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     Ja Nein
      Avatar
      schrieb am 19.04.03 09:32:35
      Beitrag Nr. 1 ()
      *** neu auf meiner watchlist***
      Analysts downgrade Iona on poor results



      A NUMBER of brokers have downgraded their recommendations on technology company Iona after a poor set of financial results on Wednesday.

      Goodbody Stockbroker analyst Gerry Hennigan, who advises investors to reduce exposure to the shares, said there were a number of concerns with Iona.

      The low level of licence revenue in the first quarter was a concern, as was the weakness in Iona`s traditional Corba market and the slow adoption of web services.

      Describing Iona`s results as disappointing, Davy analyst Barry Dixon said yesterday that Iona will need to cut costs significantly if it is to meet its target of returning to profitability.

      On Wednesday, Iona said it planned to let go around 170 people, after a sharp decline in revenues in the first three months of this year.

      Mr Dixon commented in a note: "We remain cautious on the stock, and await the impact of Iona`s restructuring plan."

      NCB analyst Tricia McEvoy said there were no indications Iona`s revenues would revert to the levels seen in 2002 any time soon.

      "Other than merger and acquisitions activity, if the IT spending market does not recover, we see no catalyst for a share price recovery until all the restructuring is completed and sustained profitability is in sight."

      Merrion Stockbrokers` Rory Gillen said the shares were unlikely to make any meaningful recovery until it is clear that revenues have at least bottomed out.

      However, he pointed out that a recovery in IT spending could see a rapid recovery in demand for Iona`s products.

      On Wednesday, Iona said that its first quarter revenue was $17m, which came in at the higher range of its $16.5m to $17m forecast on April 3.

      Prior to Iona`s warning earlier this month, Wall Street was expecting about $8m more in revenues, and Wednesday`s figure comes in at about $23m behind the company`s revenues from the first quarter of last year.

      The stock finished unchanged yesterday on the Dublin market at €1.30.


      Charlie Weston
      Avatar
      schrieb am 19.04.03 13:14:33
      Beitrag Nr. 2 ()
      eine erste position ist bereits in meinem depot zu 1,32
      bei ca. 1 USD werde ich nochmal nachkaufen


      Avatar
      schrieb am 19.04.03 13:54:36
      Beitrag Nr. 3 ()
      1,25 bis 1,35 könnte der boden sein.
      Marktkapitalisierung derzeit 45 Mio
      Buchwert: 63 Mio
      genug Cash für den Turnaround ist auch vorhanden

      Avatar
      schrieb am 19.04.03 14:18:10
      Beitrag Nr. 4 ()
      hast du ein übernahmescenario im hinterkopf ?
      Avatar
      schrieb am 19.04.03 14:30:48
      Beitrag Nr. 5 ()
      Iona posts loss and cuts jobs
      Wednesday, April 16 2003
      by Matthew Clark

      Send story to a friend



      Print this story




      Irish software company Iona Technologies posted its first quarter results in line with substantially reduced expectations and said it would cut more jobs.
      Iona said that its first quarter revenue was USD17 million, which came in at the higher range of its USD16.5 million to USD17 million forecast on 3 April. Prior to Iona`s warning earlier this month, Wall Street was calling for about USD8 million more in revenues and Wednesday`s figure comes in at about USD23 million behind the company`s revenues from the first quarter of last year.




      Net loss per share, on GAAP basis, amounted to USD0.36, also in line with earlier forecasts.




      Iona`s pro forma net loss per share, which excludes amortisation of other non-current assets and stock-based compensation expenses, was USD0.35. In early April, Iona forecast a pro-forma net loss per share in the range of USD0.34 to USD0.36, which was also sharply lower than the prediction of analysts surveyed by Thomson First Call before 3 April, who on average forecast a pro-forma per share loss of just USD0.13. In the first quarter last year, the company`s pro-forma loss per share was USD0.08.




      Also in its results statement, Iona revealed that it would take an USD11 million to USD14 million restructuring charge during the second quarter and during a conference call later in the day Iona said it would be trimming 150 jobs before the end of the year as part of this restructuring.




      Currently, the firm employs about 600 globally and 180 in Dublin but it is not clear at this point how many jobs will be lost in Ireland. Last year Iona took a USD20 million charge to slash 200 jobs.




      In a statement, Chief Executive Officer Barry Morris reiterated the reasons for the dramatic hike in losses and fall in revenues. "In Q1, the combined effects of the current macroeconomic climate and geopolitical uncertainties led our customers to delay or reduce their IT spending," he said. "This was especially true of organisations in the US telecommunications sector."




