| | Business Summary | | PNI
Technologies,
Inc.,
formerly
Preferred
Networks,
Inc.,
provides
unbranded,
wholesale
one-way
wireless
messaging
network
services
to
companies
for
resale
to
their
customers.
In
pursuing
this
strategy,
the
Company
developed
a
number
of
advanced
networking
technologies
aimed
at
increasing
its
efficiency
as
a
network
operator.
During
1999,
the
Company
completed
development
of
its
intelligent,
high-speed
switching
technology
and
began
to
commercialize
related
products
for
sale
to
other
companies.
This
technology
creates
networking
solutions
that
provide
companies
with
greater
processing
efficiencies,
cost
savings
and
an
open
platform
to
bring
them
closer
to
their
customers
through
unified
service
offerings.
During
2000,
the
Company
began
to
ship
its
first
software-enhanced
networking
products,
and
is
developing
a
number
of
additional
hardware,
software
and
service
offerings
to
address
each
of
the
wireless,
fixed-network
and
Internet
marketplaces. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | PNI
Technologies
provides
outsourcing
services
to
the
wireless
industry,
offering
one-way
wireless
networks,
and
product
repair,
sales,
inventory
management
and
related
services.
For
the
three
months
ended
3/31/01,
revenues
fell
30%
to
$2.7
million.
Net
loss
from
continuing
ops
applicable
to
common
rose
25%
to
$3.6
million.
Revenues
reflect
increased
competition
for
network
services.
Higher
loss
was
partially
offset
by
decreased
overhead
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Mark Dunaway, 55
Chairman,
CEO and Treasurer | $270K | Kathryn Putnam, 36
Sr.
VP, CFO, Chief Accouting Officer | 185K | Andrew Degges, 41
Sr.
VP of Engineering & Technology | 231K | Mark Jones, 43
VP
of Legal Affairs and Sec. | 156K | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/pnlg.ob.gif)