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"Interview with Joseph McNay, Chairman, Essex Investment Management."
In a Barron's article dated March 5, 2007.
"A company that just had a secondary distribution, Riverbed Technology [RVBD], absolutely epitomizes what I'm interested in. This company has been growing between 200% and 500% every quarter. It provides services to improve the performance of data applications in wide-area networks. They have equipment that makes it go faster, and they absolutely lead this business in the U.S."
I admit this was written seven months ago, and the stock price at that time was between about $28 to $32, we closed today at $32.67.
Comments?
Comments on the Quantum's law suit against RVBD?
Riverbed Technology, Inc. (Riverbed) has developed a solution to the fundamental problems of wide-area distributed
computing. The Company's Steelhead appliances enable its customers to improve the performance of their
applications and access to their data across wide area networks (WANs), increasing transmission speeds by 5 to 50
times and in some cases by up to 100 times. Riverbed's products also offer the ability to simplify information
technology (IT) infrastructure. Riverbed sells its products and support directly through its sales force and indirectly
through distribution partners, including value-added resellers (VARs). Riverbed's wide-area data services (WDS)
solution consists of the Riverbed Optimization System (RiOS), the Company's software that is embedded on a
general-purpose, hardware-computing platform to form its Steelhead appliances. RiOS integrates four sets of
technologies: Data Streamlining, Transport Streamlining, Application Streamlining and Management Streamlining.
Riverbed Technology, Inc. is headquartered at:
199, Fremont Street, San Francisco, CA,
94105
United States
(415) 247-8800
www.riverbed.com
Randy Gottfried, CFO
Riverbed Technology, Inc. (Riverbed) has developed a solution to the fundamental problems of wide-area distributed
computing. The Company's Steelhead appliances enable its customers to improve the performance of their
applications and access to their data across wide area networks (WANs), increasing transmission speeds by 5 to 50
times and in some cases by up to 100 times. Riverbed's products also offer the ability to simplify information
technology (IT) infrastructure. Riverbed sells its products and support directly through its sales force and indirectly
through distribution partners, including value-added resellers (VARs). Riverbed's wide-area data services (WDS)
solution consists of the Riverbed Optimization System (RiOS), the Company's software that is embedded on a
general-purpose, hardware-computing platform to form its Steelhead appliances. RiOS integrates four sets of
technologies: Data Streamlining, Transport Streamlining, Application Streamlining and Management Streamlining.
Riverbed Technology, Inc. is headquartered at:
199, Fremont Street, San Francisco, CA,
94105
United States
(415) 247-8800
www.riverbed.com
Randy Gottfried, CFO
Riverbed Technology shares drop more than 25%
By Benjamin Pimentel, MarketWatch
Last Update: 1:29 PM ET Oct 24, 2007
Print E-mail Subscribe to RSS Disable Live Quotes
SAN FRANCISCO (MarketWatch) -- Riverbed Technology Inc. took one of the biggest hits in Wednesday's tech sell-off as the software company saw its shares plunge more than 25%.
Riverbed (RVBD: 32.23, -2.38, -6.9%) reported third-quarter income of $2.77 million on Tuesday on revenue of $63.3 million.
The company, which makes software that enables corporate data centers to run faster, became more attractive to investors after the successful initial public offering of VMware Inc. (VMW: 114.33, +10.81, +10.5%) , another software company focused on corporate networks.
VMware is a leading player in the area of virtualization and makes software that allows different operating systems to run on a single computer. The Palo Alto, Calif.-based company's shares jumped 76% on the day of its initial public offering in August.
But VMware shares were down less than 1% by midday, while Riverbed stock was off 27% at about $34. The company's stock had been up more than 50% since Jan. 1.
Analyst Paul Mansky of Citigroup Global Markets downgraded the stock from buy to hold, saying, "Although we view market and competitive dynamics as largely unchanged ... valuation risk remains elevated at least over the near-to-mid-term."
