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Sorry about that, just thought I heard he had left to pursue other business opportunities.
So Molen is still there! What did he say in his presentation?
It seems we are not going to be commercial by before end of 2005 so we are NOT going to have to pay extra 200 mill. (presplit) shares to Stratodyne and (Old) Sanswire. Are we really unhappy that we have delays? And Molen is out! Seems we have bought Strat for 28 mill. shares (pre-split) which is 1.9 mill. shares (post split), that is appx. 4 mill USD.
From the 10Q:
"Contingent Consideration - Sanswire Asset Acquisition
In accordance with the Sanswire and Stratodyne agreements a total of 28 million
shares (before the 1:15 reverse stock split) were issued, as discussed in our
December 31, 2004, Form 10-KSB. On February 5, 2005, GlobeTel filed a
registration statement to register shares associated with these agreements. An
additional 200 million (13,333,333 after 1:15 reverse stock split) shares were
to be issued pursuant to the terms and conditions of the "successful commercial
launch" of a commercial communications platform aboard an airship developed by
Sanswire and Stratodyne by the December 31, 2005 closing date. The Stratodyne
agreement provides that 50 million (3,333,333 after 1:15 reverse stock split) of
the 200 million (13,333,333 after 1 to 15 reverse stock split) additional shares
will be issued to Stratodyne or its assignee(s) and the remaining 150 million
(10 million after 1:15 reverse stock split) shares to Sanswire Technologies,
Inc.
For purposes of the Sanswire purchase agreement, a "successful commercial
launch" was to be deemed to have occurred if all the conditions in the agreement
have been satisfied and all other conditions deemed material by GlobeTel are
satisfied, as determined by GlobeTel in its sole discretion. A "successful
commercial launch" will occur if (i) an airship (dirigible) is flown for a
period of 90 consecutive days at an approximate altitude of 70,000 feet, without
technical difficulty, (ii) a customer is able to receive both voice and Internet
services at the same time when it uses the "Stratellite service", at a
customer-premises equipment (CPE) cost of approximately $100, and (iii) at least
250,000 paying customers must be able to use the Stratellite service based on
agreed upon engineering specifications. For these purposes, it is also assumed
that the cost of each airship used in the Stratellite service will not exceed $3
million, the cost of each tracking earth station will not exceed $7 million and
that each earth station (if more than one) will have the ability to cover
several deployed airships at one time. If the cost of any airship or earth
station exceeds $3 million or $7 million, respectively, at the time that the
"commercial launch" is being implemented, the project will not be deemed to be
commercially viable and a "successful commercial launch" will not have occurred.
An amended agreement modified the definition of a "successful" commercial launch
by eliminating the CPE cost provisions described in (ii) above, and eliminated
all of the provisions of (iii) above, except that it is assumed that the cost of
each airship used in the Stratellite service will not exceed $3 million. The
other provisions above remain the same in the Stratodyne agreement.
As of to date the conditions precedent to the entitlement to the issuance of the
additional shares have not yet been fulfilled."
Ok, thnx Rocky
Got this message of RB via Yahoo. It states that authorized shares were kept at 1,5B even after split? Is this really true.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=3750000110&tid=gte&sid=3...
Sorry if this has already been taken care of on this board, but I'm still confused.
Lithium Technology Corporation Receives Purchase Order to Provide High Performance Battery for Communication 'Stratellite'
6/22/2005 8:00:37 AM
PLYMOUTH MEETING, Pa., June 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Lithium Technology Corporation ("LTC", "The Company") (LTHU), a leading participant in the rapidly emerging large format rechargeable lithium battery market, announced today that Sanswire Networks, LLC, a wholly-owned subsidiary of GlobeTel Communications Corporation, has placed an order for two 17.3 kWh batteries to be used for testing purposes in its prototype high altitude airship (HAA) which aims to replace communication satellites. Each of the batteries is comprised of 4 modules (capitalizing on the design flexibility) to distribute the weight throughout the framework.
A Sanswire Stratellite(TM) is a HAA that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.
The Stratellite is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. One Sanswire Stratellite will provide line of sight to a 300,000 square mile area, approximately the size of Texas.
Each solar-powered "Stratellite" will require four battery modules to store energy during the day in order to provide uninterrupted transmission of communication signals at night. LTC is designing and building these modules using its large format cylindrical 60Ah cells. Sanswire has identified commercial cell phone service opportunities and has drawn the attention of the US military which has an independent HAA development program.
