rodman,
From the Q1 results release:
"NHC signed two important agreements in Europe during the first quarter
which should be reflected in higher sales beginning in the second quarter and
increasing in the second half of this year. NHC was awarded a two-year
contract with British Telecom Plc for the distribution of its Token Ring LAN
extension products. As well, NHC's TokenEase J-Link Fiber Extender has been
approved by Olicom, a global leader in the design and manufacture of total
networking solutions, specializing in connectivity and high-speed LANs."
Sylvain Abitbol, President and
Chief Executive Officer. ''We also have a number of exciting products in the
pipeline that will be launched this year, including the first Switching
applications of our high-speed Gallium Arsenide chip in the fourth quarter.
With its SX88 matrix chip, developed through more then two years of
research and development efforts, NHC is positioned to deliver higher
bandwidth physical layer switching products permitting speeds of OC12 and
beyond. The new chip addresses a market potential which has been estimated at
US$3.5 billion, with NHC and Nortel cited by DataPro, an industry publication,
as the two key players within this arena."
From Q2 results release:
The primary objective of NHC's Commercial Strategy focuses on Switching
and Fiber Optics Products, Specifically, the Company intends to pursue key
strategic alliances with its broad range of Switching Solutions, which will be
concentrated around the new high speed products. Further exploitation of
lucrative applications will also provide significant expansion in Sales this
year.
*****************************************************
- Gross profits are increasing (46% of sales vs 44% last yr)
- Q2 loss of only 71K should soon turn into profits.
- Annual sales should be greater than $20M
- Total O/S shares are only 12.5M
- sales of $1.60 per share
- I estimate a market value of 2 times sales/sh ($3.20/sh) - I must be dreaming.
- High-speed Gallium Arsenide chip (SX88) with Q4 deployment should boost NHC
I bought some more today at 40 cents !
Regards, Lalit Jain |
