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DUDE. NO SUPPORT TIL $1.42.
Resistance & Support Areas Over the past 8 months. Resistance/Support Movie Resistance/Support Help
Type: Number of times a stock has stopped at a resistance/support area, the more times the stronger the area.
Stength: Amount of volume occuring at resistance/support areas, the higher the more significant the area.
CURRENT PRICE 1.78, just below support, 1.9 ± 0.1, type single, strength 1
RESISTANCE ABOVE +6.7% at 1.9 ± 0.1, type single, strength 1
+21.9% at 2.17 ± 0.12, type triple, strength 7
+30.3% at 2.32 ± 0.13, type single, strength 5
+41.6% at 2.52 ± 0.14, type double, strength 9
+51.1% at 2.69 ± 0.15, type double, strength 7
+68% at 2.99 ± 0.16, type single, strength 2
+84.3% at 3.28 ± 0.18, type triple, strength 10
+97.8% at 3.52 ± 0.19, type double, strength 10
+119% at 3.89 ± 0.21, type single, strength 8
SUPPORT BELOW -20.2% at 1.42 ± 0.08, type double, strength 2
-30.3% at 1.24 ± 0.07, type double, strength 2
Bottom is $1.14. Next stop $1.42 then $1.24 and then $1.14 as double bottom.
How do you firgure $1.50? There is no support until $1.42 so you should expect the PPS to stop there temporarly. If no news and more delays among with Huff's BS $1.14 will be seen again. Double bottoms ($1.14)are always seen in stock trading and especially GTE will see it. I promise you that so it's all up to Huff. Go ahead blame him as this is all his thought.
http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=sample&symbol=GTE&93293#ttop
$1.90 SUPPORT GET BROKEN. NEXT STOP $1.42
Support of $1.90 got borken and there is no support til $1.42
That's GTE next stop. Notice also there is high volume alert which means more Pain tommorow.
http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=sample&symbol=GTE&93293#ttop
THE HOUSE OF PAIN to $1.14
Soon $1.14 will hit. Everything in indicators still says that downtrend will continue. DI- just went up and aroon red is staying up.
http://stockcharts.com/h-sc/ui?s=GTE&p=D&yr=0&mn=3&dy=0&id=p49365379800
Rruder who are you kidding !!!
<The winds of the stock manipulation crackdown regarding hedge funds and media complicity are blowing all around Wall Street.>
The only person that is "manipulating" stock is Huff and Globetel with BS press releases from which nothing ever pans out as also Motley Fool article pointed out for you.
How was it "slanted". Seth backed up his opinion with Huffs quotes and 10K files by Globetel. That's like finding murderer's DNA at crime scene with fingerprints on the gun he left behind. What more do you need to convict Huff and company ??? I'm listening cause everything i say makes sense.
Can you read Press Release ? I've been trying to tell you this for a while right now. If you would have read it you would know that everything that is written by Sefh is true. If not then i'm here to debate your point.
http://www.investorshub.com/boards/read_msg.asp?message_id=10634295
The GlobeTel Silent Treatment By Seth Jayson (TMF Bent)- Motley Fool
April 11, 2006
The silent treatment
Florida's been providing me with a lot of interesting reading lately. Last week, the first bit was a letter sent to me by a lawyer for GlobeTel (AMEX: GTE). In it, he tells me that GlobeTel "in order to protects [sic] its interests and those of its shareholders, will no longer continue to communicate with you."
"Accordingly," it continues, "this will constitute a formal request that you immediately cease-and-desist from any further communications or inquiries ... GOVERN YOURSELF ACCORDINGLY."
That's a pretty ironic request, given that GlobeTel CEO Tim Huff has previously complained that I didn't try hard enough to talk to him. The real problem, of course, is that I ask hard questions, unlike some of the GlobeTel PR regurgitators and apologists out there in the press. That's because it's my job to look out for investors, and I think GlobeTel is one of the worst investment ideas out there.
But after reading GlobeTel's latest annual report, it's easy to see why the company would want to instill an official silent treatment. In past conversations, CEO Tim Huff seemed more comfortable talking about his plans for the future, or the important foreign government men involved in the company's far-flung business deals. He showed little interest in explaining the firm's financial woes, or its long list of past ventures that failed to live up to the original promises, such as the very strange Australian deal. Investors should pay close attention to that, and GOVERN THEMSELVES ACCORDINGLY.
The ugliest thing in Florida
The raw numbers alone ought to be enough to frighten investors. For 2005, this now two-buck-and-change stock lost $0.43 per share, or $32 million dollars. That's 2.5 times greater than 2004's net loss of $13 million, even though revenues increased 179%, to $81.1 million. Of course, losing money like that is an easy task when you only take in a gross profit of $413,679 on that $81 million. To put that into context, $413,679 was less than half of GlobeTel's travel budget for the year.
