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“AT&T has built a robust, best-in-class, new mobile music experience for very affordable but powerful phones,” said Ted Woodbery, vice president of Wireless Data, Voice and Ancillary Products for AT&T Mobility and Consumer Markets. “In collaboration with PacketVideo, we were able to bring to life our vision for the kind of seamless integrated mobile music features that we feel will really resonate with our customers.”
PacketVideo Selected to Help AT&T Bring New Mobile Music Experience to Market
New End-to-End Mobile Music Service Redefines the Way AT&T Customers Can Play, Discover and Shop for Music Using their Mobile Device
CTIA Wireless 2010
SAN DIEGO--(BUSINESS WIRE)--PacketVideo (PV) announced today at CTIA that it was selected by AT&T* to help bring AT&T’s new end-to-end mobile music service to market, giving customers a more cohesive way to play, discover and shop for music using their mobile phone.
“PV embraced this opportunity to bring to life the way AT&T re-imagined how the mobile music experience should look, feel and perform for wireless customers”
The new AT&T Music service provides users with a unified music experience that integrates online genre and personalized radio stations, melody match and lyric lookup services, ability to buy and download full songs and albums, and more into a single, easy-to-navigate interface.
“PV embraced this opportunity to bring to life the way AT&T re-imagined how the mobile music experience should look, feel and perform for wireless customers,” said James Brailean, Ph.D., CEO, PV. “With the monumental shifts we’ve seen in other areas of mobile entertainment over the last two years, they recognized a need to make mobile music simple, seamless, and relevant in users’ lives. We’re excited to work with AT&T to bring such a compelling service to fruition.”
“AT&T has built a robust, best-in-class, new mobile music experience for very affordable but powerful phones,” said Ted Woodbery, vice president of Wireless Data, Voice and Ancillary Products for AT&T Mobility and Consumer Markets. “In collaboration with PacketVideo, we were able to bring to life our vision for the kind of seamless integrated mobile music features that we feel will really resonate with our customers.”
Within one mobile broadband application, subscribers to AT&T Music can:
* Listen to 40 commercial-free genre radio stations;
* Customize unlimited personal radio stations;
* Use song match to identify the tune by holding their phone up to music playing on the radio, TV or elsewhere;
* Search for lyrics to identify song title and artist;
* Preview, buy and download songs and albums straight to their phone; and
* Listen to personal music saved on their mobile device, including the ability to create and manage playlists and find music by artist, album, song or genre.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About PV:
Founded in 1998, PacketVideo is the software pioneer powering the world’s leading multimedia services on millions of home and mobile devices. PacketVideo is a subsidiary of NextWave Wireless Inc. (NASDAQ:WAVE).
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100324005768&newsLang=en
Below is the actual quote from the AT&T website. It does NOT mention Packetvideo. Please show me the statement from AT&T that states otherwise.
"The new AT&T Music experience is available today on the LG Xenon, Samsung Solstice and Samsung Impression. AT&T plans to make the service available as a download on additional handsets soon and will begin preloading the service on devices beginning this summer."
AT&T Re-Imagines Its Music Services
Today AT&T announced a brand new music application for its handsets. The AT&T Music application combines a number of different apps that typically appear on AT&T handsets into one, multi-faceted application. It lets users listen to 40 commercial-free genre radio stations; customize unlimited personal radio stations; use song match to identify the tune by holding their phone up to music playing on the radio, TV or elsewhere; search for lyrics to identify song title and artist; preview, buy and download songs and albums straight to their phone; and listen to personal music saved on their mobile device, including the ability to create and manage playlists and find music by artist, album, song or genre. The new AT&T Music experience, which was developed by PacketVideo, is available today on the LG Xenon, Samsung Solstice and Samsung Impression. AT&T plans to make the service available as a download on additional handsets soon and will begin preloading the service on devices beginning this summer. The service costs $7 per month to those with unlimited data plans. That doesn't include music downloads, which will be billed a la carte.
from Packet Video
AT&T
http://www.phonescoop.com/news/item.php?n=5716&su=
PacketVideo Selected To Help AT&T Bring New Mobile Music Experience To Market
PacketVideo (PV) announced today at CTIA that it was selected by AT&T* to help bring AT&T’s new end-to-end mobile music service to market, giving customers a more cohesive way to play, discover and shop for music using their mobile phone.
