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Regarding the jury trial - I thought we firmed up that it was a trial by Jury back when we had the conversation about Texas judges and whether or not this one was in Diac's pocket. We came to the conclusion that it wouldn't matter because it was a trial by Jury. Does anyone else remember something different?
I'm not saying that I would ever short this stock. I was simply relaying that volume may be unpredictable today because a number of sites and forums were recommending that day traders short the stock because they felt that yesterday's spike was not supported. And indeed, we may see the stock return to .07 if the trial is extended on Monday as folks pull back out.
hahaha... nice one... that's some in depth signaling going on.
The board is preparing to go to trial. At this point there has been no settlement with Daic and I doubt that our current board / legal counsel is going to provide him with one at this point. They are prepairing to go to trial despite what the docket looks like because the reality is that if they show up for court and the judge desides to have the trial and they are not prepared, it would be bad.
If it gets rescheduled, as many have posted on here before - this is the nature of the courts. Now is the time to get in though if you aren't already.
CLYW trip the radar screen of a dozen or so penny stock forums due to the volume spike and 30% rise. Look for folks shorting the stock tomorrow. Not sure if we are going to see another day of similar volume.
Regarding the trial on Monday:
1. The case is currently scheduled to go to trial on Monday.
2. Markle currently has a prior case scheduled.
3. There are a number of other cases also scheduled for Monday as well, many of which are older than ours.
4. It is up to the court's discresion which cases will be tried on Monday.
5. It is likely the our case will be postponed for a short amount of time, however this is not gaurenteed.
6. Our current BOD and Markle are prepairing to go to trial according to the following email response I received from them:
"...we are prepping for trial on the assumption that will happen as currently scheduled"
I'm out of the office for 1 day and I come back and this thing sells 2.7 million shares and jumps nearly 30%?
Maybe I need to get out more.
My vote is that Calypso doesn't want to settle and is going for the throat.
I also verified with the state court that there has been no new documents posted on the case since the 18th.
I called the State Court and they verified that the 3.12 charge by Markle was him requesting that 3 pages be faxed to him. They charge $1 per page and .12 for a credit card payment.
Relax folks - no news yet.
hahahahahaa... oh man... these drawings are a welcome relief from the drama... Love the new missle addition.
Anyone notice that Akshay Sharma will be speaking at the Super WiFi Summit in a couple weeks?
http://www.tmcnet.com/voip/conference/super-wifi/2011/east/speakers.aspx
This article REAKS of Calypso patent infringment:
- This year and 2012, you’ll see a shift around making Wi-Fi connections more seamless
- so gadgets can move between cellular and Wi-Fi connections without a stutter.
- Not all hand-offs are that seamless, however.
- Cellular to Wi-Fi exchanges of voice applications also work well on some cellular networks, such as T-Mobile.
- We need to create [seamlessness] in between cellular and Wi-Fi networks
- T-Mobile has been an early adopter of this strategy. In mid-December, the carrier announced a deal with Cisco that enables smooth transitions between its network and Cisco’s Wi-Fi network.
- Cisco plans to reveal names and details at Mobile World Congress, a major telecom trade show, in mid-February.
That last point is very interesting. Do you think that Cisco plans to announce a formal agreement wtih T-mobile, and by extension either a public or private Calypso settlement, at the Mobile World Congress in mid February?
Folks are starting to see the writing on the wall here. This is a great article and some great news for longs.
Regarding T-mobile and the article that was posted about them not investing in femtocell technology. This makes sense considering their push to utilize wifi instead. They have quite a strong base for wifi calls now with their t-mobile hotspots and with the new push into the enterprise sector with Cisco. It just makes sense. It is cheaper to implement, broad device support for wi-fi and less equipment to manage.
It would be a stall tactic unless the judge was in his pocket and decided to honor the request, albeit unfair.
Sounds good to me too. See you guys next month.
I agree. I also watch this stock every day. One day the volume is 13k, the next 500k. One second it is at .082, the next .072 and then back up to .081
I beleive Ben is right on the money on this one.
I doubt Calypso would be stalling so that Walsh can buy back in. The current BOD has done everything in its power to conduct itself above reproach. They are trying to illustrate both with their words and their actions that this is a new company that has substance and some assemblence of integrity. Walsh still holds a sizeable amount of shares and would benefit greatly from a settlement. I do beleive that if Walsh gets an insurance payout from the damage on his rental property that he will re-purchase shares at the current market level.
I called the court again and spoke with a number of folks. There have been no fillings on the case from either side since Sept and they would not either confirm or deny a verbal extension of the stay. The clerk mentioned that it is entirely up to the Judge as to how long "talks" can last without an official filing and depends on how the Judge views the circumstances.
To put the issue of Walsh's sale of stock to bed once and for all. I was doing some research today and was able to verify that Walsh's investment property was condemned by the city because of roof damage and interior water damage. He was given 7 days to show the city he had the liquid capital and intent to repair the roof immediately.
I agree that the settlement that was posed a few posts back is rather unlikely. I think a few hundred million for past damages and maybe $1 per device per month in licensing moving forward would be more likely.
The use of "seamless" in this article doesn't neccisarily imply seamless switching of voice and/or data between wifi and cellular. It does appear that the management of enterprise devices would be "seamless" as opposed to having multiple systems to manage devices, deploy security patches and whatnot.
Stock price is continue to chip away each day there is no news. The next big hurdle if no settlement is announced is the state case.
