Hi Tom ..
Started some DD on RNBO technologies
and seems an interesting spec under 5 ..
Just wanted to find out what anyone
knows about this one before I spend
any more time on it ..
RNBO @ 4 9/16 down from 27
Founded in 1984, Rainbow Technologies is a leading provider of security solutions for the Internet and eCommerce. Rainbow applies its core technology to a variety of Internet applications -- from securing software, to the acceleration of secure communication for eCommerce and Virtual Private Networks (VPNs). Rainbow's products include secure Web server and VPN acceleration boards; anti-piracy and Internet software distribution solutions; PKI security solutions; voice, data and satellite security systems; and USB-based authentication tokens. The company is headquartered in Irvine, California, and maintains offices throughout the United States, United Kingdom, France, Germany, Australia, China, India, The Netherlands, Brazil, and Taiwan. A network of nearly 80 authorized distributors sells Rainbow products worldwide. For more information, visit our Web site at www.rainbow.com.
Rev growth +35% to 163.0 mm
Net Inc +78% to 14.4 mm
MCAP ~ 120 mm
shs 26.06/21.60
cash ~ 1.00
pe = 9
psr = 0.80
Company warned on 4/02 to expect
loses of 7-10 cents per share vs
expected 6 cent profit .. CC on May 2nd
Any thoughts pro or con ??
seems cheap relative to peer group ..
Jim in Ct .. |
