status is none of yer' damn business!! :-)
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Easy Energy Yogen Max foldable, man-powered laptop charger prototype complete
by Laura June, posted Dec 4th 2008 at 2:57PM
Charging your laptop could start to feel a lot more like work in the near future, if the folks at Easy Energy have it their way. They've just completed a protoype for the Yogen Max laptop charger, and though details are particularly spartan about the actual workings of the device, as you can see from the mock-up, it's going to involve a human foot pumping juice directly into your laptop. Unlike some other devices we've seen, the Yogen Max has no external battery, plus it's way more foldable and boasts a totally awesome font. The spokesperson from Easy Energy says they hope to bring the product to the consumer market sometime in 2009. If that girl in the background of the photo is any indication of how outlandishly fun the human-powered charger is to use, we sure hope it's available soon.
http://www.engadget.com/2008/12/04/easy-energy-yogen-max-foldable-man-powered-laptop-charger-proto/
If ESYE can accomplish that in 2009 it wil be nothing short of amazing.
Now that's a whole lotta lovin' right there.LOL.
The YoGen® is available in two models: the basic version, which is a standalone hand-powered charger and the premium version, that additionally includes a backup 650 mAh 3.7V battery which will provide charging power either when mechanically activated or via the battery when it is carrying a charge. For convenience, the premium version provides an SOC indicator, which advises the user of the charge state of the battery. The YoGen® devices represent a significant breakthrough in manpowered chargers in that, in addition to their extremely compact size, they are able to produce a uniquely high ratio of electrical output to human energy input and are far less tiring to operate than competitive units. In other words, these chargers have advanced the user friendliness and economics of this technology to the point at which they become eminently practical and desirable as a means to fill a void in an almost limitless market.
Just a matter time and patience.
People-Powered Computing with Easy Energy's Yogen Max
by Tom Milnes on December 17, 2008
I'm sure that 2009 will be packed with must-have gizmos, but if I had my choice the one that I'd most like to get a hold of it would be Easy Energy's Yogen Max.
Although there is pretty scant information available on this device, apparently it is designed to be just what it looks like, a human-powered energy source for your laptop, consisting of a foldable footpedal that plugs directly into your laptop, and/or perhaps other devices that it can be suited to work with. So, you say I might be able to stick with my light, but not very long-lasting battery and never have to worry about running out of juice as long as I'm willing to tap-tap-tap? Hmm, who wouldn't be for that? All I have to say is why hasn't anyone come up with this idea already. Unfortunately Easy Energy's Website says next to nothing about the product, beyond a flash demonstration. Yet, according to a recent Endgadget posting, Easy Energy has completed a working prototype, so this is looking for real. Also, Easy Energy CEO Guy Ofir, in a Coolest Gadgets posting, says of the product, “This unique product will allow for the complete charging of a laptop anywhere in the world, inside or outside, wired or not.” The key words for me here are 'complete charging.' If he is claiming that a full charge can be produced this should sell itself.
It may seem a little goofy at first to think of walking into the local cafe, lining up a latte and busting out your little orange wah-wah power pedal, but if it works, is light and compact and is affordable, I'm sure you won't be the only one pedaling away across the WWW and beyond. And just think of the workout your calfs will get. Like I said, this little power pack is high on my list of '09 must-haves. Lets hope that prototype makes it to production.
--Tom Milnes
Me either. With the CEO & his wife buying shares at these levels, reducing the A/S, and taking the products into full blown prodcution in April, I think some big things are about ot happen with this relatively unknown company.
We believe we are in the right place at the right time with a line of products that are uniquely suited to fulfill the needs of a grossly underserved segment of the marketplace. At a time when the words "green energy" are on everyone's lips, we are introducing a suite of products that are environmentally friendly in the extreme, completely non-polluting in their operation and designed for durability and long operational life. There is a great demand today in the marketplace for compact, user-friendly manpowered chargers for portable electronics devices to ensure their operation in circumstances in which conventional power sources are not accessible. We are ready to meet that demand with a line of manpowered chargers that will lead the industry in ergonomics, economy and power output relative to input effort.
PWAV looking good this AM. Looking for a push to $1 short term here.
Me too bud, gonna have one for each vehicle and my backpack.
-We have advanced with the development of the YoGen® to the point where we will be initiating mass production. The first pilot run of 100 units is scheduled for March 11, 2009, with the start-up of full mass production scheduled for April 9, 2009.
