WSTM - Sector: Services --- Industry: Business Services

[setravis]

 

Press Release Source: Workstream Inc.


Workstream Named As Finalist for 2005 Deloitte Canadian Technology Fast 50
Thursday August 25, 8:30 am ET


OTTAWA--(BUSINESS WIRE)--Aug. 25, 2005--Workstream Inc. (NASDAQ: WSTM - News), a provider of On-Demand Enterprise Workforce Management software and services, has been named to the prestigious 2005 Deloitte Canadian Technology Fast 50 list, a ranking of the fastest growing technology companies in Canada. The annual Technology Fast 50 program is based on the percentage of growth in fiscal year revenues over five years, from 2000-2004. This year a fifth-year revenue threshold has been set to ensure a new standard for excellence. The final 2005 Deloitte Canadian Technology Fast 50 rankings will be announced on September 28, 2005.


"Workstream is honored to be nominated to the Deloitte Canadian Technology Fast 50 list for the third consecutive year", stated Michael Mullarkey, CEO and Chairman of Workstream. "Our investment in Software as a Service, our rapid growth and the broadening of our product breadth will benefit our customers, shareholders and employees for years to come. This reward is a reflection of our commitment to our customers and a reflection of the dedicated employees at Workstream that are a key factor in us achieving this nomination", continued Mullarkey.

To qualify as one of Canada's 50 fastest-growing technology companies, you must be headquartered in Canada, been in business for a minimum of five years and posted minimum revenues of $75,000 in 2000 and $5 million in 2004.

About Workstream Inc.

Workstream provides On-Demand Enterprise Workforce Management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Rewards and Transition. Access to TalentCenter is offered on a monthly subscription basis under an On-Demand software delivery model to help companies build high performing workforces, while controlling costs. With nine offices across North America, Workstream services over 400 customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA, and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK

About Deloitte

© Deloitte & Touche LLP and affiliated entities.

Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 6,100 people in 47 offices. Deloitte operates in Quebec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.



--------------------------------------------------------------------------------
Contact:
    Workstream Inc.
    Tammie Brown, 877-327-8483 ext. 263
    [email protected]



--------------------------------------------------------------------------------
Source: Workstream Inc.

[setravis]

 

I do think it has put in a base.
Resistance @ $1.72...4.30...5.25
Stochastic is Bullish

Technicals
Close Above the 13-day EMA
Percentage Gainer

Last Price Quote is:
0.23%above 13-day EMA
-5.30%below 50-day EMA
RS Rating: 19 

Fundamentals
Key Data:
Market Cap (M): $79.20 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 10/07/2005

****Last Analyst Rating: Strong Buy ****

I'm a buyer

[la-onda]

above 50 (MA) now, I have startetd to trade WSTM also


nice pick

[setravis]

above 50 (MA) now, I have startetd to trade WSTM also


nice pick

Thanks la-onda......It would be nice to see it fill the gap
Wish that volume would pick up.
Good trading

[la-onda]

disapointing end of the day, whats your opinion?

chart:

[setravis]

Press Release Source: Workstream Inc.


DRS Technologies Selects Complete Workstream TalentCenter Solution
Tuesday December 20, 9:15 am ET 
Leading Defense Technology Firm to Implement Workstream's Comprehensive On-Demand Suite to Manage Recruiting, Benefits, Performance, Compensation and Rewards Processes


OTTAWA--(BUSINESS WIRE)--Dec. 20, 2005--Workstream Inc. (NASDAQ: WSTM - News), a provider of On-Demand Enterprise Workforce Management software, today announced that DRS Technologies, Inc. (NYSE: DRS - News), a leading provider of defense-related products and services, has selected the entire Workstream TalentCenter, to control all of its enterprise workforce management processes, including recruiting, benefits enrollment, performance and compensation management and rewards, for a three year term. The solution complements DRS's existing Workstream Succession Planning and Organizational Charting products and also will be accessed through the Workstream TalentCenter.
Workstream TalentCenter provides a simple, predictable approach for automating a broad array of enterprise workforce management processes that help organizations create high performing workforces. Application and services components of the Workstream TalentCenter include:

Workstream Recruitment;
Workstream Benefits and Communications;
Workstream Performance Management; and
Workstream Compensation and Rewards.
All necessary infrastructure services are managed and maintained at Workstream's data center located in Ottawa, Ontario. Companies can securely access the entire Workstream On-Demand TalentCenter suite through a standard web browser, and can turn on only those solutions they need, whenever they need them. Workstream provides companies with the flexibility to either start small and grow over time or deploy the entire TalentCenter solution all at once, as DRS has decided to do.

