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I don't think stripes would go well with Ron's Hair so I don't think he's lieing
I don't understand this Mr Ron said next year they will easily make fifty million and the year after that they will make one hundred million now he wouldn't lie would he.Is he the next Dr Evil.
To all who haven't totally panicked yet, here is an article by Ben Stein that I thought was great. It explains how there are those who make money off of investor panic (MLK anyone?). Just thought I would share it with you. Good reading even if it may not fit TKO's premise right now.
HERE IT IS</B>
Here's a fact: The speculators and hedge fund managers who run today's stock market need market volatility in order to make money.
They can't make enough money if the market stays flat or moves only a bit, so they like extreme and unexpected price movements. They especially like sudden, surprise movements down, when they can make money off stocks they borrow and sell -- or, as they say, "sell short."
Money Lust Satisfied
That's what's been happening the past couple of weeks. But it's not interesting to say that the speculators are whipping the market around to satisfy their money lust. So the speculators themselves make up reasons for why the market is fluctuating, flog those reasons to the media, and then profit if some other speculators believe the jive reasons and jump in the way the manipulators want them to.
Supposedly, the market is "correcting" because of worries about the housing slowdown, and also because of fears that the debt markets that support mergers and acquisitions is drying up.
These are interesting theories, and people who don't know a lot about the stock market or the economy might find them beguiling. What follows are a few truths that show how shallow these "reasons" for the stock market moves are.
Housing a Theory
Yes, the housing market has slowed from a spectacular bubble level to a simply pretty good level. Housing sales and starts are now about what they were in 2002, and no one thought we were in a housing depression then.
In any event, housing is only about 5 percent of the economy. If it falls by 15 percent, that would represent a fall-off of about .75 percent. That's not trivial, but it's also not the stuff of which recessions are made.
The fact is that there is no recession. The economy is suffering from a labor shortage, not a surplus of unemployment. The Fed is worried about excess demand, not slack demand.
Corporate profits set new records every day. Whatever's happening in residential sales and building is simply not slowing down the economy. Why should a Boeing or a Merck or a Pfizer have any reaction to housing at all? Because the speculators sell everything they can when nervousness sets in -- and for no other reason.
A Minor Major Mess
Subprime is a mess. But it's a small mess. Subprime mortgages account for roughly 20 percent of mortgages even in the most heavily exposed states. About 20 percent of them are delinquent in some way. That's 4 percent of mortgages.
Of these, maybe half, or 2 percent, will go into foreclosure. There will be roughly 50 percent recovery on sale of these. This is a loss of 1 percent in the mortgage market -- a sum the lenders have already made many times over because of the hefty fees on those deals. In the context of the size of the U.S. financial sector, it's nothing.
And why should a crisis in subprime drive down stocks in Mexico and Thailand? Again, because the speculators seek to create panic to make money by selling short, and they sell short everything.
There's simply no connection between subprime and developed or developing nations' stocks. This by itself shows the thin context of the selling wave late last month.
Money's Still Cheap
What about the supposed drying up of loans for mergers and acquisitions by private equity firms? Well, here's a good, simple test of just how valid that explanation is for stock market moves: The majority of private equity takeovers are financed with junk debt.
If there really were a major shortage of funds for these deals, the interest rate on the junk would skyrocket. Instead, while the rate has risen by about 150 basis points in the past month, the spread between junk and investment grade is now about 290 basis points, according to leading junk analyst Martin Fridson.
This is a lot lower than the year-end average of the spread from 2002 to 2006, and far below the almost 800 basis point spread during a true interest-rate crunch like the one after the tech meltdown in 2000-2002.
So that's phony, too. Interest rates have risen, but not anything like what they've done in real crises. And besides, the Dow fell by about 550 points the week before last, yet not one of the Dow stocks is involved as either acquiror or acquiree in a private equity deal.
In short, money is no longer virtually free the way it was for private equity deals in the past year. But it's not expensive by historical standards, either.
