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THE BIGGER QUESTION IS........
IF FONG IS GONE WHO DO WE TALK TO THEN.......They are breaking there own fiduciary duty to there shareholders by leasing us without a ceo or even a cfo and by no means to contact anyone on the BOD.
10 Reasons Why I Wouldn't Bet Against Bing
by Aaron Goldman, 3 hours ago
bing vs. google, search
Three years ago, I laid out a 12-step program for breaking the Google habit, but have yet to personally conquer step two: “Believe that there is a greater resource out there.”
Now, as it relates to Bing and believing, I’m definitely not channeling my inner Monkee, but I would say I’m embracing the Journey.
Here’s why:
1. Bing has nearly doubled its U.S. market share since launching three years ago. When Bing first launched at the end of May in 2009, it stood at 8% share of U.S. search queries, per comScore. Today, Bing’s at 15.4%. Granted, it’s all come at the expense of Yahoo -- which makes the Search Alliance a wash, but it’s still an impressive feat. Watching Bing inch along each month, I’m reminded that Steve Ballmer’s taking the long view here. As he said in early 2010, “Tomorrow’s goal is to gain a few points, a tenth here, a tenth there, and just keep working and working.”
2. Bing really is for doing. After Bing launched, I played around with it for a few days and, as part of a lengthy review, concluded, “Bottom line, Bing is far and away the most serious challenge to Google that anyone's ever posed.” I still stand by that assessment. From the beginning, it wasn’t so much the functionality as it was the positioning of Bing as a “decision engine” that paid off the shrewd consumer insight that people search not to find but to act. Today, the functionality is catching up -- and, sure enough, Bing is for #Doing as these 10 features exemplify.
3. Google is distracted. Despite all the spring cleaning, Google still seems like it could use an order of the Garlinghouse special as the Big G moves forward with Motorola Mobility and sorts through assets of the other 25 companies it acquired in 2011. With the surging popularity of Chrome (#1 worldwide at 33%) and Android (#1 globally with 59% of smartphones) not to mention Gmail (350 million active users) and Google+ (just kidding), I’m reminded of my very first Search Insider column back in 2006, “Is Google Scrambling?” Indeed, with an upper-60% search share in the U.S. (and higher in other regions), it’s hard to fault Google for not doing more to innovate the search experience. Sure, the Knowledge Graph is cool, but it’s nothing more than an expanded one-box result and well-timed pre-IPO dig at Facebook’s social graph. Meanwhile…
4. Facebook has friended Microsoft. When Microsoft invested $240 million in Facebook at a $15 billion valuation in 2007, everyone assumed it was a move to box out Google and claim ad syndication rights. After the Facebook IPO topped $100 billion a few weeks ago, it’s clear the deal made good plain financial sense for Microsoft. But there’s more. Over the past few years, the two companies have teamed up on some serious search innovation. The new Bing is the best integration of social that I’ve ever seen on any search engine -- even Microsoft Research’s so.cl.
5. Skype integration. Microsoft has already incented Bing use via Skype credits. But “Bing and Skype are working on other ways [they] can help [their] users do more online.” I say, “Bing it on!”
6. Bing on Xbox is the future of entertainment search. OK, so those are their words, not mine. But, just like Siri on iPhone, Bing on Xbox is enhanced by voice and has native context for determining intent. Bing for iPad is no slouch, either.
7. They’re willing to pay you to use it. Rewards, anyone?
8. Windows phones ain’t bad. I’m not the only one dealing with #DroidRage, and some of the new Windows phones -- especially the latest from Nokia and HTC -- look pretty cool. Bing has a bunch of nifty mobile apps -- including Bing Local Scout and Bing Vision -- that come standard on Windows Mobile and will help drive further adoption.
9. It’s just so pretty. Those Bing homepage images are so darn good-looking, you almost forget what you came to the site to do. Um, yeah, maybe that’s not such a good thing. But you have to hand it to the Bing homepage images team. While you may not be able to play music with its logo, Bing does a pretty bang-up job of keeping things so fresh, if not clean, clean.
10. They have some very talented people. Now I won’t go naming any names, as one in particular is easily embarrassed, but Microsoft has brought in topnotch talent to push the Bing agenda. At the end of the day, your product is only as good as your people. And from Qi Lu on down, Bing has some horses I’d bet on. To be sure, I may not be ready to kick the Google habit just yet -- but, when it comes to giving Bing a shot, I’ll Have Another.
Read more: http://www.mediapost.com/publications/article/175770/10-reasons-why-i-wouldnt-bet-against-bing.html#ixzz1wNOQa4w8
This hiring was not done in a matter of days or even weeks, I bet you this type of hiring has been in the works for months. No way a company just hires a CFO in a matter of weeks. Hope it turns out the best for all of us.
