AIT is no longer involved in Space, and is discontinuing Simulations.
I know a little bit about AIT, and if you email me I can tell you more.
The company is focussed mainly on what it calls "Risk Management
Products". The company stock is in the doghouse because the company
earnings have gone flat, and unfortunately AIT is currently losing
money.
AIT started losing money a year ago, when the US Government
Budget "battle" between the US President and the US Congress
resulted in all contracts about to be awarded being frozen.
By the time the contracts were unfrozen, the US Government
decided that another look at the type of Risk Management
technology that AIT had to offer was in order, and hence contracts
that AIT had hoped to get "dried-up" very quickly.
AIT sold its Space Group in October 1995. Space was not in line
with AIT's Vision, and even though Space had always made money for
AIT, the company did not want the "distraction" on management that
Space could cause. There are more reasons, but I don't want to
go into them here.
AIT decided to discontinue its Simulation group, ... again to
focus in more on its Risk Management Product line. However,
while Simulation has been called a "discontinued" line of business
for accounting reasons, I'm not certain if Simulations are still
is a "discontinued" part of AIT. ... I believe Chris Roberts
is the AIT Investor Relations Officer, and I'm certain she would
know the latest information available to the public.
AIT does have a lot of good people working at the company,
especially in some of the support and engineering positions.
I think they have some good ideas, ... however their products
are in a rapidly moving technology area, and the competition
in these areas will provide some very dynamic challenges to
AIT.
Good luck in your investment, and if I can be of help in providing
some of my thoughts, please feel free to email me directly. |