"We are very excited to be participating in this project with Sanswire," said Andrew J. Manning, LTC's Chief Technology Officer. "We believe that the power output, weight characteristics, and flexible form factor offered by our batteries make them particularly well-suited to meet Sanswire's needs," Manning added.
About Lithium Technology Corporation:
LTC produces unique large-format rechargeable batteries under the GAIA brand name and trademark. The Company supplies a variety of military, transportation and back-up power customers in the U.S. and Europe from its two operating locations in Plymouth Meeting, Pennsylvania and Nordhausen, Germany. For additional information on the Company's technology and products, please visit http://www.lithiumtech.com or http://www.gaia-akku.com.
About Sanswire Networks, LLC:
Sanswire Networks is a wholly owned subsidiary of GlobeTel Communications Corporation, a publicly traded company whose shares are listed on the American Stock Exchange.
For more information on Sanswire please visit http://www.sanswire.com.
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel Communications Corporation can be found by visiting http://www.globetel.net.
The foregoing information contains forward-looking statements, which involve risks and uncertainties relating to such matters as financial performance, technology development, capital raising, business prospects, strategic partnering and similar matters. A variety of factors could cause LTC's actual results and experience to differ materially from anticipated results or other expectations expressed in these forward-looking statements. This notice does not constitute an offer of any securities for sale.
SOURCE Lithium Technology Corporation
William Hackett, Chief Financial Officer of Lithium Technology Corporation,
+1-610-940-6090
I agree
The interview with Huff at AMEX was their best public appearence so far.
Will GTE spin off Sanswire?
Noticed the Yahoo finance profile (BUSINESS SUMMARY) on GTE doesn't include the Sanswire describtion anymore.
What will be the implication if GTE lists Sanswire under its own trading symbol, in order to raise the capital needed for the airship project. Will GTE shareholders loose out or should we be super happy if this happens?
Are we still in 100% if GTE ends up owning 51% or more. And are we out if GTE ends up owning less than 50%?
Any thoughts?
Motley Fool and Wimax
Rich Dubrey wrote this article about investing in Wimax. He didn't mention GTEL so I e-mailed him and told him about GTEL and Strats. Here is his reply:
Fra: Richard Duprey [mailto:foolishcop@hotmail.com]
Sendt: 21. april 2005 14:35
Til: Søren Alminde
Emne: Re: Comments on: Waiting for Wimax
Soren Alminde,
Thank you for your note and the the information on stratellites. I have only just become aware of this new "technology" as it was being discussed on the discussion boards of one of the Motley Fool's newsletters "Hidden Gems." I plan to keep an eye on this development because it does seem to be interesting, and certainly would seem to be a more low-cost way of providing coverage. Thanks again for your note.
Rich
Here is his article:
http://www.fool.com/News/mft/2005/mft05042014.htm?logvisit=y&source=estmarhln001999&npu=y
Waiting for WiMax
By Rich Duprey (TMF Cop)
April 20, 2005
Think of it as "broadband on steroids." The primary benefit of the emerging technology known as "WiMax" will be that it untethers everyone from their computers while bringing high-speed Internet access to rural and suburban areas. The industry has been waiting for the deluge for some time now, and the floodgates should open with Intel's (Nasdaq: INTC) release of its WiMax "Rosedale" chip on Monday.
The current standard, known as Wi-Fi, allows computer users to go cordless for up to 300 feet. That limiting factor generated a proliferation of various Wi-Fi "hot spots," like Internet cafes, for mobile users to stop in and access the 'Net while sipping on a cup of joe. WiMax, however, will allow such access to the Internet from a distance of several miles. In rural areas -- think of the vast plains across our nation's "bread basket" states -- that range can possibly extend for as many as 30 miles.
WiMax is short for "Worldwide Interoperability for Microwave Access." It offers the high speeds associated with broadband Internet access, wireless connectivity like Wi-Fi, and broad coverage similar to what cell phone users have. Turn on your mobile PC, and you'll be instantly connected to the Internet at speeds of up to 70 megabits per second. Even after the signal is divided up between various home and corporate users, it will still surpass data transfer rates that cable modem users experience.
