ON Technology is nen super heisses Ding. Chart passt, Kurs 2,80 Dollar.,
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Noch ne kleine Company, hats aber in sich.
ON Technology Announces 100th New European Customer in 2002; Wins 'Best Windows 2000 Product' Award
Updated: Thursday, October 10, 2002 07:35 AM ET Printer-friendly version
Leading European Companies Including Visa International, Commerzbank, Toyota Motorsports, DaimlerChrysler, Hiscox Insurance, Getronics, Siemens Transit Telematic Systems AG and Swedish Courts Select ON Technology's Advanced Management Solution to Reduce IT Costs and Increase Customer Satisfaction
WALTHAM, Mass., Oct. 10 /PRNewswire-FirstCall/ -- ON Technology Corporation (Nasdaq: ONTC, news), a leading provider of enterprise infrastructure management solutions, today announced it has received its 100th new European customer order this year from Switzerland-based Siemens Transit Telematic Systems AG. The company also announced that it was named winner of the "Best Windows 2000 Third-Party Product" category by the Institute for International Research.
ON Technology has had strong success penetrating a range of European industries including financial services, manufacturing, media & entertainment, and the public sector. These customers chose ON Command CCM(R) to enhance the ongoing management of their mission-critical applications and security updates, to automate infrastructure upgrades to Windows(R) 2000 and Windows XP, and to implement one-click disaster recovery for enterprise PCs.
For example, the Northern German Broadcasting Association (NDR) is using ON Command CCM to manage and deploy Microsoft Windows XP, along with business-critical broadcasting applications, to 5,000 PCs in five separate locations across Germany. According to Frank Cordes, Project Manager for NDR, the ON management solution reduces the company's overall IT costs while improving service quality and operational security. Furthermore, ON's automated inventory solution provides additional savings by monitoring actual end-user software usage in order to minimize software licensing costs.
Unlike conventional management solutions that can only be used to deploy applications and content, ON Command CCM is the only enterprise-class system that offers end-to-end lifecycle management including unattended operating system deployments and disaster recovery. ON Command CCM also allows globally-distributed enterprises to manage all of their workstations from a single centralized console, including WAN-connected remote or mobile workstations as well as LAN-connected systems in corporate facilities.
Chairman, President and CEO Robert L. Doretti commented, "Europe has always been an important part of our business and we are particularly pleased by the new and increasingly large orders from customers in some of our fastest growing markets. We have also seen an increase in customer orders from partners and resellers, specifically from our strategic partners in Germany, Sweden and the United Kingdom. Our European success, and our growth in North America, has us well positioned for continued revenue growth during 2002."
ON Command CCM was also named 2002 winner of the "Best Windows 2000 Third-Party Product" category by the Institute for International Research. The Institute sponsors an NT Forum and annually recognizes innovative products that have made a significant impact on IT administration. This year, ON Command CCM was chosen for its high customer satisfaction, rapid implementation cycle, and innovative capabilities for centralized configuration management.
About ON Technology Corporation
ON Technology empowers IT organizations and service providers to manage the full lifecycle of their computing systems over large-scale corporate networks. Our solutions are used to rapidly and reliably deploy critical applications, operating systems, and content to desktops, mobile PCs, handhelds, servers, retail point-of-sale (POS) terminals and banking workstations. Our customers leverage our solutions to significantly reduce IT costs, improve availability and reliability of business-critical applications, and enhance both IT and end-user productivity. ON's flagship product, ON Command CCM, has been sold to manage approximately 975,000 computing devices worldwide in over 650 global corporations. For more information, visit ON Technology's web site at www.on.com or call 800-767-6638.
ON Technology, the ON logo, and ON Command CCM are registered trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other marks are marks of their respective companies.
The statements in this news release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information please contact Michael Mason (Investors), +1-212-691-8087, michaelm@allencaron.com, or Kari Paskewicz (Media), +1-630-759-9640, kari@allencaron.com, both of Allen & Caron Inc, for ON Technology Corporation.
