| To: Jeffry K. Smith who wrote (1379) | 10/7/1999 9:57:00 AM | | From: R.S. Blum | | | |
Yo Jeffie,
I guess you haven't been paying much attention around here! Just wanted to point out all of your ridiculous past proclamations proved to be just that. Gosh, if you weren't so think skulled, perhaps you could have shared in our good fortune. What a shame...
Anyway, Imho you owe Chris a major apology there guy! He was right on the money every step of the way.
Good Luck |
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| To: R.S. Blum who wrote (1425) | 10/7/1999 12:54:00 PM | | From: Jeffry K. Smith | | | |
Yo Scottie,
Just wanted to remind you of your 'ridiculous proclamations' - "At this point, I'm too thoroughly disappointed and damn glad I haven't wasted my time to peel these cert's off basement bathroom wall. I think it's pretty evident they're going nowhere soon" - too. (12/16/98) Talk about thick skulled!
Message 6860469
If my posts kept some people away from RDUS, that's good enough for me!
And my buddy chris the stock pusher hasn't posted ANYWHERE since August 4, 1998! (He must have gotten tired of waiting, eh?) Maybe you can get him to arise from the dead to celebrate whatever has happened since then!
And Good Luck to you, matey. |
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| To: Jeffry K. Smith who wrote (1426) | 10/7/1999 2:46:00 PM | | From: R.S. Blum | | | |
Matey! Oh, I like that!
Absolutely, and though at one time thoroughly disappointed, I stuck in there with my iron determination to see my way through to a number of very nice gains. I thought you'd like that?
But, the part about being happy about steering people away from a multi-bagger so far was kind of curious?
BTW--You can easily find Chris to deliver his well deserved apology on Yahoo's DODV thread. I'm sure he'd appreciate that.
Good Luck... |
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| To: R.S. Blum who wrote (1427) | 11/5/1999 8:12:00 AM | | From: Richard Peterson | | | |
Digital Origin Reports Year-End Results; Company Delivers Strong Finish to First Full Year as
Digital Video Software Concern
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 4, 1999--Digital Origin, Inc.
(Nasdaq:DODV), formerly Radius, today announced financial results for the fourth quarter and
for the fiscal year ended Sept. 30, 1999.
For the fourth quarter of 1999, Digital Origin reported net revenues of $4.1M, operating income
of $104,000 and a net profit of $160,000 or $0.03 per diluted share. For the fourth quarter of
the prior fiscal year, the first quarter with a majority of revenue attributable to sales of video
editing software, the company reported revenues of $1.2 M, an operating loss of $1.8 M and a
net profit of $1.3 M or $0.24 diluted share. Non-operating income for the last quarter of the
prior fiscal year included $2.1 M due to the sale of certain assets.
Revenues for the year ended Sept. 30, 1999 were $13.4 M resulting in a net profit of $5.8 M or
$1.02 per diluted share. These results compare to the prior fiscal year ending Sept. 30, 1998 of
revenues of $15.7 M and a net profit of $8.7 M or $1.57 per diluted share. However, operating
results for the first three quarters of fiscal 1998 were predominantly related to sales of monitor
products that the company discontinued in August 1998. Results for 1998 include $12.4M of
non-operating income due to the sale of certain assets.
Mark Housley, chairman and CEO of Digital Origin, said, "I'm pleased to report the results of
our first full year of operations as a digital video software company. Digital Origin was the first
company to focus exclusively on digital camcorder-based software solutions and we are still the
only public company to put 100 percent of our focus on this market."
"Our goal in fiscal 1999 was to show that we could build a profitable, sustainable business
around such solutions. As the market for digital camcorders has grown -- annual camcorder
shipments in 1999 have more than doubled from 1.7M units to 3.8M units worldwide -- and
prices are now below $999 level, this single-minded focus has yielded gratifying results; Digital
Origin grew at almost twice the rate of the overall camcorder market. Total shipments of digital
video products were $4.1M this quarter, a 230 percent increase over the same time last year and
a 9 percent increase over the previous quarter."
