The flood of quarterly results dominated the international world of IT and telecommunications last week; while at home the backlash from the Softline decision to de-list and the happenings at Intervid stole the local headline ICT space during a shortened week.
On the local front
We saw an interim loss from Maxtec (revenue also well down); and a veiled profit warning from Intervid.
Other local news included:
* the announcement from Intervid that its CEO, Rob le Sueur, and two other executive directors had resigned;
* the breakdown of the talks between EC-Hold and the Securities Regulation Panel;
* the resignation of Simon White as executive chairman of Forge Ahead BMI-T, so that he could take up the position of CEO at the Rural Telecoms Development Company;
* the announcement that Computer pro, a BEE networking specialist, is to become an ISP;
* the indication that Comparex has narrowed its choice down to one candidate re its BEE proposal.
Additionally, it seems that another three consortia could submit a proposal for participation in the SNO. Members of the three could include T-Systems, Telenor and Swedish Telecoms.
Finally, WebTec announced a new local strategic business alliance in conjunction with Genesis Systems International.
On the international front
We saw the name change of VoiceRamp Technologies to Carrius Technologies.
Additionally, look out for the possible buy-back of Baan by one of the original owners, Jan Baan, and the possible acquisition of Eurotel by Czech Telecom.
Other international news included:
* The appointments of Douglas Bartek as president of Microtune, Glen Brownlee as chairman and CEO of Tantalus Systems, Bruce Freeman as president and CEO of LayerOne, Joe Guglielmi as CEO of AlphaBlox, Romulus Pereira as chairman of Riverstone Networks and Bjorn Skare as president and CEO of Scali AS;
* the resignation of William Housley, COO and president of Microtune;
* and job loss announcements from Alcatel, Covansys and EDS.
Financial results
The flood of quarterly results dominated the international world of IT and telecommunications last week
Paul Booth, MD, Global Research Partners
We saw excellent* figures from Altiris (back in the black), e-Bay, GlobeTel Comms, Icos Vision Systems NV, InVision Technologies, Level 3 Comms, Overture Services, SINA (back in the black) and Sohu.com (back in the black).
Very good* numbers came from Affiliated Computer Services, Analex, Ask Jeeves (back in the black), Benchmark Electronics, Cabot Microelectronics, Ciber, Cognizant Technology Solutions, CyberGuard, Digital River (back in the black), DSP Group, Factual Data, Hutchinson Technology, Inficon, J2 Global Comms, Mentor Graphics, Mobius Management Systems (back in the black), MSC.Software (back in the black), NetScreen Technologies, Open Text, Qualcomm, Quest Software, Sony, S&T System Integration and Technology Distribution AG, Stratasys (back in the black), Symantec, Tier Technologies, Varian Semiconductor (back in the black) and Virgin Mobile (back in the black).
Good figures* were recorded by 3M, ACS, Allen Telecom (back in the black), Alltel, Aprisma Management Technologies, BMC Software (back in the black), CACI, Cass Information Systems, CCC Information Services Group, China mobile, ChoicePoint, Digital Insight (back in the black), Edgewater Technology, Elite Information Group, Fiserv, FNIS, Getty Images, II-IV, ILOG, InfoNow, Integrated Circuit Systems, Intrado, Kronos, Lexmark, Logitech International, Nextel Comms (back in the black), NIIT Group, NVE, Overland Storage, PC Connection, PDSi (back in the black), Power Integrations, Rimage, Sharp, SPX (back in the black), STMicroelectronics, Technitrol (back in the black), Winland Electronics and ZTE;
Satisfactory* figures were reported by Advanced Fibre Comms, AOL Time Warner (back in the black), AT&T (back in the black), AT&T Wireless, Avnet (back in the black), BellSouth (back in the black), Cadmus Comms, California Amplifier, CanWest Global Comms (back in the black), Castelle, Chunghwa Telecom, Citrix, Colt Telecom, CSI, Datastream Systems (back in the black), Dial (back in the black), Diebold (back in the black), Embarcadero Technologies, Epicor (back in the black), Equifax, Exar, Fargo Electronics, F5 Networks (back in the black), FileNet, Firstwave, Foundry Networks, Hummingbird, Hyperion Solutions, iBasis, IKON Office Solutions, Image Sensing Systems (back in the black), Imation, Inet Technologies, Informatica, Intersil, ITT Industries, John H Harland, Keane, Plantronics, Presstek, ProQuest, Rainbow Technologies, Raindance Comms (back in the black), Sanyo, SBC Comms (back in the black), SBS Technologies, Sprint, StorageTek, SunGard Data Systems, Teledyne Technologies, TetraTech, Toshiba (back in the black), Trend Micro, Verizon Comms (back in the black), Veritas Software and Viacom (back in the black).