He noted that Riverbed is still a key player in its market and "the company offers the potential for ongoing attractive growth," but Mansky also cited decelerating top line growth and stiff competition from bigger rivals such as Cisco Systems Inc. (CSCO:31.12, -0.14, -0.4%) and Juniper Networks Inc. (JNPR: 33.51, -0.50, -1.5%) .
"We anticipate the shares will likely require some time before regaining momentum status," he wrote.
However, analyst Gabe Lowy of Collins Stewart upgraded Riverbed shares to buy, saying the sell-off after the company's earnings announcement was "an overreaction."
"In our view, the shares were priced for perfection," he wrote, noting Riverbed's "technology lead, broader market acceptance and distribution."
Benjamin Pimentel is a MarketWatch reporter based in San Francisco.
Hello. Sorry for longs pain right now in RVBD. (trust me, I know the feeling)
I have been watching and waiting to buy RVBD and I just bought 1200 shares @ $32.00.
RVBD, about -37% in two days, from about $48 to about $32, an almost seven month low.
This stock should recover to $48-50, in about six months, enless there are some unforseen negative events in the future of this dynamic, growing company.
Good investing to all,
Cheers, bow
Hi JT. Check out RVBD @ about $32.00.
Was @$48.50 on Tuesday 10/23, -28.5% yesterday, about -7% today. One year est. target $50.00.
71M shares out standing.
Provides solutions for wide-area distrubuted computing.
Growth est.:
2007 +526%
2008 +25%
5yr. est. growth +40% (2009-2013).
I just picked up 1200 shares @$32.00, this is just under a 7 month low for the stock price, on May 1, 2007, @31.97.
as always,
good investing,
Cheers, bow.
10/23/07 close @$1.29. per yahoo, $37M in cash or $1.48 a share, so we are trading at or under cash value. Yikes!
The "market" is saying IDMI is dead in the water well into 2008, maybe even into 2009? Help!
http://finance.yahoo.com/q?s=RGRP.OB. deto, let me know if this works. I do not really know how to "link." Can't you get yahoo.com?
RGRP.ob up a penny to $0.99 on 23K volume, on a day when the nasdaq was down 74 points. Not to many buyers, but no sellers on a huge down day (Dow -388 points).
Any comments as to the significance of this?
Are we finding a bottom around $1.00, building a base for our run to $1.40+, and then to analysts one year target of $2.75? Don't forget, Wellington and Ashford saw value @$2.50 in May, 2007. Also, Wm. Witter added 117K shares (254K total) in August.
All aboard.
Hi JT! Hope you are well. No, I have no position in ARUN at this time. I have boxed myself into a corner with CXTI.pk, IMDI and RGRP.ob. Waiting and holding to paint myself out??
One of the stocks I am monitoring is GST, natural gas play, closed about $1.60. Has over 200m outstanding shares, so?, but one year target is $4.50. On Wednesday there was about a 1.6M share block bought. Wellington and Palo Alto own shares. Let me know what you think! They say this is the season for natural gas!!
Hey thanks for the note and as always-
good investings,
Cheers, bow
the thing speaks for it's self deto. I am long RGRP and holding for the long term.
10/18/07 volume 15,800. Didn't trade for the first two hours. We are dead in the water right now. At least we are holding on, sort of.
re: IMDI's wildcard:
1. posted by cybittermn on Yahoo mb.
Newly collected survival data on the "lost" Junovan patients is IDMI's wildcard. If this data confirms efficacy, the FDA has no choice but to approve. The problems cited by the FDA are rendered invalid because a complete data set indicating Junovan's effectiveness is irrefutable. I am convinced that this is the angle of attack.
The approval of Junovan would be an incredibly significant milestone. The revenue generated from this would make the company financially self sustaining. Upcoming presentations in early November will be more revealing.
I expect a 30-40% upside swing by year's end. Also, added 25k more shares last week. GLTA.
2. posted by Michael on Yahoo mb.
