Thanks old buddy baldy I finally got someone to talk to now!
But I always seem to be the only one talking because I'm always too early for the PARTY!
You see more people are going to come here know that I'm not talking to my self so I want you to take some credit when this stock goes up from know on!!!!
I know you said you are out of cash but I want you to write down that you could have bought AMCM @ .47 when I told you about, so you can watch it grow from this point.
Here is reason 1:
AM Communications Awarded Network Management Contract by Charter Communications
QUAKERTOWN, Pa.--(BUSINESS WIRE)--Feb. 8, 2001--AM Communications, Inc. (OTC:AMCM) announced today that they have been selected by Charter Communications (NASDAQ:CHTR) to provide network monitoring and management solutions Charter's HFC network upgrades nationwide.
Under the terms of the agreement, AM will supply transponders and software to monitor critical elements of Charter's HFC headends and outside transmission equipment in approximately 80 networks over a multi-year period. AM will also supply monitoring solutions for headend optical transmitters and receivers, outside plant optical nodes, and un-interruptible network power supplies.
Client-server software systems running AM's Omni2000 monitoring software will be installed at each Charter headend, at regional operating centers and at a national operating center. John Pietri, Senior Vice President of Engineering for Charter Communications, said "This configuration will provide local management personnel with real-time decision data about the performance of important network elements, while providing regional and national operations managers with performance and trend-line information that will assist them in improving network reliability."
As a related part of the agreement, AM's newly formed Broadband Systems Integration Group will provide customized software integration services that tie together various Charter 3rd party management software systems including DOCSIS compliant cable modem managers, return path monitoring systems from Trilithic, network management from HP OpenView, and engineering & geographic mapping systems based on AutoCad.
The AM Broadband Systems Integration Group is a strategic partnership between AM Communications and NeST Technologies. Inc. NeST Technologies provides AM with access to over 400 software developers employing a world-class CMM Level V software quality system.
Joe Rocci, VP and General Manager of AM's Broadband Monitoring Products Group commented "We are extremely happy to announce this relationship with Charter. This multi-year project is the largest commitment from a single customer in our history, and AM estimates it could exceed $15 million over the project term. AM and Charter are now preparing to move into the first network that will employ this advanced set of management solutions. Charter is an industry leader in rolling out advanced services such as digital video and high-speed data, and we feel that their selection of AM Communications' products and services for their network management requirements is a major milestone for our company."
Javad ("Jay") Hassan, Chairman of AM Communications added "The Charter deal is obviously a very significant win for AM Communications. It is validation of our business strategy to become the leading provider of hardware, software, and services that ensure HFC network reliability. Our relationship with NeST Technologies and their world-class CMM Level V software development capability is the advantage that won the business for AM. We are now leveraging that capability to replicate the Charter success with other nationwide and international network operators."
AM Communications, Inc., located in Quakertown, Pennsylvania, is a leading provider of plant, headend, and hub management solutions to the broadband industry. AM's solutions provide network operators with greater control over their networks' performance levels and reliability, giving them a competitive edge in today's deregulated communications environment.
Through partnerships and close working relationships with leading network technology companies including Philips, Scientific-Atlanta, Motorola and ADC, AM Communications has emerged as a true open systems company capable of supporting multi-vendor networks through cooperative engineering.
Registered under ISO-9001, AM's 25+ years of quality, dependability, and service are key to designing, building, and implementing management solutions for the broadband network. AM Communications is an OTC company traded under the ticker symbol "AMCM". More information is available at AM's Web site: www.amcomm.com.
With more than 6.3 million customers, Charter Communications, a Wired World(tm) company, is among the nation's largest broadband communications companies.
Charter offers an array of advanced broadband services, including cable television under the Charter Cable TV brand; advanced digital video programming services under the Charter Digital Cable(tm) brand; and high-speed Internet access via Charter Pipeline(tm). Charter's Class A common stock is traded on the Nasdaq National Market under the ticker symbol "CHTR."
