StockIceMan's Weekly Stock Pick
Week of
February 24th, 2003
| Stock: |
Scansoft, Inc. |
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| Ticker Symbol: |
SSFT - Nasdaq -
Software & Programming |
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|
| Buy: |
3.75 to 4.00 |
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|
| Sell: |
10.00 + |
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|
| Info: |
ScanSoft,
Inc. is a supplier of imaging,
speech and language solutions
that are designed to make
businesses more productive. The
Company's portfolio of solutions
and technologies automate a range
of manual processes to help
consumers, professionals and
enterprises save time, increase
productivity and improve customer
service. ScanSoft was
incorporated as Visioneer, Inc.
in March 1992, and through
December 1998, developed and sold
scanner hardware and software
products. On January 6, 1999,
Visioneer sold the hardware
business and the Visioneer brand
name to Primax Electronics, Ltd.,
and on March 2, 1999, Visioneer
acquired ScanSoft, in a cash
election merger, from Xerox
Corporation. The corporate entity
Visioneer survived the merger,
but changed its name to ScanSoft,
Inc. |
| Financial Info: |
For the nine
months ended 9/30/02, revenues
rose 77% to $78.2 million. Net
income totaled $1.9 million vs. a
loss of $14.5 million. |
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|
| Key Ratios: |
Current
Ratio: 1.78; Total Debt/Equity: 0.03,
P/E: N/A, Price/Book: 2.38, Price/Sales:
2.83 |
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|
| Share Info: |
There are 63.2
million shares outstanding with
27.2 million shares in the
trading float. 159 Institutions own
approximately 44.0 % of the
shares outstanding. There has
been 1 insider selling a total of
1.3 million shares in the last
six months.
As of 1/8/2003, there were 11.3
million shares short.
Net Institutional Buying: 2.54
million shares: prior to latest
quarter. |
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| Articles: |
Oxford University
Press Selects ScanSoft RealSpeak
to Teach Proper Pronunciation to
Language Students and Travelers |
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