Share mag article. I know its a few days old now, but I just love reading it!
Tadpole has signed a company-making deal with a US technology giant. The company, whose sales top $20bn, will market Tadpole's AppExpress software to companies around the world. AppExpress streams software to PCs from a central server. People can use it, but are not allowed to copy it. Microsoft is a big supporter because this system prevents piracy. The software is also being used by Autocad and others for streaming trial versions of software. This is cheaper than sending a CD and again stops piracy. Tadpole lost £700,000 underlying in the September second half. Its Cartesia division made £1m and is growing fast. Repeated share issues have forced down its price to 9.5p. But in early January, it is expected to receive a £2 million upfront royalty, ending this worry. Summary. Tadpole is no longer a joke.
From the Accounts:
Endeavors' AppExpress product is now positioned for broad customer deployment
from 2004 onwards.
We believe that this product offers growth opportunities for the future and
Endeavors' marketing strategy has been focused accordingly. This focus led to
Endeavors being certified for Windows Server 2003 and obtaining Microsoft Gold
Partner status, the only streaming technology company to receive this accolade.
Endeavors' business strategy leverages both direct and
indirect sales channels. Early in 2003, Endeavors entered into a UK distribution
agreement with Centia. During the first half of the current financial year, we
expect to announce further distribution agreements covering more territories and
to close our first sales contracts through both channels.
Guess if you look at both the rumour and the fact quoted above, you can see exactly where we are going.
Tadpole Tech stock quotes
Tadpole Tech stock charts
Follow this thread
