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Hi nicmar, I just don't know with this market sentiment if SPRD might still go lower? I still have all my shares, and not adding more. If it runs again over $20 this year I'll likely sell and add to my RAX position.
"The guy spent 5 minutes or more asking two questions, which weren't really questions at all... they were complaints and hyperbole"
Gee...and some posters here spend days and days on complaints and hyperbole. I liked what Mr Espey had to say and from the sound of the applause, others liked it as well.
Nice! (eom)
Ahh, yes, it all comes down to.....execution. A bit ironic how various usages apply to IDCC....lol.
1. the act or process of executing
2. the carrying out or undergoing of a sentence of death
3. the style or manner in which something is accomplished or performed; technique: as a pianist his execution is poor
4. a. the enforcement of the judgment of a court of law
b. the writ ordering such enforcement
Thanks. In the post, I understand LT,PO,and SOTP. Do you know what is referred to as TAM and SMB? I'd go on a google hunt but I'm trying to listen to another co's ASM webcast. :)
"......tend to think the rumor of MSFT buying Nokia might be true so I will provide some comments for discussion."
Well, the blogger who posted the rumor has a good track record. From a Bloomberg article
http://www.engadget.com/2011/05/16/eldar-murtazin-microsoft-will-enter-negotiations-to-buy-nokias/
"We're inclined to believe there's at least some semblance of truth to Eldar's words because of his track record. Way back in December of last year, when nobody believed Nokia would deviate from its Symbian strategy, Eldar reported the similarly incredible-sounding news that Microsoft and Nokia were in discussions about the latter using Windows Phone as its main smartphone OS. That turned into reality this February, and more recently, the Russian mobile spy managed to also accurately predict Nokia killing off the Ovi brand in favor of an eponymous naming scheme for its services. And that's all on top of Eldar's knack for obtaining Nokia prototypes way ahead of release."
Thanks for the update, magilla'.....that's really too bad. Teecee's done a good job over there on that IDCC board, and I also always checked in to read laranger on a different board on AB.
Wish we could all just get along, and bring this (IHub)site back to the place for good info. Too many egos in the way of that ever happening again.
Ok..long weekend's here and I plan to relax and enjoy. Hope you do, too.
This is quite interesting from an old interview (2003) with one of the CAFC judges on our case, William Curtis Bryson. It is lengthy but a good bit of information throughout, imo. Here's a few clips:
http://howappealing.law.com/20q/2003_09_01_20q-appellateblog_archive.html
"Just look at the numbers. In a typical sitting week, a judge on our court will have, perhaps, sixteen argued cases and another eight submitted cases. We sit every month, and I spend the first week and a half to two weeks of each month working on opinions. So that leaves a week to a week and a half to read briefs in preparation for the week of sitting. That means I have five to seven working days to read and digest 48 briefs, not counting reply briefs. A dense, 60-page brief that is hard to plow through is not a very welcome sight in the middle of that process. It would be lovely if we had only four or five cases to prepare for each month and could devote days to each one, but there is no appellate court in the land that has that luxury. You can imagine how refreshing and effective a lucid, simple, nonrepetitive presentation can be in that setting. That is particularly true of an appellant's brief. The fact of the matter is that, as appellate court dockets get larger and larger, the presumption of correctness attached to lower tribunal decisions gets stronger. The default position is to affirm, and it is easy for an ineffective presentation to mask decent appeal points so that a case gets tossed into the "probable affirmance" pile early on. That's a hard pile to escape from, and you normally can't count on your brilliance at oral argument to save you."
