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The paragraph re the agreement entered into with GRQ is taken from the latest 10Q filed by TKO....most of which we never discussed on this board...yet...
http://64.233.167.104/search?q=cache:Ng524LPnCUkJ:www.istockdaily.com/2007_tko_%2520Second_Quarter.p...
GRQ Consultants
http://www.grqc.co.uk/whoarewe.html
After you get to this page--you can still go to the other pages in thier website...even though it seems the other headings are greyed out---the links DO work--click on clients--see what they do...click on 'what we do'...heck! click on all of them...and see what TKO money and shares are buying these days...my first thought was 'transitional' guidance...but what do I know?
Here is the link...provided by none other than OUCH, when I was gone---thank you so much for posting it--I am reposting it from msg # 8360....
""""As requested, here is a (link) for the 'Ceocast' news article.. Near middle of page...""""
http://www.ceocast.com/(epehdz55byq3fpmco4k4jg45)/NewsLetters.aspx?id=409
SPECIAL SITUATIONS:
Telkonet Inc. (AMEX: TKO) $1.80
Many times it will take a company with disruptive technology longer and more money than investors anticipate. Sometimes so long, that they end up in Wall Street's discard pile, forgotten by the investment community. Sometimes these companies turn out to be bargains, as it often takes investors who have given up on their potential time to realize that the business has turned around. Such could be the case with Telkonet Inc., a developer of powerline communications (PLC) technology that enables broadband Internet access using a building's internal electrical wiring. After a string of disappointments, the company reported its strongest quarter in memory, as revenue for the second quarter ended June 30, 2007 more than tripled to $3.7 million compared to $1.2 million in the 2006 second quarter. Gross profit also rose by a similar amount.
The company provides several technologies targeted at the hospitality industry, but the one that caused the surge in second quarter revenue was the SmartEnergy product, which allows customers, such as large hotels, the ability to maximize their energy uses by using intelligent programmable thermostats to adjust and maintain a room's temperature. As a result, wasted energy from heating and cooling unoccupied rooms can be avoided as the SmartSytem Setback constantly varies each room's temperature, guaranteeing that desired temperature will be achieved for any guest within minutes upon return to their room. Lights, using sensors, are turned off when the room is not in use. Energy consumption is reduced by up to 30% with this system which is a huge value-added in today's volatile, high-priced energy market. Babson College recently selected SmartEnergy to manage the in-room energy consumption in one of its dormitories by eliminating wasted energy from heating and cooling unoccupied rooms.
Telkonet custom-designs and develops all of its products and services, an attractive feature that enables the company to offer unique solutions to customers based on their specific needs. TKO's robust technology focuses on delivering high-speed transmission of secure voice, video and data communications over electrical wiring that is found in-premise for any building. This is done through the company's trademarked Telkonet iWire System that taps into a building's existing internal electrical wiring to establish Internet connectivity throughout an entire building. Telkonet iWire System offers a cost-efficient, reliable solution for properties not wired with CAT-5 or for those properties where such wiring is too expensive to install. There are thousands of hotels and properties that can't afford the expense of installing expensive wiring throughout the property. Through TKO's technology, they can offer state-of-the-art communications without a large capital outlay.
The targeted market for Telkonet's products and services is vast and consists of the hospitality, multi-dwelling unit, multi-tenant unit, residential and small business markets. Well known customers including Choice Hotels International, Destination Hotels, Marcus Hotels & Resorts, Sandman Hotels, Inns & Suites, the U.S. Department of Defense, Trump apartment and condominium properties, all have deployed the company's leading-edge technology.
The acquisitions of EthoStream and Smart Systems International allowed the company to expand its product portfolio to further diversify itself from competitors who rely on outsourcing for product development. TKO recognized the importance of EthoStream's comprehensive management platform that is backed by a dedicated in-house customer and technical support team that has a customer base of over 1900 hotel and time-share properties. As a result, the company can offer a complete line of product offerings including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder equipment to a large audience. Property owners using Telkonet's technology can remotely monitor and manage their high-speed Internet access system in real time to determine that their guests are receiving high quality, reliable service. The number of users on the Internet can be viewed in addition to monitoring the amount of bandwidth being consumed. Support calls can also be tracked by management to ensure employees are providing a quality customer experience, which is crucial to the viability for any company in the hospitality industry.
Other unique qualities found in the TKO system include E-Secure, an efficient, manageable digital video security solution that provides a new level of service for property security. Such a system has the capability to display and record from 1 to 16 cameras simultaneously, providing managers with rapid and easy access to their videos and recordings. With Internet use on the rise in today's high technological world, alternative wiring options that are high quality and cost-effective are a must in the residential market as well as the commercial segment. Recently Telkonet signed a deal with 1-800-905-GEEK to penetrate the small business and residential market to bring together their family of broadband networking and energy management products to such customers.
As a result of the company taking longer than anticipated to ramp revenue, the stock has been a disappointment, creating the opportunity for risk-oriented investors. Shares that fetched more than $5 in late October, currently trade for just $1.80, giving the company a valuation of just $120 million. Recently, it implemented a program to perform nearly all of its installations in-house, virtually eliminating the need for outside contractors, which should result in higher margins and meaningful cost savings. The company said last week that it expected profitability by year-end. It also said that its energy management business should grow over the coming quarters as both electric utilities and building owners seek additional ways to conserve energy. Finally, its federal government-related programs are now well underway and are accelerating and its hospitality business is winning important contracts. Since the company appears to be heading down the right path, long-overdue rewards could be heading for shareholders.
And here is the paragraph in small print at the end of the CEOcast.....and the very last entecne which refers to TKO:
""Telkonet, ten thousand dollars per month and one hundred thousand shares of stock for a one-year program.""
