| Business Summary | | Granite
Bay
Technologies,
Inc.,
through
its
subsidiary,
International
Display
Works,
manufactures
and
distributes
liquid
crystal
displays,
modules,
and
assemblies.
The
Company's
products
are
used
for
original
equipment
manufacturer
applications.
Granite
Bay
also
holds
an
interest
in
Globalgate
e-Commerce,
Inc.
a
provider
of
electronic
business
networking
services.
Until
1999,
the
Company
designed,
manufactured,
and
marketed
snowboards,
boots,
bindings,
apparel
and
accessories
to
retail
outlets
in
the
United
States
as
well
as
international
distributors
in
several
foreign
countries.
In
March
1999,
the
Company
sold
its
Morrow
intellectual
property,
along
with
all
1999/2000
inventories
and
its
snowboard
and
binding
production
equipment
to
K2
Acquisitions,
Inc.
and
discontinued
the
manufacturing
and
marketing
of
snowboards,
boots
and
bindings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GBAY
wholly
owns
International
DisplayWorks,
Inc.,
a
manufacturer
and
distributor
of
liquid
crystal
displays
(LCDs),
modules
and
assemblies
for
major
OEM
applications.
For
the
three
months
ended
3/31/01,
revenues
rose
59%
to
$4.1
million.
Net
loss
from
continuing
operations
rose
43%
to
$738
thousand.
Revenues
reflect
the
acquisition
of
IDW.
Higher
loss
reflects
higher
general
and
administrative
expenses
and
an
increase
in
selling,
marketing,
and
customer
service
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,842;
after
tax
earnings
were
-529. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Stephen Kircher, 46 Chairman | -- | P. Blair Mullin, 46 Pres,
Sec., Treasurer, Director | $122K | Ian Bebbington CFO | -- | 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
|
|