Hi,
FORG is an uptrend...
News :
Forgent Announces Patent License Agreement With Electronics for Imaging, Inc.
License With California Based Digital Imaging and Print Management Company
10/31/2005 11:05:57 AM
AUSTIN, TX, Oct 31, 2005 (MARKET WIRE via COMTEX) -- Forgent(TM) Networks (FORG) along with its wholly owned subsidiary, Compression Labs, Inc. ("CLI"), today announced that it has concluded a Patent License Agreement ("Agreement") with Electronics For Imaging, Inc. ("EFI") (EFII) covering Forgent's data compression technology embodied in U.S. Patent No. 4,698,672 (the '672 Patent). EFI is the world leader in digital imaging and print management solutions for commercial and enterprise printing. Other terms of the Agreement were not disclosed.
Forgent has pending litigation against approximately 40 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California. Following the filing of the litigation, six companies that were defendants have entered into license agreements.
Since its inception over three years ago, Forgent's intellectual property program has generated more than $100 million in revenues primarily from licensing the '672 Patent to more than 40 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners, and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation, and Forgent Networks, Inc.
Cf charts
Nice pop today for FORG. Went from $1.70 to $2.80 in minutes after announcing a settlement with Yahoo, then pulled back and based between 2.20-2.30 for the rest of the day. Bares watching. Not for the faint of heart, this stock can pop or drop real quick on news.
Ascending Triangle (Continuation) Pattern.....Breakout ! ;D
Applaud the nice pick sebfr !!! ;)
Support @ $2.15...2.01...1.94
Resistance @ $2.23
Technicals
MACD is Bullish
Stochastic is neutral
Percentage Gainer
Last Price Quote is:
24.33%above 13-day EMA
37.88%above 50-day EMA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $52.94
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Mkt Perform
Press Release Source: Forgent Networks
Forgent Announces Patent License Agreement With Océ North America
Thursday December 29, 11:08 am ET
Océ to Be Dismissed From '672 Patent Litigation
AUSTIN, TX--(MARKET WIRE)--Dec 29, 2005 -- Forgent(TM) Networks (NasdaqNM:FORG - News) along with its wholly owned subsidiary, Compression Labs, Inc. ("CLI"), today announced it has concluded a Patent License Agreement ("Agreement") with Océ North America, a wholly owned subsidiary of Netherlands-based Océ N.V. (NasdaqNM:OCENY - News) covering Forgent's data compression technology embodied in U.S. Patent No. 4,698,672 (the '672 Patent), and will be dismissed from the '672 Patent litigation. Océ is a leading provider of digital document management technology and services. Other terms of the Agreement were not disclosed.
Forgent has pending litigation against approximately 40 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California. Following the filing of the litigation, eight companies that were defendants have entered into license agreements.
Since its inception more than three years ago, Forgent's intellectual property program has generated more than $105 million in revenues primarily from licensing the '672 Patent to more than 50 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation and Forgent Networks, Inc.
About Forgent
Forgent(TM) Networks (NasdaqNM:FORG - News) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.
Contact:
Investor contact:
Michael Noonan
512.437.2476
Email Contact
Media contact:
Lee Higgins
512.794-8600
Email Contact
--------------------------------------------------------------------------------
Source: Forgent Networks
After taking a big hit a few months ago. FORG seems to be ready to break from it's sideways movement with a close above .45. Lots of room above ;D
One to watch here.
Revenues doubled and positive earnings!
1.00
FORG is cheap as hell. Even Kmart looks expensive. lol
In at 0.82.
From the 8k:
"Fiscal First Quarter Results
Revenue was $9.1 million for the fiscal first quarter compared to $4.4 million for the 2006 fiscal fourth quarter. Overall operating expenses of approximately $2.6 million decreased by $100,000 from the prior quarter. The company reported profit of $2.7 million or $0.11 per share for the first fiscal quarter of 2007, as compared to a net loss of $0.3 million or $0.01 per share for the fourth quarter of 2006. Cash and cash equivalents were $15.0 million for the quarter.
