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Intermec Schedules Fourth Quarter and Full-Year 2005 Earnings Conference Call BUSINESS WIRE EVERETT, Wash.--(BUSINESS WIRE)----Intermec, Inc. (NYSE:IN) will release its fourth quarter and full-year 2005 financial results after market close on Wednesday, February 8, 2006.
Intermec will hold a conference call on February 8, 2006, at 5 p.m. Eastern (2 p.m. Pacific). The call will be hosted by Intermec, Inc. Chairman and Chief Executive Officer, Larry D. Brady, President and COO, Steven J. Winter, Controller and Acting Chief Financial Officer, Rick B. Anderson, and Director of Investor Relations, Kevin P. McCarty. Press and industry analysts are invited to attend in listen-only mode.
A press release discussing the company's 2005 fourth quarter and 2005 full-year financial results is scheduled to be distributed Wednesday, February 8, 2005, after market close. Conference Call:
Wednesday, February 8, 2006, 5 p.m. Eastern (2 p.m. Pacific)
Intermec will provide a live audio Webcast of the fourth quarter and full year 2005 earnings conference call beginning Wednesday, February 8, 2006, at 5 p.m., Eastern, (2 p.m. PST). A Webcast archive will be available for one month.
Webcast Site:
The call will be broadcast on the Internet via a link from the investor's Web page at the Intermec website at www.intermec.com/InvestorRelations.
About Intermec Inc.
Intermec Inc. (NYSE:IN) is a leader in global supply chain solutions and in the development, manufacture and integration of wired and wireless automated data collection, Intellitag(R) RFID (radio frequency identification), mobile computing systems, bar code printers and label media. The company's products and services are used by customers in many industries to improve productivity, quality and responsiveness of business operations, from supply chain management and enterprise resource planning to field sales and service. For more information, visit www.intermec.com or contact Kevin McCarty at 425-265-2472, kevin.mccarty*intermec.com.
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I think that Intermec is on par with Zebra (ZBR) Since Unova changed their name to Intermec and are now concentrating on the RFID market, there is no reason the stock can't reach 50.
Opinion only. Do your own DD.
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Here is an article/Interview with Alien Tech CEO. Alien is a privately held Co. but here the article shows that RFID technology is ready to rake off this year, and keep growing.
Tipping Point Is Closer, Says Alien CEO
Stav Prodromou, CEO of Alien Technology, says declining tag prices are making it possible for companies to achieve a return on investment for more and more applications.
By Mark Roberti
Jan. 27, 2006—Alien Technology was one of the technology providers that played a key role in developing both the first and second generations of Electronic Product Code specifications. In a recent interview, Alien CEO Stav Prodromou spoke with RFID Journal and shared his insights into the current state of RFID. Below are excerpts of that interview.
RFID Journal: What's your expectation for the RFID market in 2006? Prodromou: There are other folks who make prognostications about the market. I can tell you that our performance in the first quarter was on target. We certainly are encouraged that 2006 appears to be a growth year for the RFID industry.
Stav Prodromou, CEO of Alien Technology RFID Journal: Are you seeing activity in specific vertical industries? Prodromou: We're very focused on the Wal-Mart supply chain, and a good deal of our customer base is in that space. We've had a significant number of new engagements as the next 200 suppliers started coming on line. We're also seeing a lot of activity in the apparel sector. Levi Strauss recently acknowledged Alien's role in its trial. Apparel manufacturers are starting to recognize the value of RFID, particularly branded-apparel retailers. What is encouraging about the apparel industry is that they are looking at item-level tagging. It's not a matter of having three cases of jeans on the shelf. It's a matter of knowing you have this many size 34 [[According to AP style]] jeans and this many size 32. Many believe it could be one of the first sectors to tag at the item level.
We're seeing increased activity in the pharmaceutical sector. We were involved in the Pfizer project to tag Viagra destined for sale in the United States that was recently reported [see Pfizer Using RFID to Fight Fake Viagra]. We're involved in the San Francisco Airport project using RFID to track baggage through screening stations [see Alien Buys Airport Systems Integrator]. The DFARS [Defense Federal Acquisition Regulation Supplement] became effective in mid-November [see DOD Finalizes RFID Mandate Language], and we now have a number of projects underway.
RFID Journal: Will suppliers be able to meet the demand for tags and interrogators (readers) this year? Prodromou: We've put a big emphasis on the expansion of our capacity and on our efforts to drive costs down. Our new production facility in Fargo, N.D., is nearly complete. We're starting to install equipment. By early summer, we'll start producing RFID tags in that plant, which will have a capacity of 10 billion tags a year. So, we have plans in place to meet the demand, and as the volumes ramp up, indications are that costs will come down.
