Madge Networks N.V. Fourth Quarter and Fiscal 2000 Results - 500 Beiträge pro Seite

[WIRE]

Press Release

Madge Networks N.V. Fourth Quarter and Fiscal 2000 Results

AMSTERDAM, The Netherlands--(BUSINESS WIRE)--March 7, 2001--Madge Networks N.V. (NASDAQ NM:MADGF - news), a global network solutions provider, today announced results for its fourth fiscal quarter and full financial year ended December 31, 2000.(A)

Operating highlights at Madge Networks companies during the fourth quarter include:

Madge.web(TM) expands European operations with opening of Amsterdam regional office to manage sales, marketing, consultancy and support in the Netherlands, Belgium and Luxembourg;
Madge.web and Magnifi form strategic alliance to provide global businesses with rich content management and marketing collaboration solutions;
Madge.connect(TM) continues progress on cost reduction and gross margin improvement, significantly increasing EBITDA from previous quarter;
Red-M(TM) launches world`s first Bluetooth(TM) networking product solution for delivery of next generation mobile services across a wide range of applications;
Red-M to provide Toshiba with core BIAS(TM) (Bluetooth Internet Access Server) software technology and Red-M 1000AP access point products, enhancing Toshiba`s personal connectivity solutions for its customers; and
Red-M wins PC Magazine`s 2000 Technical Innovation Award for pioneering Bluetooth technology.
Madge Networks revenues for the fourth quarter were US$33.6 million, compared to revenues from continuing operations for the third quarter of $34.3 million and revenues from continuing operations for the fourth quarter of 1999 of $47.1 million. Revenues from continuing operations exclude results of the Video Networking business sold by Madge.connect in the third quarter of 2000. The net loss for the fourth quarter was $17.3 million, or $(0.32) per share, compared to a net loss from continuing operations of $21.0 million, or $(0.45) per share, for the third quarter of 2000. The net loss from continuing operations for the fourth quarter of 1999 was $4.7 million, or $(0.12) per share.

For the 2000 fiscal year Madge reported revenues from continuing operations of $146.4 million, compared to revenues from continuing operations of $176.9 million for the twelve months ended December 1999. The net loss from continuing operations for 2000 was $76.1 million, or $(1.63) per share, against a comparable net loss of $33.1 million, or $(0.82) per share, for 1999.

Including discontinued operations, Madge Networks revenues for the fourth quarter of 2000 were $33.6 million, compared to third quarter revenues of $37.3 million and revenues of $51.8 million for the fourth quarter of 1999. The net loss for the quarter was $18.0 million, or $(0.34) per share, compared to a net loss of $21.7 million, or $(0.46) per share, for the third quarter of 2000. The net loss for the fourth quarter of 1999 was $5.3 million, or $(0.13) per share.

For the 2000 fiscal year Madge reported revenues of $156.5 million, compared to $196.2 million for the twelve months ended December 1999. The net loss for the year ended December 2000 was $77.7 million, or $(1.67) per share, compared to a net loss of $40.3 million, or $(1.00) per share, for 1999.

Madge Networks ended the fourth quarter with $37.8 million in cash, including $4.9 million that is restricted. During the first quarter of 2001, the Company has received $8.2 million in cash from a major supplier as performance related consideration on a business we sold to them in 1998. The Company believes that its cash position and currently available lines of credit are sufficient to cover its growth plans for the first half of 2001. The Company will need to raise additional funding by the third quarter of 2001 to enable it to continue under its existing plans. The Company is actively pursuing private equity financing for both the Red-M and Madge.web businesses, and believes it is well advanced in achieving funding for Red-M. If sufficient financing directly into the businesses cannot be secured, the Company will modify its plans or pursue other options, such as to sell some of its holdings, shares in its subsidiaries or shares in the Company itself, in order to raise funds.

(A) For the purposes of presentation, the Company has indicated its fiscal quarters within the year as ending on the calendar month end, whereas, in fact, the Company operates on the basis of thirteen-week financial quarters.
Madge.web


Financial Highlights Three months ended
(Unaudited, in thousands) Dec. 31, Sep. 30,
2000 2000

Sales $7,064 $8,261
Gross loss $(10,203) $(7,188)
EBITDA (loss) $(18,695) $(15,716)

Twelve months ended
Dec. 31, Dec. 31,
2000 1999

Sales $30,632 $27,359
Gross loss $(29,351) $(5,718)
EBITDA (loss) $(62,099) $(35,191)

Quarterly highlights and recent developments

Madge.web is a global provider of rich content applications, content distribution and managed network services. Madge.web revenues for the fourth quarter were $7.1 million, compared with third quarter revenues of $8.3 million. EBITDA loss was $18.7 million in the quarter. Fourth quarter results reflect market conditions that impacted customer purchasing decisions, and some delay in Internet-related spending. Revenues and EBITDA losses were also impacted by tariff reductions and exceptional credit notes. Revenues for our advanced IP-based network and application services increased 25 per cent to $1.0 million in the fourth quarter. For the 2000 fiscal year Madge.web reported revenues of $30.6 million, compared to $27.4 million for 1999. EBITDA loss for 2000 was $62.1 million.

