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I think the M stands for Money!...if not Merlin, lol!
nilremerlin
big_money_outsiders: Another lame answer from you...I'm not talking about the volume today, I'm referring to your statement, alleging that institutions unloaded all the way down from $5 to .30. Either prove it, or shut up! Perhaps you have trouble understanding simple English!
nilremerlin
big_money_outsiders: that was a lame answer, and skipping around my challange to you. You stated:
"sorry but the market has spoken loud and clear from a high of over $5 to .30's ? Institutions would know best, they have been unloading all the way down."
Prove your statement. Show me where institutions have been unloading all the way down. I bet you can't!
nilremerlin
big_money_ousiders: I'm still waiting for an answer from you to the question I posed in my previous post:
http://www.investorshub.com/boards/read_msg.asp?message_id=13898423
I bet you won't answer, 'cause you can't back up your statement.
C'mon, I'm waiting...don't avoid it.
nilremerlin
Wireless: Seeking a voice in future of WiMax
International Herald Tribune
Published: October 9, 2006
MILAN WIRELESS
Eric Sylvers
A battle is brewing that may well decide how Europeans connect to the Internet using cellphones, laptops and other portable devices in the coming decade.
Mobile phone companies, chip makers and manufacturers of wireless networks are pushing their sometimes conflicting cases for how the limited amount of radio frequencies should be used to beam data from the Internet to mobile devices and back the other way, a decision that generally is left to national governments.
This week, Craig Barrett, chairman of Intel, was to meet with European Union officials in Brussels to call for "technology neutrality" on the issue. Intel wants the pieces of the radio spectrum to be used by the companies willing to pay the most for it, whether they are established cellphone companies or start-ups setting up wireless networks based on new technologies like WiMax, a trademarked term that stands for "worldwide interoperability for microwave access."
Intel is one of the biggest promoters of WiMax because it is beginning to produce chips that embed the WiMax technology. Intel says that by 2008, laptops will be WiMax-ready in the same way that many are enabled for the shorter-range Wi-Fi standard today.
Theoretically, WiMax has a reach of about 50 kilometers, or 30 miles, and it is already available in selected areas in some countries, including the United States, Britain, Spain, France, Germany and South Korea. The appeal of WiMax lies is its ability to cover large areas with a wireless network that would send data faster than Wi-Fi but would need far fewer antennas. The drawbacks are that the networks are not yet built and that WiMax achieves many of the same results as existing third-generation cellphone networks.
In most European countries, governments are designating the spectrum of 3.4 to 3.5 gigahertz for WiMax operators. Those operators say that band is just barely sufficient - and not enough to ensure an Internet connection does not drop when a user passes from the coverage area of one antenna to another, when, for example, on a train.
To guarantee the handoff, operators say they need to be able to use the part of the radio spectrum of 2.3 to 2.5 gigahertz. The rub is that many European countries have already set this aside for mobile phone companies should they need the added spectrum to improve their 3G mobile phone networks.
"The lower frequencies that will make WiMax mobile are the holy grail," said Patrick Cruise O'Brien, secretary general of the WiMax Spectrum Owners' Alliance, which is based in England and represents about a dozen mostly small, private companies that use WiMax spectrum.
"It would be detrimental to the future of European WiMax if the mobile frequencies were handed over to the 3G operators," said Cruise O'Brien.
"WiMax will only really matter in Europe if it is mobile."
Without handoff ability, WiMax works pretty much like Wi-Fi, he said.
The spectrum battle is less of an issue in the United States and much of Asia and Latin America because the spectrum of 2.3 to 2.5 gigahertz has not been reserved for companies building 3G mobile phone networks there.
In the United States, WiMax got a lift two months ago when Sprint Nextel, a mobile phone carrier, said it would invest as much as $3 billion to construct a nationwide WiMax network using the 2.5-gigahertz spectrum together with Intel, Motorola and Samsung.
Sprint plans to begin trials next year and start the service extensively in 2008.
Karim Lesina, Intel's government affairs manager in Brussels, said that without the 2.3-2.5 gigahertz spectrum, European operators "could lose the lead" they have in mobile technology.
The conflict is that a truly mobile WiMax threatens to make 3G mobile phone networks obsolete even before they are fully operational and after European operators spent €100 billion leasing the spectrum.
Some cellphone operators say they are interested in WiMax, but Cruise O'Brien and other industry experts wonder whether they will push a technology that threatens to trump 3G.
