MITK at $.96. Positive earnings last 2 quarters. $400 mil market.
MITK is a Nasdaq stock, fully reporting, Mitek Systems Inc.
High technology for character recognition.
Some of their past clients include:
General Electric (GE),Chevron (CHV), GTE (GTE), Citicorp (CCI), Department of Education,
Avon Products, Nynex (BEL), SBC (SBC), Chase Manhattan (CMB),
Inland Revenue, Marks and Spencer (MKS-LS), and National
Westminster (NWB-LS) to mention a few.
There is a CBS Marketwatch article which covers MITK:
cbs.marketwatch.com
MITK has a conference call which you can listen to via RealPlayer
(or Real Audio) at vcall.com
Earnings increased 100% from third to fourth quarter 1998.
They are looking to at least double revenues next year.
Low competition. Large market.
Outstanding 10 mil shares, float 6 mil.
Recently announced stock buyback and they have no debt and substantial cash.
Is on a slow upward momentum rise.
-DavidCG |
