Form 10-Q for ENERGROUP HOLDINGS CORP
--------------------------------------------------------------------------------

20-May-2008

Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS
Note Regarding Forward-Looking Statements

This quarterly report on Form 10-Q and other reports filed by Registrant from time to time with the Securities and Exchange Commission (collectively the "Filings") contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, Registrant's management as well as estimates and assumptions made by Registrant's management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the filings, the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan", or the negative of these terms and similar expressions as they relate to Registrant or Registrant's management identify forward-looking statements. Such statements reflect the current view of Registrant with respect to future events and are subject to risks, uncertainties, assumptions, and other factors (including the risks contained in the section of this report entitled "Risk Factors") relating to Registrant's industry, Registrant's operations and results of operations, and any businesses that Registrant may acquire. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned.

Although Registrant believes that the expectations reflected in the forward-looking statements are reasonable, Registrant cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Registrant does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are urged to carefully review and consider the various disclosures made throughout the entirety of this quarterly report, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations, and prospects.

In this Form 10-Q, references to "we", "our", "us", "our company", "Energroup" or the "Registrant" refer to Energroup Holdings Corporation, a Nevada corporation.

OVERVIEW

We are a meat processing company specializing in pork and pork products. We have a unique wholesale and retail distribution model and sell directly to over 7,600 retail outlets, including supermarkets and hypermarkets, across Northeast China.

Dalian Precious Sheen Investments Consulting Co., Ltd., or Chuming WFOE, is our holding company established in the People's Republic of China (the "PRC" or "China") for our three PRC operating subsidiaries, collectively referred to elsewhere in this report as the "Chuming Operating Subsidiaries":

1. Dalian Chuming Slaughter and Packaging Pork Company Ltd. (also referred to in this report as "Meat Company"), whose primary business activity is acquiring, slaughtering and packaging of pork and cattle;

2. Dalian Chuming Processed Foods Company Ltd. (also referred to in this report as "Food Company"), whose primary business activity is the processing of raw and cooked meat products; and

3. Dalian Chuming Sales Company Ltd. (also referred to in this report as "Sales Company"), which is responsible for our sales, marketing and distribution operations.



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The Chuming Operating Subsidiaries are spin-off constituents of a former parent company, Dalian Chuming Group Co., Ltd., or the "Group." Our primary business activities is the production and packing of fresh pork and production of processed meat products for distribution and sale to clients throughout the PRC. Chuming WFOE was incorporated in China as wholly foreign owned enterprise on in December 2007. Chuming WFOE's parent company is Precious Sheen Investments Limited ("PSI"), a holding company established in the British Virgin Islands in May 2007. We are headquartered in the City of Dalian, Liaoning Province of China.
Recent Events in 2007 - Reverse Acquisition and Financing Transaction

On December 31, 2007, Energroup acquired all of the outstanding shares of PSI in exchange for the issuance by Energroup of 16,850,000 restricted shares of our common stock to the shareholders of PSI, which represented approximately 97.55% of the then-issued and outstanding common stock of Energroup (excluding the shares issued in a concurrent financing transaction). As a result of this share exchange transaction, PSI became Energroup's wholly owned subsidiary, and Energroup acquired the business and operations of Chuming WFOE.

Concurrently with the closing of the share exchange transaction, on December 31, 2007, we raised $17,000,000 in a private placement by issuing 3,863,635 shares of our common stock to fifteen accredited investors at $4.40 per share.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Our management's discussion and analysis of our financial condition and results of operations are based on our combined financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported net sales and expenses during the reporting periods. On an ongoing basis, we evaluate our estimates and assumptions. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

While our significant accounting policies are more fully described in Note 2 to our combined financial statements included in this report, we believe that the following accounting policies are the most critical to aid you in fully understanding and evaluating this management discussion and analysis:

Method of Accounting

We maintain our general ledger and journals with the accrual method accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by us conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of financial statements, which are compiled on the accrual basis of accounting.



--------------------------------------------------------------------------------
Principles of Consolidation
The consolidated financial statements, which include the Company and its subsidiaries, are compiled in accordance with generally accepted accounting principles in the United States of America. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly owned subsidiaries.

Our three operating subsidiaries, the Meat Company, Food Company and Sales Company, were incorporated and have been in existence since December 2004. The Company also owns two intermediary holding companies. As of December 31, 2006, the detailed identities of the consolidating subsidiaries are as follows:


Attributable
Place of Equity
Name of Company Incorporation Interest Registered Capital

Precious Sheen Investments Limited BVI 100 % USD 10,000

Dalian Chuming Precious Sheen
Investment Consulting Co., Ltd. PRC 100 % RMB 29,400,682

Dalian Chuming Slaughtering & Pork
Packaging Co. Ltd. PRC 100 % RMB 10,000,000

Dalian Chuming Processed Foods Co. Ltd. PRC 100 % RMB 5,000,000

Dalian Chuming Sales Co. Ltd. PRC 100 % RMB 5,000,000




The consolidation of these operating subsidiaries into a newly formed holding company (i.e. the Company) is permitted by United States GAAP: ARB51 paragraph 22 and 23.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ materially from these estimates.

Accounts Receivable

We extend unsecured, non interest bearing credit to our customers; accordingly, we carry an allowance for doubtful accounts, which is an estimate, made by management. Management makes its estimate based on prior experience rates and assessment of specific outstanding customer balances. Management must approve credit extended to new customers who have met the criteria of our credit policy. It is typically the case that new customers must make payments in advance before we sell our products to them. For our premier customers such as supermarkets, we do typically extend 30-45 days of terms to them.

In order for us to minimize bad debt, we exercise control over both the length of the receivables, and the quantity of products shipped to our customers to whom we have extended credit, such as those who pay on a monthly basis. In exercising control over order quantities, on a product by product basis, we set maximum limits that will be shipped to those customers. If in the event, the customer is near their maximum and has an outstanding balance, we will request payment even if it is outside of the normal payment cycles of our customers.

Inventory Carrying Value

Inventory, consisting of raw materials in the form of livestock, work in progress, and finished products, is stated at the lower of cost or market value. Finished products are comprised of direct materials, direct labor and an appropriate proportion of overhead. Periodic evaluation is made by management to identify if inventory needs to be written down because of damage, or spoilage. Cost is computed using the weighted average method.

We observe and evaluate the value of inventory on a product by product basis. For our fresh meat products which are typically sold as carcasses (hogs sliced in half), we typically carry zero inventory as these products are sold immediately. We use a just in time model for fresh meat products. Our customers require fresh meat so we do not carry any excess inventory beyond the hogs that we slaughter each day. Current market conditions have also influenced our inventory across the board. For our products that we require additional processing such as hams and sausages we typically, carry two days' worth of inventory. For meat that has been separated into smaller packaged portion, we typically carry one weeks' worth of inventory. The PRC is currently facing a pork shortage, so as a result, presently we are able to sell all the fresh pork that we slaughter. Accordingly, we have not been required to write down inventory for spoilage. Also, if the hogs do not meet our requirements for quality they are disposed of, and charged off immediately to our cost of sales, and they will not enter our inventory.



--------------------------------------------------------------------------------
Property, Plant, and Equipment
Property, plant, and equipment are stated at cost. Repairs and maintenance to these assets are charged to expense as incurred; major improvements enhancing the function and/or useful life are capitalized. When items are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gains or losses arising from such transactions are recognized.

Construction in progress represents the direct costs of design, acquisition, and construction of buildings, building improvements and land improvements. Capitalization of these costs ceases when substantially all activities necessary to prepare the assets for their intended use are completed. At such point, construction in progress is transferred to its respective asset classification. No depreciation is provided until it is completed and ready for intended use.

