StockIceMan's Weekly Stock Pick
Week of
July 25, 2005
| Stock: |
ESS Technologies,
Inc.
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| Ticker Symbol: |
ESST - Nasdaq - Specialized
Semiconductors |
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| Buy: |
4.50 to 4.75 |
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| Sell: |
9.00 |
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Info: |
ESS Technology, Inc.
engages in the design, development, and
marketing of analog and digital processor chips,
imaging sensor chips, digital amplifiers, and
camera lens modules worldwide. Its digital
processor chips are the primary processors
driving digital video and audio devices,
including DVD, video CD, consumer digital audio
players, and digital media players. The
company’s imaging chips utilize complimentary
metal oxide semiconductor sensor technology to
capture an image for digital still cameras and
cellular camera phone applications. ESS
Technology’s digital amplifiers increase the
digital sound to a level required to drive
loudspeakers in applications, such as DVD and CD
players, home theater systems, audio receivers,
boom boxes, and televisions sets. Its camera
lens modules provide camera capabilities to
electronic devices, such as cellular phones and
personal digital assistants. The company also
offers encoding processors for digital video
recorders, recordable DVD players, digital still
cameras, and digital camcorders. In addition, it
supplies chips for use in modems, other
communication devices, and PC audio products.
ESS Technology markets its products through
direct sales force, distributors, and sales
representatives. It serves consumer digital
entertainment, digital home, and camera-enabled
cellular phone markets. The company was founded
in 1984 and is headquartered in Fremont,
California. |
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| Financial Info: |
For the 3 months ended
3/31/05, net revenues decreased 44% $42.8
million. Net loss totaled $24 million, versus an
income of $3.3 million |
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| Key Ratios: |
Current
Ratio: 1.95, Total Debt/Equity: 0.00, Trailing
P/E: N/A, Forward P/E: N/A, Price/Book:
1.11, Price/Sales:
0.84 |
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| Share Info: |
There are 39.80
million shares outstanding with 35.49
million shares in the trading
float. Institutions own
approximately 67.70% of the shares outstanding.
There have been no insider purchases
and no insider sales in the last six months.
Real-Time SEC
Filings
As of 6/10/2005, there were 1.71 million shares short.
Net Institutional Buying: 183,750
shares prior to latest
quarter. |
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| Articles: |
ESS TECHNOLOGY INC Files
SEC form 8-K, Entry into Material Agreement |
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