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Dubi
By chance did you talk to the company?
Thanks in advance
Bylo
Al
You said: "Kitchen, Long, Dalby, all highly touted.....wheres the sales???"
All highly touted? In whose eyes....when someone is hired or announced of course the PR says "the company is lucky to have them" - "outstanding record of accomplishment" - you know the drill...
In the last 2 years with allegedly the "best products on the market" as you say where's the beef...what is the record of accomplishment been lately????
David
If I recall you've been invested in this stock for 7 years. Now take a look at a very popular Fidelity largely held mutual fund - one of my favorites - Contrafund.
1 yr 22%
3 yr 16%
10 yr 12 %
Oh the value of compounding - with $10,000 you double your $$$ in 6 yrs at the 12% rate.
The Export and Multinational has been good to me as well
Some other alternatives investment vehicles fyi...you own many stocks without all the risk in OTCBB land
http://personal.fidelity.com/products/funds/?bar=s
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316071109
Take care
Lewis
My point was "most public companies"
"Do you have a breakdown of average filing dates for NYSE/NASDAQ/AMEX/OTCBB/PinkSheets"?
Aaaaaaahhh No - but feel free to click on the symbol for any NYSE/NASDAQ/AMEX/OTCBB company and you'll see I am right. Earnings for Q2 are either announced or scheduled in most cases
Take care
Doug
I understand - because they can...they announce on the last day....
Doug
Obviously...my understanding is 8/15 is when they are required under the SEC filing statute to stay current but the qtr ended 6/30. My point was most public companies announce for example on 7/15 they will announce results 8/2.
With a company so small why does it take the full 45 days?
Trades Today
Does anyone know why the selling volume? My opinion is the company is in the process of putting together the quarter #'s for Q2 and this is the reaction. Has the company announced the date of Q2 results like most every other public company does?
3:07:04 PM Trade 0.171 5000
3:07:02 PM Trade 0.17 55000
3:00:36 PM Trade 0.17 1000
2:36:46 PM Trade 0.18 9000
1:24:04 PM Trade 0.18 4905
1:01:30 PM Trade 0.17 220
12:11:10 PM Ask 0.18 5000
12:11:10 PM Bid 0.17 5000
12:11:08 PM Trade 0.18 5000
12:10:52 PM Trade 0.18 5000
12:10:22 PM Trade 0.18 10000
12:10:22 PM Trade 0.18 15900
12:10:22 PM Trade 0.18 2000
12:10:20 PM Trade 0.18 2000
12:07:02 PM Trade 0.182 22000
12:07:00 PM Trade 0.182 20000
12:07:00 PM Bid 0.18 5000
11:44:36 AM Trade 0.185 2000
11:44:36 AM Trade 0.185 1000
11:42:22 AM Trade 0.182 32500
11:40:40 AM Ask 0.185 5000
11:40:36 AM Trade 0.182 17500
11:38:10 AM Trade 0.182 4500
11:36:08 AM Trade 0.182 28000
11:32:42 AM Trade 0.19 10000
11:20:34 AM Trade 0.19 6000
10:30:30 AM Ask 0.19 5000
10:30:28 AM Trade 0.182 49800
10:23:02 AM Trade 0.2 1000
9:58:36 AM Trade 0.2 1000
9:50:22 AM Bid 0.182 5000
9:30:02 AM Trade 0.18 2000
Weo/David
Weo espouses Hear no evil - speak no evil. The Ostrich mentality????
As David said regarding posters you may disagree with...
"Read the post and truely evaluate the information. Some of it could be true and try addressing the poster's opinion and not attack them personally. Argue the point, not the person."
David well said as usual...
Ignore Me????
Interesting - make this board for posting ONLY positive and feel good things about VTSI. You ran Paul off the board...what's funny I start discussion and even open a few eyes to the real facts IMHO.
It is what it is and one poster on IHub is not the problem. But you all know that and appear to be in denial.
Take care
David
As usual the voice of reason...I don't understand how some point to me at the reason the stock is in the doldrums with little or no volume.
If you build it they will come. As you say the facts speak for themselves.
Take care
Greg
Why are you such an apologist for this company?
