked up more shares yesterday below $12.50.)
Great L/T potential!!!
COGO hit another 52wk high today.
NNLX...Slowly inching back up. The key is try and hold until Welch's results are out. IF the results confirm what the company's been saying all along, we may see a new year high!...
http://www.investorshub.com/boards/read_msg.asp?message_id=10404767
http://www.investorshub.com/boards/read_msg.asp?message_id=10569889
The hydrogen bioreactor project was started a little over a year ago..."Infectech (now known as NanoLogix NNLX) said it is the goal of the feasibility project TO PRODUCE THE HYDROGEN ENERGY EQUIVALENT OF A BARREL OF OIL FOR A FRACTION OF THE COST UTILIZING THE COMPANY'S INTELLECTUAL PROPERTY IN A BIOREACTOR."
http://www.findarticles.com/p/articles/mi_m0OXF/is_2005_Jan_25/ai_n8968666
TBYH...Letter to TBAY Shareholders
Wednesday April 26, 7:30 am ET
From the Office of the President
BOISE, Idaho, April 26 /PRNewswire-FirstCall/ --
Dear Shareholder:
As we have just finished our fiscal year which ended on March 31, 2006, I would like to take this opportunity to give you a brief review of our achievement during this past year.
Our operating subsidiary, Shanghai SunPlus Communication Technology Co., Ltd. (OTC Bulletin Board: TBYH - News), made a strategic decision at the beginning of the fiscal year just completed to shift the corporate focus from production and distribution of cell phones in the China market which brought in higher revenues but lower profits, to the high end, high profit, intelligent design solutions services market. Now, with over 170 highly qualified design and support engineers on staff, we have seen the wisdom of this decision.
* In fiscal year 2005 (year ended 03/31/2005), net revenues were
US $33.9 million. Gross profits increased by 50%, and net profit
increased 215.8% to about US $5.7 million.
* T-BAY expects net income to further increase by over 75% to
US$10.0 million ($0.35 EPS) for fiscal year 2006 (year ended
03/31/2006).
* Preliminary numbers for the 4th Quarter (year ended 03/31/2006) show an
increase of 6.5% over the same period in term of revenue in FY2005.
* We have a strong cash position of $4.5 million at the end of FY2006; an
increase of 40 times as compared with the previous quarter.
Further, as gratifying as these numbers are for us, which we expect will be fully supported when the final year-end audit is completed and published sometime next month, we have no intention of allowing our Company to simply rest on these accomplishments.
We are confident that if we do nothing more than what we did during Fiscal 2006, we will be able to report on a conservative basis an increase of 10 percent in Fiscal 2007 over Fiscal 2006. Current internal growth supports that, as do our constant market assessment reports. However, there are several reasons why we believe that this estimate is particularly conservative, and could be as much as 30 percent:
* Good Response to New Models. In January 2006 we announced that our
9701, 9702 and 9901 models were booked by Hisense, Diwangda,
Zhichengye, while still at their early design stage. The three design
solutions, two of them with new function of video output, easily
cross-communicate with both television and PCs. The total number of
these three products already sold is 215,000 through March 2006, with
an additional 350,000 sets anticipate to be sold by July 2006, which
would bring SunPlus a gross profit of as much as $4.5 million
collectively in their wholesale stage. And, they are just three of our
97 and 99 series models currently on the market through SunPlus
customers.
* Award Winning Designs. We are on track to produce 30-35 new products
in FY2007. These are highly desirable designer products that are on
the cutting edge of market trends. Wu Wei, our famous designer in the
Mobile Design area, led his team to win the "Best Fashion Color
Nominated Award" (Electronic Product) in "Color China Awards" sponsored
by China Fashion Color Association (CFCA) engaged in fashion color
research, forecast, design and application. He also led his team to
successfully win the "top 104 iF excellent designs" in the 3rd iF China
Design Contest in May 2005.
* New Investment. SunPlus is on schedule to invest $5-10 million in new
product development plant and equipment in FY2007. This includes
investment from settlement of about $4.5 million in accounts receivable
previously announced in February 2006. It is anticipated that this
will provide immediate return on investment, and long-term growth and
increased market share.
* Royalty Income. Our award-winning models of this past year reinforce
that our design engineering combined with our market know-how are
widely acclaimed and accepted. One model, for example, has already
sold 300,000 units for a gross profit of $2.2 million, ($7-8/set) and
we expect it to sell another 150,000 in the next two months for a gross
profit of $1.0 million. ($6-7/set) Given that SunPlus receives
royalties for most of the design services it provides, this is also
encouraging for our other models as well.