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SOURCE ON Technology Corporation
Company Reports 53 Percent Higher Revenue Compared to Year-Earlier Quarter,
Record Revenue for Flagship Product Line, and Continuing Profitability
WALTHAM, Mass., July 31 /PRNewswire-FirstCall/ -- ON Technology Corporation (Nasdaq: ONTC, news), a leading provider of enterprise infrastructure management solutions, today announced revenue and operating results for its second quarter and six months ended June 30, 2002. The Company announced record revenue for its flagship product line, ON Command CCM(R), as well as its third successive quarter of profitability.
For the second quarter, revenue was $8.9 million, an increase of 53 percent compared to second quarter 2001 revenue of $5.8 million. The Company reported an operating profit of $281 thousand, versus a year-earlier operating loss of $1.2 million. Net income for the quarter was $503 thousand or $0.02 per diluted share, versus a year-earlier net loss of $1.4 million or $0.09 per share.
"ON executed well at all levels in the second quarter, delivering against our financial targets and gaining market share in a challenging environment," said ON Technology Chairman, President and CEO Robert L. Doretti. "We are maintaining our projections for strong revenue growth and profitability for the fiscal year."
Doretti continued, "One hundred customers purchased ON Command CCM during the quarter, in a range of industries across both North America and Europe. These customers chose our solutions because they deliver rapid return-on- investment as well as long-term strategic value. We are well-positioned for continuing success due to our unique technology and ability to solve business- critical infrastructure problems for large, distributed enterprises."
New customers added in the quarter include New York Life Insurance Company, National Eye Institute, U.S. Missile Defense Agency, Covansys, Virage Logic, Athens Regional Medical Center, Amersham plc, NDR (German broadcaster), and Scania Trucks. The Company also received repeat orders from existing customers including SunTrust Banks, T-Systems, National Australian Bank, Swiss International Air Lines, Fujitsu Services, and Siemens Business Services.
Other highlights of the quarter included:
-- Announcement and shipment of the ON Command MSI Wizard V2.0, a
breakthrough solution for packaging and deploying next-generation
Microsoft Windows(R) 2000 and Windows XP applications.
-- A technology alliance with Wise Solutions Inc, through which ON and
Wise have integrated their respective development tools in order to
simplify the re-packaging and deployment of legacy corporate
applications during enterprise-wide Windows 2000 and XP roll-outs.
For the six months ended June 30, 2002, revenue was $17.1 million, an increase of more than 54 percent from the year-earlier period of $11.1 million. The Company reported an operating profit of $673 thousand, versus a year-earlier operating loss of $3.3 million. Net income for the period was $593 thousand or $0.02 per diluted share, versus a year-earlier net loss of $5.1 million or $0.33 per share.
About ON Technology Corporation
ON Technology empowers IT organizations and service providers to manage the full lifecycle of their computing systems over large-scale corporate networks. Our solutions are used to rapidly and reliably deploy critical applications, operating systems, and content to desktops, mobile PCs, handhelds, servers, retail point-of-sale (POS) terminals and banking workstations. Our customers leverage our solutions to significantly reduce IT costs, improve availability and reliability of business-critical applications, and enhance both IT and end-user productivity. ON's flagship product, ON Command CCM, has been sold to manage approximately 975,000 computing devices worldwide in over 650 Global 2000 corporations. For more information visit ON Technology's web site at www.on.com or call 800-767-6638.
ON Technology, the ON logo, and ON Command CCM are registered trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other marks are marks of their respective companies.
The statements in this news release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, general economic conditions, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information, please contact Steven R Wasserman, Chief Financial Officer of ON Technology Corporation, +1-781-487-3330, swasserman@on.com; or investors, Michael Mason, +1-212-691-8087, michaelm@allencaron.com, or media, Kari Paskewicz, +1-630-428-9946, kari@allencaron.com, both of Allen & Caron Inc, for ON Technology Corporation.
