StockIceMan's Weekly Stock Pick
Week of July
28th, 2003
| Stock: |
724 Solutions,
Inc. |
| |
|
| Ticker Symbol: |
SVNX - Nasdaq -
Software & Programming |
| |
|
| Buy: |
2.75 to 1.90 |
| |
|
| Sell: |
5.00 + |
| |
|
| Info: |
724
Solutions Inc. offers reliable,
scalable technology and solutions
for mobile network operators and
financial institutions. The
Company's products and solutions
for the mobile network operators
were branded as the X-treme
family of products. These
products consist of software
applications and infrastructure
software that enables the
delivery of secure applications
and mobile transaction solutions
to a wide range of Internet-enabled
communications devices. 724's
financial solutions allow
financial institutions to have an
intelligent and proactive
interaction with their retail and
commercial banking clients, thus
allowing them to improve customer
satisfaction and retentions,
while, at the same time, lowering
their operating costs. In
addition, it offers a services
suite that includes professional
services, training services,
support and application hosting.
These services are designed to
quickly deliver cost-effective
solutions. |
| |
|
| Financial Info: |
For the
three months ended 3/03, revenues
fell 22% to $3.5 million. |
| |
|
| Key Ratios: |
Current
Ratio: 2.96; Total Debt/Equity: 0.00,
P/E: N/A, Price/Book: 0.48, Price/Sales:
0.88 |
| |
|
| Share Info: |
There are 5.98
million shares outstanding with 2.50
million shares in the trading
float. 14 institutions own
approximately 6% of the shares
outstanding. There have been no
insiders buying or selling shares
in the last six months.
As of 7/8/2003, there were 147,000
shares short.
Net Institutional Selling: 143,000
shares: prior to latest quarter. |
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|
| Articles: |
MTC-Vodafone -
Kuwait Selects 724 Solutions X-treme
Mobility Gateway |
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