Emerson Radio, strong buy, kaufen!

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eröffnet am: 29.01.03 19:33 von: Eskimato Anzahl Beiträge: 22
neuester Beitrag: 12.08.03 22:29 von: Dr.UdoBroemme Leser gesamt: 1951
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29.01.03 19:33 #1 Emerson Radio, strong buy, kaufen!
MSN hatte ich vorsorglich letzte Woche für 6,10 verkauft, heute gabs Zahlen, man weiss nie obs ne böse Überraschung gibt.
Bin jetzt aber wieder drin zu 6,70,denn die Zahlen haben mal wieder alles in den Schatten gestellt, die Party geht weiter.

Net Increase +281%! Kurziel 10 Dollar mindestens.



Emerson Radio Announces 2003 Third Quarter Financial Results; Net Revenues Increase 29%; Operating Income Jumps by over 281%  


PARSIPPANY, N.J., Jan 29, 2003 (BUSINESS WIRE) -- Both Segments Report Strong
Revenue Growth and Substantial Operating

Income Improvement; Earnings Per Share of $.12 Climbs 9% over Prior

Year Same Period

Emerson Radio Corp. (AMEX: MSN) today reported consolidated financial results for
the third quarter ended Dec. 31, 2002 of fiscal 2003.

Consolidated Results:

Emerson reported that consolidated revenues for the third quarter increased
29.3% to $91.3 million from $70.6 million in the comparable period last fiscal
year as a result of revenue increases in both operating segments. Operating
income increased 281.2% to $4.2 million from $1.1 million over last year's third
quarter reflecting strong performance in its consumer electronics segment and
continued improvement in its sporting goods segment. Net income for the third
quarter was $3.3 million or $.12 per diluted share, compared to $4.1 million or
$.11 per diluted share in the same period last year as Emerson continued to
record a non cash tax expense associated with the utilization of its substantial
net operating loss carry forwards in the current period not required in the same
year ago period. Additionally, last year's results included a one time $2.9
million gain from a legal settlement associated with the consumer electronics
segment not recognized this year.

For the first nine months of fiscal 2003, consolidated revenues increased 13.2%
to $293.6 million from $259.3 million for the same period of the previous year.
For the year-to-date, consolidated operating margins were 6.4%, up from 3.6% in
the comparable nine-month period in fiscal 2002. Operating and net income for
the current nine-month period increased to $18.7 million (100.1% increase) and
$11.9 million (7.5% increase), respectively, from $9.3 million and $11.1
million, respectively, in the same period last year. Earnings per share based on
operating income increased 182% to $.65 from $.23 for the year-to-date
nine-month period.

The Company also forecasts that full year fiscal 2003 revenues are expected to
increase by approximately 13% to $358 million over fiscal 2002 revenues of $318
million.

Consumer Electronics:

Third quarter revenues for Emerson's consumer electronics business increased
35.8% to $72.8 million from $53.6 million in the same period last year,
primarily due to increases in licensing revenues and unit sales of audio and
themed products offset by a slight decline in unit sales of microwave oven
products. Additionally, SG&A expenses for the third quarter declined to 7.4%
from 9.4% as a percentage of sales in last year's third quarter, primarily due
to reductions in advertising costs and salaries, as well as the recovery of
certain receivables. Operating margins continue to run ahead of the comparable
prior year period improving to a record 9.2% ($6.7 million) in the third quarter
from 8.0% ($4.3 million) one year earlier, mainly due to the ability to increase
revenues while holding SG&A costs in check.

Third quarter net income for the consumer electronics segment was $4.6 million
as compared to $6.2 million in the same period of the previous year. Unlike the
comparable prior year third quarter, the current year third quarter results
include charges associated with non cash tax net operating losses and do not
include a $2.9 million one-time gain from the favorable settlement of litigation
included one year earlier.

Licensing revenues have continued to move strongly ahead of last year's levels.
As such, year-to-date licensing revenues increased 50% to $7.5 million from $5.0
million for the first nine months of fiscal 2002. Year to date operating margins
and earnings continue to run ahead of prior year levels as operating income
increased to $20.5 million (9.2% of net revenues) from $13.2 million (7.1% of
net revenues).