The reason the bottom line didn't look even worse on a per-share basis was that shareholders saw their stake watered down by a whopping 50% increase in diluted shares. The share count is skyrocketing, of course, because GlobeTel keeps this money-losing strategy rolling by selling shares and other instruments like convertible debt -- to the tune of $15 million last year.
The cash burned by operations was $12.6 million in 2005, and management makes its dependence on financing perfectly clear, for those who take the time to comb through the 10-K. Refer to page 34, where it says "... additional cash will still be needed to support operations ... f we are unable to obtain the necessary funding, the company may have to modify its business plan, reduce or discontinue some of its operations or seek a buyer for all or part of its assets to continue as a going concern through 2006."
But while outside shareholders are left with the risk and double the pain on the bottom line, officers and directors are doing just fine, thanks. Their compensation rose 85% last year to a combined $12 million, or 15% of sales, much of it in stock. By the way, many of them have been planning to sell that stock over the past few months. I find that odd. If I held a large chunk of shares in a company that was about to bust open a $600 million Russian WiMax deal, I'd hang onto all of them. I'd buy more whenever I could. In other words, I'd GOVERN MYSELF ACCORDINGLY.
Leader in wireless?
Believing in the GlobeTel story requires you to believe that a tiny, money-losing Florida firm can somehow leapfrog the big boys in telecommunications. Tim Huff told me on the phone that the reason his firm would beat established equipment and service providers like Nokia (NYSE: NOK), Motorola (NYSE: MOT), Vimpelcom (NYSE: VIP), and Mobile Telesys (NYSE: MBT) is because of the superiority of its technology -- specifically, its "radios." If that's true (and more than one telecom analyst has written to me to express major doubts), then GlobeTel must have one of the most efficient R&D machines in the world. According to the 10-K, total R&D for the year was just more than $2.3 million, and 99% of that sum went to the blimps.
The trail of tears
GlobeTel's big splash in December was for its Russian WiMax deal, the one that was supposed to deliver them hundreds of millions of dollars by now, but which has mostly produced press releases. This came as no surprise to me, because I've taken the time to read GlobeTel's past filings, and I know that delays and cancellations are par for the GlobeTel course.
Investors who wish to double-check GlobeTel's past record on hot-sounding deals should begin with page six of the annual report, where they will find many entries that look like this. "In February, 2005, we signed a Letter of Intent (LOI) with Banco Azteca, the fifth largest financial Institution in Mexico ... However, based on the business terms presented, the company has decided not to move forward with this deal." In all, of the 10 deals listed on pages six and seven alone, six were cancelled outright, and the rest were rescheduled or otherwise delayed.
More interested in the deals promoted in 2005? Direct your gaze to the pages beginning with 50, and you'll see the updates on more recently announced projects like the July 7 Daly Dumas joint venture agreement, the July 14 Colombian blimp deal, the July 7 RapidMoney deal, the Aug. 1 German wireless deal, the Oct. 6 Global Crossing (Nasdaq: GLBC) deal, the Oct. 12 University of Stuttgart Deal, the Dec. 31 Russian WiMax deal, and the Nov. 9 Indian financial services deal -- none of which has yet yielded any transactions "that would require recording or disclosure in the Company's financial statements related to this agreement." If you think "the money must be on the way," I suggest you go back to page six and read again.
Reconsider all those deals, consider what was said about them at the time, and look at what has happened since. Then, GOVERN YOURSELF ACCORDINGLY.
Chamber of oddities
If you 're unmoved by large losses and unfulfilled deals, consider some of the other odd tidbits to be found in the 10-K. One of my favorites is the page 42-43 description of the "milestone" payments made to acquire GlobeTel's "HotZone" wireless technology.
"Initially, since the milestones to be achieved for the second and third years of the contract were undefined and it is unknown whether or not such milestones, even if defined, will be achieved, the Company had not recorded the additional consideration ... Subsequently, as of Dec. 31, 2005, the Company and HotZone agreed that any and all milestones, previously undefined, were in fact achieved."
So, the non-existent milestones were judged fulfilled, and the company recorded further payments of $5 million worth of stock. (While you're on page 43, you might want to review the deal that brought Huff to GlobeTel: a "consulting" deal involving his previous company, Global VoIP and "Charterhouse," a Nevis, then Malaysian, company for a GlobeTel buildout of five networks. The payment to GlobeTel was to be 64 million (later 86 million) shares of an unlisted Australian company, one that ended up being liquidated a year and a half later, causing GlobeTel to write off the entire amount. Instead of being "directly compensated" for this (to my mind, wildly unsuccessful) deal, Tim Huff became an officer and director of GlobeTel.