As a strategy consultant, one of the things I've seen countless times in numerous industries is that companies can't part ways with services or products that actually lose money year over year. While our situation at IDM isn't exactly the same, I hope that their management has a plan to cut Junovan at some point and doesn't continue to waste money trying to get the drug approved if things don't pan out in early 2008.
We all talk about the pipeline being signficantly undervalued or not valued at all in today's share price, but why should it be? With ~30M in cash left to take operations out to 2009, the revised milestones in the 8K should make all of us very worried.
I've said it once before, and I'll say it again...Until this company proves it can navigate the FDAs approval process, there isn't any reason to value the pipe, despite how promising or how effective the drugs are.
I suspect that if IDM receives approval for Junovan in the USA, the share price will trade in the 15-20 and THEN the pipe will only add to the top of that.
I'm done accumulating any more shares until our November announcements reiterate some more positive findings about the drugs of the future.
Like I said, RGRP.ob and News Corp. have a "special" arrangement. Watch for when News Corp. closes the WSJ deal for possible news regarding ROO and broadcast of topical video content for the WJS etc. This is speculation on my part, but if it happens, ROO should benefit big time.
"Item 3.02 Unregistered Sale of Equity Securities
On January 25, 2007, ROO Group, Inc. (the "Company") entered into an agreement with News Corporation ("News Corp"). The Agreement provides for the issuance of 2,000,000 shares of our common stock upon execution of the Agreement, which shall be held in escrow and released to News Corp on January 1, 2008, if the average monthly revenues from News Corp and its affiliates for the 3 month period ended December 31, 2007 is not less than the revenue from News Corp and its affiliates for the one month period ending December 31, 2006 (the "Revenue Target"). The Agreement provides that if the Revenue Target is not met, the Company shall issue to News Corp warrants to purchase 2,000,000 shares of our common stock which shall be exercisable for a term of two years at a price of $2.70. The exercise price of the warrants will be subject to customary anti-dilution protection for stock splits, recapitalizations, stock dividends and the like. The Agreement provides for the release of the shares to News Corp upon a change of control, so long as the average monthly revenue from News Corp and its affiliates during the 3 months prior to the change of control is not materially less than the Revenue Target.
The Company also agreed to issue an additional 2,000,000 shares of our common stock to News Corp if within 3 years of the date of the Agreement the average monthly revenue from News Corp and its affiliates for any consecutive 3 month period equals at least six times the Revenue Target. Further, the Company agreed that if the foregoing is not timely achieved, the Company shall issue to News Corp warrants to purchase 2,000,000 shares of our common stock which shall be exercisable for a term of two years at a price of $2.70. The exercise price of the warrants will be subject to customary anti-dilution protection for stock splits, recapitalizations, stock dividends and the like.
The Company has granted News Corp piggy back registration rights in connection with shares issuable to News Corp pursuant to the Agreement. The Company will rely upon an exemption from securities registration afforded by Section 4(2) the Securities Act of 1933, as amended and/or Regulation D promulgated thereunder in connection with the issuance of the shares.
and a grandslam is 16x, thus $1,000 investment would grow to $16,000.
Hope you are right tmz!
new 8-k milestones: from Michael on Yahoo mb.
According to the new filing/presentation, here are our milestones: (dejecting to me as well as most of you, I would think)
L-MTP-PE --> Mifamurtide (Formerly Junovan)
1. 11/07 - Data Presented at CTOS & SIOP
2. 12/07 - CMHP (EU) decision on MAA
3. Q1/08 - Submit NDA amendment
4. H1/08 - EU Approval
5. H2/08 - US Approval
Uvidem
1. 11/07 - Updated MEL-202 data presenting at iSBTc
2. Q4/07 - Final Phase 2 begin
3. H2/08 - Phase 2 MEL-202, 203 final results
4. ?/09 - Begin Phase 3
IDM-2101
1. 11/07 - Updated Phase 2 data to be presented iSBTc
2. H1/08 - Complete Phase 2 study
10/11/07 close @$1.02, sorry.
Hi Blue: RGRP.ob. 58.87M fully diluted shares. 10/10/07 close @$1.02, -$0.13. One year price target $2.75.