Spreading the Fear
In other words, it's all the speculators trying to panic us so their sell programs will make money. And they'll make money as long as they can spread their panic. When they can't do that any longer, they'll work the long side -- and make up reasons for that, too.
In the meantime, the economy is strong. Profits are great, and interest rates are low and will stay that way. Don't sell. With all the shrieking about the market, it only fell to what it was about five weeks ago -- and we didn't think we were poor then.
So let the speculators shout "fire." As of right now, they're not blowing anything but smoke.
Another 52 week low ...I love this stock!!!!!!!!
Nope I'm still holding for some ungodly reason,maybe I just love a very painful and slow death.
http://www.fulldisclosure.com/company.asp?client=cb&ticker=tko
Now this one says earnings has been moved to the next week (aug 10-20)...I just looked at the Edgar calendar..and unless I am nuts! I read the final date for Q2 earnings that applied to TKO
, WAS 9 Aug....hmmm....have to go look once more.
OK...NON-Accelerated filers, have until 14 Aug to report earnings. ACCELERATED filers have until 9 Aug to report.
Someone clarify for me please, which one TKO is in...last I knew they were accelerated.
Last week the earnings.com, as you may remember gave Aug 6 to aug 16 for earnins...narrowed down a bit, this week, yes?
hahaha! rumor somewhere that there is going to be news STILL this week...but it could be the earnings that SC says will be on the 9th. GHEEZ...did you take a look in yur SC acct under research? MSN, SC. Yahoo, Google--all show pitiful projections..must be the one analyst hasn't talked with TKO since they got all those new 'deals'...I can't find the $25 mil in any of those finance websites....sure am hoping for a POSITVE surprise! Am 'taaard' of having one disappointment after another.
Does that means there will not be a $10 takeover offer or was it $40 that Ron Pickett was holding out for? -Tony
Scottrade says earnings out on the 9th.....
Telkonet Inc TKO:AMEX
Sector: Technology Industry: Communications Equipment
1.29 -0.05 -3.73% 198,000 (No Ranking) Last Trade as of 4:00 PM ET 8/6/07 TradeAdd to Watchlist
Last Change / % Change Volume S&P Ranking
Summary News Charts Options Fundamentals Insiders Earnings Financials SEC Filings Set Alerts
Q1 2007
TKO reported 1st quarter 2007 earnings of -.09 per share on 5/10/07.Estimates
High: $-0.08
Low: $-0.08
Consensus: $-0.08
Q2 2007
The consensus of the 1 analysts covering TKO for 2nd quarter 2007 is a per share value of $-.11.Estimates
Mean: $-0.11
High: $-0.11
Low: $-0.11
Q3 2007
The consensus of the 1 analysts covering TKO for 3rd quarter 2007 is a per share value of $-.10.Estimates
Mean: $-0.10
High: $-0.10
Low: $-0.10
Actuals Estimates Surprises 1:53 AM ET 8/4/2007Roll over quarters for more informationOn 5/10/2007, TKO reported 1st quarter 2007 losses of $0.09 per share. The next earnings announcement is scheduled for 8/9/2007.
