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great post - thank you Snoopvillez
Karen Singer – The New Jersey Housewife
of an SEC-Barred, Convicted Fraudster, the Most Recent 13G Filer on Primus Telecom, and One of the Most Successful Telecommunications Investors Ever?
(http://stocksthatpay.com/?p=9265 ~ funny I don’t even see mention of EVOL or ARBX?)
Researched and written by: Wally the Tiger
Primus Telecommunications Group Inc. (Ticker: PMUG.OB) provides integrated telecommunications services primarily in the United States, Australia, Canada, Brazil, the United Kingdom, and western Europe. Primus’ stock trades on the over-the-counter bulletin board, as the company emerged from bankruptcy on July 1, 2009 and has not yet relisted on a major exchange. The company has substantial size, with LTM revenue and EBITDA of $826 million and $86 million, respectively. Importantly, Primus’ management estimates that the company will generate $23-28 million of annual free cash flow, or $2.38-2.89/share of FCF, representing a 34-41% FCF yield at its current $7.00 share price. On a multiple basis, it also trades very inexpensively, at 3.1x EV/EBITDA and 0.3x EV/Revenue (as of June 15, 2010). Potential catalysts may include: (i) listing on major exchange; (ii) continued use of FCF to retire debt; and (iii) potential sale of entire company. The company’s exposure to Canada and Australia are large positives given their relative stability. Per the proxy, as of May 1, 2010, Primus’ top eight shareholders collectively owned 45.3% of the company’s stock.
Yesterday (June 15, 2010), a new 13G was filed by Karen Singer reporting ownership of 931,295 shares of PMUG.OB, which are presently worth $6.5 million. This caught my eye for two reasons: (1) Mrs. Singer is a new filer, and her shares represent 9.6% of all shares outstanding, making her Primus’ largest shareholder; and (2) this was not an institution, but an individual listing her address as a home in suburban New Jersey (212 Vaccaro Drive, Cresskill, NJ 07626 or check out the street view here), who has sole dispositive and voting power with respect to 931,295 shares of the reported securities as the trustee of Singer Children’s Management Trust.
As an interested deep value investor and PMUG shareholder myself, I decided to do a little homework on Karen Singer, to find out who she is, why she loves this bulletin board stock so much and where she got the funds to be a major buyer.
The first thing I found was that Karen Singer apparently shares her home in Cresskill, NJ with a certain Gary A. Singer (also see here). Googling Gary Singer + Cresskill turned up a very interesting article in the New York Times from November 11, 1992. It turns out that Gary A. Singer of Cresskill, then 37 years old and Chairman of The Cooper Companies (an eye-care product company), was charged with 24 counts of racketeering, conspiracy, money laundering and fraud relating to “an extensive criminal scheme to profit from insider tips on junk bond trades.” The Cooper Companies was also charged with 10 counts of conspiracy and fraud. Further, the SEC “accused Gary Singer individually of fraudulently shifting the company’s junk bond trading profits into family accounts” and also implicated his brother, Steven G. Singer (Cooper’s then COO) of participating in the scheme. Today, Gary would be ~55 years old, the same age listed for Karen by pipl.com here. The fact that the children’s trust was set up “for the benefit of the children of Karen Singer and Gary Singer” also clarifies that the relationship between Karen and Gary Singer was or is marital. This is also confirmed by a filing discussed later.
Mr. Singer was convicted of 21 felony counts in the fraudulent high yield bond schemes described in the NY Times article and sentenced to 28 months in prison. On March 10, 1997 the SEC released information stating that Mr. Singer had been barred from acting as an officer or director of a public company. Interestingly, this release also cites Karen Sue Singer as a “Relief Defendant.” Very notably, the release states that the SEC “previously obtained disgorgement and pre-judgment interest arising from Singer’s violations in the amount of $4,182,994” and “no civil penalty was imposed against Singer based on his demonstrated ability to pay.” So, apparently Singer was broke in 1997 after paying the SEC.
Additional Google searching turned up an incredible blog posting in Businessweek in 2005 that also describes Gary Singer and his brother Steven Singer’s alleged bad acting in the case of Motient Corp., a wireless communications company chaired at the time by Steven Singer and which, according to the blog post, had a 40% stake in Mobile Satellite Ventures, a Reston, VA based provider of mobile satellite communications that owned “valuable spectrum licenses.” Read the Businessweek account. Perhaps this is the origin of the Singers’ interest and expertise in telecom companies?