More information about Charter can be found at www.chartercom.com.
Statements in this press release regarding business that are not historical facts may be "forward-looking statements." Forward-looking statements are inherently subject to risks, uncertainties and assumptions.
Important factors that could cause actual results to differ materially from any such forward-looking statements are identified in the reports and documents filed from time to time with the U.S. Securities and Exchange Commission.
(c) Copyright 2001 AM Communications, Inc. The AM logo is a registered trademark of AM Communications, Inc.
CONTACT:
AM Communications, Inc.
Media Contact:
Christine Mascaro, 215/538-8729
cmascaro@amcomm.com
or
Charter Communications
Media Contact:
Anita Lamont, 314/543-2215
alamont@chartercom.com
KEYWORD: PENNSYLVANIA
Here is reason 2:
Thursday February 8, 4:26 pm Eastern Time
Press Release
AM Communications Announces Third Quarter Fiscal 2001 Results Revenues Up 34% From A Year Ago
QUAKERTOWN, Pa.--(BUSINESS WIRE)--Feb. 8, 2001--AM Communications, Inc. (OTC:AMCM - news) announced today the financial results for the third quarter and first nine months of its fiscal year 2001 ended December 30, 2000.
Revenues for the third quarter of fiscal 2001 were $3.6 million, up 34% compared to $2.7 million reported for the third quarter of fiscal 2000. The Company reported net income of $150,000 during the recent quarter, compared to a net loss of $401,000 in the comparable period in fiscal 2000.
Revenues for the nine months ended December 30, 2000 were $11.2 million, up 64% from the $6.8 million reported in the comparable period a year ago. Net income was $700,000 for the nine months ended December 30, 2000, compared to a net loss of $1.2 million in the comparable nine-month period a year ago.
Commenting on the results, Javad Hassan, Chairman, said, ``We have continued to make progress in growing our business year over year, though we experienced a slight decline in revenues sequentially from the $3.9 million reported in the past September 2000 quarter. Our revenue levels in the December quarter were impacted by manufacturing issues including component and capacity limitations.
We have increased purchase levels of longer lead time components and expect NeSTronix, our manufacturing partner, to increase capacity in the next several months, which we anticipate will allow revenues to grow sequentially for the March 2001 quarter.
Concurrently with the issuance of this earnings release, we issued a release announcing a major new customer relationship with Charter Communications. This relationship is a multi-year program with Charter Communications to install OmniStat(TM) monitoring systems in some 80 operating sites and the development and integration of multiple network monitoring and management systems.
We estimate that revenues from this program could exceed $15 million over a multi-year period, making this the largest customer commitment in the Company's history.
Backlog was at $4.1 million as of December 30, 2000, up from $3.9 million a year ago, but has subsequently declined to $3.7 million as of February 2, 2001. The drop in backlog since December 30, 2000 is due to a slowdown in OEM bookings during the first several weeks of January 2001, which is considered seasonally slow.
The backlog does not include new bookings that we expect to receive from the new Charter business. We also are expecting to see a ramp up of revenues from our two new strategic business units, the AM Broadband Services and AM Network Integration Solutions groups. Both of these groups have closed new business recently and will report revenue in the March 2001 quarter.
While we have identified several new customers and revenue segments, our revenue growth could be tempered due to general economic conditions and other factors which could limit our customers' rollout of new services and purchase of AM products.
We have continued to leverage AM's market recognition, customer base and strategic technical and manufacturing relationships in order to position the Company to become one of the world's leading broadband reliability companies to enable 'just in time' maintenance and service. We are excited about our recent successes with Charter and our new business groups, which we view as evidence that our strategy is being accepted by the customer base.``
AM will be hosting a conference call with interested investors on Friday, February 9, 2001, beginning at 10:00 a.m. (EST). Anyone interested in participating may contact us at 800/248-9004 to register for the call. A digitized replay will be available from 1:30 p.m. on February 9 to 11:59 p.m. on February 12, 2001 by calling 800/475-6701, access code 570071.