During the fourth quarter, Volendam Investeringen N.V. finalized its previously announced commitment to purchase $30 million of convertible preferred shares of Madge.web.

``Although quarter four was difficult, and we are having to be more cautious about the speed with which our business will build in 2001, we are continuing to pursue our growth strategy,`` said Robert Madge, CEO, Madge.web. ``During the quarter, we significantly enhanced our infrastructure and strengthened our organization to deliver rich content management and distribution services that help companies successfully implement e-business strategies by maximizing the value of their digital assets. Working with our strategic partner Inktomi, we have rolled out our Content Distribution Network to 21 sites in 15 countries -- running on our private, high-performance Overnet, which bypasses congestion points on the public Internet. We have brought in additional experienced management, and have opened offices in all major European countries to complement our operations in Asia and the U.S. We are now ready to leverage the significant assets we have deployed, and have put a total of 40 quota-carrying sales people to work to translate our investments into orders.``

Madge.connect - continuing operations(B)

Financial Highlights Three months ended
(Unaudited, in thousands) Dec. 31, Sep. 30,
2000 2000

Sales $26,532 $26,043
Gross profit $14,088 $11,624
EBITDA $10,182 $4,756

Twelve months ended
Dec. 31, Dec. 31,
2000 1999
Sales $115,802 $149,509
Gross profit $55,990 $77,480
EBITDA $21,450 $5,975


(B) September 30, 2000 Quarter results are restated for the sale of

Madge.connect`s Video Networking business, disposed of in the

third quarter.

Quarterly highlights and recent developments

Madge.connect is a global supplier of mission critical Token Ring LAN product solutions for enterprises, and is the market leader in Token Ring. Madge.connect revenues for the fourth quarter were $26.5 million, compared with revenues from continuing operations of $26.0 million for the third quarter of 2000. Revenues from continuing operations exclude results of the Video Networking business sold by Madge.connect in the third quarter of 2000. EBITDA was $10.2 million for the quarter, compared to EBITDA from continuing operations of $4.8 million for the third quarter of 2000. For the 2000 fiscal year, Madge.connect reported revenues from continuing operations of $115.8 million, against a comparable $149.5 million for the twelve months ended December 1999. EBITDA from continuing operations was $21.5 million for the year ended December 2000. ``We are very pleased by the improved performance of our Madge.connect business,`` said Chris Bradley, Chief Financial Officer of Madge Networks. ``While we benefited from some non-recurring gains in the fourth quarter, the underlying profitability and cash generation of Madge.connect have significantly improved sequentially.``

Red-M

Red-M is a pioneering developer of Bluetooth networking product solutions. EBITDA loss was $4.5 million in the fourth quarter compared to $3.5 million in the third quarter of 2000, reflecting continued investment in Research & Development. During the fourth quarter Red-M announced partnerships with Toshiba and a number of companies including Extended Systems, Insite and Key Tools. ``In October we announced the world`s first Bluetooth networking product solution. We shipped products for proof of concept in the fourth quarter, although we did not recognize revenue in the quarter,`` said Michael Wilson, CEO, Red-M. ``At the core of our product range is our proprietary Bluetooth Internet Access Server, or BIAS, software technology that enables the implementation of a secure and fully managed Bluetooth network infrastructure. We are now focused on rolling out end-user installations.``

Conference Call

Investors will have the opportunity to listen to management`s discussion of its fourth quarter 2000 results in a conference call to be held on Thursday, March 8 at 8:30 a.m. (Eastern Time) over the Internet. To listen to the live call please go to our web site, www.madge.com, at least fifteen minutes early to register, download, and install any necessary audio software. A replay of the conference call will be available on March 8 by dialing 800-633-8284 (858-812-6440 for international callers), reservation #18127913, or by visiting our web site.

About Madge Networks N.V.

Madge Networks N.V. (NASDAQ NM:MADGF - news) is a global provider of advanced Internet-centric network services and products, and mission-critical enterprise solutions. The company operates through three primary subsidiaries: Madge.web, a global provider of rich content applications, content distribution and managed network services; Madge.connect, a global supplier of Token Ring LAN product solutions for mission-critical enterprise networks; and Red-M, a pioneering developer of Bluetooth networking solutions that enable access to a range of voice, video and data from a range of mobile devices. The company`s main business centers are located in Wexham Springs, United Kingdom; New York City and Milpitas, California. Information about Madge`s complete range of products and services can be accessed at www.madge.com.

About Madge.web

Madge.web is a global provider of rich content applications, content distribution and managed network services. These services are delivered via the company`s Overnet, by-passing the public Internet, to more than 30 countries around the world. Rich content services from Madge.web - architected to handle on-line video, audio, images and interactive media - include encoding services, virtual private networking, managed hosting, storage, streaming media distribution, marketing services and workflow management. Further information about Madge.web can be accessed at www.madgeweb.com.

About Madge.connect

Madge.connect is a global supplier of Token Ring LAN product solutions for mission-critical enterprise networks. As the market leader in Token Ring, Madge.connect pioneers next generation networking solutions which enable the painless deployment of 100Mbps and Gigabit-IP based applications within existing corporate networks while protecting customers` investments in Token Ring and ATM.