Property and equipment are depreciated using the straight-line method over their estimated useful life with a 5% salvage value. Their useful lives are as follows:


Fixed Asset Classification Useful Life
Land Improvements 10 years
Buildings 20 years
Building Improvements 10 years
Manufacturing Machinery & Equipment 10 years
Office Equipment 5 years
Furniture & Fixtures 5 years
Vehicles 5 years




Land Use Rights

We believe our estimation of useful life of our fixed assets has significant bearing on our cost of sales. The related depreciation is a factor of cost that cannot be ignored in assessing our profits. We believe we have used a conservative approach to assessing their useful lives. In our determination of useful life and depreciation methodology we coincidentally adhere to PRC GAAP standards in addition to U.S. GAAP. PRC GAAP standards provide a valuable and reasonable basis for determining useful life because the PRC government documents and records all forms of manufacturing equipment and provides guidance on what is considerable acceptable in terms of depreciation expense. We do also believe based on the quality and nature of the maintenance we regularly perform on our equipment, it is possible that our equipment could significantly outlive their stated estimated useful lives.

Customer Deposits

Customer deposits represents money we have received in advance for purchases of pork and pork products. We consider customer deposits as a liability until products have been shipped and sales revenue is earned.



--------------------------------------------------------------------------------
Statutory Reserve
Statutory reserve refers to the amount appropriated from the net income in accordance with laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equaling 50% of the enterprise's capital.

Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the sum of the weighted average number of ordinary shares outstanding and dilutive potential ordinary shares during the years. During the years ended 2004, 2005, and 2006, no dilutive potential ordinary shares were issued.

We compute earnings per share ("EPS") in accordance with Statement of Financial Accounting Standards No. 128, "Earnings per share" ("SFAS No. 128"), and SEC Staff Accounting Bulletin No. 98 ("SAB 98"). SFAS No. 128 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.

In connection with our reverse acquisition completed on December 31, 2007, a total of 3,863,636 shares of our common stock held by a trust, the beneficiaries of which include our CEO Mr. Shi Huashan and his family, were deposited into a make good escrow account. See "Strategic Financing" beginning on page 4. We accounted for this deposit of escrow shares as "contingent shares," and accordingly reduced the number of shares deemed outstanding for accounting purposes from 21,136,392 to 17,272,756 . Accordingly, our "basic" weighted average shares outstanding is 17,272,756 and our "diluted" weighted average shares outstanding after giving effect for potential dilution from warrants outstanding is 21,182,756. If and when the make good escrow shares are released to their original owners or to investors, our "basic" weighted average shares outstanding will be increased accordingly. The effect of this accounting treatment of the make good escrow shares, is that our reported basic net income per share will be higher than our diluted net income per share, during the period in which the make-good shares are held in escrow.

Recent Accounting Pronouncements

In July 2006, the FASB issued FIN 48, Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109, which clarifies the accounting for uncertainty in tax positions. This Interpretation requires that the Company recognizes in its consolidated financial statements the impact of a tax position if that position is more likely than not of being sustained on audit, based on the technical merits of the position. The provisions of FIN 48 are effective for the Company on January 1, 2007, with the cumulative effect of the change in accounting principle, if any, recorded as an adjustment to opening retained earnings.

In September 2006, the FASB issued SFAS 157, Fair Value Measurements, which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. SFAS 157 applies under other accounting pronouncements that require or permit fair value measurements, where fair value is the relevant measurement attribute. The standard does not require any new fair value measurements. SFAS 157 is effective for financial statements issued for fiscal year beginning after November 15, 2007, and interim periods within those fiscal years.



--------------------------------------------------------------------------------

In September 2006, the SEC issued SAB No. 108, which provides guidance on the process of quantifying financial statement misstatements. In SAB No. 108, the SEC staff establishes an approach that requires quantification of financial statement errors, under both the iron-curtain and the roll-over methods, based on the effects of the error on each of the Company's financial statements and the related financial statement disclosures. SAB No.108 is generally effective for annual financial statements in the first fiscal year ending after November 15, 2006. The transition provisions of SAB No. 108 permits existing public companies to record the cumulative effect in the first year ending after November 15, 2006 by recording correcting adjustments to the carrying values of assets and liabilities as of the beginning of that year with the offsetting adjustment recorded to the opening balance of retained earnings.

In February 2007, the Financial Accounting Standards Board issued SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities-Including an Amendment of SFAS 115 (SFAS No. 159), which allows for the option to measure financial instruments and certain other items at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. The objective of SFAS 159 is to provide opportunities to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply hedge accounting provisions. SFAS 159 also establishes presentation and disclosure requirements designed to facilitate comparisons between companies that choose different measurement attributes for similar types of assets and liabilities. This statement is effective for financial statements issued for fiscal years beginning after November 15, 2007. The Company is currently evaluating the impact of SFAS No. 159 on our consolidated financial statements.

In December 2007, the FASB issued SFAS 141 (revised 2007), Business Combinations, (''SFAS 141(R)''). SFAS 141(R) retains the fundamental requirements of the original pronouncement requiring that the purchase method be used for all business combinations, but also provides revised guidance for recognizing and measuring identifiable assets and goodwill acquired and liabilities assumed arising from contingencies, the capitalization of in-process research and development at fair value, and the expensing of acquisition-related costs as incurred. SFAS 141(R) is effective for fiscal years beginning after December 15, 2008. In the event that the Company completes acquisitions subsequent to its adoption of SFAS 141 (R), the application of its provisions will likely have a material impact on the Company's results of operations, although the Company is not currently able to estimate that impact.

In December 2007, the FASB issued SFAS 160, Noncontrolling Interests in Consolidated Financial Statements - an amendment of ARB No. 51. SFAS 160 requires that ownership interests in subsidiaries held by parties other than the parent (previously referred to as minority interests), and the amount of consolidated net income, be clearly identified, labeled and presented in the consolidated financial statements. It also requires once a subsidiary is deconsolidated, any retained noncontrolling equity investment in the former subsidiary be initially measured at fair value. Sufficient disclosures are required to clearly identify and distinguish between the interests of the parent and the interests of the noncontrolling owners as components of equity. It is effective for fiscal years beginning after December 15, 2008, and requires retroactive adoption of the presentation and disclosure requirements for existing minority interests. All other requirements are applied prospectively. The Company does not expect the adoption of SFAS 160 to have a material impact on its financial condition or results of operations.

We do not anticipate that the adoption of the above standards will have a material impact on our consolidated financial statements.



--------------------------------------------------------------------------------


RESULTS OF OPERATIONS

Comparison of Three Months Ended March 31, 2008 and March 31, 2007.

The following table sets forth the results of our operations for the periods
indicated as a percentage of net sales:

Quarter Ending Quarter Ending
March 31, % of March 31, % of
2008 Sales 2007 Sales
Sales $ 43,507,098 100.00 % $ 23,187,994 100.00 %
Cost of Sales (36,474,424 ) 83.84 % (19,025,632 ) 82.05 %
Gross Profit 7,032,674 16.16 % 4,162,362 17.95 %
Selling Expenses 1,825,277 4.20 % 229,419 0.99 %
General & Administrative Expenses
492,973 1.13 % 305,136 1.32 %
Total Operating Expense 2,318,250 5.33 % 534,555 2.31 %
Operating Income / (Loss) 4,714,423 10.84 % 3,627,807 15.65 %
Other Income (Expense) (306,465 ) 0.70 % (618,423 ) 2.67 %
Earnings Before Tax 4,407,562 10.13 % 3,009,384 12.98 %
(Income Tax Expense) / Deferred
Tax Benefit (166,345 ) 0.38 % - 0.72 %
Net Income $ 4,241,217 9.75 % $ 3,009,384 12.98 %
Earnings Per Share
Basic 0.25 0.22
Diluted 0.20 0.17
Weighted Average Shares
Outstanding
Basic 17,272,756 13,409,120
Diluted 21,182,756 17,272,756




Sales. Our sales include revenues from sales of our fresh pork, frozen pork, and processed food products. During the quarter ended March 31, 2008, we had sales of $43,507,098 as compared to sales of $23,187,994 for the quarter ended March 31, 2007, an increase of approximately 88%. Our sales for our various product categories in the first quarter of 2008 are summarized as follows:


% of increase
Sales by product category, First Quarter % of First Quarter % of from
in dollars: 2008 (amount) Total Sales 2007 Total Sales 2007 to 2008
Fresh Pork $ 36,384,986 83.63 % $ 17,653,019 76.13 % 106.11 %
Frozen Pork 2,358,085 5.42 % 1,595,334 6.88 % 47.81 %
Processed Food Products
4,764,027 10.95 % 3,939,640 16.99 % 20.92 %

Total Sales $ 43,507,098 100 % $ 23,187,994 100 % 87.63 %






--------------------------------------------------------------------------------


Sales by product category, First Quarter First Quarter % of change
by weight of product 2008 % of 2007 % of from
(metric tons): (Weight in tons) Total Sales (Weight in tons) Total Sales 2007 to 2008
Fresh Pork 13,997 79.92 % 10,306 73.75 % 35.81 %
Frozen Pork 1,086 6.20 % 878 6.28 % 23.69 %
Processed Food Products
2,430 13.88 % 2,791 19.97 % -12.93 %

Total Sales 17,513 100 % $ 13,975 100 % 25.32 %




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Ha'penny looks like a big barrier.
Break it(with volume and GOOOOOOO!
GLTA.

time for it to stop??
says who? YOU?
who you?