- We have finalized the design of the YoGen MaxTM and will soon be initiating the process to prepare that product for mass production
- In 2008, we executed an agreement with Al-Sadeef Trading Company in Jordan to handle distribution of our products in the Middle East, in which they have agreed to purchase 300,000 ($3,000,000) YoGen®s per year.
- We are currently in negotiations with substantial distribution firms for other territories and are confident that several additional agreements will be finalized in the very near future.
- we will be executing a marketing plan that will include efforts in the United States and Canada.
- I have good reason to believe, with the reasonable success of our in-progress marketing discussions, that Easy Energy's revenues for 2009 could reach $10,000,000 with resulting earnings of $3,000,000 or better.
- We expect to be making progress reports on a regular basis in the near future
- The company further announced that it is in negotiations with procurement officials of the military of one nation (unnamed for reasons of security and confidentiality), with the goal of developing an agreement to supply their forces with a military version of the YoGen(R) charger, and is looking forward to entering discussions with representatives of the military of a second country in early February.
Green Friday sounds good to me.
Morning people.
Hopefuly we'll see some nice movement on this one tomorrow.
You still holding this one?
PWAV - SC 13G filed today.
http://knobias.10kwizard.com/files.php?alld=ON&sym=pwav
Nice even close today. Just a matter of time here.
IT HELD!!!!!
Yep, they filed the 13g today.
It defintely should not be below freaking .50 LOL.
PWAV - Powerwave Technologies Reports Fourth Quarter Results
Fourth Quarter and Fiscal 2008 Highlights
Last update: 4:05 p.m. EST Feb. 5, 2009
SANTA ANA, Calif., Feb 05, 2009 (BUSINESS WIRE) -- --Fiscal Year 2008 revenue increased to $890.2 million, up 14.1 percent from $780.5 million in 2007
--Fourth quarter 2008 revenue was $180.3 million
--On a pro forma basis, excluding goodwill impairment charge and intangible asset amortization and restructuring and impairment charges, net income per share for the fourth quarter was 1 cent
Powerwave Technologies, Inc. (PWAV:Powerwave Technologies Inc
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PWAV 0.49, +0.03, +6.3%) , a global supplier of end-to-end wireless solutions for wireless communications networks, today reported preliminary results for its fourth quarter ended December 28, 2008.
Net sales in the fourth quarter were $180.3 million, compared with $230.6 million reported in the fourth quarter of fiscal 2007. Powerwave also reported a fourth quarter GAAP net loss of $322.8 million, which includes a non-cash goodwill impairment charge of $315.9 million, $34.7 million of restructuring and impairment charges, and $4.4 million of intangible asset amortization charges partially offset by a gain of $32.2 million from the repurchase of outstanding long-term debt during the quarter. For the fourth quarter of 2008, the GAAP net loss equates to a basic loss per share of $2.46. This compares with a net loss of $189.3 million, or a loss per share of $1.45 in the prior year period. For the fourth quarter of fiscal 2008, excluding the goodwill impairment charge, restructuring and impairment charges, intangible asset amortization and the gain on the repurchase of outstanding debt, on a pro forma basis, Powerwave would have reported net income of $1.1 million, or a basic net income per share of 1 cent.
Total revenue for fiscal 2008 was $890.2 million, an increase of 14.1 percent, compared with $780.5 million reported for fiscal 2007. Powerwave reported a total net loss for fiscal year 2008 of $349.1 million, or a basic net loss per share of $2.66, compared with a net loss of $309.5 million, or a basic loss per share of $2.37 for fiscal 2007. The results for fiscal 2008 include a goodwill impairment charge of $315.9 million and $81.1 million of restructuring and impairment charges and intangible asset amortization, while the results for fiscal 2007 included a goodwill impairment charge of $151.7 million and $77.3 million of restructuring and impairment charges and intangible asset amortization.
"We are proud to have recorded the highest annual revenue in the history of our company in 2008," said Ronald Buschur, president and chief executive officer of Powerwave Technologies. "During the fourth quarter, we continued to execute on our restructuring activities and exceeded our operating expense reduction targets, in spite of the difficult macro-economic environment."
"We remain committed to driving additional cost reductions throughout our business to further improve our operating performance during these difficult economic times. In addition, we continue to believe that we are positioned to benefit from future long-term growth opportunities within the global wireless infrastructure market place," he said.