About Red-M

Launched in May 2000, Red-M is a pioneering developer of Bluetooth networking solutions. Red-M`s BIAS(TM) (Bluetooth Internet Access Server) technology provides advanced data, voice and video services to a range of Bluetooth enabled devices including computers, personal digital assistants (PDAs), wireless application protocol (WAP) smart phones and other emerging information appliances. Information on Red-M can be found at www.red-m.com.

Private Securities Litigation Reform Act Statement

Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks (e.g., the need for additional funds which may not be available upon acceptable terms or at all, which would adversely impact the Company`s ability to implement its existing plans and, which we have been told by our auditors, will result in a ``going concern`` qualification from them in the Company`s 2000 Financial statements as we do not currently have specific funding in place to meet our financial needs for a 12-month period; changing technologies; competition; planned service and product launches; management of change and changed resource allocation resulting from these and other factors). Forward-looking statements in this press release include statements that refer to the Company believing that its cash position and currently available lines of credit are sufficient to cover its growth plans for the first half of 2001, the Company needing to raise additional funding by the third quarter of 2001 to enable it to continue under its existing plans, the Company needing to secure financing and if it cannot do that, that it will modify its plans or pursue other options, such as to sell some of its holdings, shares in its subsidiaries or shares in the Company itself, in order to raise funds, to Madge.web being ready to leverage the significant assets that it has deployed and other statements which are not completely historical. These statements may differ materially from actual future actions, events or results. For more information on risks, please refer to Madge`s recent SEC filings.

Madge, the Madge logo, Madge.web, Madge.connect, Red-M and Red-M BIAS are trademarks, and in some jurisdictions may be registered trademarks of Madge Networks or its affiliated companies. Other trademarks appearing in this release are those of their respective owners.

Madge Networks N.V.
Condensed Consolidated Balance Sheets(a)
(Unaudited)
(in thousands)

Dec. 31, Dec. 31,
2000 1999
---------------- -----------------
Assets
Current assets:
Cash, cash equivalents,
and short-term
investments(b) $37,776 $29,971
Accounts receivable,
net 16,022 38,655
Inventories 7,571 16,160
Prepaid expenses and
other current assets 19,780 10,802
---------------------------------------------------------------------
Total current assets 81,149 95,588

Investments, property
and equipment, net 73,141 44,834
Intangible assets,
net 40,748 52,076

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

Total assets $195,038 $192,498
=====================================================================

Liabilities and Shareholders` Equity
Current liabilities:
Accounts payable and
accrued liabilities $83,353 $92,639
Income taxes payable 11,758 16,715
Short-term borrowings 241 7,107
Short-term obligations 6,937 3,298
---------------------------------------------------------------------
Total current
liabilities 102,289 119,759
Long-term obligations 12,461 3,563
---------------------------------------------------------------------
Total liabilities 114,750 123,322

Minority interest 29,835 -
Shareholders` equity 50,453 69,176

---------------------------------------------------------------------
Total liabilities and
shareholders` equity $195,038 $192,498
=====================================================================

(a) The condensed consolidated results include Madge.web,
Madge.connect, Red-M and Madge Group Companies.

(b) Cash includes a balance of $4.9M at December 31, 2000 and $10.5M
at December 31, 1999 that had restricted use.


Madge Networks N.V.
Condensed Consolidated Statements of Operations(a)
(Unaudited)
(in thousands)

Results of Continuing Group Results
Operations(b) (Incl. Discontinued
Operations)

Three months ended Three months ended
December 31, December 31,
2000 1999 2000 1999

Madge.web sales $7,064 $6,789 $7,064 $6,789
Madge.connect sales 26,532 40,271 26,532 45,014
----------------------------------------------------------------------
Net sales 33,596 47,060 33,596 51,803
Cost of sales 29,809 29,101 30,660 31,550
----------------------------------------------------------------------
Gross profit 3,787 17,959 2,936 20,253
Operating expenses:
Sales & marketing 15,568 18,215 15,483 19,353
Research &
development 3,090 5,140 3,107 6,859
General and
administrative 6,166 7,831 6,146 7,825
Special charges (3,500) (8,777) (3,500) (8,777)
----------------------------------------------------------------------
Total operating
expenses 21,324 22,409 21,236 25,260
----------------------------------------------------------------------
Loss from
operations (17,537) (4,450) (18,300) (5,007)
Net interest
(expense)
income 91 160 91 160
----------------------------------------------------------------------
Loss before tax (17,446) (4,290) (18,209) (4,847)
Income tax
provision
(benefit) (178) 409 (178) 409
----------------------------------------------------------------------
Net loss $(17,268) $(4,699) $(18,031) $(5,256)
======================================================================

Earnings per share
Basic $(0.32) $(0.12) $(0.34) $(0.13)
Diluted $(0.32) $(0.12) $(0.34) $(0.13)

Weighted Average
Shares Outstanding
Basic 53,798 40,305 53,798 40,305
Diluted 53,798 40,305 53,798 40,305


(a) The condensed consolidated results include Madge.web,
Madge.connect, Red-M and Madge Group Companies.

