| Thema | Posts | Stand |
| mce - Mittwoch, 17. Mai 2000 - 17:33 |
| An mib und laurin: Habt Ihr Euch schon einmal mit Bluestone Software (BLSW) auseinandergesetzt und eine Meinung zu diesem gebeutelten Inet-XML-wert ? Danke, McE |
| mib - Mittwoch, 17. Mai 2000 - 17:55 |
| ich mal irgendwann was darueber gelesen, kann mich aber nicht mehr richtig erinnern. mir gefaellt aus Canada eigentlich Hummingbird (HUMC) recht gut. |
| mib - Donnerstag, 13. Juli 2000 - 15:39 |
| http://biz.yahoo.com/bw/000713/geac.html Thursday July 13, 8:39 am Eastern Time Company Press Release GEAC Announces Fourth Quarter And Year-End Results TORONTO--(BUSINESS WIRE)--July 12, 2000--(TSE:GAC. - news) Geac Computer Corporation Limited (TSE:GAC. - news) announced today its financial results for the fourth quarter and year ended April 30, 2000. Sales for the three months rose 27.8% to $265.4 million from $207.6 million in the prior year. Sales for the year grew 26.5% to a record $990.1 million compared to $783.0 million last year. The Company has now finalized its accounting for the acquisition of JBA Holdings plc. As a result of the reduction of required balance sheet adjustments, goodwill arising on the date of the acquisition has been reduced by $37.9 million to $177.4 million from the $215.3 million estimated in the October 31, 1999 balance sheet. Acquisition activities have had a significant impact on the Company's operations and results for the quarter. The Company reported Adjusted Net Income (defined as net income less the impact of the amortization of acquired intangible assets) of $30.8 million, or $0.48 per fully diluted share in the fourth quarter, compared to an Adjusted Net Loss of $69.1 million or $1.10 per fully diluted share last year. As well, the charge to income for the amortization of goodwill and acquired software in the fourth quarter was $31.5 million or $0.47 per fully diluted share greater than last year due to current year acquisitions and shortened amortization periods introduced last year. The net loss for the quarter was $9.8 million or $0.16 per fully diluted share compared to a net loss of $234.0 million or $3.74 per fully diluted share last year. In last year's fourth quarter a charge of $268.9 million ($4.30 per fully diluted share) was incurred to write down the value of certain intangible assets and to provide for restructuring charges. In the same period last year the Company also capitalized development expenditures and recorded amortization charges related to internally developed software. In the comparable period in the current year there were no capitalized development expenditures and no amortization of internally developed software. For the year ended April 30, 2000, the Company reported Adjusted Net Income of $153.2 million or $2.39 per fully diluted share compared to $78.0 million or $1.25 per fully diluted share last year. Net income for the year was $49.1 million or $0.79 per fully diluted share compared to a loss of $111.6 million or $1.80 per fully diluted share last year. Cash flow from operating activities in the fourth quarter was $21 million after taking into account all restructuring and integration costs disbursed in the period, continuing the strong operating cash flow performance in the third quarter. The acquisition of JBA Holdings plc and the integration of that business with Geac Enterprise Solutions has been completed and made a positive contribution to the Company's Earnings before Interest, Taxes, and Amortization during the second half of the year. The acquisition significantly increased Geac's presence in Europe and transformed the Company into one of the largest enterprise applications businesses in the world. Geac also announced today an agreement in principle to sell its banking systems business for approximately $160 million to 3i Group plc, a leading European venture capital firm. The proceeds will be applied to substantially reduce the Company's bank indebtedness. Douglas Bergeron, President and CEO commented: ``We have concluded a busy year of growth and transition of the Company, completing eleven acquisitions and generating $153 million in Adjusted Net Income. Importantly, we have demonstrated our ability to integrate these businesses to contribute to our operating performance.'' Mr. Bergeron continued: ``The divestiture of our banking systems business is an important milestone event for Geac. It reinforces our beliet signifimarketplace. Transactions such as this strengthen Geac's balance sheet and enhance our ability to pursue additional acquisitions.'' Mr. Bergeron added: ``The recently announced revenue weakness experienced by several other application software and services companies is being felt in several areas of our business and will result in revenue and earnings weakness in the coming two quarters. Moreover, our current quarter is also affected by the traditional summer slowdown in our now significant European operations. However, the current environment does provide an excellent climate to execute our acquisition strategy.'' Mr. Bergeron concluded: ``We remain on track to build a $2 billion business over the next three years and to own a significant percentage of the world's corporate enterprise installations. We are building a branded global business from a highly fragmented marketplace. As well, we hope to continue to transform and opportunistically divest businesses where value can be prudently unlocked.'' Operating