EONC, a turnaround player. EONC is a turnaround stock. Its business is being improved after several quarter decline. It reported 166% increase in revenue in this quarter and forecasted further improvement in Q1 2005 and the whole 2005.
Recently, CEO and CTO bought huge shares at $2.04. Now its price is just $1.5. Undervalue absolutely!
Followings are some of EONC earning call.
"This quarter's performance indicates that our business is improving and that we are progressing toward our goal of resuming profitable quarterly growth," said David Lee, eOn's chairman and chief executive officer. "We remain confident that our investment in China's emerging contact center market, combined with the upswing in activities we are experiencing in our other market segments, will enable us to achieve this goal."
Fourth Quarter Operational Highlights
During the quarter, the Company acquired a controlling interest in Cortelco Shanghai Telecom Equipment Company ("Cortelco Shanghai"), a provider of fiber optic transmission equipment, data communications systems, and network management software in Asia. Cortelco Shanghai's profits for the two months ended July 31, 2004 were consolidated in eOn's quarterly results. This acquisition allows eOn to leverage Cortelco Shanghai's technical service and support infrastructure in China as it expands its eQueue distribution networks.
The Company provided eQueue solutions for customers in China and the US, including Teleweb, one of the largest international consulting, training and outsource service providers in Asia. In the US, ARAMARK Corporation, a world leader in providing award-winning food and facilities management is using the eQueue to enhance the delivery of services to their customers. Follow-on orders were received from long time eOn customers CallTech, Circuit City, the US Coast Guard, as well as from distribution partners Northrop Grumman, Frequentis USA, and Professional Teledata.
Lee concluded, "We expect that our business plan, which places an emphasis on capturing significant share in emerging international markets, will produce continued improvement in both revenue and earnings during Q1 and throughout our 2005 fiscal year." |
