TUTS
Tut Systems, Inc. designs, develops and markets advanced communications products that enable high-speed data access over the copper infrastructure of telephone companies, as well as the copper telephone wires in homes, businesses and other buildings. The Company's products incorporate high-bandwidth access multiplexers, associated modems and routers, Ethernet extension products and integrated network management software.
stockcharts.com
stockcharts.com
chart looks like it broke out, but i think it should retrace to the 50 dma and if we get a real break, the 200 dma...as you've always suggested,,,they always come back to that level.
biz.yahoo.com
insiders selling of late...so hopefully, we can have a reasonable retrace to get some shares.
market cap 1.58B,,sales 56.4M....P/S 23
FLOAT 10.8M (makes for a very volatile stock)
Institutions own 81% of float. WOW.
Short interest 661k shares or 6.1% of float.
Recent News.
July 19, 2000.
Tut Systems, Inc. More Than Quadruples Revenues, Reporting 319% Year Over Year Growth
Operating Profitability on a Pro Forma Basis Achieved a Quarter Ahead Of Expectations
PLEASANT HILL, Calif., July 19 /PRNewswire/ --
Tut Systems, Inc. (Nasdaq: TUTS), today reported a strong second quarter performance with revenues for the quarter ended June 30, 2000, of $21 million, an increase of 319%, compared to revenues of $5 million for the quarter ended June 30, 1999. This quarter Tut achieved its first quarter of operating profitability on a pro forma basis -- a quarter ahead of internal expectations.
The net income for the quarter ended June 30, 2000, excluding certain noncash purchase acquisition expenses of $1.8 million, was $0.6 million, or $.04 per share, compared with a net loss for the quarter ended June 30, 1999, of $(2.7) million or $(.23) per share. Net loss for the quarter ended June 30, 2000, including noncash purchase acquisition expenses, was $(1.2) million.
"This is an exciting milestone for Tut to achieve pro forma profitability this rapidly in the fiscal year," said Tut Systems, Inc. President and Chief Executive Officer, Sal D'Auria. "Additionally, we beat our internal goals for every single financial metric including a two point increase in our gross margins. Clearly, these kind of results show our business is accelerating beyond our expectations with a clear path for continued growth in future quarters."
"In the MTU market place, Tut also expanded its leadership position with total shipments to date of more than 17,000 building systems and over 200,000 lines to the multi-tenant industry," said D'Auria. "And, the exciting thing about this industry, is that systems deployments to commercial and residential multi-tenant buildings throughout the world are just beginning to be rolled out. Our internal calculations show that only 1-2% of MTUs have building systems in them today -- which indicates an enormous opportunity for Tut to continue to sell our multi-tenant solutions all over the world."
Recent Announcements:
Significant announcements from Tut since the end of the first fiscal quarter include:
7/00 Tut Systems Ships Over 200,000 Lines to the Multi-Tenant Industry and Over 17,000 Building Systems
6/00 Tut Systems Ships the Industry's First LAN-Based Multi-Tenant Unit System Delivering Data Over 2500 Feet
6/00 Tut Systems Announces Next Generation Expresso SMS/OCS Service Delivery Platform for Multi-Tenant Properties
5/00 Tut Systems Completes Acquisition of Xstreamis
5/00 Tut Systems Ships 15Mbps Solution for Commercial Applications in the Multi-Tenant Market
4/00 Tut Systems, Inc. Reports 323% Year Over Year Growth in First Quarter Revenues
4/00 Tut Systems Ships Over 120,000 Lines to the Multi-Tenant Market
4/00 BRE Properties' VelocityHSI Signs Agreement with Tut Systems Expected to Be Worth Up to $10 Million
4/00 Tut Systems Names Former Compaq Executive as Vice President of Marketing
About Tut Systems, Inc.
Tut Systems is a leading provider of multi-service broadband access systems for multi-tenant buildings including apartments, dormitories, hotels and commercial properties. Tut's family of multi-service platform products allows service providers and property owners to use buildings' existing infrastructure or new copper or fiber infrastructure to cost-effectively and reliably deliver multi-service integrated broadband communication solutions.
In partnership with service providers, Tut has deployed its solutions in commercial and residential properties of the country's largest real estate investment trusts, and in the flagship properties of major hotel chains worldwide. Tut's HomeRun(TM) technology has been chosen by the Home Phoneline Networking Alliance (HomePNA) as the initial specification for in-home networking over phonelines.
News from 7/19/00
Tut Systems, Inc. Ships Over 200,000 Lines to the Multi-Tenant Industry
Tut's Expanded Leadership Position Includes a Shipment of Nearly 17,000 Building Systems Deployed in Multi-Tenant Buildings
"These are very exciting numbers because most of these lines and building systems deployments are actually 'lit up' for service and are generating revenue for our customers," said Mark A. Carpenter, Vice President of Marketing for Tut Systems. "These numbers not only indicate our solid leadership position but also the boom occurring in the multi-tenant market. Our service provider customers have realized that in-building systems designed specifically for multi-tenant environments are a great business opportunity to offer broadband services to the millions of people worldwide living and working in multi-tenant buildings."
