EDGR and SGTL - and brief status update:
Both EDGR and SGTL had roughly DOUBLE volume and were both UP significantly today. The overall mkt was up too, but not up huge. Read on for the reasons behind today's moves in each.
EDGR
Today's announcement: biz.yahoo.com
EDGAR(R) Online(R) Announces I-Metrix(TM) Xcelerate, Delivering XBRL Processing Services
Wednesday January 11, 7:00 am ET
SOUTH NORWALK, Conn.--(BUSINESS WIRE)--Jan. 11, 2006--EDGAR® Online®, Inc. (Nasdaq: EDGR - News) announced today that it has extended its I-Metrix(TM) product suite to include I-Metrix Xcelerate, enabling filing agents, exchanges and regulators to process content into an eXtensible Business Reporting Language (XBRL) format.
EDGAR Online President and CEO Susan Strausberg said, "We are leveraging the proprietary processes and techniques that we have developed while converting seven years and thirty quarters of U.S. fundamental data into XBRL format. This allows us to meet the needs of filing agents, regulators and exchanges within the U.S. market and internationally."
Strausberg continued, "Our services enable more organizations to see the benefits of XBRL without reengineering current workflows - which can be a costly endeavor. The creation of valid XBRL documents is a complex process and EDGAR Online brings unique expertise to the task, as we are the only organization that currently offers 30 fiscal quarters of standardized XBRL-tagged financial information to the U.S. market place."
In early December 2005, Gartner Research published a report entitled "EDGAR Online Provides New Investment Analysis Capabilities With XBRL-Tagged Data." The author stated, "Extensible Business Reporting Language (XBRL) can improve the quality and efficiency of investment analysis. What has been missing is XBRL-tagged data for analysis." A copy of the Gartner Research report can be found at www.edgar-online.com.
Although XBRL filings with the SEC are currently voluntary, recent comments by SEC Chairman Christopher Cox indicate that XBRL could play a major role in the modernization of SEC systems. At a December, 2005 meeting hosted by the AICPA, Cox called the use of XBRL "an extraordinarily important initiative" that will shape the future of financial reporting. He also called it one of his top priorities.
Cox said that the interactive data XBRL creates "will lead to vast improvements in the quality, timeliness and usefulness of information that investors get about the companies they're investing in." He also stated "XBRL will do for business reporting what bar coding did for product distribution."
EDGAR Online is a founding member of the XBRL Consortium. Over the past five years it has worked with the Consortium on the development of the standard, the taxonomies (industry data tags) and global awareness of XBRL.
Information about EDGAR Online's new XBRL processing service, I--Metrix Xcelerate, is available by calling (888) 870-2316 (toll-free in the U.S and Canada) or (212) 457-8200.
Yesterday's news article:
Is EDGAR Headed for XBRL?
By Paul Allen
January 06, 2006
Interactive data is a phrase you can expect to hear a lot from the Securities and Exchange Commission. Having issued a request for information (RFI) in October 2005 to help it assess the benefits that interactive data formats such as eXtensible Business Reporting Language (XBRL) can provide, on Nov. 21, the SEC released a draft request for proposals (RFP) for a new contract to overhaul its Electronic Data Gathering, Analysis and Retrieval (EDGAR) system and enable it to embrace interactive data. The draft RFP provides the basis for preliminary discussions with the software industry and will be followed by a final RFP, in mid-January.
EDGAR is the mainstay of the SEC's disclosure program. Approximately 700,000 filings received by the SEC each year from corporate securities issuers and investment companies flow through EDGAR - providing a repository of information accessible to the public. As the SEC nears the end of its eight-year agreement with Northrup Grumman for the service and maintenance of EDGAR, it is seeking to enter into a new contract - expected to be awarded by midsummer - for future support, with the expectation that the system will require a redesign to allow it to handle an increase in filings that use interactive formats, such as XBRL.
