Feeds

Stac edges back towards profit

But it's a long while since its 15 minutes of fame...

  • alert
  • submit to reddit

High performance access to file storage

Stac has reported its Q4 results, with revenue for the quarter up 28 per cent on the year-earlier quarter, and 7 per cent on the previous quarter. Revenue increased quarter by quarter through the financial year. The net loss for continuing operations was $221,000, but after restructuring costs Stac would have been just in profit. A year earlier, the quarterly loss was $7.8 million. During the last quarter, Stac included a valuation allowance for deferred tax assets, with a one-time charge of $6.4 million for income taxes. Stac has around $30 million in cash and no debt, or some $5 per share. With the share price at $3.625 (closing 5 per cent down last night) this is rather remarkable. During the financial year, Stac spun-off its semiconductor subsidiary and paid a dividend to shareholders. John Ticer, Stac's CEO, said he thought the company was now well-positioned for growth in the new fiscal year, with a product line based on support for the remote recovery of unmanaged remote systems. Stac's 15 minutes of fame came in 1993 when it sued Microsoft after its demand for a worldwide license to use Stac's software as part of DOS. Microsoft steadfastly refused to pay Stac any royalty for its patented data-compression technology and simply incorporated Stac's intellectual property directly into DOS. After a four week trial and a less-than-stellar performance in the witness box by Gates, a federal jury found Microsoft guilty of infringing Stac's data compression patents and awarded Stac $120 million in damages. Microsoft settled the case by acquiring a 15 per cent interest in Stac, and obtained a license to Stac's vital data compression technology for a fraction of the jury's verdict. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.