Nice news release from FDJA:
Wednesday April 8, 9:00 am Eastern Time
Company Press Release
Faroudja Inc. Is At the Forefront of the Digital Revolution in Video
the Most Sweeping Change in the History of Television Is About to Begin...and Faroudja Is in the
Picture
SUNNYVALE, Calif.--(ENTERTAINMENT WIRE)--April 8, 1998--Faroudja Inc. (NASDAQ/NM:FDJA - news) is
recognized around the world for its superior video-processing technology, which dramatically improves video-image quality.
The company is strongly positioned in two markets: digital broadcast and television display. Faroudja delivers its technology
through Faroudja-branded systems and through licensing.
Faroudja is offering a line of Digital Format Translators that provide a range of modular solutions for broadcasters, cable and
satellite services seeking to deliver a variety of digital television (DTV) and high-definition television (HDTV) video formats that
meet the new HDTV/DTV standards, while continuing to use much of their existing equipment.
Within the television-display market, the company addresses three segments -- digital television (HDTV/DTV), PC/TV
convergence and home theaters.
Faroudja holds more than 50 patents on its video-processing technology. Faroudja products improve picture quality by
increasing the number of display lines reproduced on screen; by increasing displayed bandwidth; and by correcting noise, color
and motion errors.
Company Overview:
No. of Outstanding Shares: 12,059,000
Total Assets: $33,489,000
Shareholders' Equity: $29,348,000
Price at March 30, 1998: $ 9
Twelve Months Ended Dec. 31, 1997:
Revenues $17,006,000
Net Income $ 1,251,000
Net Income Per Share 13 cents
Fifty-two Week Price Range: $5 1/2 - $11 5/8
Research Coverage: BA Robertson Stephens; Volpe Brown Whelan & Co.;
C.E. Unterberg; Sands Brothers
Investment Highlights:
-- On March 30, FOX Broadcasting Co. announced its selection of
Faroudja's Video Solutions 30 Hz Format Translator as part of a
system that has been designed by FOX Broadcasting to prepare for
the new Federal Communications Commission digital-broadcast-
television service.
-- Faroudja is a pure play in digital television (HDTV/DTV);
Faroudja's Technology Platform delivers HDTV quality today.
-- Faroudja's marketing focus is:
-- to sell high-margin systems to HDTV/DTV broadcast and
high-end display markets (est'd size: $200 million
annually)
-- to license technology to the HDTV/DTV display and the PC/TV
convergence markets (est'd size: $100 million annually)
-- There are high barriers to entry into Faroudja's markets due to
Faroudja's:
-- world-recognized name
-- broad patent portfolio
-- strategic relationships
-- 26 years of focused experience
Officers:
Michael J. Moone, president & chief executive officer, director
Yves C. Faroudja, chief technology officer, secretary & director
Michael C. Hoberg, vice president, finance, and chief financial
officer
Thomas A. Harvey, vice president, sales and marketing
Donald S. Butler, vice president, engineering
Kenneth S. Boschwitz, vice president, business development & general
counsel
Address: 750 Palomar Ave., Sunnyvale, Calif. 94086; telephone:
408/735-1492.
Contact: Mary McCarthy, Investor Relations, OPUS Group; telephone:
310/440-8600.
Contact:
OPUS Group
Mary McCarthy, 310/440-8600 |