Cost remained one of the last hurdles to the proliferation of WiMax. Intel's Rosedale is priced at $45 each per 1,000 chips ordered, an amount that's expected to exponentially speed up their adoption. Another potential problem is compatibility. The Institute of Electrical and Electronics Engineers (IEEE), the group that sets industry standards, wants to ensure that WiMax equipment works together. A forum to address just that was postponed from January to July. But even with the high cost and potential snags of possible incompatibility, investors can start looking into ways of profiting from the coming boom.
A number of gear makers already exist, and they're producing equipment. Telecom equipment maker Alvarion (Nasdaq: ALVR) has signed on Alcatel (NYSE: ALA) and Lucent (NYSE: LU) as resellers of its WiMax equipment and has demonstrated the capability of its equipment using the Intel chip. It is the industry leader, focusing on selling gear to carriers. Airspan (Nasdaq: AIRN), a provider of wireless voice and data systems, has also been in the forefront of WiMax and has worked with Alvarion to ensure that its equipment is compatible.
Other vendors that will use the Intel WiMax chip in their equipment include Siemens (NYSE: SI), tiny Proxim, Redline Communications, ZiMax Technologies, and China's Huawei Technologies.
WiMax also has the potential to upset the apple cart in phone service. A California ISP is testing a WiMax VoIP system, and carriers like AT&T (NYSE: T) are investigating WiMax as way of getting around paying local carriers -- currently a $10 billion expense, the company says -- for last-mile access to customers.
WiMax has been a long time coming, and now that it's here, we will have to wait just a bit more. Still, now might be just the time to build an ark of opportunity as the waters prepare to rush in.
Dial in to these related Foolish articles:
Intel Buys Growth
Buying Into Wireless Broadband
Wal-Mart on the Line
Intel Deal Revives Proxim
Fool contributor Rich Duprey does not own any of the stocks mentioned in the article.
About Intel:
Old news from Oct 25 2004, but shows that Intel makes strategic investments in WiMax via its Intel Captital. Here it is a USD 150 million investment. Also I think on Monday Intel will launch their Rosedale Wimax on chip.
http://www.intel.com/pressroom/archive/releases/20041025net.htm
Intel, Clearwire to Accelerate Deployment of WiMAX Networks Worldwide
Companies to Advance Broadband Services through Joint Technology Development and Investments
CTIA IT & Entertainment, San Francisco, (Oct. 25, 2004) - Intel and Clearwire, Craig McCaw's wireless broadband services company, today announced they will jointly develop and deploy wireless broadband capabilities using WiMAX networks.
As part of the collaboration, Clearwire intends to deploy WiMAX networks using wireless broadband equipment from NextNet Wireless (a Clearwire subsidiary) that includes future Intel silicon products. The joint development agreement with Clearwire is for future products supporting the upcoming IEEE 802.16e standard for WiMAX solutions found in both infrastructure equipment and notebooks. WiMAX is an emerging wireless standard that promises to provide high-speed broadband connectivity in both fixed and mobile wireless networks.
The agreement also involves a significant investment in Clearwire from Intel Capital, Intel's strategic investment program. The investment is part of Intel Capital's strategy to invest $150 million in wireless technology to help accelerate adoption of high-speed wireless networks worldwide. Specific financial terms of the investment were not disclosed.
"WiMAX technology has spawned a global community that continues to gain momentum, and we as an industry have achieved some important milestones this past year," said Sean Maloney, Intel executive vice president and general manager of the Intel Communications Group. "Today's announcement is particularly important. Carriers, equipment makers and solution providers around the world are moving quickly to lay the foundation for building this new global network.
"Craig and his team have helped shape the communications industry over the past two decades. Their vision, energy and leadership will help us achieve the promise that WiMAX technology offers: widely available, high-speed wireless connectivity using extremely high volume low-cost technology based on open standards."
"Today's announcement marks the beginning of an important relationship to accelerate the delivery of broadband services to people across the world," said Clearwire Chairman and Chief Executive Officer Craig O. McCaw. "Intel is a leader in the development of WiMAX technologies. And while we have a tremendous amount of work ahead of us, we are encouraged by our early market deployments - both at Clearwire and with our friends at NextNet. We are seeing a positive response to the enormous benefits that wireless technology provides in giving people the power that comes from access to information."
