Reference Checks

By Joshua Weinberger  |  Posted 2003-05-01 Email Print this article Print
 
 
 
 
 
 
 

VCON's revenues may have taken a beating, but its market share has held steady in the realm of personal (or desktop) equipment.

Reference Checks

TEXAS DEPT. OF HUMAN SERVICES

Gene Earley

Videoconferencing Project Lead

(512) 438-5036

Project: The state office has $35K invested in pilot devices—two MediaConnect 8000s and a dozen or so Escorts—but most are not yet deployed, due to financial constraints.

CELL MIGRATION CONSORTIUM

Hal Noakes

Network Administrator

(434) 982-2022

Project: The University of Virginia-based research initiative has spent about $200K on its videoconferencing equipment, including roughly 40 ViGos, a MediaConnect 9000, and Media Xchange Manager (MXM).

PROJECTVIEW

Sal DeAngelo

Technical Services Coordinator

(518) 370-8100 Ext. 120

Project: As part of a five-year, $10M grant to connect classrooms and "content providers" across New York, 12 ViGos, roughly 40 Escorts, a rebranded MediaConnect 8000 and MXM are all being used.

ACCESS SYSTEMS AMERICA

Arnold Haan

MIS Manager

(510) 438-7728

Project: Wireless-software firm had to deploy VCON Cruiser to match its Japanese parent.

ACTUA

Jennifer Flanagan

CEO

(613) 234-4137

Project: Canadian nonprofit organization has deployed 28 ViGos to facilitate its annual efforts to increase youngsters' scientific and technical literacy.

AUBURN UNIV. COLLEGE OF VETERINARY MEDICINE

Charles E. Branch

Professor

(334) 844-5414

Project: Uses a ViGo himself; evaluated the MediaConnect and liked it, but opted instead for a Polycom ViewStation FX, for administrative reasons.

Executives listed here are all users of VCON videoconferencing products. Their willingness to talk has been confirmed by Baseline.

VCON OPERATING RESULTS*

2002 2001 2000

Revenue $20.2M $26.6M $36.2M

Gross margin 47.7% 24.0% 46.1%

Operating loss -$5.4M -$10.7M -$3.8M

Net loss -$6.7M -$11.5M -$6.5M

Net margin -33.3% -43.2% -18.1%

Earnings per share -$0.47 -$1.00 -$0.68

R&D expenditure $5.0M $6.1M $7.0M

*Fiscal year ends Dec. 31

Source: company reports

OTHER FINANCIALS**

Total assets $23.4M

Cash & equivalents $6.0M

Long-term debt $3.2M

Debt-equity ratio‡ 24.4%

Accumulated deficit $55.9M

Shares outstanding 14.3M

Market value at 4/29 $5.5M

**As of Dec. 31, except as noted

‡ long-term debt÷stockholders' equity



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Assistant Editor
joshua_weinberger@ziffdavisenterprise.com
After being on staff at The New Yorker for five years, Josh later traveled the world, hitting all seven continents in a single year. At Yale University, he majored in American Studies, English, and Theatre Studies.

 
 
 
 
 
 

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