A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO ITS OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. This publication accepts compensation from companies that it features. This newsletter should not be regarded as an independent publication. Our editors may, from time to time, acquire positions in the companies that they cover. This could represent a conflict of interest. The CEOcast newsletter shall be under no obligation to inform readers about its trading activities. CEOcast's editors reserve the right to buy or sell shares in these companies at any time. The following companies, featured in this newsletter, have compensated CEOcast: Auriga Laboratories, seven thousand five hundred dollars per month and ninety thousand shares of stock for a one-year program,Access Pharmaceuticals, seven thousand five hundred dollars per month and eight thousand seven hundred twenty shares of stock for a six-month program,BigString Corporation, seven thousand five hundred dollars per month and one hundred forty thousand shares of stock for a six-month program, CytRx, fifteen thousand dollars per month for a six-month program, Enzo Biochem, seventeen thousand five hundred dollars per month, GreenShift Corporation, seven thousand five hundred dollars per month and eight hundred thousand shares of stock for a one-year program; CEOcast received five hundred thousand shares from previous agreement, Home Solutions of America, editors of CEOcast have purchased approximately one million nine hundred thousand shares, Hythiam, ten thousand dollars per month and sixteen thousand five hundred shares of stock for a one-year program; CEOcast received sixty-six thousand shares from previous agreements; editors of CEOcast have also purchased approximately one million four hundred twenty-five thousand shares of the company's stock, Intellect Neurosciences, ten thousand dollars per month and sixty thousand shares for a one year program, JMAR Technologies, seven thousand five hundred dollars per month and two hundred forty thousand shares of stock for a six-month agreement, Pressure Biosciences, twelve thousand five hundred dollars per month, Prolink, seven thousand five hundred dollars per month and one hundred eighty five thousand shares of stock for a one year program, Tarrant Apparel, seven thousand five hundred dollars per month and sixty thousand shares of stock for a one-year agreement, Access Pharmaceuticals, seven thousand five hundred dollars per month and eight thousand seven hundred twenty shares of stock for a six-month program,USA Technologies, ten thousand dollars per month, VoIP, Inc. ten thousand dollars per month and three hundred fifty thousand shares of stock for a one-year program, VioQuest, thirteen thousand five hundred dollars per month, Digital Angel Corporation, twelve thousand five hundred dollars per month, Telkonet, ten thousand dollars per month and one hundred thousand shares of stock for a one-year program.
Also, kinda funny that RP's old company, Digital Angel, is in this one, too! isn't it?
Below are the posts I referred to--and the authors.
---Telkonet & CEOcast (Michael Wachs)--- 1-Sep-07 08:41 am I saw this in the DISCLOSURE section at the CEOcast website:
"Telkonet, ten thousand dollars per month and one hundred thousand shares of stock for a one-year program."
moon_agate
Can someone please justify this decision??? (1 Rating) 1-Sep-07 10:54 am On August 1, 2007, the Company entered into an agreement with Barry Honig, President of GRQ Consultants, Inc. (“GRQ”). Telkonet has agreed to pay Mr. Honig 50,000 shares of common stock per month for six (6) months, to provide the Company with transaction advisory services. GRQ holds a Senior Promissory Note issued by Telkonet in the principal amount of $1,500,000. The Note was issued on July 24, 2007
printingpress777
Re: Can someone please justify this decision??? 1-Sep-07 10:56 am Thats $75,000 dollars per month. What do shareholders get for $75,000 dollars per month.
printingpress777
Gip...you might be interested in this discussion below about the cutting of interest rates in the next year....heck all of us should be!
I am reading on the yeah-boo board that TKO is paying out $75K per month for 'consultation fees'? as well as CEO webcast fees? plus shares? will copy over here in a minute...do need to confirm if I can find that in writing somewhere.
ANYHOW, here is the discussion on the interest rates:
Jim Grant predicts several rate cuts in07
Market Monitor"-James Grant, Editor of "Grant's Interest Rate Observer"Friday, August 31, 2007
PAUL KANGAS: My guest "market monitor" this week is James Grant, editor of the popular publication, "Grant's Interest Rate Observer." Welcome back to NIGHTLY BUSINESS REPORT, Jim.
JAMES GRANT, EDITOR, "GRANT'S INTEREST RATE OBSERVER": Thank you, Paul.
KANGAS: What kind of marks do you give Federal Reserve chief Bernanke on his speak today?
GRANT: I give him an "A." I thought he was terrific. He said that the Federal government would think long and hard before resuming its sadly accustomed role as first responder to the scene of a financial accident. That is, the Fed was not reflexively going to cut its funds rate just because somebody on Wall Street demanded it. As you know, in the old days, under Chairman Greenspan, the Fed was all too typically prone to cut its rate because of some financial crack-up. And knowledge that it would do that of course egged on people to take greater and greater risks with more and more debt. So I think Mr. Bernanke did a great service to the Fed and mostly to the country.
KANGAS: On a scale of one to 10 with 10 the best, what is your grade on his overall performance so far, other than the speech?
GRANT: He is OK.
KANGAS: You know this wouldn't last.
GRANT: He is in the price fixing business and he has not objected to that, as I hoped a keen intellectual would object to it. What he is doing is fixing an interest rate as if the Federal government had special knowledge to invent (ph) most effectively. The world over, markets are active and the discovery of prices and of course the sun never sets on open outcry markets. And yet the Fed persists in this business of setting its funds rate as if it knew. Well it doesn't know. I fully expect that the funds rate is going to be coming down because I think these debt troubles are much worse than the Fed is acknowledging.
KANGAS: It'll be cut, the Fed funds will be cut on the September 18th meeting?
GRANT: I believe it will. I believe it is going the way after (ph) that for what it's worth.
KANGAS: Really, several cuts before the year is over is what you're saying?
GRANT: I think so, yes.
KANGAS: Is that because the economy is in that bad a shape?
GRANT: I think the economy is weakening -- the growth in the economy is weakening. I think these debt troubles are not really a disturbance of Wall Street. They have to do with lending and borrowing in all departments, the credit (ph) markets and indeed, all over the world. This country's economy moves on debt just as the proverbial army does on its stomach.
KANGAS: Right.
GRANT: And it needs a lot of cheap debt to keep growing in its accustomed rate and its accustomed way and it is not going to get that debt at that price.
