New Tech Opportunities: Wall Street Reporter Talks to Globecomm Systems Inc., Visteon Corp., and Riptide Worldwide Inc.
March 10 2008 - 11:55AM
PR Newswire (US)
NEW YORK, March 10 /PRNewswire/ -- Wall Street Reporter has posted
exclusive interviews with top executives from Globecomm Systems
Inc. (NASDAQ:GCOM) Visteon Corp. (NYSE:VC) and Riptide Worldwide
Inc. (OTC:RTWW) (BULLETIN BOARD: RTWW) describing how they're
transforming their companies to go after some of the world's most
exciting high-tech markets. Investors can listen to all three
interviews at http://www.wallstreetreporter.com/. With a unique
focus on adding satellite applications to its network service
portfolio, Globecomm Systems Inc. (NASDAQ:GCOM) has "been able to
really build a good business" with broadcasters, government
organizations, and other clients, says Kenneth Miller, the
company's president. "We're not IBM, but we've been growing very
nicely, and as you can see over the last few years, very
profitably." Highlights of the interview: -- A look at how the
company's integration of satellite has helped it win contracts
worth $200 million a year from GCI, Showtime, NATO and others. --
Details on operations in Asia, where the company is building a new
uplink facility to better serve the region's broadcasters. "We've
done a lot of business in Asia." -- Discussion of how the company's
clean balance sheet ($50 million in cash, no debt) provides a base
for potential M&A ahead. Auto components maker Visteon Corp.
(NYSE:VC) is "absolutely on track" to emerge from an ambitious
three-year restructuring program with a more global sales footprint
and a more cutting-edge product line, CEO Michael F. Johnston tells
WSR. "We're moving to a zone of stability; we could call it
success." Highlights of the interview: -- How the company has
"tremendously" reduced its dependence on the North American market.
"I don't see anyone with a better geographic footprint than we
have." -- Details on a partnership with 3M that has produced new
products with solid revenue potential. -- Mr. Johnston's view on
how commodity pricing is affecting the auto parts industry. "Folks
have adjusted to it." Riptide Worldwide Inc. (OTC:RTWW) (BULLETIN
BOARD: RTWW) is aggressively rolling up vendors in the fast-growing
business practice management software space, says CEO Frank Wilde.
"We want to get to a company that is greater than $100 million in
size by the end of this calendar year." Highlights of the
interview: -- An overview of Mr. Wilde's previous success in the
M&A arena, both at Riptide (which he's already transformed into
a $50 million company) and previously at industry leaders like IBM
and Dell. -- More on the company's solid existing business model,
which combines long-term recurring revenue from blue-chip clients
with significant organic growth. As a result, Mr. Wilde says,
"we're better than breakeven on an EBITDA basis." -- Discussion of
how acquisitions would build the company's technological base as
well as revenue as it evolves into a more full-spectrum BPM
solutions provider. Wall Street Reporter (Est. 1843) is the premier
source of investment information on global public companies in
high-growth sectors. Through its magazines, special reports,
website, and conferences, WSR presents unique opportunities for
discovering stocks before they appear on the radar of Wall Street.
Visitors to its website, http://www.wallstreetreporter.com/, can
listen to and view exclusive audio and video from an extensive
library of CEO interviews, analyst roundtables, and conference
webcast presentations, as well as subscribe to WSR's "Smart Money
Alert" -- a weekly update of stock picks and timely market insights
from top analysts and stock gurus. About Globecomm Systems Inc.
Globecomm Systems Inc. provides end-to-end value-added
satellite-based communication solutions by leveraging its core
satellite ground segment systems and network capabilities, with
satellite communication services capabilities. About Visteon Corp.
Visteon is a leading global automotive supplier that designs,
engineers and manufactures innovative climate, interior, electronic
and lighting products for vehicle manufacturers, and also provides
a range of products and services to aftermarket customers. About
Riptide Worldwide Inc. Riptide Worldwide Inc. (OTC:RTWW) (BULLETIN
BOARD: RTWW) develops business process automation (BPA) and
business process management (BPM) software to integrate, assemble,
and optimize available IT assets to drive business process
productivity, reliability, and security.
http://www.wallstreetreporter.com/http://www.globecommsystems.com/http://www.visteon.com/http://www.riptide.com/
DATASOURCE: Wall Street Reporter CONTACT: Jack Marks, CEO &
Publisher, Wall Street Reporter Magazine, +1-212-363-2600, ext.
260; or Kenneth Miller, President, Globecomm Systems Inc.,
+1-631-231-9800; or Derek Fiebig, Investor Relations, Visteon
Corp., +1-734-710-5800; or Rich Connelly, Chief Financial Officer,
Riptide Worldwide Inc., +1-214-594-2340 Web site:
http://www.wallstreetreporter.com/ http://www.globecommsystems.com/
http://www.visteon.com/ http://www.riptide.com/ Company News
On-Call: http://www.prnewswire.com/comp/140599.html
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