Back to Karen Singer. I wanted to find out if PMUG is the first stock on which she has filed a Schedule 13G or 13D. The answer is a resounding NO. Mrs. Singer is a grizzled veteran of Schedule 13 filings, and has generated investment returns in small telecom companies that are literally incredible.
On June 18, 2004, Karen Singer filed a 13D with respect to her ownership of 4.9 million shares (or 9.76% of the class) of iBasis, Inc. of Burlington, Mass. iBasis is a wholesale carrier of international long distance telephone calls, with enhanced services for mobile operators, and a provider of retail prepaid calling services. iBasis sold a majority interest to KPN B.V. on October 1, 2007, which resulted in a $113 million dividend (or $3.28/share) paid a week later, on October 8, 2007. Assuming Mrs. Singer still had the same number of shares, she would have cashed north of $16 million pre-tax on this transaction alone. Five years later, in December 2009, iBasis agreed to sell the residual 44% interest not yet owned by KPN to KPN for an additional $93 million (or $3.00/share). If Mrs. Singer retained her shares in iBasis, this would apparently have resulted in nearly $15 million of additional pre-tax proceeds.
On June 24, 2007, RCN Corp. announced that it was to acquire wholesale communications provider Neon Communications (formerly Globix Corporation) for $260 million. A key member of Globix’s Board and former non-Executive Chairman was Gary Singer’s brother, Steven Singer, whom the NY Times reported was implicated in The Cooper Companies fraudulent junk bond scheme. The fact that Steven was Karen’s brother-in-law was disclosed in Item 9 of an April 8, 2005 Schedule 13G filing. In conjunction with the announcement of Neon’s sale to RCN, Karen Singer filed two 13Ds (original and amended) regarding her ownership of 4.5 million common and 699,098 preferred shares of Neon, representing 9.2% of Neon’s common stock outstanding. In Item 2 of the 13Ds, Karen Singer represented that: “(d) The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); (e) The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.” Her 9.2% interest in the $260 million sale price appears to have been worth approximately $24 million.
On February 18, 2009, Karen Singer filed an amended 13D with respect to her ownership of 6.0 million shares (or 13.1% of the class) of LiveWire Mobile, Inc., which trades on the pink sheets (Ticker: LVWR.PK) According to the filing, Mrs. Singer purchased these shares for an aggregate of $5.97 million, or less than $1.00/share on average, including 547,566 shares in January and February 2009 at prices ranging from $0.12 to $0.15. Today, LVWR trades at $3.50/share, representing an apparent 3.5x return on invested capital, or another $15 million profit, for Mrs. Singer. Whether this apparent profit is presently realized or unrealized is not determinable.
In light of these amazing datapoints and apparent investment returns, there are a number of big questions that come to mind:
1. Is Karen Singer presently married to Gary Singer and what role, if any, does Gary, as an SEC-convicted fraudster, racketeer, conspirator and money launderer, play in her investment activities?
2. What role, if any, has Steven Singer, Gary Singer’s brother and Karen Singer’s brother-in-law, played in Karen Singer’s investment activities?
3. If Gary Singer was effectively broke at the time of his settlement with the SEC, where did the Singers get the money to start speculating in these stocks?
4. Is the SEC fully aware of the Singer family’s investment activities, or by filing in Karen Singer’s name alone have the Singers remained under the radar?
5. How did Karen Singer become such an expert in telecommunications stocks, particularly very small companies trading on the pink sheets or bulletin board? What education and professional background trained her for this success?
6. Is there another telecom investor in the world with a track record of speculative investment returns that can match Karen Singer’s?
7. How does Karen Singer pick which companies to buy and how did she identify PMUG as her most recent investment?
8. Is Karen Singer properly disclosing all relevant family history with the SEC in her 13D filings?
Scov’s post # 5555…..give em a high five!
OK, maybe a low five?
Karens been quiet since May...
