ATEA $7.05 + 1.36 DD Info BABY EFUT
1) Tiny 1.8 MM float 35% owned by institutions
2) Trades at 1.0 Price/Sales ratio compared to 3.0 Industry average. IF ATEA traded at Industry average would be in $25 range.
3) Low float stocks are very strong this time of myear with "January effect". Last January ATEA went over $20.
4) ATEA has partnerships with ORACLE and MICROSOFT which was expanded in July.
5) ATEA now has a larger more diverse revenue base than when it went to $26 in January.
6) ATEA expanded to CHINA in late 2005. Low float China software stocks have been on a tear- EFUT went from $11 to $50 +
7) Recent Insider Buying.
8) Revenue has grown 60% the last 2 quarters and will continue to grow exponentially with the slate of new contracts: Here is a summary of business highlights and contract wins this year:
9) Aquisition candidate - rumored Oracle buyout
SIGNIFICANT new customers:
-Danka Office Imaging Company (US), a leading independent provider of copiers, printers, and imaging products who will be deploying Alliance Mobile for approximately 1,250 field technicians.
Siemens Business Services US), a leading provider of systems technology services, offering network management and outsource desktop support services intends to leverage Astea's Alliance Suite and Alliance Mobile to support more than 1,500 users.
-Technology Integration Group (US), a single source of IT solutions for small, medium, enterprise, government and education organizations, will be implementing Astea Alliance to support more than 240 corporate and field engineers.
- Successfully rolled out Astea Alliance for XPL in Fiji, Seiko in Japan, RCR Tomlinson in Australia, and Mettler-Toledo in Thailand.
-New license deals in Japan signed with AlphaNet, Sony, and MTServices.
-Major European Service Integrator selected Astea's Service Management Suite. Existing Astea customers such as Optos (US), Enovation Graphic (US), and InfoSystems (now MTM Technologies) (US), continued to expand their configurations with additional licensing for more users and functionality."
Summary of Pipeline: Our .Net version continues to receive high marks from the analysts as well as our customers. We are experiencing strong market momentum as well as positive competitive positioning. We continue to invest significantly in sales and marketing, professional services, and research and development to support our initiatives and reinforce our leadership position in the Service Lifecycle Management market," stated Zack Bergreen, CEO of Astea International. "We are seeing both new and add-on business opportunities and we believe that this will continue to grow in future quarters. Our products and services remain 'best in class,'"
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