Off Topic..............................
No. I did my research. EuroTeleCom claims to have sold $14M worth of goods last year. But they don't file SEC docs.....................
sec.gov
They make:
Phones...............
eurotelecom.de
Mobile phones........................
eurotelecom.de
And copying, fax, machines..............
eurotelecom.de
Did they sell some phones, copiers, or fax machines to Dell and IBM? No relationship with digital video.
They have already agreed to a merger, with another BB stock, US Digital Comm...............................................
--------------------------------------------------------------------------------
Wednesday May 6, 12:00 pm Eastern Time
Company Press Release
U.S. Digital to Acquire International Telecommunications Company
WASHINGTON--(BUSINESS WIRE)--May 6, 1998--U.S. Digital Communications Inc. (OTC:USDI - news) Wednesday announced that it has signed a Letter of Intent to acquire EuroTelecom Communications Inc. (OTC BB:EUTC - news), of Delaware.
EUTC, with operations in the United States, United Kingdom, Europe and Japan, is a major supplier of information technology systems and networking infrastructures to telecommunications operators, systems integrators, large and small corporations, financial institutions, governments, defense and intelligence organizations. In 1997 EUTC's family of companies generated more than $14 million (unaudited) in revenues and produced a pre-tax profit of $337,332 (unaudited). A cross section of EUTC's customers includes: U.S. Department of Defense, UK Ministry of Defense, House of Commons, Luxembourg Stock Exchange, Phillips Origin and major banks.
Speaking for USDI, Robert Wussler, chairman of the board commented, ''EUTC is poised to become one of the world's premier suppliers of intelligent systems. Its advance level intelligent capabilities nicely complement those of our telecommunications subsidiary, Skysite, and will add enormously to the range of products and services that we can provide our customers around the world.''
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Another company that doesn't file SEC documents....................
biz.yahoo.com
I hope they get to see financials.
No reason to invest in EUTC. They were hot in 1988, with fax machines, but they never got market share. |