Another interesting deal is the cash and stock payment to ISG Jet, a company owned by GlobeTel's executive vice president, one Steven King, for "executive air travel services." ISG Jet is owned by King's holding company INV Group (according to Florida records, formerly InvestorSource Group) and has, according to the record here, filed planned sales of more than $2.8 million worth of GlobeTel stock since June of 2005.
And while we're on the subject of insider sales, one of those questions that GlobeTel doesn't seem to want to answer is whether CEO Tim Huff is a 40% investor in an outfit called Infinity Capital Partners, as he is described in a 2002 registration statement. By virtue of the convertible note originally ascribed to Infinity, and later, it seems, ascribed to an unnamed "entity" 40% owned by Tim Huff, it looks like we're talking about the same "entity." (It appears most recently page 48 of the latest 10-K.)
I find this interesting because one Infinity Capital Partners has been filing planned share sales this past year. If Huff is still an investor in this Infinity, I'd like to know how he squares those sales with his claims to me that he has "not sold" shares. Since GlobeTel is giving me the silent treatment, maybe investors will ask for some clarification, consider the answer, and GOVERN THEMSELVES ACCORDINGLY.
Foolish bottom line
GlobeTel is a great company to watch if you want to learn about complicated (often unfulfilled) business deals, group investor psychology, and money-burning penny stocks. If you're looking for a foreign telecom player that can produce little things like earnings and cash -- you know, the stuff that makes an investment ultimately pay off -- I suggest you look elsewhere. As for GlobeTel, read the filings, look at the director turnover (page 70) in 2005, look at the recent insider selling, consider how management is rewarding itself richly while outside shareholders bear the brunt of the huge losses and dilutive financing arrangements, and GOVERN YOURSELF ACCORDINGLY.
Justfrank I forgot to add based on double bottom in 2 year low. Besides that Am i not entitled to my opinion. That's what message boards were designed for !!!
PIT low of $1.14 will very soon hit. Belie dat.
CFO resigning and COO acting as CFO is a another bad sign of rotten things are brewing. All this BS about meeting objectives is another attempt of attracting your money. It's very simple idea Huff. Just execute well on your OWN business plan you ....
Me so sorre about PPS. Shorts are shorting the hell out of it. Bravo bravo Huff. Job well done.
http://stockcharts.com/h-sc/ui?s=GTE&p=D&yr=0&mn=8&dy=0&id=p37904947781
Ken TERN and CHK seasonlity by months?
Ken first thanks for you analysis on GTE and CME. Much appriciate it. Would you also mind posting TERN and CHK. Thank in advance as always.
PICK THE ONE !!!
DOWNTREND - When Russian Money Comes In! - I don't think there will be $ from Russia. Same as there still is no $ from Colombia from last year PR.
UPTREND - When Strat Flies! - Yes i agree but that won't be til 2009 as PPT states.
DOWNTREND - When next earnings report comes out! - NO PROFITABILITY. GTE CAN NOT LOWER COST OF REVS THEREFORE UNLESS OTHER BUSSINESS UNITS KICK IN there won't be any earnings any burnning of cash will continue until bankrupcy. By the way the only way they have money is from you investors.
DOWNTREND- When lots of other business comes in!...WELL maybe but Huff keeps milking investors money and is a lier and thief.
Why don't you BUY some shares ?
I WILL WHEN TRIPPLE BOTTOM HITS (2 YEAR)
http://stockcharts.com/h-sc/ui?s=GTE&p=D&yr=2&mn=0&dy=0&id=p94553266812
DOWNTREND TO CONTINUE. LOOK AT THE INDICATORS !!!
Sorry but soon you will be down a lot !!!
Downtrend is stong and ADX, Aroon and Distribution indictor ALL point to continuing downtrend. Also 50 and 200MA lines got broken. Being the middle of downtrend (walk down) is recepie for BURN. Good entry point is when downtrend stops which would be indicated by trading sideways and ADX,Aroon and distribution line changing. Good luck to you but trigger pulled to soon IMO.
http://stockcharts.com/h-sc/ui?s=GTE&p=D&yr=0&mn=3&dy=0&id=p49365379800
TRIPPLE BOTTOM BASED ON CHART WILL BE AT $1.05-$1.10 area.
I promise you will see this price again. Remember what Sebass then.
http://stockcharts.com/h-sc/ui?s=GTE&p=D&yr=2&mn=0&dy=0&id=p94553266812
Ken how does GTE looks from seasonal perspective?