The new AT&T Music service provides users with a unified music experience that integrates online genre and personalized radio stations, melody match and lyric lookup services, ability to buy and download full songs and albums, and more into a single, easy-to-navigate interface.
“PV embraced this opportunity to bring to life the way AT&T re-imagined how the mobile music experience should look, feel and perform for wireless customers,” said James Brailean, Ph.D., CEO, PV. “With the monumental shifts we’ve seen in other areas of mobile entertainment over the last two years, they recognized a need to make mobile music simple, seamless, and relevant in users’ lives. We’re excited to work with AT&T to bring such a compelling service to fruition.”
“AT&T has built a robust, best-in-class, new mobile music experience for very affordable but powerful phones,” said Ted Woodbery, vice president of Wireless Data, Voice and Ancillary Products for AT&T Mobility and Consumer Markets. “In collaboration with PacketVideo, we were able to bring to life our vision for the kind of seamless integrated mobile music features that we feel will really resonate with our customers.”
Within one mobile broadband application, subscribers to AT&T Music can:
* Listen to 40 commercial-free genre radio stations;
* Customize unlimited personal radio stations;
* Use song match to identify the tune by holding their phone up to music playing on the radio, TV or elsewhere;
* Search for lyrics to identify song title and artist;
* Preview, buy and download songs and albums straight to their phone; and
* Listen to personal music saved on their mobile device, including the ability to create and manage playlists and find music by artist, album, song or genre.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
http://www.thestreet.com/story/10710221/1/packetvideo-selected-to-help-atampt-bring-new-mobile-music-experience-to-market.html?cm_ven=GOOGLEFI
Went up a little more AH to .5199.
A close above .50 works for me. GLTA!
smart move. we're back below .50 again. it just can't hold it. I'm thinking this is not a long term stock. I may start trading in and out I'll see how we end today. congrats on your profit.
Well good work holding then, it was just a drive-by for me, the resistance at .60 looked pretty solid and turned out to be so. out at .59, but will keep on watch. GLTU and all WAVE'ers.
no oops. I didn't sell. Boy it was a close one though because I was ready to sell at .38.... Let's see if this run will takeover and move us permenately over a dollar.
no. .38 is my purchase price. the trend is down, if it hits .38 I'm out and will buy lower. if it hits .38 I think it will continue lower. hopefully today is the last of the down days. I'm surprised at the performance of this stock (actually lack of performance).
Did you bail today? The low was .39.
I think your making a big mistake.
JMHO.
this trend does not look good. I'm bailing at .38 I refuse to lose money on this one.
Estimated value of Spectrum is 3-7 Billion.
Nobody knows.
That would value nextwave at over 1.2 billion dollars and thats their debt........
$11.05 per share offered to debt holders if they would like to convert to common shares of NextWave (WAVE).
Yes, eleven dollars and five cents.
Per Share.
its the looming R/s possibilities and or b/k due to the billion in debt they have .
I think its alot more than that. It doesn't have support. I don't know why but it has yet to get any support. We failed at .50 and now it looks like we are failing at .40. It may end up being that this company has all the right stuff however no one is interested and the pps falls due to lack of interest. Clearly their PR and IR departments can't do their jobs.
Nice market manipulation going on here..small sells of 100 shares to try to free up shares during market hours and after hours.
Don't get shaken.
we hit .50 early and then collasped. that .50 mark is the critical mark to beat for us to move forward.
I hope you are right.
WAVE can breathe again and breathe strong. Debt has been extended till next year which is very very good news.
As for the reverse split, there will be no reverse split. Avenue who is a major holder would never allow this to happen as being a controlling interest in WAVE.
Expect WAVE to hit the wires Nation Wide over the weekend and for News on Financials next week which should shoot this past $1 for good this time.
$1.45 will soon be dust.
MM's are getting to work.