* Worldwide Market. Our management and marketing team just returned from
the CeBIT, one of the world's largest IT and telecommunications events
held March 8 to 15 in Hannover, Germany; and, an equally successful
trip to Japan, where we began to reach out to other markets around the
globe. Even though the China market is the largest in the world, with
about 50 million new phones sold each year, one of our FY2007 goals is
to aggressively design mobile phones for the Eastern Europe and South
America market for our customers. These are markets where our design
technology is extremely competitive, and where our contacts to date
have been very productive. We expect to see this flourish for us, and
we have assigned specific marketing professionals in our Company to
follow up those relationships immediately.
* New Customers. We are adding new partners (from whom we buy components
and technology) and new customers (for whom we design solutions) every
month. These are some of the best-known technology suppliers and
providers in the world, and have been reported by us in many forums.
We may add 10-12 more customers in the coming year.
Because of these competitive advantages, our continuing emphasis on executive and engineering training and education, our aggressive marketing, and our respect in the Chinese market we are confident that this internal growth target could well be significantly below the actual growth as reported quarterly in our SEC filings.
Finally, TBAY is not content with just the products or technologies that are so successful for us today. We are already investing profits in China's next wave -- 3G -- that has the full support of the Chinese government, industry and people.
3G is a term for the 3rd generation of mobile telecommunication technology of broadband, packet-based transmission of video, music, digitized voice, text, data, etc. As China prepares for the 2008 Olympics, it is expected to build the world's largest 3G wireless network with more than 100 million subscribers expected within just five years. We are determined to be in the forefront of this new revolution, and are currently in negotiation with platform providers to complete cooperative agreement by mid-2006. If our design progress remains on schedule, we expect to complete 3G phone designs by end of 2006, and have products on the market by mid-2007.
All of this should add significantly to our bottom line each year for the foreseeable future.
Please feel free to contact us with any questions you may have at: zeng888888@hotmail.com.
With best regards,
Xiaofeng Li, Chief Executive Officer
T Bay Holdings, Inc., and Shanghai SunPlus Communication Technology Co.,
Ltd.
BBC, (PostCog)...In their projections, BBC mentioned net margin of approx 30%. So that would still equal approx $1 per share for 2006. It's hard to say which way the stock price will go short term, but I can't see it dipping down much further. I guess Q1 will help determine that. I'm looking at this as a long term investment from here on out because of their strong growth heading into 2007. The $14.50's seemed like a good place to jump back in and if it drops from there, I'll average down.
The Institutions will be reporting over the next couple of weeks so we'll be able to see which way they're going.
BBC (PostCog)...BBC's tax info came from 10Q dated 11/3/05 page 8...
Income taxes
The Company utilizes SFAS No. 109, "Accounting for Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. According to the Provisional Regulations of the People's Republic of China on Income Tax, the Document of Reductions and Exemptions of Income Tax for the Company had been approved by the local tax bureau and the Yang Ling Agricultural High-Tech Industries Demonstration Zone. The Company is exempted from income tax through 2007.
In March 2005, Bodisen Biotech Inc. formed a new 100% wholly-owned subsidiary named Yang Ling Bodisen Agricultural Technology Co., Ltd. ("Agricultural") in China. Under Chinese law, a newly formed wholly owned subsidiary of a foreign company enjoys an income tax exemption for the first two years and a 50% reduction of normal income tax rates for the following 3 years. In order to extend such tax benefits, in June 2005, Agricultural completed a transaction with Yang Ling Bodisen Biology Science and Technology Development Company Limited ("Yang Ling", Bodisen Biotech, Inc.'s operating subsidiary in China), which resulted in Agricultural owning 100% of Yang Ling.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001013762%2D05%2D001458%2Etxt&FilePath...
As db_s99 pointed out, the 20k said it's through Oct '07.
BTW, I think I remember reading somewhere that BBC can re-apply for another two years of income tax exemption after 2007.
COGO...Something tells me this is a HUGE win for Comtech...
"Comtech will provide customized module designs for use in Huawei's new Vodafone-branded 3G phone. In February, Huawei signed an important strategic agreement with Vodafone to become the exclusive supplier of Vodafone's consumer 3G handsets across 21 countries for a period of at least five years."
http://biz.yahoo.com/prnews/060420/sfth055.html?.v=54
COGO has had four consecutive quarters of gains and has very little debt.
An excellent L/T hold IMO!
We'll see what happens!!!!!
BTW, they just hired KPMG, an International firm, to do their audits...
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 144 countries and have over 6,700 partners, 76,000 client service professionals, and 21,000 administration and support staff working in member firms around the world.
http://www.kpmg.com/about/
Hit another 52wk high today!