B-Unreal...you post this because....?????
You want more shares cheap?
you are short or represent short interest?
BEFORE we can accept your posts as indicative of anything,
we need to know why you are here.
Anyone posting here who sees no good at all in ONEV needs to post a reason for being here.
Without such, I have to think you're just another
mindless basher, digging up and posting and reposting anything you can put a negative spin on, and skipping over
anything positive.
Useless!

of interest...................
KUALA LUMPUR, May 19 (Reuters) - Intel Capital, a unit of chip giant Intel Corp (INTC.O: Quote, Profile, Research), said on Monday it expected to close half a dozen deals in India this year.

"We expect this year to do half a dozen deals in India," Sudheer Kuppam, managing director for Intel Capital in Southeast Asia, India, Japan, Australia and New Zealand told reporters at a tech conference.

"It's our most active market in the region."

Intel Capital will announce eight to 10 deals worldwide in the first week of June, he added, without giving details.

Kuppam also said Intel Capital expected to seal two more investment deals in WiMAX Technology by the end of the year.

"We are in discussions with the multiple carrier in South Asia, Southeast Asia. We expect two more deals in Southeast Asia by year-end." (Reporting by Jennifer Tan; Editing by Ramthan Hussain) (jennifer.tan@thomsonreuters.com; +603 2333 8033; Reuters Messaging: jennifer.tan.reuters.com@reuters.net)




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Nice! Perhaps some other "pipeliners" are on that list.
:)

Sprint, Clearwire reportedly in $12 billion WiMax pact

By Rex Crum
Last update: 4:39 p.m. EDT May 6, 2008Print RSS Disable Live Quotes

SAN FRANCISCO (MarketWatch) -- Sprint Nextel Corp. (S:Sprint Nextel Corporation
CLWR 16.46, +1.29, +8.5%) are said to be close to finalizing a $12 billion joint venture to roll out WiMax, an ultra-fast technology for wireless Internet access. The Wall Street Journal reported Tuesday afternoon that Sprint would merge its wireless broadband unit with Clearwire, and that the new company has the financial backing of Intel Corp. (INTC:Intel Corporation
News, chart, profile, more
Last: 23.58+0.33+1.42%

4:20pm 05/06/2008

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INTC 23.58, +0.33, +1.4%) , Comcast Corp. (CMCSA:comcast corp new cl a
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4:00pm 05/06/2008

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Last: 29.41+0.26+0.89%

4:04pm 05/06/2008

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Last: 586.36-8.54-1.44%

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GOOG 586.36, -8.54, -1.4%) . The deal would breathe new life into WiMax after Sprint and Clearwire ended a effort to build a WiMax network last fall. Community

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By using this site, you agree to the Terms of Service and Privacy Policy . Sprint, Clearwire reportedly in $12 billion WiMax pact - MarketWatchIntraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time.

I wouldn't assume so, but I hope so.
GLTA.

Press Release Source: Motorola, Inc.

Motorola Demonstrates New MOTODEV Studio Tools Designed to Accelerate Mobile Application Development
Tuesday May 6, 2:00 pm ET
New 'plug-ins' will enable developers to create applications across a wider variety of Motorola supported platforms, all in a common development environment

SAN FRANCISCO, May 6 /PRNewswire-FirstCall/ -- JAVAONE -- Motorola, Inc. (NYSE: MOT - News) today announced an expanded line of tools for its MOTODEV Studio development platform. Offering an updated toolset for coding Java ME(TM) applications and unveiling plans for tools that support application development on Symbian(TM)/UIQ(TM), WebUI and mobile Linux® platforms, Motorola is enabling developers to innovate across its mobile device portfolio.
Based on an open framework enabled by Eclipse, MOTODEV Studio is an integrated development environment that provides the necessary tools for the application development life cycle -- from requirements definition to testing and deployment -- across all Motorola platforms. MOTODEV Studio and its associated toolsets are designed to enable developers all over the world to create platform-specific applications for Motorola devices -- even before they are available on the market.

"Since its launch in August 2007, MOTODEV Studio for Java ME has enjoyed strong success for developers looking for a full set of tools for compiling, debugging, and testing mobile Java applications for Motorola's most popular devices," said Christy Wyatt, vice president, software platforms & ecosystem, Motorola. "By adding new toolsets to our robust MOTODEV Studio development platform, Motorola is providing developers with everything they need to create innovative applications and extend them across Motorola's mobile device portfolio."


The development environments that will be added to MOTODEV Studio include:

-- MOTODEV Studio for Java ME: an updated version, now available for
download, adds support for Motorola's Symbian/UIQ-based handsets
MOTO(TM) Z8 and MOTO Z10, as well as the MOTO Z6w which is built on
Motorola's MOTOMAGX(TM) mobile Linux platform. The latest version also
adds support for the JSR248 mobile service architecture subset, which
helps reduce fragmentation of Java APIs.
-- MOTODEV Studio for UIQ: expected to be available in beta release later
this quarter, the UIQ development environment enables the creation of
native C/C++ applications for Symbian/UIQ-based Motorola products --
including handsets on the market today such as the MOTO Z8 and MOTO
Z10.
-- MOTODEV Studio for WebUI: expected to be available as a technology
preview later this quarter, MOTODEV Studio for WebUI is designed to
support the creation and testing of lightweight WebUI widgets and
full-featured, context-aware WebUI applications that can access local
device services. Developers will be able to create applications using
standard Web programming languages such as JavaScript, HTML, CSS and
AJAX. The development environment will also support future versions of
Motorola's MOTOMAGX mobile Linux platform, which incorporates the open
source WebKit technology.
-- MOTODEV Studio for Linux: demonstrated as a technology preview that
will be available later this quarter, MOTODEV Studio for Linux will
support native C/C++ application development on future versions of
Motorola's MOTOMAGX mobile Linux platform. With millions of Linux-based
devices shipped worldwide, Motorola has one of the broadest Linux
device offerings of any mobile handset manufacturer. MOTODEV Studio
for Linux underlines Motorola's continued commitment to mobile Linux
and open source.


"We are pleased that Motorola continues to support and leverage the extensible frameworks of Eclipse to expand its MOTODEV Studio development platform," said Mike Milinkovich, Executive Director of the Eclipse Foundation. "Both Motorola and the Eclipse Foundation believe that open platforms provide the best possible working environment for developers and complete toolsets such as those in MOTODEV Studio ease the mobile application development process."

Experience MOTODEV Studio

The new MOTODEV Studio for Java ME toolset is available today for registered MOTODEV developers to download at http://www.motorola.com/developer. Upcoming MOTODEV Studio releases will also be made available via the MOTODEV Web site.

Motorola at JavaOne 2008

To learn more about the MOTODEV Studio development platform, visit Motorola at Booth No. 702 at JavaOne in the San Francisco Moscone Center, from Tuesday, May 6, through Thursday, May 8. Developers and show attendees are also invited to participate in Motorola's general session on Thursday, May 8, from 5:30 p.m. to 6:15 p.m. in Halls B&C, where Christy Wyatt will discuss where the future of mobile application development is headed. The session Webcast will be available on JavaOne's Web site at http://java.sun.com/javaone/sf.