"Oral argument: The thing that most surprises me the most about oral arguments is how unprepared lawyers are. By and large, the judges on our court prepare pretty thoroughly for oral argument (my experience is that the same is true of other federal appellate courts as well). As a result, a lawyer's lack of preparation sometimes has the awkward consequence that the lawyer knows less about the case than the judges do. We have had stunning instances of lack of preparation in cases before us, such as the failure on the part of one lawyer to have read the case on which the other side principally relied or, on many occasions, the failure to anticipate questions that are so obviously presented by the case that two or more of the judges trip over themselves asking the same question at the outset of the argument. All I can conclude is that people just don't appreciate the need for preparation or don't understand the kind of preparation that is necessary. In particular, lawyers do not seem to prepare by examining their own positions critically. I frequently see lawyers react with surprise and annoyance when the judges begin to ask questions that suggest some skepticism about the lawyer's position. Some of those lawyers become combative and surly rather than leaping to the opportunity to engage the court. I suspect that reaction comes from the lawyer's never having really thought critically about the weaknesses in his or her own case. The judges are not likely to ask about the strong points in your case; they will ask those questions of the other side. It is the weak points that you need to concentrate your efforts on, yet I think many lawyers don't do it.
I tell my law clerks that even though the comic book version of oral advocates is that they have to be silver-tongued orators, that is not at all the case. Lord knows, I was not. Preparation is everything, or nearly everything. If you are fully prepared, it is hard to be really bad, even if you consider yourself a miserable courtroom performer. And if you are not prepared, it doesn't matter if you are the second coming of Cicero; even Cicero is in trouble if he doesn't know what's in the joint appendix."
Interviewer: Some judges on the Federal Circuit are regarded as having more expertise in patent law matters than others, and a look at the biographies of all the judges suggests that some have more extensive patent law backgrounds than others. Does the Federal Circuit require that all precedential opinions be circulated internally before they are issued, thereby giving all judges on the court a chance to comment before the rulings are released to the parties and the public?
"Yes, and the practice is very valuable, not just in patent matters, but in all of our cases. Comments are fairly common, both from judges and law clerks in other chambers, and the comments serve to improve the quality of the opinions, to avoid embarrassing mistakes or omissions, and to minimize the need for en bancs."
Barclays Capital: IDCC Conference Feedback
http://www.investorvillage.com/smbd.asp?mb=65&mn=50427&pt=msg&mid=10536112
OCZ Technology awarded Dell design win, says Stifel Nicolaus
http://finance.yahoo.com/news/OCZ-Technology-awarded-Dell-theflyonthewall-3693794222.html?x=0&.v=1
Wednesday, May 25, 2011 at 1:45 p.m. ET - Barclays Capital 2011 Global Communications, Media and Technology Conference
InterDigital Executives to Present at May Financial Conferences
http://ir.interdigital.com/releasedetail.cfm?releaseid=575426
Spreadtrum Announces High Performance Multimedia Mobile Phone Solution
http://finance.yahoo.com/news/Spreadtrum-Announces-High-prnews-297009347.html?x=0&.v=1
"....The SC6800H is more than twice as fast as ARM7 based chips, and its ARM9EJ-S processor core with multimedia and GPU engine provides an enhanced user experience in mid-end feature phone. The solution supports JAVA, Internet access, GPS navigation, mobile stocks, MSN/QQ and many other popular applications in addition to a High-definition video player, and a 5 megapixel camera. It enables HVGA screen resolution with a fashionable user interface, such as the 3D UI and Flash UI, further improving the user experience. In terms of communication, the SC6800H integrates multi-SIM card engine and controller, which enable Dual-SIM standby, Triple-SIM standby and Quad-SIM standby solutions in a set of baseband and RF chipset. Furthermore, the SC6800H provides interfaces for a number of mainstream peripheral components such as Wi-Fi, GPS, Bluetooth, and analog TV."
In Oct 2010 the short interest in RAX was at a high of over 29M. While RAX shareprice steadily climbed, the short interest has dropped to 14.36M end of April 2011.