The Multi-Tenant Market
The multi-tenant market -- including apartments, hotels, dormitories, commercial office buildings, business parks and retail centers -- is a large and growing opportunity for service providers deploying broadband communication services. In the United States alone, nearly one-third of the population lives in residential multi-tenant buildings and nearly 70% works in multi-tenant commercial buildings. This has created the need for the development of communication networks to address the unique characteristics of multi-tenant facilities, and has created a tremendous business opportunity for service providers. The combined domestic and international multi-tenant market opportunity is estimated to be worth over $11 billion. (Sources: BOMA, Yankee Group, Tut internal estimations) Internal Tut estimates also indicate that only 2-3% of the multi-tenant market has been deployed to date. "The rapid growth in the demand for broadband communication services in the MTU market has created new opportunities for both equipment manufacturers and service providers," said Mike Wolf, Director of Residential Networking Services for Cahners In-Stat Group, an industry analyst firm. "Tut's robust deployments are yet another indication that the MTU market is no longer a 'niche,' but a business that is deploying as rapidly as the deployment of broadband access to single homes and business."
Tut's Multi-Tenant Solutions
Tut Systems' product offerings include an entire portfolio of products which can deploy integrated communications services to virtually every type of MTU building -- apartments, dormitories, hotels, and commercial properties, centrally wired as well as non-centrally wired. These solutions lower the cost of ownership for both solution providers and property owners by using buildings' existing infrastructure or new copper or fiber. In addition, the remote management and self-provisioning capabilities of Tut's products eliminate the need for on-site MIS managers and costly service provider truck rolls. Tut Systems' On-Premises solutions provide a cost-effective, high-quality and advanced service solution for service providers in this large growing market.
More News.
7/17/00
British Telecommunications Selects Tut Systems to Wire up Multi-Tenant Properties
6/1/00
Tut Systems Enables High-Speed Internet Services in Leading Hotels Around the World
U.S.A.
California: Anaheim/DoubleTree Orange County; Brea/Embassy Suites;
San Diego/Mission Bay Hilton Resort
Georgia: Marietta/Marietta Conference Centre
Illinois: Alsip/Radisson; Peoria/Mark Twain Hotel Chain;
Springfield/Holiday Inn University Plaza
Kentucky: Louisville/Galt House
Massachusetts: Boston/Swissotel
Maryland: Baltimore/Comfort Inn; Rockville/Sleep Inn, Quality Suites
Minnesota: Minneapolis/Regal Hotel, Quality Inn
North Carolina: Greensboro/Embassy Suites; Raleigh/Embassy Suites
New Jersey: Atlantic City/Trump Towers; Murray Hill/Murray Hill Inn, Best
Western Hotel; Runnemede/Holiday Inn
New York: New York City/Hilton Hotel, Excelsior Hotel, Roosevelt Hotel,
Trump International, Roosevelt Hotel, Excelsior Hotel; White
Plains/Renaissance Hotel
Ohio: Cincinnati/Embassy Suites; Columbus/Ramada Plaza
Texas: Houston/Houstonian Hotel; Richardson/Clarion Inn
Utah: Park City, Yarrow Resort
Washington, DC: Holiday Inn on the Hill
NORTH AMERICA
Canada: Ottowa (Ontario)/Luxor Hotel
Mexico: Monterrey/Holiday Inn Galeria, Holiday Inn Express, Technologico
Millennium Group
EUROPE
UK: Watford (England)/Jarvis Hotel
ASIA
China: Beijing/Peace Hotel; Hong Kong/Hyatt Kowloon
Japan: Tokyo/Century Hyatt, Tokyo Hilton
Singapore: Hyatt Singapore
South Korea: Seoul/Ritz Carlton
Taiwan: Taipei/Grand Hyatt
Thailand: Bangkok/Grand Hyatt Erawan, Grand Pacific
5/30/00
Tut Systems Completes Acquisition of Xstreamis
About Xstreamis
Xstreamis develops switching and routing systems that utilize ATM and Label Switching Routing to provide class-beating, IP based, multi-service delivery platforms. Xstreamis' technology incorporates radically new mechanisms for reducing the cost of owning and operating a broadband network. Xstreamis was awarded "Hot Product of 1999" by Data Communications Magazine for its innovative approach to residential broadband technology. Xstreamis' HQ and R&D center is located at Oxford's Science Park. Xstreamis was formed in 1997 and has received funding from Abel Ventures and Commerzbank. |