Market Comparison P/E
(TTM) P/E (Forward
12 Months) PEG 1 Year EPS
Growth Rate 5 Year EPS
Growth Rate
TKO -- -3.3x -- -53.09% -- TKO underperformed the Sector by 75% and the Communications Equipment industry by 69%
Communications Equipment 31.1x 13.9x 2.3x +2.54% +39.77%
Technology 28.4x 15.4x 2.4x +28.25% +33.78%
S&P 500 19.7x 16.3x 2.1x +23.89% +22.94%
Q1 2007
TKO reported 1st quarter 2007 earnings of -.09 per share on 5/10/07.Estimates
High: $-0.08
Low: $-0.08
Consensus: $-0.08
Looks like Joe Noel sold all his shares e/o/Jun--b/o/July..and Crabb has sold almost all of his too--down to what he bought e/o/lst yr until he exercised his options:
Insider Transaction History
Transaction Date Name/Position Transaction Type Current Average
6 Month Return Market Value Shares Price Range Total Holdings
June 29, 2007 Noel, Joseph
Other Planned Sale -- $24.0K 12,000.00 -- - -- --
June 15, 2007 Crabb, Robert Paul
Officers Exercise of Stock Options -- $25.0K 25,000.00 $1.00 - 1.00 33,500.00
June 12, 2007 Crabb, Robert Paul
Officers Sale -- $48.5K 24,000.00 $2.02 - 2.02 8,500.00
June 8, 2007 Crabb, Robert Paul
Officers Exercise of Stock Options -- $36.0K 36,000.00 $1.00 - 1.00 32,500.00
June 8, 2007 Crabb, Robert Paul
Officers Sale -- $24.1K 12,000.00 $2.01 - 2.01 32,500.00
March 12, 2007 Sadle, Stephen L
Directors Stock Gift -- $0.0 10,000.00 $0.00 - 0.00 3,354,510.00
January 26, 2007 Sadle, Stephen L
Directors Stock Gift -- $0.0 30,000.00 $0.00 - 0.00 3,364,510.00
December 27, 2006 Pickett, Ronald W
Officers Stock Gift -- $347.5K 125,000.00 $2.78 - 2.78 2,574,700.00
December 26, 2006 Hall, Thomas Marrell
Directors Stock Gift -- $50.0K 20,000.00 $2.50 - 2.50 567,790.00
December 4, 2006 Kunkle, Richard L
Other Planned Sale -- $20.3K 7,500.00 -- - -- --
November 16, 2006 Crabb, Robert Paul
Officers Purchase -- $23.3K 8,500.00 $2.74 - 2.74 8,500.00
I have TOTALLY stolen this post of Phillys' from another board...but it is worthwhile to know this, IMO....NOTE: I am NOT saying this is relevant to TKO...it is something that all investors should be applauding, in general....
Federal Jury Finds Michael Pietrzak and Maurice Furlong Liable for Securities Fraud and Other Charges
FOR IMMEDIATE RELEASE 2007-158
http://www.sec.gov/news/press/2007/2007-158.htm
Washington, D.C., Aug. 3, 2007 - The Securities and Exchange Commission announced today that a federal jury found Michael J. Pietrzak and Maurice W. Furlong liable for securities fraud and other charges in their operation of Hexagon Consolidated Companies of America, Inc. (HCCA), a development stage mining company headquartered in Reno, Nev. Pietrzak was HCCA's general counsel, CFO, and executive secretary, as well as a director. Furlong was HCCA's chairman, president and CEO.
Katherine Addleman, Regional Director of the SEC's Atlanta Regional Office, said, "We are very pleased with the jury's verdict."
The complaint alleged that Pietrzak and Furlong engaged in protracted efforts to fraudulently increase the stock price and value of the company by, among other means, filing false and misleading registration statements and periodic and current reports, and by issuing false press releases and a letter to shareholders. During the same time, Pietrzak and Furlong sold a total of more than 197 million shares of HCCA stock and fraudulently received proceeds of $1.3 million and $3.4 million, respectively. The complaint also alleged that from 1996 through 2001 HCCA, through the efforts of Pietrzak and Furlong, reported to the public that is was an entity with substantial assets when, in fact, it was virtually worthless.
A hearing has been scheduled for Sept. 24, 2007, to determine the appropriate relief against Pietrzak and Furlong, which, as requested by the SEC, may include permanent injunctions, disgorgement of the stock proceeds with interest, civil penalties, officer and director bars and penny stock bars.
See LR-18016, March 6, 2003.
Incredible! How much should TKO's share price have dropped as a result of the recent spin-off ?
Either people are bailing or the manipulators are trying to get people to bail....
Tony
TKO needs a life support..They need to announce the COO else we might see under a buck soon..
Hmmmm,
one of those 'I can hear a pin drop' days!! Fear is running to a high degree in Telkonet land today..