ON Technology Corporation
Consolidated Condensed Statement of Operations
(Dollars in thousands, except share and per share data)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
2002 2001 2002 2001
Revenue:
Net CCM and
related
products $5,967 $3,450 $11,475 $6,584
CCM and related
service and
maintenance
revenue 2,884 1,883 5,606 3,906
Other -- 450 -- 568
Total revenue 8,851 5,783 17,081 11,058
Costs and Operating
Expenses
Cost of CCM and
related product
and service 1,915 1,174 3,689 1,975
Sales and marketing 3,139 3,030 6,152 6,106
Research and
development 2,028 1,973 4,004 4,141
General and
administrative 1,488 854 2,563 2,089
Costs and
operating
expenses 8,570 7,031 16,408 14,311
Income (loss)
from operations 281 (1,248) 673 (3,253)
Interest income,
net 28 47 35 97
Other income
(expense), net 419 (132) 315 (1,884)
Income (loss)
before income
taxes 728 (1,333) 1,023 (5,040)
Provision for
income taxes 225 33 430 33
Net income
(loss) $503 $(1,366) $593 $(5,073)
Basic net
income (loss)
per share $0.02 $(0.09) $0.03 $(0.33)
Diluted net
income (loss)
per share $0.02 $(0.09) $0.02 $(0.33)
Basic shares
used in per
share
calculation 23,168,551 15,330,647 22,981,984 15,322,949
Diluted shares
used in per
share
calculation 24,180,214 15,330,647 24,143,740 15,322,949
ON Technology Corporation
Consolidated Condensed Balance Sheet
(In Thousands)
(Unaudited)
June 30, December 31,
2002 2001
Assets:
Current Assets:
Cash and cash equivalents $10,577 $9,767
Restricted cash 1,069 1,069
Accounts receivable, net 7,459 5,964
Deferred tax assets- current portion 482 433
Prepaid expenses and other current assets 1,104 1,016
Total current assets 20,691 18,249
Property and equipment, net 1,091 1,006
Deferred tax assets - long term 482 433
Other assets and deposits 297 428
Total Assets $22,561 $20,116
Liabilities and Stockholders' Equity:
Current Liabilities:
Accounts payable $2,490 $2,435
Accrued expenses 4,867 4,345
Deferred revenue - short term 5,509 4,754
Total current liabilities 12,866 11,534
Deferred revenue - long term 96 --
Total Liabilities 12,962 11,534
Stockholders' Equity 9,599 8,582
Total Liabilities and Stockholders' Equity $22,561 $20,116
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SOURCE ON Technology Corporation
könnte sich schnell verdoppeln.
Noch ne kleine Company, hats aber in sich.
ON Technology Announces 100th New European Customer in 2002; Wins 'Best Windows 2000 Product' Award
Updated: Thursday, October 10, 2002 07:35 AM ET Printer-friendly version
Leading European Companies Including Visa International, Commerzbank, Toyota Motorsports, DaimlerChrysler, Hiscox Insurance, Getronics, Siemens Transit Telematic Systems AG and Swedish Courts Select ON Technology's Advanced Management Solution to Reduce IT Costs and Increase Customer Satisfaction
WALTHAM, Mass., Oct. 10 /PRNewswire-FirstCall/ -- ON Technology Corporation (Nasdaq: ONTC, news), a leading provider of enterprise infrastructure management solutions, today announced it has received its 100th new European customer order this year from Switzerland-based Siemens Transit Telematic Systems AG. The company also announced that it was named winner of the "Best Windows 2000 Third-Party Product" category by the Institute for International Research.
ON Technology has had strong success penetrating a range of European industries including financial services, manufacturing, media & entertainment, and the public sector. These customers chose ON Command CCM(R) to enhance the ongoing management of their mission-critical applications and security updates, to automate infrastructure upgrades to Windows(R) 2000 and Windows XP, and to implement one-click disaster recovery for enterprise PCs.
For example, the Northern German Broadcasting Association (NDR) is using ON Command CCM to manage and deploy Microsoft Windows XP, along with business-critical broadcasting applications, to 5,000 PCs in five separate locations across Germany. According to Frank Cordes, Project Manager for NDR, the ON management solution reduces the company's overall IT costs while improving service quality and operational security. Furthermore, ON's automated inventory solution provides additional savings by monitoring actual end-user software usage in order to minimize software licensing costs.
Unlike conventional management solutions that can only be used to deploy applications and content, ON Command CCM is the only enterprise-class system that offers end-to-end lifecycle management including unattended operating system deployments and disaster recovery. ON Command CCM also allows globally-distributed enterprises to manage all of their workstations from a single centralized console, including WAN-connected remote or mobile workstations as well as LAN-connected systems in corporate facilities.
