*ot*
Greg, This one has nothing to do with MCLL, but this company(cici) got delisted in 1994 and filed bankruptcy. But it's coming back big time with "New Business Model" and "New Management". MCLL might fall flat but it's worthwhile to give MCLL a second chance to work it out with new partners, imho.
later,
InSook
.....................................
CICI profiled in new issue of Business Week.....nice writeup by Gene Marcial
BUSINESSWEEK INVESTOR -- INSIDE WALL STREET
Look: Software inside a Pen
In the summer of 1994, Communication Intelligence (CICI) was delisted on the
Nasdaq and subsequently filed for bankruptcy protection. Enter an investor group
headed by Philip Sassower, which put up financing to save the company and pull it
from bankruptcy. Today, Communication Intelligence (CI) has a hot new product:
software integrated in a pen for use on palm-size electronic organizers, hand-held
PCs, and wireless phones. The software is used to authenticate signatures in
documents transmitted via the Web, in 'smart phones' now in use in Europe, and
for e-commerce transactions as a means of preventing online fraud and theft.
Since Sassower, now CI's chairman, installed new management, the company's
stock has regained its trading rights on the Nasdaq. It jumped from just above 1 in
August to 9 7/8 on Jan. 3, before dipping below 7 on Feb. 15. And Sassower has
been busy signing up licensing pacts with major companies, including Ericsson,
Microsoft, Fujitsu, Hitachi, Mitsubishi, and National Semiconductor. Ericsson will
use the pen-based software solution in its new R380 cellular phones that give
access to the Internet.
Analyst Raymond Mucci of investment firm Baird Patrick, which owns a big stake
but does not follow the company, thinks the stock is on the brink of breaking out
because of the positive story that's unfolding about CI's technology. The company,
which posted revenues of $4.6 million in the first three quarters, is expected to
more than double 1999's sales of $4.5 million by yearend. CI expects to be in the
black this year.
BY GENE G. MARCIAL |