I've been following this stock and company too for well over a year now and I noticed PPS goes down and up in certain months. I would appriciate your input on what do you see from month seasonlity perspective.
Also how did that CME turned out. I remember you posting about that following months will be great. Thanks so much for your input in advance.
Proof of SANSWIRE 2 not be flown until 2009 year !!!
And to prove your post or the conversation with GTE is a lie lies on slide 9 on this presentation. Sanswire 2 is not be be flown til 2009 and by then Lockheed will outpace GTE long time ago since they already are flying their ships. So when Huff said that in 2005 Sanswire 2 will be flown was a lie and fradulent statment. Prof to lock up the guy cause he really knew that this is imposible timeline and if he said that to attrackt investors money that is considered FRAUD.
http://www.spacesymposium.org/floridaspace2005/docs/presentations/Thursday-11-17-05/1015/Volz-Toby.p...
NICE PUMP UP JOB BUT THIS IS ALL lie you made up to pump it.
If GTE said such a thing they would be thought of being irresponsible and reckless in eyes of wall street and they wouldn't want to have anything to do with CEO that goes back and forth and can't make up his mind how to handle communication to street. Is CEO like 5 years old or something? Dude stop spreading lies. That's the problem. Everyone including GTE keeps lieing. I'm starting to think that message board are worst place to get legit info because people just make up stuff. If things are so rosy why is PPS going down? SHOW ME EVENTS FROM PAST PR's on 10Q OR 10K forms !!!!
You won't find anything cause they would go to jail.
I'm sick of their lies. Time to lock them up and throw away the key.
Labrador your are right on the money except I would add to that that no money will be seen because all GTE does is releases press releases and nothing monetary ever materializes out of them. If I am wrong show me few that did. For those fluff and fraudulent PR GTE should be investigated by SEC and Huff should be locked up and yes stock will see it's previous lows as you said in your post as long will break and sell and shorting will continue as it shows by increase of short position every month. I'm not short but I truly believe this company market cap should be around 100 million since that is little more what their revs are and based on their cost of revs almost being the same as revs that is still generous to award them this type of market cap. So in long story short. GTE right now it's overpriced and will continue going down. Good luck to you longs. I've been there last year. I want Huff to be removed. Guy based on performance doesn't even deserve to be a director, at the most manager. Let's vote on next proxy. In my company he would be fired long time ago by Board.
Kev. Thanks but bottom line is after a year still NO money from Colombian deal and my point is $300MM from Russia will be the same deal which is NO money so question is what are the shareholders investing in ? No product, no sales, broken promises, irresponsible and careless CEO. What's to like ?
Sanswired all they need to do is have product first which they don't. Then to generate revenues on this product which they don't. That's ALL. Who needs promises after 3 years of failed business plan. Here is few more facts for you since you conviniently ommited them. Cost of revenue is every Q is almost same as revs themselves and expenses, salary compensation, bonuses and LOSSES go up a lot every Q
REVENUES EARNED $81,143,838
COST OF REVENUES EARNED $80,730,141 29,187,414
----------------------------------------------------------------------
GROSS MARGIN (LOSS) 413,697 (191,201)
----------------------------------------------------------------------
EXPENSES
Payroll and related taxes 3,118,676 1,248,562
Consulting and professional fees 6,200,054 2,206,237
Officers' and directors' compensation 12,082,809 6,520,206
Bad debts 1,373,458 1,141,534
Investment banking and financing fees 2,018,985 172,106
Investor and public relations 550,460 117,856
Commissions expense - related party
Carrier Services, Inc. 848,880 404,747
Research and development - Sanswire 2,364,673 260,085
Other operating expenses 826,101 156,011
Telephone and communications 200,129 75,390
Travel and related expenses 882,557 240,862
Rents 480,995 126,424
Insurance and employee benefits 672,700 126,644
Depreciation and amortization 236,018 53,586
----------------------------------------------------------------------
TOTAL EXPENSES 31,856,495 12,850,250
----------------------------------------------------------------------
LOSS BEFORE OTHER INCOME (EXPENSE) AND
INCOME TAXES
(31,442,798) (13,041,451)
I respectfully emailed the guy many times before. He never replied.
Hers is the simple idea. GTE should show build stratellite to the world and stock would be in stratosphere but they won't since there isn't one. If there was one GTE would be getting everyone's attention to show it for funding and expedited research. Money would flow like a river so why in the world any CEO not do this. Something to think about.
And why are you telling me what I should or should not do. Also the key word is "EXCHANGE" ideas not cram ideas onto you Message boards are designed to exchange opinions and as far as practicing what I preach I do except calling names is not allowed so I delete those post on my board if that is what you were reffering to. I'm still waiting for someone to tell where is russian money and stratellite. Avioding subject won't help anyone to make money.