      Chief Financial Officer Dan Demmer noted the "tough economic environment" and said the company was "taking actions required to return Iona to profitability as quickly as possible, while maintaining our long-term growth potential."




      However, it appears as though the return profitability won`t come next quarter. Iona has said that it anticipates second quarter revenues to be in the range of USD17 million to USD19 million with a big GAAP net loss per share of between USD0.59 and USD0.72. Pro forma net loss per share should be between USD0.25 and USD0.29, a figure that will exclude, among other things, a USD11 million to USD14 million restructuring.




      Since the firm`s April warning, Iona has come under fire from analysts and investors as well as from the media, with one recent report speculating that a takeover could be on the horizon. The Sunday Business Post has reported that on 17 March, Morris and Chief Operating Officer Steve Fisch pushed through a pre-takeover plan that protects the interests of Iona`s directors in the event of a buy-out. The newspaper said the "change of control" plan was designed to assure "present and future continuity" at Iona.





      Other recent moves at the firm have included the resignation of two senior executives: Vice-President of Business Operations Bob Potter and Senior Vice-President of Engineering and Customer Services John Giblin.

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      Avatar
      schrieb am 19.04.03 14:44:39
      Beitrag Nr. 6 ()
      Iona bosses pushed through pre-takeover plan

      13/04/03 00:00


      By Gavin Daly

      Directors at Iona Technologies pushed through a pre-takeover plan just weeks before the company`s drastic profit warning.


      The plan protects the interests of Iona`s directors and is the strongest sign yet that the company expects to be taken over.

      The `change of control` plan to assure "present and future continuity" at Iona was signed by Iona boss Barry Morris and chief operating officer Steve Fisch on March 17.

      Under the plan, the company`s executive directors are entitled to two years` salary, a bonus and benefits, and can exercise all their share options if they leave the company after a change in control.

      A similar plan to "enable the board to evaluate any change in control transaction objectively" was put to the company`s seven non-executive directors. They include Iona founder Chris Horn, Merrion Capital boss John Conroy and former Smurfit chairman Ivor Kenny.

      Under the plans, the interests of Fisch and the non-executive directors will be aligned with those of shareholders "with respect to any change in control that may benefit the shareholders".

      Fisch joined Iona in August last year, and the majority of the management team report to him.

      The plans were filed with the US Securities and Exchange Commission last week. Ten days ago, Iona warned that its first quarter revenues would miss expectations by over 30 per cent, prompting a share price collapse and takeover speculation.

      Industry sources said Horn could take the helm at Iona from Morris. Horn`s 7.2 per cent stake in the company was worth $233 million in 2001, but was worth just $3.2 million last Friday.

      Iona shares were trading at $1.39 on the Nasdaq on Friday, valuing it at $44.5 million, despite its $75 million in cash.





      __________________________________________________________
      Unisys to support Iona Mobile Orchestrator


      April 11, 2003 10:58 AM EST

      BLUE BELL, Pa.—Unisys Corp. and Iona Technologies have entered an alliance and reseller agreement according to which Unisys will provide systems integration and consulting services to support IONA’s recently-launched Mobile Orchestrator, which enables mobile workers to wirelessly access company applications and data.

      “This alliance is a huge step toward helping more and more enterprises become agile, flexible organizations,” explained Jacob Thomas, managing director of Unisys’ voice and business mobilization solutions practice. “In addition, telcos in particular can generate more revenue from new business subscriber bases, increase data transactions on their networks, enable mobile business transactions and expand further into the enterprise market.”
      Avatar
      schrieb am 19.04.03 16:17:08
      Beitrag Nr. 7 ()
      @ Ines40

      der hauptgrund warum ich bereits bei 1,32 gekauft habe ist der, das iona auch ein guter übernahmekanditat ist.
      ich denke da sogar an die software ag, iona würde gut zu software ag passen und den nötigen cash hat die software ag
      die zweite rechnung ist folgende:
      eine profitable softwarefirma wird in der regel mit einem kuv von ca 2 bewertet. das tief müßte bei iona in ersten halbjahr 2003 erreicht sein. im jahr 2004 rechne ich mit einem umsatz von 80 mio und 2005 mit einem umsatz von ca. 100 mio, bei einem kuv von 2,0 wäre das eine marktkapitalisierung von ca. 200 mio = ein kurs von ca. 5-6 USD
      also eine chance auf 200 bis 300% in zwei jahren
      der kurs könnte sicher noch in richtung 1 USD gehen (durch downgrades) aber ein pleitekanditat ist iona in nächster zeit sicher nicht.

      ciao
      feeli
      Avatar
      schrieb am 19.04.03 18:27:50
      Beitrag Nr. 8 ()
      @felli

      Danke für deine offene Meinungsäusserung. Im grossen ganzen sehe ich die Sachlage fundamental genauso. Leider fehlt mir noch zur zeit das beurteilungsvermögen bzgl. der produktqualität unter Berücksichtigung der Konkurrenten am markt, aber mit der Zeit wird das schon werden. Meine Recherche hat mich auch noch nicht wesentlich weiter gebracht bzgl. der zuküntigen Produktentwicklungen.