BBC...Back into BBC today. Here's why...
Management stated in their 2006 guidance that they expect to double their sales this year while targeting net margin of approx 30%. That would put them at $62M for the year w/ earnings of approx $18.5.
$18.5 = approx $1.00 eps.
They stated they have no plans to dilute the existing share count of 18.2M (fully diluted) and that they're capable of sustaining rapid growth into 2006 and 2007.
The clincher is that Bodisen's two new manufactuing plants come on line later this year and they believe that 2007 sales could double compared to 2006!! That would equal approx $124M in revs w/ an eps of approx $2 for 2007!
They pay no taxes until 2008!
Not bad for a $14.50 stock with this kind of growth. This is definitely a L/T hold so I'll accumulate on dips. (Gotta start looking more at long term stocks or taxes are going to eat me alive.)
KSWW...What if KSWW does what IPII did after it hits the AMEX?? Woulldn't that be nice!! I can see institutions taking an interest in this company, and w/ the low float, maybe she'll double from here by the end of the year.
We'll see what happens.
KSWW, (wadegarret)...I picked up some shares on the open after seeing today's news posted on this board. Looks good long term and I'll hold to see what the AMEX listing will do to the share price. I like the low share count.
PNS...This could be a 3G sleeper. Last month they announced a three year contract w/ Dilithium Networks to provide design, manufacturing, global deployment and lifecycle management for Dilithium's rapidly growing line of industry-leading 3G wireless platforms...
http://www.dilithiumnetworks.com/
Today they announced the hiring of George Mehok who was previously the Executive Director of Strategic Development with Verizon Wireless....
"George Mehok comes to us from Verizon Wireless where he led the information technology integration and deployment required for new products, including 3G broadband services, wireless application downloads, multimedia services like video, gaming and music, and wireless e-mail. These efforts contributed to increasing data revenue from $150 million to over $1 billion in the last five years."
Been accumlating in the $3's and now it's $4. (Was hoping it would drop).
3G's the place to be!!
Only 6.2M shares outstanding.
We'll see what happens.
RVSN...Another 3G stock to watch as it seems poised for good L/T growth...
Recent news...
Microsoft and RADVISION Sign Licensing Agreement to Provide Live Communications Server-Compatible SIP Toolkits
http://biz.yahoo.com/bw/060313/20060313005375.html?.v=1
Compal Communications and RADVISION Team to Develop Advanced 3G Mobile Video PDA Phone
http://biz.yahoo.com/bw/060406/20060406005426.html?.v=1
RADVISION and Nortel Team to Demonstrate 3G Video Community Service at CTIA Wireless Exhibition 2006
http://biz.yahoo.com/bw/060405/20060405005553.html?.v=1
AETHRA with RADVISION to Provide New Visual Communications Solutions
http://biz.yahoo.com/bw/060418/20060418005191.html?.v=1
T3G Selects RADVISION 3G-324M Toolkit to Build Video-Enabled Mobile Handset
http://biz.yahoo.com/bw/060213/20060213005435.html?.v=1
CNTF...3G partnership w/ QUALCOMM...
From yesterday's QUALCOMM's earnings report...
"We announced a joint investment in China with TechFaith to found a new company, TechFaith Software (China) Limited or "TechSoft," that will develop application software for 3G CDMA devices."
http://biz.yahoo.com/prnews/060419/lawd001.html?.v=18
From Bloomberg.com...
Qualcomm benefited from a surge in demand for phones that use faster third-generation, or 3G, technology and lower-priced handsets in emerging markets. The results echo those from larger competitor Texas Instruments Inc., which yesterday said profit jumped 42 percent on higher sales in India and China.
"There's been a massive shift in the last 18 months to 3G," said Art Hogan, an analyst at Jefferies & Co. "We're looking at a scenario where a rising tide lifts all boats."
http://quote.bloomberg.com/apps/news?pid=10000103&sid=agZYLmDnQ1V4&refer=news_index
COGO..."Our 3G handset business has just begun to ramp up production with most products currently shipping to the overseas market. We anticipate strong growth in domestic orders once the government of China grants initial 3G licenses later this year."
Another excellent L/T 3G growth stock IMO...