Wish I had a functioning crystal ball, to see who is doing the selling?? Is Piz, Major, Color, Walrus, Pickett, Mlk selling?? GLL already has sold out..
Hmmmmm, is a quandary to be sure.. Paper or plastic if a bagholder becomes evident.. Rumor has it the swamp is draining, though..
The 10Q should be out by Thu or Fri.. How will it read??
Hmmmmmmmmmmmm...
News
Press Release Source: Telkonet, Inc.
Telkonet SmartEnergy Selected by Prestigious Babson College to Reduce Energy Consumption
Monday August 6, 8:30 am ET
Installed in McCullough Hall dormitory to eliminate wasteful heating and cooling of rooms
GERMANTOWN, Md.--(BUSINESS WIRE)--Telkonet, Inc. (AMEX:TKO - News), the leader in providing in-building broadband access over existing electrical wiring, today announced that Babson College, located in Wellesley, Mass., has selected Telkonet SmartEnergy to manage the in-room energy consumption in the 120 room dormitory, McCullough Hall. Telkonet SmartEnergy, which incorporates the proven technology developed by Smart Systems International (SSI), eliminates wasted energy from heating and cooling unoccupied rooms. The system uses packaged terminal air conditioner (PTAC) controllers and occupancy sensors to adjust and maintain a room's temperature, sensing when the room is vacant or occupied.
ADVERTISEMENT
Shelley Kaplan, associate vice president of facilities for Babson College, commented, "McCullough Hall was the perfect candidate for an energy management system, with its expensive, energy-intensive electric heating. We needed to take control of our energy costs, as we were paying to heat and cool students' rooms when they were in class and away during summer and Christmas breaks. Manually changing the temperature in each room was labor-intensive and inconsistent. After researching various energy management companies, we found the SSI technology to be the most cost-effective and reliable. Based on a trial, installation costs were lower by using wireless occupancy sensors, eliminating costly wiring. Recovery time was quick, with rooms returning back to the student's temperature setting within minutes upon their return. Most importantly, with the trial resulting in energy consumption savings of 30%, we can anticipate a payback within 2 years or less. Based on funding availability, we will look at installing the energy management system in our conference center/hotel next."
About Babson College
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.
About Telkonet
Telkonet develops and markets technology for the high-speed transmission of secure voice, video and data communications over in-premise and shipboard electrical wiring. The revolutionary Telkonet iWire System(TM) utilizes proven powerline communications (PLC) technology to deliver commercial high-speed broadband access from an IP "platform" that is easy to deploy, reliable and cost-effective by leveraging a building's existing electrical infrastructure. Telkonet's products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets. Applications supported by the Telkonet "platform" include but are not limited to: VoIP telephones, Internet connectivity, local area networking, video teleconferencing, IP surveillance and a host of other IT services.
Telkonet SmartEnergy efficiently manages in-room energy usage with intelligent thermostats, packaged terminal air conditioner (PTAC) controllers and occupancy sensors. It significantly reduces energy consumption and improves energy efficiency by automatically adjusting the heating or air conditioning temperature when a room is vacant. The thermostat constantly calculates how far the temperature can vary to ensure it returns to the occupant's setting within minutes when they return to the room. The room temperature varies exactly far enough to achieve maximum savings, while ensuring the occupant's comfort. For more information, please visit www.telkonet.com.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).
Contact:
Porter, LeVay & Rose, Inc.
Michael Porter
President
212-564-4700
mike@plrinvest.com
www.plrinvest.com
or
Rubenstein Public Relations
Adam Mazur, 212-843-8073
amazur@rubensteinpr.com
--------------------------------------------------------------------------------
Source: Telkonet, Inc.
something fun about stocks.......
http://freedomfunds.net/edu/pinkdict.html
Earnings report, according to the calender on the old 'street events' site (for the life of me, I cannot remember what they renamed it, and don;t feel the urge to look it up right now)--anyway, August 6 is tomorrow. Now, the date span was 6Aug-16Aug---so I am NOT saying that there will be an eanings release tomorrow---nor am I saying there will NOT be....it will be BETWEEN tomorrow, and the 16th of August....so stay alert!
