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Ferris Research Blog: Commentary on news and trends in the fields of messaging, content control, archiving, compliance, e-discovery, and data leak prevention.
 
 

AXS-One Gossip

Comment on this (6 comments)   

Please post interesting insights into this vendor’s business and products/services here.If you wish to post anonymously, please email david.ferris@ferris.com. Please identify yourself so that David can determine that the posting should be taken seriously. Alternatively, you can phone him on +1 415 367 3436. We’ll post your material, without identifying you.

  1. 1 dferris Feb 2nd, 2009 at 1:42 pm

    NOTE BY DAVID FERRIS ON JUNE 9, 2009: We have changed our minds on this. We now don’t believe that significant revenues came from the military-security-industrial complex, US or abroad. Sorry, egg on my face!

    One important factor in favor of AXS-One’s survivability. Our sources say it does quite a lot of work for intelligence agencies. Eg, Communications Security Establishment Canada (http://www.cse-cst.gc.ca/index-eng.html), Canada’s equivalent of the US NSA.

    Such agencies have money to spend on good and highly scalable email archiving technology. They would be loth to let AXS-One fold.

    --david

  2. 2 dferris Jan 26th, 2009 at 4:55 am

    My impressions/observations:
    * Company has good technology and is getting wins despite dodgy financials
    * The current downturn could be a healthy impetus for management to align expenses with revenues, which should perhaps have happened previously
    * Market capitalization is very low, should be a decent acquisition prospect

  3. 3 Tom Strack Jan 22nd, 2009 at 8:53 am

    I spoke with a couple folks that are still at AXS-One, they cut about 38 people, and are around 90 people now. They think they are at break even at this point and are right sized to turn the company around. They are still winning some large deals, Time will tell.

  4. 4 dferris Dec 17th, 2008 at 12:47 pm

    We hear AXS/One laid off nearly half its US workforce last week…can anyone confirm that?

  5. 5 Martin Tuip Oct 29th, 2008 at 11:59 pm

    These reports aren’t so secret since AXS One is publicly traded and their financial reports can simply be looked up. Tomorrow they will host their Q3 call which should reveal some new information.;

  6. 6 dferris Oct 10th, 2008 at 1:57 pm

    From a well-informed competitor of AXS-One who wished to remain anonymous:

    AXS-One is losing money like crazy. Last ditch finance round could be burned up this quarter. I know they raised emergency money in the summer. Spending rate was 200% of revenues. Haven’t seen if they cut back anything.

    The fall of the stock price and a director resigning means that there’s trouble. They put out a press release on new business (forwarding leading statement) as an attempt to save themselves. Not sure what the float is and who really controls the company.

    So, is there a white knight out there? Or a grave dancer?

    AXS-ONE INC. (OTC BB: AXSO.OB)
    Last Trade:0.15
    Trade Time:1:58PM ET
    Change: Down0.03 (16.67%)
    Prev Close:0.18
    Open:0.12
    Bid:0.15 x 5000
    Ask:0.20 x 5000
    Day’s Range:
    0.12 - 0.20
    52wk Range: 0.12 - 0.77
    Volume: 18,185
    Avg Vol (3m): 17,343.9
    Market Cap: 6.08M
    EPS (ttm): -0.36

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