SCMM SCM Microsystems, Inc. featured news, full reports, and detailed charts
SCM Microsystems, Inc. (SCMM) Wrap Up:
SCM Microsystems, Inc. (“SCM,” the “Company,” “we” and “us”) was incorporated in 1996 under the laws of the state of Delaware. We design, develop and sell hardware, software and silicon solutions that enable people to conveniently and securely access digital content and services. We sell our secure digital access products in two market segments: PC Security and Digital Media Readers. • For the PC Security market, we offer smart card reader technology that enables authentication of individuals for applications such as electronic identification and driver’s licenses, electronic healthcare cards, secure logical access to PCs and networks, and physical access to facilities. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f18%2f0000950134-08-004956.html#FIS_BUSINESS"www.scmmicro.com
147 Employees
Founded in 1990
SCM Microsystems U S Inc (SCMM:NASDAQ)
LAST $2.60 USD
CHANGE TODAY -0.14 -5.11%
VOLUME 9.0K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of SCM Microsystems U S Inc (SCMM)
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OPEN
$2.70
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PREVIOUS CLOSE
$2.74
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DAY HIGH
$2.78
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DAY LOW
$2.60
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52 WEEK HIGH
01/5/09 - $3.44
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52 WEEK LOW
12/31/08 - $1.02
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MARKET CAP
65.4M
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AVERAGE VOLUME 3 mo
3.6K
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DILUTED EPS TTM
$-0.55
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SHARES OUTSTANDING
25.1M
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SCMM Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
SCMM Top Compensated Officers
Mr. Felix Marx
Chief Executive Officer and Director
Age: 42
Total Annual Compensation: $696.9K
Dr. Manfred Mueller
Executive Vice President of Strategic Sales a...
Age: 39
Total Annual Compensation: $241.7K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for SCM Microsystems U S Inc (SCMM)
SCM Microsystems Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/16/2009
SCM Microsystems Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has posted net revenue of $13,334,000 compared to $6,393,000 for the same period a year ago. Loss from operations $1,587,000 compared to $2,047,000 for the same period a year ago. Net loss was $2,237,000 or $0.09 basic and diluted per share compared to $2,799,000 or $0.21 basic and diluted per share for the same period a year ago. EBITDA was $1,329,000 compared to $3,273,000 for the same period a year ago. Loss from continuing operations was $2,317,000 or $0.09 basic and diluted per share, compared with loss from continuing operations of $3,267,000, or $0.21 per share in the third quarter of 2008. For the nine months, the company has posted net revenue of $29,450,000 compared to $19,377,000 for the same period a year ago. Loss from operations $6,580,000 compared to $6,370,000 for the same period a year ago. Net loss was $5,768,000 or $0.29 basic and diluted per share compared to $5,988,000 or $0.38 basic and diluted per share for the same period a year ago. EBITDA was $6,376,000 compared to $7,089,000 for the same period a year ago. Loss from continuing operations was $6,073,000 or $0.29 basic and diluted per share, compared with loss from continuing operations of $6,814,000, or $0.43 per share for the same period year ago.
SCM Microsystems Inc., Special/Extraordinary Shareholders Meeting, Dec 18, 2009
11/13/2009
SCM Microsystems Inc., Special/Extraordinary Shareholders Meeting, Dec 18, 2009, at 13:00 US Pacific Time. Agenda: To approve the offer by the company to the Bluehill ID shareholders to acquire all of the Bluehill ID shares in exchange for shares of SCM common stock, and specifically the issuance of shares of SCM common stock to Bluehill ID shareholders who accept the offer.
Werner Koepf to Resign as Member of the Board of SCM Microsystems Inc
10/13/2009
On October 7, 2009, Werner Koepf, Chairman of the Board of SCM Microsystems Inc., informed the company that he will agree to resign as a member of SCM's Board of Directors, and any committee thereof, effective upon the closing of the previously announced proposed business combination of the company with Bluehill ID AG, to create a vacancy that will be filled with a Bluehill ID appointee.
SCMM Competitors
| Company | Last | Change |
| Gemalto | €30.24 EUR | -0.01 |
| Precise Biometrics AB | kr2.32 SEK | -0.08 |
| Ye Data Inc | ¥125.00 JPY | +2.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SCMM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.9x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 1.7x |
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SCMM |
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SCMM transactions
| Type Date |
Target |
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Merger/Acquisition
September 20, 2009 |
Bluehill ID AG |
More Recent News About SCM Microsystems, Inc.
