StockIceMan's Weekly Stock Pick
Week of
December 1st, 2003
| Stock: |
On2 Technologies,
Inc |
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|
| Ticker Symbol: |
ONT - Amex -
Computer Services |
| |
|
| Buy: |
1.50 to 1.60 |
| |
|
| Sell: |
3.00 + |
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|
| Info: |
On2
Technologies, Inc. is a video
compression technology firm. The
Company has developed a
proprietary technology platform
and video compression/decompression
software (codec) to deliver video
at the lowest possible data rates
to closed area networks, such as
set-top boxes, the Internet and
wireless devices. The Company
offers a suite of products and
services that encompass its
proprietary compression
technology. Its service offerings
include customized engineering
and consulting services,
technical support and high-level
video encoding. In addition, the
Company licenses its software
products, which include video and
audio codecs and encoding and
server software, for use with
video delivery platforms. The
Company's customers, and the
potential customers of its
resellers, typically are large
digital communication and media
companies, entertainment
companies, telecommunication
companies and other global
corporations that operate within
the digital media industry. |
| Financial
Info: |
For the
nine months ended 9/30/03,
revenues increased 17% to $3M.
Net loss fell 73% to $1.5 million. |
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|
| Key Ratios: |
Current
Ratio: 8.05; Total Debt/Equity: 0.20,
P/E: N/A, Price/Book: 30.60,
Price/Sales: 26.66 |
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|
| Share Info: |
There are 71.4
million shares outstanding with
66.01 million shares in the
trading float. Institutions own
approximately 7.06 % of the
shares outstanding. There has
been 1 insiders buying a total of
2,000 shares and 8 insiders
selling a toal of 1.72 million
shares in the last six months.
As of 10/10/2003, there were 530,000
shares short.
Net Institutional Selling: 525,000
shares: prior to latest quarter. |
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| Articles: |
BBC Television
Journalists Being Equipped with
QuickLink Technology Powered by
On2's VP6 Video Codec |
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