KANGAS: What investment strategy do you favor in the current volatile investment environment?
GRANT: Buying dollar bills at $0.50.
KANGAS: It would be nice.
GRANT: That works in most environments. Seriously, that is the very heart and soul of the so-called value approach, (INAUDIBLE) is to look for securities that trade at less than they're readily ascertainable net asset value and the search is more difficult the stronger the stock market, but there's always something to do.
KANGAS: During your last visit with us in late July of 2006, far too long ago, but you did have three buy recommendations. Let's see how they've done since then. We've seen the very conservative, the ishares, the Treasury ETF (SHY) actually up 1.7 percent. All the time you were collecting about 4.7 percent interest, then Sadia (SDA), the Brazilian chicken producer, up 70.6 percent. That is fantastic and then another chicken producer, Gold Kist (GKIS) was taken over by Pilgrim's Pride with a 51 percent gain. Those are not chicken gains, I'll tell you. They laid the golden egg. Those were wonderful.
GRANT: I thank my colleague, Ian McCulley (ph) at Grants, who was responsible for the two chicken longs. There were three chicken longs (INAUDIBLE).
KANGAS: Right. We just have a minute left, Jim, but do have any new recommendations?
GRANT: I do. I would like to suggest people take a look at three open-end mutual funds. These are not traded on the New York Stock Exchange, rather are accessible through a broker like Schwab. The first is a Wintergreen fund (Forum Wintergreen, (WGRNX) which is a global value fund run by a very fine value investor.
KANGAS: It's had a good run up.
GRANT: Yeah, it has, but I think that it will keep doing well. By the way, as full disclosure, I own a bit of that and a bit of the two others to come. The second name Paul is the Tocqueville Gold Fund (TGLDX) and this is an investment in the near certainty that money trading will continue fast and furious the world over. And the third is another esteemed value investor named Martin Whitman (ph) and Marty has a fund called Third Avenue value fund (TAVFX) which he has been running for years and years. And he, too, buys dollar bills for $0.50.
KANGAS: We can see all those symbols up in the right-hand corner (TAVFX) in this case in this one and you can just go to your broker with those symbols and find out what the fund is doing. Do you personally own any of these securities, Jim?
GRANT: Yes, I do, all of them.
KANGAS: All right, wonderful. It's always a pleasure to have you with us.
GRANT: Thank you, Paul, nice to be here.
KANGAS: My guest, Jim Grant of Grant's Interest Rate Observer
yup good call huh...Pops(JEFF) PMed re SUF a few weeks back..
Good to hear from you GLL..Hope you get back in soon...
Enjoy your weekend
O/T
You too have a great weekend Ouch and hopefully new beginnings for a Labor Day week rally for you guys next week, still not invested in TKO so won`t comment.
I was surprised that someone else on this board was also in SUF, been having a nice run this last few weeks, almost a double as of today from a few weeks back!!
Be good!!
GLL
OT--Maryland (MD) is officially the wealthies state in the US..
Have a safe holiday weekend to all TKOers out there!!!
Been getting a jump on the weekend and haven't seen the market closings.. Can anybody tell me if Telkonet has reached the $1.20 mark yet?? TIA.. LOL
All have a 'Super Great' Holiday weekend and we'll come back and see what, as someone says, 'Shoesday' will bring..
Holy katzenjammers, September is knocking on the door already!!!
Ok EMarsh. I'll put him on ignore. Just wanted to see if anything positive could come of it but no, no response at all.
Good investing!
http://app.quotemedia.com/quotetools/showFiling.go?name=TELKONET%20INC:%203,%20Sub-Doc%201&link=...
funny--but if both form 2's posted on same post--one will not open! and if I re-do the one that ioes not open...the OTHER one does not open...had to put each one on its' own spot...waste of energy and space...oh well...
SEC filing today--Form 3 for both new COO and EVP
http://app.quotemedia.com/quotetools/showFiling.go?name=TELKONET%20INC:%203,%20Sub-Doc%201&link=....
Jason
SF Chronicle, 8/31: Earthlink backs out of deal to provide internet city wide Wi-Fi as testing arena. Chicago and Ankorage Alaska recently pulled out of projects. Houston, Arlington VA and Alexandria Va and St. Petersberg Fla. have earthlink projects on hold. Google business plan flawed. If you have any vision, TKO is the perfect solution to these failed projects. The timing is perfect for Telkonet to move into these cities and provide solutions that even Google and Earthlink can not. If this isn't a $20.00 stock by this time next year, I am an MLK supporter - which isn't even a remote possibility!!!!
Before I forget or work too hard...hahaha..the vote for the private board was a majority vote to stay right here. EVERYone has at least 3 opportunties to ignore those folks they do not wish to interact with. I suggest you all take advantage of that good 'ol ignore button.
Stats: the posters on the board right after I asked the question---you can count for yourselves--but they all said staying here was fine. Those that sent me PM's or emails voted thusly: 3 highly in favor, 3 OK, if you do it, I will go there but don;t really think we need to.
All votes minus 3 (excluded is my vote--I merely asked the question), comes to a majority to stay right here, public board.
Can we get through a few days without answering him. Wouldn't it be interesting to see everyone put him on ignore. How refreshing that would be.
A Motley Fool discussion on 'company owners'...thought it rather fun to read, was able to 'identify' with some, not able with others...but if you ever wondered what it means that you are one of the 'owners' of TKO---and had the right to get a response from IR...you just gotta read this!
http://boards.fool.com/Message.asp?mid=25836486&sort=whole&source=ihtfoceml756000
Pop quiz MLK. How about answering this investor type question. Do you have any stocks which you own(important) and are long and you feel(very important!) that the company stock price will be going up in the future(soon or in the not to distant future)? I am just trying to see if I or anyone else on this knowledgeable board can possibly help you find some winning stocks. I am sure many from the I-hub would be glad to share their opinions and expertise if...you are willing to listen.
