| Business Summary | | Startec
Global
Communications
Corporation
is
a
facilities-based
provider
of
Internet
Protocol
(IP)
communications
services,
including
voice,
data
and
Internet
access.
The
Company
markets
its
services
to
ethnic
businesses,
residential
communities
located
in
metropolitan
areas,
international
long
distance
carriers
and
Internet
service
providers
transacting
with
the
world's
emerging
economies.
The
Company's
targeted
ethnic
markets
are
comprised
of
ethnic
communities
from
the
Asia
Pacific
Rim,
the
Middle
East
and
North
Africa,
Russia
and
Central
Europe
and
Latin
and
South
America.
Beginning
in
the
fourth
quarter
of
2000,
the
Company
instituted
a
restructuring
that
includes
consolidation
of
selected
North
American
and
European
operations;
accelerated
migration
of
circuit-switched
traffic
to
its
IP
network;
discontinuation
of
unprofitable,
low-margin
business
lines,
and
implementation
of
certain
cost-reduction
procedures. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STGC
is
a
provider
of
advanced
communications
and
Internet
services
to
residential
and
business
customers
transacting
with
the
world's
emerging
economies.
For
the
three
months
ended
3/01,
revenues
fell
16%
to
$65
million.
Net
loss
increased
65%
to
$20.1
million.
Results
reflect
the
Company's
initiatives
to
eliminate
circuit
switched
carrier
revenues,
along
with
higher
depreciation
costs
associated
with
increased
capital
expenditures. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
44,073;
after
tax
earnings
were
-32,094. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Ram Mukunda, 42 Chairman,
Pres, CEO | $605K | -- | Prabhav Maniyar, 41 CFO,
Director | 384K | -- | Anthony Das, 47 COO
of Online Services | 166K | $111K | David Venn, 40 COO
of European Operations | -- | -- | John Wolaver, 55 COO
of North American Operations | 213K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|