But she is up to 2,469,694 shares?
http://www.secform4.com/filings/1052054/000120919110030269.htm
Evolving Systems Extends Revenue and Earnings Growth Trends
Thursday , August 05, 2010 16:01ET
ENGLEWOOD, CO -- (Marketwire) -- 08/05/10 -- Evolving Systems, Inc. (NASDAQ: EVOL)
Q2 net income up 31% to $1.4 million -- $0.13 EPS
Most profitable Q2 as public company
First half net income up 26% to $2.6 million -- $0.24 EPS
Most profitable first half since 2003
Q2 revenue up 1% to $9.7 million; first half up 5% to $19.5 million
Q2 new products revenue up 21%; first half up 73%
Balance Sheet continues to improve
Q2 working capital up 34% over Q1 to $6.7 million
Board of Directors declares third quarter dividend of $0.05 per share
Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today reported continued growth in revenue and earnings for its second quarter and six-month period ended June 30, 2010.
"The fact that we are working on our fourth consecutive year of revenue growth and reporting our highest second quarter profitability as a public company in a challenging global economy is a testament to the strength of our product portfolio, our customer relationships and our dedicated global employee base," said Thad Dupper, CEO. "Our strategic focus on new product sales in emerging markets has been very effective. In the second quarter we achieved two new customer wins in emerging markets, one with a major carrier who is implementing our new Dynamic SIM Allocation™ (DSA) and another involving our International NumeriTrack® (iNT) solution. We followed that with an early third quarter DSA win with a cable operator preparing to launch a next generation wireless service. With these recent DSA and iNT wins and a solid sales pipeline, we expect to continue our new product momentum in the second half of 2010."
Second Quarter Results
Net income increased 31% in the second quarter of 2010 to $1.4 million from $1.1 million in the same quarter last year. EPS was $0.14 per basic and $0.13 per diluted share, up from $0.11 per basic and diluted share a year ago. Non-GAAP net income increased 24% to $1.8 million from $1.4 million, or $0.17 per diluted share versus $0.14 per diluted share a year ago. Non-GAAP adjusted EBITDA was $2.5 million, a 4% increase over $2.4 million in the same quarter last year. It was Evolving Systems' most profitable second quarter as a public company.
Operating income increased 5% in the second quarter to $1.9 million from $1.8 million and was the Company's 16th consecutive quarter of positive operating income.
Revenue in the second quarter increased to $9.7 million, up 1% from $9.6 million a year ago. License fees and services revenue increased 6% to $5.7 million from $5.4 million, more than offsetting a 4% decline in customer support revenue. Revenue mix by product family included $5.5 million in Activation, $3.7 million in Numbering Solutions and $0.5 million in Mediation. New products represented 25% of total revenue in the second quarter while emerging markets revenue increased to $3.6 million in the second quarter from $3.5 million in the same quarter last year.
Total costs of revenue and operating expenses in the second quarter remained essentially flat at $7.9 million. Product development expense increased 63% to $1.1 million from $0.7 million but was offset by declines in most other expense categories.
Six month results
Net income for the first six months of 2010 increased 26% to $2.6 million from $2.1 million in the same period a year ago. The Company reported EPS of $0.26 per basic and $0.24 per diluted share through six months versus $0.21 per basic and diluted share in the first six months of 2009. Non-GAAP net income increased 22% to $3.3 million from $2.7 million, or $0.31 per diluted share versus $0.27 per diluted share a year ago. Non-GAAP adjusted EBITDA was up 6% to $4.5 million from $4.3 million last year.
Operating income for the first six months increased 6% to $3.4 million from $3.2 million in the same period a year ago. As a percentage of revenue, operating income improved to 17.4% in 2010 from 17.2% in 2009.
Six-month revenue increased 5% to $19.5 million from $18.5 million in the same period last year. It was the Company's best first half revenue total since 2005. License fees and services revenue grew by 12% in the first half -- to $11.3 million from $10.1 million -- representing the Company's strongest first half in that category since 2001 and more than offsetting a 2% decline in customer support revenue. First half revenue mix included $11.3 million in Activation, $7.2 million in Numbering Solutions and $1.0 million in Mediation. New products represented 28% of first half revenue, up from 17% in the same period last year. Emerging markets customers contributed $7.7 million to revenue in the first six months as compared with $5.9 million in the first half of 2009.
Total costs of revenue and operating expenses in the first six months increased 5% to $16.1 million from $15.3 million in the same period last year. Product development costs increased 69%, or $0.9 million, year over year as the Company added features to, and enhanced the functionality of, its Dynamic SIM Allocation™ (DSA) solution.
Bookings and Backlog Highlights
In addition to winning follow-on business with existing customers in the second quarter, the Company signed contracts with two new customers in Central and Latin America (CALA), resulting in a record high bookings quarter for CALA. New customers include a major Brazilian operator who selected Evolving Systems' DSA solution and a leading Mexican carrier who is implementing the Company's active number resource management solution.
