02/18/00 RVST - RAVISENT Technologies Inc. - INTERNET: VIDEO
To: ciVic who started this subject
From: etc. Wednesday, Feb 16, 2000 12:44 AM ET
Reply # of 203
ACNE is ready to break out any day now. The stock had a very spotty record in the past but the latest 10KSB appears to be blemish free. This one is going to pop!
etc.
Message 12883332
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Latest Quotes and Chart .....
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quote.yahoo.com
Started By: SeasideHeights
Date: Jul 15, 2000 0009:51 AM
High Technology company delivering Internet streaming audio & video solutions to end users & many of the major PC companies.
Full description at: biz.yahoo.com
Talk about the future of this company involved in one of the fastest growing segments of the Internet.
(ps: this is the first topic I've ever created on SI. Let's make this the biggest forum on the site.)
Subject 29460
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First, the negative .....
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To: Scared but Hopeful who wrote (49)
From: Denis K. Guenette Friday, Feb 18, 2000 7:47 PM ET
Reply # of 54
Ravisent Announcement on 2/18/2000
Malvern, Pennsylvania--Feb. 18, 2000-Ravisent Technologies Inc. (Nasdaq:RVST) announced
today that its fourth quarter and year end earnings release, originally scheduled for today, has
been delayed due to delays in finalizing the Company's year end audit.
The delay is in no way related to the Company's ongoing business, but to accounting work
surrounding its first audit as a public company. Specifically, the Company is engaged in
unresolved discussions with its auditors involving revenue recognition on certain of its contracts.
Management expects the audit to be completed within the SEC time limits for year end
reporting. Upon completion of the audit the Company will promptly release its earnings.
Message 12916877
Author: defg0003 Number: of 65
Subject: Today's Trading Debacle Date: 2/18/00 3:31 PM Email this to a Friend
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For those interested, I have been "long" in RVST since late December (groan, great timing!).
Today, RVST was plundered.
Today, I lost what little remaining respect I had for RVST management.
I have concluded that I can no longer entrust my financial resources in their care.
For those interested in learning more about today's bungled maneuvers by RVST Management, or more about revenue recognition in the software industry, see my posts on the yahoo RVST board. Sorry, I don't have the time to cross-post these items.
At the next advantageous opportunity, I will exit RVST. IMHO, Management either doesn't care about its shareholders, or it's too stupid to get out of its own way. Either way, I'm soon to be outta here!
Dale
A Foolish CPA
boards.fool.com
Author: defg0003 Number: of 65
Subject: Re: earnings? Date: 2/20/00 1:30 PM Email this to a Friend
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j55
good question.
RVST-IR remains incommunicado. no specific information is available. requests remain unanswered.
Friday afternoon's press release only states that the company will conclude its audit within the SEC required deadline (90 days from year end).
sorry, that's all we know.
Dale
boards.fool.com
Author: seaweedz Number: of 65
Subject: Why? Date: 2/19/00 9:26 AM Email this to a Friend
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Has anyone figured out why it got hammered so badly? Is it strictly because of the delay in the earnings report? Since buying RVST, I've never seen anything negative mentioned in any news release or any analyst talking about competition burying them. We've had to endure the lock-up release and now this. (The release of locked shares and it's expected effect was well reported. I and many others decided to ride it out.) The market got the jitters Friday, (interest rates, oil prices), but RVST seemed to get a disproportionate share of the rath.
Still long and wondering if it's time to buy cheap.
Andy
boards.fool.com
I spoke w/ Idalia on Wed.(2/16) to confirm Thursday's(2/17) earnings, a date I had seen on Yahoo! profile for rvst, and she said it was on said date. Then they dropped this bomb. Any type of uncertainity sends investors running to the exit and with good cause.
Having your auditor question your revenue recognition so late into reporting could have been handled much better. Sometimes the newly public companies have to learn some hard lessons. Now I can start fishing under 20, will wait a bit for some basing. It depends on what exactly is at stake. If they just have to defer some revenue this past Q to the next upcoming ones this will blow over. A poor job overall managing this situation by rvst.
Ex- Black Friday, the company seems to have alot going for it.
What do you think the ATI license?
tgif,cheers,
dkg
Message 12916877
To: DELT1970 who wrote (53)
From: Herc Monday, Feb 21, 2000 3:57 PM ET
Reply # of 54
Up or down tomorrow? I did about an hour of DD since Friday, and RVST has a darn good story. Streaming audio and video over a variety of hardware seems like an explosive growth area over the next few years.
Also, I own some S3 shares, one of their partners, which has a LOT on the ball. I love my new Rio MP.3 player.
I will take the plunge tomorrow.
Message 12931468
By: gpickles
Reply To: None Friday, 18 Feb 2000 at 7:27 PM EST
Post # of 271
I am amazed. Better to release bad earnings than no earnings, I guess.
ragingbull.com
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Now, the positive ........
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By: MALAKAS11
Reply To: 248 by Xtahce Friday, 18 Feb 2000 at 2:04 PM EST
Post # of 271
I believe there is nothing to fear....
That's all can see.