You obviously think you go TKO nailed down, but is that all there is in your investing life? If so, very boring and very risky. If it's just that you like to take pot shots, well man up and say so. I certainly don't want you regretting that you missed a future TKO price increase! I mean overall, the market was down today, but I was up 1.5%. Diversification is the key and hanging on to companies I deem worthy of a long term commitment, like TKO is part of my plan. Hope you find a niche and really make some money.
Bashing gets old and most everyone here pretty much ignores you because it's the same ol story. Broken record kind of stuff. Good luck on your investing strategies and hopefully you'll make good over the long run.
Good investing!
Only 58,000 shares traded hands today...for some reason, I don't think the BIG seller of 100,000 shares at $1.50 was satisfied today...big mountain to climb, so that must mean the fall will be swift and easy.
Hey Walt, remember when you were growing up and you saw that kid that would be in the sandbox playing by themselves, making conversation, answering their own questions, muttering things to themselves. Ya you know what I mean. Sometimes they get stuck on stock boards and have refreshing talks with themselves. Gotta be lonely. Anyway, here's the scoop. At the positive end of things, it's TKO at $2.60 by the end of October-o...I had to rhyme it, but it will shock a lot of folks, you will see. Some said SUF was a sham, but now it's on a tear and going strong, so it's alright for people to be wrong, but someone has to be a ham. Right or Wrong?
Here's to the positives and good investing to all! And no, I don't think Walrus is going anywhere, he's just waiting for my prediction to come true!
Glad to see some are listening to me...buy orders drying up. May hit the $1.30s today...again, I hope I haven't steered anyone wrong, as we may get below $1.20 before my predicted date. Thank goodness there are tons of other quality places to put your money today. Good luck!!
If you still have a stake in the game, I would advise setting your sell order below that $1.50 price and quickly...the sells are setting the market now
Considering that TKO can't muster enough interest for someone to purchase 100,000 shares at $1.45, we are heading lower fast. Bye bye $1.40s, SOON
Is anyone aware of any days where TKO doesn't spend at least a little time in negative territory? Already spent some time down at $1.45 today...nice...$1.20 anyone?
Thanks LA, and may your shares all be green also!
Good investing!
i don't know why anyone responds to that goofball.
I would put MLK on ignore. He's nothing but a pumper. Now's he's predicting that TKO will do $1.00 to $1.19 eps in the next quarter when the company is saying they will break even cash by years end.
BSD,
that makes very good sense and 'cents', as well...
See, Ouch, you gotta read between the lines with MLK. He meant 1.10 to 1.19 higher than today's price. He's a difficult guy until you get the hang of him. He means 2.60-2.79
BSD
MLK,
<$1.00 to $1.19 by Halloween>
I believe you ( inverted ) the $1.19.. Didn't you mean '$1.91', as stated previously???
Gotta have some good news here! I say since predicting seems to be on board today, I am gonna throw in my 2 cents. I'm gonna say $2.51-2.70 by then end of October which is based on my assumption that even business as usual will get the increase an share price. I think the share price is currently undervalued and the next quarterly will give investors confidence to give the "go" sign to TKO. The way I look at it, we gotta have balanced coverage here, so I am representing the enthusiastic, long term investor(in the blue corner) and in the other corner or hole as it were, is the other side.
Let the investing begin!
You have answered your own concerns in your message...they haven't booked squat...if they had, don't you think they would have announced such a huge uptick in revenue?
TKO is heading down big time!!!!
$1.00 to $1.19 by Halloween
As we come to the end of August, the second month of the quarter, I hope that TKO has already booked a substantial amount of revenue. Meeting the projections of approx $8 million for this quarter would likely mean that they would have already done a fair amount of it. Given the lack of press releases, I can only assume that they are continuing on with airport and EDS work, with no PRs because the work has been announced in the past. It would be nice to see some PRs regarding new business or progression of sales.
Already did...can you people read? Below $1.20 by Halloween...easy schmeasy
Do it! Lets see how good you are MLK, stop the maybe's. Give a week and price!
Make the call. You are the omnipotent MLK.
Waco, no one has "fallen" for the MiLKman's advice. Some of us are here to humor him, so he doesn't feel entirely alone. I will reiterate, that if this stock goes to the $1.20's again, I will buy more. It's a great deal at that price. I think that level is where the "value" shoppers pick up the shares at. I know I haven't regretted my buys one bit. I could have sold and made a nice profit, but I am in it for the long term, so if I can buy some more dirt cheap shares, I will! MLK's effect on TKO share price = $0.00 bucks. As I have said before, one who only sees one direction, does not get my attention. When someone comes along and sees both ways, they will get my attention. In the meantime, I keep looking for the bargains on companies with great technology/products/ideas that are underpriced and underfollowed. Some are bound to hit the big times and I want a piece of the pie!
Good investing!
$1.45...not good. Losing five cents a day like this will prove my prediction true by next week...maybe I should move my timeframe up by a month or two.
FYI, the city of Chicago announced yesterday that it has scraped its plans to implement city wide wi-fi stating it would be under utilized and a poor investment. Earthlink has lost customers (myself included) over the last two years primarily due to service problems and high prices. Laying off 900 will virtually kill their business!
I agree with you. MLK is blowing smoke and no one who is seriously on this board to try to derive some useful information should ever listen to him. I can't believe some people have fallen for his BS as its clear he wants the stock down - down - and even further down!!!!! Can't wait for his posts when we go over $2 but like the tree falling in the forest, hopefully no one will be there to listen.
Sell orders now down to $1.47 not being filled...not too encouraging. Getting a lot closer to the $1.30s, and we all know what's after that!!
Sells below $1.50 are now popping up...not good...looks like the trek down below $1.20 may happen before Halloween
On top of that from what I read, ELNK hadn't yet figured out to a way to make money off that deal. I dont have much interest if the pilot didn't have some kind of revenue platform for TKO. I may of read wrong but that was the jist of what I got, I am guessing that is part of the reason ELNK bailed.