"Carriers spent a lot of money on 3G, and they want to reap the benefits of that investment," said Jagdish Rebello, who is based in California and is the principal analyst of wireless communications for iSuppli, a market research firm. "The 3G operators will do what they can to slow down the deployment of WiMax, which I don't see being rolled out until the beginning of 2008."
In addition to making WiMax mobile, the lower frequencies allow the same coverage as at the higher frequencies but with fewer antennas, Rebello said.
Vodafone, the largest European mobile phone company and the owner of 3G networks in Britain, Germany and Italy, among others, says it has tested WiMax but does not see any benefits over advanced 3G networks.
"Vodafone supports flexible use of spectrum," said Richard Feasey, director of public policy for Vodafone. "Before we can start discussing how the 3G expansion bands should be used, the industry needs clarity on how we'll be able to use our current spectrum in the future."
In Brussels, Barrett will be appealing to a group whose decisions are not always binding.
But the European Union works to ensure that the different parts of the radio spectrum are used for the same purpose across the 25 member countries and the body often sets the standard that countries follow.
http://www.iht.com/articles/2006/10/09/business/wireless10.php
nilremerlin
CTF evaluates Global Hawk system
Block 20 performs safety-of-flight engine run
The new Global Hawk Block 20 sits parked in an Air Force Plant 42 hangar in Palmdale, Calif. The Combined Test Force conducted safety-of-flight engine run tests and taxi testing recently. The Global Hawk is also scheduled to conduct takeoff abort test, and first flight. The first flight will deliver the Global Hawk to Edwards for more testing. (Photo by Bill Krause)
(high-resolution image)
10/6/06 – EDWARDS AIR FORCE BASE, Calif. – The Global Vigilance Combined Test Force conducted a milestone engine run and completed the first of several taxi events for the Global Hawk Block 20 at Air Force Plant 42 in Palmdale, Calif., Sept. 26 and 27.
The team conducted a safety-of-flight engine run to evaluate the Global Hawk and its interaction with the ground control elements of the aircraft system.
“The primary importance of this testing is to provide confidence to the entire test team and the program’s leadership that the Block 20 of the Global Hawk system is ready to taxi and complete a first flight,” said Thomas Bryson, Global Hawk Flight Test Northrop Grumman manager for test support activity. More...
http://www.edwards.af.mil/news/index.html
nilremerlin
big_money_outsiders: Show me where institutions have been unloading all the way down...I dare you! I'm prepared to show you otherwise.
nilremerlin
Is there any site that provides the Time & Sales record for pink sheet stocks? In any case, could someone please note the time of the first trade on GTE on Wednesday for me...I'd appreciate it very much. I only need to know the time of the first trade (hour, minute, second).
thanks,
nilremerlin
labrador: Trading pink is not necessarily bad:
http://finance.yahoo.com/q?s=LUKOY.PK
The SEC investigation is the final test in the gauntlet, a cleansing process before a representation to a better exchange.
Waiting to get on the OTCBB is a good idea, timing-wise, and getting on that exchange on ~Nov. 15th would be ideal, IMHO.
Some institutions and smart money will accumulate on the bottom area of the price range in the meanwhile...right now, nothing Big money is as it appears to be. You have to look behind the appearance to find the truth.
nilremerlin
justfrank, shrinkdew: Perhaps it's Thomas Jiminez coming out of retirement after a health improvement? Perhaps Lynch took on too much with his expanded role, and got stretched to the point of making some boo boos, perhaps ommissive due to lack of awareness?:
GlobeTel Communications' COO Lawrence Lynch's Expanded Role to Include Chief Financial Officer Responsibilities
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--April 10, 2006--GlobeTel Communications Corp. (AMEX:GTE) announced that Chief Operating Officer Lawrence Lynch has been appointed acting Chief Financial Officer, succeeding Thomas Jimenez who has retired for health reasons. Mr. Lynch will continue his responsibilities as Chief Operating Officer during this period, although it is the company's intention to appoint an equally accomplished professional to the permanent CFO position as soon as the recruiting process can be comfortably completed.
Mr. Lynch, former Chief Financial Officer for First Data Corporation - Latin America, has over 25 years experience in accounting, banking and card-related products. He began his career as an officer for the Irving Trust Company (now Bank of New York) and later as a Vice President of Security Pacific National Trust Company. In addition, Mr. Lynch has owned and operated several successful "acquiring-and-issuing" card companies in the United States and in Mexico. Mr. Lynch has a Bachelor of Science degree in Economics from Hofstra University, New York and an MBA from Adelphi University, New York. His significant international experience, coupled with his operational, financial and strategic planning capabilities are very beneficial to GlobeTel as it expands its presence in foreign markets. Mr. Lynch, his wife and seven children call South Florida home.