About MOTODEV

MOTODEV is Motorola's global developer and ISV program. MOTODEV combines Motorola developer initiatives into one seamless web site resource, giving developers simple access to virtually all things Motorola (from mobile devices to digital set-tops). The program helps foster innovation in application development and delivery by connecting developers with the resources they need most -- tools, SDKs, and clearly defined go-to-market initiatives. And, with information and resources for a variety of products at their fingertips, developers can easily tap into new business opportunities and apply their talent across the full range of Motorola platforms.

To experience the MOTODEV developer network, visit: http://www.motorola.com/developer.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com.

MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. Java and all other Java-based marks are trademarks or registered trademarks of Sun Microsystems, Inc. in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries. All other product or service names are the property of their respective owners. © Motorola, Inc. 2008. All rights reserved.




--------------------------------------------------------------------------------
Source: Motorola, Inc.


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page2................
===========================================================

Intel casts eye on consumer electronics

By Julie MacIntosh and Paul Taylor in New York
Sunday May 4 2008 20:40
continued from previous page
After the technology bubble burst at the start of the decade, Mr Gelsinger said Intel bought several companies that ranked as the second or third-tier players in their respective markets to avoid paying steeper prices for top assets. In retrospect, that may have been a mistake, he said.

Along with shifts in Intel's strategy, this has led to a string of asset disposals, including the sale of the XScale processor business, whose products are used in handheld devices, to Marvell Technology for $600m in 2006. Mr Gelsinger admitted Intel had sometimes rushed to integrate acquisitions and "smothered them with love" rather than allowing them to thrive as subsidiaries.

But he added: "We have learned lessons." He said Intel has since given select new businesses more room to breathe, and learned to make acquisitions only in areas in which a strategy has already been developed, rather than creating a strategy after making a purchase.

He cited the acquisition of Havok - the Irish video provider of interactive software and services used by digital media creators in the game and movie industries - in September as an example of Intel's approach to purchases. Havok now operates as an independent subsidiary within Intel and has become a key element of Intel's visual computing and graphics efforts.

Mr Gelsinger identified five areas where Intel could look to boost its in-house technology and expertise with acquisitions. including the rapidly growing markets for high-end smart phones and mobile internet devices, or "mids". Some mids are expected to run on the next generation of wireless broadband networks, including those based on WiMax technology, which Mr Gelsinger acknowledged "Intel has placed a big bet on".

He also said Intel may make targeted investments to boost its presence within consumer electronics, embedded devices, visualisation technologies and the market for low-cost computers such as its own Classmate PC Netbook model.



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INTERESTING....page1
========================================================

Intel casts eye on consumer electronics

By Julie MacIntosh and Paul Taylor in New York
Sunday May 4 2008 20:40
Intel (NASDAQ:INTC) , the world's largest maker of semiconductors, will become more acquisitive and expand into areas such as consumer electronics, according to Pat Gelsinger, head of the chipmaker's Digital Enterprise group.

Mr Gelsinger, speaking during a visit to New York, noted the group was emerging from a significant restructuring over the past two years, during which it divested assets and cut its workforce by more than 10 per cent.

"I think you will see Intel being more acquisitive," he said, in an interview with the Financial Times, while acknowledging that Intel's purchases in the past had not always been successful.



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Rainmaker, any idea how long after the filing until trading
begins? days? weeks?
TIA.

Steve, you and everyone else needs to be aware, if you're not already, that once ONEV and TMX reach agreement, there's
gotta be some more time for the lawyers to extract their pound of flesh, er, to formalize the contract.
GLTA.

Saw the potential here long ago (SEIH,both divisions) but got burnt by the dilution, was all the way out, now back in as it
seems they've finally turned the corner.
GLTA.

To those who still complain about the TELMEX delay, wasn't that
voice eMail only? This PR confirms a fullblown launch of IRIS!
GLTA.

got another 50K so far, more maybe tomorrow.
:))

Press Release Source: Cyberlux Corporation

Cyberlux Corporation Invited to Participate in National Guard Disaster Response Exercise with BrightEye Tactical LED Lighting Systems
Thursday April 17, 7:30 am ET
Vigilant Guard Event to Simulate a Major Earthquake, Terrorist Disaster with over 2,000 First Responder Personnel from 11 States

RESEARCH TRIANGLE PARK, N.C., April 17 /PRNewswire-FirstCall/ -- Today, Cyberlux Corporation (OTC Bulletin Board: CYBL - News) announced that the Company has been requested by the National Guard to participate in the Vigilant Guard 2008 Disaster Response Exercise in Beaufort, South Carolina from April 21st through April 24th. The Vigilant Guard event is designed to simulate the chaotic aftermath of an earthquake or terrorist attack and will include 50 specific missions designed to test emergency response, search and rescue, evacuation and distribution of goods capabilities. Cyberlux will deploy a team of its specialists to operate the BrightEye 4M Tower Illumination Systems and the BrightEye Dual Lighthead Tactical Illumination Systems to provide rapid set-up and "stadium-bright" lighting capability during the various exercises.

Over the last two years, Cyberlux has worked with select National Guard units and the National Guard Bureau to refine the capabilities of the Cyberlux portable visible and night-vision compatible illumination systems for general mission tactical lighting, disaster first response, force protection, maintenance lighting, expeditionary base protection and other rapidly deployable high-intensity lighting applications. Participation in the Vigilant Guard 2008 event, along with over 2,000 National Guardsmen from 11 states, is a continuation of the customer/manufacturer solutions-oriented relationship Cyberlux has developed with the National Guard.

In December, the National Guard Bureau ordered BrightEye Dual Lighthead Illumination Systems as a tactical lighting solution for the 17 CERFP (Chemical, Biological, Radiological, Nuclear, and High-yield Explosive Enhanced Response Force Package) teams that stand ready across the U.S. for emergency response deployment. The CERFP teams are composed of four mission elements - search and extraction, decontamination, medical, and command and control - and staffed by personnel from already established National Guard units. The 17 CERFP teams are aligned with the 10 FEMA regions and mobilize when an incident occurs within a team's response area.

"We are particularly honored by the National Guard's request to participate in the Vigilant Guard 2008 event and look forward to demonstrating the level of lighting capability and field performance our BrightEye Portable Illumination Systems will provide to this important National Guard training exercise," said Mark Schmidt, president and chief operating officer for Cyberlux. "With the BrightEye already deployed to CERFP teams, we anticipate ongoing BrightEye needs within the National Guard, and the Vigilant Guard exercise will further demonstrate the unparalleled tactical lighting capability of our products. Over the last year, we have made important progress with our Military and Homeland Security customers, including the U. S. Air Force and National Guard, and the Vigilant Guard demonstration is the next step in having our BrightEye tactical lighting solutions deployed within the broader scope of National Guard operations."

The National Guard provides each State with units trained and equipped to protect life and property, and provides the Nation with units trained, equipped and ready to defend the United States and its interests around the world. As training events like Vigilant Guard 2008 will confirm, the National Guard requires rapidly deployable portable covert and visible lighting systems for disaster response preparedness, homeland defense operations, border patrol support and global military deployments.

The BrightEye Portable Illumination Systems are designed as visible and night-vision compatible illumination system for mission-critical tactical lighting requiring rapidly deployable, high-intensity lighting capability. Using advanced optics, advanced solid-state lighting technology, and light- weight advanced battery power, all contained in easily transportable wheeled cases, the BrightEye Systems are capable of eliminating the space-consuming bulk, noise and energy consumption of the current generator-powered incandescent lighting systems. Unique to the marketplace, the BrightEye Systems provide broad area visible white lighting and night-vision compatible IR lighting capable of operating all night on an advanced battery power system, capabilities not available in traditional lighting systems.

The BrightEye Systems are available through the General Services Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting products under Cyberlux GSA Contract GS-07F-9409S.

About Cyberlux Corporation

Cyberlux Corporation (OTC Bulletin Board: CYBL - News) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit www.cyberlux.com .