The boardroom approach give us a break - I stand by this statement "L Kelly continues to make the same mistake over and over - he should announce things when consummated vs setting himself up to fail so many times post con calls. The problem is with a company so small their wins are few and he talks about the sales pipepline. In my company our pipline is huge but the closed deals are just a subset of it. The public just hears about the closed deals..."
Even things L Kelly said were going to happen haven't...that's why the believers are restless but not you????
History
I went back to ensure I was correct Re the Brewery bankructy from my earlier post "The original idea was a brewery that they took public and it went bankrupt (if I recall right?)"
From the company SEC fuling:
Overview. The Company was capitalized in 1996 to develop, own, and operate
theme brewpub/microbrewery restaurants. Until March of 1997 when the Company
acquired, and July 1, 1997 when the Company began operating, the former Hubcap
Brewery & Kitchen in Dallas, Texas, the Company had no operations or revenues
and its activities were devoted solely to development. However, since the
acquisition was accounted for as a pooling of interests, the results of
operations of Hubcap Brewery & Kitchen were carried forward into the Company's
financial statements and accordingly the 1997 financial statements reflect a
full year of operations of that business.
In January, 1999, the Company terminated its brewpub/microbrewery
restaurant operations. Future revenues and profits will depend upon various
factors, including market acceptance of 'Net GameLink(TM), and general economic
conditions. The Company's present sole source of revenue is the future sale of
'Net GameLink(TM) systems and from associated royalties. There can be no
assurances that the Company will successfully implement its expansion plans,
including the 'Net GameLink(TM) entertainment concept. The Company also faces
all of the risks, expenses, and difficulties frequently encountered in
connection with the expansion and development of a new business. Furthermore, to
the extent that the Company's expansion strategy is successful, it must manage
the transition to multiple sites, higher volume operations, control of overhead
expenses, and the addition of necessary personnel.
Results of Operations.
Fiscal year ended December 31, 1998 compared to fiscal year ended December
31, 1997.
The Company had no revenues from the date of inception through July 1,
1997, when it began operating the former Hubcap Brewery & Kitchen, through its
wholly-owned Texas subsidiary corporation, First Brewery of Dallas, Inc.
However, as noted above, results for the year reflect operations of the acquired
Company prior to the acquisition. Prior to July 1, 1997, the Company had
received $391,351.00 in paid-in capital, and had incurred $237,478.54 in
start-up, consulting, and legal expenses associated with the formation of the
Company and its development activities.
For the 12 months ended December 31, 1998, the Company, through its
wholly-owned subsidiary, First Brewery of Dallas, Inc., had a net loss of
$681,018, compared to a loss of $576,520 for the 12 months ended December 31,
1997. First Brewery of Dallas, Inc. ceased operations on January 10, 1999. Line
by line comparisons of the individual items contributing to the Company's
results for these two years is of little or no significance in view of the
decision to terminate the Company's brewpub/microbrewery operations. Increases
in revenues and the related increases in costs of sales from the 1997 to the
1998 fiscal years generally reflect the Company's moderate degree of success in
expanding its restaurant operations. However, as the 1998 fiscal year drew to a
close it became clear to the Company's management that Texas's liquor control
laws were such that the Company would not be able to obtain approval for the
microbrewery operations which it regarded as the key to achieving
8
<PAGE>
profitable operations. Probably the most significant items in the Statement of
Operations for the two years are the increase in interest expense from $12,776
in fiscal 1997 to $39,026 in fiscal 1998, reflecting an increased level of
borrowing, primarily from shareholders., and the $132,545 provision taken in
fiscal 1998 for losses from discontinued operations, reflecting the
determination to shut down the brewpub/microbrewery activities. Interest expense
is expected to be substantially lower for the immediate future as a result of
the forgiveness of certain debt in connection with termination of the Company's
brewpub/microbrewery operations in January, 1999 as described below, and the
one-time issuance of stock in lieu of future interest as described under
"Certain Transactions."
Nine months ended September 30, 1999 compared to nine months ended
September 30, 1998.
