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Magal Security Systems (MAGS) Message Board

  • onthejobsf onthejobsf Sep 27, 2007 12:26 PM Flag

    MAGS ain't no match for IBM

    Companies like IBM will keep MAGS a micro-cap. JMHO.

    http://news.yahoo.com/s/ap/20070927/ap_on_re_us/chicago_security_system

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    • Actually, I read that article this morning and had a completely different take.

      Big Brother camera systems will be the norm throughout the world in the next 5 years. There is plenty of business for everyone. Many municipalities will look for the cheap solution--the Walmart solution (IBM in this case) and others will look for the best solutions--the premium solution. Companies like Magal and Verint will thrive.

      You sure spend an awful lot of time on a stock you have no position on. I think you post more than any long or short.

      • 1 Reply to bengrahamvalueinvestor
      • Will always keep tabs on MAGS, Ben. Why? Because i've traded it in the past. No poisition right now. But I've said it all along, MAGS is 95% hype and 10% business.

        You and MAGS management have claimed MAGS products are far superior than anything out there for YEARS. Yet, the company hasn't landed a single LARGE meaningful contract....EVER. Why is that Ben? After all, they are "best of breed", right? They opened up a Washington sales office a couple years back and said there was a ton of interest and foot traffic inside by US interests. UHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH, WHAT HAPPENED?? They are the best of the breed, right? How come nothing has happened? Mercedes Benz id BEST OF BREED in cars and they sell a SHYTE LOAD of 'em!! While MAGS claims to be the "Mercedes Benz" of security, they have a loooooong history of revenue on par with the Yugo. Something is very wrong there, Ben!

        Can MAGS surveillance systems do this? These are hardly "WalMart" types of surveillance equipment, Ben. Seems pretty damn sophisticated to me!!

        <<"Chicago is really light years ahead of any metropolitan area in the U.S. now," said Sam Docknevich, who heads video-surveillance consulting for IBM.

        Chicago already has thousands of security cameras in use by businesses and police � including some equipped with devices that recognize the sound of a gunshot, turn the cameras toward the source and place a 911 call. But the new system would let cameras analyze images in real time 24 hours a day.

        "You're talking about creating (something) that knows no fatigue, no boredom and is absolutely focused," said Kevin Smith, spokesman for the city's Office of Emergency Management and Communications.

        For example, the system could be programmed to alert the city's emergency center whenever a camera spots a vehicle matching the description of one being sought by authorities.

        The system could be programmed to recognize license plates. It could alert emergency officials if the same car or truck circles the Sears Tower three times or if nobody picks up a backpack in Grant Park for, say, 30 seconds.>>

 
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