(b) Results of Continuing Operations exclude Madge.connect`s Video
Networking business, disposed of in the third quarter, 2000.


Madge Networks N.V.
Condensed Consolidated Statements of Operations(a)
(Unaudited)
(in thousands)

Results of Continuing Group Results
Operations(b) (Incl. Discontinued
Operations)

Twelve months ended Twelve months ended
December 31, December 31,
2000 1999 2000 1999

Madge.web sales $30,632 $27,359 $30,632 $27,359
Madge.connect
sales 115,802 149,509 125,909 168,793
----------------------------------------------------------------------
Net sales 146,434 176,868 156,541 196,152
Cost of sales 119,894 105,107 126,611 115,547
----------------------------------------------------------------------
Gross profit 26,540 71,761 29,930 80,605
Operating expenses:
Sales & marketing 64,806 67,101 65,895 73,145
Research &
development 16,224 24,051 19,124 33,230
General and
administrative 24,171 22,472 24,354 23,340
Special charges (3,500) (7,540) (2,618) (7,540)
----------------------------------------------------------------------
Total operating
expenses 101,701 106,084 106,755 122,175
----------------------------------------------------------------------
Loss from operations (75,161) (34,323) (76,825) (41,570)
Net interest
(expense) income (710) 2,195 (710) 2,195
----------------------------------------------------------------------
Loss before tax (75,871) (32,128) (77,535) (39,375)
Income tax
provision 201 938 201 938
----------------------------------------------------------------------
Net loss $(76,072) $(33,066) $(77,736) $(40,313)
======================================================================

Earnings per share
Basic $(1.63) $(0.82) $(1.67) $(1.00)
Diluted $(1.63) $(0.82) $(1.67) $(1.00)

Weighted Average Shares
Outstanding
Basic 46,672 40,420 46,672 40,420
Diluted 46,672 40,420 46,672 40,420


(a) The condensed consolidated results include Madge.web,
Madge.connect, Red-M and Madge Group Companies.

(b) Results of Continuing Operations exclude Madge.connect`s Video
Networking business, disposed of in the third quarter, 2000.

[roger11]

So what?!

[Tbroker]

Hi all,

danke für die News. Bin mal grob durch.
Naja, Wachstum nicht unbedingt da. Wie schon mal erwähnt wir können nur auf bessere Zeiten bei Red M hoffen.
Doch bei dem niedrigen Volumen interr.der Kurs derzeit keinem. Fallen werden wir nicht. Die Bewertung ist angemessen. Auch die Cash Position dürfte erst einmal ausreichen.
Ich denke auch in dem Future market in dem Madge.web agiert sollte doch wohl noch einiges zu holen sein.
Also, ich muss nochmal genau lesen.

Ciao Tbroker

PS: Lest ihr ab und zu auf dem Yahoo Board?

[Tbroker]

Heute ist 14.30 glaub ich, Conference Call.
Reinhören wäre vielleicht nicht schlecht.

Ciao Tbroker

[Tbroker]

Ich bin gespannt auf den CC.
Madge.web - der Verlust und EBITDA sehr sehr hoch.
Wenn das nicht ordentlich!!! begründet ist, weiss ich auch nicht.
Ich denke Madge.connect trägt hier fast alles.
Umsatz zwar fast gleich, dich die Kosten in den Griff.
Red M muss sehr viel bringen, sodass wir vom Wachstum überzeugt sind.
Madge.web an sich auch future orientiert, doch wie gesagt, wenn die Kosten so hoch sein müssen, dann bitte.
Doch Madge.web sollte wirklich schon woanders stehen.

Thoughts???

Ciao Tbroker

[2333]

Verkauft den scheiss

[Tbroker]

Danke für den Tip, sowie auch Begründung.
Ich weiss, die Begründung würde nicht schwer fallen, doch bitte zu diesem Kurs???

Ciao Tbroker

PS: Red M ist erst im Anfangsstadium und ich glaub kaum, dass Toshiba und Extended Systems Müll von einem potent.Verlierer kaufen.

[Rbroker]

Hi Tbroker,
hast voll recht. Weiß ja nicht wie 2333 zu seinen "fundamentalen" Erkenntnissen kommt. Aber ich glaube wohl, daß einige "Große" schlechtere Zahlen hingelegt haben als madge. Man sollte sich wohl doch gründlicher mit der gesamten Firmenstrategie auskennen um ein entgültiges Urteil zu fällen. Ich jedenfalls bleibe long. Wären die Zahlen insgesamt wirklich so schlecht - verglichen mit der Entwicklung zum gesamtmarkt - dann wäre der Kurs auch heute sicher voll in den Keller gegangen. Madge war schon tiefer, als der Markt noch "einigermaßen" in Ordnung war. Ich glaube vor allem an Red-M. Zukunftsorientierte Technologien müssen erst erkannt werden (s.a. cybg).
Wenn halt Verluste durch extremes Marketing (und so sehe ich das) entstehen, dann wird die Zukunft eben Gewinne bringen.
Denke wohl, daß Du auch der Meinung bist. Sie interessiert mich.
MfG Rbroker

[Franta]

Moin, Haussiers.