These two periods are in no way comparable, since the nine months ended
September 30, 1998 reflect the Company's unsuccessful efforts to develop its
brewpub/microbrewery business, whereas the corresponding nine months of 1999
reflect a redirection of the Company's efforts from the discontinued business to
the development of the Company's 'Net GameLink(TM) System. For the first nine
months of 1999, the Company had essentially no revenues. Administrative costs of
$224,381 for the nine months ended September 30, 1999 compared to $368,757 for
the nine months ended September 30, 1998 reflect the $132,545 charge reflecting
the decision in January, 1999 to terminate the brewpub/microbrewery operations.
The Company recorded a $67,849 gain on the sale of equipment for the nine months
ended September 30, 1999. This gain reflects the fact that, as described below,
the guarantors of the Company's bank debt secured by that equipment foregave
approximately $65,000 in indebtedness when they acquired the bank's security
interest in that equipment upon payment of that indebtedness, and later disposed
of the equipment to reimburse themselves for a portion of these payments. The
reduction in interest charges for the nine months ended September 30, 1999
reflects an agreement by holders of that indebtedness to accept a one-time
issuance of common stock in lieu of accrued and future interest.
Liquidity and Capital Resources. As of September 30, 1999 the Company's
liquidity position was extremely precarious. The Company had current liabilities
of $908,780, including $524,111 in trade payables, most of which were overdue,
short-term notes payable of $360,500, all of which were either demand
indebtedness or were payable at an earlier date and were in default, and related
accrued interest on the notes. Current assets available to meet those
liabilities were only $4,709.
To date the Company and First Brewery of Dallas I, Ltd., the predecessor
to First Brewery of Dallas, Inc., the Company's wholly-owned Texas subsidiary
corporation, met their capital requirements through capital contributions, loans
from principal shareholders and officers, bank borrowings, and certain private
placement offerings. At the time the operations of First Brewery of Dallas, Inc.
were terminated, all of that subsidiary's assets were pledged to secure
indebtedness to SecurityBank of Arlington, Texas. That indebtedness had been
personally guaranteed by the Company's directors and by another individual. Upon
termination of the brewpub/microbrewery operations the guarantors were required
to repay that indebtedness to the bank, and upon such payment the bank assigned
the Company's notes and the related security to the guarantors. The guarantors
subsequently foregave the indebtedness and disposed of the assets securing the
indebtedness to third parties at a loss.
It is anticipated that the Company will in the near future place First
Brewery into voluntary liquidation under Chapter 7 on the Bankruptcy Act. Upon
the anticipated conclusion of that
9
<PAGE>
proceeding, the Company's consolidated balance sheet will be improved by the
elimination of $431,111 in trade payables, as those amounts are owed solely by
the subsidiary.
Even with the expected elimination of the First Brewery indebtedness, the
Company will be unable to continue its operations or to complete the development
of its 'Net GameLink(TM) hardware in the absence of substantial additional
financing. The Company is registering its outstanding common stock under the
Securities Exchange Act of 1934 with a view toward making its equity securities
more attractive to potential investors, but at the present time it has not
completed any arrangements to obtain additional financing and there can be no
assurance that it will be able to raise the necessary funds. In that connection,
it should be noted that the Company intends to place its First Brewery of
Dallas, Inc. subsidiary into voluntary bankruptcy. The Company is unable to
predict the effect of the anticipated bankruptcy on its ability to raise
additional funds to develop its gaming operations, but efforts to raise these
funds could be adversely affected by the bankruptcy.
Company History
From the SEC Filing:
VirTra Systems, Inc. was organized in 1996 to operate theme concept microbrewery restaurants. In 1997, we acquired First Brewery of Dallas, Inc., which operated the former Hubcap Brewery & Kitchen of Dallas, Texas (later renamed The Schooner Brewery brewpub). As a result of several factors, including relatively strict laws that apply to craft brewers in Texas, we found it difficult to develop this initial business, and we closed our microbrewery operations in early 1999.
In December of 1997, we acquired all rights to 'Net GameLink™ , an interactive entertainment system designed to allow a number of players to compete with one another in a game via an intranet or the Internet. From 1999, when we closed our microbrewery operations, until we acquired Ferris Productions, Inc. as described below, we had been devoting substantially all of our efforts to implementing the 'Net GameLink™ product and our operations were limited to development, construction, and beta-testing of the initial 'Net GameLink™ prototype system.
