I tried to call in but they were having technical problems
Nothing better than recurrent revenues and growing profitability. Their costs are way down as they stated last quarter in preparation for the shift from on-premise to cloud.
ATEA now becomes a tasty acquisition candidate from bigger players like Oracle who have the resources to grow revenues rapidly but don't have the technology and know-how that ATEA has amassed the last 2 decades
Today's SeekingAlpha article tells all..
As of today Bascom Research (now a subsidiary of DSS) had filed patent infringement lawsuits against at least six defendants. Three of the defendants that have already agreed to settle, but the two largest cases against Facebook and LinkdeIn are still pending. The U.S. District Court for the Northern District of California has set the Markman hearing date for February 26, 2014 for Bascom Research, Inc. v. Facebook, Inc., and LinkedIn, Corp. The company must feel confident about their case since three of the defendants have already agreed to settle.
From the information that has been made public so far, we know that BroadVision (BVSN) and Jive Software (JIVE) agreed to pay an effective royalty rate of 4% and 5%, respectively, for their use of the Bascom Patents at issue in the litigation. The company has not disclosed much information about its recent settlement with Novell (NOVL), but I would expect to be in a similar royalty range.
In its 3Q earnings CC, DSS CEO Jeff Ronaldi stated: "The royalty revenues will probably start in later fourth quarter and first quarter (of 2014) ..." I expect to see a larger and larger contribution from the Technology division (umbrella that includes the Lexington Technology Group patent-infringement activities).
Using the available information to date, I will walk you to some simple calculations to try to estimate the potential windfall resulting from potential Facebook and LinkedIn settlements.
In 2012 Facebook reported revenues of approximately $5.1 billion. But the most recent quarter resulted in revenues of $2 billion reflecting significant growth that it's expected to continue. But just to be conservative I will use 2012 revenues. This means that 4% and 5% royalty rates would amount to about $204 million and $254 million respectively. From available information to date, DSS gets to keep at least 60% of the total settlement, with the balance going to the inventor and the law firm
Usually patents have the power to generate up to 100 times its assessed value. So we are talking several billions of intrinsic value here
Added more at $1.05 in pre-market
I could give ratz #$%$ about the legacy DSS company (which by the way show promise and they made significant improvements), but royalty revenues is where the huge money will be coming from.
Who in his or her right mind would sell at these prices???? This one is trading at 0.1 x sales....should be at least 0.5 X sales
I will summarize my CC notes later. SeekingAlpha will probably publish the entire transcript...they always do
Check it out....:)
leverage your gains my friends....leverage your gains...investing at this price here is dead money
I agree. the more important thing now is that INVE will be in the category of innovator and market leader in cloud and mobility ID solutions
I am adding more. I can see INVE at $3+ next quarter.
4Q is really higher than the previous guess of $30 millions because they will shutdown high-expense unprofitable operation to raise gross margins and increase the bottom line
INVE closed at 72c, Up 12% on 5 times normal volume. SeekingAlpha article today says INVE will be a multi-bagger and gives the reasons for it ( go to INVE Yahoo site to read article)
.............Wow.....why is this one 64C??...What a bargain!! Thanks!!
12 Month target: $3++
- Millions of shares bought by insiders recently at much higher than current prices (going private, acquisition target??)
- New CEO and management
- Large recent new contracts all over the world recently announced
- Dozens of established growing product lines
- Dozens of patents
- $100 M in revenues
- Strong balance sheet with new cash infusion
- 3Q earnings before November 15
- At 52-week low because of MM manipulation and being under the radar (this will change soon)
Identive GmbH (NASDAQ: INVE) provides solution for secure access of digital content and services. The Company develops and sells a range of standard-based hardware, software and silicon solutions to OEM customers in the government, financial, enterprise, consumer electronics and broadcasting markets worldwide. SCM's offerings include conditional access modules for secure decryption of digital pay-TV broadcasts; smart card reader technology for secure access to PCs, networks and facilities; and interface technology for transferring content to and from digital flash media.
yep....very nice chart
Most Recent news:
Tue, Oct 15, 2013 8:00 AM EDT
Astea International is Positioned in the Visionaries Quadrant in Gartner's 2013 Field Service Management Magic Quadrant - Evaluation based on Completeness of Vision and Ability to Execute
Oct 7 2013, 12:06
Astea International: A Stock Under $3 Poised To Climb Higher (Excerpts from SeekingAlpha article)
ATEA has positioned itself for potentially significant growth through a recent convergence of the following positive developments: 1) a significant uptick in cloud software as a service wins - a trend that is expected to continue, 2) an increase in its backlog for professional services, 3) the recent announcement of a major software release, and 4) numerous recent announcements of sales and marketing alliances with large global firms.
It appears Astea has recognized this opportunity and have made moves to capitalize on it. Zack Bergreen, founder and CEO of Astea International stated recently, "We've optimized our business both strategically and operationally, to better adapt to the increasing customer adoption of the cloud SaaS business model, and as a result, these actions are already improving our business and we are now well positioned for growth and increased revenues. We are seeing an increase in the number of sizable companies, around the world, that are interested in our robust end-to-end service management solution. In addition to this positive trend, our professional services backlog is growing. Accordingly, we are confident that we will return to profitability by the end of the year."
As mentioned before, the stock price will likely move up after the company demonstrates that it can produce less bumpy and progressively improving results much like those of software company Datawatch (DWCH), When comparing price to sales ratios, DWCH's 7 plus obliterates ATEA's anemic 0.5. This underscores the potential stock appreciation for ATEA stock should its valuation approach that of DWCH.
Found it at the ATEA Yahoo site