Timothy Huff, GlobeTel's Chief Executive Officer stated, "I would like to thank Tom Jimenez for nearly seven years of service to our Company. He's been instrumental in helping forge the future of the Company and getting us to where we are today. He has been a valuable asset and will be missed. We all wish him the very best as he manages the new set of challenges in his life."
Mr. Huff continued, "Larry Lynch's range of competencies is impressive. He has been a dynamic Chief Operating Officer since joining us almost two years ago. He has been a highly successful CFO at a major international financial services company and fully understands the complexities of today's public accounting environment. We're very comfortable with Larry assuming the duties of CFO until we're able to identify a suitable long term Chief Financial Officer."
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, strong stand-alone entities: Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VoIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Europe, South America, Mexico and the Caribbean.
For more information, please visit: www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT: GlobeTel Communications Corp.
Director of Investor Relations
Robert Bleckman, 954-775-1427
SOURCE: GlobeTel Communications Corp.
nilremerlin
Time & Sales (quotemedia)
Price Size Exch Time
0.35 300 PAC 18:43:06
0.35 4700 PAC 18:36:53
0.35 300 PAC 18:36:53
0.38 1000 NDD 18:28:30
0.37 1000 NDD 18:28:14
0.40 15000 NDD 18:26:06
0.35 15000 PAC 18:26:06
0.40 2200 NDD 18:18:49
0.40 2000 NDD 18:18:11
0.40 10000 NDD 18:17:38
0.41 2600 PAC 18:17:10
0.40 600 NDD 18:17:10
0.40 2000 NDD 18:17:10
0.41 300 PAC 18:17:00
0.40 5000 NDD 18:16:33
0.40 3000 NDD 18:16:02
0.39 300 NDD 18:13:31
0.39 5600 NDD 18:03:28
0.41 900 NDD 17:58:36
0.41 300 NDD 17:58:36
0.47 6200 NDD 17:55:57
0.45 300 NDD 17:55:53
0.45 6200 NDD 17:55:52
0.47 100 NDD 17:55:41
0.45 100 NDD 17:55:36
0.47 300 NDD 17:50:49
0.44 300 NDD 17:50:49
0.46 300 NDD 17:48:27
0.49 400 NDD 17:48:23
0.46 400 NDD 17:48:23
LAST 10 TRADES (Business Week)
Time Price Volume Exchange Info
18:47:40 0.350 300 Pacific
18:41:25 0.350 4700 Pacific
18:41:25 0.350 300 Pacific
18:33:03 0.380 1000 AMEX
18:32:49 0.370 1000 AMEX
18:30:41 0.400 15000 AMEX
18:30:41 0.350 15000 Pacific
18:23:17 0.400 2200 AMEX
18:22:46 0.400 2000 AMEX
18:22:12 0.400 10000 AMEX
(Nasdaq)
Time (ET) Price Volume
18:43 $ .35 300
18:36 $ .35 300
18:36 $ .35 4,700
18:28 $ .37 1,000
18:28 $ .38 1,000
18:26 $ .35 15,000
18:26 $ .40 15,000
18:18 $ .40 2,000
18:18 $ .40 2,200
18:17 $ .41 300
18:17 $ .40 2,000
18:17 $ .40 600
18:17 $ .41 2,600
18:17 $ .40 10,000
18:16 $ .40 3,000
18:16 $ .40 5,000
18:13 $ .39 300
18:03 $ .39 5,600
17:58 $ .41 300
17:58 $ .41 900
17:55 $ .45 100
17:55 $ .47 100
17:55 $ .45 6,200
17:55 $ .45 300
17:55 $ .47 6,200
17:50 $ .44 300
17:50 $ .47 300
17:48 $ .46 3,800
17:48 $ .46 400
17:48 $ .49 400
17:48 $ .46 300
17:24 $ .46 200
(FreeRealTime)
7:52:58 PM Bid 0.3 2900
7:52:58 PM Bid 0.3 5400
7:52:58 PM Ask 0.35 2900
7:32:08 PM Bid 0.3 2500
6:59:06 PM Bid 0.29 2000