In February, 2000, we changed our jurisdiction of incorporation from Nevada to Texas. We maintain our corporate office at 440 North Center, Arlington, Texas 76011, and our telephone number is (817) 261-4269. We also maintain engineering, technical, and production offices, and a demonstration facility, at 5631 South 24th Street, Phoenix, Arizona 85040, with a phone number of (602) 470-1177.
In September, 2001, we completed the acquisition of Ferris Productions, Inc., a leading developer and operator of virtual reality devices. “Virtual reality” is a generic term associated with computer systems that create a real-time visual/audio/haptic (touch and feel) experience. Virtual reality immerses participants into a three-dimensional real-time synthetic environment generated or controlled by one (or several) computer(s). Ferris Productions designed, developed, distributed, and operated technically-advanced products for the entertainment, simulation, promotion, and education markets. The acquisition provided us with a wider array of products within our industry, an experienced management team, an existing revenue stream, and established distribution channels.
Our “immersive virtual reality™” devices are computer-based, and allow participants to view and manipulate graphical representations of physical reality. Stimulating the senses of sight, sound, touch, and smell simultaneously, our virtual reality devices envelop the participant in dynamic filmed or computer-generated imagery, and allow the participant to interact with what he or she sees using simple controls and body motions. Virtual reality products to-date have typically employ head-mounted displays that combine high-resolution miniature image source monitors, wide field-of-view optics, and tracking sensors in a unit small and light enough to be worn on the head. These products usually surround the participant with dynamic three-dimensional imagery, allowing the user to change perspective on the artificial scenes by simply moving his or her head. Virtual reality devices have in the past been used primarily in connection with electronic games, as, by surrounding the player with the sights, sounds, and smells he or she would experience in the real world, play is made far more realistic than it would be if merely presented in a two-dimensional flat screen display. Our historic areas of application have included the entertainment/amusement, advertising/promotion, and training/simulation markets.
Con Call 4/7/04
http://www.investorshub.com/boards/read_msg.asp?message_id=2813317
Does it sound familiar?????
5Cap/All
I still do understand why he or everyone else would get excited of an alliance to allow VTSI "to make far
and away the largest bid proposal on a competitive tender in the company’s history."
BFD - A bid on a contract means nada as opposed to being awarded the bid!
Am I missing something? ....and that appears to have been delayed...
5Cap
As I have said before excuses are for the weak or ill prepared. I wonder what the reason is this time. I have said before and will say again my opinion is L Kelly I am sure is a very good lawyer but as CEO of a public company? His record speaks for itself.
The original idea was a brewery that they took public and it went bankrupt (if I recall right?) and then it transformed a number of times since to the current direction. Time to change course again?
David
Great post! - "I believe we are still alive, but in need of some help in the form of large sales"
The Dutchess deal is not shareholder friendly IMO but 60+M shares is still doable. My opinion is the competition in this arena are the Lockheed Martins of the world - the real issue...
L Kelly continues to make the same mistake over and over - he should announce things when consummated vs setting himself up to fail so many times post con calls. The problem is with a company so small their wins are few and he talks about the sales pipepline. In my company our pipline is huge but the closed deals are just a subset of it. The public just hears about the closed deals...
Take care
Heel
How's the weather in Chapel Hill - sounds like it's a little too hot for you....no PO financing yet I guess...
I didn't say I was Jim Cramer - I said "I am trying to help - just call me Jim Cramer - Mad $$$$$$$$" your misinterpretation!
Ok - what's the guidance for VTSI?
What's the second quarter going to bring when they announce on 8/15?
Heel
It was a misinterpretation back in 2001 - I admitted I was wrong back then and publicly apologized for it - period end of story.
DaDoc
No disrespect - just a little too fast with the fingers
Be well
Heel
As Joe Friday said many a year ago - just the facts. I am trying to help - just call me Jim Cramer - Mad $$$$$$$$ - lol
Have they used the PO Financing yet?
Dada
34 Million shares out - profitable and over $300M in revenue and growing. It's not where the price was - it's where it is going from $10
IPO in 9/04 @ $12...