Geoffrey P. Jurick, Chairman & Chief Executive Officer of Emerson Radio, stated,
"We are pleased to report that Emerson performed exceptionally well for this
quarter again due to the continued success of our various license arrangements
and solid sales growth in our core products. Additionally, themed product
revenues continued to expand with a wider array of product placements being made
available through our recently introduced Girl Power(TM) branded products."

Kenneth A. Corby, Executive Vice President and Chief Financial Officer added,
"This is yet another record quarter for the consumer electronics segment in
which we earned 9.2% operating income as a result of solid revenue growth and
continued cost containment. Barring any negative impacts from economic and
political developments, we remain confident that our objective of improved
margins and revenue growth for the year as a whole will be achieved."

Sporting Goods:

Third quarter revenues in the sporting goods segment, traditionally the weakest
period, increased 8.7% to $18.5 million from $17.0 million in the same period of
the prior year. The Company pointed to recovering revenues from government,
youth and school sales and a continued migration of revenues to its Internet
sites primarily attributable to its associate programs. Additionally, gross
margins decreased to 27.4% from 28.4% in the same period of last year due to
competitive pressures and certain bid related sales. SG&A expenses as a percent
of revenues declined to 40.2% from 46.6% due to the continued favorable impact
of previously implemented programs. Lower payroll expenses, as a result of a
reduced headcount and a reduction in catalog, Internet and related expenses,
reduced facility and amortization charges, contributed to SSG's lower third
quarter SG&A expenses, which are down approximately $500,000 or 6% from last
year's comparable period and net losses decreased for the quarter to $2.3
million from $3.7 million.

On a year-to-date basis, revenues were $71.4 million as compared to $73.2
million for the same nine-month year-to-date period and gross margins improved
to 29.8% from 28.2% with SG&A expenses declining by $1.4 million or 5.6%. For
the year-to-date nine-month period, net losses were reduced to $2.1 million from
$4.4 million.

Mr. Jurick commented, "During the third quarter, SSG continued to improve as
indicated with a 9% increase in revenues, the continued reduction in SG&A
expenses and significant reduction in its operating losses. Furthermore, open
bookings, a measurement of orders received but not yet fulfilled, increased by
over 100% from the prior year giving us cause for continued optimism.
Additionally, the Associate Program continued to expand with more and more
organizations being given the opportunity to obtain products via on-line
ordering."

Mr. Corby explained, "SSG over the past several quarters continues to benefit
from the many strategic and operational initiatives previously implemented. Year
to date, margins continue to be ahead of prior year performance at all levels
and we look towards the fourth quarter with a focus on strengthening this
ongoing improvement. Sales continue migrating to SSG's electronic ordering
platforms which, in turn, offers us the opportunity for higher margins and the
possibility to further enhance brand loyalty with existing accounts and to
attract new customers."

Closing:

Mr. Jurick concluded, "Emerson's consolidated balance sheet remains strong with
substantial cash and liquidity available through its lending arrangements. Major
aspects of each segment continue to show continued strength. On-going business
development measures recently resulted in the signing of a letter of intent with
a major Chinese based retailer, which should offer Emerson significant new
revenue opportunities beginning in the next fiscal year. Cultivating this and
other international markets combined with the continued focus on the domestic
market leads us to believe fiscal 2004 will be another strong year. "

Investor Conference Call

Geoffrey P. Jurick, Chairman & Chief Executive Officer and Kenneth A. Corby,
Executive Vice President & Chief Financial Officer, will host a conference call
on Thursday, Jan. 30, 2003, at 10:00 a.m. ET, to discuss financial results and
corporate developments. The conference call will be broadcast live over the
Internet via the Investor Relations section of the Company's Web site at
www.emersonradio.com. To listen to the live call, go to the Web site at least 10
minutes early to download and install any necessary audio software. If you are
unable to listen live, the conference call will be archived and can be accessed
for approximately 90 days.

This press release, other than the historical information, consists of
"forward-looking statements" (as defined in the Private Securities Litigation
Reform Act of 1995) which are identified by the use of words such as "believes,"
"expects," "projects," and similar expressions. While these statements reflect
the Company's current beliefs and are based on assumptions that the Company
believes are reasonable, they are subject to uncertainties and risks that could
cause actual results to differ materially from anticipated results. These risks
and uncertainties are detailed from time to time in the Company's filings with
the Securities and Exchange Commission, including the Company's reports on Form
10-K, 10-Q and 8-K.