6:55:36 PM Bid 0.3 4000
6:55:36 PM Bid 0.28 4000
6:55:36 PM Ask 0.53 2000
6:55:36 PM Ask 0.36 400
6:55:36 PM Ask 0.53 2000
6:48:28 PM Bid 0.34 3000
6:46:34 PM Bid 0.32 3000
6:46:30 PM Bid 0.28 4000
6:44:26 PM Bid 0.3 3000
6:43:24 PM Ask 0.37 100
6:43:24 PM Bid 0.28 4000
6:43:08 PM Ask 0.38 600
6:43:08 PM Ask 0.39 600
6:43:08 PM Bid 0.35 2200
6:36:56 PM Ask 0.35 300
6:33:54 PM Bid 0.28 4000
6:32:56 PM Bid 0.28 4000
6:32:44 PM Ask 0.35 5300
6:28:32 PM Bid 0.38 80800
6:28:20 PM Bid 0.38 81800
6:28:18 PM Bid 0.28 3000
6:26:08 PM Bid 0.4 81800
6:23:08 PM Ask 0.4 5000
6:18:52 PM Bid 0.4 96800
6:18:14 PM Bid 0.4 99000
6:17:12 PM Ask 0.41 600
6:17:12 PM Bid 0.4 99900
6:17:12 PM Ask 0.42 600
6:17:12 PM Ask 0.5 1300
6:17:02 PM Bid 0.41 2600
6:16:56 PM Ask 0.45 100
6:16:56 PM Bid 0.41 3000
6:16:56 PM Ask 0.5 1300
6:16:36 PM Ask 0.44 400
6:16:36 PM Ask 0.5 1300
6:16:36 PM Ask 0.45 400
6:16:36 PM Ask 0.5 1300
6:16:36 PM Ask 0.45 100
6:16:14 PM Ask 0.45 300
5:58:38 PM Ask 0.5 1300
5:58:16 PM Ask 0.42 6800
5:58:16 PM Ask 0.5 1300
5:58:16 PM Bid 0.4 99900
5:58:16 PM Ask 0.47 300
5:55:58 PM Bid 0.41 600
5:55:58 PM Bid 0.4 99900
5:55:42 PM Bid 0.47 6200
5:51:42 PM Bid 0.47 6300
5:51:42 PM Ask 0.5 1300
5:51:42 PM Ask 0.53 2000
5:49:56 PM Ask 0.49 1300
5:49:54 PM Ask 0.53 2000
5:48:48 PM Ask 0.5 1300
5:48:26 PM Bid 0.47 6600
5:31:58 PM Ask 0.53 2000
4:01:02 PM Ask 0.52 5000
4:01:02 PM Ask 0.51 8500
4:01:02 PM Bid 0.49 400
3:59:40 PM Trade 0.49 200
3:58:44 PM Trade 0.49 3500
3:53:48 PM Trade 0.5 1000
3:53:48 PM Ask 0.5 8000
3:53:48 PM Ask 0.5 100
3:53:02 PM Trade 0.49 100
3:52:56 PM Trade 0.49 400
3:51:12 PM Ask 0.5 9000
3:47:30 PM Ask 0.5 9400
3:46:54 PM Ask 0.5 400
3:46:36 PM Trade 0.51 11400
3:46:36 PM Ask 0.51 16100
3:46:36 PM Ask 0.51 15000
3:46:36 PM Ask 0.51 18500
3:46:34 PM Bid 0.49 17800
3:46:18 PM Ask 0.51 27500
3:46:08 PM Ask 0.51 18500
3:45:12 PM Bid 0.5 900
3:45:10 PM Trade 0.5 100
3:45:10 PM Bid 0.49 17800
3:45:10 PM Ask 0.51 15000
3:45:10 PM Bid 0.5 1000
3:45:10 PM Ask 0.5 100
3:45:10 PM Ask 0.51 15000
3:45:10 PM Bid 0.49 17800
3:45:10 PM Bid 0.5 1000
3:45:10 PM Ask 0.5 100
3:45:10 PM Bid 0.49 17800
3:45:10 PM Bid 0.5 1000
3:45:08 PM Ask 0.51 15000
3:45:08 PM Bid 0.49 17800
3:45:08 PM Bid 0.5 1000
3:45:08 PM Ask 0.5 100
3:45:08 PM Ask 0.51 15000
3:45:08 PM Ask 0.5 100
3:45:08 PM Ask 0.51 15000
3:45:08 PM Bid 0.49 17800
Full Moon tonight!
nilremerlin
Methinks there is a high probability of a late Thursday/early Friday news publication.
nilremerlin
Several UAV military contract awards today (my bold):
AAI Corp., Hunt Valley, Md., was awarded on Sept. 30, 2006, a $32,630,010 modification to a cost-plus-fixed-fee and firm-fixed-price contract for production of the SHADOW unmanned aerial vehicle systems and associated support equipment. Work will be performed in Hunt Valley, Md., and is expected to be completed by Dec. 31, 2009. Contract funds will not expire at the end of the current fiscal year. This was a sole source contract initiated on Jan. 11, 2006. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the contracting activity (W31P4Q-06-C-0292).