Still in "buy" range IMHO, although it has been in the $0.70's in the past couple of weeks.
Digital media company offering technology and content required for video to be played on computer through the Internet etc. Company is working closely with News Corp. (when the News Corp./WSJ deal is completed ROO could be in a great position to benefit- but that is speculation) and is establishing many other positive business relationships. Management is seasoned and appears to be making the "right moves" for future growth.
ROO is still burning cash.
EPS estimates: 2007 -$0.80; 2008 -$0.57.
Revenue growth estimates: 2007 15.73M, +61%; 2008 26.27M, +67%.
Cash on hand of 8/07 $31.5M.
Analysts have pegged ROO's five growth at +67% (2009-2013).
One of the keys for me in investing in ROO was the institutional interest in the stock. In May, 2007 ROO in a private equity financing, floated 10M shares at $2.50 a share. Wellingtion bought around 5.7M shares, they co-manage many Vanguard funds, they are pros who know their business and do not fool around. They saw value in ROO @$2.50 a share. Enough said.
More currently, in August William D. Witter added to their position of ROO, +117K, for a total of 254K. For me this purchase of addidtional shares by Witter was a huge justification for purchasing all the shares of ROO you can at time. I say this because Witter sold a lot of stocks in Q-2, 2007, (go to www.nasdaq.com, RGRP, institutional investors pull-down menu, click on Witter and you see their individual holdings). Witter's faith in ROO is all the more impressive when you see how many companys they dumped in Q-2.
I do not expect quick results, as long as they are burning cash, many investors will stay away.
Patience is needed. This is really just the beginning of the growth for this company.
I'm holding 32.6K shares of ROO ($1.29 avg.$), bought to soon, but holding for the long term.
good investing, cheers
bow
Hey Blue, thanks for the note. Yes ZIXI has done well, but I think the party over for awhile. Should stay in trading range now enless some earnings surprise to the up side. Currently, negative earnings esitmated for 2007 and 2008. But sure had a nice run!
IDMI "might" get EU approval for "Junovan,"- might. If approval, IDMI is a $3.00+ stock, +100% from current levels. It is a crap shoot though. Beware, if no approval IDMI is dead money until Q2-2008.
Market has been hot. Might have down days like today short term,but long run the bull will ride.
You have a nice board here, I'll be back. Thanks again.
Good investing,
Cheers, Bow
August 10, 2007 ROO closed at $1.40. If we can keep this recent momentum intact, $1.40 is resistance.
EPS est. 2007: -$0.58; 2008: -$0.14, yes RNIN has negative earnings projections now in 2007 and 2008.
Way over valued @ $4.30 a share. Could go down to $2.10, or lower in the coming months. JMHO.
Yes. I think any market termoil and we will be lucky to hold on to these gains.
Having said that, there just might the chance that ROO might about be ready to launch. I truly believe that even at a $1.00 a share, ROO is vastly undervalued in relation to the revenue they are projected to earn in 2007 and 2008.
The problem is the negative EPS. Management must get costs under control.
I am dreaming of when ROO will break-even. When, and if, the day comes, we are looking at a $5.00 to $7.00 stock, or more. JMHO.
Good investing,
Cheers.
Prince, I hope you are right!
I have just seen some very, very strange things happen to small caps after negative announcements, here an earnings warning.
My specific experience, among others, has been RGRP.ob. Back in May, 2007, management, in a direct offering, floated 10M shares at $2.50. Wellington bought 5.7M shares, yes the Wellington that co-manages Vanguard funds. These are pros. Ashford Capital bought about 3M, (they have added 1.1M shares since).
I started buying ROO at about $1.50, thought it was a sure thing. Well, today we closed at $1.00 (I have since averaged down).
All I am saying is take your time and let the dust settle here. But of course you are going to do what you got to do.
GTLA
Don't get me wrong, I like RNIN. But before I commit my cash to buying shares, I want to see the dust settle after lastest earnings warning.
