AI
Matt, took a look at this one, it doesn't make sense to me, so I'll pass.
What brought it to your attention?
FORG
Forgent Networks, Inc., formerly known as VTEL Corporation, is an enterprise software and services provider that enables organizations to collaborate effectively and efficiently. The Company has three business lines: enterprise software and services, intellectual property licensing and legacy services. Forgent's Video Network Platform (VNP) is a network management software product that improves quality of service and cost of ownership in multi-vendor and multi-protocol environments. Combining VNP with the Global Scheduling System (GSS), a Web-based scheduling application, Forgent offers VideoWorks, a self-contained package for managing videoconferencing. The Company's intellectual property licensing business is derived from its patent licensing program. As a vendor-neutral service provider, its legacy services continue to offer customers maintenance and technical support on thousands of devices and endpoints, hardware units, as well as installation and other related services.
For the three months ended 10/02, revenues rose 88% to $12.5 million. Net income from continuing operations totaled $426 thousand, vs. a net loss of $3 thousand. Results reflect the new technology licensing revenue, improved gross margin, and the absence of restructuring charge.
Recent Price $1.60
Book Value (mrq) $1.33
Total Cash (mrq) $14.6M
Market Capitalization $39.3M Shares Outstanding 24.6M Float 24.2M
Shares Short 79.0K Percent of Float 0.3%
Insider and 5%+ Owners: 2%
46 institutions Institutional: 21%
December 3, 2002 the registrant had outstanding 24,576,299 shares
August 2001, the Company restructured its organization, which involved the termination of 65 employees, or 17% of the workforce
Chart wise:
Money flow started spiking last week, anlong with a positive move on the williams and stochastic, but the other indicators are weird. You have decreasing volume. No cross overs on the ema's, MACD still downtrending, If I were dead set on buying, I would wait for the 20 ema to cross the 50 around $1.90.
http://139.142.147.218/HistoricalChart_Image.dll?interval_min=5&cus=0&indexSymbol=&secur...
What brought it to your attention?
FORG
Forgent Networks, Inc., formerly known as VTEL Corporation, is an enterprise software and services provider that enables organizations to collaborate effectively and efficiently. The Company has three business lines: enterprise software and services, intellectual property licensing and legacy services. Forgent's Video Network Platform (VNP) is a network management software product that improves quality of service and cost of ownership in multi-vendor and multi-protocol environments. Combining VNP with the Global Scheduling System (GSS), a Web-based scheduling application, Forgent offers VideoWorks, a self-contained package for managing videoconferencing. The Company's intellectual property licensing business is derived from its patent licensing program. As a vendor-neutral service provider, its legacy services continue to offer customers maintenance and technical support on thousands of devices and endpoints, hardware units, as well as installation and other related services.
For the three months ended 10/02, revenues rose 88% to $12.5 million. Net income from continuing operations totaled $426 thousand, vs. a net loss of $3 thousand. Results reflect the new technology licensing revenue, improved gross margin, and the absence of restructuring charge.
Recent Price $1.60
Book Value (mrq) $1.33
Total Cash (mrq) $14.6M
Market Capitalization $39.3M Shares Outstanding 24.6M Float 24.2M
Shares Short 79.0K Percent of Float 0.3%
Insider and 5%+ Owners: 2%
46 institutions Institutional: 21%
December 3, 2002 the registrant had outstanding 24,576,299 shares
August 2001, the Company restructured its organization, which involved the termination of 65 employees, or 17% of the workforce
Chart wise:
Money flow started spiking last week, anlong with a positive move on the williams and stochastic, but the other indicators are weird. You have decreasing volume. No cross overs on the ema's, MACD still downtrending, If I were dead set on buying, I would wait for the 20 ema to cross the 50 around $1.90.
http://139.142.147.218/HistoricalChart_Image.dll?interval_min=5&cus=0&indexSymbol=&secur...
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