Perhaps on today's big drop a few more have covered....unltimately, this train will run over them. imo.
http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=RAX&selected=RAX
Rackspace Hosting Reports First Quarter 2011 Results
For the quarter ended March 31, 2011:
Net revenue of $230.0 million grew 28.6% year-over-year and 7.1% from Q4 2010
Adjusted EBITDA (1) of $75.9 million grew 27.8% year-over-year and 5.4% from Q4 2010
Net income of $13.8 million grew 40.9% year-over-year and 2.1% from Q4 2010
http://finance.yahoo.com/news/Rackspace-Hosting-Reports-bw-2524055923.html?x=0&.v=1
Spreadtrum beats by $0.05, beats on revs; guides Q2 revs above consensus (SPRD) 22.02 +0.76 : Reports Q1 (Mar) earnings of $0.50 per share, $0.05 better than the Thomson Reuters consensus of $0.45; revenues rose 163.0% year/year to $137 mln vs the $132.3 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $152-158 mln vs. $139.15 mln Thomson Reuters consensus, with a gross margin of ~42%.
http://finance.yahoo.com/marketupdate/inplay
Spreadtrum Communications, Inc. Announces First Quarter 2011 Financial Results
http://finance.yahoo.com/news/Spreadtrum-Communications-Inc-prnews-1247053327.html?x=0&.v=1
Spreadtrum beats by $0.05, beats on revs; guides Q2 revs above consensus (SPRD) 22.02 +0.76 : Reports Q1 (Mar) earnings of $0.50 per share, $0.05 better than the Thomson Reuters consensus of $0.45; revenues rose 163.0% year/year to $137 mln vs the $132.3 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $152-158 mln vs. $139.15 mln Thomson Reuters consensus, with a gross margin of ~42%.
http://finance.yahoo.com/marketupdate/inplay
Spreadtrum Communications, Inc. Announces First Quarter 2011 Financial Results
http://finance.yahoo.com/news/Spreadtrum-Communications-Inc-prnews-1247053327.html?x=0&.v=1
Business Outlook:
•OCZ expects revenue for fiscal year 2012, ending February 28, 2012, to be in the range of $300-$330 million, an increase of approximately 60%-75% from the $190 million reported in fiscal year 2011
•As a result of the Indilinx acquisition that closed on March 28, 2011, OCZ expects its gross margin to increase by 2%-4% within 12 months due to integration of Indilinx controllers into a greater range of OCZ products as well as increased sales of controller products
•OCZ expects that the additional working capital raised in the April public follow-on offering will contribute to improved profitability and support increased OEM Sales
•OCZ plans to continue to invest in its R&D and Marketing efforts in order to further build upon its leadership position
•Long term, non-GAAP model of gross margins of 28%-32% and operating income of 13%-17%
---------------------------------------------
Fiscal Q4 Revenue Increased Year Over Year by Nearly 100% to a Record $64.6 Million
SSD Sales Increased 380% to $58.2 Million
SAN JOSE, Calif., May 3, 2011 (GLOBE NEWSWIRE) -- OCZ Technology Group, Inc. (Nasdaq:OCZ - News), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, reports its fourth quarter (Q4'11) and year-end results for the fiscal year 2011, which ended on February 28, 2011.
http://finance.yahoo.com/news/OCZ-Technology-Group-Reports-pz-1055674907.html?x=0&.v=1
Yes, it will be sold at the "right" price, as management has made it very clear what their responsibility is to shareholders (ie: max value for the company).
That being said, it is management's desire and continued plan to grow and make RAX a great company. RAX is really at the early stages of what could be an absolutely terrific long term hold for a shareholder. They are hiring over 1200 new 'rackers' this year....company is a dynamic growth story.
The replay of the annual meeting is quite good.
"We haven't built this company to sell it....."
"We have the opportunity to build a 20-30 billion dollar company" (around minute 49 in link in prior post)
The meeting video is around an hour in length....well done, imo.
"NOTE: It is also becoming clearer that something is radically wrong at SeekingAlpha and a close look at front running upcoming articles, long and short, by those SA employees with access is warranted."
No kidding.....lots of front-running these days....sometimes, people even pay a premium to be in 'the know'.
;)
Rackspace ® Hosting (NYSE:RAX), the world's leading specialist in the hosting and cloud computing industry, will be live-streaming its annual meeting of the stockholders on May 3, 2011 at 8:30 a.m. CDT. The live stream will be available for viewing at http://www.ustream.tv/channel/rackspace-stockholder-meeting and access to a recorded version of the meeting will be made available on the Company’s website at http://ir.rackspace.com.
