I like TRUV here,, off the bottom ,, ;-)
Truevision, Inc. (Nasdaq:TRUV)
Shares outstanding-12.9 million
Float-9.4 million
52 week high- $5.19
52 week low-$1.50
Price-2 3/32
TRUV designs, develops, manufactures and markets professional quality
digital video products for Macintosh and Windows based operating
systems.
20.2% institutional ownership.
Followed by 2 analysts- Robertson Stephenson-Long term attractive
(updated 4/1/98) and Dakin Securities (firm that writes up CMP).
Estimate for quarter ending in June-.07
Estimate for year ending in June- .18 PE 11.6
Estimate for year June 1999-.34 Forward PE=6.1
Monday April 27, 11:02 am Eastern Time
Company Press Release
Truevision Ships BRAVADO 2000 for Windows
Next Generation Video Editing Solution for Consumer Market
SANTA CLARA, Calif.--(BUSINESS WIRE)--April 27, 1998--Truevision
(Nasdaq:TRUV - news) today announced it has begun shipping BRAVADO 2000
for Windows. With BRAVADO 2000, PC users can quickly and easily capture,
edit and output professional quality video and hardware-synchronized
audio to produce stunning multimedia content for distribution on
traditional videotape or electronically on the web or corporate
networks. BRAVADO 2000 is now available at a special, limited-time
introductory price of only $699 and is available immediately from
Truevision dealers or directly from Truevision at www.truevision.com or
by calling 800-522-TRUE.
BRAVADO 2000 supports high-data rate video capture and on-card
hardware-synchronized audio capture like Truevision's professional
TARGA-family solutions. It is a state-of-the-art video editing solution
designed to help first-time video users create professional quality
content quickly and easily. BRAVADO includes a PCI-add-in card, the full
version of Adobe Premiere 4.2 (includes a free upgrade to the
soon-to-be-released Premiere 5.0) and a desktop breakout box that
conveniently puts video and audio connections in front of the users' PC
where they are needed.
''The BRAVADO 2000 gives customers a powerful video production solution
unmatched in price, performance and support in the digital video
arena,'' said Lou Doctor, president and CEO of Truevision. ''The BRAVADO
2000 is the most advanced video production solution for the money
anywhere. Compared to its closest competition- Pinnacle's miroVideo DC
30 plus, Truevision's BRAVADO 2000 delivers superior image quality, a
desktop breakout box and the best toll-free technical support in the
business.''
The BRAVADO 2000 captures and outputs full-screen, full-motion video and
supports composite and S-video input/outputs in both NTSC and PAL
standards. With on-card audio processing, BRAVADO 2000 provides accurate
audio/video synchronization, and its bus mastering architecture allows
superior image quality and fast processing of transitions by minimizing
the time it takes to move video data across the PC's PCI-bus. BRAVADO's
open-system architecture ensures compatibility with all Windows-based
animation, compositing, photo-retouching and illustration applications.
Support for Windows NT will be available in the Summer.
BRAVADO 2000 Features:
* Full-screen, full motion 60 field per second video
capture (50 fields, PAL)
* On-card 16-bit stereo audio capture and playback at 44.1
kHz, hardware synchronized to video
* Variable rate, real time Motion-JPEG compression at up
to 6MB/sec
* Full CCIR-601 video resolution in NTSC and PAL
* Adobe Premiere 4.2 full version
* Free upgrade to Adobe Premiere 5.0
* Up to 99 tracks of video layering, up to 99 tracks of
audio
* Accelerated rendering of transitions and playback
* Windows 95 Plug and Play compatibility
* Windows NT 5.0 Plug and Play compatibility in Summer '98
* Conversion to popular video file formats including
QuickTime, Cinepak and Indeo
Truevision is the leader in desktop video for business and broadcast and
offers a full range of videographics products for personal computers,
including Apple Power Macintosh and Microsoft Windows platforms. The
company pioneered the videographics industry in 1984 and remains a
market and technology leader.
For additional information, contact: Truevision, 2500 Walsh Avenue,
Santa Clara, CA 95051, or call 1-800-522-8783. Information bout
Truevision's complete line of TARGA video engines is available by
faxback at 1-800-522-8783 (US) or 317-577-8788 (outside US), or by
pointing your browser at truevision.com.
Truevision and BRAVADO are registered trademarks and BRAVADO 2000 is a
trademark of Truevision. All other trademarks are the properties of
their respective companies.
Contact:
Truevision
Cindy Gibson, 408/566-4143
cindy_gibson@truevision.com
or
Tech Image Ltd.
Michael Young, 847/705-0040 ext. 224
michael@techimage.com
Thursday April 23, 4:08 pm Eastern Time
Company Press Release
Truevision Reports Third Quarter Results
SANTA CLARA, Calif.--(BUSINESS WIRE)--April 23, 1998--Truevision
(NASDAQ:TRUV - news) today announced financial results for its third
fiscal quarter ended March 28, 1998.
