03/01/2008
Dot.com survivor BATM Advanced Communications says 2007 profits will be more than ten per cent above market forecasts.
The fully listed company, which designs and produces broadband data and telecoms systems, recently signed deals with three big corporate customers: Germany’s Deutsche Telekom and CTC Itochu and NTT Docomo of Japan. Most of the benefits will come this year, but initial orders will have an impact on net profits for last year, now seen as likely to exceed US$12.3 million (£6.2 million) against $7.4 million in 2006.
BATM, headed by chief executive Dr Zvi Marom, is a leading international supplier of IP packet-based systems, such as high-capacity, self-routing switches with extensive ‘QoS’ capabilities. The company says its Massachusetts-based Telco Systems networking arm offers customers the integration of transport, access and packet technologies onto industry-leading platforms.
Investors’ experience with BATM has been hair raising so far. The shares, which hit £7.65 in 2000, had collapsed to 16p by spring 2005.
They have since rallied to 34p, up 3p this morning, valuing the company at £132.5 million. They might fare better than some sector peers.
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