FYI
* GENESIS MICROCHIP (NSADAQ:GNSSF)
(computer software/services)
Markham, Ontario, Canada (905) 470-2742
153 Words
2049 Characters
* The Company: Genesis Microchip designs, develops and markets
sophisticated, real-time, cost-effective, high-quality digital image
manipulation IC solutions. The company's IC solutions translate distinct
video, graphics and image sources for viewing on various display systems
while maintaining the integrity of images by minimizing visual artifacts
and improving perceived image quality. The company has created a
substantial intellectual property portfolio and has developed strong
technical expertise in the areas of algorithms, IC architecture, IC
design and system design.
FINANCIALS (000 omitted) (year ends May 31)
Net
Year Revenues Income EPS
1995 $524 ($2,314) ($0.48)
1996 1,524 (3,592) (0.59)
1997 4,527 (4,608) (0.62)
Nine-months ended:
02/96 3,020 (2,868) (0.38)
02/97 10,206 1,761 0.16
(deficit)
First call consensus EPS estimates
1998E: $0.19 1999E: $0.50
Industry Avg. P/E 28.2
Recommendation by NationsBanc on March 23, 1998:
Rated: "BUY" Price target: $18 (12-months)
Recommendation by SoundView on March 23, 1998:
Rated: "BUY" Price target: $20 (12-months)
Mgrs: NationsBanc Montgomery/CIBC Oppenheimer/SoundView/Yorkton
Priced on Feb. 23, 1998: $11.50 Price as of March 25, 1998: $17
Number of shares offered: 2,850,000 (increased from 2,500,000)
Initial Filing Price: $8 TO $10 A SHARE
First Day's Trading: Op: 14 1/2 Cl: 14 3/16 Vol.:
3,780,200 sh
Feb. 24 to March 25: Hi: 17 3/8 Low: 11 1/2 Last: 17
Up 1 5/8 today
EOM |