Net sales for the quarter were $8.0 million, compared with $10.0 million
in the prior quarter and $11.9 million for the same period last year.
Net income for the third quarter was $245,000 or $0.02 per share versus
a loss of $1.5 million or $0.12 per share for the same period last year.
Lou Doctor, president and chief executive officer, stated, ''Our revenue
this quarter was affected by a shortfall in our OEM business which was
primarily due to a delayed product launch by one of our major customers.
On the positive side, gross margins were the highest in the company's
history and net cash increased sequentially to over $6 million.''
Doctor continued, ''We had a very successful National Association of
Broadcasters show with Truevision products on prominent display in over
30 booths, including Avid, Discreet Logic, Microsoft, Panasonic, Sony
and other leading companies. During the show we introduced several
exciting new products that were well received by both our channel
partners and end users. We are confident that we will be able to produce
revenue and earnings growth in coming quarters.''
On April 6, 1998 the company announced four new members of its
award-winning TARGA video card family. TARGA 2000 DDR, the first
single-slot, uncompressed, serial digital capture and output solution.
TARGA 2000 RTX3D and SDX3D, the first non-linear editing solution with a
fully integrated broadcast 3D DVE. And the TARGA DV2000 RTX, the first
real-time, dual-stream DV card fully supporting the consumer DV, DVCAM
and DVCPRO formats.
This press release contains forward-looking statements that are subject
to risks and uncertainties including, among others, those described in
the company's Quarterly Report on Form 10-Q for the quarter ended
December 27, 1997 and the company's Annual Report on Form 10-K for the
year ended June 28, 1997 filed with the Securities and Exchange
Commission. Actual results may differ materially from those described
herein.
Truevision is the leader in desktop video for business and broadcast and
offers a full range of videographics products for personal computers,
including Apple Power Macintosh and Microsoft Windows platforms. The
company pioneered the videographics industry in 1984 and remains a
market and technology leader.
Truevision
Consolidated Statements of Operations
(Unaudited)
Three Months Ended Nine Months Ended
-------- --------
Mar-28 Mar-29 Mar-28 Mar-29
1998 1997 1998 1997
------ ------ ------ ------
(In thousands,
except per
share data)
Net Sales $ 8,004 $ 11,904 $ 28,135 $ 32,863
Cost of sales 4,383 7,678 15,777 21,800
-------- -------- -------- --------
Gross profit 3,621 4,226 12,358 11,063
-------- -------- -------- --------
Operating expenses:
Research and
development 1,205 1,674 3,829 4,934
Selling,
general
and administrative 2,164 3,889 7,072 11,503
-------- -------- -------- --------
Total operating
expenses 3,369 5,563 10,901 16,437
-------- -------- -------- --------
Income (loss)
from operations 252 (1,337) 1,457 (5,374)
Interest and other
income (expense),
net 1 (125) (109) (629)
-------- -------- -------- --------
Income (loss) before
provision for
income taxes 253 (1,462) 1,348 (6,003)
Provision for
income taxes 8 0 41 0
-------- -------- -------- --------
Income (loss) before
cumulative effect of
change in accounting
principle 245 (1,462) 1,307 (6,003)
Cumulative effect of
change in accounting
principle 0 0 0 (4,858)
-------- -------- -------- --------
Net income (loss) $ 245 ($ 1,462) $ 1,307 ($10,861)
======== ======== ======== ========
Basic Earnings
per Share:
Income (loss)
before cumulative
effect of change
in accounting
principle $ 0.02 ($ 0.12) $ 0.10 ($ 0.47)
Net income (loss) $ 0.02 ($ 0.12) $ 0.10 ($ 0.86)
Diluted Earnings
per Share:
Income (loss)
before cumulative
effect of change
in accounting
principle $ 0.02 ($ 0.12) $ 0.10 ($ 0.47)
Net income (loss) $ 0.02 ($ 0.12) $ 0.10 ($ 0.86)
Weighted average
common shares
and equivalents:
Basic 12,944 12,710 12,845 12,682
Diluted 13,225 12,710 13,328 12,682
Truevision
Consolidated Balance Sheets
(Unaudited)
March 28 June 28
1998 1997
---------------- -------------
(In thousands)
ASSETS
Current assets:
Cash and cash equivalents $6,087 $4,549
Accounts receivable, net 2,876 4,630
Inventory 5,452 7,746
Prepaid expenses
and other assets 1,220 628
---------------- -------------
Total current assets 15,635 17,553
Property and equipment, net 1,936 2,757
Other assets 131 178
---------------- -------------
Total assets $17,702 $20,488
================ =============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Line of credit $ 0 $3,738
Accounts payable 3,410 2,475
Accrued employee compensation 1,497 1,492
Accrued and other liabilities 3,026 4,821
---------------- -------------
Total current liabilities 7,933 12,526
Long-term obligations 53 86
---------------- -------------
Total liabilities 7,986 12,612
---------------- -------------
Total stockholders' equity 9,716 7,876
---------------- -------------
Total liabilities and
stockholders' equity $17,702 $20,488
================ =============
Contact:
Truevision, Santa Clara
R. John Curson, 408/562-4200
or
Lippert/Heilshorn & Assoc.
