SignalSoft...
O/S: 22.82m
Float: 4.4m
Insider ownership: 81%
The company provides location-based software and services to wireless carriers. A Red Herring Top 100 private company, before the offering. Specifically, they own a 911 software product called "E911" that enables carriers to:
1. identify the caller's phone #
2. locate their location within 125 meters
The 2 phases above is an FCC requirement that must be completed by October, 2001. At&t is the only company to
comply with the 1st demand, which Signal provided. No one to date has complied with phase 2, which Signal
is about to roll out in Houston. They have sold their 911 services to 7 out of the top 10 US wireless carriers.
Additionally, they are using the "E911" to get their foot in the door to offer more services, because the software is very flexible.
<http://www.e911.cc/>
It's software consists of other applications such as:
1. Bill the wireless customer the same low rate as their
home phone, while using the wireless in the house.
2. Ability to deliver targeted traffic reports or other
content tailored to the customer.
3. Potential for sending and receiving hotel bids while
traveling.
4. Ever see that commercial where the guy from his rental
car plugs in "italian restaurant," and one appears on
the LCD screen with the directions? Well the software
does that too.
5. The software has applications such as the "ONSTAR" system
located in the new cadilaacs.
6. The software provides endless applications for network providers
who want to provide wireless customers informational services over
their wireless.
There's many more examples that you can access visiting
this link:
<http://www.signalsoftcorp.com/local_info/examples.html>
Management Experience: More than 100 years' combined from At&t and Verizon
<http://www.redherring.com/mag/issue79/herring100/signalsoft.html>
Partnerships: Lucent, Alcatel, Nortel, and Motorola
Content-distribution partnerships: Vicinity, and Infospace
<http://www.redherring.com/mag/issue68/news-wireless.html>
Financials:
For the 6 months ended 6/30/00, total revenue totaled $4.8M, up from $403K. Net loss applicable to Common rose 76% to $7.9M. Results reflect increased sales of licenses under reseller agreements, offset by increased personnel, consulting and travel expenses.
Mkt Cap: 468m
P/S: 21.38
Gross Margin: 59%
<http://yahoo.marketguide.com/mgi/SNAP.asp?rt=snap&rn=A2617>
A 5 year revenue growth rate of 92%, more than double industry standard. Also, a one year growth rate of more
than 1600% from 2nd quarter of 2000(June 30) vs 1999.
<http://yahoo.marketguide.com/mgi/MG.asp?rt=ratio&rn=A2617>
<http://yahoo.marketguide.com/mgi/highlights/A2617.html>
Underwriters:
Salomon Smith Barney; Donaldson, Lufkin & Jenrette Securities Corporation; Lehman Brothers
KM |
