ESS Technology, Inc. designs, markets and supports highly integrated mixed signal semiconductor, hardware, software and system solutions for multimedia applications in the Internet, personal computer and consumer marketplaces. For the fiscal year ended 12/31/01, net revenues fell 11% to $271.4 million. Net income from continuing operations fell 83% to $11 million. Results reflect continued weakness in the PC market and reduced gains on the sale of investments.
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PE is 88 and it appears some (how much? all perhaps) of those "earnings" have been on sale of investments. This we know since they have "reduced gains" on sale of investments.
Are they making ANYTHING on core operations?
19% short.
Bears are usually correct when this short.
Looks like that last top on ESST near 25 was a good short and hold point.
core business segment is horrible segment.
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ESS Technology, Inc. designs, markets and supports highly integrated mixed-signal semiconductor solutions for multimedia applications in the Internet, personal computer and consumer marketplaces. The Company offers comprehensive solutions for networking and Digital Versatile Disk (DVD), Internet-related semiconductor, Communications, Video Compact Disk (VCD)/Super Video Compact Disk (SVCD) and PC Audio applications. The Company and its subsidiaries operate in two business segments, the semiconductor segment and the Internet segment.
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