General Atomics Aeronautical System, San Diego, Calif., was awarded on Sept. 29, 2006, a $14,536,421 modification to a cost-plus-fixed-fee contract for contractor logistics support for IGNAT unmanned aerial vehicle operations. Work will be performed in San Diego, Calif. (75 percent), Adelanto, Calif. (5 percent), Palmdale, Calif. (5 percent), and Salt Lake City, Utah (15 percent), and is expected to be completed by Nov. 30, 2007. Contract funds will not expire at the end of the current fiscal year. This was a sole source contract initiated on Sept. 6, 2006. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the contracting activity (DAAH01-03-C-0124).
AAI Corp., Hunt Valley, Md., was awarded on Sept. 30, 2006, a $13,216,384 modification to a firm-fixed-price contract for engine modification kits and associated spares for the Shadow 200 unmanned aircraft system. Work will be performed in Hunt Valley, Md., and is expected to be completed by Sept. 30, 2008. Contract funds will not expire at the end of the current fiscal year. This was a sole source contract initiated on June 9, 2006. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the contracting activity (W31P4Q-06-C-0292).
Raytheon Co., Andover, Mass., was awarded on Oct. 3, 2006, an $11,552,393 increment as part of a $23,104,787 cost-plus-fixed-fee contract for the Rapid Aerostat Initial Deployment (RAID) system and RAID Eagle Eye systems. Work will be performed in Andover, Mass., and is expected to be completed by Aug. 30, 2007. Contract funds will not expire at the end of the current fiscal year. This was a sole source contract initiated on Sept. 25, 2006. The U.S. Army Space and Missile Defense Command, Huntsville, Ala., is the contracting activity (W9113M-07-C-0002).
AAI Corp., Hunt Valley, Md., was awarded on Sept. 30, 2006, an $11,449,800 modification to a cost-plus-fixed-fee contract for special unit training support preparations for the SHADOW unmanned aerial vehicle system. Work will be performed in Hunt Valley, Md., and is expected to be completed by Dec. 31, 2006. Contract funds will not expire at the end of the current fiscal year. This was a sole source contract initiated on Sept. 26, 2006. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the contracting activity (W31P4Q-06-C-0256).
nilremerlin
Wireless Silicon Valley RFP Responses Published:
http://wifinetnews.com/archives/006750.html
link to Blue Horizon Group pdf:
http://www.jointventure.org/programs-initiatives/smartvalley/projects/wirelesssv/documents/BlueHoriz...
an interesting read...
nilremerlin
grashelm: Unfortunately for you, what goes around, comes around, and you can expect to get what have given.
GlobeTel will prosper in spite of your efforts.
nilremerlin
The Juvinator:
"so I wired the money to Michael Molens account"
http://www.ci.nyc.ny.us/html/hhc/bellevue/home.html
nilremerlin
byron attacks Nasdaq and Pegasus; quotes cohort Asensio:
NASDAQ RINGERS
BAD-APPLE FIRMS WERE PICKED TO TOLL
MARKET'S BELL
August 21, 2006 -- EVERY weekday morning at 9:30, a group of executives from one or another of the companies listed for trading on Nasdaq gathers before a camera at a midtown Manhattan TV studio.
Then, while standing behind a stage prop designed to suggest a balcony above a trading floor, the group begins waving at the camera while a soundtrack of bustling crowd noises plays in the background.
Welcome to Nasdaq's make-believe version of the New York Stock Exchange ceremony known as "ringing the opening bell" which is aired live on CNBC, followed by a similar closing-bell ceremony each afternoon.
In reality, Nasdaq is an all-electronic network that disseminates stock quotes via computer to subscribing members, so it needs no bell to mark the start or end of daily trading. Nor does it need or have a trading floor teeming with workers, or a balcony for visiting dignitaries.
It only pretends to have these things, and CNBC plays along with the ruse.
As TV deceptions go, Nasdaq's faked daily rituals seem harmless enough - the outgrowth of the quotation service's ultimately successful decade-long campaign to elevate itself to the status of an actual, self-regulating exchange on a par with the NYSE.
Yet behind the charade lurks a more troubling deception, which arises from Nasdaq's efforts to infuse the bell-ringing stunt with significance.
The effort reflects an aggressive new commitment on Nasdaq's part to help boost the investment appeal of a listing on the exchange, which became officially self-regulating on Aug. 1.
