|Modified | DDT |>| SUN.NOV,981122,20:4-4 |||CoSy/Home ; CoSy/Current||© Coherent Systems Inc .|
============================: THU.NOV,981105 :============================ Ashton Tech Ashton > 30 Institutions . | 2.5shares % `Day | B o China in HongKong encrypted to US in 3 sec | Don t change normal clearing & settlement arangements . don`t deal w hedge funds . small rev from Gomez . wholy own Sub | Pension funds . evluated avg price . Avg over day contract for WAP . Evaluated Avg Price | matching orders subject to price being set @ eoday . 9:20| pup @ 9:30| . Vol WeightedAvg price . ( +/ Vol * price ) % Vol Providing 1st hr avg price , Miday & last hr . 9100 stocks | wand held wireless for those w Laptop in their pants . limited to fin intermediaries . Selling data to eg instanet . Open outcry systs survive - change rules . Rules w require everyone to become exchange . Was on NASDAQ . Key player remains NYSE | 10B$ % day | Equity 5M , sep abt 1.25 | expect break even after 3mo . run rate 125k % mo | Gomez now 15 people . Score card demand great . vendors and consulting ( out of Forrester Res ) all under 37 . Concord Mass . Aston backed JulioGomez . ranks quality of internet brokerage . Julio ran broker side of Forrester . Intelligence gathering contacts . would sell .1 - .15 Gomez in IPO . PhilStock exchange was inovative . |10:57| Former NYPD detective , Gomez is one of the hot ones . Ashton is a very interesting Company AmTec ChinaTelcom company . I`ve seen this Co before @ Equities . |11:13| Chmn oot unavoidable | 6 GSM cell nets in Hebei province . Pending xact w United Intnl Holdings , Global TeleSystems Group . EQUANT , NTE international . geo diversity - moving into Shanghai . JoeWright former Pres | McNamar Former dep Tres Sec . VChr Bank O N.England Board : Lianng Chmn Hebei United Telecom , MichaelWilson : Canadian Minister MichaleLim COO : teledensity : 1.t % penetration fast exponential Rev % subscriber $450 + 340 * yr . Hebei surround Beijing NTT Intln & Itochu provided > .9 of financing 3* growth in last q , 3000 % mo right now . 10 yrs 700000 . 370M$ assuing only 2 providers rev CF project : 36 54 75 127 ; 11 17 31 66 | 99 thru 2002 | AmTec valuse self @ 110$ | Cable most popular medium : .15 penetration x 64 1.4 x 255E3 x 4 |>| 1428000 | $ rev $ x subscribers x 4 | Central gove wu to 12 chan . 4 local aproves . no external news Govt does want to get external world . Data networking . Only locals can get licenses . are combining w foreign expertise . buing | 8E6 $ for GTS JV established in Shannghai . 3.5 Rev next yr . | 5 9 12 22 | rev proj - 2002 | |11:38| 8.8 $ cash . | book .5 % share | 27M shares out . w be issuing 15.5 to UIH & GTS . | diluted : 55M shares | Amtek reported rev , EBITDA : .9 17 28 45 ; -4.2 7.4 16 30 | Combined rev CF | 44.5 68 95 158 ; 14.5 23 41 81 | value @ 190M discounted @ 20 yrs . Large Mkts w tremendous growth potential . Worldclass telecom & stratigic partners . Politically strong PRC partners . Prestigious Board . helps do things the right way . Focus on proven mkts w restricted competition . 2 licenses . if after wired , politics change - in mkt w china more concerned abt control - Chinese like duopoly mode eg : coke & pepsi . |11:49| Michael Lim runs china : 20 people , son of retired govonror of province | GTS more tek experienced . JoeWright . | 14 employes in AmTec SEC reporting - etc . | McNamar : Ru Jung Jee - effort to regulareize . MOFTEK . ab | .35 payout limitatio ? | saving dealing chips w WTO . China understands need to accomidate foreign investment | 1.4B$ investment by World telecoms . Disadvantage vs major ? don`t think so . After NewYears w be more permanent political situation . |11:58| |13:1| John Westergaard : Most important result Minnesota . LBJ little girl atomic countdown commercial . Jessie Rodan Thinker , Venturra Commercial . Whole oaf american politics , a wink . Everyone winks @ everything . Fred Ashton Tek . Kortex - 2 - 20 , now back down to 2 . FocusEnhancements . Infowave wireless . PlanetCity . `96 BIOSs have problems . VoxCom : YARC : Wide format printing . Paulson , BobFlaherty , BobMetz . AnneStraton partner . WalkerWainright 2M Private Placement for WBN.com . Kjakan Bear Award to ColletteCozean | PremierLaser PLSIA . up 1.5 today - Bloomberg called . New DNA - how medium changes the message . Started in vesting in `40 when had `31 car . Went to work for S&P . now VWAP . LukenSteal contract for destroyer`s hatch covers . small cap 100 x earings . Line of chairs w ticker tape running along line . Shout price from 1st in line . last just keeps tape moving . Howie in Tangeer in `47 . mimeo US stock prices off short wave radio . MerrilLinch Research now free on web . Warrents on DaVinci Replicas . Italian bank has securitized these warrents - great creativity of man when it comes to $Money$ . Last Tuesday seminar : online trading . Wit Capial vehicle for Solamon - Price competition no longer working . etrade huge money into content . ML hooking on content , then bring as client . Will be interesting to see how deal w human brokers . Euro London Futures exchange laying off 600 . What NYSE thinking of building new Behemeth w tax breaks is beyond John . Reuters How does Corp deal w this . Internet Research station - CyberStation - 24-7 corporate info interface . into Mid & Big Cap Mkt . 20 24 30 , now 36K$ for Cyberstn yr fee . Chinese Wall between . .25 revs into ads on eg Schwab $12k get 1M eyeballs . Ananlysts $12k per yr per company . May handle up to 10-15 Cos . No research overhead til have Corp signed up . What we do : Establish Web Presence - protect from fraud & misrepresentation Premier FDA innocuous ltr abt complaint handling . Poster blew oo proportion LarryBiggs : FTC destroyed his busness . settled for $35k , cost $4M . Y2000 getting 1E6 hits % wk . Abt Y2K : Apalling WSJ Abject failure to deal w it ( NYT online extensive ) , WSJ not recognize Y2k seasons . $100sMs being spent on it WW . Most important issue of times . Situation w Govt very grim . Sadam moves south in Jan 2000 . DoD has 100s of languages - eg : written TRW in `77 - StLouis processing ctr handles $25B . Very confident Small Cap bottom Oct 10 . Small w far out perform for next yr . |13:48| |14:13| BioImaging : Convergence of Key drivers Mark Weinstein : Healthcare & mngt . CEO since Apr . `98 discontinuity of rev growth . | Mkt cap | .65 x 7.8 9.5 |>| 5.07 6.18 West Trenton NJ . 3 busn offices , Lab & Busn in Netherlands too . Med image processing . Strong FDA relationship . Expidite reg review process Quantative Med image analysis . Manage independent review of med imaging . Quantatative insight . Work w ContractResearchOrgs . been involved in > 180 imaging trials in NA & Euro . all modalities : CT MRI Ultrasound Nuclear Xray . Cardio Neuron Onco , AntiInflammatory . `96 decline in new clients - riding on `93,4 . Now 3 + 1 US Euro sales . expect tot `98 new ~ 20 . Diagnostics w dyes was large portion , now Therapeutics . Work to standardize image acquisition . Images 60M Mammogram - fedEx broad band width . most machines stand alone . Do have web server - can do now . supposedly no-destructive compression not satisfactory . BITI has unique relationship w FDA - guidance w regs . MktDemand & Drugs entering pre-clinical continiuing up .04 % yr combinatorial chem increasing R&R complexity . Global clinical trials are happening . FDA is std to which ICH & others look . euro - looks @ less raw data , more experts . Are niche CRO . growing .25 % yr , from 4.1B to 9.2B mkt by 2002 . ClingtonKessler Oncology Initiative tumor shrinkage . Film & Calipers are gone . FDA stressing reproducablity being paramount . Are Independent Core Lab . Shrinkwaping threshold software edited by MD . cros products - longest line * perpendicular . use validated software . Only work for production tools . forte : Process knowledge & audit trails . -- unsurpassed . Combining image sources . Large DBs no longer a problem . Amtureing Euro Op - Profitable this yr . Starting to do Trade Shows . ads in TradeJournals . Joint Presentations w CROs . w Expert Readers . Dedicated read room in SC . | Covance owns piece . CRO : Quintiles acqd I2 imaging - but have competed sucessfully . Academic Imaging labs not set up for PhaseIII . Computer Assisted Masked Read Sys . C++ & VB . result : Data for Stats . 30 - 50 cases % day . generally 2 readers . MD less tier | Dome Card multi screen integrated to 1 PC . Remote CompAssist Masked Reading Sys - project would be 160 hr % reviewer . so do @ home . Putting sys in Paris . 