More news for SCMM
SCM MICROSYSTEMS INC Files SEC form 8-K, Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 7, 2009, Werner Koepf, Chairman of the Board of SCM Microsystems, Inc. ("SCM" or the "Company"), informed the Company that he will agree to resign as a member of SCM's Board of Directors, and any committee thereof, effective upon the closing of the previously announced proposed business combination of the Company with Bluehill ID AG, to create a vacancy that will be filled with a Bluehill ID appointee. Mr. Koepf also notified the Company that he intends to continue to stand for re-election at the Company's upcoming 2009 Annual Meeting of Stockholders which is being held on October 29, 2009. As previously disclosed in the Company's Current Report on Form 8-K filed September 21, 2009, the proposed business combination is subject to the satisfaction of several conditions, including the approval by the Company's stockholders of the issuance of shares of the Company's common stock in connection with the business combination, and assuming that all conditions to closing are satisfied, is not expected to close for several months. In the event that Mr. Koepf is re-elected at the 2009 Annual Meeting and the proposed business combination is not consummated, Mr. Koepf's agreement to resign would not become effective and he would continue to serve as a director on SCM's board of directors until the earlier of his subsequent resignation or removal, or until his successor is duly appointed or elected. Forward-Looking Statements This Current Report contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding the proposed combination with Bluehill ID and the issuance of the shares of the Company's common stock to shareholders of Bluehill ID who accept the offer, and...Click here to read the whole Article (external link)
SCM Microsystems: New CHIPDRIVE(R) Time Recording 6.0 Available
CHIPDRIVE Time RecordingCHIPDRIVE Time Recording is one of the leading solutions for time recording for small and medium enterprises. CHIPDRIVE Time Recording 6.0 comes with everything needed to set up and manage time recording of employees and projects within small and medium-sized businesses. Smart cards or contactless chip tokens are included for employees to use as forgery-proof employee time cards; a mobile or network-based terminal serves as a time clock; and CHIPDRIVE software records and analyzes employee attendance and other data, including hours logged, status of vacation days and work absences.CHIPDRIVE Time Recording 6.0.Time Recording system.CHIPDRIVE® Time Recording 6.0 CHIPDRIVE support center and present the bill or packing list.About CHIPDRIVECHIPDRIVE Time Recording solutions allow easy and fast recording of employee working hours.About SCM MicrosystemsSCM Microsystems (NASDAQ: SCMM; Prime Standard: SMY) is a global leader in security and identity solutions for secure access, secure identity and secure exchange. Together with its Hirsch Electronics subsidiary, SCM provides complete, integrated solutions that secure digital assets, electronic transactions and facilities. The company offers the world's broadest range of contact, contactless and mobile smart card reader technology; physical and logical access control systems; digital identity transaction platforms; biometrics; and digital video. SCM's solutions enable a wide variety of applications including enterprise security, identity management, contactless payment, e-health and electronic government services. Websites: ...Click here to read the whole Article (external link)
SCM Microsystems Announces Results of Annual Meeting
SANTA ANA, Calif. and ISMANING, Germany, Oct. 30 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM - News; Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, announced today that its stockholders have approved an increase of the amount of common shares authorized during yesterday's annual meeting of stockholders. At its annual meeting held on October 29, 2009, 61 percent of SCM's stockholders cast their votes and a majority followed the proposals of the Board of Directors to vote for all proposals. In addition to the election of directors, proposals included a 20 million share increase to the number of common shares authorized under the Company's Certificate of Incorporation, as well as a two million share increase in the number of shares reserved for issuance under the Company's 2007 Stock Option Plan.Securing approval for these share increases enables SCM to continue to pursue mergers and acquisitions, which are an important component of the Company's growth strategy. SCM is focused on taking an active role in shaping the Identity Management and contactless markets through investments, consolidation with other providers and active promotion of the development of solutions that will enable these markets to grow."We are pleased that our stockholders have demonstrated their support for our growth strategy. The increase in our capital stock gives us more options in negotiating additional acquisitions and other transactions with attractive comp...Click here to read the whole Article (external link)
Hirsch Organizes for Digital Identity Growth