      Eine erste Eintiegsposition sehe ich bei 1,05$
      neben Trintech wird das dann meinezweite Irische Position.

      Servus Ines
      Avatar
      schrieb am 22.04.03 21:53:22
      Beitrag Nr. 9 ()
      Connexion by Boeing -SM- Selects IONA Orbix Integration Technologies for Mobile Broadband Connectivity Service
      Tuesday April 22, 10:41 am ET
      IONA Orbix and Orbix/E Implemented as Integration Brokers for Ground-Station and On-Board Network Systems


      WALTHAM, Mass.--(BUSINESS WIRE)--April 22, 2003-- IONA®, the leading provider of Rapid Integration software (NASDAQ: IONA - News), and Connexion by Boeing(SM), a business unit of The Boeing Company (NYSE: BA - News), today announced that IONA`s Orbix® and Orbix/E(TM) are serving as the integration broker technologies helping to power the delivery of high-speed Internet connectivity services to mobile travelers.
      Through the Connexion by Boeing service, mobile travelers have real-time broadband access to the Internet, e-mail, firewall-protected corporate intranets and audio and video entertainment content on select trans-Atlantic flights. In addition to service demonstrations with leading European airlines Lufthansa and British Airways, Connexion by Boeing is also working with Japan Airlines and Scandinavian Airlines System (SAS), which have announced their intent to equip their long-haul aircraft with the innovative connectivity service. Full-scale rollout of the service is expected to begin in 2004.

      "IONA`s technology is an integral part of our onboard system in that it basically serves as a broker for key system components in the air and on the ground, allowing them to communicate and work together," said Darrin Luther, senior manager of satellite communication systems for Connexion by Boeing. "Having such seamless interaction is a critical part of our efforts to ensure the Connexion by Boeing service is service-ready when we begin full-scale rollout in 2004."

      IONA`s Orbix and Orbix/E software is used by Connexion by Boeing to control and monitor the satellite communication link that supports the delivery of mobile information services to airline passengers. On aircraft equipped with the broadband connectivity service, IONA`s Orbix/E is embedded in the airborne electronics to facilitate inter-process communication.

      "Connexion by Boeing is a highly-visible, innovative end-user solution that promises a new level of in-flight connectivity and productivity to travelers around the world. Connexion by Boeing`s choice of our Orbix and Orbix/E software is yet further evidence that standards-based, service-oriented integration solutions such as CORBA remain the first choice of organizations whose projects are mission-critical and must successfully stand the test of time and growth," said Barry Morris, CEO at IONA.
      Avatar
      schrieb am 01.05.03 16:45:42
      Beitrag Nr. 10 ()
      Iona`s Orbix delivers FIX connectivity to Thomson`s OTEQ platform




      30 April 2003 - Thomson Financial has extended its use of Dublin-based Iona`s Orbix software within the automated trade workflow and execution system Oneva Trade EQ (OTEQ) to provide users with FIX connectivity.

      Oneva Trade EQ uses Iona`s software to facilitate a technology bridge from Java to C++ via Iona`s Corba interface, which in turn supports the technology requirements of OTEQ and its internal FIX engine.

      OTEQ utilises the Corba Interface Definition Language (IDL) to enable traders to use FIX standards to connect to brokers, exchanges, ECN`s and ATS`s.


