This price surge is caused by the news of BEA Systems Acquires SolarMetric. SolarMetric is a JDO company. Versant has a relatiionship with them at one time. Then Versant acquired another JDO company, and part of their JDO technology becomes Eclipse JSR 220 effort.
In a nutshell, it looks like the industry start to pay attention to JDO/EJB3 technology, which Versant is the leader in that area. Very positive development to VSNT. This one should get to $30 very quickly. It's only $3 pre-split.
Looks promising! I like the fact that the management salaries are quite reasonable and that they have purchased some stock (that was back in 2004 but still).
P/E of 3? That's like way low, is there any reason for that (risks perceived perhaps)?
My favorite pick currently is Transglobe Petroleum (TGA). It's an oil and gas independant operating in Yemen, Canada and Egypt. They have excellent management (CEO is very available and willing to discuss with investors), have had great drilling success and been growing production at a very high rate (doubling each year almost). They are still quite small but are able to finance everything themselves due to high cash flow.
IMHO, it's a great long term hold. It has gotten ahead of itself at the start of 2005, but it will be back to those earlier levels pretty soon. I believe that management is SO-SO in doing PR, they are the kind that stick to their business (getting oil and gas), but eventually it will get noticed.
"the industry start to pay attention to JDO/EJB3 technology, which Versant is the leader in that area. Very positive development to VSNT. "
Let me see if I understand:
JDO: The Sun website says that applications written with the JDO API are portable and independent of the underlying database.
EJB 3: The java community website says that the purpose of Enterprise JavaBeans (EJB) 3.0 is to improve the EJB architecture by reducing its complexity from the developer's point of view. Though VSNT is listed a member of the working group (along with almost every other DB company), the specification lead is listed as Oracle.
Kodo from solarmetric seems focused on abstracting away the details of the back end DB.
So, where is the positive for VSNT? Other than the tangential fact that they have a JDO enabled product and sit on the working group (almost a requirement to be able to react to changes in the spec), there doesnt seem much (if any) tie-in here.
My guess is that this acquisition by itself wont make much difference.
"JDO: The Sun website says that applications written with the JDO API are portable and independent of the underlying database."
This is exactly what Versant want everybody to do: write against JDO/EJB3 (assuming JDO and EJB3 will converge in the near future) without caring the underlying database.
The common API thing has dogged the ODBMS vendor for a long time. For RDBMS vendors, their common API is SQL, which is standard 20/30 years ago.
ODBMS vendor never agreed to a common API. Any body who choose a ODBMS vendor has to write proprietory C++ or Java APIs coming from each vendor. With JDO/EJB3 become industrial standard, any apps written on top of JDO/EJB3 can freely choose a RDBMS or an ODBMS. If average Joe developer start to use JDO instead of coding SQL, then RDBMS will lose out its huge advantage to ODBMS. Long term, ODBMS should beat out any O-R mapping solution in performance, etc. In laymen's word, ODBMS store Objects natively in database, O-R mapping disassemble the Object, and translate them into relational rows and columns. Extra work and extra layer, in theory, ODBMS should be a good alternative to OO people.
well, there is hope someone wants to pay a little bit for our company. maybe 18 mio maybe more. at least nobody wants to sell vsnt at these levels. maybe next week we see a litte upside move...............
I guess the stock went up because nobody has the brilliant insights that you have.
That should be obvious.
What does anything you just said have to do with VSNT's position in the market?
"JDO API are portable and independent of the underlying database" - so, do you think the database isn't going to be required any longer?
"Though VSNT is listed a member of the working group (along with almost every other DB company), the specification lead is listed as Oracle." - Hmmm, it would seem like the EJB spec is pretty important. I mean since EVERY db has representation in the group. But what do I know?
"Kodo from solarmetric seems focused on abstracting away the details of the back end DB" - Gee I guess that means something. DB's are no longer necessary? When you abstract them out, they just are no longer needed, rught?
"My guess is that this acquisition by itself wont make much difference." - you're like the southseyer(sp). What you say is constantly so broad, how can it be wrong. If VSNT goes up, you can say it's for reasons other than the acquisition. If VSNT goes down, you can say "see, I told you".