EMERSON RADIO CORP., founded in 1948, is headquartered in Parsippany, N.J. The
Company designs, markets and licenses, throughout the world, full lines of
televisions, and other video products, microwave ovens, clocks, radios, audio
and home theater products. Its 53.2% owned subsidiary, Sport Supply Group, Inc.
(OTC:SSPY) is a direct marketer of sports-related equipment and leisure products
to the institutional market, including schools, colleges, universities,
government agencies, military facilities, athletic clubs, athletic teams and
dealers, youth sports leagues and recreational organizations. Emerson's Web site
is www.emersonradio.com.



                EMERSON RADIO CORP. AND SUBSIDIARIES

               CONSOLIDATED STATEMENTS OF OPERATIONS

               (In thousands, except per share data)





                                  Three Months        Nine Months

                                      Ended              Ended

                                ----------------- -------------------

                                Dec. 31, Dec. 31, Dec. 31,  Dec. 31,

                                  2002     2001     2002      2001

                                -------- -------- --------- ---------



Net revenues                     $91,262  $70,611  $293,596  $259,307



Costs and expenses:



  Cost of sales                  73,068   55,470   230,310   208,305

  Other operating costs and

   expenses                       1,058      965     3,251     3,709

  Selling, general and

   administrative expenses       12,916   13,069    41,363    37,962

                                -------- -------- --------- ---------

                                 87,042   69,504   274,924   249,976

                                -------- -------- --------- ---------



Operating income                   4,220    1,107    18,672     9,331



  Interest expense, net            (406)    (844)   (1,981)   (2,707)

  Gain on litigation                 --    2,933        --     2,933

  Minority interest in net loss

   of consolidated

    subsidiary                    1,104    1,751       996     2,070

                                -------- -------- --------- ---------



Income before income taxes         4,918    4,947    17,687    11,627



  Provision for income taxes      1,640      816     5,797       564

                                -------- -------- --------- ---------



Net income                        $3,278   $4,131   $11,890   $11,063

                                ======== ======== ========= =========



Net Income per common share

  Basic                            $.12     $.13      $.43      $.35

                                ======== ======== ========= =========

  Diluted                          $.12     $.11      $.42      $.31

                                ======== ======== ========= =========



Weighted average number  of

common shares outstanding

  Basic                          27,129   31,274    27,835    31,320

                                ======== ======== ========= =========

  Diluted                        28,270   40,253    28,673    40,392

                                ======== ======== ========= =========




                EMERSON RADIO CORP. AND SUBSIDIARIES

                CONSOLIDATED SUMMARY BALANCE SHEETS

                           (In thousands)




                                                  Dec. 31,  March 30,

                                                    2002      2002

                                                  --------- ---------





Cash and cash equivalents                           $22,960   $19,228

Accounts receivable                                  22,545    29,401

Inventory                                            46,070    41,657

Other current assets                                  9,979    13,727

                                                  --------- ---------

    Total current assets                           101,554   104,013

Property and equipment                                9,926    11,116

Other assets                                         19,454    20,710

                                                  --------- ---------

    Total assets                                  $130,934  $135,839

                                                  --------- ---------



Current liabilities                                 $45,515   $54,723

Long-term borrowings                                 27,893    29,046

Minority interest                                    16,336    17,330

Stockholders' equity                                 41,190    34,740

                                                  --------- ---------

    Total liabilities and equity                  $130,934  $135,839

                                                  --------- ---------




CONTACT:          Emerson Radio Corp.

                 Kenneth A. Corby, 972/884-2302

                 or

                 Investor Relations:

                 Laura Boorn, 972/884-2302




(c) 2003 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.





KEYWORD:          NEW

                 JERSEY

SUBJECT CODE:     COMPUTERS/ELECTRONICS

                 CONFERENCE

                 CALLS

                 EARNINGS

                 SOURCE:

                 Emerson

                 Radio

                 Corp.




 

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29.01.03 21:31 #2 Das sieht gut aus...
Emerson Radio tunes into profits in Q3 (MSN) by Michael Baron
 
Emerson Radio (MSN) is advancing 66 cents, or 11.2 percent, to $6.57, after the Parsippany, N.J., maker of electronics products reported third-quarter earnings of $3.3 million, or 12 cents a share, down from its year-ago profit of $4.1 million, or 11 cents  a share. A single analyst polled by Thomson First Call was looking for a profit of a nickel per share from the company in the period. Revenue jumped 29 percent in the latest three months to $91.3 million from $70.6 million in the same period a year earlier. Looking ahead, Emerson Radio forecast revenue growth of 13 percent to roughly $358 million from its 2002 total of $318 million.

