Went out this morning and managed to get a copy of the Financial...

Went out this morning and managed to get a copy of the Financial Review. Nothing like reading a paper to get the full story rather than pay a crazy price to access the online story.

The page 45 story on SEN runs under a headline entitled SENETAS LOOKING SECURE

The newspaper goes on to say that SEN has travelled a hard road since the dotcom burst but has emerged intact.

Reference is made to the 5x rise in its share price after its subsidiary CTAM hooked up with SafeNet which is a Nasdaq company.

SafeNet, according to the Financial Review, has a market cap of USD780 million (AUD990 million). SafeNet has, according to the article, been making and distributing CTAM's encryption products in the USA.

The story continues that it (SafeNet) has been paying a combination of royalties, licensing and marketing fees equal to 30% of revenue from the products.

IMHO if SafeNet makes more sales in the future SEN would get additional royalties other than those they have already announced. Upside potential looking rosier by the day, what with the dividend already announced, good numbers converting their options and the lift in the share price.