Corrections or additions?
Published in U.S. 1 Newspaper on June 7, 2000. All rights reserved.
Tachyon Zooms In On Nasdaq
Wall Street was waiting for this, a smarter way to trade
stocks on the Nasdaq market. The launch of Tachyon Systems’ first
product, FalconEye, was Thursday, June 1.
“This is an unprecedented effort to deliver real time data and
analytics over the Internet through Java applets,” says Keith
Danko, co-founder of Tachyon Systems with Sasha Migdal, the Russian-born
scientist also responsible for the technology behind Real Time Geometry,
aka Metastream (U.S. 1 April 19). “To our knowledge nothing like
this has ever been done before.”
Based on Hulfish Street, Tachyon is creating a new paradigm, Danko
claims. “It is not the next anything. It is part of what I think
will be a new model for Internet businesses, not built around selling
you something over the Internet.” Tachyon is built around giving
the traders a useful method to analyze the kind of information that
the Internet makes possible, and communicating the resulting content
in a very convenient fashion.
The FalconEye uses Level 2 information from the Nasdaq market. Danko
says that FalconEye will include three levels of service. “The
novice level will be free and offer limited examples of our features.
The Plus+ level will be $34.95 per month, and the Pro level is $99.95
per month with discounts available for annual subscriptions to each.”
FalconEye services include:
FalconEye Tracker Live Map is a plotting and sorting mapof the entire Nasdaq market. It resembles the clouds of a weathermap, because it expands and contracts, using Java technology. “Itallows investors to discover interesting stock trading opportunitiesthat they may not have discovered by any other means,” says Danko.”They can use it to get ideas.”Falcon Eye Level II View. Choose one of nine plots oftechnical indicators. “It plots the entire market and ranks eachstock according to the indicators.” It looks at density, findingwhich stocks are least like the other stocks in that particular plot,and which are most unique on that plot. “If they are unique, somethingis going on with them,” says Danko. “Something is happening,relative to the market and what you have plotted, though at this pointyou won’t know what it is. So you click on that stock to see if thereis something interesting.””This appeals to the person who wants to get ideas that maybenobody else is looking at,” says Danko. He thinks the possibilitiesare endless. “There will be users who will be the ones to teachhow to use that product.”The Falcon Eye Alerts Monitor alerts you in real timewith a menu of 120 technical indicators to choose from. This is thefirst time traders have been able to watch the indicators work inreal time for the Nasdaq Level 2 market, says Danko.The FalconEye Order Optimizer is a “really cool tool,”says Danko, that provides statistical guidance that investors canuse before they place stock orders. This Tachyon tool uses proprietaryanalytics to give statistical information on estimated chances ofdoing well on the bid/offer spread, buying at a low bid price andselling at a high offered price.”We actually graph the data for you, which no one else cando,” says Danko. “Our goal is to be a cutting edge creatorof real time analytics. We chose the Nasdaq Level 2 area first becauseno one had been able to do it, and we thought it would gain notorietyfor us quickly.”Tachyon Systems LLC, 47 Hulfish Street, Princeton08540. Keith Danko, CEO. 609-921-2216. Www.tachyonsystems.com.Top Of PageRadio IPOMore news about Nassau Broadcasting’s initial publicoffering: The S-1 filing on May 9 stated that Nassau Broadcastinghoped to offer shares of Class A stock worth $190 million, says JudyBrenna, the company’s new director of corporate communications andinvestor relations (formerly with Integra Life Sciences and NoonanRusso). The exact number or price of the shares has not been determined.The funds would be used to finance acquisitions as well as to payoff debt. Including the stations it is now in the process of buying,Nassau operates 17 FM and 15 AM stations. These stations representnine markets in New Jersey, Pennsylvania, New York, and Connecticut.For 1999 the net revenues were $31.4 million and broadcast cash flowwas $10.6 million.Shares would be listed on Nasdaq as NBCR.Nassau Broadcasting Partners LP, 619 AlexanderRoad, Box 1350, Princeton 08540. Louis F. Mercatanti Jr., CEO. 609-419-0300;fax, 609-419-0143. Home page: www.nbplp.com.Top Of PageTelecom MovesOnepath Networks, 600 College Road East, Suite3400, Princeton 08540. David Stehlin, CEO. 609-514-1800; fax, 609-514-1881.Home page: www.onepath.com.When David Stehlin opened this office as Foxcom last year, it wasa privately-held Israeli company that designed, manufactured and marketedbroadband fiberoptic transmission systems. Its fiberoptic transmittersand receivers could deliver up to 2 GHz of bandwidth to users (U.S.1, August 11, 1999). Now Stehlin has changed its name to Onepath Networksto reflect the change in strategy. “Last year our products werepure video,” says Stehlin. “Now we make