I wouldn't sweat it. If they had released earnings, then there would have been major problems, but the fact that they are making sure their accounting is correct shows great responsibility on managements part.
I'm holding and could care less what others do.
ragingbull.com
To: .com who wrote (45)
From: TexasDude Sunday, Jan 2, 2000 2:35 PM ET
Reply # of 54
Buckle seat belt...very positive article in Monday's Investor's Business Daily newspaper.
Message 12439860
A Visitor's Perspective...
by: Gunkinfluffle 2/21/00 11:50 am
Msg: 1368 of 1396
No position...out kicking the tires. First heard of RVST on the SIII Board when they inked the deal on the set-top box prophecy.
messages.yahoo.com 176
I'm looking at all the agreements in place and thinking this company has something many of the Graphics Card and Streaming Media Companies want:
messages.yahoo.com 297
From the outside...it is easy to dismiss speculation and draw from past experiences...sometimes, good things happen when a company goes quiet...sometimes not.
If experience is any guide in this particular situation, I would expect to see substantial
redistribution of this issue tomorrow morning and a higher close.
Interesting company...great client list.
messages.yahoo.com
About RAVISENT Technologies, Inc.
RAVISENT is driving the digital entertainment revolution with an integrated suite of digital video
and audio products for PC and CE manufacturers. RAVISENT enables the convergence of
personal computer and consumer electronics devices through software and hardware products
designed around a unique, modular software architecture that provides a consistent look and feel
across technology platforms.
Combining outstanding on-screen quality with high overall system performance and integration,
RAVISENT provides flexible and cost-effective solutions to a spectrum of partners in the
PC-OEM, CE-OEM and semiconductor markets, including Compaq, Dell Computer, Gateway,
Fujitsu, Hewlett-Packard, Packard Bell/NEC, Yamaha, Sanyo, Intel and ST Microelectronics.
Founded in 1994, RAVISENT completed an initial public offering in July 1999. The company is
headquartered in Pennsylvania and has offices in the Silicon Valley, Seattle, Germany and
Japan.
RAVISENT Safe Harbor
This press release may contain certain forward-looking statements that relate to RAVISENT's
future business and financial performance. Such statements are subject to a number of risks
and uncertainties that may cause the actual events of future results to differ from those
discussed herein. Such factors include, among others: RAVISENT's recent change in its
business model, its limited operating history, fluctuating quarterly operating results, expectation
of future losses, anticipated price declines in products, dependence on its CineMaster products,
dependence on a small number of customers, lack of long-term commitments with customers,
dependence on manufacturers and strategic relationships, product delays, the difficulty of
protecting proprietary rights, the ability to manage growth and attract and retain additional
personnel, the potential for defects in its products, risks from international operations, its ability
to raise capital in the future, its dependence on the personal computer and consumer
electronics industries, competition, its ability to manage technological change and respond to
evolving industry standards, government regulation and Year 2000 software issues.
Contact:
Idalia Rodriguez, 610/407-7280
irodriguez@ravisent.com
ravisent.com
Lori Crenny
Manager, Public Relations
610-408-7494
lcrenny@ravisent.com
messages.yahoo.com.
To: webstocker who wrote (14)
From: stockman_scott Monday, Jul 19, 1999 4:14 AM ET
Reply # of 54
Comments on the RVST Strategy from a Recent SEC Filing....
<<Our strategy is to be the leading global provider of digital video and audio solutions to personal computer and consumer electronics manufacturers. We believe that the most effective way to achieve our strategy is to license our technology to manufacturers that will in turn use our solutions to penetrate very large personal computer and consumer electronics markets. The key elements of our strategy include growing our licensing business model among top tier personal computer and consumer electronics manufacturers, extending our technological leadership, leveraging our technology and expertise into new markets and focusing on our strategic relationships.>>
Message 10559763
biz.yahoo.com
Tuesday February 1, 4:14 pm Eastern Time
Company Press Release
RAVISENT First To Ship HDTV-Ready DVD Player
Millions of PCs Prepared to Decode Full High-Definition Television Video in 2000
MALVERN, Pa.--(BUSINESS WIRE)--Feb. 1, 2000--RAVISENT Technologies Inc. (NASDAQ:RVST - news), a leading supplier of software solutions to the personal computer and consumer electronics markets, in an industry first, today announced that all of its shipping DVD/MPEG-2 decoder/player products are 'HDTV-ready.' All copies of the company's CineMaster® decoder product line, the leading software-based DVD decoder/players for personal computers shipping since mid-1999, now incorporate advanced proprietary algorithms enabling the decoding of all eighteen (18) digital television formats specified by the Advanced Television Standards Committee (ATSC), including all the high definition television (HDTV) formats.
In the near future, consumers will be able to easily upgrade appropriate personal computer configurations that already include the CineMaster 99 DVD player to a full 'HDTV PC' with only the addition of an ATSC-compliant receiver card and associated drivers for channel tuning and control. No additional HDTV decoder solution will be required. Several independent hardware vendors (IHVs), including Conexant Systems Inc. (NASDAQ:CNXT - news), have announced the availability of ATSC-compliant television receiver cards and/or receiver card reference designs using RAVISENT's software for use in personal computers. These upgrades will be available through OEM computer manufacturers and Direct-to-Consumer (DTC) sales channels later this year.
