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Prospector
Profile
07.1472
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| Avistar Communications Corp. |
NAICS |
511210 |
| 555 Twin Dolphin Dr., Suite 360
Redwood Shores, CA 94065 |
Description |
Software Publishers |
| (650) 610-2900 |
Employees |
77 |
| http://www.avistar.com/ |
Revenue |
(mil) |
13.2300 |
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Income |
(mil) |
-8.1500 |
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Assets |
(mil) |
14.7000 |
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Liability |
(mil) |
24.6500 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Avistar Communications Corp. reported a net loss of $4,126,000 for the three months ended Sept. 30, 2007, compared to a net income of $1,818,000 for the three months ended Sept. 30, 2006. Revenues for the three months ended Sept. 30, 2007, was $1,751,000, compared to $7,276,000 for the three months ended Sept. 30, 2006. At Sept. 30, 2007, the Company’s consolidated balance sheet showed $12,115,000 in total assets and $18,993,000 in total liabilities, resulting in a $6,878,000 total shareholders' deficit. It also showed strained liquidity with $9,613,000 in total current assets available to pay $12,804,000 in total current liabilities.
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Intellectual Property:
The Company derives a significant portion of its annual revenues by licensing its broad portfolio of patents covering video and rich media collaboration technologies, networked real-time text and non-text communications and desktop workstation echo cancellation. This broad suite of patents enables much of the functionality of its AvistarVOS application platform. As of December 31, 2006, the Company had 74 U.S. and international patents on various aspects of its technology and has over 25 pending patent applications. In addition, the Company attempts to protect trade secrets and other proprietary information through agreements with licensees, proprietary information agreements with employees and consultants and other security measures. It also relies on trademarks and trade secret laws to protect intellectual property. [SEC Filing 10-K 03-22-07]
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Description:
The Company engages in the development, marketing and support of an integrated suite of video enabled e-Business applications, powered by the AvistarVOS software.
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Officers:
Gerald J. Burnett (Chair & CEO); William L. Campbell (EVP, COO & Dir.); Robert T. Garrigan (VP); Stephen F. Arisco (VP); Robert J. Habig (CFO); J. Chris Lauwers (CTO); Craig F. Heimark (Dir.); R. Stephen Heinrichs (Dir.); Robert P. Latta (Dir.); Robert M. Metcalfe (Dir.); James W. Zeigon (Dir.)
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Auditor:
Burr Pilger & Mayer LLP
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Securities:
Common Stock Symbol AVSR; NasdaqCM;
34,310,542 common shares outstanding as of July 25, 2007.
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