transmission equipmentfor video, data, and voice.” To DualStar, Hughes, Pan Am Sat,Southwest Bell, British Telecom, Hyundai, Samsung, and Singapore Telecom,he has added such clients as Bell Atlantic. The staff in Princetonhas grown to “the mid 20s” and will be up to 40 by the endof the year. The 90 workers in Israel are expected to grow to 120.A graduate of the Naval Academy, Class of 1979, Stehlin spent fiveyears as an officer in the Marine Corps, traveling around the world,before joining a North Carolina fiber optics company. During his nineyears at Keptel in Tinton, New Jersey, Stehlin dramatically increasedthe company’s revenues.ITXC Corp. (Internet Telephony Exchange Carrier) (ITXC),600 College Road East, Princeton 08540. Tom Evslin, CEO. 609-419-1500;fax, 609-419-1511. Home page: www.itxc.com.Intel Corporation will license its Internet telephony software technologyto ITXC for the College Road-based firm to use in its webtalkNOW!Service. “Intel’s technology improves the quality of voice communicationwhen making a call from a PC to a phone, achieving nearly the samequality as when making a phone to phone call,” says a press release.ITXC combines Intel’s telephony software with its own patent-pendingvoice traffic management technology, called BestValue Routing, todeliver carrier-grade voice quality over the Internet to Web-basedcallers.Verio Northeast (VRIO), 4390 Route 1, Princeton08540. James Cunningham, president, northeast region. 609-514-3800;fax, 609-514-9010. Home page: www.newjersey.verio.net.The international Internet service provider has been bought by ATTJapan for $5 billion. This ISP started out in academe as JvNCnet,was taken private as Global Enterprise Services, and was sold to theColorado-based Verio. It offers a full range of Internet connections,corporate private virtual networks, training, managed security services,interactive media for the World Wide Web, and consultingVandal-Proof Products Inc., 4 Crossroad Drive,Suite 110, Trenton 08691-3307. Ron Keppel, president. 609-584-7790;fax, 609-584-7723. Home page: www.vandalproof.com.The eight-year-old supplier of emergency telephones has been soldfor $900,000 to Halma, a British company based in Amersham in Buckinghamshire.For the present, at least, 15 people will remain on Crossroad Drive.Its clients include the Port Authority of New York/New Jersey, theBaltimore Mass Transit Association, and Amtrak for the Hudson RiverTunnel, where the steel-encased phones are used by train personnelfor emergencies and maintenance purposes. Another product is a telephonefor elevators.Top Of PageBiotechnology NewsOrchid BioSciences Inc. (ORCH), 303A College RoadEast, Box 2197, Princeton 08540-2197. Dale R. Pfost, CEO. 609-750-2200;fax, 609-750-2250. Home page: www.orchid.com.Orchid Biosciences Inc. will commercialize an open-platform systemdeveloped by Luminex Corporation and add it to Orchid’s line of instrumentsthat conduct single nucleotide polymorphism (SNP) scoring. A publiccompany (LMNX) based in Austin, Texas, Luminex has a LabMAP systemthat performs up to 100 assays simultaneously on a single drop offluid. Its technology employs low-cost microsphere-based assays withsmall lasers, advanced digital signal processors, and proprietarysoftware. Its collaboration with Orchid will target laboratories performingassays at medium speed.Medarex (MEDX), 707 State Road, Princeton Gateway,Suite 206, Princeton 08540. Donald L. Drakeman, president. 609-430-2880;fax, 609-430-2850. Home page: www.medarex.com.Medarex is joining Biosite Diagnostics in using Trans-Phage technologyto speedily make large volumes of fully human antibodies for virtuallyany disease target. For this, Medarex would use its special HuMAb-Mouseand Biosite would contribute Omniclonal phage display technology.Medarex will pay $3 million a year for eight years to Biosite’s researchfund. Biosite’s products are used in nearly half of U.S. hospitals(www.biosite.com).Delsys Pharmaceutical Corporation, 11 Deer ParkDrive, Suite 202, Monmouth Junction 08852. Martyn Greenacre, CEO.732-329-3407; fax, 609-520-6692. Home page: www.delsyspharma.com.Delsys Pharmaceutical Corporation was granted three patents by theU.S. Patent and Trademark office. One covers automated systems formanufacturing solid oral dosage forms using the company’s proprietaryAccudep technology, which enables dry pharmaceutical powders to beelectrostatically deposited onto a variety of substrates. The otherpatents relate to new applications of this technology to manufacturediagnostic products. Delsys now holds 14 issued patents of its Accudeptechnology.Top Of PageDeathsSherman D. Smith, 66, on June 2. He had been an electricalengineer for RCA and General Electric.Wilmer C. Ames Sr., 77, on June 3. He had been a lab technicianat Princeton University.Kevin Lloyd Hartzell, 42, on June 3. He had been vicepresident of PrinVest on Princess Road.Alphonse P. Palmieri MD on June 5. He was chief of pediatricsat St. Francis Medical Center. A mass of Christian Burial will beThursday, June 8, at 11 a.m. at St. Ann’s Church in Lawrence.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