I put that up because of the alliance that TKO and ELNK formed 2, maybe 3 years ago, to do 'something' together....At the time it was announced by TKO, I stated more than once, that I thought ELNK was making a bad decision to lay more lines, blah blah, in hopes of competing on the PLC market in NYC---BECAUSE of their shaky financial situation--and too, I felt that whatever it was doing with TKO would PROBABLY not get off the ground....pun intended...hahahahaha
After I read the article, it occurred to me that PERHAPS, the ELNK litmus test MIGHT have been more in line with the MST side of TKO...but I do remember RP, himself, speaking in a CC about ELNK. There has never been a formal statement, like there was with Vonage, that the 'plan' with ELNK was not going to continue going forward...the ELNK 'story' just faded into the ethers...as I perceive and understand. This article, for me, was more a confirmation that the door has been closed, and perhaps now locked, as it is being pointed out that ELNK is not in a very good financial position to focus on the 'what-ifs'. They are in retrenchment BIG TIME, and will need to focus on the 'sure thing', and 'what they know best' to pull themselves out of this mess. Whatever happens, the article made it pretty clear that they would not be able to use their OWN money. IF TKO were continuing a project with them, TKO would have to invest money, on behalf of ELNK, in order for it to move forward. That is just my opinion, of course. But I don;t see that TKO has the available funds to provide ELNK with monetary resources....and ELNK may not be able to secure funding as easily, either.
ELNK was operating on a thin thread, financially, when they began the project in NYC to lay wire--and I still can see the picture in my mind that the NYTimes published, when the all out effort was started as a last ditch effort to compete...but whether it is with MDU's, or with WIFI, or with PLC, or BPL...if the projcet has not yet solidified, if may not be finished.
This may or may not have anything to do with TKO. They are not mentioned in the article. They were not providing city wide WiFi for ELNK, but rather PLC for a pilot project in an MDU. Notwithstanding, ELNK is in deep doo-doo. TKO has nowhere suggested what, if any, revenue they have expected from them.
BSD
Next week,
we are historically entering the worst month of the year for stock investing.. That could effect Telkonet, on it's own merit..
MLK, I commend you for your consideration to 'Newcomers' and their investment in Telkonet.. Where were you when Telkonet was at $5.00 pps?? So many more investors would have benefited by your knowledge..
How can you predict $1.20 by Halloween when you forcast $1.90 by October?? You are confusing the 'longs', let alone any 'newcomers'..
BTW, oil prices have jumped again today.. Do you 'Car Pool' to work?? Have to consider global warming, as well...
Wow...some big sellers popping up...looks like a ceiling is forming at $1.50 and it isn't made of glass...more like concrete
Correct MLK! As you indicate shares do look rather cheap here. I am very impressed with the way you have come around, glad you now see that the pieces are potentially in place.
As you seem to have a renewed confidence in TKO, I hope the company continues to make strides.
Good one
sonny...hahahahahahaha
Why the ELNK alliance is not gong to happen: read on...
http://news.com.com/EarthLinks+Wi-Fi+dreams+may+be+fading/2100-7351-6204984.html?part=dht&tag=nl....
EarthLink's Wi-Fi dreams may be fading
Layoffs signal a major setback in the company's effort to break free of its dying dial-up business and become an Internet player.
By Marguerite Reardon
Staff Writer, CNET News.com
Published: August 28, 2007, 5:40 PM PDT
TalkBackE-mailPrint del.icio.us Digg this
news analysis EarthLink's dreams of competing against the big telephone and cable companies are fading as it slashes nearly half its total work force in an effort to cut costs.
On Tuesday, EarthLink announced that it would shed 900 employees. The reason was simple, said Rolla Huff, CEO of the company. EarthLink, which has had four solid quarters of losses and a sinking stock price, needs to return value to its shareholders. And this means eliminating jobs that don't help the company add subscribers or increase revenue.
EarthLink's traditional dial-up Internet access business, which has seen hefty declines in growth over the past few years, will likely see major cuts, especially in marketing.
But the company's newest initiative, building and operating citywide Wi-Fi networks, will also be hit. Don Berryman, the head of EarthLink's municipal Wi-Fi initiative, will be leaving the company as part of the restructuring, Huff confirmed during a phone interview. Huff, who became CEO in June, also reiterated the company's decision, announced earlier this summer, not to make any new investments in muni Wi-Fi until it comes up with a new business model.
"Wi-Fi is generally sold at a lower price point. And we simply have not found a way in the old business model to provide the returns necessary for further investment."
--Rolla Huff, CEO, EarthLink "I love the concept of citywide Wi-Fi," he said. "But a business model built around EarthLink fronting all the capital and then paying for subscribers one at a time is not viable. We'll continue to scale the networks where money is already spent, but we won't deploy new capital on this strategy under the old business model."
For many, EarthLink's cutbacks signal a major setback in the company's evolution to break free of its dying dial-up business and become an Internet player with new services to attract subscribers.
EarthLink's traditional Internet access, which includes dial-up as well as broadband access, still generates the bulk of the company's revenue. But its growth is slowing considerably.
In the second quarter of 2007, EarthLink said it lost a total of 177,000 subscribers, mostly from its consumer narrowband access business. At that time, the company predicted it would lose a total of 450,000 to 500,000 subscribers in 2007. On Tuesday, it revised those figures and said it expects to lose an additional 200,000 subscribers by the end of 2007, bringing its total to 3.9 million subscribers.
More than two years ago, EarthLink launched its citywide Wi-Fi business as a way to help increase its subscriber base. Then-CEO Garry Betty, who died early this year after a battle with cancer, also saw muni Wi-Fi as a perfect way to rid the company of its dependence on other companies' infrastructure. While EarthLink also offers broadband Internet access, it has been forced to offer its service over DSL and cable modem services using its competitors' infrastructures. Citywide Wi-Fi would put EarthLink in control of its own infrastructure, and thus, its own destiny, Betty believed.
In the short term, EarthLink's muni wireless projects, which are just now starting to get off the ground in Philadelphia and Anaheim, Calif., were also expected to help offset subscriber growth losses and build the company's independence. But so far, its $20-a-month service hasn't produced the returns necessary to make further investment viable.