On a sequential quarter basis, license fees and services bookings increased 25% in the second quarter to $5.0 million from $4.0 million in the first quarter, led by a 132% sequential improvement in DSA orders. Compared to the second quarter of 2009 license and services bookings declined 17% due to lower sales from both DSA and service activation. Total bookings were $7.1 million inclusive of $2.1 million from customer support. By product category, second quarter bookings included $4.8 million in Activation, $1.5 million in Numbering Solutions and $0.8 million in Mediation.
For the six-month period total bookings were $15.0 million versus $16.7 million a year ago, which again was due to lower license fee and services sales for the comparative periods. Total bookings included $9.0 million in license fees and services and $6.0 million in customer support. By product category for the first six months, bookings included $8.4 million in Activation, $5.3 million in Numbering Solutions, and $1.3 million in Mediation. The Company defines bookings as new, non-cancelable orders expected to be recognized as revenue during the following 12 months.
Backlog at June 30, 2010, was $15.8 million, down from $19.3 million at the same time last year. Backlog was comprised of $6.0 million in license fees and services and $9.8 million in customer support.
Balance Sheet Highlights
With no long-term debt, the Company continued to strengthen its balance sheet in the second quarter. Working capital increased 34% to $6.7 million at June 30, 2010, from $5.0 million in the first quarter. Cash and cash equivalents totaled $9.2 million at mid-year, up 71% from $5.4 million at 2009 year-end. The Company generated $5.4 million in cash from operations through the first six months, a 237% increase over $1.6 million in the first half of 2009.
Quarterly Dividend
The Company also announced that its Board of Directors declared a third quarter cash dividend of $0.05 per share, payable October 15, 2010, to stockholders of record September 10, 2010.
Any determination to declare a future quarterly dividend, as well as the amount of any cash dividend which may be declared, will be based on the Company's financial position, earnings, earnings outlook, capital expenditure plans and other relevant factors at that time.
Conference Call
The Company will conduct a conference call and webcast today at 2:30 p.m. Mountain Time. The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID is 89943574. A telephone replay will be available through August 12, 2010, and can be accessed by calling 1-800-642-1687 or 1-706-645-9291, passcode 89943574. To access a live webcast of the call, please visit Evolving Systems' website at www.evolving.com. A replay of the Webcast will be accessible at that website through August 12, 2010.
Non-GAAP Financial Measures
Evolving Systems reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP). In addition, the Company is providing in this news release non-GAAP financial information in the form of net income, diluted net income per share and adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, impairment, stock compensation and gain/loss on foreign exchange transactions.) Management believes these non-GAAP financial measures are useful to investors and lenders in evaluating the overall financial health of the Company in that they allow for greater transparency of additional financial data routinely used by management to evaluate performance. Investors and financial analysts who follow the Company use non-GAAP net income and non-GAAP diluted income per share to compare the Company against other companies. Adjusted EBITDA relates to a covenant contained in the Company's loan agreements and therefore can be useful for lenders as an indicator of earnings available to service debt. Non-GAAP financial measures should not be considered in isolation from or as an alternative to the financial information prepared in accordance with GAAP.
About Evolving Systems
Evolving Systems, Inc. is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, statements about the Company's growth and future profitability, future business, revenue and expense projections, the Company's continued ability to post quarterly or six-month results that are similar to those described in this press release and the impact of new products and accounts on the Company's business are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements. Actual results could vary materially from these expectations. For a more extensive discussion of Evolving Systems' business, and important factors that could cause actual results to differ materially from those contained in the forward-looking statements, please refer to the Company's Form 10-K filed with the SEC on March 8, 2010, as well as subsequently filed Forms 10-Q, 8-K and press releases.
Consolidated Statements of Operations at:
http://www.knobias.com/story.htm?eid=3.1.08f193e5ecf42773819753eaec3369cdea31e304e9d9f3b9453ed9d81f319bbe
EVOL: Q2 EPS 13c vs 15c Misses 14c Est
Thursday , August 05, 2010 16:55ET
QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q2 results ended June 2010. Q2 Revenues were $9.75M; +1.24% vs yr-ago; MISSING revenue consensus by -2.41%. Q2 EPS was 13c; -13.33% vs yr-ago; MISSING earnings consensus by -7.14%.