Read the rest of the article here:
financetech.com
SGTL - last night, they announced this: biz.yahoo.com
SigmaTel, Inc. Earnings Conference Call (Q4 2005)
Scheduled to start Tue, Jan 31, 2006, 4:30 pm Eastern
This means that they do not have a pre-announcment to make, which some analysts expected and that, at a minimum, they will make the lower end of the previous guidance.
FROM PRIOR POST at 11/8/2005 8:31:36 AM
EDGR - Earnings report was slightly below Q3 guidance and stock has sold off, but this has been a 2006 story. So, we'll see. According to this post on Yahoo, "We are going to participate in the Wall Street Analysts Forum in NYC in December and expect to do 1 – 2 per month going forward.Best,
Michael R. Frank"
finance.messages.yahoo.com.
EDGR will be embarking on a road show of sorts. Key is what Insiders do. Does the RU prof purchase more at this lower price point? As for me, I am thinking of waiting to see a definite bottom before purchasing more. Of course, I am not purchase anymore. I still think that they have a tremendous product, but sales have to start to ramp. Perhaps I would be better off waiting to see the sales ramp and purchasing more at a higher price than purchasing more at a lower price if sales never ramp.....
SGTL - I was really high on this company. Q3 Earnings report was actually better than expected, but the stock sold off. Unfortunately, mgt appears to have a credibility issue with the Street that can only be rehabilitated over time. I think Insider activity should be watched here as well. They issued a nice PR this morning about a product that is future oriented. It will be interesting to see the Street's reaction. Here's the PR. SigmaTel Puts New Twist on MP3 Players
Tuesday November 8, 6:00 am ET - FunTwist's Latest D-Chord800 Delivers Outstanding Music in Multiple Formats Wirelessly and in Stereo via Bluetooth
AUSTIN, Texas--(BUSINESS WIRE)--Nov. 8, 2005--SigmaTel, Inc. (NASDAQ: SGTL - News), a leader in mixed-signal multimedia semiconductors, is helping the innovative portable music player maker FunTwist to cut customers free from clumsy wired headphones. The new FunTwist D-Chord800 delivers outstanding digital music performance in multiple formats wirelessly via a Bluetooth® link that switches to phone mode when it detects an incoming call.
FROM PRIOR POST #119
Trade Alerts - and brief status update:
Have cont'd accumulating EDGR - got some today as low as 1.90. Still love it. Re-read the Q2 cc. My confidence isn't quite what it was and the chart looks like one that only a loser could love, but I am still a believer. My gut says manipulation, but who is behind this inexplicable nose-dive? Maybe there really is bad news, which would certainly explain the amount of selling and lend credence to the Street noise. Then again, maybe the mysterious "poison pill" has something to do with this. More on that below. Indeed, this feels like the time that DESC unexplicably dove lower and lower. This time I am buying all the way down. Only time will tell if this is the correct move. I think this one may need a six to nine month timeframe, but it should rock'n roll at some point. How can a solid, business RU prof be wrong? He purchased at much lower levels, and most recently, purchased a big bunch at ~$2.77. Memo to self: go back to the older cc's to find the story behind the poison pill legal costs that was referenced in the Q2 cc...was someone interested in taking a position at an earlier time?
Sold half the position in OVTI at close to a wash - needed to make room for more EDGR. Same reason that I sold CKCM in the prior post.
Tomorrow night, SGTL reports - formally. I am staying tune for the updated guidance. Any chance we finally receive some well-deserved good news? If recent history is any indication, I would say no, which is why this s/b interesting. I think this is a great LT hold, but it's really trying my patience. Tomorrow night's call should answer a few questions.
TSCM reports on Thursday. Now, this is one that I am really looking forward to. Cramer's popularity is still blistering. He is on the cover of the current Business Week mag.
businessweek.com
New Positions
EDGR - love it - from my Insider trade proprietary model - purchases to date between 2.67 - 2.32
OVTI - love it - from my proprietary Huge Cash/High SI model- purchases to date between 12.46 - 12.27 |