Highlights: There were a number of important achievements during the year: With the acquisition of JBA Holdings plc, the financial and human resources applications division of Clarus Corporation, and RunTime, a leading CRM (customer relationship management) systems provider, Geac now ranks as one of the largest enterprise applications businesses in the world. Geac became a leading global provider of systems solutions to the publishing and newspaper industries through the acquisition of Cybergraphic Systems, Matrix Solutions PLC, and Gazette Technologies. Geac's Interealty.com, a leading provider of full-service Business-to-Business solutions for the real estate brokerage professional, strengthened its presence with the acquisition of GTE Real Estate Solutions and by entering into a number of key strategic alliances including a revenue sharing agreement with Microsoft Corporation. Financial Highlights (excerpts from audited financial statements follow) Period ended April 30, Three Months Year ($000's, except per share amounts) 2000 1999 2000 1999 Sales 265,416 207,611 990,142 782,991 Income (loss) before unusual items & taxes (7,004) 42,442 73,700 184,387 Unusual items - 268,854 - 268,854 Net income (loss) (9,847) (234,012) 49,053 (111,567) Net income (loss) per fully diluted share ($0.16) ($3.74) $0.79 ($1.80) Adjusted Net Income (Loss) (see attached table) 30,810 (69,062) 153,162 78,016 Adjusted Net Income (Loss) per fully diluted share (see attached table) $0.48 ($1.10) $2.39 $1.25 Geac Computer Corporation Limited (TSE:GAC. - news) is a provider of mission critical software and systems solutions to corporations around the world. Geac solutions include cross-industry enterprise business applications for financial administration and human resources functions, and enterprise resource planning applications for manufacturing, distribution, and supply chain management. As well, Geac provides industry applications to the hospitality, property and publishing marketplaces, as well as a wide range of applications for libraries and public administration. Headquartered in Toronto, Canada, Geac ranks as one of the world's largest software companies. Further information is available on the World Wide Web at http://www.geac.com, or through e-mail at info@geac.com. This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in Management Discussion and Analysis published in the Company's annual report. Calculation of Adjusted Net Income and Adjusted Net Income per Share (fully diluted) (000's except per share amounts) Three Months Ended April 30 2000 1999 Net (Loss) Per Financial Statements $ (9,847) $ (234,012) Amortization of Goodwill 17,665 4,088 Amortization of Acquired Software 22,992 5,055 Write-off of Acquired Software & Goodwill - 155,807 --------- ---------- Adjusted Net Income (Loss) $ 30,810 $ (69,062) --------------------------------------------------------------- --------------------------------------------------------------- Fully Diluted EPS on Adjusted Net Income $ 0.48 $ (1.10) Weighted Average Fully Diluted Shares Outstanding 67,048 65,996 --------------------------------------------------------------- Year Ended April 30 2000 1999 Net Income (Loss) Per Financial Statements $ 49,053 $ (111,567) Amortization of Goodwill 48,185 15,626 Amortization of 24 18,150 Write-off of Acquired Software & Goodwill - 155,807 -------- --------- Adjusted Net Income (Loss) $ 153,162 $ 78,016 --------------------------------------------------------------- --------------------------------------------------------------- Fully Diluted EPS on Adjusted Net Income $ 2.39 $ 1.25 Weighted Average Fully Diluted Shares Outstanding 66,236 65,429 Excerpts from audited financial statements Consolidated Balance Sheets Years Ended April 30 (thousands of dollars) 2000 1999 ---------------------------------------------------------------------- Assets Current assets: Cash and cash equivalents $ 40,951 $ 226,893 Accounts receivable 169,630 102,760 Unbilled receivables 24,863 15,941 Deferred taxes 40,444 - Inventory 9,667 7,825 Prepaid expenses 23,531 9,312 ---------------------------------------------------------------------- 309,086 362,731 Deferred taxes 1,241 - Capital assets 83,539 47,723 Other assets 526,439 196,783 ---------------------------------------------------------------------- $ 920,305 $ 607,237 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Liabilities Current liabilities: Bank indebtedness $ 139,299 $ - Accounts payable and accrued liabilities 214,342 137,674 Income taxes payable 18,282 20,526 Current portion of long-term debt 5,174 35,766 Deferred revenue 297,616 213,669 ---------------------------------------------------------------------- 674,713 407,635 Deferred revenue 18,387 - Long-term debt 10,329 35,238 ---------------------------------------------------------------------- 703,429 442,873 ---------------------------------------------------------------------- Shareholders' Equity Share capital 113,060 106,279 Retained earnings 105,065 56,286 Cumulative foreign exchange translation adjustment (1,249) 1,799 ---------------------------------------------------------------------- 216,876 164,364 ---------------------------------------------------------------------- $ 920,305 $ 607,237 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Consolidated Statements of Operations Years ended April 30 (thousands of dollars, except per 2000 1999 share