Ich sage dazu nur folgendes : die Dinosaurier werden immer trauriger.
Gruß, Franta

[Rbroker]

Hi Tbroker,
kennst Du das schon?
Red-M Tees-off With the World`s First Bluetooth Country Club
WEXHAM SPRINGS, U.K.--(BUSINESS WIRE)--March 14, 2001--Red-M(TM), a pioneering developer of Bluetooth(TM) networking solutions and subsidiary of Madge Networks N.V. (NASDAQ NM: MADGF), today announced the implementation of the world`s first Bluetooth enabled wireless country club. The prestigious Stonebriar Country Club, located in Frisco near Dallas, Texas, has deployed a Bluetooth network to enable wireless access to the Internet for club members, and provide the platform for the deployment of exciting new member services from a range of personal devices.
The Stonebriar network is based on Red-M`s award winning 3000AS and 1000AP Bluetooth networking products. Initially deployed in the club`s Grille Room, the network provides members with mobile access to their email, the Internet and Stonebriar`s member-only Intranet website while inside the club. By offering its members this highly flexible, mobile Internet service, Stonebriar will help maintain its position as one of the most prestigious country clubs in the US.
The network will also form the basis for the development of new member services. These include enabling members to reserve a tee time, input golf scores, or even check on a child in Stonebriar`s playroom facility from a Personal Digital Assistant (PDA) or handheld device. In addition, Stonebriar`s employees will be able to better serve club members by using PDA`s to access member profile information.
"Being the first country club to offer mobile solutions over Bluetooth adds remarkable value, not only because it will increase members` access to email, club Intranet and Internet services, but also because it will provide new conveniences - such as checking stock quotes, golf scores or up to date diary appointments from anywhere in the club house", said Jim Swieter, General Manager of the Stonebriar Country Club. "Red-M`s technology has made all of this possible."
"We are now seeing the deployment of in-building Bluetooth networks. These networks demonstrate the benefits Bluetooth technology can bring to the hospitality industry, a sector which stands to benefit significantly from the mobile revolution," said Simon Gawne, Vice President of Marketing and Business Development at Red-M. "We are delighted to have enabled Bluetooth at the Stonebriar Country Club."
About Red-M
Launched in May 2000, Red-M(TM) is a subsidiary of Madge Networks N.V., and is a pioneering developer of Bluetooth networking solutions. Bluetooth is the emerging local wireless technology backed by an industry consortium of over 2,100 of the world`s leading companies. Red-M`s BIAS(TM) (Bluetooth Internet access server) technology provides advanced data, voice and video services to a range of Bluetooth enabled devices including computers, personal digital assistants (PDAs), wireless application protocol (WAP) smart phones and other emerging information appliances. Red-M, an Associate Member of the Bluetooth Special Interest Group (SIG), won the first ever Award for Innovation at the annual Bluetooth Congress in June 2000 and more recently PC Magazine`s `Technical Innovation Award`, and is widely recognized as a leading innovator in Bluetooth technology. In October 2000, Red-M announced the world`s first Bluetooth networking product solutions. Information on Red-M can be found at www.red-m.com.
About Stonebriar
Located in Frisco near Dallas, Texas (USA), Stonebriar Country Club offers the privacy and prestige members require to entertain friends and business associates. The club is set in quiet and peaceful grounds and is located within easy access of Dallas, just off the main Dallas North Tollway. Stonebriar is set amid breathtaking scenery that includes meticulously groomed greens, sculptured shrubbery and many lakes and streams. www.stonebriar.com.
About Madge Networks N.V.
Madge Networks N.V. (NASDAQ NM: MADGF) is a global provider of advanced Internet-centric network services and products, and mission-critical enterprise solutions. The company operates through three primary subsidiaries: Madge.web(TM), a global provider of rich content applications, content distribution and managed network services; Madge.connect(TM), a global supplier of Token Ring product solutions for mission-critical enterprise networks; and Red-M, a pioneering developer of Bluetooth networking solutions that enable access to a range of voice, video and data from a range of mobile devices. The company`s main business centers are located in Wexham Springs, United Kingdom; New York City and Milpitas, California. Information about Madge`s complete range of products and services can be accessed at www.madge.com.
About Bluetooth
The Bluetooth wireless technology is set to revolutionize the personal connectivity market by providing freedom from wired connections. It is a specification for a small form-factor, low-cost radio solution providing links between mobile computers, mobile phones and other portable and handheld devices, and connectivity to the Internet. The Bluetooth Special Interest Group (SIG), comprised of leaders in the telecommunications, computing, and network industries, is driving development of the technology and bringing it to market. The Bluetooth SIG includes promoter companies 3Com, Ericsson, IBM, Intel, Lucent, Microsoft, Motorola, Nokia and Toshiba, and more than 1800 adopter companies.
Private Securities Litigation Reform Act Statement
Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks (e.g., ability to deliver new marketable solutions quickly to bring products to market before our competitors, changing technologies, management of change and changed resource allocation resulting from these and other factors). Forward-looking statements in this press release include statements that refer to the Bluetooth network deployed at Stonebriar providing the platform for the deployment of exciting new member services from a range of personal devices, Stonebriar helping to maintain its position as one of the most prestigious country clubs in the US by offering this mobile internet service, the network forming the basis for the development of new member services, Stonebriar`s employees being better able to serve club members by using PDA`s to access member profile information, Stonebriar being the first country club to offer mobile solutions adding remarkable value because it will increase members` access to email, club intranet and internet services and will provide new conveniences, the hospitality industry being a sector which stands to benefit significantly from the mobile revolution, Bluetooth wireless technology being set to revolutionise the personal connectivity market by providing freedom from wired connections and other statements which are not completely historical. These statements may differ materially from actual future actions, events or results. For more information on risks, please refer to Madge`s recent SEC filings.
Red-M, the Red-M logo, Red-M BIAS, Madge, Madge.connect, and Madge.web are trademarks, and in some jurisdictions may be registered trademarks of Madge Networks or its affiliated companies. Other trademarks appearing in this release are the property of their respective owners. PC Magazine UK Technical Innovation Awards is a trademark of VNU Business Publications Limited.
CONTACT: Company Contacts:
Red-M, Wexham Springs
Rob Forbes, [phone]
Internet: www.red-m.com
or
Public Relations contacts:
USA
Collaborative Communications, Inc
Emily Farber, 617/621-1800
or
Outside of USA
DPA Corporate Communications
Julie Styles, [phone]