Volume has been crappy of late, and of course there are many who are crouched in the 'wait' mode....until the earnings report comes out...and any other 'news' that may come with it, before they pull the trigger to buy, or sell. This may well be yet ANOTHER volatile week on the stock market in general, and TKO specifically. So drink some tea, get your aromatherapy candles out, (check the wicks and put some matches near by), and for those that need to drink something when stressed---water is good for you, and actually makes you feel full so that you don;t go running around for those crunchy, salty, fat-laden things that airlines give to people to reduce stress when flying. Soothing music in the background DOES help, too. Start your day tomorrow with a good workout to reduce more stress.....maybe keep some exercise tool next to your desk for emergencies, so you can use it in a flash moment, if need be.
My point is this: we may not like what we hear, or we may like it very much....hopefully, we won;t feel the need to attack each other if things don;t go our way.....
LOL,
saw that too!!
Brings to mind an old 'Art Linkletter' saying: "People Are Funny"...
If you are posting in regards to my reply to Getrader, I dont care when TKO got off Reg Sho list, its still going to be a hard stock to short. Most broker/dealers will have a hard time finding the stock to borrow so it wont be shortable. I have my doubts that he did, as his timing would be rather odd.
Does not matter to me one way or the other. If he managed to short a few thousand shares and make a little money, although the risk/reward was horrible, good for him.
These types of stocks are dangerous shorts. They are illiquid, dont trade technically, and with any type of good news, you can blow your account out.
Better shorts are larger companies, underperforming their peers, with a very liquid float, in sectors thats are out of favor. Like most of the home builders and most of the financials. Including GS, which I am still unfortunately holding a long position :(
FYI---RBT--TKO has not been on the REG SHO list since 2/28-07.
gheez Neb, I read your post over on Yahoo, and now here....if you don;t think this board has worthy people on it for an intelligent discussion, would you please leave? I am not sure if we are the ridiculous, or the other description you used, insincere...but life is too short to hang around those you cannot stand to be around. There MUST be other boards that are more to your liking...check out Board Central and see if you can't find one.
What are your thoughts at this point? There really isn't a whole lot to be said at this point I suppose.
The noise and drama between this and the yahoo board has gotten ridiculous, although I realize I added to some of the nonsense here!
Any thoughts on the general market?
I am thinking a capitualtion down day Monday or Tuesday, followed by someone hitting the buy button.
I bought Aug 47 QQQQ puts on Friday morning to hedge some of my longs going into this week, but I still got crushed last week.
Next victims of the credit squeeze
Trouble in the credit markets threatens to push companies already in poor health to the brink of bankruptcy.
By Grace Wong, CNNMoney.com staff writer
August 3 2007: 10:36 AM EDT
LONDON (CNNMoney.com) -- Turbulence in the credit markets has already claimed several casualties - from highly leveraged hedge funds to mortgage providers whose lenders have cut them off.
But the fallout could get worse. Some experts say the debt crunch could squeeze underperforming companies that have, until now, been able to finance their way out of trouble - and trigger a wave of corporate bankruptcies. (ie TKO)
"There have been a lot of operational problems and other problems within some companies that have been masked by liquidity in the marketplace and the ability to refinance their debt," said Jeff Marwil, a partner in Winston and Strawn's restructuring and insolvency practice in Chicago.
The end of the credit party
Until recently, investors have gorged on complex securities that include strips of corporate debt from a number of companies. The relentless demand for these securities has provided financing for some companies that might have otherwise collapsed.
"There are a lot of underperforming companies that have been able to finance their way out of problems and put off dealing with the operational need to fix their business," said Lisa Donahue, co-head of the turnaround and restructuring practice at AlixPartners in New York.