"Workstream is excited to welcome DRS Technologies as an end-to-end Workstream TalentCenter customer. Our On-Demand suite of HR solutions is steadily gaining momentum in the marketplace and proving to be a compelling alternative for companies looking for robust applications that are easy to use and value priced, when compared with traditional software solutions," said Michael Mullarkey, Chief Executive Officer and Chairman of Workstream. "Simplifying the accessibility and management of HR applications and services has been desperately needed, and we are proud to be leading the HR software revolution with our Workstream TalentCenter solution," continued Mullarkey.

About DRS Technologies

DRS Technologies, headquartered in Parsippany, New Jersey, provides leading edge products and services to defense, government intelligence and commercial customers. Focused on defense technology, DRS develops and manufactures a broad range of mission critical systems.

About Workstream Inc.

Workstream provides On-Demand Enterprise Workforce Management solutions and services that help companies manage the entire employee life cycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Rewards and Transition. Access to TalentCenter is offered on a monthly subscription basis under an On-Demand software delivery model to help companies build high performing workforces, while controlling costs. With nine offices across North America, Workstream services over 400 customers, including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA and Wells Fargo. For more information, visit www.workstreaminc.com or call toll free 1-866-470-WORK.



Contact:
Workstream Inc.
Tammie Brown, 1-877-327-8483 ext. 8263
[email protected]

--------------------------------------------------------------------------------
Source: Workstream Inc.

[setravis]

Press Release Source: Workstream Inc.


Workstream Unveils WebHire Trade-in Program
Thursday December 22, 9:40 am ET 
Workstream Exchange Program Offers Displaced WebHire Customers Free Migration and Integration to Workstream Recruitment and TalentCenter Suite


OTTAWA--(BUSINESS WIRE)--Dec. 22, 2005--Workstream Inc. (NASDAQ: WSTM - News), a provider of On-Demand Enterprise Workforce Management software, today announced a limited time trade-in program that offers companies the opportunity to replace their legacy and existing WebHire Recruiter products at a significant discount.


The Workstream Exchange for WebHire Program is designed to help ease the product transition following Kenexa's (NASDAQ: KNXA - News) sudden acquisition of WebHire. Workstream provides secure, web-based Enterprise Workforce Management solutions and the company currently serves more than 440 customers and more than 10 million employees. Workstream customers include such industry brand names as Home Depot, Best Buy, Nordstrom, Motorola, United Airlines, The GAP, Wells Fargo and United Health Group.

Workstream Exchange Offer:

Workstream guarantees to reduce current WebHire recruiting software costs by up to 50% for qualified WebHire Recruiter and Restrac customers. To take the next step, call 1-866-470-WORK or send an email to [email protected] to schedule a brief, no obligation phone consultation. Workstream will review the customer's current WebHire agreement and within 24 hours provide a written trade-in proposal that will reduce their current WebHire costs by up to 50%.

The Workstream Exchange for WebHire offer begins today, December 22, 2005 and is valid through March 31, 2006.

WebHire customers that currently own WebHire Recruiter are eligible for this unique Workstream Exchange trade-in program, which includes:

Free customer risk assessment of WebHire recruiting solutions based on the sudden acquisition by Kexena;
Free upgrade and migration to Workstream Recruiter 6.0;
Free data migration of candidate and employee files from current WebHire system;
1 year subscription to 6Figurejobs.com; a $17,000 value for WebHire customers who switch before January 31, 2006; and
Significant discount on monthly Workstream Recruitment and other Workstream TalentCenter application fees.
"Many of Workstream's customers were also former WebHire customers," said Kevin Dobbs, EVP at Workstream, "who initially made their purchasing decision back during the Internet "Bubble" days, but times have changed and today's customers want a complete suite of workforce management software solutions that helps them reduce their risks and operating costs, while adding functionality and value."