I too believe 2008 will be a good year for RNIN.
GLTA
Hi Ada: well, if the $2.75 target price is legit, we still have a long, long way to go on the upside.
I really can not explain the price action of ROO, but finally seems to be getting some traction. What I am looking for is a surprise to the upside next earnings announcement. We shall see.
I am even at $1.29.
Good investing,
Cheers, Bow
The mtvu.com site has been around way before the Roo deal came into play. The Roo deal is about providing content for the college online news sites:
http://www.prnewswire.com/cgi-bin/storie...
MTVU acquired Y2M: Youth Media & Marketing Networks which runs the college news sites.
BTW mtvu.com is awesome...but it has NOTHING to do with Roo. The site itself has been internally managed thus far. Not to say that won't change, but Roo is hardly in a position to develop and maintain these types of properties. That's not their business. Wouldn't be surprised to see some Roo video content up there though. Maybe it's alreay there...haven't checked lately.
from temp1064 on Yahoo mb.
ROO Group Enhances Content Offerings Aimed at $79 Billion Online Travel Market Through Partnership with GeoBeats, Inc.
Monday October 8, 8:00 am ET
International video travel guide gains global reach with premier online video solutions provider
NEW YORK, Oct. 8 /PRNewswire-FirstCall/ -- ROO Group (OTC Bulletin Board: RGRP - News), a global leader in online video solutions for content providers, advertisers, and Web sites, today announced a content partnership with GeoBeats, Inc., the premier video travel guide for international destinations. With a third of consumers researching and planning travel online this year, the partnership significantly strengthens ROO's position in the fast-growing, $79 billion online travel industry by expanding its travel channel with compelling international programming.
"GeoBeats' video content for the travel industry is some of the freshest and most valuable available today," said Robert Petty, CEO, ROO Group. "GeoBeats journalists are locals who provide the on-the-ground tips and insights that can't be found in any traditional travel book or Web site. By expanding our travel library with this kind of unique, compelling video content ROO can greatly enhance users' travel experiences, add value for customers seeking to serve this growing market and continue to fulfill our commitment to offering the best in content distribution across the board."
GeoBeats works with local filmmakers from around the globe to develop short films on a broad array of popular and off-the-beaten-track international destinations. The films provide the expert insight that only locals can offer travelers along with beneath-the-surface glimpses of hundreds of fascinating destinations. The GeoBeats model is a unique combination of professionally generated content and citizen journalism that enriches the travel experience for prospective and veteran travelers alike. With a library of over 500 guides produced for more than 30 destinations, GeoBeats continually provides additions and updates to videos as destinations are revisited.
"We are a company that specializes in being 'in-the-know' about both popular and emerging destinations, and we needed a video provider who could bring our content to the widest possible global audience," said GeoBeats' CEO Ashish Khurana. "ROO Group's peerless distribution capabilities to both domestic and international premium news outlets will help us reach new audiences worldwide and provide them with a dynamic means of navigating and enjoying new destinations."
ROO is one of the largest syndicators of premium content on the Web. The company has designed its vast content collection to satisfy the growing consumer demand for specific Web content in topic areas including news, travel, healthcare, lifestyle and more. GeoBeats joins a stellar roster of ROO travel content partners that includes Lonely Planet; Watch Mojo, Travelago; Soma Travel and Veg TV.
About ROO
ROO Group Inc. (OTC Bulletin Board: RGRP - News) through its 100% subsidiary ROO Media Corporation, is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience. The company's proprietary platform, the ROO Video Exchange, simultaneously services multiple video channels, audience segments and advertisers and, as such, has become a leading platform in content aggregation, distribution and targeted advertising. ROO's unique ability to offer a "many-to-many" service has helped secure its position as the service provider of choice for companies seeking effective strategies for monetizing digital media assets. The company also operates an advertising agency business specializing in a variety of media and services including direct marketing, brand planning and identity, and media buying and packaging. ROO has offices in the United States, United Kingdom, and Australia. For additional information, please visit the Company's Web site at www.roo.com.
