From Raging Bull, some good information about the recent acquisition:
By: Spiritfeather
Reply To: 8743 by jrinvestor Wednesday, 17 Nov 1999 at 7:49 PM EST
Post # of 8748
Been doing a little research on the company that Pacel just bought (Fairfax Communications) from Advanced Communications. This is some information from AC's annual report:
>>> A United Kingdom based subsidiary of the Company was recently awarded
ISO9001 TickIT certification, an internationally recognized endorsement for
quality management and quality assurance. This certification provides assurance
to customers that the process involved in the design, development, maintenance
and support of software developed by the subsidiary adheres to the ISO 9001
quality management standard.
CUSTOMER TYPE
U.S. Government......................... $28,607 90% $48,284 92% $ 97,463 90%
Commercial.............................. 848 3 1,997 4 9,422 9
International........................... 2,210 7 1,913 4 867 1
------- --- ------- --- -------- ---
Total......................... $31,665 100% $52,194 100% $107,752 100%
======= === ======= === ======== ===
\
During fiscal 1998, revenues from international business amounted to 1% of
revenues. The vast majority of the Company's international business revenues are
derived from sales of the Company's products to foreign navies and the
performance of services related to such sales. Because international business to
date has had higher profit margins than U.S. government business, an inability
to obtain future international business could adversely affect the Company's
future operating margin. Because both the Company's expenses and its revenues
from its international business are generally denominated in U.S. dollars, the
Company does not believe that its operations are subject to material risks
associated with currency fluctuations. <<<<<
ACSC (Advanced Communications) did over $100 million in business last year so it looks like Fairfax Communications does around $1 million in revenues. Certainly should help the bottom line. Anybody else find anything on this company.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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