[Tbroker]

Hi Rbroker,

ja danke, doch ist die News kein großer Fisch.
Ist wzar ein neuer Kunde, doch sehr sehr klein.

Ciao Tbroker

[Rbroker]

Man zieht sich halt in diesen Zeiten auch an "Strohhalmen" hovh.
MfG Rbroker

[beovoxx]

an alle ...broker hier.

Habe MADGF schon seit über `n 3/4 Jahr ganz oben auf meiner Watchlist.

Wäre vielleicht schon längst mal eingestiegen, was mich zur Zeit allerdings nicht traurig stimmt, es nicht getan zu haben.

Ich meine Bluetooth hat `ne riesige Zukunft, aber so viele Firmen spielen da mit u. ich weiss nicht, welche Flöte da nun Madge spielt.

Denke mal es ist z.Z. `n guter Einstiegspunkt, nur dazu fehlen mir die Informationen.

Meine Bitte: Schreibt doch mal die wichtigsten Sachen in deutsch.

Habe (und ich glaube, ich spreche nicht nur für mich) einfach nicht die Lust u. Zeit Eure ellenlangen PM`s durchzulesen bzw. zu übersetzen.

Oder vielleicht sagt Ihr mir einfach mal(mit eigenen Worten, ohne mich wieder auf irgendeine www-Seite hinzuweisen), warum Ihr gerade in Madge investiert seid.
Wie Ihr die Zukunft seht.
Warum sie erst so ansteigt u. jetzt wieder rapide abwärts geht.

Naja, vielen Dank im voraus, vielleicht hat ja mal jmd. Lust, darauf einzugehen.

[brainstorm15]

Oh wir sind zu faul ellenlange Postings zu studieren aber
wenns jetzt grad Nen guten Tip gibt bin ich bereit abzusahnen.
Tolle Masche.Hau ab.

[beovoxx]

@brainstorm15:

Sei mal nicht so aufbrausend. Nicht zu wichtig nehmen. Ich helfe auch gerne, wo ich kann.
Deine Gewinne werde ich Dir schon nicht wegnehmen.
Ich dachte immer, umso mehr Käufer, umso höher steigt auch der Kurs.

Ich nahm auch an, für Fragen wäre solch ein Board da.

Ich will keinen heissen Tip (da trau` ich sowieso Niemandem), eher die letzten Fragen beantwortet haben.

Warum der letzte Kursanstieg u -fall.
Und was für `ne gesonderte Rolle (wenn überhaupt) hat Madge.

Das einzige was ich über Madge weiss, stand vorm dreiviertel Jahr glaube ich mal in der Telebörse.

Ist mir aber zu wenig, um da längerfristig zu investieren.

Die Postings werden eh nicht so wichtig sein. Ich weiss, wenn man in `nem Wert investiert ist, scheint jeder Futzel unsagbar wichtig.

Hab` mich vielleicht `n bisschen dumm ausgedrückt: Hat nichts mit Faulheit zu tun, eher Zeitmangel. Ausserdem reicht mein Englisch dafür nicht aus, um den Artikel genau zu verstehen.

Was soll`s, wenn Ihr keien Lust habt, kann ich auch nichts machen. Viel Glück noch mit der Aktie u. `ne erfolgreiche Woche.