      Suresh Kavan, president, investment management group, Thomson Financial, says: "Iona is a crucial component to our efforts, supplying integration between Oneva Trade EQ and our FIX engine."
      Avatar
      schrieb am 06.05.03 17:05:54
      Beitrag Nr. 11 ()
      Hallo Ines40!
      Ich habe heute meine zweite Postion zu 1,60 aufgebaut. sollte der Kurs unter 1,25 gehen werde ich meine dritte und letzte Postion aufbauen.
      Mein Kursziel für Iona ist 2,80 USD

      ciao
      feeli
      Avatar
      schrieb am 09.05.03 06:46:30
      Beitrag Nr. 12 ()
      Ich hab Iona noch auf watchlist - der trockene sommer ist lang ;-)
      ich warte noch auf guten einstieg ---


      LG
      Ines
      Avatar
      schrieb am 09.05.03 06:48:49
      Beitrag Nr. 13 ()
      hast du an der Nasdaq oder in london geordert ?
      Avatar
      schrieb am 09.05.03 23:36:49
      Beitrag Nr. 14 ()
      habe an der Nasdaq geordert.
      die 1,60 waren teuer, hätte heute zu 1,50 kaufen können.
      ich glaube das wir schnell auf 2 gehen könnten, dadurch war mein kauf zu 1,60 zu nervös, bis 1,70 sind wir unter hohem volumen hochgelaufen, beim rückwärtsgang bis 1,46 hat das volumen wieder stark nachgelassen.
      ich bin positiv für Iona gestimmt und der cashbestand gibt auch eine gewisse sicherheit

      ciao
      feeli
      Avatar
      schrieb am 16.05.03 18:51:31
      Beitrag Nr. 15 ()
      Servus Feeli,

      tja - ich hab wohl wieder mal zu lange gezögert.

      :yawn:

      Lg
      Ines
      Avatar
      schrieb am 16.05.03 22:20:11
      Beitrag Nr. 16 ()
      Avatar
      schrieb am 18.05.03 12:30:03
      Beitrag Nr. 17 ()
      More job losses and closures on way: Iona CEO




      scap,#117559



      MARTIN FITZPATRICK

      THERE will be more job losses at Iona Technology and a number of the technology group`s regional offices around the world will close, the founder of the company and its new chief executive

      officer, Chris Horn said

      yesterday.

      Speaking from Boston, he said he would spend this weekend evaluating every product line and operation in the company. But already it is clear that the firm was going to have to refocus - and that means offices closing and people losing their jobs.

      Iona currently employs 618 people around the world and there are plans to reduce this number to under 450 with most of the redundancies coming before the middle of the year. The CEO refused to confirm if this would be the extent of the jobs shakeout.

      The biggest casualties in last week`s cull included Barry Morris, the CEO for the past three years, who was fired and left the company on Thursday. The other two senior managers to go were chief operating officer Steven Fisch and the company`s corporate development chief, David James.

      Chris Horn admitted yesterday it was a hard call.

      "This is a rough, tough business. Of course it came as shock to those people who were told the news that they were losing their jobs. It was very difficult to watch those drained faces last week when the news had to be broken. The worst thing in the world is having to fire people," confessed Dr Horn.

      "And I have to say that having to do things like that reflects on one`s own personal decision-making. After all, I was the one who evaluated the people who are now gone. I was the one who made the wrong choices and I`ve got to accept that."

      Iona Technology operates some 18 North American offices in Canada and in 10 different states of the US. In addition, it has 14 other offices dotted around Europe and on the Pacific Rim.

      However, current trends project an annual revenue stream of less than $50m - a figure marginally more than a quarter of the revenues that Iona was notching up a couple of years ago. So the need for retrenchment within the Iona organisation is clear.

      "It`s a very tough climate. The macro situation is bad. In many respects it`s like when we started out in 1991. Silicon Valley was in a depression then too. However, while we had zero revenue then, now we have €75m in the bank and there are plenty of opportunities to explore and unlock."

      Dr Horn believes that the timetable for Iona`s return to profitability before the end of the year is still on.

      And he has sent out a novel appeal to ex-employees of Iona - and others with specialist knowledge of the so-called "middle-ware" technology - to bring their business ideas to him.

      "I`m inviting people to come to me. Treat me like a VC [venture capital company]. Bring ideas. I`ll look at them and if they offer the prospect of a return, we will use them."

      He cautioned however that a refreshed and reinvigorated Iona would be even more focused on its specialist computer technology.
      Avatar
      schrieb am 19.05.03 22:18:36
      Beitrag Nr. 18 ()
      unter 1,60 werde ich nochmals nachkaufen - das ist aber dan die letzte position
      mein Kursziel bis 31.12.2003 ist 2,80 USD
      langfristig 2-3 Jahre 4-5 USD
      IONA hat eine solide Cashposition, d.h. totalverlust in den nächsten monaten eher unwahrscheinlich
      Avatar
      schrieb am 12.06.03 23:08:22
      Beitrag Nr. 19 ()
      IONA heute bei 2,62 USD ca. 1 Mio Stk Aktien gehandelt - keine News
      Übernahme ???

      ciao
      feeli


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