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Updated:2006-01-27 11:16:14 Company Profile for Intermec, Inc. BUSINESS WIRE --(BUSINESS WIRE)----Intermec Inc. (NYSE:IN) is a leader in global supply chain solutions and in the development, manufacture and integration of wired and wireless automated data collection, Intellitag(R) RFID (radio frequency identification), mobile computing systems, bar code printers and label media. The company's products and services are used by customers in many industries to improve productivity, quality and responsiveness of business operations, from supply chain management and enterprise resource planning to field sales and service. Company: Intermec, Inc.
Headquarters Address: 6001 36th Avenue West Everett, WA 98203
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Updated:2006-02-08 18:37:47 Intermec Swings To 4Q Profit On Gain From Discontinued Operations Dow Jones EVERETT, Wash. -(Dow Jones)- Intermec Inc. (IN) swung to a fourth-quarter profit, boosted by a gain from discontinued operations.
In a press release Wednesday, the supply-chain management technology company reported that fourth-quarter earnings rose to $44.5 million, or 69 cents a share, from a loss of $71.2 million, or $1.14 a share, a year earlier.
Results include 50 cents a share from discontinued operations in the current quarter and a loss of $1.56 a share from discontinued operations in the year-ago quarter. Excluding those operations, earnings fell to 19 cents a share from 42 cents a share a year earlier.
Analysts expected, on average, per-share earnings of 21 cents a share, according to a survey of eight analysts by Thomson First Call.
Revenue rose 2% to $241.7 million from $236.9 million a year earlier, in line with analysts' average estimate of $241.7 million.
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Updated:2006-02-09 15:03:03 Intermec and Cascade Collaborate to Create RFID Forklift of the Future to Enhance Warehouse Worker Productivity and Efficiency BUSINESS WIRE EVERETT, Wash.--(BUSINESS WIRE)----There's more to a forklift than first meets the eye. In the emerging world of RFID-enabled inventory tracking, the forklift can become a powerful supply-chain information tool. Intermec Inc. (NYSE:IN), an RFID pioneer and leading supplier of Gen 2 RFID technology and equipment, and Cascade Corp. (NYSE:CAE), the world's largest manufacturer of forklift attachments, are teaming to develop a forklift system that incorporates RFID technology into a forklift's very infrastructure, replacing today's cumbersome and inefficient bolt-on approach to data collection.
"Imagine a mobile RFID system that provides real-time, hands-free information about what the product is and automatically making better decisions about how to handle that product," said Cascade Corp. Product Manager Brad Vandehey. "When you throw out your preconceived ideas of what forklifts do today and think about how RFID capabilities could be built into the very structure of a complete forklift equipment system, you begin to realize the efficiencies this type of mobile data-collection system can deliver."
According to industry magazine DC Velocity, companies that use mobile RFID systems, identifying and tracking products onboard a forklift from loading to unloading, experience improvements in picking and shipping accuracy, enhanced productivity and better vehicle utilization. Forklifts envisioned by Cascade and Intermec incorporate powerful dashboard computers positioned for maximum safety and efficiency, easy-to-reach RFID controls assimilated into the lift's control mechanisms, wireless real-time location tracking and navigational LEDs for optimal routing, and easy-to-adjust RFID readers designed into the frame of forklift attachments for flexible and accurate use with a wide range of goods and supplies. The system, designed specifically for the rugged environment of daily warehouse use, also engineers in a sophisticated cable management system, state-of-the-art wireless scanning capabilities and a built-in camera for cargo documentation.
Cascade and Intermec unveiled a prototype future forklift today at Intermec's 2006 Global Partner Conference in Dallas.
With operations around the world, both Cascade Corp. and Intermec are ideally suited to understand the day-to-day requirements of supply chain inventory movement across enterprises. Sharing a commitment to innovation and customer satisfaction, the companies realized early on that the combination of Cascade's forklift-attachment expertise with Intermec's engineering prowess and RFID experience could provide customers with mobile RFID systems that surpass anything available today in their ability to increase supply-chain tracking and real-time inventory visibility.
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Cisco and RedPrairie Join Intermec RFID Forklift of the Future Initiative to Enhance Warehouse Worker Productivity and Efficiency BUSINESS WIRE EVERETT, Wash.--(BUSINESS WIRE)----Imagine a mobile RFID system capable of providing powerful real-time location information and RFID tracking capabilities throughout the real-world environment of a warehouse. That's the vision of Cisco Systems and RedPrairie, who have joined Intermec Inc. and Cascade Corp., the world's largest manufacturer of forklift attachments, to create a concept for a forklift that will build RFID and real-time location capabilities right into the equipment of the future.