Outlook
Forgent expects to continue to generate IP licensing revenue in the 2007 fiscal year. However, predicting the timing and amounts will be complicated because of the uncertainty of licensing negotiations and due to the ongoing litigation. In addition, we believe NetSimplicity will continue to be a growth business for Forgent."
www.sec.gov/Archives/edgar/data/884144/000110262406000352/forgentnetworksinc8.htm
Charts
Intraday bull pennant closing. Last chance to get in before push over $1.
It just broke to the downside. I was ready to jump on if it went the other way.
Just broke resistance at 0.91. It should run now.
I heard the confrence call.the company seems to be on right track.I got in but at the end of the call there was only one analyst call.When the big boys are not following, movement slows.In the long run this stock should do really good
Volume has picked up again. Should take it over $1 today. This is a NASDAQ stock, not a BB, so fair value of $1.50-2.00 short term is very possible.
You snooze you lose. Going higher. :o
"FORG" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist....Update that thread.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$ 8)
I will leave the chart while I'm here.
Has made a breakout from the Symmetrical Triangle (continuation) Pattern
The news> volume surge and price action
• Forgent records revenue jump...
• Forgent shares rally; co. swings to profit in first quarter...
They own the patents on JPEG/images
DVR's is another plus 5 years from now. Deal with google should be interesting, since its non-disclosure for all these patents claims, never know how much each one gave FORG, but earnings should give a decent picture.
Now, Forgent has litigation pending against 12 companies in the United States District Court for the Eastern District of Texas in Tyler for infringement of another patent.
52wk Range: 0.32 - 3.27
Volume: 9,950,441
Avg Vol (3m): 251,674
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
105.59%above 13-day MA
116.93%above 50-day MA
RS Rating: 99
Fundamentals
Earnings Expected on Dec 8
Key Data:
Market Cap (M): $9.41
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Mkt Perform
Thanks for combining threads. Accidentally "smited" you for it but made up for it with a hefty "applaud." Thanks.
On December 11, Richard Snyder, Chairman and CEO of Forgent(TM) Networks, Inc. (Nadsaq: FORG) updated the investment community in an all-new interview with www.wallst.net . Interview highlights include detailed discussions on the following topics:
- the company's "deep technology roots"
- enterprise software solutions
- industry trends bolstering the company's prospects for near-term growth
- reasons the company has a competitive edge in the marketplace
- low cost model to drive customers
- management bios
- upcoming milestones for investors to watch for
To hear the interviews in their entirety, visit http://www.wallst.net , and click on "Interviews." Interviews can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" page or by entering the respective company's ticker symbol in the Search Archive window at the bottom of the "Interviews" page.
Moving on up.....
52wk Range: 0.32 - 3.27
Volume: 2,873,571
Avg Vol (3m): 702,391
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
55.28%above 13-day MA
113.64%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $9.41
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Mkt Perform
Don't know how much more FORG has left but volume suggests more.
Looking for an entry tomorrow around support which is near the 1.34 where FORG closed Tuesday, if the steep trendline is to hold.
Keep climbing those Steps. ;D
Darn...missed this one this morning even when the MM's dropped it to 1.25. :-\
Looking good though ;D
AP
Volume Spikes: OSCI ZICA FORG BCON
Friday December 29, 1:20 pm ET
Oscient Pharmaceuticals Trading Volume Surges As European Marketing Opportunities Expand
NEW YORK (AP) -- The following companies showed unusually heavy volume in Friday afternoon trading on the Nasdaq Stock Market. Higher-than-normal volume can indicate increased activity by institutions such as mutual funds and insurance companies. Upward stock movement on such volume can show higher investor confidence, while selling can signal pressure on a stock.
Oscient Pharmaceuticals Corp. traded more than usual after it said it amended a contract for its Factive antibiotic with LG Life Sciences Ltd. to include several European countries in the licensing agreement. Trading volume increased to 2.6 million from a usual daily volume of 110,000. Shares added $1.12, or 27 percent, to $5.32.
ZI Corp., which makes text-prediction software for wireless handsets, traded heavily after it said its board now includes Milos Djokovic, Donald Hyde, Michael Lobsinger, Donald Moore, Robert Stefanski and Richard Tingle. Volume increased to 2.3 million shares, contrasted to a usual daily volume of 246,000, while shares rose 38 cents, or 19 percent, to $2.43.