That's helped keep default rates among risky borrowers at historic lows, despite an explosion in the issuance of risky corporate debt - the default rate fell to 1.57 percent last year, the lowest since 1981, according to Moody's Investor Service.
But the subprime mortgage crisis has crimped investors' appetite for risk. Problems in the sector that gives home loans to borrowers with weak credit have spread and it's uncertain how deep the problems run.
Buyouts in a bind
For now, creditors like hedge funds have been hit hardest by the turmoil in the market as they've had to, in some cases, mark down the value of their assets. Many analysts expect some of these players won't regain their appetite until the market is finished repricing risk.
Corporate loan and bond deals have already come to a standstill. Some 46 financing deals representing over $60 billion have been pulled from the market since June 22, according to an analysis by investment management firm Baring Asset Management.
And some say it's only a matter of time before there's a rise in corporate default rates. "The recent increase in interest rates and credit spreads will really manifest in higher (corporate) defaults," said Edward Altman, a finance professor at New York University's Stern School of Business and corporate bankruptcy expert.
Donahue agreed, but said it could take some time before troubled companies start to come under pressure. "I do think there will be an uptick in defaults, but it takes time for this to cycle through," she said.
It could take six to 12 months before some companies start to trip up on covenants - the conditions which allow a lender to demand repayment of a loan, she said. Other troubled firms may be able to stay above water even longer since several loans issued in recent years have been "covenant-lite," which gives borrowers more leeway when they run into trouble.
While it's become harder for companies in poor condition to buy more time on the cheap, they aren't out of options. "There is plenty of money out there courtesy of private equity firms, distressed accounts and hedge funds to help fix troubled deals. The price simply is higher now than it's been in a while," Standard & Poor's Leveraged Commentary & Data said in a note Thursday.
Whether companies in troubled situations end up filing for bankruptcy ultimately depends on how they run their business and the overall health of the economy, Marwil from Winston and Strawn said. "As long as they are able to generate enough cash to make their debt payments, it doesn't matter what their debt trades for in the market," he said.
The 'twilight zone' is sooooooo quiet today!!
The topic of Gigabeam and it's association with Telkonet pops up every great once in awhile.. I'm seeing promotions being released for Gigabeam during the past couple of days.. In glancing thru them, I fail to uncover any reference to 'any association' with Telkonet.. Even on the Gigabeam website there isn't any reference to Telkonet.. They list several 'partners' other than our illustrious TKO..
Any association/partnership involvement is naturally with MST/Nuvision.. The MST website highlights Gigabeam's installation of WiFiber with MST/Nuvision way back in Year 2004, but no reference since then to any business going on together.. There are some upcoming additional MST installations within the NYC area but direction seems to have slowed to a crawl..
Just some thoughts on this lazy/sleepy/quiet day in August...
MLK's bashing contract must have ran out? lol I hope bottom is $1.30 I might nibble a few shares here. I am in for some over $4.00 and some in the $2.50 range. I hate to catch the falling knife again. I can't understand why someone would dump 400k's shares at this price.( Maybe Sirrushas it right on Enable shorting). TKO is the 2nd worst stock I have ever invested in. I still see potential here but I also hear a tick -tock going off in my head. I hope new technology does not make TKO obsolete in the near future. What to do
hehe..not TKO color..Ron and Raphael is totally opposite just like the moon and the sun..So far whatever Raphael says he delivers..The kind of CEO I like ( underpromise overdeliver ) unlike Ron...
Got to get in color I am serious..I will never ever put $27K on a pink sheit but this an exception..A monster in the making..
Isn't that what you said about TKO.
At least it came back with the vengeance..
I tell you what--the news today is a prelude to what is coming..A lot of MCCYers will become millionaire in no time..Just watch Color!! The CEO is genius..
...excellent analysis and sage advice.
Neb
(ps...save the discussion about 'other people/posters'...
too much a waste of time...subtracts from posters
ability to talk intelligently about stock/market...)
