Well I'll do it one more time. Here is one more that might bear some watching. It's a bit high also...ran up to 1.80 this week..pulled back to about a buck, then on Friday bounced back a bit. Looks like a very good turnaround play.
Has only a small following on RB...and the volume has really increased the past 2 weeks.
I bought some on Friday as it looks to have found support on the chart...but after doing some DD on it over the weekend I like what I see. Looks like a real solid company.
TNSU Tanisys Technology
tanisys.com
You will see at yahoo that insiders have been buying in the .50-.70 range.
Thursday February 10, 9:50 am Eastern Time
Company Press Release
Tanisys Technology Announces Results For The First Quarter of Fiscal Year 2000
AUSTIN, Texas--(BUSINESS WIRE)--Feb. 10, 2000--Tanisys Technology Inc. (OTC BB:TNSU - news; ``Tanisys'), a leading supplier of automated test equipment for a wide variety of memory technologies, today reported financial results for its fiscal quarter ended Dec. 31, 1999.
This is the first quarter of financial results for Tanisys following the sale of Tanisys' memory module manufacturing business in December 1999.
Charles T. (Chuck) Comiso, President and Chief Executive Officer of Tanisys, stated, ``After reporting fiscal 1999 results in November, 1999 and following the decision by Tanisys' Board of Directors to sell or dispose of our memory module manufacturing business, Tanisys has gone through a major sale and restructuring of the business over the past three months. As reported in a press release of Dec. 14, 1999, the Company will now concentrate all its resources on the DarkHorse Memory Module Test Systems business, which had become a growing portion of the Company's revenue and profit margin. The financial results in this press release relate to the continuing DarkHorse Memory Module Test Systems business and are compared to the same business in the prior fiscal year.'
Total revenue increased 22% to $2,016,660 in the quarter ended Dec. 31, 1999 from $1,650,909 in the quarter ended Dec. 31, 1998. Gross profit increased 54% to $1,258,521, an increase of $438,785 over the first quarter of fiscal 1999's $819,736. Net income increased to $279,863 in the first quarter of fiscal 2000, a $433,396 improvement over the first quarter of fiscal 1999's loss of $153,533. Net income per share increased to $0.01, an improvement of $0.05 per share over the same quarter of fiscal 1999's loss per share of $0.04. Earnings before interest, taxes, depreciation and amortization (``EBITDA') improved $447,540 to $498,769 in the quarter ended Dec. 31, 1999 from $51,229 in the prior-year quarter.
In connection with the sale of certain assets and liabilities related to Tanisys' memory module manufacturing business, Tanisys recognized a loss from discontinued operations in fiscal 1999, which includes $3,319,147 attributable to the loss on the sale. As a result of this sale, Tanisys is restating its prior year financial statements. The fiscal 1999 restated net loss for the year was $7,990,046.
Comiso also added, ``Tanisys has experienced a sizeable improvement in market acceptance of the SIGMA 3 Memory Module Test Systems with continuing technical enhancement to cover testing of PC100 and PC133 Synchronous DRAM memory modules. With Intel's release of support for Rambus© memory in November 1999, Tanisys was able to deliver first customer shipments of the SIGMA 3 Model 800 Rambus RIMM(tm) Module test extension during this past quarter. Tanisys has developed high volume/high quality manufacturing test systems capabilities for semiconductor manufacturers and independent memory module assemblers throughout the world. Our ongoing engineering research and development efforts are focused on new technologies including the industry's requirements for manufacturing test of memory modules utilizing PC 100/133 Synchronous DRAM, Rambus© memory and Synchronous Double Data Rate DRAM. Tanisys has also invested engineering resources in other semiconductor memory technologies that are evolving for future computer needs.'
``The success in fiscal 1999 and continuing into fiscal 2000 for Tanisys DarkHorse Test Systems is extremely encouraging and leads us to believe strongly in our ability to continue to meet the needs of our industry for more cost effective semiconductor memory module test systems,' noted Comiso.