Investor Contact:

Richard Brown, rbrown@cyberlux.com / 617-314-7379

This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors, including, but not limited to, the Company's ability to expand its financing concurrent with the Company's growth. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2007. The Company undertakes no obligation to publicly release the result of any revisions to these forward- looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.




--------------------------------------------------------------------------------
Source: Cyberlux Corporation


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Press Release Source: S3 Investment Company, Inc.

S3 Investment Company Announces Shandong Yiteng Chemical as New Reverse Merger Client for Redwood Capital Subsidiary
Wednesday April 16, 12:30 pm ET

Additional Potential Clients Are Considered by Redwood Capital

DANVILLE, CA--(MARKET WIRE)--Apr 16, 2008 -- S3 Investment Company, Inc. (Other OTC:SIVC.PK - News), a holding company with two subsidiaries doing business in the China market, today announced that Shandong Yiteng Chemical Co., Ltd. has been signed as a new reverse merger client for its Redwood Capital subsidiary, which assists private Chinese companies in accessing the U.S. capital markets through reverse mergers into U.S. public companies.
Shandong Yiteng Chemical Co., Ltd. (http://www.sdytjt.com), based in China's Shandong province, is a leading manufacturer of chemicals in China, including hydroxypropyl cellulose and polyanionic cellulose.

Redwood Capital participated in a recently closed acquisition transaction involving Dalian Chuming, a pork processing company that trades in the U.S. as Energroup Holdings Corporation under the symbol ENHD. As part of the transaction, Energroup Holdings Corporation, a Nevada corporation, acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited ("PSI"), a British Virgin Islands corporation and parent company of PRC-based Dalian Chuming.

Redwood Capital was issued 428,095 shares of Energroup Holdings Corporation as the equity portion of its payment for provided advisory services for the transaction. Institutional and accredited investors participated in a $17.0 million private placement with Energroup Holdings Corporation, paying $4.40 per share. At the placement price, the value of Redwood Capital's equity position would exceed $1.8 million. At the most recent trading price of Energroup Holdings Corporation's common stock, the value of the equity position would exceed $2.1 million.

"The addition of another quality Chinese private company client further strengthens the position of Redwood Capital and S3 Investment Company in the reverse merger sector," said S3 chairman and chief executive officer Jim Bickel. "Our participation in the successful close of the Chuming transaction significantly increased our profile in China, and we continue to see a consistent flow of potential clients for Redwood Capital to consider."

"Redwood Capital now has three active reverse merger clients in China and is considering several additional candidates. We look forward to future transaction closings and the significant equity value that they bring to the company's balance sheet," he added.

To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/investors/.

About S3 Investment Company

S3 Investment Company, Inc. (http://www.s3investments.com) is a holding company with two subsidiaries doing business in the China market. S3 holds a 100% equity interest in Redwood Capital (http://www.redwoodcapinc.com), which assists private Chinese companies in accessing U.S. capital markets by utilizing a network of investment banking relationships to achieve reverse merger transactions, and a 51% equity interest in SINO UJE (http://www.sinouje.com), a non-stocking distributor of medical and industrial high-tech products to markets throughout China.

Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.



Contact:
Contact:
For S3 Investment Company
Gemini Financial Communications, Inc.
A. Beyer
(951) 677-8073
Email Contact



--------------------------------------------------------------------------------
Source: S3 Investment Company, Inc.


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UGO, you DA MAN! hadn't seen that before, that's the kind of thing we've been looking for from MOT. Nice find!
GLTA, except SBB.
:)

.011...WTF?

Terrific assets!
:)

hallin...
"We need specifics on Telnor and recurring rev. We need to know how many MID OEMs are locking into a contractual exclusive agreement with ONEV to use their tech and how much ONEV gets per unit sold"
YES, we need to know these figures, BUT we aren't going to get them immediately, they will be forthcoming over the coming months.
PATIENCE!
Easy to say, not so easy to do.
GLTA.

Phoenix > News Subscribe to The Business Journal Wednesday, April 9, 2008 - 12:59 PM MST
Intel, Telefónica agreement to expand technology in Latin AmericaThe Business Journal of Phoenix - by Patrick O'Grady

Intel Corp. and Telefónica SA announced an agreement Wednesday to expand information and communication technology uses as well as broadband Internet in Latin America.

The agreement is designed to bring in more affordable technology to meet needs for home use and small- and medium-sized businesses. It will build off Telefónica's existing and planned network and looks to broaden the use of wireless Internet access.

The move will allow for expanded opportunities for Intel in Latin America. Telefónica has a presence in 24 countries and a customer base of 228 million people.

Santa Clara, Calif.-based Intel Corp. (Nasdaq:INTC) has major operations in Chandler.

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"Dave, you weep for your holdings in One Voice and you curse the guy who delivers the bad side of the news about that investment".
WRONG, I'm excited about the things I see happening with this investment, and I'm adding shares as I can.
Your statement about me is as delusional as your twisted
vision of yourself as some sort of self-appointed savior of
ONEV investors.

I second the "WOW", and also the thanks.
GLTA.

Press Release Source: Motorola Inc.

Motorola Expands wi4 WiMAX Access Point Portfolio
Tuesday April 8, 8:00 pm ET
Smaller, more powerful, carrier class wi4 WiMAX access point (WAP) 450 provides enhanced coverage and capacity

SINGAPORE, April 8, 2008 /PRNewswire-FirstCall/ -- Motorola Inc. (NYSE: MOT - News) announced today that it is expanding the Motorola wi4 WiMAX access point portfolio with the introduction of the new 802.16e Wave 2-ready WAP 450. The WAP 450 access point uses the recently announced 4G common broadband base control unit. The WAP 450 has a smaller common equipment cabinet and a more powerful tower-top RF module that can improve coverage and capacity by delivering up to 10 watts of power output per sector at the antenna port. The 10 watts of power at the antenna port in WAP 450 is comparable to 20 watts or more power of a traditional ground base station which typically looses half of its power in the RF cables. The new product will be available in the 2.3 GHz, 2.5 GHz and 3.5 GHz frequency bands commonly used by WiMAX operators worldwide.

The WAP 450 is WiMAX Wave 2-ready and incorporates diversity antenna techniques which allow the realization of Multiple-Input, Multiple-Output (MIMO) capability offering greater range performance, improved in building penetration along with full mobility support.

With an ultra light infrastructure, highly integrated design, thin fiber connection that eliminates heavy coaxial cables and operates with very low power consumption, the WAP 450 increases the speed and flexibility of installation, and maintains a simple infrastructure design for operators.

"The WAP 450 also provides performance and cost advantages to operators so they can reduce capital and operating expenditures while extending coverage and enabling more data-rich and bandwidth-intensive applications to satisfy their customers' demands," said Adolfo Masini, vice president, Home & Networks Mobility, Motorola Inc.

Motorola's WAP 450 is a carrier class solution that endures network expansion cycles. As the operator's WiMAX network evolves, the dynamic broadband capabilities continue to give operator a high performance not only during the initial coverage stage but also during the capacity & network expansion stage.

High power WAP 450 comes with dynamic broadband capability that mitigates interference, dynamically changes capacity between cell edge and core as network evolves, and gives flexibility of selectable channel bandwidths. The WAP 450 is scheduled to be available in Q4 2008 in the 2.3 GHz and 2.5 GHz bands and Q1 2009 in the 3.5 GHz frequency band.

Motorola's wi4 WiMAX solutions are designed to support fixed, portable, nomadic and mobile applications. Motorola's Flexible wi4 WiMAX Access Point portfolio can be easily configured to support a wide range of coverage, capacity, and application scenarios utilizing an array of options including tower-top and tower bottom power amplifiers, distributed electronics, MIMO and smart antenna techniques.

Motorola currently has 19 WiMAX 802.16e contracts for deployment of various WiMAX solutions in 18 countries worldwide. For more information about Motorola wi4 WiMAX solutions, please visit: http://www.motorola.com/wimax.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com.

MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. © Motorola, Inc. 2008. All rights reserved.




--------------------------------------------------------------------------------
Source: Motorola Inc.


