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Q: fact sheet, accounts and all information about Gemplus Corp USA ( Answered,   0 Comments )
Question  
Subject: fact sheet, accounts and all information about Gemplus Corp USA
Category: Miscellaneous
Asked by: kouky-ga
List Price: $5.00
Posted: 10 Apr 2003 06:50 PDT
Expires: 10 May 2003 06:50 PDT
Question ID: 188747
How do I get all facts- accounts, fact sheet and general information
about Gemplus Corp in the USA.
Answer  
Subject: Re: fact sheet, accounts and all information about Gemplus Corp USA
Answered By: reeteshv-ga on 10 Apr 2003 23:15 PDT
 
Dear kouky-ga,

Good day!

1. Introduction
Gemplus, founded in 1988, is the worldwide smart card leader in both
revenue and total smart card shipments (source: Gartner-Dataquest,
Frost and Sullivan)and caters to the 34% of the world market according
to Eurosmart estimates) for the year 2001.

Gemplus offers smart card enabled technology, products and services
for secured wireless communications and transactions specialising in
the telecommunications ((Mobile Telecom and Public Telephony) and
financial services sector (Banking, Government & Large Enterprise,
Retail and Electronic OEM). It operates in 37 countries around the
world.

2. General Information
Headquarters: Luxembourg

Regional headquarters: 
Gémenos, France (Europe, Middle-East and Africa)
Singapore (Asia Pacific)
Horsham, Pennsylvania, USA (Financial services and security sector -
North America)
Dallas, Texas, USA (Telecommunications sector - North America)
Mexico City, Mexico (Latin America)

Number of Employees: 6356 (as of June, 2002)

Facilities:
Manufacturing facilities: 19
R&D centres: 7
Sales and marketing offices: 44 

Senior management team:
Alex Mandl, CEO 
Jacques Senéca, EVP Business Development Group 
Philippe Vallée, EVP Telecom Business Unit 
Gilles Michel, EVP Financial and Security Services Business Unit 
Philippe Combes, EVP Operations 
Yves Guillaumot, EVP CFO 
Didier Lachaud, EVP HR 
Stephen Juge, EVP General Counsel

Major shareholders:
Texas Pacific Group (25.14% of a total of 633,570,938 shares)
Quandt family (18.23%)
SAGEM (9.61%)

Strategic partners:
IBM; HP; ACI; Netonomy; Realtime; Netsize; Atlas Telecom Mobile;
ISMAP; Telemac; Texas Instruments; Sun Microsystems; Microsoft; Visa
International; MasterCard International

3. Financial information (fiscal year 2002)
                                                      After adjusting
for
                                                      currency
fluctuations,
                                        Year on year  discontinued
oeratoins
In millions of euros  FY 2002  FY 2001  change        and acquisitions
Group revenue         787.4    1,023.0  -23.0 %       -17.5 % 
 Of which Telecom     544.5    681.9    -20.1 %       -17.8 % 
 Of which FSS         242.9    296.8    -18.2 %       -16.9 % 
 Of which Disposed    0.0      44.3     NM            NM 
 operations  
Gross profit          199.7    307.5    -35.0 %       NA 
Gross margin as a     25.4     30.1     NM            NM
% of revenue  
Operating expenses    294.4    388.8    -24.3 %       NM 
Non-recurring items*  0.0      43.8     NM            NM 
Operating loss before -94.7    -125.2   NM            NM
restructuring charge      
Net income            -320.9   -100.2   NM            NM 
Earnings per share    -0.53    -0.16    NM            NM 
(fully diluted)     

*   Litigation and management severance expenses 

Highlights:
- Revenue decline due to a high comparison basis in Financial Services
and Security and strong pricing pressure in the wireless segment.
- Gross profit decrease attributable to pricing pressure in the
wireless segment despite the depletion of expensive chip inventory,
higher sales volumes and product mix improvement.
- Operating expenses down 24.3% due to restructuring. 
- Net profit impacted by non-recurring items, mostly non-cash. 
- Telecom revenue was down 17.8% weakened by pricing pressure. 
- Wireless cards shipments rose 14.3% while the average selling price
dropped 32.2%.
- Wireless shipments soared 65.4% in Americas, increased 17.1% in Asia
and 3.5% in EMEA.
- Financial Services and Security revenue was down 16.9% driven by a
large deal in the US banking/retail segment not being replaced.
- On a geographical basis, the EMEA region was down 12.2% because of
the poor performance of the wireless segment partly offset by the
banking segment. Americas was down 25.9% under the weakness of the US
banking/retail market. Asia was down 27.0% driven by the wireless
segment.
- Software and Services revenue grew 12%. They contributed 5.1% of the
Company’s revenue in the fiscal year 2002 compared with 3.3% in 2001.


Additional links:

Corporate web site of Gemplus International has lots of material:
http://www.gemplus.com

The financial filings with the Securities and Excahnge Commission of
the USA are available at:
http://www.sec.gov/cgi-bin/browse-edgar?company=Gemplus&CIK=&filenum=&State=&SIC=&action=getcompany


Search strategy:
"Gemplus Corporation"
://www.google.com/search?hl=en&lr=&ie=UTF-8&oe=UTF-8&q=%22Gemplus+Corporation%22

Hope this helps!

Regards,
reeteshv-ga
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