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OTC Journal Members:
Perfisans was the one microcap
idea I offered during the month of August that delivered an impressive
short term profit. At the publishing of the August
6th edition, the stock was trading at $.99. By the first of
September, Perfisans had worked its way up to $2 for a cool
double if you were skilled enough to trade out of it.
After the market closed today Perfisans
announced the first purchase order of its revolutionary new low priced
accelerator chip.
The stock has drifted back down to
the $1.50 level. It just recently bounced off its support line. I would
hope today's news would serve to validate the technology and drive the
stock back to the early September level of $2.
Here's an overview of the technology
and some technical comments.
 |
Perfisans Holdings
Inc (OTC BB: PFNH) Delivers First Order |
|
Twenty years ago one chip ran your
entire computer. Today you have specialist chips within your computer.
The main CPU handles the majority of the processing. However, you may have
a special graphics card with an associated graphics chip which helps alleviate
the load on the main CPU.
You are looking at a picture of Adaptec's
latest and greatest ethernet card. It contains a high tech chip which works
on a specialized TCP/IP architecture known as TCP/IP Offload Engine
or
TOE
(techies love acronyms for everything). Both Intel and Broadcom
make a similar product.
This ethernet card comes with a highly
specialized chip designed to handle the massive amounts of data which can
flow in and out of your computer through your network- whether it be your
high speed connection at home or your network at a place of business. Without
this new high tech architecture, the main CPU helps process the data, which
slows down everything else it should be working on. As more information
flows through your network, the ethernet card becomes a much tighter bottleneck
without the specialized board and chip.
You won't find this new high speed
ethernet card in your typical $1,000 Dell computer. The reason is
simple. It costs too much. If you go into your local Comp USA you will
find that this new high speed ethernet card costs about $650. The
one Dell puts in a $1,000 box runs about $60. The cost difference
is mostly due to the price of the special high speed chip on the card.
According to Moore's law, processing
speed doubles and the prices get cut in half every 18 months. Perfisans
is in the business of making sure Mr. Moore's law lives on.
This is the Perfisans specialized
microprocessor, more commonly known as a computer chip. It has been in
development since 2001. $4.5 million has been invested in the development
of this chip, and the majority of the experimentation was done in China,
where $4.5 million could equate to $15 million in the US.
In early August Perfisans
announced
it had completed product development and is currently demonstrating the
ACC-1001 Accelerator chip to networking companies world wide.
This is a specialized chip which
is designed to be included in the architecture of an ethernet card. It
is not faster than any other chip currently on the market, but it is considerably
less expensive.
When installed in a desk top computer,
processing speed will improve considerably. The smart NICs (network interface
cards) will take up to 80% of TCP network processing overhead off network
host computers. According to VP Steve Gormley “This frees the rest of the
system to concentrate on pumping the payload data,”. “It's a powerful
solution that provides meaningful cost-savings and other benefits to users
of enterprise networks."
In short, your networked computer
will be much faster with this chip on your ethernet card. The chip is so
much cheaper that the Adaptec product with the TOE architecture
we covered above could drop in cost from $650 to $65. If this is the case,
this chip could end up on the cards which are included in the aforementioned
$1,000 Dell box.
Today, after the market closed, Perfisans
announced the first purchase order for its low cost accelerator chip.
DBL Technology LTD, a maker of Voice-Over-Internet Protocol (VoIP) communications
equipment based in Shenzhen, China, placed the initial order. DBL is an
OEM for the enormous Taiwan and China communication markets.
When using VoIP technology,
you are using your computer and the internet to talk over the telephone.
Massive amounts of data must flow in and out of your ethernet connection
as you talk. Therefore, this is one of the most ideal locations for a specialized
chip as VoIP becomes more widely accepted.
Perfisans has now proven it
has a bona fide low cost accelerator chip with the first purchase order.
As more and more information flows in and out of your computer into your
network, the need for low cost versions of these high speed chips will
increase.
As you can see from the chart, PFNH
is another small stock which has been in an uptrend since August. The lows
are getting higher and the highs are getting higher.
It would not surprise me to see PFNH
bounce back to the $2 level it achieved in early September. If it
goes on to make new highs from there, a breakout would be in the cards.
Here is the complete text of today's
news for your review:
| Press Release Source:
Perfisans Networks Corporation
Perfisans Networks
Corporation Announces Its First Network Accelerator Chips Booking
Tuesday October 12, 4:01
pm ET
$1 Million Deal Validates Marketplace
Viability of Perfisans' Revolutionary Network Speed-Boosting Chip Technology
LOS ANGELES--(BUSINESS
WIRE)--Oct. 12, 2004-- Perfisans Networks Corp. (OTCBB:PFNH - News), a
next-generation semiconductor designer focused on the burgeoning Gigabit
Ethernet market, has announced the first booking for its proprietary network
accelerator chips, marking the patented technology's successful progress
from the design-table to the real-world marketplace.