Chairman, President and CEO Robert L. Doretti commented, "Europe has always been an important part of our business and we are particularly pleased by the new and increasingly large orders from customers in some of our fastest growing markets. We have also seen an increase in customer orders from partners and resellers, specifically from our strategic partners in Germany, Sweden and the United Kingdom. Our European success, and our growth in North America, has us well positioned for continued revenue growth during 2002."
ON Command CCM was also named 2002 winner of the "Best Windows 2000 Third-Party Product" category by the Institute for International Research. The Institute sponsors an NT Forum and annually recognizes innovative products that have made a significant impact on IT administration. This year, ON Command CCM was chosen for its high customer satisfaction, rapid implementation cycle, and innovative capabilities for centralized configuration management.
About ON Technology Corporation
ON Technology empowers IT organizations and service providers to manage the full lifecycle of their computing systems over large-scale corporate networks. Our solutions are used to rapidly and reliably deploy critical applications, operating systems, and content to desktops, mobile PCs, handhelds, servers, retail point-of-sale (POS) terminals and banking workstations. Our customers leverage our solutions to significantly reduce IT costs, improve availability and reliability of business-critical applications, and enhance both IT and end-user productivity. ON's flagship product, ON Command CCM, has been sold to manage approximately 975,000 computing devices worldwide in over 650 global corporations. For more information, visit ON Technology's web site at www.on.com or call 800-767-6638.
ON Technology, the ON logo, and ON Command CCM are registered trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other marks are marks of their respective companies.
The statements in this news release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information please contact Michael Mason (Investors), +1-212-691-8087, michaelm@allencaron.com, or Kari Paskewicz (Media), +1-630-759-9640, kari@allencaron.com, both of Allen & Caron Inc, for ON Technology Corporation.
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SOURCE ON Technology Corporation
Company Reports 53 Percent Higher Revenue Compared to Year-Earlier Quarter,
Record Revenue for Flagship Product Line, and Continuing Profitability
WALTHAM, Mass., July 31 /PRNewswire-FirstCall/ -- ON Technology Corporation (Nasdaq: ONTC, news), a leading provider of enterprise infrastructure management solutions, today announced revenue and operating results for its second quarter and six months ended June 30, 2002. The Company announced record revenue for its flagship product line, ON Command CCM(R), as well as its third successive quarter of profitability.
For the second quarter, revenue was $8.9 million, an increase of 53 percent compared to second quarter 2001 revenue of $5.8 million. The Company reported an operating profit of $281 thousand, versus a year-earlier operating loss of $1.2 million. Net income for the quarter was $503 thousand or $0.02 per diluted share, versus a year-earlier net loss of $1.4 million or $0.09 per share.
"ON executed well at all levels in the second quarter, delivering against our financial targets and gaining market share in a challenging environment," said ON Technology Chairman, President and CEO Robert L. Doretti. "We are maintaining our projections for strong revenue growth and profitability for the fiscal year."
Doretti continued, "One hundred customers purchased ON Command CCM during the quarter, in a range of industries across both North America and Europe. These customers chose our solutions because they deliver rapid return-on- investment as well as long-term strategic value. We are well-positioned for continuing success due to our unique technology and ability to solve business- critical infrastructure problems for large, distributed enterprises."
New customers added in the quarter include New York Life Insurance Company, National Eye Institute, U.S. Missile Defense Agency, Covansys, Virage Logic, Athens Regional Medical Center, Amersham plc, NDR (German broadcaster), and Scania Trucks. The Company also received repeat orders from existing customers including SunTrust Banks, T-Systems, National Australian Bank, Swiss International Air Lines, Fujitsu Services, and Siemens Business Services.
Other highlights of the quarter included:
-- Announcement and shipment of the ON Command MSI Wizard V2.0, a
breakthrough solution for packaging and deploying next-generation
Microsoft Windows(R) 2000 and Windows XP applications.
-- A technology alliance with Wise Solutions Inc, through which ON and
Wise have integrated their respective development tools in order to
simplify the re-packaging and deployment of legacy corporate
applications during enterprise-wide Windows 2000 and XP roll-outs.