AM Communications, Inc., located in Quakertown, Pennsylvania, is a leading provider of plant, headend, and hub management solutions to the broadband industry. AM's solutions provide network operators with greater control over their networks' performance levels and reliability, giving them a competitive edge in today's deregulated communications environment.
Through partnerships and close working relationships with leading network technology companies including Philips, Scientific-Atlanta, Motorola and ADC, AM Communications has emerged as a true open systems company capable of supporting multi-vendor networks through cooperative engineering.
Registered under ISO-9001, AM's 25+ years of quality, dependability, and service are key to designing, building, and implementing management solutions for the broadband network. AM Communications is an OTC company traded under the ticker symbol ``AMCM''. More information is available at AM's Web site: www.amcomm.com.
This news release discusses primarily historical information. Statements included in this release, to the extent they are forward looking, involve a number of risks and uncertainties such as competitive factors, technological developments, and market demand.
Further information on potential factors that could affect the Company's financial results can be found in the Company's Reports on Forms 10-KSB and Forms 10-QSB, which are filed by the Company with the Securities and Exchange Commission (SEC).
(c) Copyright 2000 AM Communications, Inc. The AM logo and OmniStat name are registered trademarks of AM Communications, Inc.
AM COMMUNICATIONS, INC.
Condensed Statements
of Operations ($000)
-----------------------
(Unaudited) Three Months Ended Nine Months Ended
Dec. 30, Jan. 1, Dec. 30, Jan. 1,
2000 2000 2000 2000
--------- --------- --------- ---------
Revenues $ 3,574 $ 2,669 $ 11,195 $ 6,838
Cost of Sales 1,725 1,610 5,482 3,642
Selling, General
& Administrative 774 675 2,298 1,946
Research and
Development 891 763 2,618 2,441
--------- --------- --------- ---------
Operating Income
(Loss) 184 (379) 797 (1,191)
Net Income (Loss) $ 150 $ (401) $ 700 $ (1,248)
========= ========= ========= =========
Basic Net Income
(Loss) Per Share $ Nil $ (0.01) $ 0.02 $ (0.04)
========= ========= ========= =========
Diluted Net Income
(Loss) Per Share $ Nil $ (0.01) $ 0.01 $ (0.04)
========= ========= ========= =========
Shares Used in
Computation of
Basic Net Income
(Loss) Per Share 34,021 32,367 33,611 31,948
========= ========= ========= =========
Shares Used in
Computation of
Diluted Net
Income (Loss)
Per Share 53,619 32,367 52,962 31,948
========= ======== ========= =========
Condensed Balance Sheets
($000)
------------------------ December 30, April 1,
2000 2000
------------ ------------
(Unaudited) (Audited)
Cash $ 14 $ 79
Accounts Receivable 2,620 2,439
Inventory 2,341 1,694
Prepaid Expenses and Other 312 131
------- -------
Total Current Assets 5,287 4,343
Equipment and Fixtures, Net 227 216
Other Assets 9 16
------- -------
Total Assets $ 5,523 $ 4,575
======= =======
Current Portion of Debt 1,055 782
Accounts Payable 1,716 1,650
Accrued Expenses and Other 925 1,149
------- -------
Total Current Liabilities 3,696 3,581
------- -------
Long Term Debt 69 93
Deferred Revenue 102 126
Senior Convertible Preferred
Stock 1,983 2,583
Stockholders' Equity (Deficit) (327) (1,808)
------- -------
Total Liabilities and
Stockholders' Equity $ 5,523 $ 4,575
======= =======
--------------------------------------------------------------------------------
Contact:
AM Communications, Inc., Quakertown
Investor Relations
Christine Mascaro, 215/538-8700
Fax: 215/538-8779
cmascaro@amcomm.com |
