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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV
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To: art slott who wrote (12836)8/3/2001 9:57:20 AM
From: richard badauskas  Read Replies (2) of 13157
 
Second quarter results came in a little better than expectations. Sales at $4.2M (expectations were $3.9M). Loss was $8.95M (down from $10M in the last quarter). Note that account receivables at the end of the last quarter were flying at $3.9M so we should easily exceed sales of $4.2M in the third quarter (my guess is sales over $5M and loss under $8M) . Annualized sales growth is running at +150% (excellent results in a vicious technology bear market when other technology sectors sales have gone very sharply negative).

The bearish share price is related to management shake up. Some very bullish pointers here. New management is putting a broom through the structure and expenses side of the business. With a little house cleaning we may get losses down around $5-5.5M per quarter within the next four/five months.

Bullish management pointers include the upgraded role of Intellocity and the arrival of nCube President Michael Pohl. I understand that Janco is pointing to a possible merger, jv or acquisition. The fact that a friendly appointment of Pohl has occurred this points to a possible jv with nCube (we have the cash) AND nCube has a network based personal video recorder system called n4 capable of storing 95,000 hours of programs (200 channels for one week). Such a deal would be very, very bullish and place us in a prime position in the VOD market.

In my opinion the current weakness is an opportunity to scoop up stock dislodged by a very needed management and structural shake up. Good luck to all longs.
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