Mal sehen, ob die 7$ heute noch fallen.

 
29.01.03 21:40 #3 ääähm Doc, wir sind gerade bei 7!!!
...und ich depp hab es verpasst bei 6,60 zu kaufen...
jetzt will ich nimmer :-(  

Bewertung:

29.01.03 22:08 #4 Genau auf 7 geschlossen.
Aber hier bin ich noch am überlegen:

GrafTech Announces $500,000 Order from Ballard

       
    TUESDAY, JANUARY 28, 2003 9:04 AM
    - BusinessWire

   WILMINGTON, Del., Jan 28, 2003 (BUSINESS WIRE) -- GrafTech International Ltd.
   (GTI) , a leader in graphite and carbon science for over 100 years, today announced
   it has received an order valued at approximately $500,000 for GTI fuel cell products
   from Ballard Power Systems, under its existing supply agreement. The order
   provides for delivery over the next 6 months and will support the demand for
   Ballard's Mark 902 fuel cell stack. The product ordered will be used by Ballard to
   fulfill its commitment to its automotive customers for both light-duty and heavy-duty
   fuel cells.

   As previously announced GRAFCELL(TM) advanced flexible graphite will be
   included in Ballard's fuel cells for DaimlerChrysler's Citaro buses and Mercedes
   Benz A Class fuel cell vehicles, Honda's recently announced FCX vehicle and
   Ford's Focus FCV.

   "We have enjoyed a strong partnership with Ballard, and are pleased to see the
   continued development of this exciting new market for our products," stated John
   Wetula, President, Advanced Energy Technology. "We believe that this order,
   along with increased fuel cell activities worldwide, exemplifies the industry's
   increased confidence in the commercialization opportunities for automotive fuel cell
   applications."

   GrafTech International Ltd. is one of the world's largest manufacturers and providers
   of high quality natural and synthetic graphite and carbon based products and
   services, offering energy solutions to industry-leading customers worldwide
   engaged in the manufacture of steel, aluminum, silicon metal, automotive products
   and electronics. We have 13 manufacturing facilities in 7 countries and are the
   leading manufacturer in all of our major product lines. We produce graphite
   electrodes that are consumed primarily in the production of steel in electric arc
   furnaces, the steel making technology used by all "mini-mills," and for refining steel
   in ladle furnaces. We also produce carbon electrodes that are consumed in the
   manufacture of silicon metal and cathodes that are used in the production of
   aluminum. In addition, we develop and manufacture natural graphite for use in
   materials and components for proton exchange membrane fuel cells and fuel cell
   systems, thermal interface products for computer, communications and other
   applications, fire retardant products for transportation applications and building and
   construction materials applications, industrial thermal management products for
   high temperature process applications, and conductive products for batteries and
   supercapacitor power storage applications. GRAFCELL(TM), GRAFGuard(TM),
   GRAFOIL(R), GRAFSHIELD(TM) and eGraf(TM) are our trademarks. For additional
   information on GrafTech International, call 302-778-8227 or visit our website at
   www.graftechinternational.com. For additional information on our subsidiary,
   Advanced Energy Technology Inc., call 216-529-3777 or visit its website at
   www.graftech.com. For additional information on our High Tech High Temp
   business unit, call 216-676-2100 or visit its website at www.HT2.com

SL kurz unter den Support bei 4$ - dann kann eigentlich nicht viel schiefgehen.

 
04.02.03 01:06 #5 First-henri,hier auch 52 Wochen-High.
Gruss E.  
04.02.03 18:56 #6 Und buju?
MSN gabs am nächsten Tag nochmal für 6.60...



 
04.02.03 19:43 #7 Hmmm...
ON Technology to Report Record Fourth Quarter Revenue
Tuesday February 4, 7:35 am ET

Company Announces Date of Earnings Release and Conference Call

WALTHAM, Mass., Feb. 4 /PRNewswire-FirstCall/ -- ON Technology Corporation (Nasdaq: ONTC - News), a leading provider of enterprise infrastructure management solutions, announced that it expects to report record revenue of approximately $9.2 million as a result of strong sales and new customer wins for the fourth quarter ended December 31, 2002.

