Feeds

Stac edges back towards profit

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

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

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. ®

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.