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"Intel is working with Clearwire and Sprint to create a mobile WiMax network across the US. Mr Otellini says he expects to cover "tens of millions" of subscribers in 2008, and more than 100m the next year."
============================================================
Lots of customers for voice-activated MIDs.
:)
GLTA.

pAGE 2.................

Intel chief aims to chip away at mobile market

By Maija Palmer
Tuesday Apr 8 2008 16:45
continued from previous page
Mr Otellini told the Financial Times that Intel chips are likely to be included in high-end, internet-enabled mobile phones as the phone and computer industries increasingly converge.

Two years ago, Intel appeared to throw in the towel on the mobile sector when it sold its handset chip operations to Marvell. Now it is back with a new brand of small, low-energy Atom processors aimed at challenging ARM's dominance.

Mr Otellini says Intel will only target the top 10 or 20 per cent of mobile handsets, which should be highly geared around internet access. He said the company's experience of designing chips that can run internet applications should allow it to succeed where it has previously failed.

"As laptops get smaller and phones get smarter it is difficult to say what is a laptop and what is a handset. You only have to look at the iPhone today to see where the industry is headed," Mr Otellini says. "In 10 years' time, every phone will be like an iPhone."

He believes Intel's chips will bring a consistency to the mobile internet that has been difficult to achieve on ARM-based processors.

"Everyone implements ARM's designs differently. There is no set of software that runs consistently on ARM. Even multiple generations of chip by the same chipmaker run differently."

This means handset manufacturers and mobile phone operators are forced to make constant tweaks to software to get the internet to display properly on mobile phones.

"The idea of constantly having to rewrite the internet to work on these machines is nuts," he says.

In contrast, he claims the Atom chip can run internet programs more easily, because the internet has already been optimised to run on Intel-based machines.

"No one thinks of the internet as a compatibility issue, but it is similar to problems with operating systems. Flash, Java, Ajax, all those programming languages assume there is an Intel-based machine at the end of the chain," he says.

Mr Otellini is undaunted by the company's past failure in the mobile sector. "Some people view persistence as a positive. Last time we didn't know what we were aiming at - was it smartphones or something else? This is aimed at devices with the full internet, not smartphones."

Analysts and industry rivals have remained sceptical, however, of Intel's ability to win market share, and ARM has said the power consumption advantages of its chip designs are still ahead of Intel.

Intel will first include the Atom chips in a new category of "mobile internet devices", halfway between a smartphone and laptop in size, expected to start shipping this year. It will then move on to internet-enabled phones.

"We are creating a category of devices that doesn't exist at the moment, that is why there is appropriate scepticism. But we have already moved on from last year where you would have said 'that is impossible' to this year saying 'hmm, that is interesting'."

At the same time, Intel is pushing WiMax wireless broadband technology as a challenger to the 3G mobile phone network to deliver mobile internet connectivity.

WiMax is seen as a way to deliver broadband internet coverage in areas of the developing world where it is difficult or uneconomical to build a wired internet network. However, it could also be used as an alternative method to deliver data to mobile handsets. Apple's iPhone, for example, allows users to download music using a wi-fi connection, the predecessor to WiMax, which covers a smaller area.

Intel is working with Clearwire and Sprint to create a mobile WiMax network across the US. Mr Otellini says he expects to cover "tens of millions" of subscribers in 2008, and more than 100m the next year.

He also says he wants to retain an interest in Nand memory chip products, which are used in mobile phones and portable media player, despite their precipitous fall in price recently.

"Nand is a platform play for us. It is used both at the low end of smartphones and the high end of servers. It is a way to manage power and save battery life."

However, he added that the Nand operations, which have been put into a joint venture with Micron, would have to reach sustainable profitability. But he declined to specify a timescale in which the venture needed to reach profit.



<< Page 1 Next Top Story >>


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pAGE 2.................

Intel chief aims to chip away at mobile market

By Maija Palmer
Tuesday Apr 8 2008 16:45
continued from previous page
Mr Otellini told the Financial Times that Intel chips are likely to be included in high-end, internet-enabled mobile phones as the phone and computer industries increasingly converge.

Two years ago, Intel appeared to throw in the towel on the mobile sector when it sold its handset chip operations to Marvell. Now it is back with a new brand of small, low-energy Atom processors aimed at challenging ARM's dominance.

Mr Otellini says Intel will only target the top 10 or 20 per cent of mobile handsets, which should be highly geared around internet access. He said the company's experience of designing chips that can run internet applications should allow it to succeed where it has previously failed.

"As laptops get smaller and phones get smarter it is difficult to say what is a laptop and what is a handset. You only have to look at the iPhone today to see where the industry is headed," Mr Otellini says. "In 10 years' time, every phone will be like an iPhone."

He believes Intel's chips will bring a consistency to the mobile internet that has been difficult to achieve on ARM-based processors.

"Everyone implements ARM's designs differently. There is no set of software that runs consistently on ARM. Even multiple generations of chip by the same chipmaker run differently."

This means handset manufacturers and mobile phone operators are forced to make constant tweaks to software to get the internet to display properly on mobile phones.

"The idea of constantly having to rewrite the internet to work on these machines is nuts," he says.

In contrast, he claims the Atom chip can run internet programs more easily, because the internet has already been optimised to run on Intel-based machines.

"No one thinks of the internet as a compatibility issue, but it is similar to problems with operating systems. Flash, Java, Ajax, all those programming languages assume there is an Intel-based machine at the end of the chain," he says.

Mr Otellini is undaunted by the company's past failure in the mobile sector. "Some people view persistence as a positive. Last time we didn't know what we were aiming at - was it smartphones or something else? This is aimed at devices with the full internet, not smartphones."

Analysts and industry rivals have remained sceptical, however, of Intel's ability to win market share, and ARM has said the power consumption advantages of its chip designs are still ahead of Intel.

Intel will first include the Atom chips in a new category of "mobile internet devices", halfway between a smartphone and laptop in size, expected to start shipping this year. It will then move on to internet-enabled phones.

"We are creating a category of devices that doesn't exist at the moment, that is why there is appropriate scepticism. But we have already moved on from last year where you would have said 'that is impossible' to this year saying 'hmm, that is interesting'."

At the same time, Intel is pushing WiMax wireless broadband technology as a challenger to the 3G mobile phone network to deliver mobile internet connectivity.

WiMax is seen as a way to deliver broadband internet coverage in areas of the developing world where it is difficult or uneconomical to build a wired internet network. However, it could also be used as an alternative method to deliver data to mobile handsets. Apple's iPhone, for example, allows users to download music using a wi-fi connection, the predecessor to WiMax, which covers a smaller area.

Intel is working with Clearwire and Sprint to create a mobile WiMax network across the US. Mr Otellini says he expects to cover "tens of millions" of subscribers in 2008, and more than 100m the next year.

He also says he wants to retain an interest in Nand memory chip products, which are used in mobile phones and portable media player, despite their precipitous fall in price recently.

"Nand is a platform play for us. It is used both at the low end of smartphones and the high end of servers. It is a way to manage power and save battery life."

However, he added that the Nand operations, which have been put into a joint venture with Micron, would have to reach sustainable profitability. But he declined to specify a timescale in which the venture needed to reach profit.



<< Page 1 Next Top Story >>


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More Intel(page 2 to follow0.............
============================================

Intel chief aims to chip away at mobile market

By Maija Palmer
Tuesday Apr 8 2008 16:45
Considering that so many personal computers come with a sticker proclaiming there is "Intel (NASDAQ:INTC) inside", it is surprising that this dominance does not extend to mobile phones.

In fact, mobile phones should sport "ARM inside" stickers, as about 98 per cent of handsets globally use chips based on designs by the UK's ARM Holdings, which are known for their economical use of battery power.

Although the US chipmaker has barely any presence in this huge market, which far eclipses PCs in terms of unit sales, Paul Otellini, the chief executive, says this is about to change.