AGAIN I TELL YOU DON'T ASSUME WHAT I DID AND DID NOT DO AND I DID READ CHAIRMAN LETTER TO SHAREHOLDERS and it didn't convince me a bit
justfrank with all do respect since you extended it to me I have a right to post my opinion and facts on message board since that is what message boards were designed for and censorship of information and opinion is not democratic, un-American and communistic. Communistic countries suppress people voice but we are in America. Is that what you are trying to accomplishing by censorship of my voice ? There is my constitutional right called freedom of speech and press. Have a good day Sir. Sincerely. Sebass.
P.S
For deleting all my post I just contacted Admin for restore. You don't own this board bro and I have asked Admin why is my right of free speech and press being allowed to be violated by you.
You're too funny. I don't short stocks. Short are not getting scared at all. You're misinfomed. Look at the short intrest. Shorting of GTE shares goes up every month. Look
http://www.shortsqueeze.com/index.php?symbol=gte
Besides even if I would want to short GTE I wouldn't be able to since it's under $4.00 as required by brokers. Also even if I could I wouldn’t since folks like you would buy tons on hype GTE is pumping. It's too risky to short GTE but I don't see any benefit owning it either since its scam Co. Nothing from business plan is materializing and that tells you that Huff is nobody and should be removed as CEO immediately.
By the way lets revisit previous Huff's annoucments !!!
1. Where is the Russian $300 million? What happened to the money by end of March ? Yeah I forgot as usually GTE will pump some different product in next PR.
2. Where is stratellite?
3. Where are revs from Magic Money, VoIP and etc ?
Should I keep going or you get the idea ? Good luck holding this POS stock, Co and mangt.
Need some advise on TERN
Today was first trading day of TERN on pink sheets. Co. got delisted due to not satifing NAZ rules on earnings date. Making long story short company has recorded wrong customer in incorect period of time which created entire accouting mess and they have to restate whole prior year.
What my question is the day before delisting there was 51% of institutional buying and on the day of delisting/first trading day on pink sheets volume went up huge to 8 million where it traded in thousands before. Stock went up 10% on that day. What da heck is going on ? Isn't stock suppose to go down the day before and after delisting. It blows my mind. Isn't Pink sheets like wild wild west of trading and insider do not have to disclose insider buying/trading on PK. Can anyone answer that ?
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=TERNE&range=0&mgp=20060403...
http://finance.yahoo.com/q?s=TERN.PK
http://stockcharts.com/h-sc/ui?s=TERN&p=D&yr=0&mn=3&dy=0&id=p21277884435
Terayon Communication Systems Receives Delisting Notice from NASDAQ
Monday April 3, 5:00 am ET
Company Expects to Begin Trading on the Pink Sheets
SANTA CLARA, Calif., April 3 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News) today announced that the NASDAQ Listing Qualifications Panel (the "Panel") has determined to de-list Terayon's securities from The NASDAQ National Market effective as of the opening of business on Tuesday, April 4, 2006. As previously announced, Terayon had communicated to the Panel that it would not be able to restate its financial statements for the fiscal year ended December 31, 2004, the four quarters of fiscal 2004 and the first two quarters of fiscal 2005 by the March 31, 2006 deadline set by the Panel, nor would Terayon be able to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2005, its Annual Report on Form 10-K for the fiscal year ended December 31, 2005, or the proxy statement for the 2005 annual shareholders' meeting by the deadline.
"Terayon is committed to regaining compliance with all SEC reporting requirements in a timely manner. We continue to work diligently to resolve our accounting issues and complete and file our financial reports," said Jerry Chase, Terayon's CEO. "Other than our ongoing operating leases, we are debt-free with sufficient cash, and our management team remains focused on the business, managing daily operations, executing against our plans and delivering to our customers' requirements."
Terayon expects that quotations for its common stock will appear in the Pink Sheets, and effective with the move to the Pink Sheets, Terayon expects that its trading symbol will be TERN.PK. Terayon intends to appeal the Panel's decision to the NASDAQ Listing and Hearing Review Council (the "Review Council"); however, this appeal will not stay the ruling of the Panel. There can be no assurances that the Review Council will grant Terayon's appeal.