OT: Loop...."Perhaps an arbitration is in order."
And, perhaps it would go like this viral youtube posting:
First Quarter 2011 Highlights:
•Revenue of $78.5 million
•Net income of $23.3 million, or $0.51 per diluted share
•Ending cash and short-term investments totaling $527.4 million.
http://finance.yahoo.com/news/InterDigital-Announces-First-bw-2433208303.html?x=0&.v=1
Next Generation Rackspace Cloud Files with Akamai Integration
Press Release Source: Rackspace Hosting On Wednesday April 27, 2011, 10:00 am
http://finance.yahoo.com/news/Next-Generation-Rackspace-bw-3350922999.html?x=0&.v=1
OCZ..25-Apr-11 Northland Securities Initiated Outperform
http://finance.yahoo.com/q/ud?s=OCZ
Same...More money can be made elsewhere. I'm out of all China holdings except SPRD.
I think NEWN will just languish at these prices until there is more clarity and trust.
Amazon’s Trouble Raises Cloud Computing Doubts By STEVE LOHR
Published: April 22, 2011
http://www.nytimes.com/2011/04/23/technology/23cloud.html
A little trouble in Amazon's cloud today......
http://finance.yahoo.com/news/Amazon-failure-takes-down-apf-2858263645.html?x=0&sec=topStories&pos=main&asset=&ccode=
It's not uncommon for Internet services to become inaccessible due to technical problems, sometimes for hours or even days. But Thursday's outages were notable because Amazon's servers are so commonly used, meaning many sites went down at once.
Amazon did not respond to requests for comment. It has not revealed how many companies use its Web services or how many were affected by the outage.
No one knew for sure how many people were inconvenienced, but the services affected are used by millions.
Amazon Web Services provide "cloud" or utility-style computing in which customers pay only for the computing power and storage they need, on remote computers.
Seattle-based Amazon has big plans for AWS. Although it now makes up just a few percent of the company's revenue, CEO Jeff Bezos said last year that it could eventually be as large as Amazon's retail business. Competitors include Rackspace Hosting Inc. and Microsoft Corp.'s Azure platform.Some people consider cloud computing more reliable than conventional hosting services in which a small company might rent a handful of computers in a data center.
If one of them malfunctions, the failure can take down a website. But "clouds" like AWS use vast banks of computers. If one fails, the tasks that it performs, such as running a website or a game, can immediately be taken over by others.
BRIEF-RESEARCH ALERT-Craig Hallum raises Ocz Technology price target
Published: Thursday, 21 Apr 2011 | 8:11 AM ET Text Size
April 21 (Reuters) - Ocz Technology Group Inc: * Craig Hallum Raises Ocz Technology Group Inc price target to $13 from $10
http://classic.cnbc.com/id/42699439
A few twitter feeds on yesterday's action:
Needham analyst's $OCZ defense report: http://stk.ly/h9Pt5l
Forensic Accountant Debunks Copperfield Research's $OCZ Report http://stk.ly/hpkfxF
Copperfield Research Magically Releases Bearish $OCZ Report the Day after Large Put Volume http://stk.ly/hpL5Rb
Rackspace's Big Customers Keep It On Cloud 9
By VANCE CARIAGA, INVESTOR'S BUSINESS DAILY
Posted 04/19/2011 02:48 PM ET
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=569561&ven=yahoo
"In a note, Oppenheimer analyst Timothy Horan credited Rackspace for generating more revenue per customer by selling more services.
"(Rackspace is) well-positioned to become the dominant services company for cloud computing," Horan wrote."
