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   Technology StocksLogic Devices: Ready to come out of the doghouse?


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To: Raybert who wrote (55)4/30/1999 5:18:00 AM
From: Maui Jim
   of 94
 
This is good news!

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To: Mark R. Rose who wrote ()7/13/1999 5:07:00 PM
From: Maui Jim
   of 94
 
On verge of $5; Logic's out of the doghouse (well maybe only it's tail still in) on strong prospects for image processing chips.

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To: Maui Jim who wrote (57)7/16/1999 9:40:00 AM
From: Mark R. Rose
   of 94
 
I agree Jim,
But the small volumn bothers me. Have these guys made any announcements lately?
Regards, Mark

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To: Mark R. Rose who wrote (58)7/16/1999 3:43:00 PM
From: Maui Jim
   of 94
 
Volume is low today (Friday), but we have had several 100,000 share days so far this month, well over the normal 25-30K trading in the past. So the move has come with some increase in volume. Additionally the bid size is almost always several times the ask. JB

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To: Maui Jim who wrote (59)7/28/1999 3:05:00 AM
From: Raybert
   of 94
 
Q3 results are in and things look great.

"SUNNYVALE, Calif.--(BUSINESS WIRE)--July 27, 1999--LOGIC Devices, Inc. (Nasdaq:LOGC) today announced results for its third fiscal quarter ended June 30, 1999. The Company reported revenues of $3,532,100. This is an increase of eight percent over $3,256,100 recorded in the immediately preceding quarter ended March 31, 1999. Revenues for the same period of the previous year ended June 30, 1998 were $3,298,700.

Reported earnings for the quarter were up sharply to $199,400, or $0.03 per share, compared to earnings of $700, or, $0.00 per share
during the same period of last year. Earnings for the immediately preceding quarter ended March 31, 1999 were $40,200, or $0.01 per
share.

Bill Volz, President of LOGIC Devices, announced, "The quarter just ended was a particularly eventful time for the Company. We obtained a new banking relationship, strengthened our team with a number of important staffing moves, and we enjoyed strong cash flow as a result of the restructuring which we undertook at the end of the last fiscal year, which allowed us to significantly improve balance sheet liquidity."

"By the close of the third quarter of 1999, LOGIC Devices had reduced total liabilities by 37% ... Bank borrowings have dropped from a high of $5.85 million to $3.5 million ...Accounts payable is down approximately $850,000 since the beginning of the fiscal year. The Company has generated $2.7 million of cash flow in excess of its burn rate since the beginning of the fiscal year.

"However, because cash flow was heavily weighted toward the end of the quarter, the Company continued to tighten expenses during the June quarter. Earlier in the quarter, the Company was limited in achieving its sales goals due to working capital constraints," continued Volz.

...
"The challenge going forward will be to rebuild our product development activities to accelerate new product introductions. With the highly competitive conditions which exist within the industry, skilled engineering talent is not quickly recruited."

"The Company expects the current quarter to provide additional net positive cash flow. As a result, the Company anticipates shifting its priorities to funding growth initiatives over cost containment as the quarter progresses."

...

"The Company faces new challenges in the months ahead. The adoption rate of HDTV studio equipment has been slower than earlier forecasts suggested. The Company's newer products are designed into a wide variety of systems that address this market. Fortunately, strong sales in related communications applications have provided upside revenue opportunities to overcome this short-term delay."

"The supply chain which LOGIC depends on is changing rapidly. Since January, wafer fabrication utilization has increased dramatically, to nearly full capacity. However, the Company has not experienced any difficulties in obtaining wafers. Due to the high value of the Company's new products, relatively few wafers are required to support sales growth.

"At the other end of the chain, the Company's outsourcing of its order fulfillment activities has not met expectations to date. This area will be carefully monitored and evaluated during the current quarter," concluded Volz.

Now let's try that $5 mark again, shall we? Go LOGC!

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To: Raybert who wrote (60)8/18/1999 2:21:00 AM
From: Maui Jim
   of 94
 
And yet LOGC is down 40% in a month...

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To: Maui Jim who wrote (61)12/7/1999 4:30:00 PM
From: Maui Jim
   of 94
 
And finally sticking his head out of the doghouse...

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To: Maui Jim who wrote (62)2/23/2000 8:06:00 PM
From: John Mav
   of 94
 
Wednesday February 23, 6:09 pm Eastern Time

Cable operators, TV makers agree on digital plan

WASHINGTON, Feb 23 (Reuters) - Cable television operators and consumer electronics makers reached agreement Wednesday on connecting new digital devices, removing one hurdle delaying the transition to futuristic broadcasting services like high-definition TV.
The agreement, which came about after years of wrangling and pressure from federal regulators, established standards for connecting cable systems to new digital-capable TV sets and displaying program guides and schedule information.
But regulators expressed concern that the two industries still had not agreed on a copy protection scheme to allow digital sets to connect to video recorders and other equipment.
Federal Communications Commission Chairman William Kennard, who last month threatened to impose regulations governing the connections, welcomed the agreement but warned his agency would move ahead unless a full pact was reached.
Kennard cited the lack of a copy protection scheme and a failure to agree on how to describe the capabilities of digital sets. Some TV sets, for example, may be capable of showing over-the-air digital broadcasts but not of connecting to cable or other digital devices.
``These two issues are very important to consumer enjoyment of digital television,' Kennard said in a statement. ``I urge the parties to continue to work toward a marketplace solution in these areas as well.'
Television is slowly but surely moving from old-fashioned analog service to advanced digital systems that will allow movie-like pictures, interactive offerings and more efficient use of the airwaves. As many as six ordinary-quality digital broadcasts or one or two high-definition shows can fit in the airwaves that now carry a single analog broadcast channel.
But few consumers have purchased TV sets capable of picking up digital and high-definition broadcasts. In part that was due to a lack of compelling programming and high-priced equipment but another major stumbling block was lack of compatibility with cable systems.
Representatives of the cable and consumer electronics industries hailed Wednesday's deal and pledged to continue working on the outstanding issues.
``This is yet another giant step forward in the transition to DTV,' said Gary Shapiro, president of the Consumer Electronics Association whose members stand to reap massive revenues if consumers begin upgrading to digital equipment en mass. The group includes Sony Electronics Inc. , Toshiba America and Matsushita Electric Industrial Co.'s Panasonic .
Robert Sachs, president of the National Cable Television Association that includes companies like AT&T Corp. (NYSE:T - news), Time Warner Inc. (NYSE:TWX - news) and Charter Communications (NasdaqNM:CHTR - news), said the agreement proved no government intervention was needed.
``This voluntary solution makes unnecessary government involvement in setting compatibility standards for the dynamic digital TV marketplace,' he said in a statement.
Cable operators are waging a fierce lobbying battle at the FCC to avoid a rule requiring them to carry all over-the-air digital broadcasts. So-called must carry rules already require cable operators to carry all analog channels and broadcasters are seeking to have the policy extended.
In a letter to the FCC on Tuesday, broadcasters blasted the agency for failing to adopt digital must-carry rule or set interconnection standards.
``The Commission has accorded cable sacred cow status,' the National Association of Broadcasters and other groups said in the letter.

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To: John Mav who wrote (63)2/28/2000 4:03:00 PM
From: Maui Jim
   of 94
 
The HDTV news has certainly sparked LOGC shares...

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To: Maui Jim who wrote (64)3/1/2000 9:47:00 AM
From: BigAlbe
   of 94
 
just discoverd LOGC last nite, wish i new earlier. just picked up some shares, i know its a long shot, but might this me the "next one" to have its day in the limelight. nice to see only 6 mil shares outstanding. any one else out there......

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