2- HiRes monitors . Used on Imberl aproved last wk . [ |14:54| Everyone in Shanghai has pagers . ] Fin condition : BurnRate 1.25 % Q . 5M BrkEvn . Sept30 w show 1.5M loss . See no need for additional funds . | Current ratio | 2 % 1 | Thought profitable in `98 but .34 1 cust . | .65 x 7.8 9.8 |>| 5.07 6.37 |15:1| YARC.Systems(EBB:YARC) : TrevorMarshall PhD |15:10| HP 2500 large format color printer . Inkjet printer 600dpi image . HQ printing over networks . Provide glue between computer & printer . Founded `88 . Refocused `95 on printing . EFMT 19E6 16E6 x .5 |>| 9.5M 8M KxarstenJeppesen DDS , R&D software . DUS founded w Lego & Danfoss . Made amps for AC/DC . West Aust Academia . Electronics fo imaging 400M . Adobe 200 , Splash $70M . Canon Laser copier . becomes printer . MFgrs not have own tek to interface w printers . HP uses Adobe PostScript . PhotoShop `89 beginning of industry . `91/2 Postscript II defined . < 12 postscript interpreter in world . 500k lines C . Continuing rapid growth & change . YARC was working w Pipeline . MS 'TrueImage' PostScript . DaiNippon SCREEN - caused to focus on 3D graphics Pixar . got emmy . supplied them accelerator board for $690 . added Harlequin RasterImageProcessor - vector to raster converter 7000$ . Sys $25K . Delivers PS tech . Plug & play RIP server . only 2 cos : FE Direct IP PPP connection to server . Net GUI or AppleShare over AppleTalk . All server fns can be controled by web tools . interfaced to Novell & other nets . Ongoing Adobe . Mkt EFII dominant in office /desktop . ADBE $150M in licensing . Large format is open . EFII failed in mkt . YARC . Adobe software degrading . Needed to drive cutter Roland Hamamatsu Japan . Some non- postscript . Since own core can do special things . IntnlColorConsortium . www.yarc.com/ Color tutorial . RasterTransverLanguage . Cannon 7 ppm near-photo . 178M - |16:20| FocusEnhancements(FCSE) ThomasMassei \ Chmn Macmemory 23 - mem & accelorators for Mac . $ 1500 . for 2 meg 500$ 1M 32 1Meg chips . | doing $8M . Micro when 24 . | Married , moved to NewEngland . `92 Focus failed in every way could . Concept to become Dell of Peripherals . maybe Kingston close . went to 18M Rev , but margins %2 . IPO w losses in `93 . Cash burn too big . Video conversion product . 3M$ 95 , 14 19 27 thru 98 expect 37-40 . Mixed signal to analog . 1024 768 75 frames % sec . Compaq to Workd w Frost & Sulivan `9801 report . TV 30 % Sec . Interlaced NTSC Dig - analog chip . PC-TV video . Computer ready TVs w TView SetTop Box 4M R&D in Chip . Internet set top boxes . Cable Modems VoDoo VGA graphics cards TV tuners . HDTV to NTSC converson . 70M TVs sold % yr . 1B TVs WW . Been working on since `94 . w ship 200K units this yr . do flicker reduction & ImageStablization . MultiFreq ASIC Dig/Analog chip . F&D : 450k Vid scan boxes sell % yr today . Focus has .46 -( Aber Media / AI tek each hav .17 using 3-4 FPGAs . Focus has abt 95 people . R&D & dist only . Turnkey Mfg w Samsung OEM & License grp & Consumer ( superstore group ) 100 - 300 $ retail cost . Laptop PC- Gold Card $250 bunch for business presentations. InVideo TV-> PC . in 2600 resellers except CircuitCity & BestBuy - in works 1100 outlets . CoMarket w Compaq . Core of Tek is Chip - PC-TV . Very Hi Qual Video $15 . 99q1 w be 10 - 6 $ in vol chip . Multiple patents - in house attny . Master in Physics & JD . Just got 2 allowed . Philips PAL-M , CECAM ( same chip ) . Fairchild Private $800M - using scaling & filtering tek . PictureTel - expect to engage w top OEMs . $4M of $27M expected . Just Acq Digital Image Conversion - hi-end Video Conversion . ProAudio VAR . reduced cost of prod from 100s $ . Improved res . HDTV conversion . 1.4M$ net on 19M sales . NI exclutinc networking grew 3.66 . LG buying Zenith . last yr stoped 2.7M$ busn w Zenith . Generating Pos $flow . Reduced liabilities Book : 17M$ | RedChip Review Estimates from Portland OR . projecting 250k chip total sales . All time low 1.5 x 18 |>| 27 | mkt cap | r x .25 .23 |>| 6.75 6.21 | mngt Inst | MPEG encoding | Bio Ex Textronix guy CTO Steve Morton , Box contains . OSD chip Haupauge makes TV tuners . & TomHamilton - started co Chip %2 designed 4 kids . |17:0| Looks @ operating Cash Flow . Bright guy . Knows what he`s doing . Their D&A chips push Samsung process tek . Drive connectors directly .