Great day here today.....Go QPSA!! (eom)
May 9th earnings release and conference call. Yahoo shows 22 analyst estimates EPS at .12 average, and 23 analyst estimates at average 226.34M revenue.
http://finance.yahoo.com/q/ae?s=RAX+Analyst+Estimates
--------------------------
Press Release Source: Rackspace Hosting, Inc. On Friday April 15, 2011, 12:30 pm EDT
SAN ANTONIO--(BUSINESS WIRE)-- Rackspace® Hosting, Inc. (NYSE:RAX - News), the world's leading specialist in the hosting and cloud computing industry, will announce its first quarter 2011 financial results on Monday, May 9, 2011, after the close of the financial markets.
Rackspace management will host a conference call with the financial community to discuss the results starting at 4:30 p.m. ET, 3:30 p.m. CT, 1:30 p.m. PT. Lanham Napier, president and chief executive officer, and Karl Pichler, interim chief financial officer, will host the call.
To access the live conference call, please dial:
Toll Free Dial In: 888-339-3513
International Dial In: 719-325-2378
Passcode: 7358508
Legendary short seller Jim Chanos recently started going long on certain shares.
For the first time Chanos' Kynikos Associates LP filed a 13F form that showed several long positions in common stocks such as Citigroup(C_), NYSE Euronext(NYX_), NASDAQ OMX(NDAQ_), Focus Media Holding Ltd(FMCN_), Rackspace Hosting(RAX_), Terremark Worldwide(TMRK_).
It's well known that Chanos thinks there is a real estate bubble in China and he has been shorting it for the past year and a half. Yet, he had 159,000 shares of China Real Estate Info(CRIC_) Corp in his portfolio. Did Jim Chanos give up shorting? Why did he suddenly start going long?
Brian F. Nichols, CFO of Kynikos Associates LP, didn't respond to a message we sent him. We have three theories though. Short selling is a tough business. It is sometimes very costly in terms of time and money to locate and borrow shares. In certain circumstances it is more convenient to buy index funds to reduce the size of a short position. Chanos' largest holdings were S&P 500 ETF(SPY_) and Russell 2000 ETF(IWM_). He was also long China ETF and Vanguard's emerging markets ETF.
Our second theory is more radical. Chanos might have started accepting money from investors who want him to be market neutral. Chanos had only $83 Million in long stocks. Considering he manages about $5 Billion (not all of it invested in US securities), this may make some sense.
Our third theory is even more radical. Chanos may have started experimenting with a long strategy. Most long/short hedge funds are more talented on the long side of their portfolios because it is easier to pick winners. Chanos might have finally decided to do the easy thing and make billions instead of millions.
http://www.thestreet.com/_yahoo/story/11080016/1/legendary-short-seller-chanos-goes-long.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Interesting to see....perhaps management started making some of the purchases indicated in the conference call and PR.
"Senior Management of New Energy Commits to Personally Buying Approximately $1 Million of Stock via Open Market Purchases"
http://finance.yahoo.com/news/Senior-Management-of-New-prnews-3364277443.html?x=0&.v=1
Wow...over 10M shares traded. Here's a clip from 'the Street':
"One stock that looks poised to hit a major breakout is OCZ Technology(OCZ_), a provider of high-performance solid state drives and memory modules for computing devices and systems. This stock is off to a monster start in 2011 with shares already up 95%. Despite that huge run, the stock looks to be setting up technically for even more gains in the near future.
If you take a look at the chart for OCZ Technology, you'll see that the stock is starting to move out of a trading channel that it had been locked in for most of the year, ranging from about $7 on the lower end to around $9.35 on the upper end. Now the stock has started to move above $9.35 and break out on huge volume. On Thursday, upside volume was 4 million shares, which is well above the three-month average activity of around 1 million shares."
http://www.thestreet.com/story/11076895/2/5-stocks-setting-up-to-break-out.html
courtesy of ChaTea: (by the way, this has been deleted from IHub, so if you want to reference it ever, you need to print it out or save it. I imagine this post will be up less than a few minutes!
"Some Information about GeoInvesting
Also posted on the Yahoo board:
wallshite, great thread about GeoInvesting
(http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/threadview?m=tm&bn=111191&tid=8577&mid=8577&tof=7&frt=2).