"We have created great products with good value and a strong brand, and we have turned this
value for the customer into value for our shareholders," said Housley. "Gross margins showed
a substantial improvement year to year, increasing from 49 percent in the fourth quarter of fiscal
1998 to 66 percent this quarter. At the same time we maintained tight controls over spending,
increasing operating expenses less than 10 percent from Q4'98 to Q4'99. All of these
improvements are reflected in our balance sheet; over the year, cash and cash equivalents
increased to $3.6M from $0.6M, and shareholders' equity improved by $6.2M. We now have a
profitable, growing company that is a pure play' in the emerging market for digital camcorder
software solutions."
"Fiscal 1999 was also the year we rounded out our product portfolio by delivering a full suite of
products for all segments of the digital camcorder market: consumer, desktop, and
professional," Housley said. "Customers using MacOS, Windows 95, 98, and NT can produce
broadcast-quality video starting at a price as low as $249. I am very proud of the Digital Origin
executives and employees who continued to announce significant products, promote them, and
deliver them on time with incredible quality and tremendous price/performance."
Housley continued, "Fiscal 1999 was also dedicated to building and strengthening our channels
to deliver desktop video software solutions. In North America we both solidified and
strengthened our traditional computer distribution channels as well as established new channels
built around major camcorder suppliers. Outside the USA we have rebuilt our entire distribution
network from scratch. In Japan, we have a completely new lineup of partners and are beginning
to see revenue growth from that region. In Europe, we extended existing distribution and
established Canon Europe as our channel to the camcorder market. Despite earlier concerns
about potential seasonal weakness in Europe, our business in Europe grew substantially from
quarter-to-quarter and year-to-year. Fiscal 1999 was also the year that Digital Origin embraced
the internet. E-commerce sales grew almost 700 percent year to year; e-commerce and direct
sales accounted for 14 percent of total sales in fourth quarter of 1999."
Quarterly Highlights
The following highlights were announced or occurred after the Digital Origin earnings release
for the quarter ended July 3, 1999: -0- -- Introduced and shipped IntroDV 1.0 for Windows on
schedule. -- Announced and shipped MotoDV Mobile for Macintosh on schedule. -- Introduced
and shipped MotoDV European Edition on schedule,
supporting German and French versions of the software. -- Announced and demonstrated
EditDV 2.0 for Windows with
multi-Pentium III support, breaking the 4.0-second dissolve speed
barrier. -- Announced a broad co-marketing and promotion campaign for IntroDV
with JVC of North America. -- Implemented ESD (Electronic Software Delivery) sales, enabling
direct-paying customer downloads of product. -- Installed both a new Y2K compliant MIS
system and telephone
system for improved customer support and direct sales. -- Secured a $1.6M credit facility from
Transamerica for equipment
leasing and working capital needs. -0-
About Digital Origin
Digital Origin was founded in 1986; its products include leading-edge digital video software
solutions that are available through worldwide authorized resellers, system integrators, and
distributors and directly via the internet. Digital Origin may be reached at (650) 404-6300 or at
www.digitalorigin.com. "Digital Origin," "EditDV," "RotoDV," "MotoDV," "IntroDV," and
"PhotoDV" are trademarks of Digital Origin, Inc.