Chairman, President and CEO Robert L Doretti commented, "We are pleased that the Company expects to report its  strongest quarter to date. Looking towards 2003, we expect to continue to grow our market share by focusing on select industries with remote locations and by providing software solutions for managing any function of any device over any network."

The Company also said that its fourth quarter 2002/year-end  earnings press release will be issued on Monday, February 10, 2003, at 7:35 a.m. EST.



Etwas ungwöhnlich ein paar Tage vor den offiziellen Zahlen schonmal die Neuigkeiten auszuposaunen oder? Was soll man davon halten?


 
04.02.03 19:57 #8 BLTI...


10:46AM Biolase Technology receives FDA approval for laser apicoectomy surgery (BLTI) 7.31 +0.38: Apicoectomy surgery, a treatment for root canal infections and complications, includes cutting gum flaps, bone and the apex of the tooth to access the infected area.


 
10.02.03 21:09 #9 Schönes Intraday-Reversal bei MSN
Standen schon bei 6,30$...




 
12.08.03 21:09 #10 Puh - MSN verliert fast 50%
Volumen über 2 Mio - normal 170.000

Irgendwie kommen die Zahlen nicht so richtig gut an.



 
12.08.03 21:13 #11 'ne Speku wert Doc ?
Was meinst Du ?

Greetz f-h  
12.08.03 21:15 #12 Bei dem Volumen bekomme ich kalte Füße
Mir ist das vorerst zu riskant - lieber mal abwarten, wo der Boden ist.



 
12.08.03 21:18 #13 OK, ich hab' zur Zeit kein Händchen für die US.
Ich lass dann auch mal die Finger weg

Thanx f-h  
12.08.03 21:27 #14 Aus increase wurde kräftiger decrease
Böse Falle. Demke auch, nicht ins fallende Messer...

Gruss E.

Emerson Radio Announces Fiscal 2004 First Quarter Financial Results  


PARSIPPANY, N.J., Aug 12, 2003 (BUSINESS WIRE) -- Emerson Radio Corp.
(AMEX: MSN) today reported consolidated financial results for the first quarter
of fiscal 2004.

Segment Highlights:



                               Three Months         Three Months

In Thousands                    Ended 6/30/03        Ended 6/30/02

                            -------------------- --------------------

                             Consumer   Sporting  Consumer   Sporting

                            Electronics  Goods   Electronics  Goods

                            ----------- -------- ----------- --------



Net revenues                    $31,637  $25,961     $56,808  $26,773

Operating income (loss)           $(364)    $320      $5,054     $513

Net Income (loss)                 $(506)    $115      $2,548  $(7,232)



Consumer Electronics Segment - Revenue Decline

Net Revenues decreased 44.3% to $31.6 million from $56.8 million due to a
decline in revenues in all product categories, a decline in licensing revenues
and increases in product returns. Gross margins decreased to 15.9% in the
current quarter from 18.1% in the same year over year period associated with
gross margin improvements in audio products more than offset by declines in
microwave oven products and the decline in sales of higher margin themed
products. A net loss of $506,000 was incurred for the three month period as
compared to net income of $2.5 million for the same year ago period.

Geoffrey P. Jurick, Chairman & Chief Executive Officer of Emerson Radio, stated,
"Our consumer electronics segment was impacted by the prolonged slow down in
consumer spending in our industry. Store closures by K mart negatively affected
revenues compared to last year's levels with fewer sell through locations for
our products. This, combined with reductions in inventory levels maintained by
some of our larger accounts in a shift to more just-in-time stocking further
contributed to the revenue decline. Additionally, uncertainties concerning of
the Iraq war and the SARS outbreak affected our business domestically as well as
internationally."

Mr. Jurick continued, "Efforts to expand Emerson's revenues through product
placements into the European market and through business development in Asia
remain a substantial priority with promising opportunities internationally.
Domestically, we are seeing the early benefits of product placements with
additional accounts including Walgreens, Eckerds Drugstores and Musicland.
Furthermore, we enthusiastically expect to launch our new Nickelodeon themed
products to contribute further to the success of this line-up. Just recently, we
successfully expanded this category to include additional popular products."