About GeoBeats
GeoBeats, Inc. produces and distributes high quality video travel guides for popular destinations around the world. Due to its alliance with local filmmakers in over 30 countries, GeoBeats provides travelers an in-depth view of their next destination, resulting in cost savings and a more enjoyable vacation. For more information about GeoBeats, visit http://www.geobeats.com.
Source: ROO GROUP
Prince: all I can do is compare the revenue estimates of RNIN with RGRP.ob, a stock I own.
RNIN: revenue est.: 2007: $14.21M; 2008: $25.85M. Last stock price: $4.52.
RGRP: revenue est.: 2007: $15.73M; 2008: $26.27M. Last price: $0.90.
Thus, RGRP is estimated to have greater revenue in both 2007 and 2008 than RNIN.
Thus, I believe my estimated target price of $2.10 for RNIN, could acctually be on the high end. RNIN could trend down over the coming months to my target price.
Granted the EPS for RNIN is much higher than for RGRP, hence the difference in valuation of the respective stock prices.
I am not here to bash RNIN or you, JMHO.
from Barron's 10/8/07 edition, Technology Week, Eric Savitz, page 33:
"Wick also expects a slide for Aruba Networks, which provides wireless-networking hardware for enerprise customers. He thinks a patent-infringement suit filed by Motorola will be 'very costly,' even if Aruba wins in court. And the stock is priced for perfection, trading at 90 times projected earnings for the July 2008 fiscal year."
ARUN closed at $21.05 on Friday 10/5/07.
Fwd PE: 465. Price/sales: 12.32. EPS est. 2007: -$0.39, 2008: $0.01.
I have a price target of $2.10 for RNIN. I have no position in this stock.
GLTA
"The FDA has requested data from additional clinical trials to demonstrate the benefit of L-MTP-PE. Additionally, the FDA has requested information or clarification with respect to other sections of the NDA."
I know this is old news, but as I read this sentence, could it be that Mifamuride is not dead at the FDA? Comments?
IDM Pharma Inc. Receives Not Approvable Letter for Mifamurtide (L-MTP-PE) for the Treatment of Osteosarcoma
IDM Pharma Inc. announced that it received a not approvable letter from the U.S. Food and Drug Administration (FDA) after completing the review of the new drug application (NDA) for the investigational drug mifamurtide (L-MTP-PE), formerly known as Junovan, for the treatment of non-metastatic osteosarcoma, a rare and often fatal bone tumor that typically affects children and young adults. The FDA has requested data from additional clinical trials to demonstrate the benefit of L-MTP-PE. Additionally, the FDA has requested information or clarification with respect to other sections of the NDA.
GOVERNMENTIUM
A major research institution has recently announced the discovery of the heaviest chemical element yet known to science. The new element has been tentatively named "Governmentium". Governmentium has one neutron, 12 assistant neutrons, 75 deputy neutrons, and 11 assistant deputy neutrons, giving it an atomic mass of 312.
These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called peons. Since Governmentium has no electrons, it is inert.
However, it can be detected as it impedes every reaction with which it comes in contact. A minute amount of Governmentium causes one reaction to take over four days to complete when it would normally take less than a second.
Governmentium has a normal half-life of three years; it does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places.
In fact, Governmentium's mass will actually increase over time, since each reorganization will cause more morons to become neutrons, forming "isodopes" This characteristic of moron-promotion leads some scientists to speculate that Governmentium is formed whenever morons reach a certain quantity in concentration. This hypothetical quantity is referred to as "Critical Morass."
You will know it when you see it. When catalyzed with money, Governmentium becomes "Administratium" -- an element which radiates just as much energy since it has half as many peons but twice as many morons.
This was posted over at DNDN, which was actually posted at another board
from Smittysmat on Yahoo IDMI mb.
re-test 52 wk low of $1.46? any comments where we might endup on the downside?
from be long 4 life @ yahoo mb:
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- ROO Group (OTC Bulletin Board: RGRP), a global leader in digital media and advertising solutions, today announced new content partnerships with FOX Television Stations (FTS), Agence France-Presse (AFP) and Chat the Planet, a provider of Web video covering global issues. With these deals, ROO moves significantly closer to its goal of creating the largest collection of news content available for syndication on the Web.