Summary of Significant Items Impacting the Fourth Quarter
During the fourth quarter of 2008, Powerwave incurred total restructuring and impairment charges of $34.7 million, which consisted of $29.5 million related to the impairment of intangible assets from prior acquisitions. The remaining $5.2 million consists of severance and impairment charges primarily related to the announced closure of our Finland manufacturing activities, as well as charges related to additional site consolidations. The Company also incurred approximately $4.4 million of intangible asset amortization from previous acquisitions.
In addition, included in the expenses for the fourth quarter of 2008 are the preliminary results of a SFAS 142 "step-two" impairment test that resulted in a non-cash goodwill impairment charge of $315.9 million. Due to the significant decline in the market value of Powerwave's common stock during the fourth quarter of 2008, the Company determined that an indicator of goodwill impairment existed during the fourth quarter. We note that this goodwill impairment charge is preliminary and therefore is subject to change based upon the final results of the "step-two" impairment testing. The final results of such test will be included in our Form 10-K for the fiscal year ended December 28, 2008, to be filed with the Securities and Exchange Commission. The Company will have no remaining goodwill based upon this preliminary goodwill impairment charge.
During the fourth quarter, the Company repurchased a total of $43.7 million par value of its 1.875% Convertible Subordinated Notes due November 2024, resulting in a gain of $32.2 million.
Also during the fourth quarter, the Company's GAAP reported cost of goods sold included a charge of approximately $7.9 million related to both inventory determined to be excess and obsolete to the Company's ongoing operations, as well as inventory cancellation charges due to the reductions in demand given the current macro-economic environment.
The following is a brief summary of the significant items impacting the comparability of per share amounts for the three months ended December 28, 2008 and December 30, 2007. To calculate the per share impact of these significant items, an underlying effective tax rate of zero percent was used for both periods and the basic shares outstanding for each respective period was used.
Three Months Ended
(unaudited)
Summary of Significant Items Dec. 28, 2008 Dec. 30, 2007
Impacting Results
Intangible asset amortization ($0.03 ) ($0.06 )
Restructuring and impairment charges ($0.04 ) ($0.10 )
Impairment of intangible assets ($0.23 ) ($0.02 )
Non-cash SFAS 123R compensation charge ($0.01 ) ($0.01 )
Non-cash goodwill impairment charge ($2.41 ) ($1.16 )
Gain on repurchase of long-term debt $0.25 $0.02
Total per share impact ($2.47 ) ($1.33 )
In addition, below is a brief summary of significant items impacting the comparability of the gross margin percentage for the fourth quarter of 2008 on a GAAP, pro forma and non-GAAP basis.
Three Months Ended
(unaudited)
Dec. 28, 2008 Dec. 30, 2007
GAAP reported gross margin % 3.0 % 10.4 %
Add: Pro Forma adjustments
Intangible asset amortization 1.5 % 2.1 %
Restructuring and impairment charges 12.4 % 4.6 %
Pro Forma gross margin % 16.9 % 17.1 %
Add: Inventory excess & obsolete and cancellation charges 4.4 % 4.7 %
Non-GAAP gross margin % 21.3 % 21.8 %
Fourth Quarter 2008 Revenue Summary
In the fourth quarter of 2008, total Americas revenue was $41.9 million or approximately 23 percent of revenue, compared with $62.6 million, or approximately 27 percent of revenue in the fourth quarter of 2007. Total sales to customers based in Asia accounted for approximately 37 percent of revenue or $66.5 million in the fourth quarter of 2008, compared with approximately 27 percent of revenue, or $62.6 million in the fourth quarter of 2007. Total Europe, Africa and Middle East revenue in the fourth quarter of 2008 was $71.9 million, or approximately 40 percent of revenue, compared with $105.4 million or approximately 46 percent of revenue in the fourth quarter of 2007.
Sales of products within the antenna systems group totaled $37.3 million or 21 percent of total revenue, sales of products in the base station systems group totaled $127.3 million, or 70 percent of revenue and revenue from the coverage solutions group totaled $15.7 million, or 9 percent of revenue in the fourth quarter of 2008.
In the fourth quarter of 2008, Powerwave's largest customers included Nokia Siemens Networks, which accounted for approximately 38 percent of revenue, and Alcatel-Lucent, which accounted for approximately 15 percent of revenue in the quarter. In terms of customer profile, total OEM sales accounted for approximately 70 percent of total revenue, and total direct and operator sales accounted for approximately 30 percent of revenue.
In terms of transmission standards, 2G and 2.5G standards accounted for approximately 54 percent of total revenue, 3G standards accounted for approximately 42 percent of total revenue and WiMAX accounted for approximately 4 percent of total revenue during the fourth quarter of 2008.