Yet since Nasdaq not only runs the exchange but is itself a public company with shares listed on the exchange, its promotional efforts on behalf of the exchange automatically benefit any investor in the company's own shares.
Reviewing an exchange's advertising campaigns for hyped or exaggerated claims is the responsibility of the Securities and Exchange Commission, and Nasdaq's bell-ringing activities certainly invite such scrutiny.
On its Web site, Nasdaq says the CEOs of its bell-ringing companies belong to the top echelon of the "world's business leaders," implying that it is both a great honor and a special achievement to be selected to ring the bell. The unstated but obvious subtext to the message: that Nasdaq's bell-ringer companies make great investments.
A Nasdaq official claimed last week that companies selected for bell-ringing duty are put through a special pre-selection vetting process having tougher standards than those required of ordinary Nasdaq-listed companies.
But when the official was pressed for specifics, the only such additional standard turned out to be a minimum market capitalization "guideline" of at least $500 million for those selected to ring the opening bell, and $250 million for the closing bell.
According to the official, Nasdaq has the right to waive the guidelines when it wants to. A review by The Post of the more than 500 companies that have rung the bell for Nasdaq since January of 2005 reveals that the waiver right is exercised quite frequently.
As a result, rock-solid companies like Cisco Systems and Intel can turn up ringing the bell for Nasdaq at any moment. But so can troubled Nasdaq penny-stock companies that might at that very moment be mired in ongoing disciplinary or regulatory proceedings, or be the target of well-publicized law enforcement investigations.
Consider Greg Manning Auctions Inc., which rang the Nasdaq opening bell on Sept. 28, 2005. Four months earlier, Barrons weekly had published a lengthy investigative article questioning the company's extensive ties to a Spanish group that appeared to be operating an international pyramid scheme in collectibles.
The official purpose of the bell-ringing had been to commemorate the company's name change from Greg Manning Auctions to Escala Group Inc. But the high-visibility event also helped launch the company's stock on an eight-month-long joy ride in which it doubled to more than $30 per share.
The surge suddenly ended last May when Escala's stock price collapsed overnight to barely $4 per share after Spanish police raided the offices of Escala's owners and charged them with defrauding 350,000 small investors around the world.
Similarly, there's Take-Two Interactive, Inc., which rang the opening bell for Nasdaq on April 11 of last year. At the time of the bell-ringing, Take-Two Interactive had already been named as the target of an accounting fraud probe by the SEC's enforcement division, and was trying to negotiate a settlement deal with the regulators.
And how about Nestor, which rang the opening bell for Nasdaq on Aug. 24, 2005. Nestor was bolted together by the now-defunct Wall Street swindle machine of Rooney Pace, Inc. in a 1983 IPO at $4 per share. Its business plan: to develop computers with "self-organizing memories."
Available records for the company show that Nestor has reported an annual profit only once in the last 15 years (1996). As a result, the company was almost out of money from a group of backers that included the fraud-drenched Bayou hedge fund group, when it sold a $6 million private placement note, convertible into stock at $6 per share.
Now Nestor says the SEC wants it to undertake a massive financial restatement dating to 2003 for improperly accounting for the money, and has formally warned investors to steer clear of its stock until the matter is settled.
Nasdaq's most recent bell-ringer boo-boo: Allowing a company called Pegasus Wireless Corp. to ring the bell last July 21.
One of Wall Street's best known short sellers, Manuel Asensio, spotted Pegasus' ties to an accused Taiwanese super-embezzler named Hung Chiu-Hu, as well as to a group of securities fraudsters in Las Vegas, and to a disbarred lawyer in Florida.
Asensio posted his research on the Web, then sent a letter to Nasdaq asking why the exchange, which presumably knew much the same things about Pegasus as he had uncovered, had nonetheless decided to allow the firm to ring the bell.
He never received a response.
cbyron@nypost.com
nilremerlin
More questions than answers
10/02/06
By Alice Lipowicz
Staff Writer
Cost, schedule and technology of Boeing’s SBI-Net win undetermined
Homeland Security Department Secretary Michael Chertoff answered one big border surveillance question last month by naming the Boeing Co. as the prime contractor for the Secure Border Initiative Network.
But in answering that question, he raised a raft of new ones.
The first 28 miles of the 6,000-mile SBI-Net surveillance system is set for completion by spring 2007, but unresolved issues include how quickly the project will proceed, how much it will cost and what technologies it will deploy.
Looming over everything is whether SBI-Net will be more successful than previous border surveillance attempts.