"These partnerships constitute another milestone in ROO's mission to provide more of the unique, compelling, daily refreshed content that drives viewers to sites, keeps them there longer and generates new revenue streams," said Robert Petty, Chairman and CEO of ROO. "Our work with FOX, AFP and Chat the Planet means our customers will have unparalleled choice in original video news content, including local and regional U.S. news as well as new International programming."
Through the partnership with FTS, ROO will receive daily local and regional news videos from 24 of the FOX owned-and-operated affiliates in major markets around the country, including New York, Los Angeles, Chicago and Washington, DC. Capitalizing on ROO's proprietary content management system, Web publishers throughout the ROO network will be able to mix and match the selections to ensure the content offerings resonate with their site visitors.
For AFP, ROO will launch a new International channel that includes both English and German news video. AFP is a globally recognized news agency with a network of 40 video reporters working with the support of the most far reaching global network of journalists in 165 countries. AFP videos include in-depth coverage of news related stories, exclusive interviews with world leaders and original storytelling features with human and social interest. Its unique production will bring a truly global perspective on news events.
ROO will be featuring the original Chat the Planet series, "Hometown Baghdad," which will tell the stories of three young Iraqis struggling to survive the war. Chat the Planet is a global dialogue company that creates unique, user-generated Web programming by encouraging online discussion of issues of concern to young people around the globe, including politics, foreign affairs, music, lifestyles and "Our work with FOX, AFP and Chat the Planet means our customers will have an unparalleled choice in the Web's strongest vertical, news," continued Petty. "Citizen journalism, local U.S. news and now a major global news perspective put ROO at the forefront of providing our customers the broadest package of syndicated news content available on the Web."
About ROO
ROO Group Inc. (OTCBB: RGRP) through its 100% subsidiary ROO Media Corporation, is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience. The company's proprietary platform, the ROO Video Exchange, simultaneously services multiple video channels, audience segments and advertisers and, as such, has become a leading platform in content aggregation, distribution and targeted advertising. ROO's unique ability to offer a "many-to-many" service has helped secure its position as the service provider of choice for companies seeking effective strategies for monetizing digital media assets. The company also operates an advertising agency business specializing in a variety of media and services including direct marketing, brand planning and identity, and media buying and packaging. ROO has offices in the United States, United Kingdom, and Australia. For additional information, please visit the Company's Web site at www.roo.com.
About Fox Television Stations
The Fox Television Station group, one of the nation's largest owned-and- operated network broadcast groups, comprises 35 stations in 26 markets, covering nearly 45% of U.S. television homes. This includes six duopolies in the top 10 markets: New York, Los Angeles, Chicago, Dallas, Washington, D.C. and Houston; as well as duopolies in Minneapolis, Phoenix and Orlando.
About AFP
AFP maintains a network of journalists and photographers in 165 countries covering events 24/7. The AFP brand guarantees editorial quality and reliability built since the agency was founded in 1835. It offers text, pictures, graphics, animated graphics and video as well as multimedia content in seven languages. AFP covers all the news worldwide, from politics and diplomacy to economy and finance, sports and culture to science, technology, health and people. Its clients include the world's major media organizations as well as corporations, governments and international agencies. Its services are edited at regional centers in Paris, Nicosia, Washington DC, Montevideo and Hong Kong. For more information about AFP, please go to www.afp.com
About Chat the Planet
Chat the Planet is a global youth dialogue company. We connect young people from around the world to talk about everything from politics, prejudices and war to sex, music and life in general. Chat the Planet produces television and Web video that is authentic, unscripted and unlike anything else in the mainstream media. In 2008, we are launching an innovative internet platform that will transform the way people engage globally. It will transcend both cultural differences and long distances. Founded by celebrated media executives Laurie Meadoff and Kate Hillis in 2001, Chat the Planet has produced award-winning video, Internet, and radio programming that continues to reach millions of people around the world.