The collaboration with Clearwire is the next step in Intel's continued development of WiMAX technology beyond "Rosedale," its upcoming wireless broadband chip for WiMAX* products based on the IEEE 802.16-2004 standard (previously known as IEEE 802.16REVd). Rosedale is Intel's first "system-on-a-chip" solution for cost-effective customer premise equipment (CPE) supporting that early standard.
In addition, in August, Clearwire launched its first broadband wireless network in Jacksonville, FL. The network, using NextNet technology, is a precursor to upcoming WiMAX networks and uses technologies very similar to WiMAX and offers comparable features that are expected to be available in a full-scale WiMAX network. It provides high-speed broadband wireless service throughout most of the greater Jacksonville area. Customers of the Clearwire network in Jacksonville simply connect their computer to a NextNet modem with an Ethernet cable, power it up and receive Internet access anywhere within the Clearwire coverage area. No software installation or system configuration is required.
Since last summer, Intel, Clearwire and NextNet engineers have been working together to develop, test and deploy WiMAX base stations and customer premise equipment designed and built by NextNet based on Intel silicon, making NextNet among the first vendors capable of delivering WiMAX infrastructure.
About Intel and Intel Capital
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital.
About Clearwire
Clearwire is a provider of reliable, wireless, high-speed broadband Internet service to consumers and small businesses. Clearwire is utilizing next-generation non-line-of-sight wireless technology to connect customers to the Internet using radio spectrum, thus, eliminating the confines of traditional cable or phone wiring. The tower transmits radio signals from a base site to a small, wireless modem, the size of a paperback book, which easily connects a user's computer to the Internet. For more information, visit www.clearwire.com.
About NextNet® Wireless, Inc.
NextNet is the industry's most widely deployed provider of NLOS plug-and-play broadband wireless access systems. The company was founded in 1998 and acquired by wireless pioneer Craig McCaw in early 2004. NextNet's Expedience® system is deployed today in cities throughout Asia, Africa, North America, Latin America, and Mexico, where NextNet is the exclusive NLOS plug-and-play system supplier for MVS Comunicaciones, Mexico's largest MMDS carrier, with licensed spectrum covering 67 million potential subscribers. In the USA, NextNet's Expedience solution is deployed by Clearwire and other regional ISPs in Arizona, Florida, Iowa, Michigan, Minnesota, Nebraska, New Mexico, North Carolina and Ohio. NextNet is also the exclusive NLOS plug-and-play system supplier for the Canadian joint venture of Inukshuk, Allstream, and NR Communications, which holds licensed spectrum covering 30 million Canadians. NextNet is a principal member of the WiMAX Forum™. For more information, visit www.nextnetwireless.com.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
belhaaco, thanks for the info on MCEL! Couldn't the future for this company look a lot brighter with Strats deployed?
Tony1Pass1, I don't know. I'm not an expert here. Newer tried a satelitte phone before. I'm not saying it couldn't work with current batteries, but just had an idea that it will be better to have new types of power for wireless devices doing broadband. I mean a laptop can only run for 4 ours on a battery. What if I went on a hike bringing my laptop and needed to stay out and being connected for 4 days.
Also think about future combat PDA's for soldiers etc.
With the Strat soon to deliver true Everywhere Wireless Broadband, the next thing we need is a way to power our phones, PDA's and laptops. We need more power to do "longdistance" wireless communications between our devices and the Strat than is possible with the batteries available today. If we are to be truely wireless.
Does anyone know the status of new battery forms, fuel cells, microgenerators etc that could help us. And is it possible to invest?
For an example see:
http://www.extremetech.com/article2/0,1558,1761229,00.asp
I think today the market is not very interested in these new power forms, because it's use is pretty limited. But if we suddenly had wireless broadband everywhere and you needed a small "powerbox" in addition to your PDA/Laptop to make the best use of it, wouldn't such a powerbox suddenly be extremely attractive?
Exposure.
The link below shows how much traffic was generated to the www.sanswire.com website. Look at the explosive growth since the viewing and exposure in the news.
http://www.alexa.com/data/details/traffic_details?&range=6m&size=large&compare_sites=&am...
When it flies the share will explode.
TonyPass1,
I think I'll try the officechair with wheels first before I'm convinced. LOL.
Ecrich and Rocky,
I heard that on the videoclip too. I will feel much better when this namechange is done. It's been nagging me for months and months.