Lillian Armstrong/Kris Otridge, 415/433-3777
More
Monday April 6, 8:39 am Eastern Time
Company Press Release
Truevision Partners Showcase TARGA at NAB '98
Latest video editing, compositing and finishing applications run on
TARGA
LAS VEGAS--(BUSINESS WIRE)--April 6, 1998--The leading nonlinear
editing, compositing and finishing applications for MacOS and Windows NT
will be on display this week at NAB '98. Truevision's line of
award-winning TARGA(R) 2000 DTX, RTX and SDX are the video engines
powering these hot new desktop applications. The combination of TARGA's
state-of-the-art video capture and playback technology and the
industry's most-advanced hardware and software applications will give
attendees the opportunity to see first-hand Truevision's vision for the
end-to-end digital media production environment.
The partial list of Truevision strategic partners
demonstrating applications and systems powered by TARGA includes:
* Adobe Systems, Sands, M-6732 : TARGA 2000 DTX with Adobe
Premiere 5.0
* Apple Computer, Sands, M-7362: TARGA 2000 RTX with
Macromedia Final Cut
-- ATTO Technology, Sands, S-1715: TARGA 2000 RTX
-- AVID Technology, LVCC no.11644: TARGA 2000 RTX with Avid MCXpress
5.1.1 for Windows NT and MADRAS with Media Composer Connectivity.
-- Compaq, Sands, S-1862: HDTV Technology Demonstration
-- Diaquest, Sands, M-5929: TARGA 2000 SDX and MADRAS with Kinetix 3D
Studio Max and 3D/HV
-- Digital, Sands, LVCC no.12470: TARGA 2000 RTX with Creation Studio
-- Discreet Logic, Sands, S-3006: TARGA 2000 SDX 3D and MADRAS with EDIT
-- IBM, Sands, S-2318: Ready to Edit Workstation
-- ICE: Integrated Computing Engines, Inc. Sands, M-8156: TARGA 2000 PRO
-- in:sync, Sands, S-1809: TARGA 2000 RTX with Speed Razor 4.0 RT
-- Intel, Sands, M-8263: TARGA HDTV Technology Demonstration
-- Integraph Computer Systems, Sands, M-7225: TARGA 2000 RTX and the
TARGA 1000 PRO
-- Kinetix, Sands, S-4716: TARGA 2000 RTX with 3D Studio Max
-- Macromedia, Private Suite: TARGA 2000 RTX with Final Cut
-- McRobert's Software, Sands, M-5928: TARGA 2000 RTX with Comet CG
-- Meda (Internal RAID Systems), Hilton Press Suite: TARGA 2000 RTX
-- Mercury, Sands, M-8232: TARGA 2000 RTX
-- Microsoft, Sands, S-3510: TARGA HDTV Technology Demonstration
-- Panasonic, LVCC no.11601: TARGA DV2000 RTX with NewsBytes NLE System
-- Scitex Digital Video, LVCC no.11625: TARGA 2000 RTX with SphereOUS
-- Sony, LVCC no.6332: TARGA 2000 PRO with DLE-110 Live Sports System
and the TARGA 2000 DTX with Clip Edit Client Server System
-- SuperMac, Sands, M-6274: TARGA 2000 RTX
-- Videonics, Inc., Sands, S-4113: TARGA 2000 RTX
Truevision is the leader in desktop video for business and broadcast and
offers a full range of videographics products for personal computers,
including Apple Power Macintosh and Microsoft Windows platforms. The
company pioneered the videographics industry in 1984 and remains a
market and technology leader.
For additional information, contact: Truevision, 2500 Walsh Avenue,
Santa Clara, CA 95051, or call 1-800-522-8783. Information about
Truevision's complete line of TARGA video engines is available by
faxback at 1-800-522-8783 (US) or 317-577-8788 (outside US), or by
pointing your browser at truevision.com.
Truevision, TARGA 2000 DTX, RTX, SDX and MADRAS are registered
trademarks of Truevision. All other trademarks are the properties of
their respective companies.
Contact:
Truevision
Cindy Gibson, 408/562-4200
cindy_gibson@truevision.com
or
Tech Image Ltd.
Michael Young, 847/705-0040 ext. 224
michael@techimage.com
More Quotes and News: Truevision Inc (Nasdaq:TRUV - news) |