Q2 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $9.75M $9.63M +1.24% $9.99M -2.41%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 13c 15c -13.33% 14c -7.14%
---------- ------------ ------------ ---------- ------------ ----------
CONSENSUS ESTIMATES:
EVOL: To Release Q2 Results Aug 05 [AMC]
Wednesday, August 04, 2010 13:00ET
Evolving Systems Inc (Nasdaq SC: EVOL) is scheduled to release its Q2 financial results on August 05, 2010, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q2 Revenue: $9.99 million
Q2 EPS: $0.14 per share
PREVIOUS PERIOD:
Prev Q2 Revenue: $9.63 million
Prev Q2 EPS: $0.15 per share
ADDITIONAL INFORMATION
Original Confirmation
The Company will also hold a related conference call to discuss these results.
2Q earnings 8-05-10 AMC
Evolving Systems Sets Date for 2010 2nd Quarter Release and Conference Call
Wednesday, July 28, 2010 09:15ET
ENGLEWOOD, CO -- (Marketwire) -- 07/28/10 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced it will release its 2010 second quarter financial results after the market closes on August 5, 2010, and conduct a conference call the same day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time).
The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID number is 89943574.
A telephone replay will be available through August 12, 2010, and can be accessed by calling 1-800-642-1687 or 1-706-645-9291, conference ID number 89943574.
To access a live Webcast of the call, please click the webcast icon at the top of the home page of Evolving Systems' website at www.evolving.com. A replay of the Webcast will be accessible at that website through August 12, 2010.
About Evolving Systems
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com
Operator Selects Evolving Systems' Dynamic SIM Allocation(TM) Solution for New Wireless Offering
Tuesday , July 27, 2010 08:00ET
ENGLEWOOD, CO -- (Marketwire) -- 07/27/10 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced that a cable operator has selected the Company's Dynamic SIM Allocation™ (DSA) solution in preparation for launching a new next generation wireless service.
The carrier is in the process of building out a wireless network and transforming and enhancing its business and network systems to support wireless broadband services. They selected Evolving Systems' DSA solution after conducting an extensive evaluation process over several months, during which they considered best of breed functionality, future-proofing and vendor experience as key selection criteria.
DSA will enable the operator to offer a distinctive customer experience, allowing customers to personalize aspects of their services using their handset or mobile broadband device. For example, new subscribers will be able to search for and select their phone numbers, and choose their tariff, directly on their handsets upon first use. As well as helping the operator differentiate as they enter a fiercely competitive market, the solution allows them to reduce customer acquisition costs while adopting the best practice in SIM card distribution. In particular, it was very important to the operator that the solution would enable them to react quickly to changing market and competitive conditions with new and improved user experiences.
"We are very pleased to be assisting this non-US operator as they make the strategic decision to enter the wireless market," said Thad Dupper, CEO and Chairman of Evolving Systems. "The key to winning this contract was Evolving Systems' market leading DSA technology and our production experience with DSA. This was particularly important to this operator as they set the stage to enter a new line of business."
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com.
CAUTIONARY STATEMENT
This news release contains "forward-looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Specifically, Evolving Systems' statements about the impact of the software solution described in this press release and the ability of Evolving Systems' solutions to handle future needs of the customer described in this press release, or other customers, are forward-looking statements. Readers should not place undue reliance on these forward-looking statements, and Evolving Systems may not undertake to update these forward-looking statements. Actual results could differ materially because of many factors, such as internal budgeting changes of customers, the impact of competition and the general state of the telecommunications industry. For a more extensive discussion of Evolving Systems' business, please refer to the Company's Form 10-K filed with the U.S. SEC on March 8, 2010, as well as subsequently filed Forms 10-Q, 8-K and press releases and the Company's website at www.evolving.com.
Thanks....and Thanks! :) LOL
o/t…Office? No, don’t desecrate such a beautiful place.
What a magnificent space, your deck is absolutely beautiful! You and family made an excellent choice. RMBS should be paying you every time you mention their name in reference to that deck.
Damn, I wish I were a 7 1/2 week old blue eyed Aussie. That is one lucky dog to get play in that backyard.
Regarding LFVN, I’m afraid to speak negative fearing retribution from all the believers! Wow, what an emotion based environment. I’m thinking Montel Williams starts “speaking in tongue” during the seminars. Might be some swing-trade bollie-bounce profits to be made, as is true with most all stocks, but I can’t find foundation for long term accumulation investment. Chart posted on board indicates once the initial r/s, reverse-merger, etc, exhausted the long term MA indicators run flat.