I have my 20,000 share. I'm not buying anymore. I still have a fear they may do a reverse split. If that happens this thing will tank like the titanic. If they don't do the RS then it will go up and I have my 20,000 shares. I think they have until July to get this to a dollar.
KABOOM....GET IN EARLY!!
NextWave Wireless Announces Extension of Debt Maturities, Secures Ability to Access up to $37.5 Million of New Capital
NextWave Wireless Inc. (NASDAQ: WAVE) today announced that it has entered into an Amendment and Limited Waiver (the “Amendment”) to its first, second and third lien note agreements. The Amendment received unanimous note holder approval.
The Amendment extends the maturity date of the Company’s senior secured first lien notes (“first lien notes”) to July 17, 2011, with an additional extension to October 17, 2011 if certain conditions are met, including the pendency of asset sales sufficient to repay all outstanding first lien notes. The Amendment also extends the maturity date of the Company’s senior-subordinated secured second lien notes (“second lien notes”) to November 30, 2011. The maturity date of the Company’s third lien subordinated secured convertible notes (“third lien notes”) remains at December 31, 2011.
In connection with the Amendment, affiliates of certain existing first lien lenders have also committed to provide up to $25 million in new financing through the issuance of additional first lien notes with the same interest rate, maturity, security and additional terms as the existing first lien notes (the “incremental facility”). Funding under the incremental facility remains subject to customary conditions including the accuracy of representations made by NextWave.
After the redemption of approximately 30% of the first lien notes, and the repayment of any borrowings under the new $25 million incremental facility, the Amendment permits the Company to retain up to $37.5 million from the proceeds of future assets sales to fund operations (the “proceeds retention basket”). Under the terms of the Amendment, the proceeds retention basket will be reduced by any amounts borrowed under the incremental facility, providing the Company access to a maximum aggregate of $37.5 million of capital under the combination of the incremental facility and the proceeds retention basket.
To preserve the Company’s cash resources, the Amendment eliminates the requirement of cash pay interest, and allows the Company the option to make future interest payments in-kind through the issuance of additional notes. Under the Amendment, the interest payable on the first and second lien notes has been increased to a rate of 15% per annum. Additionally, interest is now payable on the third lien notes at a rate of 12% per annum initially, increasing 1% per annum on each of December 31, 2010, March 30, 2011, June 30, 2011 and September 30, 2011 to a maximum of 16%. In connection with the Amendment, note holders will be paid a 2.5% fee, payable by the issuance of an aggregate of approximately $21.4 million of new notes.
“We believe this strategic step is another indicator of the confidence our note holders have in NextWave’s business opportunities, the value of our global wireless spectrum portfolio and the operations of our PacketVideo subsidiary, the global leader in multimedia software for mobile devices,” said James Brailean, President and CEO.
The Company was advised by Moelis & Company in connection with the debt maturity extension. Moelis & Company will continue to assist the Company in evaluating strategic alternatives.
About NextWave Wireless
wow, whats it going to take to get this moving???
I have said it earlier and I will say it again..load your account with Nextwave. It is ready to initiate a new uptrend move. Shorts have covered.
http://www.shortsqueeze.com/?symbol=wave&submit=Short+Quote%99
we keep trying... maybe tomorrow we break .50
Trying to break this .50 point has become a huge task. I wonder why it's having so much trouble. I think if we could break and stay above .50 we can ride this to a buck.
WOW, we can't keep this at .50, we need this at .50 as a new floor to build on, otherwise this will keep falling....
CHART SIGNAL
We need to break .50 and hold above. At this time we are below the 20 week moving average which is very bearish for this stock. Strange, we've had 2 runs and both today and Friday failed to hold .50 and now the trend is to push this lower. Could be a very viotile week.
Global Smart Phone Market And Industry Chain Report
Global Smart Phone (News - Alert) Market & Industry Chain Report, 2008-2009 The global mobile phone sales were totaled at 1.137 billion in 2007, up 14.2% year-on-year. The global mobile phone shipment was totaled at 1.213 billion in 2008, up 6.7% year-on-year. The global mobile phone sales recorded at 305 million in Q4, 2008, declined 4.7% compared to the previous quarter; it was the first decline happened in the 4th quarter since 1999.