"Wi-Fi is generally sold at a lower price point," Huff said. "And we simply have not found a way in the old business model to provide the returns necessary for further investment."
Facing the broadband challenges
The company is also facing stiff competition from traditional broadband providers. AT&T is now charging $20 a month for DSL service with speeds of 1.5 megabits a second. And Verizon Communications announced this week that it is offering its 768 kilobits per second service for $15 a month for life if customers agree now to a two-year contract.
There are already signs that some cities are also starting to lose enthusiasm for citywide Wi-Fi networks. On Tuesday, officials in Chicago said the city is backing away from its planned municipal Wi-Fi service after failing to reach an agreement with either AT&T or EarthLink, which had each bid to build the new network.
At issue were provisions that would require the city itself to become an anchor tenant of the network, according to a report in the Chicago Tribune. EarthLink has also gotten into a stalemate with city officials in San Francisco, which awarded EarthLink and Google the contract to build its network last year. But the project has been tied up in a political morass as city council members negotiate the final contract with the companies.
Ron Sege, CEO of Tropos, the company that provides the Wi-Fi gear EarthLink uses to build these networks, said EarthLink has focused too much of its strategy on consumers. He thinks the company needs to refocus its marketing efforts to entice cities to buy its Wi-Fi service for public safety and other municipal communications needs.
"The hope that municipal Wi-Fi would become the third pipe into the home to compete against Verizon and the cable industry hasn't lived up to expectations," he said. "The real market is in offering low-cost Internet access and mobile services to cities that need to mobilize their work force and provide public safety infrastructure."
Craig Settles, an independent wireless consultant, also believes EarthLink needs to diversify its target audience for its Wi-Fi services.
"In addition to making cities anchor tenants, EarthLink should also address the business market," he said. "Mobile business services offer greater profit margins, and they tend to stick around longer than price-conscious consumers."
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Ideally, business users in one EarthLink city, such as Philadelphia, could use the service in other EarthLink Wi-Fi cities like Anaheim, Houston or San Francisco. But for such a business to really take off, EarthLink has to invest in building these networks in more cities.
And with more of EarthLink's citywide Wi-Fi networks on the map, EarthLink could find itself in a strong position to partner with Sprint Nextel and Clearwire to complement the WiMax service those companies are building nationwide.
Huff hasn't ruled out investing in building Wi-Fi networks in other cities. But he emphasized the need for a completely new business model to make such investment possible.
"We would like to make municipal Wi-Fi networks work," he said. "But it all boils down to coming up with a new model. We were not going to deploy any new capital to build in cities under the current business model."
Maybe even before Nov 1st because by OCT 15 your short will be forced to cover..LMAO
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ABOUT TELKONET
Telkonet (AMEX: TKOI), founded in 1999 and headquartered in Germantown, Maryland, is a leading technology systems application developer of innovative powerline communications (PLC) solutions for the commercial and government markets, establishing a range of patented award-winning systems. Telkonet’s PLC solutions are marketed and sold by resellers throughout the United States, Canada, Europe and Latin America.
The Telkonet iWire System™ delivers wired and wireless broadband network access that is simple and cost-effective to deploy, with secure and reliable connectivity at every electrical outlet. The solution is ideal for any type of commercial building, regardless of the type, age of number of buildings. Telkonet’s leading-edge technology is deployed around the world.
COMPANY WEBSITE
http://www.telkonet.com/
Telkonet, Inc.
20374 Seneca Meadows Parkway
Germantown, MD 20876
Phone: 12409121800
Fax: 14108971144
Sector: Technology
Industry: Communications Equipment
Telkonet’s patented powerline communications (PLC) systems – the Telkonet iWire System and next generation 200 Mbps Telkonet Series 5 – use a building’s existing internal electrical wiring to enable Internet connectivity throughout an entire building, converting electrical outlets into high-speed data ports. This is an ideal solution for properties that are not wired with CAT-5 or where CAT-5 is cost-prohibitive.
The EthoStream Gateway Server (EGS) product line of gateway devices, which are developed in-house, deliver wired or wireless high-speed Internet access, integrating easily with any combination of WAN connections. The EGS products range from a cost-effective gateway for limited use applications to a feature-rich, dual-WAN, scalable gateway for full-service properties.
Telkonet’s energy management systems, Telkonet SmartEnergy (TSE) and Networked Telkonet SmartEnergy (NTSE), reduce in-room energy consumption by controlling heating, ventilation and air conditioning (HVAC) usage based on occupancy. By eliminating unnecessary heating and cooling of vacant rooms, TSE typically reduces energy consumption by 30% or greater.
Telkonet’s proactive support center brings quality of service to a new level with its dedicated, in-house employees, 24/7/365 support, and integrated proactive monitoring and management tools that put property management in control. By integrating the EthoStream Gateway Server and the web-based Telkonet CENTRAL, our in-house support team has real-time visibility into a property’s HSIA usage and data, as well as ISP status.
Telkonet SmartEnergy™ (TSE) controls HVAC usage and improves energy efficiency by adjusting and maintaining a room’s temperature based on occupancy, using a combination of occupancy sensors, intelligent programmable thermostats or packaged terminal air conditioner (PTAC) controllers. TSE eliminates wasteful heating and cooling of vacant rooms without compromising an occupant’s comfort based on our patented Recovery Time™ technology.
Building on the proven capabilities of the TSE system and incorporating Telkonet's unique Recovery Time™ technology, our new Networked Telkonet SmartEnergy (NTSE) advances intelligent HVAC building control with a flexible, resilient and low-cost energy management platform. NTSE utilizes a ZigBee wireless IEE802.15.4 “mesh” network, where each device functions as a wireless repeater and enables energy management thermostats to communicate with each other and aggregate communications up to a single master NTSE Gateway Server on site. NTSE enables central control without needing expensive back-haul wiring. Its key monitoring and analysis features ensure optimum energy savings, giving property owners the tools to identify and implement energy savings, providing total visibility and detailed data about a property's HVAC system and its energy consumption, together with real-time, instant remote management capabilities.