Sporting Goods Segment

Sport Supply Group's ("SSG") gross margins decreased to 28.4% from 30.4% as a
result of increased competition and market pressure resulting in reduced
pricing. At the same time, first quarter S,G&A decreased by $572,000 from the
same period last year stemming from the impact of previously implemented cost
reduction measures. SSG's operating income declined to $320,000 in the current
first quarter from $513,000 in last year's first quarter.

Discussing SSG's performance, Mr. Jurick continued, "SSG's financial results are
reflective of competitive pressures in the marketplace and the general slowdown
in school and youth organization funding. A portion of revenues this period were
subject to competitive bidding process that negatively affected SSG's margins
and to overall competitive pressures in various other categories. We believe the
continued strategic initiatives to migrate production towards more efficient
Asian and domestic based manufacturers will counteract the effects of such
margin reductions."

Consolidated Results

Kenneth A. Corby, Executive Vice President & Chief Financial Officer stated,
"This has been a difficult quarter due to the continued economic slowdown and
various other international factors. This being said, we were successful in
improving several of our key financial ratios in year to year comparisons
through relentless management of our assets as reflected in a strengthened
balance sheet. This included an improvement in working capital ratios and more
notably continued debt to equity leverage reductions. From an income statement
perspective, revenue and margin declines were met with reductions in SG&A
expenditures in both segments not including attempted acquisition related costs.
Previously initiated strategic programs reduced SSG's SG&A costs during the
current period and we expect this to continue in future quarters."

Mr. Corby concluded, "It is too difficult to comment on the full year due to the
uncertainties being brought about by prolonged and continued economic pull back
in consumer spending and by continued conservative retailer buying patterns.
Recent statistical data suggest tax cuts, tax refund checks and cautious
spending by consumers on lower priced products is beginning to look positive. We
expect September quarter revenues to be lower than last year's same period
strong revenues due to these various factors."

Investor Conference Call

Geoffrey P. Jurick, Chairman & Chief Executive Officer and Kenneth A. Corby,
Executive Vice President & Chief Financial Officer, will host a conference call
on Tuesday, August 12, 2003, at 10:00 a.m. ET, to discuss financial results and
corporate developments. The conference call will be broadcast live over the
Internet via the Investor Relations section of the Company's web site at
www.emersonradio.com. To listen to the live call, go to the web site at least 15
minutes early to download and install any necessary audio software. If you are
unable to listen live, the conference call will be archived and can be accessed
for approximately 30 days.

This press release other than the historical information, consists of
"forward-looking statements" (as defined in the Private Securities Litigation
Reform Act of 1995) which are identified by the use of words such as "believes,"
"expects," "projects," and similar expressions. While these statements reflect
the Company's current beliefs and are based on assumptions that the Company
believes are reasonable, they are subject to uncertainties and risks that could
cause actual results to differ materially from anticipated results. These risks
and uncertainties are detailed from time to time in the Company's filings with
the Securities and Exchange Commission, including the Company's reports on Form
10-K, 10-Q and 8-K.

EMERSON RADIO CORP., founded in 1948, is headquartered in Parsippany, N.J. The
Company designs, markets and licenses, throughout the world, full lines of
televisions, and other video products, microwave ovens, clocks, radios, audio
and home theater products. Its 53.2% owned subsidiary, Sport Supply Group, Inc.
(OTC:SSPY) is a direct marketer of sports-related equipment and leisure products
to the institutional market, including schools, colleges, universities,
government agencies, military facilities, athletic clubs, athletic teams and
dealers, youth sports leagues and recreational organizations. Emerson's web site
is www.emersonradio.com.



                EMERSON RADIO CORP. AND SUBSIDIARIES

                 CONSOLIDATED SUMMARY OF OPERATIONS

                           (In thousands)

                                             Three Months Ended

                                        -----------------------------

                                           June 30        June 30

                                        -------------  --------------

                                            2003           2002

                                        -------------  --------------



Net revenues                                  $57,598         $83,581

Costs and expenses:

  Cost of sales                               45,189          65,180

  Other operating costs and expenses           1,256           1,297

  Selling, general & administrative

   expenses                                   11,197          11,537

                                        -------------  --------------

                                              57,642          78,014

                                        -------------  --------------



Operating income (loss)                           (44)          5,567



  Interest expense, net                         (414)           (787)

  Minority interest in net income

   of consolidated subsidiary                    (54)            (98)

