Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Razor's Edge Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hofmann who wrote (299)	6/27/1999 11:08:00 AM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 393

Tom...like any number of the new and improved technologies that we are supposed to be enjoying and using w/increasing regularity now videoconferencing/video streaming is talking longer than initially anticipated to catch on. There is a good article on this sector in this weeks BW (this is the only financial stuff I read...keeps broad sweeps in view while not burying you in minutia)that indicates this sector is finally coming into its own. As bandwidth problems are solved my opinion only is that video and all plays off video are going to be extremely popular with investors...if you pick the right horse. Given the inroads RSIS has already made and their 9mo results thus far I think they have a good shot at success. I agree the chart could use a little help...but waiting is part of the game. Double top almost a year ago caused significant damage and trend down from spikes since Jan seems almost unrelenting...and it will remain that way till it goes up. My bet is that it goes up. If we go down much further from here I will re-asess and consider buying again. One of the things I like about micros is that they are not necessarily responsive to chart formations... RSI Systems Reports Profit and Record Sales for Third Quarter MINNEAPOLIS, April 21 /PRNewswire/ -- RSI Systems, Inc. (Nasdaq: RSIS - news), today reported that its fiscal third-quarter sales increased 229 percent to $2,790,000 from $849,000 a year earlier. The company reported net profit of $47,000 or 1 cent per share for the quarter ended March 31, 1999, in contrast to a net loss of $697,000 or 11 cents per share in the third quarter of fiscal 1998. ''We are extremely pleased to have sustained our profitability while continuing to make substantial investments in our technology and in marketing initiatives aimed at building name-recognition in the growing videoconferencing marketplace,'' said Donald C. Lies, president and chief executive officer. ''Our third-quarter sales volume set a new single-quarter record by a wide margin, more than offsetting budgeted increases in R&D and advertising expenses.'' Gross profit dollars increased by 287 percent in the quarter, outpacing sales growth. For the nine months ended March 31, 1999, the company had net sales of $7,745,000, a 160-percent increase from $2,976,000 in the same period a year earlier. The company reported a net profit of $54,000 or 1 cent per share for the nine months, compared with a net loss of $1,516,000 or 28 cents per share in the first nine months of fiscal 1998. ''Throughout fiscal 1999 it has been management's strategy to invest in three forward-looking areas to sustain the company's growth and create greater vertical market penetration,'' Lies said. ''These areas are research and development, technical/customer support, and sales and marketing. ''Through our R&D investment we are continuing the refinement and delineation of the videoconferencing marketplace,'' Lies said. ''RSI intends to continue its expansion from the conference room to the private office and into the home of the professional business person with a family of multimedia-based communication stations offering television-quality technology. ''To expand and reinforce our worldwide distribution network, we are working with organizations that want to build private-label products around RSI's videoconferencing engine. We have also increased our RSI-labeled brand network of international distributors to assure more vertical market penetration within Asia, Europe and Australia. ''Not only did all of our OEM partners order products from RSI in the third quarter, but products were shipped into 20 separate countries, illustrating our growing market penetration around the globe.'' RSI Systems, Inc., manufactures and markets two families of high-performance, business-quality videoconferencing equipment -- the Video Flyer(TM) PLUS videoconferencing system and the new MEDIAPRO-384 multimedia workstation. The Video Flyer PLUS is a fully self-contained high-performance system designed for conference room, classroom and office use. It offers life-like video and audio signal quality combined with simplicity of operation and exceptional reliability. It takes up less space than a small notebook computer and can connect directly to any size or brand TV, LCD or DLP projector, flatscreen, display system or properly configured laptop or personal computer. The company's new MEDIAPRO-384 workstation is targeted at the professional desktop and home office markets, providing a videoconferencing system for attachment to laptops or personal computers. It can communicate in real time with any other standards-based videoconferencing system, delivering simultaneous video and data collaboration on the same display and offering full 384 television quality. The systems are available worldwide through authorized factory trained resellers and other RSI business partners. RSI is certified and sells products in North and South America, Europe, Asia, Australia, the Middle East and South Africa. Note: Forward-looking statements contained in this press release are made under the Private Securities Reform Act of 1995. Actual results may differ. Certain factors that may cause such results to differ are identified in the company's Form 10-KSB for the period ended June 30, 1998, and incorporated by reference.