Comtech Group, Inc. Announces First Major 3G Phone Design Win From Huawei's New Vodafone Project
Thursday April 20, 8:38 am ET
Volume Shipments to Vodafone Expected in the Fourth Quarter 2006
SHENZHEN, China, April 20 /PRNewswire-FirstCall/ -- Comtech Group, Inc. (Nasdaq: COGO - News), a provider of customized module design solutions as well as other engineering and business services for more than 200 domestic and international technology product manufacturing companies based in China, today announced the first major design win from Huawei for customized 3G cell phone modules. Comtech will provide customized module designs for use in Huawei's new Vodafone-branded 3G phone. In February, Huawei signed an important strategic agreement with Vodafone to become the exclusive supplier of Vodafone's consumer 3G handsets across 21 countries for a period of at least five years. It is anticipated that Huawei will commence manufacturing of these phones with shipments to Vodafone expected during the second half of this year. Comtech expects to begin recognizing revenue during the third quarter of this year and continue to benefit from Huawei's long term business with Vodafone.
Comtech has worked closely with its mobile handset OEM customers over the past several years to develop customized modules targeting the 2G market, including GSM and CDMA. This new design win with Huawei is significant as it now allows the Company to establish a presence in the 3G marketplace and capitalize on Huawei's strategic product expansion into handsets. It is expected that Huawei will leverage its strong position in the 3G equipment area to become a leading 3G handset provider in both China and the worldwide market. To expand the overall opportunity, Comtech's modules can also be utilized in several different phone models with multiple manufactures, realizing an additional revenue stream. Additionally, Comtech is well positioned to compete within the 3G market, as Comtech's customized module designs focus on functional and desirable model features with products compatible on all next generation standards such as WCDMA, CDMA2000 and TD-SCDMA.
"This design win is significant for Comtech, as it is our first major deal within the 3G market and is consistent with our strategy to identify high growth opportunities where we can leverage our existing customer relationships to produce orders," commented Jeffrey Kang, Chairman and Chief Executive Officer. "Our 3G handset business has just begun to ramp up production with most products currently shipping to the overseas market. We anticipate strong growth in domestic orders once the government of China grants initial 3G licenses later this year. We have spent over three years in research and development with our partners to help bring this technology to market and believe the investments we have made has helped to solidify our relationships while giving us a defensible product platform. We are pleased to work with Huawei and other leading cell phone manufactures as we look to capitalize on the growing worldwide demand for 3G services and products for the years to come."
About Comtech
Comtech Group is a leading provider of customized module design solutions and has recently expanded its business to provide engineering and business services in China. Comtech serves as a gateway to leading electronics manufacturers in China. Comtech Group has focused on the mobile handset, telecom equipment end-markets, and the digital home entertainment products end-markets. Over the last three years, Comtech has worked with over 200 customers. Comtech's customer base includes most of the largest and best-known manufacturers in the mobile handset, telecom equipment and digital consumer electronics end-markets in China.
TGB, (DigiTech)...Have no idea why it dropped, but I added in the $3.20's and will add more if it drops from here, as long as copper prices remain strong.
Re: Shares Outstanding...Even if NanoLogix gets their outstanding share count up to 200M, they would still only have a market cap of $50M based on today's share price of $0.25.
If they can get this thing off the ground with only 200M shares, we're going to be in fat city!!!
The companies NNLX is communicating with could very well be British Petroleum...
http://www.bp.com/home.do?categoryId=1
and Northern Power...
http://www.northernpower.com/
Here's notes of a conversation w/ Mr. Felder posted last month on another board by Napolion...
>>>Report on onversations with NNLX principals, Mitch Felder and David McClelland...
Caution: This is the gist of phone conversations to the best of my recollection, so bear in mind that it may well be inaccurate...
Most economists and scientists agree that Hydrogen will progressively replace Oil in the economy of the future: unfortunately, it currently costs around $7.00 to produce the Hydrogen equivalent to one gallon of gasoline.
However, it appears that the only technology currently capable of making Hydrogen production competitive with the cost of today's Oil is the use of Bacteria feeding on waste Biomass and Heat and NNLX is the leader in this field. Its first Hydrogen Bioreactor Facility at Welch's already produces a Biogas that is some 80% Hydrogen, the rest being CO2, which is easly removed. The bacterial reaction is self propagating, as the number of Bacterias doubles every 24 minutes. Apparently, in the field of inexpensive Hydrogen production, NNLX is the only company with a commercially available product, ready to accept purchase orders as early as June 2006...
1) Patents: Out of a total of 11 Patents in existence worldwide covering the production of Hydrogen using the Clostridia bacteria, NNLX owns 5 and has another 22 provisional Patents filed covering unique system know-how and features...
2) There are already a number of major players interested, such as BP and Northern Power...
3) Bulletin Board application: the Audit will be completed at the end of March and it's anticipated that the stock should trade there by June 2006...
For full post, go here...
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=918431&cmd=read