StockIceMan's Weekly Stock Pick
Week of
February 9th, 2004
| Stock: |
Acacia
Technologies Group |
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|
| Ticker Symbol: |
ACTG - Nasdaq -
Semiconductors |
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|
| Buy: |
6.25 to 6.50 |
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|
| Sell: |
10.00 + |
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| Info: |
Acacia
Technologies Group, the media
technologies business of Acacia
Research Corporation, owns
patented intellectual property in
the media technologies sector.
Acacia Technologies owns digital
media transmission (DMT)
technology enabling the
digitization, encryption,
storage, transmission, receipt
and playback of digital content.
The DMT technology is utilized by
a variety of companies, including
cable companies, hotel in-room
entertainment companies, Internet
movie companies, Internet music
companies, online adult
entertainment companies, online
learning companies and other
companies that stream audio or
audio/video content. Acacia
Technologies also owns technology
known as the V-chip. The V-chip
was adopted by manufacturers of
televisions sold in the United
States to provide blocking of
certain programming based upon
its content rating code. |
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|
| Financial Info: |
For the
nine months ended 9/30/03,
revenues rose from $43 thousand
to $211 thousand. Net loss from
continuing operations fell 63% to
$4.4 million. |
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|
| Key Ratios: |
Current
Ratio: 9.80; Total Debt/Equity: 0.00,
P/E: N/A, Price/Book: 3.74, Price/Sales:
633.79 |
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|
| Share Info: |
There are 19.72
million shares outstanding with
19.50 million shares in the
trading float. Institutions own
approximately 7.24% of the shares
outstanding. There have been no
insiders buying or selling shares
in the last six months. Real-Time SEC
Filings
As of 1/8/2004, there were 166,000
shares short.
Net Institutional Selling: 81,000
shares: prior to latest quarter. |
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| Articles: |
Acacia
Technologies Adds to Patent
Acquisition Team |
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