ZICA a NASDAQ stock
I am interested in this stock because:
The Internet is growing at an astonishing rate, however most Chinese residents presently cannot use the Internet. Not because they don't have access, obviously ISP's are available, but because Chinese cannot be entered on a keyboard. A user must know English in order to use the Internet. Zi Corp's software allows Chinese speaking people enter text in their own language. This technology will be available on Ericsson telephones, bundled with computers sold in China and preinstalled on NCI set top internet boxes.
The float is about 14 million and the outstanding is 28 million. The IR person (Carol) is very accessable and will answer any questions.
Zi Corp makes Chinese language enabling technology products.
Zi Corp can bring Chinese, Japanese, and Korean language processing to the mass market.
Zi Corp has agreements with Apple, Compaq, Fujitsu and Netscape/AOL along with many ISPs.
ZI Corp has a licensing agreement with Ericsson Mobile Communications that will provide between 7 and 12 million in revenue. And is expected to start providing royalties in June.
Their products allow writing, Email, and input and processing for the Internet in the Chinese language.
Zi Corp's technology allows processing script the way the language is written.
For example: A user in Beijing sends a message written in Simplified characters to a person in Hong Kong where Traditional characters are the norm. It is automatically converted. ZI language processing converts words and idioms to reflect the regional usage. Even the word "taxi" is different between Beijing, Hong Kong, and Taipei. Zi Corp converts the language.
ZI Mail allows the use of Chinese in Email and the address book.
ZI Internet Suite combines the language processing power of Zi8 input and Zi Mail with Netscape Navigator. It accommodates the special encoding required to send and receive Chinese language messages and documents over the Internet.
Zi Internet Suite can make the Internet experience more meaningful by allowing users to work in their own language. It provides a one-stop solution for Chinese Internet users and satisfies the needs of an expanding Asia Pacific market.
George Wang, director of IBM's Beijing Lab, stated, "(the input problem) has been a major inhibitor on the Chinese computer industry. Solve the input-output problem and the computer industry takes off."
Zi8 input is simple to learn and can be used by both novices and experts. It works on a wide range of computers and appliances. Including PC's, palm computers, network computers, set top boxes for the Internet TV, two-way pagers and cell phones.
-Zi Corp has provided "good will" to the Chinese community, it supplied computers to educational facilities with Zi Corp software installed-free of charge.
-Zi mail is bundled with Apple Computers.
-PC World Hong Kong selected Zi Mail as the best Chinese E-mail software on the market, ahead of products from Microsoft, Netscape and Alis Technologies.
-Zi Input was endorsed by Guangdong Province, one of the wealthiest in China.
-The State Language Commission of China evaluated and endorsed the Simplified Chinese linguistic elements of the Zi8 product for use in China.
zicorp.com for news, financials (found in news), company info
This is provided by Nitetrade. I am long this stock, and suggest you do your own DD. This is my interpretation of the information provided to me and may not be accurate-although I believe it is correct. This stock will not rocket up anytime soon, take your time and investigate for your self. I was not paid to write this.
Zi CORPORATION
PRESS RELEASE
For immediate release (Calgary, Alberta)
November 27, 1998
Zi Corporation (TSE: ZIC; NASDAQ:ZICAF) Announces Results For The Nine Months
And Quarter Ended September 30, 1998.
Financial Review:
Revenue for the nine month period of $1.6 million represented a 46% increase over the same
period last year. More significantly, operating costs were 76% lower and general and
administrative expenses were 63% lower than last year. Revenue in the third quarter
amounted to $364,000. General and administrative expenses included the recovery of
previously recorded legal costs amounting to $486,000. The recovery was the result of a
judgement against the company being overturned by the appeal court. During the quarter the
company charged $262,000 to deferred development costs.
Operations Review:
The company has been working closely with Original Equipment Manufacturers (OEMs) on
existing technology and the evaluation of new business opportunities. In addition, we have
met all contractual commitments to date under our licensing agreement with Ericsson Mobile
Communications AB. The development teams in Calgary and Beijing remain focused on the
strategy of implementing our technology on a diversity of consumer devices from mobile
phones to computers. In this context, we have developed a number of software prototypes to
support our sales efforts in the consumer electronics market.
Outlook:
The company's office in Beijing is expanding as a result of new and exciting initiatives in
Greater China in the areas of education, internet applications and telecommunications. We
have completed simulators of products specific to internet access and operation using Zi
Technology. We remain confident that licensing agreements can be secured with major
OEMs as well as local manufacturers within China. In consultation with North American,
Asian and European mobile phone companies and manufacturers, we plan to continue
development of application software opportunities that could leverage our investment in
software products and expand our core technology.
Certain statements in this press release constitute "forward-looking statements" within the
meaning of the Private Securities Litigation reform Act of 1995 including, without limitation,
the statements set forth under the "Outlook" section above and the ability of Zi Corporation to
successfully meet its goals as outlined above. Zi Corporation's line of business involves
risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Zi Corporation to be materially different from any future results, performance
or achievements expressed of implied by such forward-looking statements. Such factors
include uncertainties in the ability of Zi Corporation to successfully collaborate with Ericsson;
the ability of Zi Corporation to successfully secure further licensing agreements for the use of
Zi technology; the ability of Zi Corporation to successfully design, develop, and deliver any
application that conforms to an OEM's specifications and requirements; the economic
conditions in Asia; the risks of doing business in foreign countries including China; negative
cash flow from operations and the uncertain availability of needed financing; and the risks and
uncertainties referred to in Zi Corporation's Report of Form 20-F for the year ended December
31, 1997 filed with the U.S. Securities and Exchange Commission. There can be no
assurance that Zi Corporation will achieve commercial success through the strategies and
relationships described herein.
NEITHER THE ALBERTA STOCK EXCHANGE NOR NASDAQ HAVE APPROVED OR
DISAPPROVED OF THE INFORMATION CONTAINED HEREIN.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Zi Corporation
Michael E. Lobsinger, Chief Executive Officer
Rodney D. Mitton, Chief Financial Officer
(403) 233-8875
web site: zicorp.com
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