Tanisys Technology Inc. is an industry-leading provider of automated test equipment for a wide variety of memory technologies, including DRAM, SDRAM, SRAM, Flash and Rambus RDRAM©. Tanisys also provides production automation solutions for product testing, handling, labeling and packaging. Tanisys products include the market-leading DarkHorse memory module test systems (SIGMA 3, SIGMA 2, SYNC LC and SIGMA LC). For more information, visit Tanisys Technology's Web site at darkhorsesystems.com.
This press release includes statements that may constitute ``forward-looking' statements, usually containing the words ``believe,' ``estimate,' ``project,' ``expect' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For further information, please contact: Investor Relations, InvestorRelations@tanisys.com.
Thursday January 20, 9:46 am Eastern Time
Company Press Release
Tanisys Appoints New Vice President of Finance and Announces New Banking Relationship With a $2M Line of Credit
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 20, 2000--Tanisys© Technology Inc. (Nasdaq:TNSU - news), a leading supplier of computer memory module test systems under its DarkHorse© Systems brand, today announced that Terry W. Reynolds has been appointed as Vice President of Finance.
In addition, it was also announced that Tanisys has established a new banking relationship with the local Austin office of Silicon Valley Bank, headquartered in Santa Clara, Calif. The new relationship provides the company with a $2M line of credit as well as the advantage of working with a locally based organization.
``Silicon Valley Bank provides many advantages that make it a better fit with our new business model,' said Chuck Comiso, Chief Executive Officer and President of Tanisys. ``We believe that this new relationship, coupled with Mr. Reynolds' appointment as Vice President of Finance, will provide us with a greater ability to achieve our fiscal goals for the year 2000 and beyond.'
``Silicon Valley Bank is pleased to be serving Tanisys through this new relationship,' stated Doug Mangum, Southwest Division Manager of Silicon Valley Bank. ``We look forward to meeting their present needs and providing Tanisys with future services as they continue to grow.'
``I am delighted to be joining the Tanisys team,' noted Terry Reynolds. ``I look forward to playing a major role in developing the financial success of Tanisys at this pivotal point in the Company's history. Our new relationship with Silicon Valley Bank puts Tanisys in a more advantageous position as the Company progresses towards its goal of gaining greater market share in the worldwide automated test equipment arena.'
Reynolds holds a BBA and an MBA from Baylor University and is a CPA licensed in the state of Texas. He has over 20 years of experience working with both large and small enterprises and CPA firms. In the past Reynolds has worked with Chrysler Technologies Corporation, Windsport, the firm of Arthur Andersen LLP and Doyle Wilson Homebuilder.
Tanisys Technology Inc. is an industry-leading provider of automated test equipment for a wide variety of memory technologies, including DRAM, SDRAM, SRAM, Flash and Rambus© RDRAM©. Tanisys also provides production automation solutions for product testing, handling, labeling and packaging. Tanisys products include the market-leading DarkHorse memory testers (SIGMA 3, SIGMA 2, SYNC LC and SIGMA LC). For more information, visit Tanisys Technology's Web sites at tanisys.com and darkhorsesystems.com.
Silicon Valley Bank serves emerging growth and middle-market companies in targeted niches, focusing on the technology and life sciences industries, while also identifying and capitalizing on opportunities to serve companies in other industries whose financial services needs are under-served.
The Bank operates offices throughout Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Sonoma and Santa Barbara. Office locations outside of California include: Phoenix, Ariz.; Boulder, Colo.; Atlanta, Ga.; Chicago, Ill.; Minneapolis, Minn.; Boston, Mass.; Northern Virginia; Portland, Ore.; Philadelphia, Penn.; Austin and Dallas, Texas; and Seattle, Wash.
This press release includes statements that may constitute ``forward-looking' statements, usually containing the words ``believe,' ``estimate,' ``project,' ``expect' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Rambus is a registered trademark of Rambus Inc. RIMM is a trademark of Rambus Inc. |