I decided to verify your information to see if it matched up and did it ever! Thank you for your research and letting us know who is really behind these companies. I also decided that I’d like to find out more about The Market’s Edge/ GeoInvesting and the people who are listed as working there, and I came up with some interesting information. As I found out a lot of information, I thought that it may be best to start a new thread instead of tying yours up. Whenever I use information you have originally researched, I will make sure to reference that it was you who found it out.
First, I turned to www.corporationwiki.com to see what I could find out about Majed Soueidan (as well as Soueidan Majed, as he is sometimes referred to) and companies he is listed as being an officer of. Some of the companies are found on this link:
http://www.corporationwiki.com/Pennsylvania/Collegeville/1116-Pheasant-Ln-Collegeville-PA-19426-a2433949.aspx.
Some additional information can be found here: http://www.corporationwiki.com/Florida/Coral-Springs/markets-edge-frf-management-llc/28447925.aspx.
A few stood out for me. First, a number of businesses (like Medallion Transportation Ltd., the limo company mentioned before) are listed as being located at the same address as The Market’s Edge, so I decided to find out what sort of building this is. According to homes.com, the property at this address is actually a 4 bedroom, 2.5 bath residential home, not a commercial piece of property (link: http://www.homes.com/property/48309107/1116_Pheasant_Ln-Collegeville-PA-19426).
However, not only are The Market’s Edge and a limousine company located out of a residential home, but other companies associated with Mr. Soueidan are as well, such as Las Olas Management, LLC and Oriana Management, LLC. Also at this address is a company which is named Mms International, Limited, which is apparently the parent company of a coin-operated laundry and/ or drycleaner (which is indicated as being owned by Majed Soueidan) named DLC Laundromat (link: http://www.manta.com/c/mtmn8vl/mms-international-inc). Please remember DLC Laundromat’s ownership interest, as it will come up again later when we discuss The Market’s Edge’s Venture Capital activities.
Wow, this sure is one busy residential house! Talk about one-stop shopping: first, a company using this address will pick you up at the airport and take you to this residential home, where other companies, also listed at this address, will potentially offer you financial services, while a third company listed at this address will be happy to have its apparent subsidiary clean your underwear for the flight back home later on, and, again, the limo company will be able to return you to the airport. Amazing!
Is anything so far standing out as a potential red flag for anyone, yet, regarding GeoInvesting and The Market’s Edge? Doesn’t it seem strange that so many various businesses be located at one address, which, again, is listed as a 4 bed, 2 ½ bath residential address, including such companies as a HEDGE FUND (which appears to be what The Market’s Edge is referred to as being in the GeoInvesting About link: “Andy Schmoyer is a Hedge Fund trading assistant at The Market's Edge”) and a limo service?
The second thing that stood out for me is - what is Thongs, Inc?! Was Mr. Soueidan, the founder of The Market’s Edge and GeoInvesting, previously the officer of an underwear store? It looks like the company was started in 2003 in Fort Lauderdale, FL (link: http://www.corporationwiki.com/Florida/Fort-Lauderdale/thongs-inc-4365059.aspx, and bear in mind I’ll bring up that address again when discussing The Market’s Edge’s Real Estate section). I checked his bio on The Market’s Edge’s website, and nowhere is Thongs, Inc. or (if it is/ was an underwear company) his supposed underwear company officer experience mentioned; there just is information about his extensive financial experience working in IR (note that he did NOT work for an equity, debt, or derivatives research group, or even on a trading desk – just in investor relations) for Vanguard, and how he parlayed that into his current career. I’ll get more into the employees’ bios of The Market’s Edge later in another post.
Turning to The Market’s Edge’s Venture Capital page, wallshite has already showed that GeoInvesting’s domain name’s registrant is The Market’s Edge, Inc., but I also found it interesting that TownWatcher’s registrant is listed as The Market’s Edge, Inc. (http://www.whois.net/whois/townwatcher.com). Is TownWatcher, like GeoInvesting, also just another company owned and operated by the same people who own and operate GeoInvesting and The Market’s Edge? Also, wallshite showed that the address listed for Medallion Transportation is the same as for The Market’s Edge, but this also appears to be true for DLC Laundromat, since, as I have stated before, it appears that the laundromat is a subsidiary of Mms International Ltd which is located at the same address as The Market Edge (http://www.corporationwiki.com/Pennsylvania/Collegeville/mms-international-limited/57973529.aspx).