Terayon Receives Letter From NASDAQ Regarding Delayed Filing of Form 10-K
Tuesday March 28, 4:30 pm ET
SANTA CLARA, Calif., March 28 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News) today announced that it received a letter from the staff of The NASDAQ Stock Market on March 22, 2006, notifying Terayon that NASDAQ has not received Terayon's Annual Report on Form 10-K for the fiscal year ended December 31, 2005 as required by NASDAQ Marketplace Rule 4310(c)(14), and that this filing delinquency has been referred to the NASDAQ Listing Qualifications Panel (the "Panel") as an additional basis for de-listing Terayon's common stock from The NASDAQ National Market. Previously, the Panel had agreed to continue the listing of Terayon's common stock on The NASDAQ National Market, provided that Terayon satisfied certain conditions, including the filing of its Form 10-Q for the quarterly period ended September 30, 2005, and all required restatements, on or before March 31, 2006. As previously disclosed, Terayon will restate its financial statements for the fiscal year ended December 31, 2004, the four quarters of fiscal 2004 and the first two quarters of fiscal 2005. Terayon has concluded that the restatement will not be completed by the March 31, 2006 deadline, and has communicated this information to the Panel. Terayon expects that the Panel will issue its decision within the next several days and that Terayon's common stock will be de-listed from The NASDAQ National Market. Upon de-listing, Terayon expects that quotations for its common stock will appear in the Pink Sheets, a centralized quotation service that collects and publishes market maker quotes for over-the-counter securities in real time. Terayon is continuing to work diligently to complete the restatement of the periods mentioned above and to file its outstanding Form 10-K and Form 10-Q reports as soon as possible.
Nortel, Minerva Find IPTV Partners
MARCH 23, 2006
http://www.lightreading.com/document.asp?doc_id=91328
The recently announced relationship between Minerva Networks Inc. and Nortel Networks Ltd. (NYSE/Toronto: NT - message board) could be the smaller company's entrée into large telco accounts and Nortel's chance to interlock one chosen middleware vendor with its IMS offering.
At this week's TelecomNEXT conference, Minerva and Nortel announced they have begun integrating Nortel's SIP and IMS capabilities with Minerva’s iTVManager middleware product. ”We’re writing code, they’re writing code, and we’re working together to make sure they work well together,” says Minerva marketing VP Matt Cuson. (See Nortel, Minerva Team on IPTV.)
The relationship is not exclusive in either direction and has not been written in a contract, the companies say. But Nortel salespeople are out selling the Minerva middleware platform alongside Nortel's IMS. "As of today we have one official middleware provider which is Minerva,” confirms Ken Couch, Nortel's director of marketing for IPTV and broadband networks.
Other pieces of Nortel's IPTV "ecosystem" include Amino Communications Ltd. and Tilgin AB (formerly i3 micro) set-top boxes; Kasenna Inc. VOD servers; Terayon Communication Systems Inc. (Nasdaq: TERN - message board) grooming and ad insertion gear; and Irdeto Access conditional access technology, Couch says.
With less than 60 employees, Minerva has made its living thus far selling to IOCs. But the company says it's now showing up with Nortel at Tier 1 and Tier 2 carriers.
“The bigger guys are very much into working with integrators,” Cuson says of Tier 1 and Tier 2 carriers. “That’s how they’ve traditionally worked in the past and just because it's IPTV doesn’t mean they’re going to do something different.” (See Will IPTV Bloom in 2006?.)
Nortel's Couch says his company had previously been working with three middleware platforms -- Minerva, Myrio Corp. , and Orca Interactive Ltd. -- before "focusing in" on Minerva.
Myrio might be the strongest of the three, says Heavy Reading analyst Rick Thompson. "I think, quite frankly, out of those three, Myrio is the only back-end middleware player that has a significant chance of competing with Microsoft Corp. (Nasdaq: MSFT - message board)," he says. (See Myrio's Quiet Quandary and Microsoft Wins IPTV Deal at DT.)
Thompson believes Nortel's choice was influenced by the fact that Minerva's competitors have already found dance partners. Lucent Technologies Inc. (NYSE: LU - message board) has teamed up with Orca, while Alcatel (NYSE: ALA - message board; Paris: CGEP:PA) picked Microsoft and Siemens AG (NYSE: SI - message board; Frankfurt: SIE) chose Myrio -- all part of a trend where large integrators have glommed onto smaller IPTV middleware partners. (See Expect More IPTV M&A and Siemens Boasts IPTV Success.)
Among the top carriers in Minerva's sights is Verizon Communications Inc. (NYSE: VZ - message board), which has been testing Nortel's IMS technology in its labs since at least December. (See Verizon Tests Nortel's IMS.)
Minerva's Cuson says Verizon has begun looking more closely at the IPTV aspect of its IMS plans. “For the last two months we’ve been more involved," Cuson says. “The goal is to get a lab system in there and get them playing with it and try to get them to commit to a trial.”