Workstream customers benefit from:

The industry's leading, reliable on-demand workforce management solutions including - Recruitment, Benefits, Performance, Compensation, Knowledge Management and Succession software;
Access to a team of experienced and talented consultants, ensuring smooth, on-time and on-budget implementations;
Documented and proven cost savings and productivity enhancements; and
Secure, scalable and highly configurable web-based enterprise applications.
"Clearly we want to make it easy for WebHire customers to switch to Workstream so they can quickly start benefiting from our complete set of on-demand recruiting and talent management solutions," said Dobbs. "Integration and data migration can be major roadblocks when switching best-of-breed products, but Workstream has a proven integration and migration toolkit that we have used successfully for our customers who used to use WebHire and other major ERP recruiting solutions. In fact, for some of our customers the switching time can be as little as 48 hours!"

About Workstream Inc.

Workstream provides On-Demand Enterprise Workforce Management solutions and services that help companies manage the entire employee life cycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Rewards, Knowledge Management and Transition. Access to the Workstream TalentCenter is offered on a monthly subscription basis under an On-Demand software delivery model to help companies build high performing workforces, while controlling costs. With nine offices across North America, Workstream services over 400 customers, including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA and Wells Fargo. For more information, visit www.workstreaminc.com or call toll free 1-866-470-WORK.



Contact:
Workstream Inc.
Tammie Brown, 877-327-8483, Ext. 8263
[email protected]

--------------------------------------------------------------------------------
Source: Workstream Inc.

[setravis]

Looking at a 1 year chart.
A Falling Wedge (Reversal) Pattern....Good looking chart with a long basing,buyers reentering
Looks like she just might want to pop out of this pattern to the upside.
Support @ $1.41...1.36...1.34
Resistance @ $1.49...1.52...1.54...1.61

Recent CandleStick Analysis
Very Bullish
Dec-22-2005 Bullish Engulfing 

Technicals
MACD is Bullish
Stochastic is Bearish
Close Above the 50-day EMA
Close Above the 13-day EMA
Percentage Gainer

Last Price Quote is:
12.84%above 13-day EMA
6.88%above 50-day EMA
RS Rating: 17 

Fundamentals
Earnings Expected on Jan 5

Key Data:
Market Cap (M): $61.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 01/05/2006
Last Analyst Rating: Strong Buy

[setravis]

Press Release Source: Workstream Inc.


Workstream Announces General Availability of Workstream Recruitment 6.0
Wednesday December 28, 9:15 am ET 
New Features and Improved Functionality Enhance Overall User Experience, More Than 150 Customers Upgraded Securely On-Demand


OTTAWA--(BUSINESS WIRE)--Dec. 28, 2005--Workstream Inc(TM) (NASDAQ: WSTM - News), a provider of On-Demand Enterprise Workforce Management software, today announced the general availability of Workstream Recruitment 6.0, a product available as part of the Workstream TalentCenter suite or as a stand alone solution. Workstream Recruitment 6.0 is a pure on-demand product that can be implemented quickly to help companies streamline their recruiting process and improve the quality of their workforces.


As part of this rollout, more than 150 Workstream Recruitment customers were seamlessly and securely upgraded to this new release during a 24 hour window. Because Workstream Recruitment 6.0 is a pure on-demand solution, new features can be delivered quickly and transparently over the Internet, which saves customers time and expense, unlike traditional on-premise software solutions that need to be re-installed or customized.

Workstream Recruitment has been generally available since 1999 and has always been offered as an on-demand solution, servicing more than 150 customers across North America including AC Nielsen, Ball Aerospace, Best Buy Canada, Nordstrom, PharMerica, Pride Industries, The Shaw Group, University Health Network and Tektronix.

"Workstream Recruitment 6.0 provides proof that Workstream is committed to building and delivering high quality, on-demand application solutions using our world-class development team," stated Michael Mullarkey, CEO and Chairman of Workstream Inc. "Workstream currently services more than 150 North American recruiting customers and we look forward to offering safe passage to the many organizations currently using out-dated recruiting platforms through our recently announced Workstream Exchange program."

Workstream Recruitment allows customers to automate and manage their entire recruiting process from candidate targeting and attraction, through requisition generation, interviewing, screening and hiring. Workstream Recruitment can be implemented rapidly to help HR professionals, recruiters and hiring managers, sometimes in as little as a week.