To Rocky: I know it dosn't make sense with the facts onhand, I just really do not like the namechange issue not being resolved. If I were Huff and GTEL I could never accept this.
Lets not waste more time on this. We just have to wait and see.
TonyPass1,
yes I know how a sail works. But "sideways lift" won't it just make the airhip go sideways. On a ship, if you remove the daggerboard/keel will the ship be able to sail angled upwind? Don't we need sideways "resistence" from the water. If a boat just floated on top of the water (actually flying then), will it be able to sail upwind. I don't think so. Will it?
If you mount a mast and sail on an officechair with free spinning weels, would you be able to "sail" it upwind on the local parking lot? Will it go sideways?
Rocky - I already know these facts. Thanks for pulling them up again for my review. It puzzles me why GTEL haven't forced SNWR to change their name. The deal is done, they bought the name, but SNWR won't let go. I really don't get it. Maybe I'm just paranoid.
Tomy1Pass1,
Great thinking! But is it possible to sail an airship upwind at some angle like a ship? I mean a ship needs to push sideways on the surrounding water in order to move forwards. An airship do not have surrounding water but only air. Wouldn't the airship just drift sideways or almost just sideways?
Sanswire
as long as the company doesn't make the name change I'm not confident. Part of the deal was that Sanswire Technologies (SNWR) should change it's name to avoid confusion with the Globetel owned Sanswire Networks. Sanswire Technologies announced the namechange 3-4 months ago but nothing happens. We still have two Sanswire companies which is really really bad for PR and confidence.
A simple thing as a namechange could be done in a few days. But they don't. They just keep the same name of a company about to change the world even though they sold all of their assets and name to GTEL. How can GTEL allow this? Is it because GTEL has not lived up to thier part of the deal and therefore can't force SNWR? And if something is wrong in the deal, is the Strat ownership then secured to be GTEL's? Are GTEL rebuilding the Stratellite from "scratch" not using anything from Sanswire and therefore owns it without paying SNWR? I'm confused.
Re: Vern Koenig.
Could all this be due to the fact that Vern had to/were forced to leave the company and GTEL had to start all over with a new design. I mean they couldn't use Vern's design as they would risk getting patent/inventor problems later on.
It would explain:
- the "new" look of the Stratellite that has popped up lately in artists drawings.
- the Stratellite being delayed.
- statements by GTEL that they have only been building it for three weeks! We all saw the pictures with Vern and parts of the Strat 3-4 months ago.
Why did Vern leave? Did he get greedy? What? Hopefully GTEL will answer this in the next status update.
Where is Vern now? Is he working at Lockheed? Others? Where did he take his inventions?
Stratncash - I hope you succeed in bashing the share down for the next weeks or so. I'll stick to my 1 million shares and be buying more. LOL.
EMK - I think with the proper PCMCIA card (with built-in antenna) a laptop should be able to communicate directly with the Strat. Like it's done with WiFi- and Bluetooth-cards today. Later on Intel could build it on a chip and all laptops would be ready for Strat without any extra card. JMO.
I see no reason why this would not be possible.
sinful, there are many possible explanations:
(1) They might build different types of Strats. One maybe for commercial uses. Another maybe for specialized military uses. Maybe a military one could fly faster and thereby be deployed faster and in rougher conditions. Maybe it will use more power and can't stay up as long. Mayby it needs more payload to carry military equipment not neccesary on the commercial one. Stealth functionality and on and on ....
(2) This is a new technology and has to be perfected on an ongoing basis. Staying up longer time, faster deployment times for a replacement, more secure control systems etc etc.
Are there any people left at NASA now? lol.
There has to be an announcement of contracts between Globetel/Sanswire and NASA coming up soon. When?
ineedtoknow and Rocky
I fully understand why ineedtoknow published the article. It is relevant because it is yet another way the Strat could be usefull - delivering broadband to cars.
The future belongs to anywhere wireless broadband. If it works this will not just have a big impact on telecommunications (and army), but it will change everything. As soon as tech and content companies see this opportunity arising, so many new products and services will pop up. New opportunities means big bucks. Bill Gates once wrote a book that described how the information highway will change our world. Now it can actually come true. The Strat could be the one technology that enables the "real" information highway (read wireless, available anywhere, at your fingertips).