Cuson says Verizon has always intended to select two IPTV platforms as part of its normal vendor selection procedure. “Microsoft was one, so the question is who is number two. We’re just trying to make sure we’re number two,” Cuson says.
Verizon is currently selling a cable-like video service as part of its FiOS rollout. The carrier chose that approach so that it could roll out quickly using older, proven technology. But analysts say Verizon probably will move to IPTV later on because of the decidedly better consumer experience of an IP-based offering.
— Mark Sullivan, Reporter, Light Reading
That was good call but your missed today's buy in price. If I were you I would start thinking about my buy in price again. Just my opinion. Good luck to you.
JEFFERIES TERNe RESEARCH MATERIAL. PART 2
http://www.knobias.com/research.pdf?id=4317
http://www.knobias.com/research.pdf?id=4069
http://www.knobias.com/research.pdf?id=3449
http://www.knobias.com/research.pdf?id=3161
http://www.knobias.com/research.pdf?id=3087
http://www.newratings.com/analyst_news/article_1028498.html
http://www.knobias.com/individual/public/quote.htm?ticker=TERNE
Terayon Pays Off Bondholders in Full and Reaches Agreement to Settle Shareholder Suit
Wednesday March 22, 4:15 pm ET
SANTA CLARA, Calif., March 22 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), today announced that it received a notice of acceleration from bondholders of Terayon's 5% Convertible Subordinated Notes due 2007, and on March 21, 2006, paid in full the entire principal amount of the outstanding Notes, including all accrued and unpaid interest thereon and related fees, for a total of $65.6 million. Separately, Terayon has reached an agreement to settle a shareholder class action lawsuit initially filed in April 2000.
"These two separate business decisions were made in the best interests of Terayon," said Jerry Chase, CEO, Terayon. "On the bond issue, we reviewed several restructuring options, and chose the most cost-effective -- paying off the bonds now. We have also reached agreement to settle our six-year-old shareholder suit after determining that it, too, was more cost-effective to settle rather than continue to litigate. These were the right decisions to make, and we intend to execute on our business plan without the further distraction of these two issues."
Bondholder Repayment
As previously disclosed, on January 12, 2006, Terayon received a letter from holders of more than 25% in aggregate principal amount of Notes outstanding providing written notice to Terayon of default under the Indenture for the Notes based on the company's failure to file its Form 10-Q for the quarterly period ended September 30, 2005. Terayon was unable to cure the default within 60 days of the written notice, March 13, 2006, which triggered an Event of Default under the Indenture. The Event of Default enabled the holders of at least 25% in aggregate principal amount of Notes outstanding to accelerate the maturity of the Notes by written notice and declare the entire principal amount of the Notes, together with all accrued and unpaid interest thereon, to be due and payable immediately.
Shareholder Settlement
On March 17, 2006, Terayon entered into a Memorandum of Understanding (MOU) providing for the settlement of the securities class action entitled In re Terayon Communication Systems, Inc. Securities Litigation, Case No. C-00- 1967-MHP, pending in the United States District Court, Northern District of California. As previously disclosed, the amended complaint alleged that Terayon and certain of its officers and directors (collectively, the "Defendants") violated the federal securities laws by issuing materially false and misleading statements and failing to disclose material information regarding Terayon's technology. The class action included claims for damages on behalf of those who purchased or otherwise acquired Terayon's securities (the "Affected Securities") during the class period of November 15, 1999 to April 11, 2000 (the "Plaintiff Class").
In accordance with the settlement outlined in the MOU, the Defendants shall pay or cause to be paid to the Plaintiff Class an amount of fifteen million dollars ($15,000,000). Payment will be paid within 45 days of the execution of the MOU or 15 days after court approval of the Settlement, whichever is later, but in no event earlier than May 10, 2006. Terayon expects to pay approximately $2.3 million of this amount, and its insurance carriers have agreed to pay the remaining settlement amount. The settlement is subject to final approval by the court.
In consideration of the payment of the settlement funds described above, the Plaintiff Class has agreed, upon final court approval, to dismiss the class action with prejudice and release all known and unknown claims arising out of or relating to, or in connection with the purchase or acquisition of the Affected Securities during the class period which have been or could have been asserted by any member of the Plaintiff Class.
All parties have agreed to use their best efforts to finalize and execute the Stipulation and such other documentation as may be required or appropriate to obtain court approval of the settlement upon the terms set forth in the MOU.
About Terayon
Terayon Communication Systems, Inc. provides real-time digital video networking applications to cable, satellite and telecommunication service providers worldwide, which have deployed more than 6,000 of Terayon's digital video systems to localize services and advertising on-demand and brand their programming, insert millions of digital ads, offer HDTV and other digital video services. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com
INDEFINITE DELAYS AS USUAL!!!