For example, on the questions of scheduling and cost, Chertoff and DHS Deputy Secretary Michael Jackson pegged the expense of the first 28-mile phase near Tucson, Ariz., at $67 million, to be operational by next April. The initial contract will be for three years.
Jackson, asked repeatedly by reporters about analysts’ estimates of $2 billion to cover the entire Mexican and Canadian borders, refused to confirm the amount and said it was “totally unreasonable” to set an amount at this stage.
“Are you denying that $2.1 billion is an accurate figure?” Jackson was asked.
“Flat out denying it. Write it down,” Jackson said.
Chertoff weighed in on the price tag as well. “It’s supposed to be as inexpensive as possible. If we can get it for less than $2 billion, we’ll get it for less than $2 billion,” he said at the press conference.
Later in the press conference, Jackson said that Boeing will be paid a $2 million minimum under the SBI-Net contracting documents.
“Yes, there was a $2 million guaranteed minimum. We feel like that’s not going to be a problem to meet,” Jackson said.
The cost could soar, however. In congressional testimony Sept. 13, several technology experts said that speedy deployment of SBI-Net could lead to skyrocketing costs.
“In the short term, we’re looking at enormous expense,” said Gregory Pottie, associate dean for research at the University of California Los Angeles. “Over time, the system would work better, be less expensive and more efficient.”
“The borders can be secured,” Jay Cohen, DHS undersecretary of science and technology, said at the hearing. “The question is, to what degree ... we can do this, but at what cost, what timeline and what degree of fidelity?”
Dollars and questions
Experts predict that SBI-Net will run into the $2 billion to $3 billion range, an estimate that has not changed much since at least 2004, when a predecessor federal border surveillance system, America’s Shield Initiative, was valued at $2 billion. That contract was never awarded.
Questions also remain as to technologies to be deployed. DHS officials announced Sept. 21 that Boeing is to lead the winning team, because Boeing offered best value over the other four teams, but the officials offered few details.
All five competing teams put forth a mix of technologies, including cameras, sensors, radars and analytics. Many technologies would be placed either on towers or fences, or on mobile platforms such as unmanned aerial vehicles, and linked with border agents’ communications and radio networks.
Before winning the bid, Boeing officials described their solution as having few UAVs and possibly as many as 1,800 towers, which would support cameras and sensors.
However, on Sept. 21, Jackson was more circumspect about the tower configurations. Portable towers would be used immediately to speed implementation, and permanent towers would be phased in, he said. But, he added, what is used in the first 28 miles won’t necessarily be applied to the entire border.
That pre-supposes a smooth transition from portable to permanent towers, but experts said portable towers offer only limited wireless services, and it might take a decade or longer to complete the permanent installation.
Permanent towers typically are used along with fiber-optic cables that provide broad bandwidth and support much more robust communication networks.
“With portable towers, you can do immediate radio and communication, but the benefits of video would have to wait for the permanent installation,” said Chris Josephs, homeland security director for Cisco Systems Inc. Fiber-optic cables and permanent towers are expensive and time-consuming to implement and potentially could raise environmental and permitting issues. The Coast Guard’s Rescue 21 project, which is deploying communication towers along coastlines, has been behind schedule partly as a result of environmental issues and permitting delays.
Further into nowhere
The initial 28 miles might not be so difficult for SBI-Net, but once you get to remote areas with no power, the problems greatly increase, Josephs said.
On the other hand, Boeing’s lack of reliance on UAVs, in contrast to other teams, may have reduced its costs and been a factor in its favor.
“Integrating sensor data from many different UAVs is a lot more expensive than integrating it from stationary cameras on towers,” said an industry expert who asked not to be identified.
Boeing officials also claimed that because they make few UAVs, sensors or cameras, they will have more independence than the other bidders in their make-or-buy decisions for SBI-Net.
Several of the other bidders, including Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co., also make UAVs, sensors or other border security devices.
Some policy analysts believe make-or-buy was an argument in Boeing’s favor.
“Obviously, it is a lot easier to make the case [that] when you don’t make something, you will get the best available technologies,” said James Carafano, senior research fellow for homeland security with the Heritage Foundation think tank.
Chertoff and Jackson said DHS would set benchmarks to measure progress for SBI-Net to avoid the failures of the Integrated Surveillance Intelligence System (ISIS) surveillance system, which was deployed along U.S. borders starting in 1997. But they declined to give details on what those measures might be.
ISIS was criticized for cost overruns and lack of reliability. A December 2004 report from the General Services Administration inspector general found improper billing, failure to deliver appropriate systems and other shortcomings.
