aldn
P/E (ttm): 20.46
PERIOD ENDING .....2007...31-Dec-06 .31-Dec-05 .31-Dec-04
Retained Earnings .........43,344 . 29,313 .. 16,957 <===
Total Revenue ...105,882..89,038 . 81,773 ... 69,121 <---
Sale (buy) Stock ..........835 .39,263 ...... 3,642
Net Borrowings .............0........0.........0 <---
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Qtrly Revenue Growth (yoy): 20.00% <---V.Good
Qtrly Earnings Growth (yoy): -22.30% <---bzzzt
Total Debt (mrq): 0 <-----------------xlnt
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Shares Short (Feb08): 42.12K
Shares Short (as of 11-Mar-08): 91.27K <--increasing
Short % of Float (as of 11-Mar-08): 8%
..
Aladdin Knowledge Systems, Ltd., together with its subsidiaries, provides
security solutions that reduce software theft, authenticate network
users,
and protect against spam and viruses. It operates in two segments,
Software
Digital Rights Management (DRM) and Enterprise Security. The DRM
segment's
HASP products include HASP HL and HASP NET, hardware-based software
security systems; and HASP SRM, a software marketing, licensing, and
distribution platform. These products allow software publishers to manage
licensing and distribution of software. The Enterprise Security segment
develops and markets its patented USB-based eToken hardware solution for
authentication and digital identity management using a ****table device;
and
the eSafe line of integrated content security solutions that protects PCs
and networks against viruses, worms, spam, spyware, and nonproductive and
malicious Internet-borne content. The company markets and sells its DRM
products directly, as well as sells through a network of independent
distributors; and enterprise security solutions through distributors,
value-added resellers, system integrators, and original equipment
manufacturers. Aladdin Knowledge Systems sells its products in the United
States, the United Kingdom, Germany, France, the Netherlands, Spain,
Italy,
China, India, and Japan. The company was founded in 1985 and is
headquartered in Petach Tikva, Israel.
----------------------
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FROM THE FORM 20F ANNUAL RE****T:
· Regulatory compliance. A growing number of guidelines and regulations,
such as the Sarbanes-Oxley Act (SOX), Health Insurance ****tability and
Accountability Act (HIPAA), the Federal Financial Institutions
Examination Council’s (FFIEC) Authentication Guidance, Basel II, and
more, hold organizations responsible for the integrity of their business
data and for the protection of personal information that has been
entrusted to them. Enterprises worldwide are feeling increasing pressure
to comply with these guidelines and many allocate a key ****tion of their
IT security spending for this purpose. Enterprises are adopting strong
authentication to enhance compliance by enabling secure user access and
providing an attestable method for protecting internal data and networks.
A key directive that influences the authentication market, is FIPS 201 in
the US federal government sector. Based on this directive, federal
institutes will require secure access solutions that comply with FIPS 201
certification. We believe that this requirement will move into the
enterprise sector in the future
-----
In January 2008, we increased our shareholdings in Athena to 38.8% by
investing an additional $3 million in Athena. As part of this
transaction, we were granted an option, exercisable in 2011, to acquire
the entire share capital of Athena
-----
Equity Investments
As of December 31, 2007, we invested approximately $8.1 million in two
related private investment funds managed by Tamir Fishman Ventures
Management II Ltd. Each of these funds invests primarily in securities of
privately-held technology companies in Israel. In 2002, we recognized an
impairment charge of $1.0 million related to these investments and we may
recognize additional impairment charges in the future. We have a
commitment to invest an additional $200,000 in these entities. In April
2006 and in April 2005, as a result of exit transactions for ****tfolio
companies managed by Tamir Fishman Ventures Management II Ltd., we
received cash proceeds of $1.7 million and $910,000, respectively. The
proceeds from these distributions received in 2005 and 2006 were recorded
as a return of investment.
In February 2008, we sold approximately 52% of our investment in the
investment funds managed by Tamir Fishman. The consideration was $2.9
million and the net gain was $614,000. We expect to sell the remainder of
this investment during 2008.
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http://stockcharts.com/charts/gallery.html?aldn
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entry : below $20 perhaps $15 $18
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