Another delay PR came out and GTE as usual talks delays of payment. In past there was delays of Sanswire, yet year passed and no ship. Same will be with this payment. GTE will milk this cow as long as they can and then another PR will come out with some new scam idea they have. Pathetic, unreliable and totally irresponsible management. Sebass was right when said no money in Feb and then March and I will be right no money at all. Don't you get it Huff is milking your money as long as he can. If Stratelite idea was viable then Lockheed would bought this company long time ago for pennies not millions. My very educated opinion on this pathetic, fradulent and shady situation.
jfburk
<Note the revenue growth in 3 years as well as the COGS growth showing that we are indeed growing>
LOL. You must have not looked at COST OF REVENUE cash burn rate. The growth of those 2 have grown with revs showing managment is out of control. No earnings anytime soon either yet Huff has prmoised profitability by Q2, 2005 and then Q4 2005.
Another 20% drop by next monday. Total 40% drop I'm calling now.
That is how i see it due to past failed business moves. Are you willing to take this heat? Today it sold off on heavy volume of 200%+ over average. I was right about non-payment by this week and I will be right about non-payment by end of this week. See ya folks at $2.00 range or lower since strat will be defalted on as well. Motley fool seems to agree with my opinion. Also folks now you know when SELL confirmed is posted on american bulls it measns sell.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=GTE&MarketTicker=AMEX&TYP=S
Yeah that was last summer. There have been lots of failures by GTE managements since then therefore my change of sentiment. Recent 8 directors resigning reflect that sentiment as well and aligns with my opinion so how can you and rest still excuse those failures is my question? So many failures are inexcusable and calls for CEO resignation and SEC investigation into public statements in my opinion. What’s it going to take to sink in another Enron? Also if Stratellite was viable idea wouldn’t you think that Lockheed Martin or Rupert would have bought it for pennies long time ago instead of waiting and buying it for big money? Think about that for a minute and after you do you should come up with same conclusion as mine.
jfburk. My reasons.
<Why did you change from being pro GTEL to anti GTE>
< Tim Huff has kept his promises to me and is working towards making this start up company successful.>
In 3 years nothing monetary or asset wise has been realized out of Huff's 3 year business plan. I hope you won't argue with that because I can definitely provide links as proof. So what is making you think otherwise? Also Huff has failed to accoplish anything and his failures on deadlines he publicly stated resulted in investors' loosing money for which he should be accountable. Are you kidding me ? What success? What has been successful about Co? Please enlighten me cause in 3 years I have not seen build Stratellite, revs from magic money, revs from VoIP products and all I've seen is burning cash rerouting of carrier traffic. Institutions and banks will loan money to GTE only for some period of time. Then massive dump leaving you folks with empty bags. Good luck but that is how I see it.
pick_the_one and Logandean
I won't join because GTE in my opinion is a scam and Huff is not late but a liar. I use to to be long with preety big postition. Nothing out of 3 year business plan has materially realized. GTE and Huff is a total failure and because of his fraudulent statements he has lead investors believe in something he was for last 2 years unable to deliver upon. For those reasons a lot of investors lost money and if nothing will materialize in next year by which he said he would resign I will file a claim with SEC for fraudulent statements he made for last 2 or 3 years. I hope class action will follow and he will go to jail. 8 directors resigned to date and you should realize that them resigning sends strong message that they do not want to be associated with fraud and do not want to go to jail. Good luck to you guys but I do not think there is any hope left.
STOCKS UNDER $10 UPDATE PART 2
Terayon (TERNE:Nasdsaq, $2.26, 2,500 shares, 5.09%, Inflection Point): Terayon makes a line of products called CherryPicker, which enable video providers to control video streams and insert advertisements to targeted audiences. Shares traded flat for the week and remain 14% below our cost basis. We view the recent selloff as overdone. This selloff was caused by the company saying that is restating its financials for 2004 and the first half of 2005 due to revenue recognition timing issues. We were not surprised by the restatement and are pleased that the company's cash balance remains unchanged. Terayon is in the process of restructuring its operations to focus on its CherryPicker product line. Successful completion of this restructuring will significantly boost gross margins into the 60% range, which should enable the company to meet, or beat, 2006 analyst earnings estimates of 18 cents a share. Given the upside potential from strong execution and limited downside from a valuation standpoint, we view the current quote as solid price to start new positions.
GTE ON NAKED SHORT LIST. Good luck.
http://www.nakedshortlist.com/selectbysymbol.html#g
Symbol Security Name Market Days Listed
GTE GlobeTel Communications Corp Amex 48