Feeds

Stac edges back towards profit

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

  • alert
  • submit to reddit

Build a business case: developing custom apps

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
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.