Forgent Networks Inc., which makes scheduling software and data compression products, saw its trading volume surge seven times its usual to about 4.8 million shares, moving on no immediately available news. Shares added 32 cents, or 23 percent, to $1.69.
Beacon Power Corp. traded four times more heavily than usual, with about 1.9 million shares moving, after the company said a preproduction unit of its new storage and energy delivery product malfunctioned. Shares fell 12 cents, or 10.7 percent, to 97 cents.
keeps on a keeping on....
Recent CandleStick Analysis
Very Bearish
Dec-29-2006 Inverted Hammer
Dec-26-2006 Inverted Hammer
Support @ $1.51...1.23...1.10
Resistance @ $1.72
Headline News Link.....
http://finance.yahoo.com/q/h?s=FORG
52wk Range: 0.32 - 3.27
Volume: 7,261,873
Avg Vol (3m): 1,030,220
Technicals
Most Actives
Percentage Gainer
MACD is Bullish
Last Price Quote is:
35.23%above 13-day MA
95.09%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $9.41
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Mkt Perform
Quote from: setravis on December 29, 2006, 08:23:04 PM
keeps on a keeping on....
Recent CandleStick Analysis
Very Bearish
Dec-29-2006 Inverted Hammer
Dec-26-2006 Inverted Hammer
I certainly agree that today's is an inverted hammer. Yahoo and stockcharts both show it touched 2.0 today. However how much volume was traded above 1.8? I have a feeling it was very little volume - almost like a market maker shafted someone on a market order. So the inverted hammer may not be as bad as it looks. Sorry I don't have any data to back up what I'm saying it's just a "gut feeling" I have. If anyone has data to show the volume of trades above 1.8 please share it.
Today really was great though! I entered this morning at 1.45 just before it really took off. Let's hope it holds the gains and then some. ;D
Jason
Press Release Source: Forgent Networks
Forgent Meets NASDAQ Global Markets Listing Requirements
Wednesday January 3, 9:00 am ET
Stock Trades in High Volumes
AUSTIN, TX--(MARKET WIRE)--Jan 3, 2007 -- Forgent(TM) Networks (NASDAQ:FORG - News) was notified on December 29, 2006 by NASDAQ that the company has regained bid price compliance after maintaining a share price in excess of $1.00 for ten consecutive trading days. Due to its compliance with NASDAQ Marketplace Rule 4450 (a) (5), Forgent no longer faces a potential delisting from the NASDAQ Global Market Exchange.
"We are pleased that the market is recognizing the value of Forgent and that the situation has corrected itself well within the timeframe allowed by NASDAQ," commented Richard Snyder.
About Forgent
Forgent(TM) Networks (NASDAQ:FORG - News) develops and licenses intellectual property and provides scheduling and asset management software to a wide variety of organizations. Forgent's intellectual property licensing program is related to communication technologies developed from its patent portfolio. Forgent's software division, NetSimplicity, develops software that simplifies day-to-day office administration tasks. The products are specifically designed for the management and scheduling of rooms, equipment, assets and resources. For additional information please visit www.forgent.com.
Safe Harbor
This release may include projections and other forward-looking statements that involve a number of risks and uncertainties, and actual results in future periods may differ materially from those currently expected. Some of the factors that could cause actual results to differ materially include changes in the general economy or in our industry, rapid changes in technology; sales cycle and product implementations; risks associated with transitioning to a new business model and the subsequent limited operating history; the possibility of new entrants into our software markets, the possibility that the market for the sale of certain software and services may not develop as expected; or that development of these software and services may not proceed as planned; the risks associated with the company's license program, and including risks of litigation involving intellectual property, patents and trademarks. Additional discussion of these and other risk factors affecting the company's business and prospects is contained in the company's periodic filings with the SEC.
Contact:
Investor contact:
Jay Peterson
512.437.2476
Email Contact
Media contact:
Lauren Peters
512.794.8600
Email Contact
--------------------------------------------------------------------------------
Source: Forgent Networks
Nearing a Golden Cross.