Beovoxx

[Tbroker]

Hi beovoxx,

bin voll und ganz deiner Meinung. Hatte in den letzten Tagen keine Zeit.
Ok, ganz kurz.
Madge.Network betshet uas 3 "Töchtern": Madge. connect, Madge.web und Red-M
Red-M = Bluetooth (Server und dazugeh.Software)
Madge.connect = Token ring etc.
Madge.web = content (video streaming, etc)

Magde.connect = top Zahlen, Kostendegression erfolgreich, Umsatz gut, ident.letztes Quartal, Kosten in Griff und nun können die loslegen im Umsatz

Madge.web = Zahlen bescheiden, doch hab ich keine genaue Aufschlüsselung der Kosten; Expansion in Europa, etc.; wenn begründete Kosten (geniale Invest.), dann ok, bloß ich weiss es nicht

RED-M nur als Kosten ausgewiesen, doch ich denke nächstes Q.

hier kurze Übersicht:

Madge.web
Financial Highlights Three months ended
(Unaudited, in thousands) Dec. 31, Sep. 30,
2000 2000

Sales $7,064 $8,261
Gross loss $(10,203) $(7,188)
EBITDA (loss) $(18,695) $(15,716)

---------------
Madge.connect - continuing operations(B)
Financial Highlights Three months ended
(Unaudited, in thousands) Dec. 31, Sep. 30,
2000 2000

Sales $26,532 $26,043
Gross profit $14,088 $11,624
EBITDA $10,182 $4,756
-------------
Three months ended Three months ended
December 31, December 31,
2000 1999 2000 1999

Madge.web sales $7,064 $6,789 $7,064 $6,789
Madge.connect sales 26,532 40,271 26,532 45,014
----------------------------------------------------------------------
Net sales 33,596 47,060 33,596 51,803
Cost of sales 29,809 29,101 30,660 31,550
----------------------------------------------------------------------
Gross profit 3,787 17,959 2,936 20,253
Operating expenses:
Sales & marketing 15,568 18,215 15,483 19,353
Research &
development 3,090 5,140 3,107 6,859
General and
administrative 6,166 7,831 6,146 7,825
Special charges (3,500) (8,777) (3,500) (8,777)
----------------------------------------------------------------------
Total operating
expenses 21,324 22,409 21,236 25,260
----------------------------------------------------------------------
Loss from
operations (17,537) (4,450) (18,300) (5,007)
Net interest
(expense)
income 91 160 91 160
----------------------------------------------------------------------
Loss before tax (17,446) (4,290) (18,209) (4,847)
Income tax
provision
(benefit) (178) 409 (178) 409
----------------------------------------------------------------------
Net loss $(17,268) $(4,699) $(18,031) $(5,256)
======================================================================

Earnings per share
Basic $(0.32) $(0.12) $(0.34) $(0.13)
Diluted $(0.32) $(0.12) $(0.34) $(0.13)

Weighted Average
Shares Outstanding
Basic 53,798 40,305 53,798 40,305
Diluted 53,798 40,305 53,798 40,305


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

Ciao Tbroker

PS: Leider nur ganz kurz, da ich gleich wieder los muss.
Ein bißchen musst du dich jedoch reinfitzen. Trotz der Zahlen, spez.web, denke ich , dass sich die Invest.audzahlen. Wie ich mitbekommen hab, kannst du kein Englisch. Ich wenigstens bissl, da auf Yahoo finance im Board Infos zu bekommen sind.

@Brainstorm15: Ruhig Blut, ich sitze auch auf Verlusten!!!

[beovoxx]

Dank Dir erstmal Tbroker.

Dachte immer Madge Networks wäre eine Tochterfirma von Red-M und nicht umgekehrt.

Na, dass ich gar kein Englisch kann, ist nun auch übertrieben. Ich meine nur, dass man solche Berichte fehlerlos verstehen sollte (auch zwischen den Zeilen).

Ne Menge Infos bekommst Du auch hier, aber ist wahrscheinlich schon bekannt:
http://www.bigcharts.com

Ciao Beovoxx

[brainstorm15]

@beovoxx
Sorry.Hab hier überreagiert.Bin leider etwas gereizt in
letzter Zeit-vergiss das Posting.

[Tbroker]

beovoxx, will dich wirklich nicht verleiten, hier zu kaufen. Doch Madge.Network macht ca.135Mio$ im Jahr Umsatz und ist derzeit mit 73.97Mio$ bewertet.
Die Produkte sind absolut future, nur muss nun Wachstum rein.
Selbst für diese Zahlen müsste m.E.Madge mit ca.$5 bewertet sein.
Abwarten und Tee trinken!!!

Ciao Tbroker

[beovoxx]

Ist vergessen brainstorm15.


Eigenartig ist, das der Umsatz von Jahr zu Jahr erheblich schrumpft.


Umsatz 2ooo: 156,5$
Umsatz 1999: 196,2$
Umsatz 1998: 301,4$

Hier mal was in deutsch

Vielleicht ist ja was weniger Bekanntes dabei.