Thanks for calling, I do think we will get something AH.
exactly and that is why he wont put out the disclosure statement to his shareholders... what a piece of work.
FINANCING ACTIVITIES:
SALES OF COMMON STOCK
ADDITIONAL PAID IN CAPITAL
34,379
46,669
Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the IPO roadshow.
Investors should be going after the underwriters not facebook it's self.
Based on his past experience he has taken a company private before... As far as for ATRN the story is not finished yet.
Hes not there CEO hes there new CFO.
No I dont think this has anything to do with FB. FB has plenty of cash to do whatever it wants. A facebook deal would have been done long ago. I think it's two companies that need each other..
Dont forget Motricity has the backing of.....Carl Ichan
Motricity lands $20M loan from investor Carl Icahn
Nathan has said that they will release news shorty. I think we will see something AH today.
Yea about 5 times. No answer. I am on the west cost so I was not able to call to early. It's lunch time right now in NY. I will wait tell market closes to call again.
I mean out of everyone they chose Nathan... A comapny that as of 2 weeks ago WAS ALSO TRYING TO SELL IT'S SELL OFF AS WELL.
Why go with Nathan?
Motricity Q1 loss grows, stock sinks
by TechFlash Staff on Friday, May 11, 2012, 7:36am PDT
Comments | Permalink
Technology | Motricity Inc.
Bellevue-based mobile marketing company Motricity Inc. reported its first-quarter loss grew to $8.7 million, or a loss of 19 cents per share, from a loss of $6.1 million, or a loss of 15 cents a year earlier.
Revenues fell to $22.8 million from $24.3 million in 2011. Analysts polled by Thomson Reuters First Call expected a first-quarter loss of 18 cents per share and revenues of $28.1 million. In early Friday trading, shares in Motricity (NASDAQ: MOTR) had fallen more than 15 percent, falling more than 11 cents to about 66 cents per share.
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business. As such, we decided to focus our resources on other strategic paths, including increasing the focus on our mobile media and enterprise business, broadening our solutions and services to North American carriers, and pursuing financing alternatives such as the proposed rights offering.
Maybe they both need each other..Both stocks used to trade in the high X.XX at one point not to long ago. They both work in some type of similar field. Sometimes your enemy can become your best friend.
Hopefully we get some type of news today AH... indeed both these companies do have a history with each other, one is back in 2009 when Atrinsic sued and settled with Motricity for $500k... Can things get any stranger...
Selling or shorting? They pretty much have been controlling the stock the last few weeks
Someone is on a buying spree today....
These 2 companies have a history with each other, back in 2009 Atrinsic sued them and they settled for 500k...They also do fit inline with somethings that Atrinsic does.
So they bring fong....in to save them...Strange...lol.
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business. As such, we decided to focus our resources on other strategic paths, including increasing the focus on our mobile media and enterprise business, broadening our solutions and services to North American carriers, and pursuing financing alternatives such as the proposed rights offering."
They were trying to sell the company as well.... Now fong is there
Wonder who was the buyer? Funny Atrinsic was for sale also....Now Fong is here?
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business.
Seems like they were trying to sell the company?
MUST READ
Motricity Q1 loss grows, stock sinks
by TechFlash Staff on Friday, May 11, 2012, 7:36am PDT
Comments | Permalink
Technology | Motricity Inc.
Bellevue-based mobile marketing company Motricity Inc. reported its first-quarter loss grew to $8.7 million, or a loss of 19 cents per share, from a loss of $6.1 million, or a loss of 15 cents a year earlier.
Revenues fell to $22.8 million from $24.3 million in 2011. Analysts polled by Thomson Reuters First Call expected a first-quarter loss of 18 cents per share and revenues of $28.1 million. In early Friday trading, shares in Motricity (NASDAQ: MOTR) had fallen more than 15 percent, falling more than 11 cents to about 66 cents per share.
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business. As such, we decided to focus our resources on other strategic paths, including increasing the focus on our mobile media and enterprise business, broadening our solutions and services to North American carriers, and pursuing financing alternatives such as the proposed rights offering."
MUST READ
Motricity Q1 loss grows, stock sinks
by TechFlash Staff on Friday, May 11, 2012, 7:36am PDT
Comments | Permalink
Technology | Motricity Inc.
Bellevue-based mobile marketing company Motricity Inc. reported its first-quarter loss grew to $8.7 million, or a loss of 19 cents per share, from a loss of $6.1 million, or a loss of 15 cents a year earlier.
Revenues fell to $22.8 million from $24.3 million in 2011. Analysts polled by Thomson Reuters First Call expected a first-quarter loss of 18 cents per share and revenues of $28.1 million. In early Friday trading, shares in Motricity (NASDAQ: MOTR) had fallen more than 15 percent, falling more than 11 cents to about 66 cents per share.