We are all still here. Like HR said though, nothing has changed. I was honestly surprised that it has been almost 20 days since the settlement deadline and there has still not been a peep. CES 2011 has come and gone with not so much as a wisper in the press from T-mobile and Cisco about enterprise seamless roaming.
You know folks are trigger happy when you trade almost a million shares on news of a guy fixing his roof. Can't beleive this stock swung over %20 today. It truly is entertaining at times.
And now the panic ridden masses put stop orders in for the MMs to dive down and scoop up. Come on folks - hold the line.
So I log in this morning and see the shareprice at .069 and over three pages of posts since my last visit. Here I am thinking something huge happened. I spend 45 minutes reading all the posts only to find out that a BOD member needed some quick cash for a roof repair and that he reluctantly sold a portion of his holding to cover the immediate costs with the hopes of buying back in as soon as possible.
The panic is unfounded. The folks on the BOD are guys like you and me. They have businesses and day jobs. They are working on this thing for FREE and are paying all day to day expenses out of their pockets. All of them have invested personal cash into buying shares. I assure you that an accountant is going to choose the best possible way to come up with cash and I am sure he understood the ramifications of his actions on the share price, but when you are presented with all the options, he obviously felt this one was the best.
Some history relating to Cisco and T-mobile for those interested:
Cisco acquired linksys in March of 2003 - right around the time that T-mobile and Calypso were developing / testing / demonstrating the ASNAP technology on the T-mobile network using linksys routers.
http://www.mobilemag.com/2005/05/16/calypso-c1250i-first-wifi-mobile-phone-with-asnap/
Calypso demonstrated the ASNAP technology in March of 2006 at the VON spring conference in California.
http://www.allbusiness.com/media-telecommunications/5380157-1.html
T-mobile comes to market with HotSpot@Home without Calypso patented technology in June of 2007 offering both D-Link and Linksys routers.
http://gizmodo.com/272612/t+mobile-introduces-hotspot-home
T-mobile disscontinues the hotspot@home service in January of 2010 after being put on notice by Calypso:
http://www.itweb.co.za/index.php?option=com_content&view=article&id=29170:tmobile-shuts-down-home-voip&catid=147:internet&Itemid=68
Cisco and T-mobile announce a partnership in December of 2010 to bring FMC seamless roaming to the enterprise:
http://www.computerworld.com/s/article/9201186/Cisco_T_Mobile_team_up_for_Wi_Fi_Calling_for_Business_system
So after looking at the technical history between these companies, you have to come to the conclusion that since Cisco owned Linksys during the trials with Calypso and T-mobile in 2005 and 2006, that they are also on the hook for infringment for the hotspot@home solution. They have also clearly been developing and implementing this technology into their products for the past several years.
Quit watching the stock charts with your eyes glued to the screen and your finger on the refresh button all day and you'll be ok.
I completely agree with this assessment - and further more, we have a substantial insider buy several weeks before the end of the stay, PR from both Cisco and T-mobile and formal documentation on Cisco's website describing the ASNAP patent.
These are really balsy moves by a company who knows they are infringing and specifically took their hotspot @ home product off the market as a result.
But, if there is a settlement, they make sense.
T-mobile doesn't stand a chance in court with this one. They clearly were involved with Calypso to demonstrate a product on their network to a large group of investors about 7 years ago. This product demonstration was a success. We are not talking about some MIT grad dreaming up some idea and writing it down and then patenting it. This was an actual demonstration on T-mobile's network with actual hardware and software. It is no coincidence that a few years later T-mobile came to market with the T-Mobile @ home service and benefitted greatly for the several years this service was on the market.
I've reviewed the new product that T-mobile and Cisco are offering the enterprise market and it seems like it is also infringing on the Calypso patent
T-mobile is trying to hit the enterprise market hard with some innovative seamless technology in 2011 that are designed to help the enterprise cut wireless communication costs. They don't want an injunction preventing them from selling product. A settlement is coming.
Well so much for my predictions for a settlement announcement before the end of the year or on the first trading day of 2011.
Regardless, I stand by my assessment that they must have gotten a verbal extension from the Judge to continue settlement talks since nothing has been filled officially otherwise.
I feel like a husband who set up a pool at the office guessing his wife's delivery date- lots of good information, baby is going to come any day now, venturing educated guesses, but still nobody has a clue.
I gotta hand it to the BOD though. There have been no leaks or pumping with bs press releases since they took the helm. Gives them some more credibility in negotiations considering the history of this company.
So it looks like nothing has transpired over the weekend. Happy Trading tomorrow folks - welcome to 2011.
I just saw the new jet... AWESOME... it actually looks just like me. :)
I am still getting through the posts since friday so I have no idea what's been happening since Thursday.
For me I think it is much more complicated with T-mobile because you have to factor in that they are currently infringing with Cisco on a new product. Does the settlement also allow for Cisco to license the technology through T-mobile. This is not an easy settlement to calculate which is why I suspect it has taken so long. T-mobile has their fingers in a lot of pots right now. I'd say 200 million would be fair with options for future licensing payments.
Then you have everyone else. Calypso could easily become a billion dollar company in a very short amount of time.
Unless it seamlessly switches, it is not infringing.
Hello Ben - it's been awhile, welcome back.
I am not a huge fan of chartology myself, but you gotta admit... that is a beautiful pennant formation...
Can we get a final rocket ship with a platform for tomorrow please? Can you put me in a window with red hair?
Get um while you can at these levels boys. I have a good feeling that tomorrow or Monday, these levels will be a distant memory.