Read More - Page 2 Next Top Story >>


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Apr 8, 2008 - 18 page pdf. Price: $25.00

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TOP STORIESRELATED STORIESOverview: Slowdown in housing drags equities down
Intel chief aims to chip away at mobile market
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Press Release Source: Motorola

Motorola Demonstrates First Public Mobile WiMAX Handoff in Asia Pacific
Tuesday April 8, 4:00 am ET
Demonstration illustrates Motorola's capability to deploy mobile WiMAX technology for operators in the region

SINGAPORE, April 8, 2008 /PRNewswire-FirstCall/ -- Motorola (NYSE: MOT - News) today unveiled the mobile WiMAX experience during an exclusive bus tour at the WiMAX Forum Congress Asia 2008 in Singapore. This is Motorola's first mobile WiMAX demonstration with live handoffs between access points to the public in Asia Pacific. The demonstration marks another milestone as Motorola accelerates the delivery of personal media experience to users in the region.

The demonstration is conducted through a mobile WiMAX network set up at Motorola's facility in Ang Mo Kio, Singapore. Attendees joining the bus tour are able to experience various mobile applications including video conferencing, web browsing and mobile streaming while moving past access point sites along the bus route. Additionally, as the WiMAX connection is extended through an air router, guests will also be able to experience mobile broadband through their own WiFi enabled devices.

"Mobile WiMAX is an essential part of Motorola's portfolio to deliver broadband everywhere enabling consumers to access high speed Internet at home and on-the-go," said Mike Ropicky, senior director of marketing and product operations, Home & Networks Mobility, Motorola Asia Pacific. "Today's demonstration reinforces Motorola's capability in providing and deploying mobile WiMAX technology that is ready for commercial deployment in the Asia Pacific region."

The network infrastructure is powered by Motorola's WAP 400 access points with backhaul provided by Motorola's wireless IP backhaul equipment at the company's facility. During the tour, the signal was seamlessly transmitted and handed off between access point sites, providing an uninterrupted broadband experience to users. Laptops enabled with Motorola's WiMAX PC cards for high speed video were also demonstrated on the bus.

Mobile WiMAX solutions will enable operators in Asia Pacific to provide cost-effective, fast and easy-to-deploy broadband services to fixed, portable and mobile users. Motorola has won numerous commercial contracts and conducted trials across Asia Pacific including the first trial in Thailand with United Information Highway.

The demonstration builds on Motorola's leadership in developing wireless broadband technology. Motorola now has 19 contracts for commercial WiMAX networks in 18 countries around the world. For more information about Motorola wi4 WiMAX solutions, please visit: http://www.motorola.com/wimax.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com.

MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (c) Motorola, Inc. 2008. All rights reserved.




--------------------------------------------------------------------------------
Source: Motorola


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Mariner...interesting, US borrowing from China to finance tax rebates and Chinese companies seeking access to US capital
markets via SIVC.
The global economy is here.
GLTA.

james, it's too big... go to pinksheets.com, enter ONEV,
then on quote page, click on filings.
GLTA.

Wouldn't bet against it!
Guess we'll know soon enough.
:)

Press Release Source: Motorola, Inc.

Motorola Redefines Driving Experience With Smart Rider(TM) In-Vehicle Phone
Tuesday April 1, 8:00 am ET
Fixed in-vehicle device improves enterprise solutions for professional drivers, with interactive voice activation, GPS services and more

LAS VEGAS, April 1 /PRNewswire-FirstCall/ -- CTIA WIRELESS 2008 -- Motorola, Inc. (NYSE: MOT - News) today announced the debut of the Motorola Smart Rider(TM) phone, an innovative in-vehicle solution featuring GPS navigation, interactive voice activation, Bluetooth(TM) wireless technology and exceptional audio quality that's sure to make this phone an integral part of every driver's journey. A unique hands-free solution, the Smart Rider phone uses GSM technology to enhance user experience by ensuring that users can converse, navigate and tend to business while on-the-go.

The Smart Rider increases convenience and quality of communication:

-- Bluetooth(TM) technology allows users to move freely from the home or
office straight into the vehicle while having active calls, contact
information and other personal data automatically transferred from the
handset to the in-vehicle device
-- Multiple user profiles grant secure access to personalized phonebook
settings for up to three drivers on the Smart Rider phone
-- Interactive voice activation makes the phone hassle-free for drivers
-- A robust built-in microphone and speakerphone ensures an exceptionally
clear, sharp sound.


The Smart Rider phone also offers feature-rich GPS services:

-- Turn-by-turn navigation and voice-guided driving instructions
-- Precise on-screen directions and detailed maps on a 2.8" high
resolution, sharp color display
-- Real-time traffic reports and automatic re-routing
-- Enabling of location based services (LBS) and fleet management
applications.


"The Smart Rider is the next generation in-vehicle phone, designed to operate in unison with the user's daily needs and environment. The phone re-defines what communication on-the-go is all about, and the main focus was placed on transforming the user experience. We are confident that the worldwide success of this flagship product will speak for itself," said Golan Haver, business unit manager for Motorola Car Phones.

Availability

The Smart Rider will be sold worldwide and will be available on the market in June 2008.

Motorola at CTIA

For more news and information about Motorola at CTIA WIRELESS, please visit: http://www.motorola.com/events/ctia.

About Motorola

Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com.

MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. © Motorola, Inc. 2008. All rights reserved.




--------------------------------------------------------------------------------
Source: Motorola, Inc.


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(page 2 of 2)

Quite a Payoff
In return for their investments, Google and the cable companies would gain access to an open wireless network that could allow them to reach customers almost anywhere they go. This is particularly crucial for the cable operators, which want to be able to offer mobile Internet services as they compete with new pay-TV offerings from AT&T (T) and Verizon Wireless.

Google, Intel, and the cable companies did not immediately return phone calls seeking comment. Senior executives were expected to fly to Las Vegas for an Apr. 1 news conference at a major wireless industry conference if the deal is completed over the weekend. New Sprint Chief Executive Dan Hesse is scheduled to deliver the opening keynote at that annual show, known as CTIA Wireless.

Hesse has been under pressure from Wall Street to drop WiMax and focus on network and customer service problems that have prompted an exodus of cellular subscribers since the company merged with Nextel in 2005. Officially, the company remains on track to launch the Xohm WiMax service in Chicago, Baltimore, and Washington as early as late April, with nationwide service expected by early 2009.

Intel already has announced plans to bake WiMax into wireless laptop cards by late this year, while Samsung and Nokia (NOK) are expected to demonstrate mobile devices using the technology at CTIA. WiMax aims to deliver Web browsing speeds at least twice as fast, and up to 10 times faster, than the two dominant, third-generation cellular technologies, EV-DO and HSDPA.

But by giving cable companies access to a wireless network, the deal could pose a risk to Sprint's long-term growth prospects. The cable providers are likely to add a wireless laptop option to their bundles of phone, home Internet service, and television services. Analysts also expect them to commission devices that let users tunnel back into the home to view content stored locally on digital video recorders and home computers while they're on the road. Such a move could, in effect, steal customers from Sprint's wireless-only services.

Head Start
On the plus side, Sprint is betting that its big-name backers will help quickly legitimize WiMax and create a giant market for high-speed mobile data services up to two years ahead of AT&T and Verizon. Those two companies are planning their own networks based on a competing standard called LTE, short for Long-Term Evolution. Such a head start could give Sprint a temporary edge over the two rivals that have been stealing its customers. "Sprint is realizing that if you want to be successful, you've got to make a big statement at launch, with lots of marketing that builds interest and excitement," says senior wireless analyst Daryl Schoolar at research firm In-Stat.

For Google, a $1 billion investment in WiMax would represent a pittance for a company with a war chest of $14.2 billion in cash and equivalents. And it would help keep up the pressure on Verizon to make good on its pledge to open its wireless network to outside devices. Google, which hopes to expand its dominance in desktop search to wireless devices, would like to see Verizon's network connecting with gadgets based on Android—a mobile software platform that Google launched late last year.

The proposed partnership may also provide a critical lifeline to Clearwire, which was founded by wireless entrepreneur Craig McCaw. Up till now the company has been aiming to steal business from cable and DSL home Internet providers, a strategy analysts say had little chance of succeeding over the long-term.