SOURCE ROO Group
News Provided by Acquire Media Corporation
dyno, what is your take on BBND?
thanks
Hi JT, yes ARUN is heading in the right direction, along with AXTI. How are you doing my friend?
treading water, playing the losers game of wait and see on CXTI.pk, drowning in my tears. I was an idiot, bought for the long term though, so maybe a miracle will happen.
Only thing that is saving me right now is SNCR, +40k on that one, had the good fortune of getting in at $15 in March, 2007, now at about $43.00.
Waiting for RGRP.ob to break-out, but it makes a move and then slithers back down. If it gets anywhere near its analyst target of $2.75, it would make good some of my errors in judgment, currently at about $0.83.
Been watching the solar stocks climb to the moon, csun, solf, etc. solf, IMHO, has problems and csun earnings projections for next year are flat. But as of late they have been moving to the green.
Also ATV has rebounded nicely.
Rumor, IDMI might get EU approval of "Junovan" next month. We shall see.
Thanks for the note.
good investing,
Cheers, Bow
Hi JT, Yes. The change is fine with me. Thank you for letting me know.
Good investing,
Cheers, Bow
detom: all I can say is I am holding 28.5K shares of ROO for the long term. I am currently in a hole, but I am not worrying about it. 2+ years from now, I believe ROO will be well over it's current $2.75 a share target price. Remember, the analysts have pegged ROO's five growth at +67% (2009-2013). This is really just the beginning of the growth for this company.
Can't explain current weakness in stock price, although today was a good day, we shall see if the price action holds. Have to say I was amazed that the price got that low.
Maybe because ROO is still burning cash.
I am hoping that ROO becomes profitable sooner than analysts are projecting, but that is just a "hope," which does not really cut it when you are putting your own cash on the line.
One of the keys for me in investing in ROO was the institutional interest in the stock. I have posted about this before. In May, 2007 ROO in a private equity financing, floated 10M shares at $2.75 a share. Wellingtion bought around 5.7M shares, and they co-manage many Vanguard funds, they are pros who know their business and do not fool around. They saw value in ROO @$2.50 a share. Enough said.
More currently, in August William D. Witter added to their position of ROO, +117K, for a total of 254K. For me personnaly, this purchase of addidtional shares by Witter was a huge justification for purchasing all the shares of ROO you can at time. I say this because Witter sold a lot of stocks in Q-2, 2007, (go to www.nasdaq.com, RGRP, institutional investors pull-down menu, click on Witter and you see their individual holdings). Witter's faith in ROO is all the more impressive when you see how many company's they dumped in Q-2. (I wish I had done the same thing!)
I do not expect quick results, as Ada has said, as long as they are burning cash, many investors will stay away. But if I am right and they acheive cash flow positive sooner, rather than later, ROO's stock price should hit the $2.50 target in due time.
Patience is needed, 2+ years. Yesterday was a better day to accumulate, but IMHO waiting to buy is missing the boat. There could be plenty of more positive news coming from ROO in the future.
Just remember, this is a speculative small cap stock, and treat it as such.
good investing, cheers
bow
http://biz.yahoo.com/prnews/070920/nyth0...
"We believe ROO is the perfect partner for The Post as we continue to develop nypost.com and enhance our users' experience online. There is a great demand for video not only from readers but from advertisers and ROO will help us meet those desires," said Chris Shaw, Vice President of Digital Media of The New York Post.
The partnership deepens ROO's ongoing relationship with News Corporation. ROO currently powers online global video content distribution and content syndication across many of News Corp's premier properties including The Times of London, The Sun and The Australian, and has content syndication partnerships with FOX News Channel, Fox Affiliates and Sky News. Earlier this year News Corp signaled its long-term commitment to ROO by becoming a strategic investor in the company."
Patience Paying Off!! This is from be long for life at Yahoo MB.