Recent CandleStick Analysis
Very Bullish
Jan-04-2007 Bullish Harami
Support @ $1.50...1.39...1.16
Resistance @ $1.85...2.00
52wk Range: 0.32 - 3.27
Volume: 4,470,607
Avg Vol (3m): 1,192,100
Technicals
Percentage Gainer
MACD is Bullish
Last Price Quote is:
41.88%above 13-day MA
107.40%above 50-day MA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $9.41
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Mkt Perform
FORG looks to be ready to run up again. 200ma is crossing over 50ma.
Dutton Associates Announces Investment Opinion: Forgent Networks Speculative Buy Rating Maintained By Dutton Associates
EL DORADO HILLS, Calif., Jan 30, 2007 (BUSINESS WIRE) -- Dutton Associates updates its coverage of Forgent Networks (Nasdaq:FORG), maintaining a Speculative Buy rating and a target price of $2.40. The 11-page report by Dutton senior analyst Richard West, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
Forgent Networks' successful program of licensing its intellectual property, generated revenue of more than $122.0 million in fees over the past five years. Since our October 10, 2006, Research Report, Forgent's Intellectual Property program has suffered some setbacks and is now waiting upon possible settlements in the outcome of the pending trial for the '746 patent. In the face of the uncertainty surrounding the '746 Patent litigation, we lowered our rating to Neutral on December 1, 2006. However, considering Forgent's cash position, the Court's denial of a motion to stay the '746 Patent litigation pending the outcome of the US Patent Office re-examination of the '746 Patent, its maintaining listing on the NASDAQ Global Market Exchange, and that its common stock has moved up from the first of December price of $0.50 per share to its current level of $1.60 per share on heavy volume (3.2 million daily average shares in the month of December), we reiterate our January 3rd rating of Speculative Buy with a 12-month price target being set at $2.00 per share. We caution investors to consider the risks of the unknown results from the '746 Patent litigation, which is scheduled for trial in May 2007.
http://www.jmdutton.com/research/forg/notes/forg_note_021907.pdf
Forgent: Court issues '746 patent claims construction ruling
Briefing.com - February 21, 2007 9:02 AM ET
Co announced that on Friday, February 16, 2007, the US District Court for the Eastern District of Texas, Tyler Division, issued a claims construction ruling in the 6,285,746 patent ("'746 patent") litigation. Additionally, the court denied Defendant Echostar Technologies Corporation's motion for summary judgment for invalidity due to indefiniteness. "We continue to believe in the strength and value of the '746 patent and we are pleased that this litigation remains on track for a May 2007 trial."
up 7.95 % pre market >:D
May 18 (Reuters) - Forgent Networks Inc. (FORG) said DirecTV Inc. agreed to pay $8 million as part of a patent lawsuit settlement related to a computer controlled video system that allows playback during recording.
Forgent agreed to grant a patent license to DirecTV and both parties agreed to release all claims against each other as part of the settlement, the company said in a regulatory filing.
In July 2005, Forgent, a maker of scheduling software, had sued 15 companies for allegedly infringing upon its patent.
In April this year, the company said it settled the lawsuit with nine out of 15 companies and would get $20 million from them. (Reporting by Shikhar Balwani in Bangalore)
Forgent Earnings Conference Call (Q3 2007)
Scheduled to start Wed, May 30, 2007, 11:00 am Eastern
Link....... http://biz.yahoo.com/cc/9/81589.html
52wk Range: 0.32 - 2.00
Volume: 1,132,823
Avg Vol (3m): 531,975
Technicals
13-day EMA Cross Above 50-day MA... ;)
Close Above the 50-day MA
Close Above the 13-day MA
Percentage Gainer
MACD is Bullish
Stochastic is Bullish
Last Price Quote is:
9.16%above 13-day MA
9.98%above 50-day MA
RS Rating: 29
Fundamentals
Earnings Expected on May 30
Key Data:
Market Cap (M): $33.02
P/E Ratio: 14.22
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Mkt Perform
Support @ $1.19...1.10...1.03
Resistance @ $1.31...1.45...1.51
Recent CandleStick Analysis
Bullish
May-18-2007 Bullish Engulfing