ADVERTISEMENT
Under the agreement,
Perfisans will supply its ENA1001 gigabit network acceleration chip to
DBL Technology Co. Ltd. The agreement calls for more than $1.1 million
in sales over a period of 12 months. DBL is a maker of Voice-Over-Internet
Protocol (VoIP) communications equipment, based in Shenzhen, China, and
is a significant original equipment manufacturer (OEM) for the enormous
Taiwan and China communication markets.
DBL will integrate the
ENA1001 gigabit network chip into several of its product designs. With
Perfisans' TOE technology, solid performance and favorable pricing and
technical-support policies, DBL officials believe they can significantly
increase their product's price/performance ratio and allow them to outperform
their competitors.
"Our relationship with
DBL is a major milestone in entering the Chinese networking equipment market,
and a major endorsement of the technology we developed," said To Hon Lam,
President and CEO of Perfisans. "As one of the major suppliers of VoIP
equipment, DBL has substantial expertise and business relationships in
place with major OEMs and telecommunication operators. By integrating the
Perfisans network-acceleration chipsets into their communication network
products, DBL can offer a cost-effective yet high-performance solution
to their customers."
DBL, a provider of VoIP
products to system integrators in Taiwan and China, also required the Perfisans
products to adhere to the highest levels of standards and protocols, to
retain its select approval by the exacting Chinese Ministry of Information
Industry.
Voice over IP, which
enables telephone communication via the Internet, is one of the fastest-growing
areas of the telecommunications market, and is expected to eventually replace
the traditional telephone system, as major telecommunication companies
continue to move to VoIP systems. Perfisans' chips can significantly improve
and simplify the design of VOIP products, in addition to its role in boosting
the performance of Ethernet data-networks in business and home computer
systems.
About DBL Technology
Co. Ltd.
DBL Technology Co. is
a major communication equipment company of Voice over Internet Protocol
(VoIP) for the worldwide market. DBL designs VoIP Gateways, IP Phone, Gatekeeper,
Relay Servers, and high performance AAA Billing servers. The company is
based in Shenzen Province, China.
About Perfisans Holdings,
Inc.
Founded in 2001, Perfisans
Holdings, Inc. is an emerging ASIC design house focused on developing leading
edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and
delivering innovative solutions that address the performance needs of next
generation network systems. Rapidly being recognized by industry leaders
for its innovative network interface products, the Company's technologies
have applications in telecommunication, data communication, storage networks,
content delivery networks, broadband networks, and rich streaming media.
Perfisans' chip technology
is fully standards-compliant, and provides high-efficiency, high-quality
network connections for both business and home applications. The Perfisans'
ENA1001 can efficiently process protocols such as IP and TCP, and its high-speed
protocol-processing capabilities -- 10 times faster than typical 100M-bit
networks -- can vastly improve the efficiency of the network. The ENA1001
network interface chip employs Perfisans' proprietary TCP offload engine
(TOE), providing highly efficient network throughput, to enable high-performance
networks for a wide range of applications. More information can be obtained
from the Company's web site at www.perfisans.com.
Cautionary Statement
This press release contains
statements relating to future results of Perfisans (including certain projections
and business trends) that are "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially from those projected as a result of certain risks and
uncertainties. These risks and uncertainties include, but are not limited
to: the cyclical nature of the semiconductor industry and the markets addressed
by the company's and its customers' products; demand for and market acceptance
of new and existing products; successful development of new products; the
timing of new product introductions; changes in product mix; product obsolescence;
the availability of manufacturing capacity; fluctuations in manufacturing
yields; pricing pressures and other competitive factors; the ability to
develop and implement new technologies and to obtain protection for the
related intellectual property; the uncertainties of litigation; our ability
to attract and retain qualified personnel; as well as other risks and uncertainties,
including those detailed from time to time in Perfisans' Securities and
Exchange Commission filings. These forward-looking statements are made
only as of the date hereof, and the company undertakes no obligation to
update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
Perfisans Networks Corporation
Steve Gormley, 888-847-6972 x264
ir@perfisans.com
or
Trilogy Capital Partners, Inc.
Paul Karon, 800-342-1467
paul@trilogy-capital.com
--------------------------------------------------------------------------------
Source: Perfisans Networks
Corporation |
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