Special Note
This press release contains forward-looking statements that are subject to risks and uncertainties
including, among others, estimates of the growth of the DV camcorder market and quarterly
growth rate factors, the ability of the company to successfully market its digital video products,
continued growth of the digital video market, continued market acceptance of the company's
products, the ability of the company to compete, the ability of the company to increase revenues
and profitability, general economic conditions, and the other factors described in the company's
filings with the Securities and Exchange Commission. Actual results may differ materially from
those described herein due to such risks and uncertainties. -0-
DIGITAL ORIGIN, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
Sept 30, Sept 30,
1999 1998(1)
(unaudited) ASSETS: Current assets: Cash $ 3,627 $ 600 Accounts
receivable, net 1,995 364 Note receivable
from Korea Data
Systems America,
Inc -- 4,500 Inventories 211 803 Prepaid expenses and other current
assets 161 156
--------- ---------
Total current
assets 5,994 6,423 Property and equipment, net 726 133 Other assets 175 --
--------- ---------
$ 6,895 $ 6,556
========= ========= LIABILITIES AND SHAREHOLDERS' EQUITY (Net capital
deficiency): Current liabilities: Accounts payable $ 2,791 $ 1,971 Accrued payroll
and related
expenses 551 324 Other accrued
liabilities 1,371 2,069 Deferred income -- 4,833 Accrued income
taxes 301 1,102 Short-term
borrowings -- 1,340
--------- ---------
Total current
liabilities 5,014 11,639 |
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| To: Richard Peterson who wrote (1428) | 11/15/1999 9:53:00 PM | | From: Richard Peterson | | | | |
So, has all of the former RDUS shareholders abandoned DODV? I held on through all of those hard times and now that DODV is acting like a "real" stock and has appreciated 265% since the reverse split, everyone is gone. Next stop seems to be $10.00...... |
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| To: Martin Olsen who wrote (1430) | 11/19/1999 7:07:00 PM | | From: Richard Peterson | | | | |
Martin, it's too bad this thread died. I held RDUS for many years and decided to hold through the ticker change, the reverse split etc. Today it traded at 14 3/8...When is it over valued? Is the PE true...they received lots of cash when they sold Splash and I'm sure that's all figured in...so what's it really worth? I'm still holding...probably til I drop and my kids can inherit it! Richard... |
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| To: Richard Peterson who wrote (1431) | 11/20/1999 4:30:00 AM | | From: Martin Olsen | | | |
Richard, Yes, the P/E still reflects revenue recognized from the disposition of assets. But this company HAS turned itself around; reinvented itself from the ground up. For about two years there was legitimate concern that they may not be able to pull it off. But they did, and you really have to tip your hat to Mark Housley and all the DODV workers who have crafted an excellent suite of products and delivered on their promises to shareholders. The big gray cloud of uncertainty through all this has been the market itself...DODV had the product but literally had to wait for the market to develop!
Richard, this is no longer a dying hardware/peripherals company... It is a young upstart company in a young upstart industry that is in the early stages of rapid growth. Personally, I think Housley's revenue growth estimates of 50-100% for the coming year are purposefully conservative. One thing I have observed about his style is that he does his damndest not to promise something he cannot deliver.
In short, I am way more bullish than ever on this company. At 14 today, the chart pretty much screamed that the price got ahead of itself, but at long last, institutions are buying in (just pull up a 10-day chart...) so I do not believe that we are going to head back into the single digits. 1st Q of 2000 (to be reported in January) is going to be big...really big. If you want to know why I think that, just follow this link to the annual report webcast replay. (scroll down and click the "replay this webcast" and follow the instructions...)
digitalorigin.com
After hearing/watching that presentation, I think you would agree that, for at least the next few years, the stock of this company is going nowhere but up. I think you would be smart to hold on another year. My target of 24 for November, 2000 is extremely conservative, IMHO.
Cheers,
-Martin
(PS...most of the old regulars on this board have migrated over to the Yahoo message board. Just go to Yahoo.com, go to finance, then message boards and look up the dodv board...) |
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| To: Jeffry K. Smith who wrote (1426) | 3/24/2000 1:27:00 AM | | From: PeteW | | | |
Jeffry,
Just wondering whether you're still lurking. I get a kick out of reading your old posts to see how consistently wrong you were. Do you have any other stocks you'd like to "keep me away from"? I could use a few more in my portfolio like DODV. By the way, did you ever have enough integrity to apologize to Christopher? Didn't think so.
Cheers. |
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| To: PeteW who wrote (1433) | 3/24/2000 9:57:00 AM | | From: Jeffry K. Smith | | | |
Pete,
We must all decide, like Christopher, whether it is better to spread rose colored talk about a stock that went nowhere for a LONG LONG (how many years?) time after I made those statements, or to spend one's life doing something more productive.
Obviously Christoper then, and you now (by virtue of your post), have not developed that ability.
Grow up. |
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