hi mark, nwk does look interesting, very near it's 52 week low, with some good news coming out... are you thinking turnaround play? is there a potential takeover here? would like to hear what caught your eye...
here is an austin company that had a writeup this morning on the front page of the business section... potential turnaround takeover play... don't know anything about it yet, but i am going to look into it... iixc
ixc just hired john zrno yesterday as new ceo... in feb they announced hiring morgan stanley to help them find potential buyers, but none were forthcoming... apparently zrno previously led turnaround efforts at alc and cable& wireless... should give ixc more credibility...
kathy :)
Friday May 28, 7:22 am Eastern Time
IXC Communications names John Zrno president, CEO
AUSTIN, Texas, May 28 (Reuters) - Network-based communications company IXC Communications Inc. (Nasdaq:IIXC - news) said Friday it had named John Zrno as president and chief executive.
Benjamin Scott, the current president and CEO, will continue to serve as chairman of the board.
Zrno is a former president and CEO of ALC Communications Corp. (AMEX:ALC - news).
some iixc info from yahoo:
biz.yahoo.com
Business Summary
IIXC provides data and voice telecommunications transmission services. IIXC owns and operates an advanced coast-to-coast digital communications network. For the three months ended 3/31/99, total revenues rose 2% to $161.4 million. Net loss applicable to Common rose 97% to $58.3 million. Revenues reflect the sale of an option on usage rights in fibers owned jointly with another carrier. Higher loss reflects costs of the expanded fiber network.
More from Market Guide: Highlights -Performance - Ratio Comparisons
Statistics at a Glance -- IIXC Last Updated: May 27, 1999
Price and Volume
(updated May 27, 1999)
52-Week Low $16.50
Recent Price $33.938
52-Week High $55.125
Beta 2.04
Daily Volume (3-month avg) 697.8K
Share-Related Items
Market Capitalization $1.24B
Shares Outstanding 36.7M
Float 13.6M
Dividend Information
Annual Dividend none
Per-Share Data
Book Value (mrq) $0.17
Earnings (ttm) -$5.05
Sales (ttm) $18.63
Cash (mrq) $7.14
Valuation Ratios
Price/Book (mrq) 195.52
Price/Earnings N/A
Price/Sales (ttm) 1.82
Income Statements
After-Tax Income (ttm) -$119.1M
Sales (ttm) $672.3M
Profitability
Profit Margin (ttm) -18%
Management Effectiveness
Return on Assets (ttm) -7.59%
Return on Equity N/A
Financial Strength
Current Ratio (mrq) 1.39
Long-Term Debt/Equity (mrq) 1.45
Total Cash (mrq) $261.7M
Short Interest
Shares Short
as of May 10, 1999 3.14M
Short Ratio 3.97
Stock Performance
big chart [1d | 5d | 3mo | 1yr | 2yr | 5yr]
See the Profile FAQ for a description of each item above; K = thousands; M = millions; B = billions; mrq = most-recent quarter (Mar 31, 1999); ttm = trailing twelve months through Mar 31, 1999
Market Guide offers more in-depth Company Research, Stock Screening, and Hottest Stocks and Industries on over 10,000 U.S. Equities.
-------------------------------------------------------------------------------- |