Leading Mexican Operator Selects Evolving Systems' Active Number Management Solution
Tuesday , June 29, 2010 09:28ET
ENGLEWOOD, CO -- (Marketwire) -- 06/29/10 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that one of the largest wireless operators in Latin America has selected Evolving Systems to provide an active number resource management solution, based on three of the company's products; NumeriTrack®, Tertio Service Verification™ and Tertio Process Management™.
After years of explosive growth, and following the introduction of number portability in Mexico in 2008, the operator's existing legacy number management system had reached its limits. The operator sought to modernize its number management back-office systems with an off-the-shelf, proven solution. Due to the size of the project, and the complexity of number management processes necessary, the new solution needed to be extremely flexible and proven in a tier 1 environment. Following a lengthy and detailed evaluation of solutions from the leading vendors in the industry, the operator selected Evolving Systems' solution as the best fit.
Evolving Systems' NumeriTrack solution, a centralized resource management system, will track the entire number inventory of the operator's subscribers, including the lifecycle of individual subscriptions and the activities associated with maintaining the numbering topology across a wide and complex network. The Tertio Service Verification solution, which discovers and reconciles data inconsistencies among operational support systems and network elements, will enable increased levels of subscriber data accuracy, further enhancing the end user experience. The Tertio Process Management solution, which automates operational processes across multiple internal and third party systems, will coordinate the processing of engineering orders to implement the numbering topology throughout the network.
"We are very pleased to have been selected for this crucial project," said Thad Dupper, chairman and CEO of Evolving Systems. "Evolving Systems continues to win new business as we help carriers significantly improve their number management processes. The explosive growth that wireless carriers have experienced -- especially those carriers in markets where wireless subscription growth is very strong -- has created a challenge with the availability, assignment and efficient management of their number inventory. Our product, NumeriTrack, is designed specifically to enable carriers and regulators to overcome those challenges."
About Evolving Systems®
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com
Thank you. :)
Unless a new one was put in place, which considering the % she now owns - I don't believe there was a new one - ours is long expired.
(Being a premium member of IHUb has advantages - searching words is one of them. ;)
J
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39208496&txt2find=standstill
Oh...so u had two dogs and Lily survived - sorry for my ignorance thinking u had only one dog...
True - there is much pain in Lily´s eyes and Luna was a very beautiful dog.
Regarding Singer: Did you recognize that she has done the same thing with all three of her Babies...
I mean RS on EVOL then LVWR and now also on ARBX + she has not only bought Evol shares lately but also Arbx and that in large units... wondering if she continued buying LVWR shares too, without filing...?!?
Would be nice if you could check the standstill´s sometime and inform me about the expiration dates - i would have done it by myself but could not find the exact dates in the filings...
tia
Wolf-
I know it will help. I had two. I have always owned two as I feel it's important. Luna and Lily were sisters. Lily is the survivor. Luna is on the left and that pic was taken a few days before the tumor on her heart burst. Lily is on the right of my sig with the sad face - self explanatory, a few days after I lost Luna. Their pictures humble me right now.
Good choice on a dog...Ridgebacks are awesome! Seek one out immediately!
Darn Girlfriends! Always keeping the dogs! ;)
Our standstill expired I believe, but I would have to check it.
yes definitely - maybe we should install a spy tool on her mobile...
What about the standstill agreement ? when will this expire (same question for LVWR) would be kind if you can update me on the standstill (s) ....
Regarding the dogs: i´m glad you decide to pick another puppy - because this will make everything easier for you imo. Not that you could ever forget Lily as she seems to be very unique - but for getting life and joy back in your home
Shame on me - i thought Lily was a Mix - now i´ve learned my lesson that there are still dog breeds i don´t know about yet.... nice little pups thats for sure - very "fluffy" . Fingers crossed that you will pick the right one!!
I hope that i will get a dog soon again (my ex girlf. kept hold of our sweet yellow lab - so i don´t have one atm) - if everything fits together it will be a rhodesian ridgeback.
Really? Well we are gonna have to do some snooping on Karen and find that out somehow.
Yes on J ;)
Yes on the puppy - I have a deposit in on a litter from a local breeder. I can't bring one home until July and I thought that gave me some mental time to pull it together.
