Hi All, I wanted to get this out to a few that might be interested. Normally I do this via email, but I currently don't have the pleasure of that service. :<(
It is not going to format right on SI, but what's a sailor to do? Work with it best you can.
ZRAN $27.00 - Zoran Corporation 10-19-99
Business Overview
BRIEF: Zoran Corporation develops and markets software, integrated circuits and IC Intellectual Property cores for digital audio and video applications enabled by compression. For the six months ended 6/30/99, total revenues rose 40to$25.5M. Net income totaled $1.3M, vs. a loss of $357K. Revenues reflect increased DVD product line sales. Earnings also reflect an improved gross profit margin and a $732K gain on the sale of the SoftDVD product line.
Zoran Corporation Reports Record Third Quarter Revenue and Earnings
siliconinvestor.com
For the first nine months of 1999, revenues increased to $41.6 million from $30.1 million for the comparable nine-month period in 1998. Net income for the nine-month period ended September 30, 1999 grew to $3.3 million, or $0.28 per share on a diluted basis, compared with $56,000, or $0.01 per share on a diluted basis, for the same period last year.
"We achieved record revenues, unit volumes, operating profit and net income in the third quarter," said Dr. Levy Gerzberg, President and Chief Executive Officer of Zoran Corporation. "The DVD market continues to accelerate and drive the company's growth, as evidenced by our strong performance during the quarter which saw a sequential increase of 41 percent in DVD unit shipments. Our DVD product revenue accounted for more than 63 percent of product sales for the quarter."
Upgrades / Downgrades History
Date Broker Action From To
19-Oct-99 CE Unterberg Towbin Started - Buy
20-Aug-99 Salomon Smth Brny Started - Outperform
23-Jul-99 CE Unterberg Towbin Upgrade LT Buy Buy
1-Feb-99 CE Unterberg Twbn Started - LT Buy
29-Jan-99 CIBC Oppenheimer Upgrade Hold Strong Buy
14-Jan-99 Preferred Cap Mkts Upgrade Accumulate Buy
8-Sep-98 Preferred Cptl Mkts Upgrade Hold Accumulate
ZORAN CP
Current Price: $27.000 Report Date: 1/18/00 Previous Close: $25.250 Number of Analysts: 5 Dollar Change: 1.75 Average Target: $37.00 Percentage Change: 6.93% Poll Submissions: 0 Earnings Poll: N/A
Statistics at a Glance -- ZRAN
Price and Volume
(updated Oct 18, 1999) Per-Share Data Management Effectiveness
Book Value (mrq) $3.66 Return on Assets (ttm) 5.40%
Earnings (ttm) $0.23 Return on Equity (ttm) 7.25%
52-Week Low $6.438 Sales (ttm) $4.49 Financial Strength
Recent Price $25.25 Cash (mrq) $1.75 Current Ratio (mrq) 3.03
52-Week High $36.00 Valuation Ratios Long-Term Debt/Equity (mrq) 0
Beta 2.70 Price/Book (mrq) 6.91 Total Cash (mrq) $18.3M
Daily Volume (3-month avg) 364.1K Price/Earnings (ttm) 110.75 Short Interest
Share-Related Items Price/Sales (ttm) 5.62 Shares Short
as of Sep 8, 1999 606.0K
Market Capitalization $266.6M Income Statements Short Ratio 1.38
Shares Outstanding 10.6M After-Tax Income (ttm) $2.61M
Float 5.70M Sales (ttm) $51.5M
Dividend Information Profitability
Annual Dividend none Profit Margin (ttm) 5.1%
What I like right out of the gate is the small float and very small short ratio. This tells me that the company will continue to grow and profit. Fair value appears to be around $24.20 a share.
Charts:
clearstation.com
easystock.com
It has broken above the short term moving averages, may have the momentum to move back to $36. Maybe holiday sales of DVD's will push it on up.
Web Page:
zoran.com
From Kevin Landis:
fnews.yahoo.com
Landis says the fund also did well in August with Zoran Corp. (NASDAQ:ZRAN - news) , a stock that he calls a proxy for Digital Video Disks (DVDs). 'It is a strong player for us,' says Landis. It's adding a lot of value to the DVD industry.' Zoran is a leader in integrated circuits (ICs) and software for digital video and audio applications using compression technology.
I decided to take some suggestions from Jack & a few others and try to get at the real meat of the DD. JZGalt asked me to look into this one. With Landis on board, and from what I have seen I just think we might have a winner here. JMHO. I want this one for several reasons. Any thoughts or comments.
LemonHead |