Anywhere Wireless Broadband will be as important to the economy as oil is today for factories.
With a succesfull Strat, more people will start to realize this and treat this stock completely different. IMHO
As I recall someone one this board had access to GTEL/Huff, that is he could actually send e-mails to Huff and get an answer.
Could this someone please make GTEL/Huff aware of this UK based company:
http://www.sarantel.com
it produces some new and revolutionary antennas for mobilephones and WiFi etc. It could be what we need to hook any clientdevice (PDA, Laptop, Mobile phone etc) up directly to the Strat.
Pick the one, it has always been the plan to have batteries to deliver the power during the night. Anyway that is how I see it. All serious research articles about HAPs mention this as the solution.
Danman48, I did the search too some months ago. It doesn't mean they haven't applied for a patent. I think there is a 12 month period before any application (granted or not) is released into the public (databases).
Finally something that makes me belive that the Stratellite (at least parts of it) are being patent protected by GTEL:
From the update:
"Vernon Koenig, chief engineer and inventor of the airship"
It states "inventor", which means that the Stratellite is unique and they will have this patented and protected.
This is for me very important as they can better keep the competition behind them for a longer time. It cannot easily be copied.
Here is another use of the Stratellite using Microsoft Internet Protocol Television Edition software platform.
All the building bloks are there. Please get those Strats up there NOW!
"Verizon picks Microsoft to provide software for new TV offering
By MarketWatch
Last Update: 5:14 PM ET Jan. 28, 2005
NEW YORK (MarketWatch) -- Verizon Communications Inc. (VZ) said Microsoft Corp. (MSFT) software will drive the television service it will begin offering customers later this year over its new fiber-optic network.
Verizon and two of the other three Baby Bell telephone companies, BellSouth Corp. (BLS) and SBC Communications Inc. (SBC), are rolling out high-speed fiber lines in a bid to compete with cable television companies.
Microsoft has emerged as the leading software provider for these TV networks, proving the interface for on-screen programming guides and digital video recording. SBC agreed in November to use Microsoft's software, and BellSouth is testing it out.
Verizon's FiOS TV service won't use the full breadth of capabilities of Microsoft's Internet Protocol Television Edition software platform, however, said Emilia Palaveeva of Microsoft's public relations firm Weber Shandwick. Eventually, Microsoft aims to implement for Verizon a service on par with SBC and BellSouth's.
Verizon said the precise features FiOS TV will offer haven't been set. However, potential features include personalization of the programming guide and allowing customers to display photos or play music stored on their personal computer. "
cabvineyard, thanks!
Any of you have the possibility to keep an eye on the Wall Street Journal for the next days, as there might be something about the Stratellite?
beda, great you could attend.
Was the presentation only about the Stratellite?
How was the reaction in the crowd? Did it sound convincing?
Did he talk about all the challenges of building a Stratellite?
Did he talk about solar cells on top of the airship?
Did he talk about how they will power the ship during the night? (fuels cells/batteries)?
Did he talk about keeping it stationary using GPS and onboard computers?
Did he talk about the prototype and limitations compared to the final version?
Did he talk about both military and comercial applications of the Stratellite?
Very curious here :))
This is just a feeling, but I think this stock is VERY heavily shorted. GTEL has been on the SHO list for 5 days and is now officially a naked short stock. The kind of trading seen for the past 12 months, everytime it started to rise it got shot down immediately - not just one, two or three times - it's everytime.
Shares that needs to be covered within the next 13 days, could be a very large number, maybe hundreds of millions. The MM's coudn't do it before - even though the have known the new rules for some time, and have had plenty of time to cover the stocks before now.
It makes no sense that this share doesn't go up (and now even goes down) with all the good news for the past days - and the BIG potential of the Stratellite. With all the stocks you can choose from on the OTC BB, why choose someone like GTEL to short when they have so much upside with the Strat?
Looking forward to watching the price movements and volume for the next 13 days! We could get an explosion even before the Strat have been launched. And I would laugh all the way to the bank.
America needs the Stratellite to work - and soon:
Nortel CEO Urges U.S. Government to Adopt ``Extraordinary Measures'' to Help Accelerate Broadband Deployment in Rural America
1/13/2005 4:03:13 PM
WASHINGTON, Jan 13, 2005 (CCNMatthews via COMTEX) -- Rural America faces a new economic threat and risks being left out of the new Information Economy unless government adopts measures to accelerate the deployment of broadband across the country, Nortel (NT)(CA:NT) President and Chief Executive Officer Bill Owens said at a policy luncheon earlier today in Washington.