Key Features of Workstream Recruitment 6.0:

Enhanced User Experience - Workstream has streamlined the overall user experience for recruiters, hiring managers and HR professionals to significantly reduce the time associated with the recruiting process from requisitioning through on-boarding.
Pure On-Demand - Workstream Recruitment 6.0 can be deployed rapidly compared to other recruiting solutions. Upgrades are securely and seamlessly passed to customers over the Internet.
Highly Configurable - Release 6.0 is flexible and has many features that can be easily switched on or off based on customer needs and preferences.
Unlimited Career Sites - Customers can have multiple recruitment sites targeted at attracting different types of applicants - internal sites on the Intranet, external sites on the corporate website career pages and even college recruitment sites.
Overall Recruitment Process Automation - Workstream pulls the entire recruitment process together, including improved features such as advanced search, integration with Microsoft Outlook(TM), targeted job libraries and customizable document generation.
To learn more about the Workstream Exchange program visit our website at http://www.workstreaminc.com.

About Workstream Inc.

Workstream provides On-Demand Enterprise Workforce Management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Rewards, Knowledge Management and Transition. Access to the Workstream TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With nine offices across North America, Workstream services over 400 customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA, and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK



Contact:
Workstream Inc.
Tammie Brown, 877-327-8483 ext. 8263
[email protected]

--------------------------------------------------------------------------------
Source: Workstream Inc.

[setravis]

Technicals
Percentage Gainer

Last Price Quote is:
8.75%above 13-day EMA
19.91%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $98.96 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 04/06/2006
Last Analyst Rating: Buy

[relleno]

EASY 50 - 400% GAIN THIS WEEK

Less than  2 trading days until formal Buyout announcement...

Seeeking Alpha said a year ago that $4+ is a reasonable target price for WSM's buyouT. I will be happy with $2

During the 2Q 2008 earnings 2Q CC held on January 9, 2008, company officials said that they've signed a letter of intent for the merger with a company in the same sector. They expect to close and make an announcement by 1/25/2008.

According to management the combined company will be the 2nd or 3rd largest company in the sector. No word on who the suitor is.

I expect that the buyout price will be significantly higher than current pps based on typical buyout metrics in the sector, and also on comments made by management during the CC.

A question during the CC was about the estimated price of the transaction. The CEO answered the question by hinting that the transaction price will not be based on the current price which is ridiculously undervalued. He said that the price will be based on the true potential of the company, on how much the company invested over the years, on the huge NOL accumulated to date, on the blue chip customer base, the signicant uptick in recent bookings as well as backlog.....etc. All this makes me think that the buyout price will be close to $2/share. Not long ago Seeking Alpha estimated the buyout price at $4 based on his criteria.

Make your own conclusions by listening to the CC which is in the Investor Relations sections of the company website. Don't miss the boat here. WSTM is just starting to move up and much higher prices are almost certain in less than 2 weeks

WSTM is in the right place at the right time. The company has a complete suite of software products for human management, and business intelligence (BI). This sector is recession proof and expected to grow at double digit rates for the next several years.

Here is the 12/31/2007 merger announcement (for the CC go to the WSTM site)

Workstream Inc. Reports Unsolicited Offer of Potential Merger

Monday December 31, 8:30 am ET

BURLINGAME, Calif.--(BUSINESS WIRE)--Workstream Inc. (NASDAQ: WSTM - News), a leading provider of on-demand compensation, performance and talent management solutions, today announced that it has received an unsolicited offer from a US based payroll business to determine the viability of a merger between the two entities.

Any transaction between the two entities will be subject to the standard conditions including the completion of due diligence, regulatory approval, shareholder approval, board approval and the required valuations.

ABOUT WSTM:

Workstream (Nasdaq: WSTM) provides enterprise workforce management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. It's solutions are offered on a monthly subscription basis, under a Software as a Service (SaaS) model that help companies cost-effectively maximize workforce productivity, engagement, and satisfaction by applying business discipline to key people processes.

WSTM has a star-studded customer list, which includes Chevron, Eli Lilly Canada, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA, and Wells Fargo as clients. Insiders own 16% of the company and institutions over 40%. The company has a solid balance sheet and trades 1/3 lower than the sector average.

[relleno]

Hear the Chaiman's comments about the buyout....make your own conclusions.


A replay of this conference call will be available through February 8, 2008 by dialing 888-203-1112 (domestic) or 719-457-0820 (international) using passcode 4344351.

[setravis]

Use the Search Please...


"WSTM" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                  
All history on a stock pick in 1 thread is awesome.                                               
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                     
Thank You....and good luck with all your trades....make some $$$