A concept forklift incorporating these ideas is on display this week at RFID World in Dallas, Texas. The forklift features Cisco's Wireless Location Appliance and RedPrairie's open Mobile Resource Management software integrated with the forklift RFID reading system developed by Intermec and Cascade. With the complete system, drivers can conveniently read and encode RFID tags without leaving the vehicle, and managers can get real-time data on vehicle locations and activity that can be used to manage labor and assets more efficiently.
As one of the advanced services elements of the Cisco Unified Wireless Network, the Cisco Wireless Location Appliance provides location tracking for devices on a Cisco 802.11 wireless network. With the RedPrairie software, it can be used to provide the X, Y coordinates of an RFID-enabled forklift, report movements, monitor dwell time and collect other data useful for security, employee performance auditing, maintenance and asset management applications.
RedPrarie's Mobile Resource Management software complements the Wireless Location Appliance by providing advanced data processing and interface capabilities. It can be used with legacy software systems, including leading warehouse management, yard management, labor planning and asset management applications. The software provides new layers of information about picking and put away processes, workforce performance management and asset utilization that can be used to optimize processes and facilities.
The complete system provides the ruggedness, reliability and reading performance that forklift drivers need to use RFID conveniently, and gives management the ability to deploy resources efficiently. Each part of the system was developed and integrated specifically to meet the physical and wireless challenges found in industrial environments.
Forklifts envisioned by the group incorporate powerful dashboard computers positioned for maximum safety and efficiency, easy-to-reach RFID controls assimilated into the lift's control mechanisms, wireless real-time location tracking and navigational LEDs for optimal routing, and easy-to-adjust RFID readers designed into the frame of forklift attachments for flexible and accurate use with a wide range of goods and supplies. The concept system, designed specifically for the rugged environment of daily warehouse use, also engineers in a sophisticated cable management system, state-of-the-art wireless scanning capabilities and a built-in camera for cargo documentation.
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Updated:2006-03-08 06:35:59 Intermec Wins IBM PartnerWorld Beacon Award for Best Wireless Mobility Solution; Intermec IF5 RFID Reader Combines Hardware and IBM WebSphere Software to Minimize Network Overload When Integrating RFID Data with Enterprise Applications BUSINESS WIRE EVERETT, Wash.--(BUSINESS WIRE)----Intermec Inc. has been named winner of the Best Wireless Mobility Solution award in the annual IBM PartnerWorld Beacon Awards competition, which honors IBM Business Partners for their innovation, customer satisfaction and outstanding achievements in providing on-demand business solutions.
Intermec's IF5 RFID reader, which is being used in the METRO Group Future Store in Rheinberg, Germany, is the first production-scale integration of IBM's WebSphere RFID Device Infrastructure software on an RFID reader. This potent combination of hardware and software provides early data filtering, to minimize network overload, correlate RFID events and integrate RFID event data with enterprise applications.
The Intermec IF5 system is helping METRO Group achieve just-in-time inventory delivery, reduced inventory costs, more accurate recording of data and fewer "out of stock" and "out of shelf" products for consumers. METRO Group plans a rollout of the RFID solution for selected sales divisions with more than 100 stores and distribution centers by September 2006.
"Judges selected Intermec as the winner in this category based on its ability to deliver cutting-edge innovative value to customers while working closely with IBM to both benchmark and extend those solutions and technologies," said Donn Atkins, general manager, IBM Global Business Partners. "Intermec is combining technology expertise with business insight to help its clients innovate on important business issues and realize real efficiencies."
More than 860 nominations were judged by a team of leading industry journalists, analysts, and IBM executives, who selected winners and finalists in 36 award categories. These IBM Business Partners will be honored during the IBM PartnerWorld 2006 Conference in Las Vegas, Nevada, March 12 - 15.
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Intermec reaches patent settlement with HP (9:14 AM ET) NEW YORK (MarketWatch) -- Intermec Inc. (IN : intermec inc com 2:50pm 03/10/2006
IN31.81, -0.10, -0.3%) on Friday said it has reched a "positive resolution" in a patent dispute with Hewlett-Packard (HPQ : Hewlett-Packard Co. News , chart, profile, more Last: 33.08+0.32+0.98%
2:52pm 03/10/2006 HPQ33.08, +0.32, +1.0%) . The agreeement addresses smart battery management technology patents held by Intermec
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Updated:2006-03-28 10:03:13 Intermec Board Approves $100 Million Share Repurchase Dow Jones Intermec Inc. (IN) Tuesday said its board approved the buyback of up to $100 million worth of its common stock.
