| Business Summary | | Egan
Systems,
Inc.
is
engaged
in
the
business
of
developing,
selling
and
supporting
computer
software
products,
particularly
products
related
to
the
COBOL
computer
language.
The
Company's
main
business
has
been
and
continues
to
be
the
creation
and
sale
of
COBOL
language
dialects
that
permit
programs
written
in
heretofore
proprietary
versions
of
COBOL
to
move
(migrate)
to
inexpensive
high
performance
systems
available
from
a
variety
of
suppliers
without
the
need
to
rewrite
the
programs.
Much
of
the
Company's
existing
business
is
with
firms
who
at
one
time
or
another
enjoyed
a
relationship
with
Data
General
Corp.
and
employed
one
or
more
versions
of
Data
General's
COBOL
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Egan
Systems,
Inc.
is
engaged
in
the
business
of
developing,
selling
and
supporting
computer
software
products,
particularly
products
related
to
the
COBOL
computer
language.
For
the
six
months
ended
6/30/01,
revenues
fell
28%
to
$288
thousand.
Net
loss
fell
46%
to
$157
thousand.
Revenues
reflect
the
current
poor
climate
in
the
economy
for
technology
spending
by
customers.
Lower
loss
reflects
decreased
R&D
staffing
levels
and
lower
facility
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Edward Egan, 59 Chairman,
Pres, CEO, Treasurer | $111K | Ralph Jordan, 46 Sec. | -- | 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
|
|