Whether WiMax succeeds ultimately will depend on whether there are enough innovative devices and services available by late next year. Samsung, Nokia, Apple (AAPL) and other consumer electronics makers have been eyeing the technology for its ability to deliver video and other data-intensive applications to customers wherever they roam.

Rather than charge consumers for additional data plans, some companies are looking to follow the approach taken by online retailer Amazon.com (AMZN) with its Kindle e-reader. While the device relies on Sprint's network to download content, the purchase price of $399 includes that service. Amazon makes additional money by taking a fee from subscriptions to magazines and newspapers that can be downloaded by Kindle.

No one knows just how much a reinvigorated U.S. WiMax effort would change the competitive landscape. Clearwire, for instance, has reseller partnerships with satellite providers DirecTV and Dish Network. But with new, deep-pocketed allies, the era of the high-speed mobile Internet is likely to come sooner rather than later.

Edwards is a correspondent in BusinessWeek's Silicon Valley bureau.

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close==================================================

From Businessweek.com(page 1)
============================================================
Can Sprint's WiMax Alliance Last?
A partnership with Google, Comcast, and Time Warner—if it works—might finally enable the building of a next-generation wireless network
by Cliff Edwards

It's crunch time, yet again, for Sprint's troubled next-generation wireless network—and the unlikely collection of on-again, off-again partnerships the company needs to get the technology off the ground.

Google and the nation's two biggest cable TV companies are among the investors finalizing negotiations to provide up to $2.5 billion for Sprint and a smaller wireless provider named Clearwire to build the nationwide network, according to a source close to the talks. "The deal is about 90% done," but could fall apart at the last minute before a planned Apr. 1 announcement, this person says.

The proposed alliance with Comcast, Time Warner, and a smaller provider called Brighthouse Networks would revive the cable industry's soured relationship with Sprint, whose financial travails have forced it to find more backing for the new network based on a Wi-Fi relative called WiMax. It would also finally bring to fruition a lengthy dalliance between Sprint (S) and Clearwire (CLWR) that seemed to unravel late last year.

What binds these bedfellows? One motivation is their common interest in forging a bulwark against the biggest and most formidable telecom service providers, AT&T and Verizon.

Joining Forces?
Under the proposed deal, Sprint would spin off its Xohm-branded WiMax business and merge it with Clearwire to create what they hope will be the first company to deliver so-called 4G, or fourth-generation, speeds to mobile devices across the U.S. Sprint and Clearwire have been exploring ways to join forces for such a venture for two years, with the possibilities ranging from simple roaming agreements to a full-fledged merger of WiMax efforts. But to date they haven't been able to agree on funding or management for the $5 billion project.

Indeed, it still wasn't immediately clear whether a Sprint or Clearwire executive would take the lead in Xohm's operations, nor where the new company would be based. But to resolve the financial hurdle, Comcast (CMCSA) may contribute up to $1 billion, with Time Warner (TWX) and Brighthouse Networks contributing lesser amounts.

Google (GOOG), meanwhile, may finally invest real money in a wireless venture after making plenty of noise before a recent federal auction of wireless airwave licenses—only to place a token bid and walk away empty-handed. The Internet search company is in talks to contribute a further $1 billion to Xohm, according to two sources.

And Intel (INTC), still intent on forging a new market for its WiMax chips, may supplement its $2 billion investment in Clearwire with some funding for the joint venture. But Motorola (MOT), another early investor in the technology, is not expected to join another funding round as it focuses on spinning off its troubled wireless handset division from its network equipment business.

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From TheStreet.com ................................

All Eyes, Ears on Vegas Wireless Show03/28/08 - 07:48 AM EDT
ATT GOOG (The Telecom Connection PICK) GRMN INTC MOT S VZ
Gary Krakow

Next week we'll be in Sin City, where it's this country's turn to show off what could be the next generation of cell phones and wireless mobile devices.
Beginning Tuesday, journalists, experts and other industry wags from all around the world will be descending upon the Las Vegas Convention Center for the CTIA Wireless 2008 spring show to see what will be new in the next few months.

The CTIA organization calls the show "the premier global event representing the $500 billion global wireless industry." The people who put on the Global World Congress event in Barcelona, Spain, back in February might have something to say about that claim.

On the other hand, the European show is just for GSM-based phone technologies. It's the dominant wireless force worldwide (and here in this country via AT&T(ATT - Cramer's Take - Stockpickr) and T-Mobile(DT - Cramer's Take - Stockpickr)) but only a small part of the U.S. cellular industry. Verizon and Sprint use entirely different technology to deliver voice and data services.

So, however you measure the success of these types of shows, this one is a biggie: CTIA is expecting more than 40,000 attendees and 1,200 exhibitors -- and hopefully a slew of great things to tell you about.

What we expect:


More News About the Gphone

Gphone devices are based on the Android operating platform -- and backed by a consortium of knowledgeable companies -- led by Google(GOOG - Cramer's Take - Stockpickr), Intel(INTC - Cramer's Take - Stockpickr) and other well-known corporations. In Barcelona we got a few peeks and hints at what to expect from Android/Gphones -- and I'm expecting there will be some more hints this time around.

Android is meant to more than an "iPhone killer" -- it could be the force behind an entire family of wireless products, from smartphones and PDAs to GPS devices, tablets and even laptops -- and it could produce an earthquake-like chain of reactions in many interconnected industries.


Other New Designs

In Barcelona, we got to see the first cell phones to run a wireless, cellular-based Skype client. I expect we'll be hearing and seeing a lot more about those items.

Also, brace yourself for more news about the coming Garmin(GRMN - Cramer's Take - Stockpickr) nuvifone. We got to see a few of them last month, but they were mostly under glass -- literally. We weren't really allowed to play with them or even touch them. I expect that, six weeks later, we might get a chance to actually handle a sample.

There should also be a bunch of new handsets from the big wireless providers Verizon(VZ - Cramer's Take - Stockpickr), Sprint(S - Cramer's Take - Stockpickr), AT&T and T-Mobile.

And I'm sure we'll be able to find some interesting new designs to tell you about, courtesy of some of the smaller handset makers.

We'll be looking in all the nooks and crannies.

Recent Headliners
And we'll be checking out some of the companies that have been in the news lately -- but for all the wrong reasons. I plan to check out offerings from Sprint and Motorola(MOT - Cramer's Take - Stockpickr), among others, to see what they're planning for the near future.

We plan to be very busy next week keeping you informed of all the news from the show. TheStreet.com's coverage begins first thing Tuesday morning, April 1.







P.S. GET $100 OFF RealMoney. 3 DAYS LEFT.

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Gary Krakow is TheStreet.com's senior technology correspondent.


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*Oil Data in Market Overview is Brent Crude Pricing

s Sale of NE OK Leases to DVFI
Wednesday March 26, 5:55 pm ET


TULSA, Okla.--(BUSINESS WIRE)--Well Renewal, Inc. (Pink Sheets: WRNW - News), an emergent diversified oil and gas regional operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, and oil field services, is announcing that it has rescinded the sale of 74 wells and 6 leases in Northeast Oklahoma to Diversified Oil and Gas Holdings, Ltd. (DVFI.PK) as previously announced on October 25, 2007. The officers and directors of Well Renewal approved the rescission of the agreement with DVFI for the reason that it is in the best interest of Well Renewal and its shareholders. All stock issued or transferred as part of the transaction with DVFI will be returned to the original owners and title to the leases at issue will be returned to Well Renewal as soon as practicable. WRNW plans to begin reworking and reconditioning several of the leases in late 2nd quarter.
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WRNW CEO David Rees said, “This rescission is in the best interest of WRNW. WRNW did not receive the necessary documentation and information required to complete this transaction, and after numerous failed requests to DVFI since last October, we have rescinded the transaction.”

About Well Renewal, Inc.

Well Renewal, Inc., headquartered in Tulsa, Oklahoma, is principally engaged in oil and gas exploration, as well as enhancement and recovery of abandoned and low production oil properties, and oil field services, and is actively acquiring businesses in the oil and gas industry.

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.



Contact:
Well Renewal, Inc., Tulsa
David Rees, 918-585-5101
info@wellrenewal.com

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