Key features and benefits of NTSE
Telkonet’s proprietary, patented powerline communications (PLC) products harness a building’s internal electrical wiring to form an IP network, turning power outlets into data ports, while leaving the electrical functionality unaffected. Telkonet’s PLC systems – the Telkonet iWire System and the 200 Mbps Telkonet Series 5 – represent a quick, economical, and non-disruptive way to achieve high-speed Internet connectivity throughout a building. Telkonet’s PLC systems offer the hard-wired security and reliability of a CAT-5 cabled network, but without the cost, physical disturbance and business disruption of wiring CAT-5. For properties looking to provide wireless coverage, Telkonet’s systems can be used to feed WiFi access points, which can be connected quickly and simply to any power outlet.
Series 5 Comparison “With 209 sites and limited numbers of IT technicians, we needed a reliable, plug-and-play system that was easy to install, maintain and operate. With Telkonet’s solution, we demonstrated that our own IT staff and contract electricians could install the system…”
Steve Custer, Supervisor CCTV/LAN Networking and A.V. Repair, Hillsborough County School District (SDHC)
Telkonet iWire System
The Telkonet iWire System is a robust networking platform that protects your investment by providing for today’s technologies and expanding for future technologies and applications, with many key benefits.
Low cost – Significantly less expensive than rewiring a building
Quick installation – Completed from hours to days, without construction or disruption
Secure – Data is encrypted and secure from outside intrusion
Hybrid – Delivers wired, wireless or a hybrid solution
Reliable – Patented PLC technology for continuous network connectivity
Scalable – Add users by adding more Telkonet iBridge units
Convenient – Network access at every electrical outlet in every room
Flexible – Supports any device or application using Internet Protocol
Robust – Remote monitoring and management
Compliant – FCC Part 15, UL60950 Listed, and CE approval
Plug-and-play – Easy to connect to the Internet without drivers or software
Applications supported by Telkonet’s PLC system include, but are not limited to: HSIA, local area networking, VoIP phones, video conferencing, closed circuit security surveillance, digital signage, substation monitoring and a host of other information services.
The Telkonet iWire System is used by a wide variety of customers, including:
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ | The "brain" of the system, the Telkonet Gateway converts IP connections to a PLC signal and distributes PLC to the Telkonet Coupler. Through a web or CLI interface, the Telkonet Gateway allows management and configuration of the other Telkonet components. Each Telkonet Gateway supports up to 63 Telkonet eXtenders, 1,023 Telkonet iBridges (users) and up to 4,096 Ethernet endpoints. | |
Telkonet Couplers | The Telkonet Coupler takes the PLC signal from the Telkonet Gateway or Telkonet eXtender and injects that signal into the in-building electrical wiring. Installation of the Telkonet Coupler requires a licensed electrician to meet National Electric Code (NEC) and local electric code standards. Also comes in a model with integrated disconnect switch. | |
Telkonet eXtender™ | The Telkonet eXtender provides additional reach and scalability for networks that cannot be properly covered by a single Telkonet Gateway or multi-building environments. It can be used with wireless radio or wireline networks. | |
Telkonet iBridge™ | The Telkonet iBridge enables a user to connect a computer or IP device to the PLC network. It contains a "test" function to determine the PLC signal strength and has an RJ45 user port connection. |
Telkonet Series 5
Setting unprecedented performance levels for security, speed, QoS and capacity, the Telkonet Series 5 200 Mbps system takes PLC to a new level as a viable networking option for high performance, critical applications, including digital video surveillance, implementations in the utility substation environment, and harsh outdoor commercial installations. Telkonet Series 5 delivers a range of significant performance advances, including the following.
PLC Product Components
Telkonet’s systems comprise a set of compact building blocks – the Telkonet Gateway, which connects via a router to the site’s external broadband feed, and a Telkonet Coupler that interfaces with a building’s electrical distribution panel. A further unit, the Telkonet eXtender™, can be connected to the Telkonet Coupler to provide additional reach for multi-building sites. To access the Internet, a user simply connects their laptop into a Telkonet iBridge unit.
Telkonet Gateway™ – AG5 | The Telkonet Gateway is a remotely manageable network interface that converts Ethernet connections to a power line carrier signal and transmits the signal to the Telkonet Coupler. The Telkonet Gateway allows management and configuration of the Telkonet Series 5 via a web browser or Telnet command line interface. | |
Telkonet Couplers – MVC-200 and DPC-200 | The Telkonet Coupler is wired to the AC or DC low-voltage bus and connected to the Telkonet Gateway with a coaxial cable. The Telkonet Coupler takes the power line carrier signal from the Telkonet Gateway or Telkonet eXtender and injects the signal into the AC or DC electrical wiring. The Telkonet Coupler is also available with an integrated disconnect switch (coupler breaker). | |
Telkonet eXtender™ – AX5 | The Telkonet eXtender provides additional power line carrier signal reach and scalability for networks that cannot be covered by a single Telkonet Gateway. | |
Telkonet iBridge™ – AB5 | The Telkonet iBridge is wired to the AC or DC supply at each point requiring a communications interface. The Telkonet iBridge recovers the power line carrier signal and converts it back into an Ethernet or serial connection for the devices or applications. It contains a test function to determine the power line carrier signal strength. |
The EthoStream Gateway Server (EGS) product line of gateway devices deliver wired or wireless high-speed Internet access and a hybrid solution, integrating quickly and easily with any combination of WAN connections, including T1, DSL, cable modem, fiber and wireless connections. Our comprehensive range of turnkey, standards-compliant gateways meet the requirements of all major hospitality franchises and support a variety of applications, such as VoIP, printing from rooms, surveillance, and point-of-sale terminals.
We provide a complete line of related components, including wireless access points and bridges, Power-over-Ethernet devices, Ethernet switches, DSL equipment and digital video recorder (DVR) equipment, helping you to integrate all of the necessary products into a comprehensive solution.