SANTA ANA, Calif.--(BUSINESS WIRE)--Hirsch today announced it is again expanding its resources for digital identity market growth by appointing Rob Zivney to the newly created position of vice president, business development. Early this year, Hirsch Electronics merged with leading smart card reader manufacturer SCM Microsystems, Inc. Last month, the combined company announced an agreement to acquire Bluehill ID AG, which consists of a leading group of identification technology offerings and services. Rob Zivney, while vice president of marketing for Hirsch, has pioneered Hirsch’s initiatives in identity, credential and access management (ICAM) using smart cards in vertical markets, especially the federal government sector. In order to assure Hirsch’s position as a leading global systems provider of smart card-based identity solutions for access control, Zivney has accepted the new position of VP business development to focus on growing this business."I have enjoyed building the Hirsch brand and putting in place the many capable people that can carry on the day-to-day marketing activities," said Mr. Zivney. "However, for the past few years, I really have been focused on initiatives that make Hirsch a driving force in the move to digital identities for access control. These initiatives include standards development, industry trade organization participation, market/product definition, government relations and other activities that eventually led to the merger with SCM."Mr. Zivney is on the Security Industry Association (SIA) Board of Directors, is the chair of the SIA Personal Identity Verification (PIV) Working Group and serves on standards committees for both SIA and ASHRAE...Click here to read the whole Article (external link)
SCM Microsystems and LEGIC Identsystems Announce Cooperation
SANTA ANA, Calif., ISMANING, Germany and ZURICH, Nov. 10 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM - News; Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, and LEGIC® Identsystems Ltd, a leading manufacturer of contactless smart card technology for personal identification, announced today that they have formed a strategic partnership to create new products that support integrated physical and logical access. SCM's expertise in USB tokens, smart card readers and other authentication hardware, combined with LEGIC's 13.56 MHz contactless technologies, will be combined to create strong, reliable and convenient convergence solutions for the business and consumer markets. The first joint products of the cooperation will be presented at the CARTES Exhibition from 17 - 19 November 2009 in Paris. Dr. Otto Eggimann, vice president Sales and Business Development of LEGIC, anticipates that the partnership will further strengthen the development of converged physical and logical access solutions for both information technology and personal identification applications. "Our card-in-card technology allows the integration of LEGIC functions on existing data storage mediums such as smart cards or USB tokens. This opens completely new markets and enables new products combining contact and contactless applications. SCM Microsystems is a leader in smart card reader technology and the emerging convergence space, and is an important partner for us as we further d...Click here to read the whole Article (external link)
SCM Microsystems and BioID AG Establish Strategic Cooperation
SANTA ANA, Calif., ISMANING, Germany, and SACHSELN, Switzerland, Nov. 12 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM - News; Prime Standard: SMY) and BioID AG announced today that they have entered into a strategic partnership to create biometric enabled access solutions, beginning with the joint development of biometric authentication solutions for IT security. SCM's expertise in smart card reader technology and other authentication hardware, combined with BioID's state-of-the-art face, iris and voice recognition technology will enable strong, reliable, and convenient user authentication for enterprise, government and consumer applications. In addition, SCM's vast reseller network and direct relationships with government and enterprise clients offer established distribution channels for these new solutions. "BioID's unique and powerful multimodal biometric authentication technology has been widely used for many years for applications from remote and home office protection, to corporate and private banking, to remote access protection for the military," said Felix Marx, CEO of SCM Microsystems. "This cooperation will enable us to expand our offerings with multi-factor biometric authentication solutions, both in our target physical and logical access markets as well as to newer markets where strong user authentication is required."Concerns about identity theft, privacy and data security are driving organizations to consider new authentication approaches. Regulatory agencies like the Federal Financial ...Click here to read the whole Article (external link)
SCM Microsystems Announces Effectiveness of Registration Statement on Form S-4 and Setting of Record Date for Special Meeting
SANTA ANA, Calif. and ISMANING, Germany, Nov. 13 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM; Prime Standard, SMY), a leading provider of solutions for secure access, secure identity and secure exchange, today announced that on November 12, 2009, its Registration Statement on Form S-4, relating to the previously announced proposed business combination of SCM Microsystems and Bluehill ID, was declared effective by the United States Securities and Exchange Commission. SCM Microsystems also announced that a special meeting of its stockholders has been scheduled for Friday, December 18, 2009 at 1:00 p.m. Pacific time, to consider a proposal to approve the offer by SCM Microsystems to the Bluehill ID shareholders to acquire all of the Bluehill ID shares in exchange for shares of SCM common stock, and specifically the issuance of shares of SCM common stock to Bluehill ID shareholders who accept the offer. The board of directors of SCM Microsystems has set the close of business on November 9, 2009 as the record date for determining stockholders who will be entitled to receive notice of, and vote at, the special meeting. SCM Microsystems expects to begin mailing the proxy statement and prospectus for the special meeting on or about November 18, 2009 to its eligible stockholders.The parties currently expect the transaction to close in early 2010.About SCM MicrosystemsSCM Microsystems (NASDAQ: SCMM; Prime Standard: SMY) is a global leader in security and identity solutions for secure access, secure identity and secure exchange. Together with its Hirsch Electronics subsidiary, SCM provides complete, integrated solutions that secure digital assets, electronic transactions and facilities. The company offers the world's broadest range of contact, contactless and mobile smart card reader technology; physical and logical ...Click here to read the whole Article (external link)
