Glad to see someone remembered BARR! They also reported record sales & earnings. Smiths group got BARR dirt cheap, Imo....My wife still has some 1 dollar shares from years ago in her ira. Even though the buy-out is all cash, she wasn't happy, thinks the stock is worth 20. (she never sells anything)
Same thing will happen to INVN, they are bait, I just hope they get a price around $10....Although they will probably go cheap, like VVID. These little companies have technology and patents that are worth far more than what book value indicates, too bad they never seem to get the technology multiple they deserve.
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BARR earnings>
For the fourth quarter of 2000, revenue increased 62.8% to $6.9 million, compared with revenue of $4.3 million for the prior year's fourth quarter. Operating income for the quarter increased to $722,000 versus $19,000 in the year-ago quarter. Net income for the current quarter increased 308% to $974,000, or $0.13 per diluted share, compared with $239,000, or $0.03 per diluted share. Included in last year's fourth quarter was a loss of $47,000 or $0.01 per diluted share due to discontinued operations. The weighted average diluted shares outstanding in the current quarter was 7,267,000 versus 7,456,000 in the fourth quarter of last year.
For the twelve months ended December 31, 2000, revenue increased 39.1% to $27.6 million, compared with $19.8 million for the same period last year. Operating income for the twelve months increased 111% to $5.0 million, compared with $2.4 million during the comparable period last year. Net income increased to $4.6 million, or $0.63 per diluted share for the twelve months, compared with $1.3 million, or $0.16 per diluted share reported for the prior year's period, an earnings per share increase of 294%. Included in net income for the twelve months ended December 31, 1999 was a loss of $0.17 per diluted share from the Company's discontinued operation. The weighted average diluted shares outstanding for the twelve-month period was 7,407,000 compared with 7,752,000 in the same period last year.
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Barringer Technologies Inc. (Nasdaq: BARR - news), one of the world's leading providers of trace drug and explosive detection equipment, today announced that it has entered into a definitive agreement with Smiths Group plc (``Smiths'') under which Smiths would acquire all the outstanding shares of Barringer for $11.05 per share in cash. The transaction values the equity of Barringer Technologies at approximately $87 million. The $11.05 acquisition price per share represents a 17% premium to the average closing stock price for the company over the last 30 trading days. |
