E1AR0002@SMUVM1.BITNET (03/14/86)
Summary of The Spang Robinson Report Volume 2, Number 3, March 1986 Discussion of the prospectus' of Teknowledge and Intellicorp, two AI corporations that have recently gone public: Teknowledge has recorded losses for each year of operation through the fiscal year ending June 30, 1985. As of December 31, 1985, Teknowledge had an accumulated deficit of $9,173,100. It has licensed its systems to over 175 customers. The tangible book value of Teknowledge was $15,633,600 as of December 31, 1985. Teknowledge revenues for 1985 was $7,316,600 in 1985 and $4,378,500 in fiscal 1984. In 1985, software services accounted for 45 percent of its revenue with products and training providing 37 percent of the ratios. As of December 31, 1985, the company raised $24,976,000 from private sale of securities and had $12.5 million in working capital. Earnings of officers(including other compensation such as commissions and housing allowances): Frederick Hayes-Roth $195,402 JOhn W. Spencer, Vice President, Sales and Marketing $164,038 Lee M. Hecht, President, $141,700 Barry L. Plotkin, Vice President and General Manager of Knowledge Engineering Services, $116,250 Earl D. Sacerdoti, Vice President and General Manager of Knowledge Engineering Products and Training: $107,800 Intellicorp has reported a substantial loss for 1985, although it has reported profits in most recent three quarters. They delivered 425 KEE systems to 100 customers. It received from Sperry Corporation 22 percent and 21 percent of its revenues in fiscal 1985 and the first quarter of fiscal 1986. Intellicorp has fluctuated between $3.5 dollars per share and $13.75 per share. Intellicorp runs BIONET in a cooperative agreement with National Institutes of Health. They also offer a package of ten software programs in the area of genetic engineering research. There is a company called "Kee Incorporated" which advised Intellicorp of a possible trademark infringement of the company's name. Salaries: Ralph Kromer, $115,000 Thomas P. Kehler, Executive Vice president, manager of Knowledge Systems Divison, $110,000 kenneth Hass, Vice President, General Counsel and Secretary $75,625 Carrol Gallivan, Vice President, Marketing $100,000. __________________________________________________________________________ Article on the Dreyfus affair regarding the article that appeared in the January 1986 issue of Technology Review. __________________________________________________________________________ Discussion of the Expert Forecaster, PC product that brings the power of Box-Jenkins forecasting systems to the PC. __________________________________________________________________________ Discussion of Japanese AI: (Dollar Amounts based on a recent exchange rate) MITI is requesting funding of $25 million for basic computer R&D of which most is earmarked for ICOT. This is 6 percent less than the amount allocated to ICOT in the current budget. Japan's Science and Technology Agency is requesting approximately $43.4 million for computer research. Projects that are continuing is a project on developing technologies to elucidate brain function, a survey of knowledge-based systems for assisting in the design of chemical substances, further research on a Japanese-English, English-Japanese translation system. This system is now in operation at the Japan Information Center of Science and Technology. STA is requesting $665,000 for efforts to enlarge the dictionary and to improve the translation system. They are asking $41.5 million from the Japan Atomic Energy Research Institute to continue its R&D on an expert system for safety diagnosis in nuclear power plants. The Japanese Ministry of Agriculture, Forestry and Fisheries is asking $720,00 for a project which aims at developing expert systems for use in agriculture. The Ministry of Labor is requesting money for CAI software for job training. NEC will develop and market four expert systems for control of large general purpose computer systems. This is the first time that applications as opposed to AI tools have been marketed in Japan. These systems will be used for computer performance analysis, network failure analysis, database design and JCL creation and checking. __________________________________________________________________________ News: IBM will be distributing Golden Common Lisp. Golden Common Lisp has over 5000 users. TI has donated seven Explorers to UT Austin. UT Austin bought six Explorers. Texas A&M bought eight Explorer work stations. Silogic announced the availability of Knowledge Workbench for 68000 supermicrocomputers. It has a natural language processor, an expert system shell and an enhanced Prolog environment. It also has a database interface that allows the system to be used on top of relational databases. Lathan Process Corporaiton is using the system to develop an expert advisor to floor supervisors. It costs $8500.00 without the natural language processor and $21000.00 with it. Microsoft announced the latest update of muLisp. It is three times faster than its competitors and allows the development of programs up to 8000 lines long. Intellisource introduced IntelliWare Platinum Label accounting system which integrates an expert system with a natural language menu system. It is based on TI's NaturalLink software. ICAD, Inc. is creating a system to allow engineers to capture their standards for design and increase the accuracy of their solutions. Also Symbolics will announce a smaller AI computer which will cost about $35,000. Speech Systems Incorporated has a demonstrable technology to convert speech into text. They are currently selling stuff to OEMs for integration into their products __________________________________________________________________________ New Bindings Cornelius Willis is Director of Marketing for Level Five Research which created Insight 1 and 2. He was formerly at Human Edge Software Corporation of Palo Alto, CA Quintus Computer Systems has appointed Doug Degroot, VP of Research and Development Teknowledge has named Robert Simon Southern Regional Sales Manager Speech Systems Incorporated has named Edward Feigenbaum Advisor to the President