Although the mobile phone industry was gloomy, however, the smart phone still maintained a growth. Since the birth of mobile phone, it had experienced three upgrading periods, one was featured as color screen in 2002, followed by multimedia mobile phones during 2004-2006, and the third was smart phones.
The demand growth of smart phones is not only driven by the consumers, but also by manufacturers themselves and operators. That means the manufacturers together with operators are creating demands, but not simply satisfying the demands. As for operators, the smart phones mean higher APRU and more loyal clients. And the smart phone was featured as singleness model, long life cycle, low diluted cost, as well as high entry barrier, outstanding brand affection and higher customer loyalty, the higher profit.
The growth of smart phones also created a number of software providers engaged in the three sectors as following: internet browser, which featured as intensive competition. At present, the full-function browsers including: Apple Safari, operating on Mac Os X and Windows BlackBerry (News - Alert) Browser Google Chrome Mobile, operating on Linux Internet Exporer Mobile, operating on Windows Mozilla Mobile Fire Fox, operating on Linux or Windows Nokia (News - Alert) S60 Browser, operating on Symbian Opera Mobile, operating on Windows Palm Blazer, operating on PalmOS Teleca Obigo, operating on various platforms As well as Skyfire, Azingo (News - Alert), SK Innoace The second sectro is multimedia software, including Acrodea, Packet Video and Living Image. The third sector is commercial application software, like Aplix, Borqs, Noser, TAT, Telca, Wind River (News - Alert), MontaVista Software, Movial, Open Plug, Elektrobit, Innopath, Esmertec, and SFR.
http://www.tmcnet.com/usubmit/2010/03/05/4658237.htm
It will definately run past a dollar. See the spike to the .60's on huge volume with no news. Nice consolidation occured immediately after the spike. Healthy and strong, we're going higher, a lot higher.
do you think this will run to a dollar? I'm surprised we not there already. any thoughts??
Market Makers shook out some weaklings today and put some stock in stronger hands. LOL
oh well. I had a feeling we would have an end of day sell-off. I wonder if this was a one day wonder??? any thoughts???
AAPL (apple) is set to introduce I-phone to China. Packet Video is some of the BEST technology in the world and is part of every I-phone world-wide. China, I-phone and NextWave, a sure fire bet for a violent explosion.
new HOD .5877 weeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
is there some news coming out or are people realizing the pps should be higher than it has been?????
HOD .55 so far not bad... for a Friday
here we go .50+ nice!
ready for a bounce?
i agree with you viperr eom
I think this wants to test the previous low of .33 before it makes its new run. any thoughts??
that has been the key previously.. and should be the case in que .
yes, however i wonder if their only option is going to be a reverse split to raise the pps above a dollar. I have yet to see a reverse split work in the favor of the company. WAVE needs a major investor to come in a buy shares forcing the pps to rise. jmo
LISTING RULE 5815(a) 26-Feb-10 11:57 pm
In accordance with Listing Rule 5815(a), a company has seven calendar days from the date of the delisting determination letter to request a hearing. If the company does not request a hearing by the seventh day, then NASDAQ will suspend trading the company's securities two business days thereafter.
Nextwave is still listed and it has been more than 9 business days in which we are now greater than 9, as sated in the current listing rule above. This logically explains why NEXTWAVE is still listed and will be listed for several months until an outcome is reached from the hearing. This whole process is from receipt of the letter to the hearings outcome and can take up to 60 to 70 business days for official determination. Thats a long time from the date of the initial letter.
all the information is here ....
http://www.nasdaq.com/about/FAQsHearings.stm
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NextWave Wireless Inc. is a holding company whose subsidiaries develop and market mobile multimedia and wireless broadband products.
Through Nextwave PacketVideo subsidiary, Nextwave provide many of the largest network operators and mobile device manufacturers in the world with products and technologies that enable next-generation mobile-media services.
Nextwave also own an extensive portfolio of licensed spectrum in the U.S., Canada, Europe, and South America.
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