WOW!! Just started looking into this company. Although earnings have not been strong in the past,looks like smooth sailing from here! After you read the stuff that follows, consider a couple things:
First, most of the loss from last year seams to stem from write downs on their assets, a large chunk seems to include a write down of "good will" Hey, If they can swing it, God Bless them!!.
Second, Zacks has them posted as growth rate of 50% over 5 yrs, in an industry which is expected to have over 240% growth rate this year!! That doesn't sound like much, untill you read the following newer developments which put them in bed with Williams Communications, and Lucent.
Third, the charts show very heavy buying at the later part of the day, on a Friday, no less!! More than one or two "somebodies" like this stock!! Good strong up trend indicated for for next week. Another nice rebound to 10 could be handled very nicely.
-- Intelect Network Technologies (INT) is now completing its distribution
arrangements with the Williams Communication Solutions division of the
Williams Companies. A joint marketing roll out program is now being
developed for US and Canadian markets. Priority focus will be on
Williams" large enterprise customer base.
-- The Optical Networks Division of Lucent Technologies has technically
endorsed Sonetlynx and agreed to jointly pursue with INT large scale
network projects in the utilities industry.
-- SonetLynx has successfully completed a six-month trial and review in
Motorola"s engineering test lab and INT has been advised of
certification as a network backbone product for internal applications
at Motorola as well as their customers" networks.
-- INT has also added two major national integrators and resellers as
channel partners for Sonetlynx and LANscape. One is Clover
Technologies, recently acquired by Ameritech, specializing in data
networking applications with a large corporate customer base in the
Midwest, including the automobile industry. The other is Scientech,
specializing in both high-end security applications and telco networks
with customer relationships with Sprint and Cable & Wireless. INT is
jointly pursuing large contracts with both of these channel partners
that are currently at advanced stages with the end customers.
-- INT recently opened representation in Mexico through TAAS with high
level receptions for FibreTrax and LANscape among Telmex, Pemex,
Telenor, El Norte, Cemex and others that have generated three
substantial bid requests during the first thirty days of the
relationship.
-- During the third quarter of 1998, new network management features were
added to the SonetLynx product line. The new system is capable of
serving large networks, both SONET-only and mixed mode. A DS3
transport interface was introduced to provide the higher capacity
typical of Internet Service Providers and enterprise access
connections. To better serve Internet Frame Relay connections for
service providers, an efficient T1/E1 redundancy was developed so that
one interface can serve as backup to seven others. The ongoing
development plan over the next four quarters for multiservice access
capabilities includes bandwidth expansion to OC-48 and interface
expansions to include ATM, Frame Relay, FDDI, ISDN, PRI and BRI, Fiber
Channel - all integrated into a single platform with one network
management system providing the customer with a smooth transition from
legacy protocols to the emerging higher bandwidth interfaces.
-- Intelect Visual Communications ("IVC") has signed Dell and Gateway to
supply factory installed LANscape products on their high-end PC
platforms.
-- IVC has projects underway with Qwest and MCI to offer network customers
"flat-fee" and "pay-as-you-go" services over high speed frame relay
and T1 access services.
-- The LANscape application set has been expanded to include video
streaming for Internet applications and video-on-demand for video
content providers of movies and educational videos.
-- LANscape has incorporated ITU H.323 video compliance to provide full
interoperability with other video sources in LAN environments.
-- The rapid rate of adoption of Texas Instruments C6000 line of DSP
processors is generating expanding product opportunities and sales for
the DSP Design Center at Intelect"s DNA Enterprises. A record level
of orders for DNA"s DSP board products was achieved in the third
quarter, with substantially improving margins and deliveries scheduled
during the fourth quarter. A temporary shortage of components, now
alleviated, delayed some DNA DSP product shipments from the third to
the fourth quarter. DNA"s strategic relationship with TI continues to
expand with the signing of a new development contract for utilizing
TI"s new extended function C6701 floating point DSP processor. In
addition, DNA"s ASP6x Operating System for the TI C6000 has been
delivered to over 200 customers worldwide who are evaluating
applications of the C600 coupled the ASP6x. DNA"s ASP6x licensing
potential combined with board design licensing programs though SCI
Systems is expected to begin generating a royalty income stream for
Intelect early in 1999. |