                                        -------------  --------------



Income before income taxes and

cumulative effect of change in

accounting principle                            (512)          4,682

Provision (benefit) for income taxes              (67)          2,022

                                        -------------  --------------



Income (loss) before cumulative effect of

change in accounting principle                  (445)          2,660

                                        -------------  --------------



Cumulative effect of change in

accounting principle                              --          (5,546)



Net loss                                        $(445)        $(2,886)

                                        =============  ==============



Basic net income (loss) per share

Income (loss) before cumulative effect of

change in accounting principle                 $(.02)           $.09

Cumulative effect of change in accounting

Principle                                        $--           $(.19)

                                        -------------  --------------

                                               $(.02)          $(.10)

                                        =============  ==============

Diluted net income (loss) per share

Income (loss) before cumulative effect of

change in accounting principle                 $(.02)           $.09

Cumulative effect of change in accounting

Principle                                        $--           $(.16)

                                        -------------  --------------

                                               $(.02)          $(.07)

                                        =============  ==============

Weighted shares outstanding

  Basic                                       27,416          29,444

                                        =============  ==============

  Diluted                                     28,482          35,025

                                        =============  ==============





                EMERSON RADIO CORP. AND SUBSIDIARIES

                CONSOLIDATED SUMMARY BALANCE SHEETS

                           (In thousands)



                                              June 30,      March 31,

                                                2003          2002

                                            ------------  -----------



Cash and cash equivalents                         $3,698      $11,413

Accounts receivable                               29,505       24,593

Inventory                                         54,812       45,177

Other current assets                              14,060       16,586

                                            ------------  -----------

    Total current assets                        102,075       97,769

Property and equipment                             9,367        9,823

Other assets                                      26,272       26,970

                                            ------------  -----------

    Total assets                               $137,714     $134,562

                                            ------------  -----------



Current liabilities                              $51,154      $48,668

Long-term borrowings                              19,068       18,079

Minority interest                                 16,636       16,578

Stockholders' equity                              50,856       51,237

                                            ------------  -----------

    Total liabilities and equity               $137,714     $134,562

                                            ------------  -----------

SOURCE: Emerson Radio Corp.



CONTACT:          Emerson Radio Corp.

                 Kenneth A. Corby, 972-884-2302

                 or

                 Investor Relations:

                 Laura Boorn, 972-884-2302



URL:              http://www.businesswire.com

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KEYWORD:          NEW JERSEY


 
12.08.03 21:29 #15 Thanx Eskimato,
hab' kein glückliches Händchen derzeit bei den Amis, deshalb verlasse ich mich jetzt auf Euch !

Greetz f-h  
12.08.03 21:47 #16 Radio?
Jetzt SIRI kaufen? oder doch nicht?

QADSAN  
12.08.03 21:48 #17 Dann nimm mal
TASR,CYD,LGTO,BDY,STCR,EDET,ASPT,etc. auch in die WL. Unsere PMTI sind übrigens schon über 7 Dollar, GENR über 3 Dollar.
Na, es kann nicht alles immer klappen, aber in der Regel war Dein Händchen gut, es gibt auch schlechte Tage.
Zockts Du mit 818512 oder 818544. Infineon will nach oben, das Scheinchen war mein Bringer die letzten 2 Tage.

Gruss E.
 
12.08.03 21:59 #18 Legato soll doch von EMC übernommen werden.
0.9 Shares of EMC/Share. Der Kurs wird sich wohl weitgehend an dem von EMC orientieren.

The deal calls for Legato holders to receive 0.9 of an
EMC share for each share of Legato, a 16 percent  premium to Legato's Monday closing price of $9.10 a share. EMC officials said they intend to keep the Legato brand name and operate the company out of its current headquarters in Mountain View, Calif.



 
12.08.03 22:08 #19 Übernahmen sind oft ne lukrative Angelgenheit.
Peoplesoft wollte sich nicht schlucken lassen für nen Butterbrot von Oracle.
Wenn ich mir im DAX anschaue wie MAN nach den Gerüchten über die Übernahme der LKW-Sparte durch VW abgegangen ist...
Hab im Board nie ganz verstanden, warum die Jungs bei PRO 7 zu 6 raus sind, der Saban hatte defintiv 7,50 pro Aktie geboten, da stehen sie jetzt und nen bissschen höher.
Also was bietet EMC für LGTO, bin gar nicht hundertprozentig informiert.