Call it whatever, its still a long over due correction. Dow went up over almost 2000 points in a year.
I like to Cramer to an extent and watch him fairly regularly. You have to take what he said in context, just last night he said corporate balance sheets look great.
CNBC should be taken off the air, they do not nothing but spread either panic or euphoria.
I have worked in several different financial institutions and visited many more, CNBC is without exception, always on. Its also usually muted.
That is where I got my info---several months back it was called Street Events...my bookmark still says that--but it took me there....
The Market is in the midst of a big sell-off. Cramer was just on CNBC saying this was the worst he has ever seen the financial situation--and he was talking about more and greater problems than housing...he was frantic as usual...but more frantic than normal. Coincidently--the market is selling off real fast right now.
Your observation of people buying in the high end stores and in restaurants does not take in the view of those outside your 'neighborhood' where you usually hang out or around. Yesterday, my dad and I went on a small trip...we passed corn fields suffering from drought...we passed small towns where there USED TO BE young people all over, filled up schools, homes that had people living in them, instead of foreclosure signs and for sale signs...and where one town had a bustling downtown, there are now closed up buildings, one restaurant--where we ate--with 3 other senior citizens in it eating by themselves, at the dinner hour...one place left where people can get a job to support their families ---most have moved from that town---and surprisingly enough, those that are left are the seniors who have pensions--their kids left....
In my town..the home of Upjohn (which is now a part of Pfizer) yellow cab, gibson guitar, Greenleaf Trust, Gilmore, which hosts the bi-annual world keyboard competition, Stryker, a free college education for the kids that go thru our public scool system, and many other companies that traded at one time on the Dow ---we have a poverty level population WAY above the norm that is quoted in the news reports---or not mentioned at all----and is has gotten worse, year after year.....since I came back, 5 years ago...there are no jobs left for the middle class and they are falling to poverty level...the jobs are in China, India, and Mexico---they moved away---the glamor that you see on TV and in the high end retail establishments, is only 3% of the total population of the US. And since the middle class has been declining---if Cramer is nervous..it is because he can see that it is gonna be WORSE for the majority of the population...which means people will have less money to spend, and companies will have less revenue FROM that lack of disposable money to spend.
see www.earnings.com
Cramer is still bullish, but selectively. I wouldnt put a blanket on saying all large cap companies are going to suffer. What he is saying is financial services and anything connected to the housing and home building secotr are going to suffer. Out of the 30 dow stocks only 4 of them fit this category.
Slightly off topic and not directed at anyone, just a rant cuz I am bored at work:
There are plenty of companies who are being discounted right now for no other reason than this down draft. You will have nay sayers that say the world is falling apart. Either you are on the side of the secular world ecomony or you think the credit/liquidity problem is going to trickle through every ounce of the economy, the consumer is dead blah blah. If you read the QQQQ yahoo messsage board (which I do) you get the feeling that you should be loading up on canned goods and ammunition right now. I just dont buy into that. In NYC I still see people shopping at all the high end stores, all the restaurants are filled etc.
In my opinion, this will be a selective correction. There will be some trickle down issues in the mortgage/home builders/financial service arena. I know I am still spending (as well as feeding my 401K, which adds liquidity to all those nay sayers out there) as fast I make it, I am guessing many are doing the same.
Monday 6 Aug or maybe Tues 7 Aug is what someone said here, or there, when I put up the link showing that at least they filed something with StreetEvents that said it wuld be between the 6th and the 16th of August.....So next week , supposedly, we will get earnings....
Cramer on CNBC says this blowout is the worst he has ever seen---and he says that Wall Street doesn;t have a clue how bad it is--it is worse than 'just housing' and morgtage problems....
It has just occured to me that BECAUSE no capital gains have to be reported to the IRS when a company goes BK.....this just might become the 'year of the Bankruptcy'.