The Capitol Hill event also featured Commissioner Kathleen Abernathy of the Federal Communications Commission (FCC) and David Hudgins, chairman of the Mid-Atlantic Broadband Cooperative. Attended by more than 100 government officials, congressional staff members and business leaders, the event was the latest in a series of seminars convened by Nortel to promote dialogue on key policy issues.
"Information and technology are increasingly becoming integral parts of the national and global economy," Owens said. "If rural America does not have ready access to this information and the infrastructure on which it is delivered, we will see the gap in opportunity and prosperity widen between rural and urban America."
"The federal government, communities and industry can help alleviate this potential threat by adopting creative and extraordinary measures to help accelerate the deployment of broadband across the country, particularly in rural areas that can be more expensive to serve. While I recognize that the FCC and Bush administration have made broadband deployment a national priority and taken needed steps, there is still more that should be done," Owens said.
Nortel believes the United States should have eight top priorities for rural broadband deployment:
-- Creation of a federal regulatory framework for broadband to remove the uncertainty which deters carrier investment
-- Setting a goal to bring at least 10 to 20 Mbps of bandwidth to every subscriber in America in the near term and 100 megabits within the next decade
-- Providing tax incentives to carriers to invest in broadband infrastructure
-- Supporting development of wireless and other technologies for rural broadband service
-- Allocating tobacco settlement and other government funds to support deployment of broadband in rural areas
-- Employing multiple channels to enhance the skills needed by rural citizens to get the most out of broadband for improved healthcare, education, business, commerce and quality of life
-- Building government/community/industry partnerships to create new services and applications
-- Fostering commitment in rural communities to deploying services and applications in a way that will move local economies
In her presentation, Commission Abernathy discussed the regulatory challenges facing the United States in realizing its broadband vision.
"The FCC and the Administration have made it a national priority to facilitate greater broadband deployment, and this goal is nowhere more critical than in rural America," Abernathy said. "Broadband technology can enrich our lives by creating new economic opportunities, improved education and health care, and many other benefits. The Commission therefore has worked hard to encourage increased investment in wireline and cable networks, to allocate additional wireless spectrum and grant increased flexibility to licensees, and to encourage the development of new broadband services over satellites and power lines. We will continue these efforts and more in the coming year."
Hudgins discussed the work of the Mid-Atlantic Broadband Cooperative.
"As global competition continues to impact our manufacturing in Virginia, we look to this broadband deployment to bring in the 21st century companies whose jobs will not be off-shored," Hudgins said. "The Mid Atlantic Broadband Cooperative is the owner of an advanced 700 mile open access world class network. We will change the economy of southern Virginia for the better."
It's the duty of all americans to buy shares in GTEL:
""We are also extremely excited to have the opportunity to be of service to our great country, while continuing our quest to improve communication capabilities globally and create shareholder value, as I mentioned in my recent Letter to our Shareholders."
Supporting here from Europe!
Soren, Copenhagen, Denmark
overadollar, I think you are right. A potential contract with the military could lead someone to believe that this would get a higher priority than the commercial side, and that it could at least short term delay the commercial rollout. Huff states that this is not the case, and that he believes that military involvment will actually speed up the commercial launch - not delay it.
AMEX and major funding needed?
From the part that was removed from the letter:
"By moving to the AMEX, common stock would be the commonly used capital tool of the company rather than preferred shares that were used in the OTCBB and we will be able to acquire the substantial major funding needed now that our projects are being rolled out."
I noticed: "major funding needed now that our projects are being rolled out."
What does this mean? Are they going to issue a lot of new stocks moving to AMEX?
bltra, just a history post here from Copenhagen, Denmark.
Has any of you guys ever heard of a danish guy with the name Ellehammer?
He used to make motorcycles as well - and used the engines to put into aeroplanes to be. He flew his airplane on a field outside Copenhagen, just one week after the Wrigths brothers first flight. His wife got sick and he postponed that flight attempt !!!!! So he was second in the world and nobody (except us danes) know of him. Gotta be first!!
Rocky: thats perfect. Guess we have to help GTEL create headlines lol.