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Milwaukee Electric Tool Joins Microsoft, Sprint and AT&T on List of Majors Associated with Junior Tech Provider
By: AllPennyStocks.com News
January 25, 2012
Corporations large and small are making countless shifts in business infrastructure to stay cost competitive while increasing efficiency and productivity. Moreover, today’s business atmosphere commands mobility, with forward-thinking companies integrating the latest mobile technologies to their infrastructures to accommodate home and mobile offices.
Bringing solutions to the wide range of demands of companies is AltiGen Communications, Inc. (OTCBB:ATGN), a San Jose, California-based provider of integrated Microsoft-based Unified Communications products. AltiGen employs more than 100 people, has more than 10,000 clients and international offices in China. AltiGen grew its brand and strong market presence when, according to TMCnet, “[it] literally revolutionized the communications space in the nineties by merging the best of the PC and telephone into an office phone system for small companies.” The company has operated for years generating revenue from its legacy platforms which morphed with technological changes eventually landing AltiGen as a leader in PBX (private branch exchange) systems.
Recently, the company has basically “gone dark” while it moved away from traditional PBX systems to transition itself as a leader in the next generation of communications through open, software-based solutions, as the industry begins to phase-out hardware-centric systems.
News is starting to flow again regularly and it looks as if AltiGen is coming back bigger and better than before. Some due diligence on Microsoft’s website shows that Sprint, one of Microsoft’s largest customers, is evaluating Altigen’s latest MaxACD product as it deploys its Lync Server internationally to provide enterprise voice worldwide. AT&T has recently run specials through its Office@Hand program offering AltiGen’s iFusion docking station/phone as a bonus for businesses.
The company has partnered with many well-established firms, including a recent agreement with Eurodata Systems Ltd, a leading IT services provider to the United Kingdom, to deliver AltiGen's MaxACD contact center solution for Microsoft Lync™.
Yesterday, news hit the wires about tool giant Milwaukee Electric Tool Corp. (METC) deploying AltiGen’s MaxACD contact center solution for Microsoft Lync. The Lync-based contact center will support 20 domestic service centers for METC. METC is a subsidiary of Techtronic Industries Co. Ltd, whose global brands include such products as Ryobi®, AEG® power tools, Homelite®, Royal®, Dirt Devil®, Regina® and VAX® floor care appliances.
"We evaluated all of the available contact center options for Microsoft Lync," said Mueller. "AltiGen's MaxACD software stood out as being intuitive, manageable and very cost effective,” said Craig Mueller, Senior Manager of Infrastructure at METC.
The contracts and association with high-profile clients that could lead to an exponential increase in revenue is already translating to AltiGen’s value and hard to overlook. The latest quarterly report (for Q1 fiscal 2012) showed first-quarter revenue up 10% over prior quarter (from $4.3 million to $4.48 million), an increase in gross margin to 69.5 percent as compared to 64.2 percent in the prior quarter and a near extermination of net loss (from $861,000 to $9,000) in the latest quarter. At the end of fiscal Q1, AltiGen had $4.3 million cash or equivalents on hand. Moreover, the company has no debt and no hidden warrants that can dilute the life out of the stock. Yet, the market cap sits at a tiny $9 million. Still only trading in the mid-50 cent range, shares of ATGN have plenty of headroom back to 2011 highs of $1.23. Mobility and software-based solutions are taking the world by storm and it looks like AltiGen is putting itself in the epicenter which could shoot this company much higher. Proper duediligence is, as always, encouraged.
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