| Business Summary | | Eiger
Technology,
Inc.
(Eiger)
is
a
high
technology
manufacturing
company.
Eiger
has
two
principal
subsidiaries,
which
are
each
64%
owned:
Eiger
Labs
Group,
Inc.
and
Point
Multimedia
Systems,
Inc.
Two
non-core
subsidiaries
of
Eiger
are
K-Tronik
International
Corp.
(K-Tronik)
and
A.D.H.
Custom
Metal
Fabricators,
Inc.
(ADH).
Eiger
owns
53%
of
K-Tronik
and
100%
of
ADH.
Eiger
develops,
manufactures,
and
distributes
56k
fax/modems,
MP3
players
and
DSL
modems
to
the
OEM
and
consumer
markets
around
the
world.
Related
services
offered
by
the
Company
include
custom
engineering,
technical
and
applications
support
training
and
after-sales
service.
In
addition
to
its
Stratford
head
office,
the
Company
maintains
a
marketing
and
distribution
facility
in
California
and
Korea,
and
two
manufacturing
facilities
in
Seoul,
South
Korea. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Eiger
Technology,
Inc.
develops,
manufactures
and
distributes
56k
fax/modems,
MP3
players
and
DSL
modems.
Eiger's
subsidiaries
also
manufacture
metal
cabinetry
and
electronic
ballasts.
For
the
nine
months
ended
6/01,
revenues
fell
49%
to
C$23.4
million.
Net
loss
accord.
to
U.S.
GAAP
totalled
C$13.8
million,
up
from
C$546
thousand.
Results
reflect
lower
sales
at
Eiger
Net
due
to
a
weak
computer
peripheral
marketplace
and
a
C$11.9
million
write-down
of
goodwill
and
investments. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Gerry Racicot | Pres,
CEO, Director | Keith Attoe | CFO,
Director | John Craig | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|