SCM Microsystems Reports Third Quarter 2009 Results
SANTA ANA, Calif. and ISMANING, Germany, Nov. 16 /PRNewswire-FirstCall/ -- SCM Microsystems, Inc. (Nasdaq: SCMM, Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, today announced results for its third quarter ended September 30, 2009. In the second reporting period following SCM's merger with Hirsch Electronics Corporation, revenue more than doubled, reflecting the success of the Company's strategy to increase its revenue by expanding its customer base and market reach through acquisitions and market investment. "We are very pleased with the momentum we are seeing from our merger with Hirsch. Customers around the globe are expressing their interest and enthusiasm, we have new opportunities in every region, and SCM is being recognized as the first company capable of delivering truly converged solutions for network and physical access applications," said Felix Marx, chief executive officer of SCM Microsystems. "The integration of Hirsch and SCM has proceeded rapidly as we have focused on creating synergies within our sales and marketing organizations to accelerate the acquisition of new customers, expand our mutual distribution channels and introduce new products in target markets.""Our merger with Hirsch was the first significant transaction of our acquisition strategy and we are working to replicate this achievement with our proposed business combination with Bluehill ID, which our stockholders will vote on in December. Both SCM and Bluehill ID are focused on access control, identity management and RFID technologies and markets, which are important applications that leverage contactless technologies, but each company operates under complementary brands within the RFID and smart card value chains. We believe combining with Bluehill ID will accelerate our development of a leadership posi...Click here to read the whole Article (external link)
SCM MICROSYSTEMS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Item 8.01. Other Events. On November 13, 2009, SCM Microsystems, Inc. ("SCM" or the "Company") issued a press release announcing that its Registration Statement on Form S-4 (the "Registration Statement") relating to the previously announced proposed business combination of SCM Microsystems and Bluehill ID, a stock corporation incorporated in Switzerland, was declared effective by the Securities and Exchange Commission on November 12, 2009. SCM also announced that a special meeting of its stockholders has been scheduled for Friday, December 18, 2009 at 1:00 p.m. pacific time, to consider a proposal to approve the offer by SCM Microsystems to the Bluehill ID shareholders to acquire all of the Bluehill ID shares in exchange for shares of SCM common stock, and specifically the issuance of shares of SCM common stock to Bluehill ID shareholders who accept the offer. The board of directors of SCM has set the close of business on November 9, 2009 as the record date for determining stockholders who will be entitled to receive notice of, and vote at, the special meeting. SCM expects to begin mailing the proxy statement and prospectus for the special meeting on or about November 18, 2009 to its eligible stockholders. A copy of the press release issued by SCM announcing the effectiveness of the Registration Statement and the details of the special stockholder meeting is attached to this report as Exhibit 99.1 and is incorporated by reference herein. Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include, without limitation, our statements contained above regarding the anticipated mailing date of the proxy statement and prospectus and the closing date of the business combination and other statements that are not historical facts. These statements involv...Click here to read the whole Article (external link)
SCM MICROSYSTEMS INC Files SEC form 8-K, Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Agreement. On September 20, 2009, SCM Microsystems, Inc. ("SCM" or the "Company") entered into a Business Combination Agreement (the "Business Combination Agreement") with Bluehill ID AG ("Bluehill ID"), a stock corporation incorporated in Switzerland, to combine their respective companies. The Business Combination Agreement provides for, among other things, the Company to make an offer to the Bluehill ID shareholders to acquire all of the Bluehill ID bearer shares (the "Offer"), and the issuance of shares of SCM's common stock to Bluehill ID shareholders who accept the Offer. The foregoing description of the Business Combination Agreement does not purport to be complete, and is qualified in its entirety by reference to the Business Combination Agreement, a copy of which was filed previously as exhibit 2.1 to SCM's Current Report on Form 8-K dated September 21, 2009 (see SEC File No. 000-29440) and is incorporated herein by this reference. On November 8, 2002, the SCM board of directors declared a dividend of one preferred share purchase right to purchase one one-thousandth of a share of SCM's series A participating preferred stock for each outstanding share of SCM common stock. The dividend was payable on the record date of November 25, 2002 to stockholders of record as of the close of business on that date. Certificates representing SCM common stock issued after the record date contain a notation incorporating the rights agreement by reference. The terms of the rights are governed by a preferred stock rights agreement, dated as of November 8, 2002, as amended December 10, 2008 (the "Rights Agreement") between SCM and American Stock Transfer & Trust, LLC (the "Rights Agent"). The rights only become exercisable if a person or group of affiliated or associated persons has acquired, or obtained the right to acquire, beneficial ownership of 15% or more of the shares of SCM common stock ...Click here to read the whole Article (external link)
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