See lil ones:
http://ironroseaussies.com/lil%20ones.htm
Then the Blog. One set was born on May 19th another on May 29th - so 13 pups are available and I am the 10th deposit...so 10th to pick.
All I want is a female. SO it makes it easy. The 29th pups show tails at one day old. LOL! They have been docked as required by the breed. They need to get some updated pics! :)
Hey J (thats the first letter of your name right?),
I´ve seen that Karen is constantly loading shares of EVOL - still angry about selling my position here in 2009... looking really good...
When it comes to LVWR - i can´t tell you if she is still buying, since she don´t have to report (pinksheets...) - there were a few "morbid" very big block buys (like 40k @ 3.6...) in the past - one could think that it must be her or Miller - but maybe it was "only" a fund or something else... nothin´ is for sure... atm
I´m still positive at LVWR, wondering about the two new customers, which will get announced later that year...
hope you´re doing better right now !? - do you think about aquiring a new puppy to overcome your loss ?
greetz to Scovillez
bye
I got a very small position still ~ Hopefully it can evolve into $10 k !
Hey, Super Dupper is ringing the closing Bell today.
Evolving Systems CEO Thad Dupper Marks Company's 25th Anniversary by Ringing the NASDAQ Stock Market Closing Bell
Monday , June 07, 2010 07:45ET
ENGLEWOOD, CO -- (Marketwire) -- 06/07/10 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced that Chairman and CEO Thad Dupper will visit the NASDAQ MarketSite in New York City's Times Square on Monday, June 7, 2010, and preside over the NASDAQ Stock Market Closing Bell.
The event coincides with Evolving Systems' celebration of its 25th anniversary. A live webcast of the NASDAQ Closing Bell event will take place from 3:50 p.m. to 4:05 p.m. Eastern Time at http://www.nasdaq.com/about/marketsitetowervideo.asx
"We are delighted to preside over the NASDAQ Closing Bell as part of our 25th anniversary celebration," said Dupper. "Over the past 25 years we have evolved from a small start-up to a global company supporting more than 70 network operators in over 40 countries. Along the way, the technologies we've pioneered have helped many of the world's leading carriers enhance their service offerings and reduce their operating costs. In recent months we have reported our strongest year-end and first quarter results as a global company, and our diverse software portfolio, highlighted by our new Dynamic SIM Allocation™ solution, positions us to extend our success well into the future. I want to take this opportunity to thank our many loyal customers, shareholders and staff members around the world who have contributed to our success. We are looking forward to another 25 years with confidence and commitment."
EVOL / LOVE…Is doing soo Well! KUDOS!!
Separately… Lily.
The hurt in her eyes are obvious …Lily is hurting!
I’m thinking that Lily will figure out soon enough, and start to perk up, once she realizes that her prior FOOTPRINTS were in fact all there.
GO LILY, GO LILY, GO Lily GO!!!
And that's why...
You are my best Amigo out in cyberland and have been for years!
Thanks My long, long, 'long term' friend!
(That and you speak that same kind of weird chart language I speak. What are the odds of that? wink wink!)
Thanks Wolf
I really appreciate that. Sometimes life just plays dirty, doesn't it! :(
I love that board. I happen to think the Mod is the best pet photographer I have ever seen. :) Hopefully you are keeping up with his little guys. Very sweet little pups.
How is LVWR? Is little miss Karen still scooping up shares? She has acumulated a huge amount of EVOL shares. What is that girl up to?
Eastunder, i just want to express my sincere condolences...
Since i am a big dog enthusiast i am feeling with you, i know what you been through. pretty sad...
i want to reply on the petz board but i don´t have a premium membership - so i have to do this "off topic" post here to express my deepest sympathy with you.
I understand.
I simply could not, not respond at all after reading your post last night.
Hugs back at You!
Scov,
Okay - that caught me off guard. Just when I thought I could maintain my composure you crack me. ;) Thank you, My dear friend, for keeping an eye on me.
I didn't think anyone would catch that other then on the Pet board where I knew people would understand the loss.
Completely off topic but I don't give a rats ass. Ass is off topic too. :)
Thanks. I'll probably snag that into my private files and keep it, then delete it here.
But Hugs....and thanks.
J
She owns that much now? Good God! She's a whale! I love that woman!
Karen Singer 2,340,242 shares =23.4% of share class.
