|
“It was critical that Wall Street was first made aware of and then helped to understand Genesis Microchip’s growth story in what, in 2001, was a nascent flat-panel semiconductor display market. Nagle & Ferri helped to ensure that analysts and institutional investors gained a full appreciation of the company’s compelling investment value.” –Amnon Fisher |
||
Genesis MicrochipGenesis Microchip, Inc. (Nasdaq: GNSS) is a relationship that began in November 2000, when Nagle & Ferri developed a comprehensive IR program for the company, initiating and managing a series of local and national road shows for the CEO and CFO. Genesis met with more than 400 buyside and sellside market professionals in more than 25 cities in the U.S., Europe and Asia. Our program helped move the company’s stock price more than 8X – from less than $8.00 per share in December 2000 to an all-time high of $74.00. In fact, Nasdaq informed us that, in 2001, Genesis was the top performer of the 1,750 Nasdaq National Market companies starting the year with a U.S. market value greater than $100 million and price greater than $3. Subsequently, after a series of internal difficulties resulted in a significant change in senior management and board membership, Genesis asked us to re-introduce the company to Wall Street. Our program helped move the company’s stock price 5X. Recently, following the appointments of a new CEO and CFO, Nagle & Ferri worked with the company to proactively reposition and sell the “new” Genesis to the investment community, generating increased sellside coverage and buyside interest via conference participation and one-on-one meetings. |
From November 2000 through to January 2002, Nagle & Ferri recruited twelve sellside analysts to
initiate coverage, increasing total coverage from just two to 14 sellside analysts. The result was
to generate substantial institutional investment and retail sales opportunities, all of which
significantly boosted GNSS’s overall stock performance – from roughly $8.00 per share to
more than $74.00 – and a nearly 350 % increase in market capitalization. This helped to place
Genesis in a better position to acquire a competitor with complimentary technology in early 2001 –
and thereby extend its market presence. Chart Key: Performance comparison with Nasdaq National Market
Composite (IXIC), Dow Jones Industrial Average (DJI) and Standard & |
||
 | |||