EthoStream’s support center is directly integrated into the EthoStream Gateway Server and the web-based Telkonet CENTRAL, giving our dedicated, in-house support team and property management real-time visibility into a property’s HSIA usage and data, as well as ISP status. EthoStream leads the hospitality industry in providing innovative, standards-compliant customer solutions and support. Our proactive, responsive, knowledgeable customer support ensures guest satisfaction and retention.
EGS Product Comparison
The EthoStream Gateway Server line of gateway devices provides a simple all-in-one solution for Internet access within a commercial public-access network, while creating a productive work environment and end-user satisfaction.
“This (EthoStream’s Remote Management Console) is an invaluable tool, enabling us to access and monitor all our properties and Internet users from a single location. It is exactly this sort of innovation that puts EthoStream on a different level to other vendors, and is behind our selection of its technology as our preferred option”.
Jeff Henschel, Assistant VP of Technology, Destination Hotels & Resorts
EthoStream Gateway Servers are providing HSIA to more than 2,400 properties, servicing more than 1.9 million users per month, including:
Chairman of the Board
Warren V. "Pete" Musser, 81, has served as Telkonet's chairman of the board since January 2003. Mr. Musser has taken more than 50 companies public during his distinguished and successful career as an entrepreneur. He is currently the managing director of The Musser Group and chairman emeritus of Safeguard Scientifics, Inc. Mr. Musser's distinguished affiliations also included: director of CompuCom Systems, Inc., director of Internet Capital Group, Inc., vice chairman and director of Nutri/System, Inc., vice chairman and director of the Eastern Technology Council, chairman and director of Economics PA, and vice president of development at Cradle of Liberty Council, Boy Scouts of America. Mr. Musser received a BS degree in Industrial Engineering from Lehigh University.
President & Chief Executive Officer
Jason Tienor, 33, is the president and chief executive officer of Telkonet. As the former president and CEO of EthoStream, Mr. Tienor co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Tienor was co-founder of a Milwaukee-based IT consulting firm. Mr. Tienor received a BBA in MIS and Marketing from the University of Wisconsin – Oshkosh and an MBA with an emphasis on Computer Science from Marquette University.
Chief Financial Officer
Rick Leimbach, 39, is the chief financial officer for Telkonet. Mr. Leimbach joined Telkonet in January 2004, and was appointed as vice president of finance in 2006, and then CFO in December 2007. Prior to Telkonet, from 2001 to 2004, he was the financial controller at UltraBridge, an applications solution provider, headquartered in Maryland. Mr. Leimbach joined the company at the start-up stage, tasked with building up the financial organization. From 1998 to 2001, Mr. Leimbach was corporate accounting manager at Snyder Communications, Inc. – a global organization focusing on design, development and implementation of value-added outsourced marketing services. Rick was involved with consolidating the group's extensive operations and working with the SEC. Mr. Leimbach held various positions within public accounting firms, including the Reznick Group and Wolpoff and Company in Maryland from 1991 to 1998. He holds a degree in Accounting from Towson University, Maryland.
Chief Operating Officer
Jeff Sobieski, 32, is the chief operating officer for Telkonet. From December 2007 to June 2008, Mr. Sobieski served as Telkonet’s executive vice president, energy management. Mr. Sobieski joined Telkonet in March 2007, following the acquisition of EthoStream, where he was CIO. As the former CIO of EthoStream, Mr. Sobieski co-founded and grew the HSIA vendor to become one of the largest high-speed Internet providers to the hospitality industry in the nation. Prior to EthoStream, in 2000, Mr. Sobieski was cofounder of Interactive SolutionZ, a Milwaukee-based IT consulting firm, and from this gained experience in the telecommunications and insurance industries. From 1998 to 2000, he was involved in consulting and system development projects, including the project lead on developing a new software package for GE Medical, and software tools development for North Western Mutual Insurance. Mr. Sobieski received a BS degree in Computer Science from the University of Wisconsin-Oshkosh and his MBA from Marquette University.
Vice President of Global Sales
Jeremy Griesbach, 34, is the vice president of global sales for Telkonet, joining the company in October 2007. Prior to Telkonet, from 2001 to 2007, Mr. Griesbach was the director of business development for a Midwest regional accounting firm, Virchow Krause, focusing on building the tax services group that specialized in state and local use tax, tax credit and incentives. From 1999 to 2001, Mr. Griesbach was business development manager for Metavante, a financial services and software support company. He holds a BS degree in Marketing from Upper Iowa State University.
Vice President of Hospitality Operations
Matt Koch, 31, is vice president of operations for Telkonet. Mr. Koch joined Telkonet in March 2007, following the acquisition of EthoStream, where he was a systems engineer from 2004 to 2007. Prior to EthoStream, from 1998 to 2000 and from 2001 to 2004, Mr. Koch was a system administrator for Geneva OnLine, a regional Internet service provider specializing in wireless broadband Internet access, managing system administration and integration for web hosting, billing systems, and workflow automation. In 2000, Mr. Koch was a system and network administrator consultant in the Silicon Valley for various companies, including Sun Microsystems, Uptilt, and SalesCenter.com, a web-based sales team automation system. He received a BS degree in Business Administration in Management Computer Systems from University of Wisconsin Whitewater.
STOCK TRANSFER AGENT
44 West Lancaster Avenue
Ardmore, PA 19003
Tel: 610 649 7300
Fax: 610 649 7302
www.stocktrans.com
IMPORTANT/CURRENT NEWS
http://www.telkonet.com/newsroom/news_releases.php
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SHARES as of June 30,2007 per Q2
OUTSTANDING SHARES: 66,806,986 million
RESTRICTED SHARES: 56,932,926 million
FLOATS: 58,310,000 million
SHARES OWN BY INSTITUTIONAL:10.45%
HOLDERS AS OF 03/14/07////AS OF 9/1-07
Institutions 40 Holders 38 HOLDERS
Mutual Funds 21 Holders 19 HOLDERS
Other Major Holders 48 Holders
STOCKCHART
[chart]stockcharts.com/c-sc/sc?s=TKOI&p=D&yr=0&mn=6&dy=0&i=p03399193280&r=9301[/chart]
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