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business. As such, we decided to focus our resources on other strategic paths, including increasing the focus on our mobile media and enterprise business, broadening our solutions and services to North American carriers, and pursuing financing alternatives such as the proposed rights offering."
MUST READ
Motricity Q1 loss grows, stock sinks
by TechFlash Staff on Friday, May 11, 2012, 7:36am PDT
Comments | Permalink
Technology | Motricity Inc.
Bellevue-based mobile marketing company Motricity Inc. reported its first-quarter loss grew to $8.7 million, or a loss of 19 cents per share, from a loss of $6.1 million, or a loss of 15 cents a year earlier.
Revenues fell to $22.8 million from $24.3 million in 2011. Analysts polled by Thomson Reuters First Call expected a first-quarter loss of 18 cents per share and revenues of $28.1 million. In early Friday trading, shares in Motricity (NASDAQ: MOTR) had fallen more than 15 percent, falling more than 11 cents to about 66 cents per share.
Motricity officials said in a statement that their business is no longer for sale: "We decided to end the process of actively pursuing a sale of our business. As such, we decided to focus our resources on other strategic paths, including increasing the focus on our mobile media and enterprise business, broadening our solutions and services to North American carriers, and pursuing financing alternatives such as the proposed rights offering."
The whole point of the post was to show in BOLD pps. Now we are at the bottom. I wonder why they brought Nathan in, They could have had any one else...
The founder and CEO was sued by shareholders for misleading the Pr's and a few other things. Stock is at the bottom now.
Motricity New York
594 Broadway
Suite 1012
New York, NY 10012
United States
Tel: +1.212.792.9671 x100
Fax: +1.646.998.7534
(OLD NEWS)Motricity, Riding the Mobile Software Wave, Primed for $85M IPO This Week
The company is planning to offer 6.75 million new shares at a range of $14 to $16 apiece, according to its most recent prospectus filed with the Securities and Exchange Commission. If it can fetch the middle price in that range, Motricity will collect $101 million and start trading with an initial market value of about $580 million. After paying underwriting fees to JP Morgan, Goldman Sachs and its other underwriters, plus other expenses, the company expects to net about $86 million, which it says it will use to acquire other companies, products, or technologies. The company’s proposed ticker symbol is (NASDAQ: MOTR).
Motricity, founded in 2001 in Oklahoma, doesn’t make a lot of noise in the local tech community. It moved to Bellevue in late December 2007 when it acquired the mobile division of Infospace for $135 million, and has been growing since. The company’s mCore platform is now being used by four of the world’s 10 biggest global wireless carriers, and provides customized access to the Web for 35 million people a month using wireless devices, according to the prospectus. Motricity generated $113 million in revenue a year ago, about three times as much as it did in 2007. The company operates in the red, although its loss narrowed from about $78 million in 2008 to just $16 million a year ago.
If Motricity can pull off this deal, it will boost the net worth of some pretty prominent people. The biggest stockholders heading into the IPO are Advanced Equities (28.6 percent), billionaire investor Carl Icahn (13.8 percent), Technology Crossover Ventures (10 percent), and New Enterprise Associates (9.8 percent). Ryan Wuerch, 42, the company’s chairman, CEO and founder, personally has 1.5 million shares, about a 4.8 percent stake, according to the prospectus. Motricity had 355 employees as of March 31.
Rich as some of those people might get off the deal, it might not be as much as they were expecting. Motricity filed its original S-1 IPO document in January, and said it hoped to raise as much as $250 million. From the looks of this recent filing on June 7, that’s not going to happen.
Company is in rebuild mode after the founder ripped off investors.
Motricity Appoints Nathan Fong as Chief Financial Officer
Motricity, Inc. (MM) (NASDAQ:MOTR)
Today : Wednesday 30 May 2012
Motricity (Nasdaq:MOTR), a leading provider of mobile Internet services, today named Nathan Fong as its chief financial officer. Fong will join Motricity's executive management team beginning on June 12, 2012. Interim chief financial officer Stephen Cordial, a partner with Tatum LLC, will stay on with Motricity through a brief transition.
"Nathan has an entrepreneurial mindset, combined with strong, relevant experience at internet marketing organizations," said Jim Smith, interim chief executive officer, Motricity. "We are pleased to attract a professional of his caliber as we continue to work to transform the business and lay the foundation for long-term growth."
"After extensive due diligence, we believe that Nathan Fong is the right fit for Motricity. His experience and skill set is ideally suited to creating value for the company and its stakeholders," said Larry Ormsby, Senior Client Partner, Korn Ferry. "We are delighted that Korn Ferry was selected to help recruit this top-notch executive."
