To: Trader J who wrote (3145 ) 1/4/1999 7:39:00 PM From: snerd Read Replies (2) | Respond to of 56535
Forget the Snerd Man and he'll just go ahead and do one anyway! : ) Sorry for the length. ACLY: Accelr8 Technology Corporation (Nasdaq: ACLY), the leading provider of Year 2000 conversion tools and legacy systems modernization solutions for the Digital Equipment Corp. (DEC-Compaq) market. Last Trade: 6 3/16 +1 1/16 Volume: 2,608,900 Average Volume: 202,000 52 Week Range: 2.12 - 28.25 PE: 24.8 Market Cap: (Mil): $ 48.40 Current Outstanding Shares (000's): 7,823 Number of Institutional Shareholders: 24 Shares Held By Institutions (000's): 2,204 Percent Shares Held By Institutions: 28% Net Income (Mil): $2.88 Net Sales (Mil): $7.38 Price/Earnings (Jul): 13.0 Fiscal Year End: Jul Return on Assets: 124.68 Current Ratio: 20.91 Quick Ratio: 19.27 Return on Equity: N/A Book Value: 1.58 Total Debt/Equity: N/A EPS (Jul): 0.25 Total Assets/Equity: 1.20 Annual Dividend: N/A Net Sales/Employee: $250,000 Estimated Quarterly EPS Fiscal Quarter EPS Current (01/1999) $0.06 Next (04/1999) $0.20 Estimated Yearly EPS Fiscal Year EPS Current (1999) $0.31 Upcoming Earnings Release Dates Quarter Ending Release Date 01/1999 03/10/1999 04/1999 06/13/1999 Latest Reported Quarterly EPS Quarter Ending EPS 10/1998 $0.01 07/1998 $-0.04 04/1998 $0.14 01/1998 $0.14 Latest Reported Annual EPS Fiscal Year Ending EPS 07/1998 $0.35 Looks like they just came off a rough quarter. PR from CEO: "The company's chairman, Thomas Geimer, acknowledged the difficult market environment for year 2000 tools, but said, "As 1999 progresses, CEOs and investors will become more concerned about the potential for business interruptions caused by year 2000 non-compliance." Geimer noted that while quarter-to-quarter revenues are difficult to forecast, the company anticipated a "panic" buy of tools by corporations, government and services providers as shortages of qualified, affordable programmers push organizations towards higher productivity from existing resources. "The need to assess, fix and test large quantities of mission critical applications code will force the need for user friendly, efficient Y2K tools," Geimer said. While the company experienced decreases in product license revenue and consulting fees compared to a year ago, the quarterly results of $.01 per share as of October 31, 1998 were significantly better than a loss of $.04 per share for the quarter ending July 31, 1998. During the most recent quarter, Accelr8 showed a 33% increase in its "migration" tools revenue over first quarter 1997 results. Two major sales accounted for a third of the quarter's revenue; a UNIX version of MIGR8 to Northrup Grumman for JSTARS, and the first release of MIGR8 on NT to debis Systemhaus (the software development division of Daimler-Benz Germany). Another significant milestone this quarter was the commencement of royalty revenue from the Digital Y2K factories. This income represents the increased demand that Digital predicted as its customer base starts to address year 2000 compliance in their mid-tier systems. Accelr8 is currently beta-testing its newest release of Navig8 2000 toolset -- Navig8 2000 for the Enterprise -- which is based on client/server architecture featuring a JAVA GUI (graphical user interface) that will be downloadable from the Accelr8 website and be capable of analyzing any source code on any platform for year 2000 compliance. The new release will be sold under the company's "seat based" price model with the entry level price of $9,999. The company believes that its new version of Navig8 will not only appeal to those organizations who are just beginning their Y2K projects, but more importantly, can be used by those organizations who have finished their Y2K assessments and remediations and need a quick and effective tool for independent verification and validation (IV&V) before commencing the test phase. Accelr8 recently provided one of the world's largest defense contractors with specifications for verifying 7,000,000 lines of mission critical code and was named to a select team of subcontractors to support this effort." I hold no position in this stock, but am watching it. Snerd (S) ACLY