For the six months ended June 30, 2002, revenue was $17.1 million, an increase of more than 54 percent from the year-earlier period of $11.1 million. The Company reported an operating profit of $673 thousand, versus a year-earlier operating loss of $3.3 million. Net income for the period was $593 thousand or $0.02 per diluted share, versus a year-earlier net loss of $5.1 million or $0.33 per share.
About ON Technology Corporation
ON Technology empowers IT organizations and service providers to manage the full lifecycle of their computing systems over large-scale corporate networks. Our solutions are used to rapidly and reliably deploy critical applications, operating systems, and content to desktops, mobile PCs, handhelds, servers, retail point-of-sale (POS) terminals and banking workstations. Our customers leverage our solutions to significantly reduce IT costs, improve availability and reliability of business-critical applications, and enhance both IT and end-user productivity. ON's flagship product, ON Command CCM, has been sold to manage approximately 975,000 computing devices worldwide in over 650 Global 2000 corporations. For more information visit ON Technology's web site at www.on.com or call 800-767-6638.
ON Technology, the ON logo, and ON Command CCM are registered trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other marks are marks of their respective companies.
The statements in this news release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, general economic conditions, development of markets for the Company's products and services and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For further information, please contact Steven R Wasserman, Chief Financial Officer of ON Technology Corporation, +1-781-487-3330, swasserman@on.com; or investors, Michael Mason, +1-212-691-8087, michaelm@allencaron.com, or media, Kari Paskewicz, +1-630-428-9946, kari@allencaron.com, both of Allen & Caron Inc, for ON Technology Corporation.
ON Technology Corporation
Consolidated Condensed Statement of Operations
(Dollars in thousands, except share and per share data)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
2002 2001 2002 2001
Revenue:
Net CCM and
related
products $5,967 $3,450 $11,475 $6,584
CCM and related
service and
maintenance
revenue 2,884 1,883 5,606 3,906
Other -- 450 -- 568
Total revenue 8,851 5,783 17,081 11,058
Costs and Operating
Expenses
Cost of CCM and
related product
and service 1,915 1,174 3,689 1,975
Sales and marketing 3,139 3,030 6,152 6,106
Research and
development 2,028 1,973 4,004 4,141
General and
administrative 1,488 854 2,563 2,089
Costs and
operating
expenses 8,570 7,031 16,408 14,311
Income (loss)
from operations 281 (1,248) 673 (3,253)
Interest income,
net 28 47 35 97
Other income
(expense), net 419 (132) 315 (1,884)
Income (loss)
before income
taxes 728 (1,333) 1,023 (5,040)
Provision for
income taxes 225 33 430 33
Net income
(loss) $503 $(1,366) $593 $(5,073)
Basic net
income (loss)
per share $0.02 $(0.09) $0.03 $(0.33)
Diluted net
income (loss)
per share $0.02 $(0.09) $0.02 $(0.33)
Basic shares
used in per
share
calculation 23,168,551 15,330,647 22,981,984 15,322,949
Diluted shares
used in per
share
calculation 24,180,214 15,330,647 24,143,740 15,322,949
ON Technology Corporation
Consolidated Condensed Balance Sheet
(In Thousands)
(Unaudited)
June 30, December 31,
2002 2001
Assets:
Current Assets:
Cash and cash equivalents $10,577 $9,767
Restricted cash 1,069 1,069
Accounts receivable, net 7,459 5,964
Deferred tax assets- current portion 482 433
Prepaid expenses and other current assets 1,104 1,016
Total current assets 20,691 18,249
Property and equipment, net 1,091 1,006
Deferred tax assets - long term 482 433
Other assets and deposits 297 428
Total Assets $22,561 $20,116
Liabilities and Stockholders' Equity:
Current Liabilities:
Accounts payable $2,490 $2,435
Accrued expenses 4,867 4,345
Deferred revenue - short term 5,509 4,754
Total current liabilities 12,866 11,534
Deferred revenue - long term 96 --
Total Liabilities 12,962 11,534
Stockholders' Equity 9,599 8,582
Total Liabilities and Stockholders' Equity $22,561 $20,116
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SOURCE ON Technology Corporation
