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Trek 2000 Intl
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Thumbdrive
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iPunter
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22-Dec-2006 19:05
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Today, unlike just a few years ago when RAM was precious as gold, it is something you can get so very cheaply. |
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pantoo
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22-Dec-2006 18:52
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any updates on this counter? seems to be on a downtrend :( |
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OngHuiH
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12-Dec-2006 17:31
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this is interesting ......... an extract ..... SINGAPORE (XFN-ASIA) - Trek 2000 International Ltd said it has been in discussions with two non-Asian technology firms inclined to acquire the company for its stable of patents as the industry appears to be heading into a major shake-up. chief executive officer Henn Tan said that discussions started with the two companies late last year. "We have been approached by two big ones in our field. I mean the number one and number two in the world. (Discussions) are ongoing, we are not calling it off," Tan said. "That is the reason why Toshiba has been buying aggressively. Toshiba wouldn't want to lose Trek to someone else," Tan said. In October, Toshiba bought an additional 1.09 mln shares of Trek 2000 from Tan and director Foo Kok Wah. The share sales were part of a partnership deal signed by the Japanese electronics giant and Trek 2000 in January. Toshiba intends to raise its stake in Trek 2000 to 19.5 pct over a five-year period from 15.32 pct currently. Trek, however, is still evaluating the merits if it were going to be acquired. "Tan said that the big players in the industry are keen on consolidating intellectual property technology as most consumer products incorporate NAND-Flash, which is patented. Meanwhile, Trek is optimistic its earnings will grow between 20-25 pct annually in the next three to five years despite a projected economic slowdown next year. Tan said. Earnings this year are expected to rise to a record high after the company recovered the 1.5 mln sgd spent on litigation. Singapore's High Court has granted Trek the amount to cover partly the cost it has incurred over a successful patent infringement action against four companies. |
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jasjasjas
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29-Nov-2006 00:49
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thumbdrives are becoming cheap commodities, diff to exercise their patent rights. technology barrier is too simple. easy for new companies to come into market |
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singaporegal
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28-Nov-2006 21:58
Yells: "Female TA nut" |
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Lousy volumes... TA people should avoid |
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chipchip66
Master |
27-Nov-2006 23:04
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good entry point , will unload all my GT and consider buying tomolo! |
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allantanhc
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27-Nov-2006 23:01
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Based on posting on SGX website, the UK patent office has revoked Trek's patent in the Uk for the portable USB portable storage device. The price drop, I believe, is a knee jerk reaction. Trek has indicated that the UK proceedings will not have significant impact on the company's financial performance. |
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FORREST
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27-Nov-2006 22:42
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what happened to this counter today ah? anybody care to shed some light? |
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sunview
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30-Oct-2006 15:39
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Sorry typing mistakes. You probably have spotted it. Toshiba bought 15,190,000 instead of the 5,190,000 that I put down. |
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sunview
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30-Oct-2006 14:34
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Punters chased the share price up to $0.62 on Oct 23 on seeing large chunks of married deals crossed at $0.66 but were disappointed that there were no follow through. It later emerged that Toshiba was the buyer of the 5,190,000 shares. However apart from the 590 lots from Henry Tan and 500 lots from Foo Kok Wah, there was no further announcement of who the other sellers are. In Annual Report 2005, Creative Technology and Sim Wong Hoo has deemed interest of 9.09 % in Trek held through CTI II Ltd. Now share price is back down to $0.52 , the level before the intra-day price surge. Other than the Oct 23 excitement, the stock is basically range bound between $0.50 and $0.55 for the last 6 months. This can be seen from the 200 day EMA which is more or less flat at $0.523 now. Technically speaking, it is still moving on the uptrend in the longer term. The share purchase by Toshiba is further endorsement Trek following the earlier collaboration between the 2 companies. In that collaboration announced back in Trek secured 50 - 60% of the group's requirement for NAND flash memory for the next 5 year. It was a positive move and the financial impact was expected to be felt in FY06 onwards. I am no IT expert, but it seems to me that the latest "Chez Solution" introduced to thumbdrives (as announced on Oct 19,2006) has got great potential as it "effectively block unauthorized access to data contained in company computer". If I were the top management of a company, I would not hesistant to spend money on this new security feature. I am surprised that the announcement raised no eyebrows. Would anybody in the know comment on this product ? |
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Nostradamus
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28-Oct-2006 02:01
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As announced on 10 January 2006, Mr Henry Tan agreed to sell 15,122,359 shares in the Company, representing 5% of the issued share capital of the Company, to Toshiba Corporation ("Toshiba"). In addition, Mr Henry Tan granted a 1-year option to Toshiba under which Toshiba can purchase up to 9.2% of the issued share capital of the Company (or together with all other shares owned by Toshiba and Toshiba Electronics (Asia) Singapore Pte Ltd, up to 19.5% of the issued share capital) from him at a strike price of S$0.70 per share payable in cash. Mr Henry Tan also entered into a separate undertaking with the Company that he will not sell, transfer or otherwise dispose of any of his shares which are the subject of the option during the tenure of his option. On 23 October 2006, Mr Henry Tan, Toshiba and the Company entered into an agreement pursuant to which Toshiba agreed to purchase 15,190,000 shares in the Company at a purchase price of S$0.66 per share. Mr Henry Tan agreed to facilitate the purchase of such shares by liaising with the owners. Following the entry into the agreement, Mr Henry Tan disclosed on 23 October 2006 that he had sold 590,000 shares in the Company to Toshiba and, as a result, his substantial shareholding interest in the Company had decreased. Separately, on 25 October 2006, Toshiba disclosed that it had acquired 15,190,000 shares in the Company from certain directors and employees of the Company (including Mr Henry Tan) and that there is an increase in its substantial shareholding interest in the Company. |
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Nostradamus
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26-Oct-2006 22:38
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Hi starlet, Toshiba buying at a premium could mean that it thinks Trek has potential and is undervalued. |
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starlet
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26-Oct-2006 01:50
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Hi, any thoughts on this deal? Owner cashing out is understandable, but for Toshiba to buy the shares at a premium... dun know what to make of it... Any insights? |
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Nostradamus
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26-Oct-2006 00:18
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Toshiba has raised its stake from 10.31% to 15.32% on 23/10. Toshiba has indeed bought the 15.19m shares. |
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Nostradamus
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23-Oct-2006 21:23
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There was a married trade of 15.19m shares at $0.66 each. Dealers speculated the possibility that Toshiba was in the market to boost its ownership. Others thought that Toshiba could have found a competitor wanting to build a stake in the company. |
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Nostradamus
Supreme |
23-Oct-2006 21:17
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It said Toshiba has bought an additional 1.09m Trek 2000 shares today from the company's CEO Henry Tan and director Foo Kok Wah. Following the sale, Tan's stake in Trek 2000 has been reduced to 34.05% from 34.24%, while Foo's stake was reduced to 0.3% from 0.46%. The share sales were part of a partnership deal signed by Toshiba and Trek 2000 in January. In January, Toshiba raised its stake in Trek 2000 to 10.32% from 5.32% previously. The Japanese company aims to raise its stake in Trek 2000 to 19.5% over a five-year period. |
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