AMPD (Nasdaq) has been as high as 3 3/16 this month and is now sitting around 2.00. I am still working on it but so far so good.
Here is some info...profile, add'l releases and SEC filings avail at Yahoo. I like this
situation because of the orders already placed and due to ship and the prototype release on
5/3...plus we have the internet wireless access division on 5/20. This sector is very much in
favor now and I believe AMPD will be able to capitalize on the monies spent in their
sector of the communications niche going forward. Some of that is already demonstrated
in the press releases. Also note the company has enough bucks for the time being due to a
placement done in March which was done BEFORE the run up to 4.50 in April. Shares
outstanding now 5.67m. There is considerable TLCF here, one legal dating back to 1997,
no pref, and SE as of last 10-q was $2m. Backlog and open orders at year end 1998
totalled $7m. This stock tends to move on slight pressure either way...closed Fri 6/18 was
2 3/16, was at 3 3/16 10 trading days ago, 52wh 4.56 back in April.
Ist qtr rev was $655k vs $321k and 1st qtr loss was ($299k) vs ($426k). The company's
10-k gives an excellent overview of the wireless sector and their strategy and products for
that sector. Makes good reading even if you are not interested in this stock. Wireless is
here and it is only going to get bigger and bigger. I keep a separate list of wireless
companies and most of them seem to be doing very well...with some of the activity
explosive. I hope to talk to the company this week and see how things are going...I think
there is considerable potential here.
Do your own due diligince here.
Amplidyne, Inc. Establishes Wireless Internet Access
Division
SOMERSET, N.J.--(BUSINESS WIRE)--May 20, 1999--Amplidyne, Inc. (NASDAQ: AMPD - news, AMPDW - news),
Amplidyne today announced that it has established a new division to provide hardware to Internet Service providers initially
using the unlicensed 2.4 and 5.7GHz frequency bands.
Licensed band products will also be developed in parallel. The Company intends to provide total solutions for high speed
Wireless Internet Access. The Company's patented predistortion technology will play a key role in the RF amplification of the
wide band spread spectrum signals to be deployed. This division will be headed up initially by Devendar S. Bains, CEO of
Amplidyne. Charles J. Ritchie and Manish V. Detroja current board members, will act as executive consultants to Mr. Bains in
the establishment of this division.
Mr. Ritchie was elected to the Board of Directors of the Company in February 1998. Mr. Ritchie has had a 32 year career
with Lucent Technologies, formerly AT&T, with assignments that included Product Management, National Cellular Sales
Manager, and International Wireless Product Support, as well as many others.
Mr. Detroja was elected to the Board of Directors of the Company in February 1998. Mr. Detroja is currently the President
and Chief Executive Officer of Current Circuits Inc. (''CCI''), a private company engaged in the manufacturing of printed circuit
boards for the electronic industry. Mr. Detroja is a graduate of Temple University and has a B.S. in Electrical Engineering
Technology.
The Company's hardware expertise in RF and DSP technology will allow it to address the needs of point-to-point and
point-to-multi point technology for the unlicensed as well as licensed bands.
Devendar S. Bains the President, Chief Executive Officer and Chairman of Amplidyne, Inc. stated ''This is a very exciting
phase in the development of the Company and its products as related to the high speed Wireless Internet Access.''
Certain information contained in the press release is forward-looking. Actual results might differ materially from the
forward-looking statements contained in the press release. Important factors that could cause actual results to differ materially
from those indicated by such forward-looking statements are risks involved in starting new product lines, competition, managing
expansion, modifications to specifications requested by the customer, fluctuations in purchase orders, or the customer's failure
to meet its forecasted usage, requirements for new product development and product obsolescence.
Contact:
Amplidyne, Inc., Somerset
Devendar Bains, 732/271-8473
Fax: 732-271-8493
Amplidyne Inc. Receives Prototype Order for Its New
NMT-450 Multi Channel Amplifiers
SOMERSET, N.J.--(BUSINESS WIRE)--May 3, 1999--Amplidyne Inc. (NASDAQ: AMPD - news, AMPDW - news), a
manufacturer of wireless communications amplifiers, today announced that the company has received a purchase order for
prototype units in the NMT frequency band, from a major North American OEM.
The company intends to deliver products by the end of the 2nd quarter, and is negotiating purchase agreements for production
quantities starting from September, 1999 going into the year 2000.
Devendar S. Bains the president, chief executive officer and chairman of Amplidyne Inc. stated ''The potential worldwide
market for NMT products is expected to reach over $100 million in sales in the next few years. This purchase order for the
NMT-450 Multi Carrier products was obtained by Amplidyne due to recognition by the customer of Amplidyne's advanced
patented predistortion technology which enables the company to manufacture Wide Band Multi Carrier linear amplifier
products with improved efficiency and reliability. The products have excellent performance due to the deployment of patented
predistortion technology. Amplidyne's products with its patented predistortion technology are ideally suited for Multi Channel
TDMA and Broad Band CDMA, emerging 3G Systems, and IMT 2000 Systems. The company is able to meet the stringent
requirements of the Broad Bands CDMA Systems primarily due to its key enabling technology in the form of predistortion and
feed forward. Certain organizations have requested relaxation of the Broad Band CDMA 3G specifications. However
Amplidyne with its advanced technology can meet all the requirements.''
Bains added, ''Exciting opportunities have now been created for our products to be used in the emerging wireless Internet
access market. The combination of wireless and Internet access will create unprecedented demand for wireless voice services
and wireless Internet access throughout the globe. The number of wireless subscribers are expected to increase from about 275
million in 1998 to more than 500 million by the end of this decade. The number of Internet users now some 70 million are
expected to reach 320 million by the year 2002. Explosive growth is expected in wireless data which will require highly linear
wide band Multi Carrier amplifiers for carrying Internet protocol (IP packets) efficiently through a mobile wireless network.
Amplidyne's proprietary predistortion and wideband Feed Forward correction designs will continue to create new business
opportunities in these emerging markets.''
Amplidyne, Inc. designs, manufactures and sells ultra linear power amplifiers and related subsystems to the worldwide wireless
telecommunications market. These single and multi-carrier linear power amplifiers, which are a key component in cellular base
stations, increase the power of radio frequency and microwave signals with low distortion. The company's products are
marketed to the cellular, wireless local loop and PCS segments of the wireless telecommunications industry.
Certain information contained in this press release is forward-looking. Actual results might differ materially from the
forward-looking statements contained in this press release. Important factors that could cause actual results to differ materially
from those indicated by such forward-looking statements are changes in specifications requested by the customer, changes in
purchase orders, cancellations of orders due to rapid technological changes, or the customer's failure to meet its forecasted
usage, new product development and product obsolescence.
Contact:
Amplidyne Inc., Somerset
Devendar Bains, 732/271-8473
Fax: 732/271-8493
www.amplidyneinc.com |