Fong, 48-years-old, has more than two decades of experience in corporate finance. He joins Motricity from Atrinsic, Inc., a direct-to-consumer Internet search-marketing company, where he served as chief financial officer and interim chief executive officer. Prior to joining Atrinsic, Fong served as executive vice president and chief financial officer of The Orchard Enterprise, Inc., an industry pioneer and innovator in digital media services. Fong has also served as chief financial officer of Rodale International, a global publisher of health and wellness books and magazines, and Discovery Networks International, a leading media and entertainment company. Earlier in his career, he was divisional vice president of finance at Twentieth Century Fox International. Fong has a Bachelor of Arts in Accounting from Michigan State University and a Master of Business Administration from the University of Rochester.
"I was attracted to Motricity's unique set of mobile assets and its close association with the carrier, enterprise and advertising industries," said Nathan Fong. "This is a very exciting time in the mobile industry and I look forward to being part of, and contributing to, Motricity's future growth alongside a talented team."
About Motricity
Motricity (Nasdaq:MOTR) empowers mobile operators, brands and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing and advertising solutions. Motricity leverages advanced predictive analytics capabilities to deliver the right content, to the right person at the right time. Motricity provides their entire suite of mobile data service solutions through one, integrated, highly scalable managed service platform. Motricity's unique combination of technology, expertise and go-to-market approach delivers return-on-investment for our mobile operator, brand and advertising agency customers. For more information, visit www.motricity.com or follow @motricity on Twitter.
The Motricity, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7813
Safe Harbor and Forward-Looking Statement
Statements made in this release and related statements that express Motricity's or its management's intentions, indications, beliefs, expectations, guidance, estimates, forecasts or predictions of the future constitute forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, and relate to matters that are not historical facts. They include, without limitation, statements regarding our ability to transform our business and our ability to attract and retain key employees. These statements represent beliefs and expectations only as of the date they were made. We may elect to update forward-looking statements but we expressly disclaim any obligation to do so, even if our beliefs and expectations change. Actual results may differ from those expressed or implied in our forward-looking statements. Such forward-looking statements involve and are subject to certain risks and uncertainties that may cause our actual results to differ materially from those discussed in a forward looking statement. These include, but are not limited to: the sufficiency of our liquidity and capital resources and our ability to raise additional capital or generate the cash flows necessary to repay our indebtedness; our reliance on a limited number of customers for a substantial portion of our revenues; our ability to realign our business, focus on our mobile media and enterprise business, broaden our solutions and services to North American carriers and obtain new customers for that business, or to broaden our solutions and services to North American; the highly competitive nature of the mobile services industry in which many of our competitors have significantly greater resources; the rapid technological changes in the mobile data services industry our ability to attract and retain key employees and qualified personnel; our ongoing leadership transition; our ability to recognize the expected benefits from the reduction in force and cost savings measures; the impact or our strategic review and our ability to consummate financing options on favorable terms or at all; our ability to integrate our acquisition of Adenyo and any future acquisitions and business combinations effectively; the impact of worldwide economic conditions and related uncertainties and the health of and prospects for the overall mobile services industry; risks related to the use and protection of proprietary information; our ability to develop strategies to address our markets successfully and to meet customer demands with respect to products, services, support and service level commitments; disruptions in datacenters services and other capacity constraints; uncertainties inherent in the development of new products and services and the enhancement of existing products and services, including technical risks, cost overruns and delays; our ability to tailor our complex solutions to our customers' needs; our ability to utilize net operating losses; our ability to maintain proper and effective internal controls; our reliance on third parties to develop content and applications, customer acceptance of such offerings and our liability with respect to such content; undetected software errors in our products and indemnity obligations and claims relating to our products and services; our ability to manage growth; impairment losses related to goodwill, intellectual property and equipment; risks and diversion of resources related to the litigation against us and our current and former directors and officers; actual or perceived security vulnerabilities in mobile devices; the impact of changing governmental regulations and our ability to comply therewith; risks related to the commercialization of open source software we use; the influence and control our principal stockholder may exert; and other uncertainties described more fully in our filings with the Securities and Exchange Commission.
CONTACT: Media Contacts:
Karl Stetson, Edelman for Motricity
(206) 268-2215
karl.stetson@edelman.com
Troy McCombs, Edelman for Motricity
(206) 268-2225
Troy.McCombs@edelman.com
Investor Relations Contact:
Alex Wellins
(415) 217-5861
alex@blueshirtgroup.com
unless they did not have to go for some other reason.
Notice how the PPS have been kept low for the last several months. I wonder why.
Looks like bottom was .54 now making it's way back.