VTSI over 60M shares and little or no revenue for 7 years????
Management????
Dubi
Thank you - I am in agreement with your assessment. Love the sales growth and profitablity and the low # of shares bodes well.
In addition - I am impressed with the type of mutual funds and instituions holding - hopefully still holding the stock
http://finance.yahoo.com/q/mh?s=NSTC
TOP INSTITUTIONAL HOLDERS
Holder Shares % Out Value* Reported
FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP) 2,907,885 8.48 $34,836,462 31-Mar-05
GALLEON MANAGEMENT L.P. 2,011,072 5.86 $24,092,642 31-Mar-05
AXA 1,692,981 4.94 $20,281,912 31-Mar-05
JLF ASSET MANAGEMENT, L.L.C. 1,489,154 4.34 $17,840,064 31-Mar-05
SCHRODER INVESTMENT MANAGEMENT GROUP 1,313,600 3.83 $15,736,928 31-Mar-05
CITADEL LIMITED PARTNERSHIP 919,535 2.68 $11,016,029 31-Mar-05
SELIGMAN J.W.&CO INCORPORATED 701,000 2.04 $8,397,980 31-Mar-05
Amvescap Plc 554,900 1.62 $6,647,702 31-Mar-05
PIER CAPITAL, LLC 517,130 1.51 $6,195,217 31-Mar-05
SAGAMORE HILL CAPITAL MANAGEMENT LP 300,100 .87 $3,595,198 31-Mar-05
TOP MUTUAL FUND HOLDERS
Holder Shares % Out Value* Reported
FIDELITY SMALL CAP STOCK FUND 1,231,032 3.59 $13,332,076 30-Apr-05
FIDELITY CONTRAFUND INC 1,197,212 3.49 $14,342,599 31-Mar-05
SELIGMAN COMMUNICATIONS AND INFORMATION FUND INC 579,700 1.69 $8,625,936 31-Dec-04
VARIABLE INSURANCE PRODUCTS FD II-CONTRAFUND PORTFOLIO 343,045 1.00 $4,109,679 31-Mar-05
ALLIANCE BERNSTEIN SMALL CAP GROWTH FUND 340,000 .99 $4,494,800 31-Oct-04
SALOMON BROTHERS SMALL CAP GROWTH FUND 307,500 .90 $4,575,600 31-Dec-04
FIDELITY SELECT PORTFOLIOS - SOFTWARE & COMPUTER SERVICE 225,000 .66 $2,956,500 28-Feb-05
ALLIANCE BERNSTEIN SMALL CAP GROWTH INSTITUTIONAL FUND 172,800 .50 $2,291,328 31-Jan-05
AXP Global Series-World Technologies Portfolio 169,700 .49 $2,250,222 31-Jan-05
FIDELITY ADVISOR NEW INSIGHTS FUND 115,700 .34 $1,386,086 31-Mar-05
I too picked up more at $10.20 yesterday and am well poised when/if a nice run occurs in my opinion within the next 6 mos or so...
Take care
All/Very Sad
"You can expect to hear within the next couple of weeks of a major bid proposal..."
A MAJOR BID PROPOSAL??????
The ultimate reach? Like when the BIG news is when a company submits a bid proposal? Big freakin deal...not when a contract is awarded - NNNNoooo when a company jointly replies to a bid along with many other companies.
Unless of course I am misreading this??? If so please clarify.
All in my humble opinion - these are simply my personal thoughts and as always please refer to the company SEC filings to obtain the real facts...
Take care
David
If I recall you've had this stock over 7 years and...
"I'm still holding, but I can say that many (if not all) of the investors I have talked to about Virtra have already bought and then gave up on this company. Many broke even, some lost money. Thus, my credibility has also been put in question and it doesn't make me feel good about bringing them in. I personally no longer recommend Virtra to any friends or family."
If they haven't produced by now then will they... what was the outstanding share total 7 years ago 10M??? - now 60M+...
My point on the other examples is many MUCH larger companies have oustanding share totals ALOT less than VTSI's. My guess is this is dead money and there are much better places to invest and earn $$$. Hate to say it but many of the previous posters are gone and have sold IMHO.