Nasdaq: MADGF (Vollnotierung) Bilanzstichtag: Dezember


Jahresabschluss Währung in US-Dollar
Gewinn- und Verlustrechnung für den Konzern

Alle Beträge in Millionen außer bei Aktienbeträgen. 12 / 00 (Prelim.) 12 / 99 12 / 98


Umsatz 156,5 196,2 301,4

Umsatzaufwendungen -- 115,5 147,1

Bruttogewinn -- 80,7 154,3

Bruttogewinnspanne -- 41,1% 51,2%

Vertriebskosten, Verwaltungsgemeinkosten -- 129,7 148,2

Betriebsertrag -- (49,0) 6,1

Handelsspanne -- -- 2,0%

Gewinn vor Steuern -- (39,4) 38,9

Ertragssteuern -- 0,9 3,1

Jahresertrag (77,7) (40,3) 35,8

Gewinnspanne -- -- 11,9%

Gewinn je Aktie einschließlich aller Umtauschrechte (1,67) (1,00) 0,80


Bilanz 12 / 00 (Prelim.) 12 / 99 12 / 98


Anlagevermögen -- 96,9 30,2

Gesamtumlaufvermögen -- 95,6 194,8

Warenbestand -- 16,2 11,5

Schuldner -- 38,7 39,0

Bargeld -- 19,5 130,5

Summe kurzfristige Verbindlichkeiten -- 119,8 107,7

Kurzfristige Schulden -- 10,4 3,8

Nettoumlaufvermögen/(Nettoverbindlichkeiten) -- (24,2) 87,1

Langfristige Verbindlichkeiten -- 3,5 0,9

Langfristige Außenstände -- 3,6 0,9

Nettovermögen/Eigenkapital -- 69,2 116,4

Aktienumlauf (Millionen) 46,8 40,5 44,3


Kann man eigentlich von der CEBIT in Bezug auf Madge was erwarten?

Ciao Beovoxx

[Franta]

@ beovoxx

Nein.

[Tbroker]

Madge nicht, doch Red M ist dort.
Unter Madge hatte ich nichts gefunden.

Ciao Tbroker

[Rbroker]

Hi Tbroker,
Red-M und Fujitsu Siemes Computer wollen bei der weiteren Entwicklung von Bluetooth - Lösungen Zusammenarbeiten. Deal kam wohl auf der Cebit zusammen. Genaueres findest Du auf der Site von madge. Die News reinzustellen wäre zu lang. Lies aber bitte mal dort nach. Echt interessant. Denke, wenn die Sache ins laufen kommt, dann dürften sich auch bald unsere Erwartungen erfüllen. War sicher gut long zu bleiben.
MfG Rbroker

[Eier]

Hi.
Bin übrigens auch noch da (und natürlich auch noch in Madge investiert). Habe aber leider meist zu wenig Zeit um hier regelmäßig reinzuschauen bzw. zu posten.
Trotzdem Dank an Tbroker und Rbroker, die hier regelmäßig die News reinhauen, anhand derer ich mich doch immer wieder auf den neuesten Stand bringen kann.
Gruß Eier.

[Rbroker]

Hi Tbroker,
der Kurs von madgf will nicht so richtig aus dem Knick kommen. Denke wohl, daß man die Technologie wegen des "Lapsus" auf der Cebit, im extra aufgebautem Raum, zu unrecht "abstraft". War ja wohl nicht Red-M die da Müll gebaut haben. Denoch glaube ich, daß wir in eine Zukunfsttechnologie investiert haben. Madge-Web muß nur noch die Zahlen in die Reihe bekommen. Wahrscheinlich ist es das Problem von Madge, daß es für die Anleger nicht so leicht ist, die einzelnen Unternehmenszweige in ihrer Entwicklung und Inovation zu verfolgen und zu bewerten.
Ist sicher auch ein Problem für madge in der PR. Aber besser so, als wenn Müll in die Boards geschrieben wird, der die Kurse beeinflusst (siehe RB zu mtnx).
Gruß auch an Eier. Man tut halt sein Bestes um objektiv zu bleiben.
MfG Rbroker

[beovoxx]

@Rbroker:

Was war denn das für`n "Lapsus"?

Ich glaube aber kaum, dass die Cebit der Grund für den Kursverlauf ist.

Ciao Beovoxx

[Tbroker]

Guten Morgen,

ja, schwere Zeiten für uns.
Eier, no problem! :-)
Red M hatte ihren Server nicht zur Cebit, leider konnte ich nicht zur Cebit. War jemand dort????
Also, abwarten und Tee trinken!

Ciao Tbroker

[ZZhj]

Bin im August 2000 zu 5 € eingestiegen. Glaubst Du, daß ich diesen Kurs mal
wieder sehe?

[Tbroker]

Hi ZZhj,

ich weiss, klingt blöd, doch wir werden diese Kurse nicht nur sehen, sondern extrem überwinden.
Ok, nun muss ich dazu sagen, dass kann noch dauern.
Doch alles ist möglich. An dem Produkt hängt es nicht, sondern am Management.
Ich denke Bluetooth wird auf jeden Fall noch boomen.
Bloß was will man nach 3 Tagen Plus vom Nasdaq erwarten.
Obwohl gestern 27%!!!

Abwarten und Tee trinken!!!

Ciao Tbroker

PS:Wir sind uns doch einig, dass man nicht nur 2 Monate invest.sein kann. :-)