Have not heard that about GE--but Cramer is announcing as we write that a lot of big companies are gonna go down.....GE still has its fingers in India BIG TIME....it is in the US where leveraging was way overboard, (hedges, housing...etc)where the trouble will occur......and small companies, such as TKO, no doubt are going into retrenchment mode, as well...
On top of that...the hedge funds that have been making their living by shorting the market are under the looking glass right now for their low low tax rates of 15%...when the average guy pays 20% and MORE on any short term gains...seems there was never a law in place that ALLOWED them to pay only 15% instead of 30---they just did that, using the what is it....TKO uses it too...line item where you give away intangibles, and use it as a write off? Blackstone used it when they IPO's....saving them MILLIONS of dollars in taxes...
I'm am concerned as we have heard nothing of any value since the CC which was a very positive overall statement. I find it hard to believe that nothing of interest has occurred in over 2 months. Whats are all the rumors of GE going south? TKO management or PR people gives us some info!
Which is why I mentioned the nazzz......my opinion, because I have no way of knowing for sure, is that they did not go.
And based on the volume the last week or so, there does not seem to be any accumulation started either.....which is why I posed the question.
FYI---I use lots of sites for info...and often discover that they all have different info on the same subject.....CNBC and Nasdaq are only 2 of them....
Replies:
1. MLK not posting does not make me sad.
2. I would assume they are always actively trying to showcase themselves to insitutions. I would not be so quick to use cnbc as your up-to-date info source for several reasons.
Funds do not advertise when they decide to accumulate a position, it would not be beneficial to declare holdings until they actually have the position.
Second, there are many buy-side desks that dont have to declare holdings like mutual funds do. I believe if they are not a beneficial owner, and fall outside of certain regulations, they dont have to register their shares and will never show up on a feed like that.
My thoughts are if this report shows some strength and growth, you will see accumulating start. That will reflect in more institional ownership. The yahoo and cnbc institional reports are lag indicators of this, so it would not reflect for some time.
Good afternoon all......any tumors out there? I mean ...rumors? that was an honest slip of the finger. I have 2 comments to make...both are obvious:
1. MLK is not posting any longer as MLK...for now anyhow.
2. NO ONE has mentioned the bicycle ride to Wall Street in quite a while.....did they even go? CNBC, nazz, no one shows any additional tutes....is the latest 'loan' replacing the Wall Street visit?
Yeah that was real funny there ouch for that I just kicked my dog because of you.
So far not to good.
I have no idea people, are just guessing. The Yahoo board, while containing some good nuggets of info, is hard to read with all the negativity. At this point I read because of the entertainment value of it. At this point, it makes no sense to do anything but sit tight and plow through the Q when released, which should come in less than two weeks it appears.
Wow up eight cents on a whopping eleven thousand shares...yeah that's going to hold.
My point exactly so why are people saying that ge is stealing the technology.
I would doubt that, I am assuming that would be some kind of pattent infringement. From the PR in February, the first six months were suppose to be the intial phase 1 roll out. Whether there were any revenues tied to that first phase is anyones guess but hopefully we hear some mention of how that work is going either through the Q or some kind of PR. Remains to be seen, but I dont think GE makes or breaks this company, they are positioned in too many other markets for that.
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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
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Tel: 610 649 7300
Fax: 610 649 7302
www.stocktrans.com
IMPORTANT/CURRENT NEWS
http://www.telkonet.com/newsroom/news_releases.php
RECENT FILINGS
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4964217&doc=1&total=&back=2&....
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4955247&doc=1&total=&back=2&....
http://biz.yahoo.com/e/070510/tko10-q.html
http://biz.yahoo.com/e/070221/tko8-k.html
http://biz.yahoo.com/bw/070205/20070205005951.html?.v=1
http://biz.yahoo.com/e/060809/tko10-q.html
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-001845&Type=HTML
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-001946&Type=HTML
http://biz.yahoo.com/e/060906/tko8-k.html
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001019687-06-002101&Type=HTML
http://www.sec.gov/Archives/edgar/data/1094084/000101968706002646/telkonet_10q-093006.htm
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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