Good luck and take care
Ceres/Sir Felix
Relevence????
NSTC - 34M shares outstanding...
Revenue $167M 12/02
$226M 12/03
$305M 12/04
Profitable as well
and then there is VTSI
Revenue
Revenue $2.3M 12/02
$1M 12/03
$1.3M 12/04
Q1 $166K
Shares 60+M
More shares??? Further dilution???
The stock printing press continues...IMHO
"During the quarter we settled a number of lawsuits on what we believe are favorable terms. In keeping with our promise to those leaseholders who accepted our proposal in December we settled with the single largest leaseholder on terms substantially similar to those offered in December. We settled the John Aleckner and VR films litigation essentially on a walkway basis as Mr. Aleckner waves any claim to repayment on his notes"
Will be interested in the outstanding shares and the Q2 results when announced 8/15...
So was it a deal or not???
Interesting...
• Upon announcing our first deal in Mexico, one competitor whispered to our clients that our multi screen systems had never been completed, had never been built and wouldn’t work.
• After we announced our initial air force sale that same competitor whispered that we have never dealt with the military and would not timely deliver.
• After the Washington county announcement that same competitor again called our client and stated that we were financially unsound or headed for bankruptcy and would not deliver as promised.
• Similarly after our Little River announcement the public safely director received a call from our competitor falsely stating that we had never delivered a law enforcement simulator.
• After a military branch interested in buying as many as 6 systems, who had demonstrated all the products in the marketplace, and indicated a preference for ours, another competitor came back and tried to undercut us by reducing his bid 30%.
The point is that we have not lost any of these deals. But because of our competitors’ questionable tactics, you will note me being very reluctant to name names in talking about our pending projects."
I wonder if our "dog" has teeth or are they only interested in message board comments? Know what I mean?
He is quoted as saying "Even without completion of one of the company changing deals to which I have previously intimated" ... The major Mexico deal which we have previously announced, we have been advised by our Mexican people to expect that to happen in the fall. We’ve hea(r)d just as recently as the past week that there are now more Mexican state governments interested in acquiring our systems
but those notes also state; "You buy(by) now realize that we do no(t) announce any sales, particularly in the training and simulation market until the deals are final"
So the deal WAS announced yet it was NOT final it appears - define final??? Sounds to me like a conflict lol..
Charlie
From the post:
"Netflix went from $10 in 5/03 to $40 in 2/04. They recently missed their street profit # which was the reason for the class action suit and the stock falling. The stock is still at $16. It was a VG winner for me. I would be all over them you say if this was VTSI. What did you want me to do post the missed profit target here to let you know? lol
I am still in the black on it...more competition and slimmer margins - tough to keep up the pace it was doing."
So if I am still in the black then my cost is below $16 - actually $12 anyway...
Take care
Someday...Someday
Someday VTSI may issue a PR like this -then again....
http://biz.yahoo.com/prnews/050510/nytu127.html?.v=10
Ness Technologies Announces First Quarter 2005 Financial Results
Tuesday May 10, 8:00 am ET
Revenues increased to $88.4 Million up 24% Year-Over-Year
Net Income increased to $4.9 Million up 104% Year-Over-Year
HACKENSACK, N.J., May 10 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. (Nasdaq: NSTC - News), a global provider of IT services and solutions, today announced financial results for the first quarter ended March 31, 2005.
-- Revenues reached a record $88.4 million, up 24% year-over-year.
-- Net income increased to $4.9 million, up 104% year-over-year, including
a $0.6 million non-cash stock compensation expense.
-- Backlog increased to $412 million.
-- Cash and cash equivalents increased to $109 million.
-- Global workforce increased to 5,170.
-- Ness closed the acquisition of the Romanian company Radix Company SA,
in April.
First quarter 2005 revenues reached $88.4 million, an increase of $17.3 million or 24%, from $71.1 million in the first quarter of 2004 and a $6.1 million or 7% increase from $82.3 million in the fourth quarter of 2004.
