| | Business Summary | | Base
Ten
Systems,
Inc.
was
a
developer,
manufacturer
and
marketer
of
computer
software
systems
that
assist
manufacturers
in
industries
regulated
by
the
Food
and
Drug
Administration
(the
MES
business).
In
1999,
Base
Ten
acquired
from
Almedica
International,
Inc.
a
suite
of
software
systems
to
assist
clinical
specialists
in
managing
supplies
for
clinical
trials
(the
clinical
software
business).
On
October
10,
2000,
the
Company
entered
into
an
Asset
Purchase
Agreement
with
ABB
Automation,
Inc.,
under
which
certain
assets
and
liabilities
of
the
MES
business
were
sold
for
$2
million.
On
October
27,
2000,
the
Company
announced
that
it
will
pursue
a
new
direction
as
a
contract
manufacturer
to
various
industries.
In
March
2001,
the
Company
entered
an
agreement
to
sell
the
clinical
software
business. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Base
Ten
Systems
is
redirecting
its
business
to
focus
on
contract
manufacturing
for
various
industries.
The
Company
will
initially
focus
on
electronic
equipment
or
components.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenues.
Net
loss
from
continuing
operations
fell
81%
to
$398
thousand.
Results
reflect
the
discontinuation
of
all
operations
and
a
decrease
in
professional
service,
office
and
personnel
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Edward Klinsport
Chairman,
Pres, CEO | -- | Kenneth Riley
CFO | -- | William Hackett, 49
Sr.
VP of HR, Sec. | $175K | Edward Struble
VP
of Sales and Marketing | -- | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/b/basea.ob.gif)