Berkeley Technology Share Discussion Threads

[petersmith6] 13/3/2004 12:00

more importantly ....the MM's are some what baffeld.....they must be as they havent frigged with the price for a while. IPO IPO come out come out were ever you are!!

[holdontight] 12/3/2004 22:57

If they sell PKTR, proceeds go to LPAL. So why not create a "business" that noone really understands the mechanics of and apply high cost base to this business, using any PKTR profits to fund these high costs on the promise of pot of gold at the end of the rainbow in the guise of VC?
BEK in a nutshell !

[cjatt0001] 12/3/2004 18:11

The Swede Mr Peter Gyllenhammar 4.9%.

[twirl] 12/3/2004 17:56

cj who`s PG and how much invested

[cmillar] 12/3/2004 16:38

I wonder if there is any legal costs incurred on getting advice about claims by policy holders against BEK.

We were involved in various legal proceedings, including claims for damages
from LPA clients of a nature we consider to be normal for LPA's business. All
proceedings against LPA were resolved prior to the end of January 2004,
resulting in no claims paid or to be paid by us.

Perhaps that has led to admin costs being so high.

[rambutan2] 12/3/2004 13:28

as always, there is a simple answer to all this:
the managers could tell us (the owners) where things stand. lay out their strategy for the future etc etc etc i fail to see how this could damage the business in any way, although it might call into question the abilities of the managers. this whole continual guessing game is so stupid. lets have some openess and a frank appraisal of where things stand and what things are worth. please.

[cjatt0001] 12/3/2004 13:07

The 10k gives some sketchy details in regard to consultancy which is taking place. We are as you all state not in a position to guage the value of these contracts but at least there is some fee income. Lets hope the success fees flow as well. The negative statements in last years 10k have been re-placed by more positive ones and some view as to where income will be generated using their network. Much happier with the situation and I hope I dont have to eat my words on 1st Qtr results in Apr/May. There is a graet deal of value to be unlocked, hope the management find the key and deliver. It is reasuring that PG has invested recently.

[twirl] 12/3/2004 12:22

I agree with stew re fee income.

No info on what they are spending $4m per annum on admin.

Presumably to earn fee income they will need staff who have the capacity to earn it and cover their costs. if they have such staff already then why aren`t they earning it now.

The fact that around 12% of NAV is lost each year to admin is a concern that is not explained by Co and is unnacceptable. Rising asset values disguise it.

[stewjames] 12/3/2004 09:04

I am certain that fee income will support future costs

Why isn't it doing so now, then?

[cjatt0001] 12/3/2004 08:46

The 10k gives us some forward looking statements re strategy. The long read indicates that they are pursuing new business both on the VC front and consultancy. LPAL is also viewed as a moth balled company with some poor headlines but could emerge or be sold on. 15 employed as we know. I am certain that fee income will support future costs and then we wait to unlock value.
There is still a possibility that the $10m guarantees paid down may be partially repaid. Would be better if we knew who these were on behalf of. But still a possibility. 3 years will see LPAL wrapped up.
40p a share in the bank + PE portfolio + contacts in Tech sector and a reviving economy. Hopefully all the bad news has been written. On the whole this 10k very encouraging.

[rambutan2] 11/3/2004 19:18

also agree. so what are they up to?

[adam] 11/3/2004 16:34

Stew James - I agree. I estimate (roughly) $1m burnt last qtr (deducted Q3 from Q4 and corrected for delta in PKTR and private port write down to get net change).

[stewjames] 11/3/2004 13:40

What's to say? So far us shareholders have received none of the value clearly locked up in the company and there's no indication so far that the management have any clue how to deliver in the immediate future. In the mean time, $5M in annual expenses will eat away at our cash.

[petersmith6] 10/3/2004 18:52

NICE TO SEE SO MANY COMENTS ABOUT THE RESULTS!!!

[cmillar] 08/3/2004 14:43

NUFO sale has closed....

Cash distribution of $2.19 per share prior to completion:

[rivaldo] 07/3/2004 13:07

Thx to Siberman on iii for this - details on the Adams Harkness upgrade for Packeteer:

"Packeteer upgraded to "strong buy"
Friday, March 05, 2004 1:53:49 AM ET
Adams Harkness & Hill
NEW YORK, March 5 (New Ratings) - Analyst Joanna Makris of Adams Harkness & Hill upgrades Packeteer Inc (PKTR) from "buy" to "strong buy." The target price is set to $19.

Shares of Packeteer Inc, a leading a supplier of application and bandwidth traffic management systems, are currently trading at $15.37.

According to Adams Harkness & Hill's research note published yesterday, the upgrade in rating is based on valuation. The analyst states that rumors about Cisco and F5 entering the bandwidth segment were responsible for the volatility in the company's share price. Packeteer is unlikely to face any competition from these companies in the near future, the analyst says. Packeteer is poised to benefit from the improving business trends and its monopoly in the enterprise market in the forthcoming years, Adams Harkness & Hill believes. The analyst also believes that the robust demand for Packetshaper Xpress would boost the company's sales in the near future.

According to Adams Harkness & Hill, the company is witnessing robust business trends in the current quarter, despite the weak season. The analyst expects the increase in the company's workforce to exert pressure on its earnings growth in 1H04. The company's revenues are, however, expected to increase substantially during the 2H04, the analyst says.

The EPS estimates for 2004 and 2005 are $0.43 and $0.60, respectively. The P/E estimates for 2004 and 2005 are 35.7x and 25.6x, respectively.

Adams Harkness & Hill upgrades Packeteer Inc from "buy" to "strong buy."

© 2004 New Ratings"

[rivaldo] 04/3/2004 14:41

Bleedin 'ell - amazing but true:



"08:48 PKTR upgraded to Buy at Oppenheimer (14.58 )

Oppenheimer upgrades Packeteer to Buy from Neutral; based on discussions with the co's current and potential competitors and customers, firm does not expect any significant change in the co's competitive environment, nor do they see any reason to believe that demand is slowing. Target is $23.50."

And today Adams Harkness have also upgraded PKTR as well. Could be happy days for PKTR (and BEK) in the next few days.

[rivaldo] 03/3/2004 15:54

Here's an article about VOIP featuring Packeteer:

[rivaldo] 01/3/2004 17:19

Two announcements from Alacritech today. They both sound wonderful to a non-techie like me, particularly Alacritech's coming out on top in the study (commissioned by Alacritech!). I'm sure a techie can put me right if it's just fluffy PR, but it sounds like they're on the right track:



March 1, 2004
Alacritech Ships Low Cost, Top Performing SES1001 iSCSI Accelerator

March 1, 2004
Broad Interoperability for Alacritech iSCSI HBA

Not expecting fireworks from the results, but a decent update on investments held etc would be nice.

[petersmith6] 28/2/2004 21:29

its all gone a little quiet!!! any thoughts on the results any one? im expecting a small loss over all ..sat 3 to 6 million

[cjatt0001] 25/2/2004 12:58

13'S Filed last year all under 5% appart from PKTR - Thought one had to declare a reduction in holdings that were above 5% as they did last year or where voting rights were reduced to 0. All SC 13's to be filed by 14/02.

[adam] 25/2/2004 10:27

under 5% do not need to file 13d



d. Reports by persons acquiring more than five per centum of certain classes of securities
....is directly or indirectly the beneficial owner of more than 5 per centum of such class shall,

[cjatt0001] 25/2/2004 09:37

No 13's filed - so the life belt may be in situ.

[cjatt0001] 23/2/2004 15:28

BKLYY opening trade $2.70 encouraging!!