05/21/2010 (15:11 ET) EVOL: Filed New Form SC 13D/A, Beneficial Ownership Disclosure - Edgar … http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6973108
Happy Birthday…Jennifer
[Suppressed Sound Link]
EVOL: Filed New Form 10-Q, Quarterly Report -
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6937633
EVOL: Q1 Adj EPS 14c vs 13c Misses 17c Est
Thursday , May 06, 2010 16:37ET
QUARTER RESULTS
Evolving Systems Inc (EVOL) reported Q1 results ended March 2010. Q1 Revenues were $9.71M; +9.84% vs yr-ago; MISSING revenue consensus by -3.48%. Q1 EPS was 11c. Adjusted Q1 EPS was 14c; +7.69% vs yr-ago; MISSING earnings consensus by -17.65%.
Q1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $9.71M $8.84M +9.84% $10.06M -3.48%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 11c N/A N/A N/A N/A
Adj EPS: 14c 13c +7.69% 17c -17.65%
---------- ------------ ------------ ---------- ------------ ----------
CONSENSUS ESTIMATES:
EVOL: To Release Q1 Results May 06 [AMC]
Wednesday, May 05, 2010 13:00ET
Evolving Systems Inc (Nasdaq SC: EVOL) is scheduled to release its Q1 financial results on May 06, 2010, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q1 Revenue: $10.06 million
Q1 EPS: $0.17 per share
PREVIOUS PERIOD:
Prev Q1 Revenue: $10.02 million
Prev Q1 EPS: $0.22 per share
Hey hey!
Earnings coming. Just wanted to point that out.
I'm always interested to see how those pan out.
J
Evol 1Q earnings 5-6-10 AMC
Evolving Systems Sets Date for 2010 1st Quarter Release and Conference Call
Thursday , April 29, 2010 10:30ET
ENGLEWOOD, CO -- (Marketwire) -- 04/29/10 -- Evolving Systems, Inc. (NASDAQ: EVOL), a leading provider of software solutions and services to the wireless, wireline and cable markets, today announced it will release its 2010 first quarter financial results after the market closes on May 6, 2010, and conduct a conference call the same day at 3:30 p.m. Mountain Time (5:30 p.m. Eastern Time).
The call-in numbers for the conference call are 1-877-303-6316 for domestic toll free and 650-521-5176 for international callers. The conference ID number is 72084230.
A telephone replay will be available through May 13, 2010, and can be accessed by calling 1-800-642-1687 or 1-706-645-9291, conference ID number 72084230.
To access a live Webcast of the call, please click the webcast icon at the top of the home page of Evolving Systems' website at www.evolving.com. A replay of the Webcast will be accessible at that website through May 13, 2010.
About Evolving Systems
Evolving Systems, Inc. (NASDAQ: EVOL) is a provider of software and services to more than 70 network operators in over 40 countries worldwide. Its portfolio includes market-leading products for Service Activation, Service Verification, Dynamic SIM Allocation, Number Portability, Number Inventory and Mediation solutions. Founded in 1985, the Company has headquarters in Englewood, Colorado, with offices in the United Kingdom, Germany, India and Malaysia. Further information is available on the web at www.evolving.com
I hadn't seen that one. Thanks.... I think?
Well - Let's see...who found me Goldmood to begin with? Was that you, Mr Pepperheatfactor? ;)
What the hell is that? 11001001?
Binary code?
Do they even use that anymore?
What is that? LOL
Oops, disregard my last post.
You’ve been there done that, and MORE!
Didn’t see your PM until after.
That’s the smart thing to do :o)
As it turns out it simply took me to YouTube where his videos are available to click to play. Here is direct access to it should you wish to watch….
Scov,
I was afraid to click on it. I thought I would search for it myself on youtube but I couldn't find it offhand.
If you don't crash in a few days, lol, maybe I will brave it. ;)
J
I’ve heard the stock market makes one nuts.
Lucky for me I was already nuts well before trying to play the market…lol.
I watched the video and read his YouTube profile. All very strange!
So strange. Great site but gotta remove it from the ibox. Too weird for me....until it gets back to normal. Here he creates a great site for fundamentals and then cracks? Pressure?
WFT David H. Funte…Goldmood.com???
That is too insane!
I’m going to have to watch his YouTube vids.
Thanks for letting me know, J, I think? LOL!
Seeing Karen in action is always mind boggling, isn't it?
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