Plus, depending on the source, again, please note that the officer or owner of the laundromat is either Majed or Michael Soueidan.
I checked the Venture Capital page on The Market’s Edge, and nowhere is there any mention of the apparent ownership relationships that The Market’s Edge shares with GeoInvesting, and the potential ones it has with TownWatcher, Medallion Transportation, and DLC Laundromat: why is that? I think that as a prospective client of The Market’s Edge, I would like to know what the relationship is between The Market’s Edge and the other companies listed on its VC page. In particular, as Mr. Soueidan is indicated as being the founder of both GeoInvesting and The Market’s Edge, why is the GeoInvesting section only stating, “The Market’s Edge helped build GeoInvesting?” Why use the word ‘helped’? If the founder is the same person for both companies, Mr. Soueidan didn’t ‘help build’ GeoInvesting, he ‘founded’ GeoInvesting.
On the Real Estate page, the Fort Lauderdale ocean-front condo consultation (link: http://themarketsedge.com/realestate/) caught my eye (it’s the first one mentioned). This stood out to me as I remembered reading that a few companies (Thongs, Inc., Markets Edge Management, LLC, and Markets Edge Advisors, LLC) also were listed between 2003 and 2004 as being located in Fort Lauderdale; all, of course, had Mr. Soueidan listed as their officer (http://www.corporationwiki.com/Florida/Fort-Lauderdale/100-S-Birch-Rd-Apt-2304-Fort-Lauderdale-FL-33316-a1938683.aspx). The building located at this address is called Jackson Tower.
I decided to follow the link given on the Fort Lauderdale listing and arrived at a webpage for MMG Realty (link: http://www.lasolasbeachclub.com/luxury-services.asp). Looking at their maps section, I tried to see if 100 South Birch (Jackson Tower) was listed on their site, and, sure enough, found it (if you keep closing in on Fort Lauderdale find South Beach Park [it’s on 1A, just off the ocean], keeping going North a bit and you’ll locate Seven Isles – Jackson Tower is one of the red pegs to the right).
So, it appears that three companies in Fort Lauderdale which are listed as having Mr. Soueidan as their officer, also were located in a building which, possibly, The Market’s Edge consulted on a real estate deal. Is it beyond a reasonable doubt to think that the real estate deal actually involved the sale of one of The Market’s Edge’s or Mr. Soueidan’s own properties? If this is the case, should this really be considered a consultation if the property involved in the deal actually belonged to The Market’s Edge or Mr. Soueidan in the first place?
Thank you if you’ve made it this far. I’ll continue my examination of this topic soon. "
Of course, there's been this about Alibaba.com recently:
February 21, 2011 10:08 AM PST
Alibaba.com executives resign amid fraud probe
http://news.cnet.com/8301-1023_3-20034444-93.html
"NEWN - I just checked at alibaba.com for Anytone's products..."
Well, I wanted to mention that particular section in my prior post because I think RAX shareholders will enjoy a much higher share price if RAX stays independent and grows on it's own. RAX is a leader in managed hosting, and it's future in the enormous growth of cloud computing is really just beginning.
I am not one who is looking towards a buy-out.
That being said, it's nice to know that if a significant offer is received, that RAX publically states it understands the fiduciary responsibility to shareholders.
Either way, I believe I own a gold mine.
Thia part is good, too:
“I absolutely have a fiduciary obligation, and I work for the stockholders. But we’re trying to build something great, and greatness isn’t achieved overnight. We’re just getting going. When I think about the market opportunity to build the service leader in cloud computing, I think little old Rackspace will win that one," CEO Lanham Napier told Dow Jones Newswires.