Equity Compensation Expense
In accordance with SFAS 123R, share-based payment, the results reported herein include approximately $1.0 million of pre-tax compensation expense in the fourth quarter of 2008, and $4.8 million for fiscal 2008, the majority of which is included in operating expenses. This had the effect of increasing the loss per share in the fourth quarter of 2008 by 1 cent and increased the loss per share in fiscal 2008 by 4 cents. The impact in the fourth quarter of 2007 increased the loss per share by 1 cent and increased the loss per share in fiscal 2007 by 4 cents.
Balance Sheet
At December 28, 2008, Powerwave had total cash and cash equivalents of $50.3 million, which includes restricted cash of $3.4 million. In addition, during the fourth quarter, Powerwave paid approximately $10.9 million to purchase approximately $43.7 million par value of its outstanding 1.875% Convertible Subordinated Notes due November 2024. Total net inventories were $81.1 million, and net accounts receivable were $213.9 million.
Non-GAAP Financial Information
This press release includes certain non-GAAP financial information as defined by the U.S. Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, a reconciliation of this non-GAAP financial information to our financial statements as prepared under generally accepted accounting principles in the United States (GAAP) is included in this press release. Powerwave's management believes that the presentation of this non-GAAP financial information is useful to our investors and the investment community since it excludes certain non-cash charges and expenses arising from the acquisitions the Company has made, including the amortization of certain intangible assets resulting from the purchase accounting valuation of these acquisitions. Also excluded are restructuring and impairment charges related to the consolidation of our manufacturing and engineering facilities as well as the severance costs related to facility closures. In addition, excluded is the goodwill impairment charge related to the SFAS 142 impairment test as well as the gain on the repurchase of the Company's outstanding long-term debt. Management of Powerwave believes that these items should all be excluded when comparing our current operating results with those of prior periods as the restructuring and impairment charges will not impact future operating results, and the goodwill impairment charge along with the intangible asset impairment charge and the amortization of intangible assets are all non-cash expenses, and the repurchase of long-term debt will not impact future operating results.
Company Background
Powerwave Technologies, Inc., is a global supplier of end-to-end wireless solutions for wireless communications networks. Powerwave designs, manufactures and markets antennas, boosters, combiners, filters, repeaters, multi-carrier RF power amplifiers and tower-mounted amplifiers and advanced coverage solutions, all for use in cellular, PCS, 3G and WiMAX networks throughout the world. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. For more information on Powerwave's advanced wireless coverage and capacity solutions, please call (888)-PWR-WAVE (797-9283) or visit our web site at www.powerwave.com. Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
Attached to this news release are preliminary unaudited consolidated financial statements for the third quarter ended December 28, 2008.
Yep, just saw them and me likey.
ZLC - SC 13G also out today.
http://knobias.10kwizard.com/filing.php?param=&ipage=6110690&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp=
ZLC - SC 13G also out today.
http://knobias.10kwizard.com/filing.php?param=&ipage=6110690&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp=
PWAV - SC 13G filed today. Interesting being earnngs out this afternoon.
http://knobias.10kwizard.com/files.php?alld=ON&sym=pwav
LMAO.
ZLC making a move as well. Maybe it can keep it's gains today.
They should also bring back the uptick rule to chill these short bastards out a bit.
Sure would, wonder how long it would take to get a full charge using one of these devices by just sitting around watching TV and charging your laptop and cellphones instead of pluggin them in?
If they can market the Yogen products correctly and they do what they are said to do, then ESYE will be a huge success. I'm betting they succeed as of now.
Don't kow about the laptop charger but I will definitely be getting me severale of the cell phone chargers to put in my hiking/hunting pack and each vehicle.
I'm glad they don't keep secrets. In my expereince once that starts it's all down hill from there. Updates will be coming soon, especially after production starts.
Yep, ESYE is holding strong but it would be nice if the suposed news outlets and our elected leaders would quit talking down the economy every single day and at least try and give some sign of hope once in a while.
Green would be nice. Especially since the whole damn market is tanking AGAIN.
That's what happens when everything in the news deos nothing but bash the economy endlessly and does nothing to give anyone any hope at all. Times are bad no doubt, but once in a while some positive news would help.
Thinks so too Stevo. Just gotta have a little patience.
Morning people. Patiently holding here (and adding a bit here and there).
Earnings out today AH.
Morning people. PWAV earnings today after the bell.