| Business Summary | | Magic
Software
Enterprise
develops,
markets
and
supports
Magic
software
development
and
deployment
technology.
The
Company's
Magic
technology
enables
enterprises
to
accelerate
the
process
of
building
and
deploying
business
software
applications
that
can
be
rapidly
customized
and
integrated
with
existing
systems.
During
1999,
the
Company
expanded
its
business
to
include
the
sale
of
applications
developed
using
Magic
technology.
These
applications
are
designed
for
e-Business,
customer
relationship
management
(CRM)
and
other
enterprise
uses.
Magic
technology
and
Magic-based
applications
are
used
by
over
2,500
software
solution
providers
and
thousands
of
enterprises
in
approximately
50
countries.
The
Company
refers
to
these
software
solution
providers
and
enterprises
as
the
Magic
community.
The
Company
also
provides
maintenance
and
technical
support
as
well
as
professional
services
to
the
Magic
community. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Magic
Software
Enterprises,
a
member
of
the
Formula
Group,
offers
highly
productive,
state-of-the-art
development
technology,
customizable
applications,
and
services
for
cost-effectively
solving
business
problems.
For
the
three
months
ended
3/31/01,
revenues
fell
8%
to
$20
million.
Net
loss
totalled
$9.4
million
vs.
an
income
of
$4
million.
Results
reflect
a
decrease
in
software
sales
and
an
increase
in
consulting
and
other
service
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
20,190;
after
tax
earnings
were
-3,018. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Dan Goldstein, 45 | Chairman | Menachem Hasfari | CEO | David Assia, 48 | Vice
Chairman | David Cropper | VP
of Sales for its North American Operations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|