First quarter 2005 net income including the non-cash stock compensation expense increased to $4.9 million, more than double the $2.4 million reported in the first quarter of 2004. First quarter 2005 net income includes non-cash stock compensation expense of $533,000 related to redeemable option awards for which the Company is required by GAAP to recognize in this quarter based upon the Company's stock price, which, net of applicable income taxes, had the effect of reducing net income by $346,000.
Diluted earnings per share for the first quarter 2005 were $0.14 compared to $0.10 in the first quarter 2004. Excluding the non-cash stock compensation expense, diluted net earnings per share for the first quarter 2005 would have been $0.15.
Backlog as of March 31, 2005 was $412 million, up 31% compared to $314 million as of March 31, 2004 and up 3% compared to $401 million as of December 31, 2004.
As of March 31, 2005, Ness' cash and cash equivalent position was $109 million, up from $104 million as of December 31, 2004.
Mr. Raviv Zoller, President and Chief Executive Officer of Ness Technologies stated, "In addition to reporting record revenues and a significant increase in our net income, we also continued to strengthen our balance sheet. Our backlog remains strong and provides a solid foundation for our future growth prospects."
"We continue to invest in IT professionals and facilities in key geographic regions including Central and Eastern Europe, North America, the United Kingdom and Asia Pacific. The strategic acquisition of Radix Company SA, during the second quarter of 2005, the first since its initial public offering, provides Ness a strong presence in Romania and a launching board for future expansion. These actions further strengthen our global delivery platform as well as, our ability to provide comprehensive local market expertise," concluded Mr. Zoller.
Guidance
The Company is reiterating its 2005 annual revenue guidance of $370 million to $375 million and full year 2005 diluted net earnings per share guidance in the range of $0.70 to $0.75.
For the second quarter 2005 Ness expects to generate revenues in the range of $88 million to $90 million.
Ness forecasts second quarter 2005 diluted net earnings per share to be within a range of $0.13 to $0.14.
Netflix
http://www.investorshub.com/boards/read_msg.asp?message_id=4049134
http://finance.yahoo.com/q?s=NFLX
Yeah baby Netflix going over $20 tommorrow...and then there's the dead money here IMHO
I see MANY of the old faithful have sold - even Weeble does not think it will go to the moon...
Security stocks all rising well almost all...
Missed Milestones?
Let's see if Q3 2005 is profitable - the CEO is one record - again.
http://www.investorshub.com/boards/read_msg.asp?message_id=4390045
Ceres
Well said - Free country
By the way - here's a company - NSTC - 34M shares out
Revenue over $300M and highly profitable
No hype and then there's VTSI over 60M shares and how much revenue?
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1609068559&tid=nstc&sid=...
Dubi
Please detail their past mistakes.
Thank you
Dubi
I first saw this stock recommended in Forbes.com which is for ideas only but after research I became very impressed:
Revenue Growth and profitable - increasing EPS. Prospects look very bright and looks undervalued IMO
12/02 $167M
Net Inc (2M)
12/03 $226M
Net Inc $2M
12/04 $305M
Net Inc $13M
Here is the Q1 announce and their year guidance - Q2 results to be announced 8/10 and they had some very good revenue awards in Q2
http://biz.yahoo.com/prnews/050510/nytu127.html?.v=10
Bylo
Midas?Dubi
I am very long on this company as well. Purchases made Friday and again today based on my research.
I noticed from your profile you are very active in Israel's economics and companies. I am interested in your further input on this company.
Thank you
Weeble
Where you been man? It's a bunch of crap - IMHO!!!
Take care
Charlie OT
It is not too late to get into IACI IMO. I picked up 1000 shares last Thurs at $24.70 and hoping for a quick hit to 30. The split is for 1 for 1 so 500 shares IACI and 500 shares Expedia post split. There is some good DD on the Yahoo site and check out the Morningstar report I linked. Good luck
IACI OT
Expedia to split off of IACI - 1000 shares of IACI means 500 IACI and 500 of Expedia
Morningstars Report
http://quicktake.morningstar.com/err/abde/200100X536.pdf?ss=ye&kw=stock4
http://finance.yahoo.com/q/pr?s=IACI
http://finance.yahoo.com/q/ks?s=IACI
Take care
Charlie
Red Sox fans long suffering for quite some time....lol