The Everett, Wash., developer of supply chain technology products said it plans to fund the repurchases with currently available cash and cash equivalents. Intermec ended the year with $257 million in cash and cash equivalents
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Updated:2006-05-04 06:50:37 Intermec Receives 2006 Frost & Sullivan Supply Chain Management Enabling Technology Award For Development of Intellibeam EL10 Laser Scan Engine BUSINESS WIRE EVERETT, Wash.--(BUSINESS WIRE)----A dedication to developing and strengthening supply chain technologies and a special understanding of customer requirements are two of the reasons Intermec Inc. has been awarded the 2006 Frost & Sullivan Supply Chain Management Enabling Technology of the Year Award. Intermec received special recognition for development of its Intellibeam EL10 barcode scan engine, the only ADC scan engine to use MEMS-based technology.
MEMS, or micro-electromechanical systems, technology is used in mission-critical applications such as vehicle airbag and braking systems. The MEMS-based Intellibeam EL10 laser scan engine provides snappier scanning, faster scans, better recognition and processing of poor quality or damaged bar codes, and solid reliability, compared with earlier laser scanning technologies. Because MEMS-based laser scanners are able to read bar codes up to 40 times as fast as today's legacy equipment, workers are able to capture information more rapidly and efficiently, speeding the flow of information through a supply chain and improving supply chain visibility.
"Intermec's bold use of MEMS technology in its products gives it a distinct advantage over its competition in the supply chain industry," said Frost & Sullivan Research Manager Sath Rao. "This company clearly has an unmatched grasp of customers' needs. It doesn't just look for trends. It successfully anticipates and acts on them."
The Intellibeam EL10 is designed with separate laser emission and collection optics for increased sensitivity and responsiveness, as well as easier scanning of low contrast bar codes. The miniaturization and solid state properties of the EL10's MEMS technology leads to greater durability and lower equipment failure rates, as well
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Updated:2006-05-08 17:55:04 Intermec 1Q Net Quadruples On $23 Million Settlement Payment Dow Jones Dow Jones Newswires
Intermec Inc.'s (IN) first-quarter profit quadrupled to $14 million, or 22 cents a share, from $3.48 million, or 6 cents a share, as the company received a $23 million settlement from an intellectual property case.
The settlement gain contributed 16 cents a share to earnings, Intermec said. The company also recorded a restructuring charge of 1 cent a share and stock- option expenses of 2 cents a share during the first quarter. Earnings from continuing operations were 23 cents a share.
A Thomson First Call survey of eight Wall Street analysts projected earnings of 8 cents a share, including stock-option expenses.
For the first quarter ended April 2, the Everett, Wash., developer of technologies that track and manage supply chains recorded revenue of $227 million, up 15% from $196 million.
Intermec expects most of the remaining restructuring costs will be recorded over the rest of 2006. The company expects savings from restructuring to begin in the fourth quarter of 2006, reaching an estimated annual pretax savings of $8 million in the first quarter of 2007.
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Updated:2006-05-09 15:41:36 Intermec Shares Up After 1Q Report AP NEW YORK (AP) - Shares of Intermec Inc. traded higher Tuesday even after the company posted adjusted first-quarter operating results below estimates due mainly to weak demand in Europe, its second-largest market.
On Monday after the markets closed, the company, whose products include scanners, data collection systems and radio frequency identification (RFID) readers, posted earnings from continuing operations of $15.1 million, or 23 cents per share, compared with earnings of $5.4 million, or 9 cents per share, a year ago.
Sales totaled $226.8 million, up from last year's $196.5 million.
The most recent quarter's results included a gain from a settlement with Hewlett-Packard that added $23 million to sales and 16 cents per share to earnings.
Excluding items that also included a tax benefit and a charge for the shutdown on its design centers in Sweden, the company's earnings totaled 6 cents per share, according to Lehman Brothers analyst Jeffrey T. Kessler. This fell below Wall Street's estimates of 8 cents per share.
Kessler, who rates the company "Equal Weight," lowered his target price to $35 from $38.
Despite a less than enthusiastic response from analysts, Intermec's shares rose $1.56, or 5.9 percent, to $27.81 in afternoon trading on the New York Stock Exchange. In the past 52 weeks, the stock has traded between $19.01 and $38.81.
The analyst lowered his second-quarter outlook to earnings of 11 cents per share from the prior 19 cents.
The company said during its conference call with analysts it expects second-quarter earnings of 9 cents per share, give or take 2 cents, including stock options costs and one-time items. Intermec also forecast sales between $223 million and $233 million for the quarter.
Analysts, on average, are looking for earnings of 20 cents per share, on sales of $240.2 million, according to a poll by Thomson Financial.
Raymond James analyst Chris Quilty had expected the company's shares to take a hit Tuesday, but said in a client note the downside should "be somewhat mitigated by the company's attractive operating leverage and unique opportunity," such as patents and royalties, within the RFID industry."
"Intermec remains uniquely-positioned within the fast-growing RFID industry, and the company stands to benefit significantly once RFID revenue begins to pick up (expected during back half 2006)," the analyst wrote, maintaining a "Strong Buy" rating with a new, lower target price of $37
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