amounts) ---------------------------------------------------------------------- Sales $ 990,142 782,991 ---------------------------------------------------------------------- Expenses Costs, excluding amounts shown below 664,465 468,111 Product development expenses 120,422 82,290 ---------------------------------------------------------------------- Income before Undernoted Items 205,255 232,590 ---------------------------------------------------------------------- Amortization of acquired software 55,924 18,150 Amortization of goodwill 48,185 15,626 Amortization of capital assets 22,847 18,055 Interest expense 10,718 6,691 Interest income (6,119) (10,319) ---------------------------------------------------------------------- 131,555 48,203 ---------------------------------------------------------------------- Income from operations before unusual items and income taxes 73,700 184,387 ---------------------------------------------------------------------- Unusual items - 268,854 ---------------------------------------------------------------------- Income (loss) before income taxes 73,700 (84,467) ---------------------------------------------------------------------- Provision for income taxes 24,647 27,100 ---------------------------------------------------------------------- Net income (loss) for the year $ 49,053 $(111,567) ---------------------------------------------------------------------- ---------------------------------------------------------------------- Earnings (loss) per share Basic and fully diluted $ .79 $ (1.80) ---------------------------------------------------------------------- ---------------------------------------------------------------------- Consolidated Statements of Retained Earnings Years ended April 30 (thousands of dollars) 2000 1999 ---------------------------------------------------------------------- Retained earnings at the beginning of the year $ 56,286 $ 194,243 Premium on redemption and cancellation of shares (274) (26,390) Net income (loss) for the year 49,053 (111,567) ---------------------------------------------------------------------- Retained earnings at the end of the year $ 105,065 $ 56,286 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Consolidated Cash Flow Statements Years ended April 30 (thousands of dollars) 2000 1999 ---------------------------------------------------------------------- Cash flows from operating activities Net income (loss) for the year $ 49,053 $ (111,567) Adjusted for: Amortization of intangible assets 104,109 56,673 Amortization of capital assets 22,847 18,055 Gain on disposal of fixed assets (229) - Write down of other assets - 238,575 Fut - Other (3,475) (1,316) ---------------------------------------------------------------------- Changes in non-cash working capital (43,168) (30,640) Changes in deferred revenue (53,108) 7,723 79,929 177,503 ---------------------------------------------------------------------- Cash flows from investing activities Acquisitions less cash acquired (297,756) (39,917) Additions to capital assets (3,854) (13,654) Additions to other assets - (64,931) ---------------------------------------------------------------------- (301,610) (118,502) ---------------------------------------------------------------------- Cash flows from financing activities Issue less purchase and cancellation of common shares 6,507 (10,184) Increase in bank operating loan 118,135 - Decrease in long-term debt (89,993) (37,685) ---------------------------------------------------------------------- 34,649 (47,869) ---------------------------------------------------------------------- Effect of exchange rates on cash and cash equivalents 1,090 (1,696) Cash and cash equivalents Net (decrease) increase in cash and cash equivalents (185,942) 9,436 Cash and cash equivalents at beginning of period 226,893 217,457 ---------------------------------------------------------------------- Cash and cash equivalents at end of period $ 40,951 $ 226,893 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Contact: John Lanaway, 416/ 642-1960 416/ 642-8454 (FAX) j.lanaway@geac.com or Douglas Bergeron, 416/ 642-1960 416/ 642-8454 (FAX) |
| mib - Freitag, 14. Juli 2000 - 17:58 |
| ist alles nicht so schoen, aber ich bleibe dabei, die Aktie ist viel zu billig. In der Telefonkonferenz hat Bergeron erneut auf bevorstehende spin-offs hingewiesen und ein Nasdaq-listing in Aussicht gestellt. ich werde Geac halten und bei 10 C$ ggfs. nachkaufen. Geac ist ein gutes Langfristinvestment und ich koennte mir vorstellen, dass die jetzige Ueberkorrektur bald umschlaegt und wir ein moderates pull-back sehen. |
| chinaman - Sonntag, 17. September 2000 - 01:39 |
| "ich werde Geac halten und bei 10 C$ ggfs. nachkaufen. Geac ist ein gutes Langfristinvestment und ich koennte mir vorstellen, dass die jetzige Ueberkorrektur bald umschlaegt und wir ein moderates pull-back sehen." Da könntest Du meiner Ansicht nach richtig liegen, mib. Mir gefallen prinzipiell solche antizyklischen Investments. Warum hast Du dann aber GEAC nur auf "hold" im Auslandsdepot gestuft ? Kennst Du aktuelle empfehlenswerte Analysen zu GEAC die Du (z.B. als Internetlink) hier hinterlegen könntest ? Danke ! Gruß Chinaman |
| chinaman - Donnerstag, 30. November 2000 - 14:22 |
| Wow, GEAC jetzt unter 2,50 EUR. Mib, gibt es denn dafür Gründe oder ist das nun endgültig eine Übertreibung des Marktes nach unten ??? Was sagen den die Konsensus Schaetzungen zum EPS ??? :-) Gruß Chinaman |