'The integration of HDTV decoding capability into the CineMaster digital video platform means that PC-OEM's shipping the RAVISENT DVD solution are now prepared to offer consumers a compatible, easy and highly affordable way to bring true high definition television into their homes on their Microsoft Windows-based PCs,' stated Alan McCann, senior vice president and general manager for the PC division of RAVISENT. 'The addition of HDTV decoding technology into literally millions of CineMaster software DVD players will enable a tremendous aftermarket software, hardware, and services opportunities for our OEM customers. We are quite excited with this next step in our strategy to deliver on the promise of the PC platform as an enabler of compelling digital video-based content, products, and services.'
Using an already-shipping version of the CineMaster 99 DVD decoder/player and beta versions of its software add-ons for TV tuning/control and ATVEF data viewing, RAVISENT will publicly demonstrate true HDTV plus enhanced viewing of interactive program data at the Intel Developers Forum (IDF), February 14-17, 2000 in Palm Springs, CA. The RAVISENT HDTV demonstration will use a standard commercially available Pentium® III-based PC running Microsoft Windows and an ATSC receiver card based on the previously announced DStreamATSC(TM) single card reference platform design from Conexant Systems, Inc. Please note that with this solution, format support may vary based on CPU speed and VGA hardware acceleration available on the system.
About RAVISENT Technologies, Inc.
RAVISENT is driving the digital entertainment revolution with an integrated suite of digital video and audio products for PC and CE manufacturers. RAVISENT enables the convergence of personal computer and consumer electronics devices through software and hardware products designed around a unique, modular software architecture that provides a consistent look and feel across technology platforms. Combining outstanding on-screen quality with high overall system performance and integration, RAVISENT provides flexible and cost-effective solutions to a spectrum of partners in the PC-OEM, CE-OEM and semiconductor markets, including Compaq, Dell Computer, Gateway, Fujitsu, Hewlett-Packard, Packard Bell/NEC, Yamaha, Sanyo, Conexant, Intel, ATI Technologies, and ST Microelectronics. Founded in 1994, RAVISENT completed an initial public offering in July 1999. The company is headquartered in Pennsylvania and has offices in the Silicon Valley, Seattle, Germany and Japan. More information about RAVISENT can be found on the World Wide Web at www.ravisent.com.
About ATSC
The eighteen Advanced Television Standards Committee (ATSC) formats were adopted in 1996 by the U.S. Federal Communications Commission (FCC) as the standards for digital television in the USA. These include nine 'interlaced' formats based on the type of display technology found in most traditional television sets, and nine 'progressive' formats based on the type of display technology typically used for personal computer monitors. More than 100 television stations throughout the United States already broadcast digital television signals. All FCC- licensed stations are required to completely convert to digital television broadcasting by 2006.
About ATVEF
The Advanced Television Enhancement Forum (ATVEF) is a cross-industry alliance of companies representing the broadcast and cable networks, television transports, consumer electronics, and PC industries. This alliance of companies, led by Intel Corporation and Microsoft Corporation, has defined protocols for Hypertext Markup Language (HTML)-based enhanced television, which allow content creators such as major television broadcast networks to deliver enhanced programming over all forms of transport (analog, digital, cable, and satellite) to any intelligent receiver. The ATVEF standard for video-plus-data (V+D) services and interactive television is being rapidly adopted by major broadcasters in the United States, as well as by broadcasters in other countries. Specifically, U.S. broadcast networks are adopting the ATVEF standard to complement the move to digital television in the USA, including high definition television (HDTV) based on the Advanced Television Standards Committee (ATSC) specification adopted by the United States Federal Communications Commission (FCC) in 1996.
All companies and product names mentioned herein are for identification purposes only and may be trademarks and/or registered trademarks of their respective companies.
This press release may contain certain forward-looking statements that relate to RAVISENT's future business and financial performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events of future results to differ from those discussed herein.
Such factors include, among others: RAVISENT's recent change in its business model, its limited operating history, fluctuating quarterly operating results, expectation of future losses, anticipated price declines in products, dependence on its CineMaster products, dependence on a small number of customers, lack of long-term commitments with customers, dependence on manufacturers and strategic relationships, product delays, the difficulty of protecting proprietary rights, the ability to manage growth and attract and retain additional personnel, the potential for defects in its products, risks from international operations, its ability to raise capital in the future, its dependence on the personal computer and consumer electronics industries, competition, its ability to manage technological change and respond to evolving industry standards, government regulation and Year 2000 software issues.
Copyright (c) 2000 RAVISENT Technologies. All rights reserved.
Contact:
Editorial Contact:
Lori Crenny
RAVISENT Technologies Inc.
610-408-7494
lcrenny@ravisent.com
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Texas Dude, prior to that IBD article, I'd never heard of this company. Received an investor's packet and was intrigued. Looks like they are leveraging the revamped PC centric business model to other markets. The post IPO lock up has the potential to be a drag short term. I've been fishing around under 30, TA-wise looks like a bottom is forming. Sometimes TA doesn't work.
Message 12749057 |
