g...vso is very small one...symbol tvin...company went thru the ringer years ago but if you read latest releases and filings it looks good here at .15...also, api may be finally breaking out...sheesh...took forever, also, mentioned adsp other day, this from ceo on cbs mktwatch:
Ariel: funding woes from volatility
By Michael Baron, CBS.MarketWatch.com
Last Update: 12:32 PM ET Jan 11, 2001
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NEW YORK (CBS.MW) - Ariel's Chief Executive Dennis Schneider
attributes most of the blame for his company's funding woes to the volatile
performance of its stock for a short period in October of 1999.
At that time, the shares (ADSP: news, msgs) jumped from roughly $2 to
more than $57 each in a handful of trading sessions.
"We were working on a deal that would have provided added capital at
the time and the volatility threw all the numbers we were looking at out of
whack," Schneider told CBS.Marketwatch.com following a breakout
session with analysts and money managers at the Needham Growth
Conference in New York.
"There has absolutely been a backlash from investors since then. That's all
some people know about us," he said.
Schneider blamed the incredible stock surge in the stock on erroneous
reporting of a company announcement and the subsequent arrival of
"pump and dump" artists, who ran the stock to lofty heights on huge
volume then dumped it on average investors caught up in the then
commonplace buying euphoria.
Ariel shares have plummeted to below $1 since that rocket ride, hitting a
52-week low of 50 cents on Dec. 27. The stock recently changed hands
at $1, up 3 cents, or 6.7 percent.
Cash on hand
Schneider said the company's current resources - including roughly $3.9
million in cash - are enough to carry operations through the second
quarter.
Ariel offers digital signal processing products for open systems remote
access to the Internet. The company's been actively seeking partners and
investors but it's finding the offers have been less than appealing.
"We get at least one call a day but none of the deals has stacked up," he
said, agreeing that a lot of bottom-fishing seems to be going on. "We
remain open to proposals. It will be a crime if this company isn't able to
follow through."
Schneider offered a bullish guidance for the future Wednesday afternoon,
saying he expects Ariel to turn a quarterly profit in the fourth quarter of
this year. Revenue is forecast at $20.5 million in fiscal 2001, $43.2 million
in fiscal 2002 and $64.4 million in fiscal 2003.
Schneider believes the numbers represent less than 1 percent of the
market opportunity. Ariel targets small to mid-size Internet service
providers that are beneath the radar of heavyweight networking firms like
Cisco Systems (CSCO: news, msgs) .
Vote of confidence
Schneider also disclosed that he recently invested more of his own money
in the Cranbury, N.J., firm.
"I can't believe it's trading at these levels," he said. "My greatest concern is
the funding, of course, but I have absolutely no doubts about the concept
because the value of open systems remote access is so compelling." |