Gruss E.  
12.08.03 22:15 #20 Hast du GLGS gesehen?


Float:  26.3M

Ohne News jede zweite Aktie umgesetzt?????

EMC bietet nur eigene Aktien - siehe oben  
12.08.03 22:21 #21 Bin erst seit 40 Minuten wieder zu Hause.
Hab also noch nicht viel gesehen, aber in einer halben Stunde bin ich im Bilde.
Wir haben so manchen Ausbruch besprochen die letzte Tage, in der Regel war es ganz gut, nicht mit reinzuspringen, sondern auf nen Einstiegskurs zu warten. Denke an TRAC oder SWTX oder DFCT odr GIGM oder...
Also GLGS schau ich mir nachher an, steht noch nen bisschen Arbeit und vielleicht ein paar Postings an.

Gruss E.  
12.08.03 22:29 #22 Oder Viewpoint
   Technology Veteran Jay S. Amato Takes Helm at Viewpoint
   Corporation

     
    MONDAY, AUGUST 11, 2003 8:32 AM
    - BusinessWire

NEW YORK, Aug 11, 2003 (BUSINESS WIRE) -- Viewpoint Corporation (VWPT) , a leading provider of interactive media technology and services, whose software reaches more than 100 million Web users, today announced that Jay S. Amato has been appointed Chief Executive Officer. Bob Rice, current President and Chief Executive Officer, will become Executive
Chairman. Best known for his successful tenure as President and Chief Operating Officer at Vanstar and leadership of the Technology Access Action Coalition/ACT, Amato has been a prominent thought leader in the technology sector for more than 20 years.

"Jay's impressive track record of developing revenue growth, building strategic partnerships with technology leaders and his visionary outlook made him the ideal candidate," said Viewpoint Board Member, Stephen Duff.

While at Vanstar, Amato transformed the company from a $25 million retail computer franchiser to a leading technology services company, serving the corporate marketplace with nearly $3 billion in revenue. He led this remarkable growth by successfully integrating a series of early acquisitions and building a business model that fueled internal growth.

"I am excited by the prospects of expanding Viewpoint into new markets. The company has spent its early years perfecting its landmark technology and now it's time to raise our visibility," said Amato. "Viewpoint's Media Player reaches more than 100 million Web users, eclipsing Apple's QuickTime(R) and approaching Microsoft's Windows Media(R) Player in market penetration. I am convinced aggressive operational and marketing initiatives will beckon a new era for the company."

Following his tenure at Vanstar, Amato led the formation of Technology Access Action Coalition/ACT, a Washington-based organization of technology luminaries whose mission was to  promote innovation and growth in the technology sector. Most recently, he served as a principal with the Flatiron Group in New York, a business strategy and planning advisory service.

"Bob will now be free to focus exclusively on strategic relationship development, building on our success in that area," said Duff.

   About Viewpoint

   Viewpoint Corporation (VWPT) is a leading provider of interactive media technology and
   services for online advertising, website marketing and enterprise applications. Industry leading
   and Fortune 500 companies worldwide currently license its interactive media platform, Viewpoint
   Media Player. The Viewpoint platform enables marketers to evoke response with greater visual
   realism, engage users with superior interactivity and educate consumers through product
   interaction to convey a compelling, consistent brand story across their media mix. Headquartered
   in New York, the Company also has offices in Los Angeles, London and San Francisco and sales
   presence in Chicago and Detroit. Visit Viewpoint at http://www.viewpoint.com.

   This press release may contain "forward-looking" statements as that term is defined in the
   Private Securities Litigation Reform Act of 1995 and similar expressions that reflect Viewpoint's
   current expectations about its future performance, and are subject to risks, uncertainties and
   other factors that could cause Viewpoint's actual performance to differ materially from those
   expressed in, or implied by, these forward-looking statements. These risks, uncertainties and
   factors include those described in the Company's filings and reports on file with the Securities
   and Exchange Commission as well as the lack of assurances that Viewpoint will reach cash flow
   break even in the current quarter, maintain or increase its current contract volume throughout the
   year, or receive expected revenues from its strategic partners, that Samsung will deploy
   additional content over its vast network of affiliate web sites, or that Viewpoint will soon launch its
   video capability.


 



Wohl wahr. TRAC hat ja heute auch enttäuscht.  
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