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Gold/Mining/Energy : Angoss Software Corp. V.ANC -- Ignore unavailable to you. Want to Upgrade?

To: Crazy Canuck who wrote (417)	4/8/1999 10:10:00 PM
From: keith massey	Read Replies (1) \| Respond to of 1006

The second thing that caught my eye was the earnings and potential growth of the company 98 earnings +.01/share share price .08 (on day of release) 97 earnings -.07/share share price .15 (on day of release) 96 earnings -.10/share share price .32 (on day of release) 95 earnings -.19/share share price .45 (on day of release) 94 earnings -.36/share share price .77 (on day of release) Stock opened at $2 on the first day of trading on Jan 19 1994. The stock open high on hype about how important Data mining would be in the future. They were right about the importance of data mining however at that time many business were just starting to use databases and the company only had one product to offer the public. The last quarter earnings were the ones that powered the year. They had earning of .04/share for the last quarter. Which is the first profitable quarter since April 1995 when the company earned 0.0078/share. In this quarter they earned $1,333,000 on revenues of 2,354,000. A big part of these earnings came from a technology transfer with Hummingbird (around $1-1.6 million). According to ANC's annual report released March 26 1999 the terms of the agreement are covered by a mutual confidentiality agreement so no exact numbers or royalties fees are not given. However on page 6 of the annual report they state "These types of transactions involve initial developer licensing fees, and agreed compensation (primarily run-time license fees) for the deployment or interaction of our data mining components with other systems" From this statement I take that along with the lump sum payment ANC will also receive quarterly payments from Hummingbird. However until the next quarters financials we will not know for sure. Best Regards KEITH