Mediocre* returns came from AMS, AMX, Applix, Arris (but back in the black), AsiaInfo, Autonomy, Axis Comms, Barra, BroadVision (back in the black), Business Objects, CDI (but back in the black), Certegy, Checkpoint Systems (but back in the black), Coherent, Convergys, CT Comms, CTS (back in the black), Dassault Systemes, DST Systems, Harte-Hanks, Information Holdings, Insight Enterprises, International Rectifier, KLA-Tencor, Manhattan Associates, Maxtor (but back in the black), Metro One Telecomms, Microchip Technology, Micromuse, Microsemi, MSL (but back in the black), MTS Systems, Nortel Networks (but back in the black), PEC Solutions, PeopleSoft, Peru Telefonica, Satyam, SchlumbergerSema, Sento, Siebel Systems, Siemens AG, Snap-On, Synaptics, Sypris Solutions, Tekelec, Telmex, Thomas & Betts (but back in the black), Verisity, VISX and Western Digital; while very poor results* came from Actel, Carrier Access (but back in the black), Digimarc (but back in the black-just), Eastman Kodak, EMS Technologies, Flextronics, Information Resources, Micrel (But back in the black), Nashua, Nortech, Pixelworks (but back in the black), Spectrum Signal Processing, Twin Disc (but back in the black) and Zoran.
Losses* however came from 724 Solutions, Adept Technology, Advanced Power Technology, Alaska Comms Systems, Amazon.com, Applied Micro Circuits, Apropos Technology, Aptimus, Arrow Electronics, Art Technology Group, Artesyn Technologies, Ascential, ATMI, AU Optronics, August Technology, Avaya, Avici Systems, Avistar Comms, AXT, BEI Technologies, Belden, Bell Microproducts, Blue Martini Software, BSQUARE, Brio Software, C-COR, CheckFree, Chordiant Software, Ciprico, CNET Networks, Cohu, Com21, Commerce One, Computer Access Technology, Concurrent Computer, Consolidated Graphics, Corillian, CoSine Comms, Corio, Corning, Covansys, Cymer, Datakey, Datawatch, Digital Impact, DigitalThink, Docent, Document Sciences, Dot Hill Systems, Enterasys Networks, Entrust, E.piphany, EarthLink, Emulex, Epixtor, EXE Technologies, Extended Systems, First Consulting Group, Fujitsu, GlobalspanVirata, GRIC Comms, GTSI, Hypercom, I-Many, Ibis Technology, ICT Group, Identix, IDT, Infineon Technologies, InfoVista, Infowave, Input/Output, Insightful, Instinet, Interactive Intelligence, Inter-Tel, InterTAN, inTEST, Intevac, Intrusion, ISSI, ITXC, JDA Software, Kana Software, Kemet, Keynote Systems, Kopin, Kulicke & Soffa, Larscom, Lattice Semiconductor, Legato Systems, Lightbridge, LogicVision, LSI Logic, Luminex, MAI Systems, MapInfo, McLeodUSA, Merrimac, Metalink, MetaSolv, Micro Linear, Moldflow, MRV, N2H2, Nanometrics, NCR, NetIQ, Netegrity, Network Engines, New Focus, NexPrise, Novadigm, Nuance, Oak Technology, Occam Networks, Omtool, Openwave, Oplink Comms, P-Com, Paradyne Networks, PDF Solutions, Pericom Semiconductor, Persistence Software, PhotoWorks, Pinnacle Systems, Pivotal, Plexus, Power-One, Predictive Systems, Primus Knowledge Solutions, QuickLogic, Quovadx, Rainmaker, Retek, RF Micro Devices, SafeNet, Sanmina-SCI, Sapient, Satmex, SCM Microsystems, SeeBeyond, Segue Software, Semitool, SGI, Sierra Wireless, Silicon Labs, Silicon Storage Technology, Sipex, Smith Micro, Socket Comms, Software AG, SonicWALL, Sony Ericsson Mobile Comms, SoundView Technologies, Stamps.com, Sunrise Telecom, Superior Consultant Holdings, Synplicity, Tarantella, TeleCommunications Systems, Telular, Third Wave Technologies, Three-Five Systems, Trident Microsystems, TriQuint Semiconductor, Tumbleweed Comms, Unova, Vasco Data Security International, Vastera, VeriSign, Vignette, Vitesse Semiconductor, Vixel, WatchGuard, WJ Comms, Xerox, ZiLOG and Zix.
Other financial news included share buy-back announcements from Cerner and Zilog; and results/profit warnings from Infonet, Manhattan Associates, Nanya Technologies, Sony and Varian Semiconductor and Xerox.
Stock movements
Internationally
Akamai Technologies (+58.6%)
Allegiance Telecom (+45.8%)
Auspex Systems (-65.5%)
Data I/O (+69%)
Elcom International (+50%)
Geoworks (+66.7%)
Madge (+50%)
SBA Comms (+44.2%)
Tarantella (+45.8%)
Wegener (+51%)
Locally
Beget Holdings (+25%)
CCG (+200%)
Cycad (+33.3%)
CS Holdings (+12.7%)
Elexir (+50%)
Faritec (+11.1%)
Infoware (-20%)
MGX (-34.2%)
Pinnacle (-11.1%)
Stella Vista (+400%) locally.
* N.B.
'Guidelines` for the categorisation of results is as follows and is always in comparison with the equivalent period for the previous year; pro forma numbers are ignored (the terminology may vary slightly from country to country).
* Excellent: Both revenue and net income growth is in excess of 50%.
* Very Good: Both revenue and net income growth is in excess of 25%
* Good: Both revenue and net income growth is in excess of 10%.
* Satisfactory: Revenue is within 10% of previous year and net income is up.
* Mediocre: Either revenue and/or net income is down.
* Very poor: Net income is less than 1% of revenue.
* Loss: A loss has been recorded.
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