In addition, the DHS inspector general concluded in a December 2005 report that although $429 million has been spent on ISIS, the cameras are not fully integrated with the sensors, and the procurement has been marred by delays, cost overruns and ineffective oversight.
Chertoff said SBI-Net will avoid those problems, because it is more comprehensive than previous programs. “We’ve applied a strategic approach,” Chertoff said. “The key is integration. That did not exist before.”
The question is: Will it be comprehensive enough? Coast Guard officials have said that if SBI-Net is successful in closing off land borders, they expect an increase in the number of illegal immigrants and possibly terrorists attempting more water crossings. Jackson addressed this concern Sept. 21, stating that SBI-Net would be integrated with the Coast Guard’s Rescue 21 communication system modernization program.
But some experts said an even higher-level approach is needed.
“You cannot deploy SBI-Net in a vacuum,” Carafano said. “It has to be integrated with the Coast Guard and the Interior Department.”
Staff Writer Alice Lipowicz can be reached at alipowicz@postnewsweektech.com.
http://www.washingtontechnology.com./news/21_19/cover-stories/29404-1.html
nilremerlin
DOD 2007 budget authorized
10/03/06
By Kerri Hostetler
Contributing Writer
House and Senate conferees have authorized the Defense Department to spend $532.8 billion on its programs in fiscal 2007. Lawmakers reached agreement late last week on the National Defense Authorization Act for 2007.
The full House and Senate passed the conference report Friday; now the bill will be sent to President Bush to be signed into law.
The report includes $84.2 billion in procurement funding; $73.6 billion for research, development, testing and evaluation; $110.1 billion for military personnel; and $115.3 billion for operations and maintenance.
The committee said it is concerned with IT development, procurement and management across DOD. It believes that IT is one of the critical elements that make our military forces as lethal as they are.
Lawmakers recognize the challenges of building a fully integrated, secure, reliable system for a worldwide deployable military force and that the challenge is complicated by conflicting user requirements and a decentralized procurement system, but with a budget of $31 billion dollars, IT must improve, the report said.
Due to the challenges, the committee said selected IT programs should take a “prudent pause” in order to allow the broader development of the Global Information Grid, DOD’s classified and unclassified intranet. If paused, spending on these systems of the future could be more precisely directed to a more mature GIG backbone, resulting in greater efficiency and more rapid deployment of new systems, lawmakers said.
Lawmakers also said they are concerned about one of DOD’s largest programs, the Army’s Future Combat Systems. Members authorized $3.7 billion for armored systems modernization. This includes:
* $65.5 million for reconnaissance platforms and sensors
* $107.7 million for unmanned ground vehicles
* $17.7 million for unattended sensors
* $146.1 million for sustainment
* $570.2 million for manned ground vehicles
* $2.4 billion for system-to-system engineering and program management.
Conferees are worried FCS programs are at risk of becoming unaffordable and are requiring the Defense Acquisition Board to review the FCS’s growing costs.
FCS is designed to link manned and unmanned air and ground vehicles, unattended ground sensors, and a non-line-of-sight cannon-and-launch system via a common computer network known as the System of Systems Common Operating Environment and the Warfighter Information Network-Tactical program (WIN-T).
Conferees will limit FCS funds to $2.85 billion in any year after 2007 until funding priorities outlined in the report are met.
The report also outlines spending limits imposed on other major programs for which cost estimates are rapidly increasing.
Other highlights in the report:
* $2.6 billion for DD(X), the Navy’s next generation destroyer
* $240.5 million in servicewide communication for Navy Marine Corps Intranet, a decrease of $70 million
* $340.2 million to bridge Joint Technical Node with WIN-T
* $190.2 million to the Business Transformation Agency, a decrease of $50 million over last year.
Kerri Hostetler is a staff writer for Washington Technology’s sister publication, Government Computer News.
http://www.washingtontechnology.com./news/1_1/daily_news/29447-1.html
nilremerlin
Conservative or progressive?
By Roseanne Gerin
Staff Writer
Telecoms juggle varying approaches to networking among federal agencies
In a town where everything comes down to politics, two ideological factions divide the federal government’s telecom market: conservatives and progressives.
Conservative federal agencies maintain a conventional, status-quo approach when it comes to telecommunications, while progressives embrace and implement new technologies at a fast clip.
“There certainly is a faction [of those that are] comfortable in their own shoes,” said Anthony D’Agata, vice president of public sector-federal at Sprint Nextel Corp. “They have had network environments that are stable and have met their needs. There’s a natural resistance to change if something is working well.”
Other agencies want a new environment that can increase productivity and save money, D’Agata said, although he declined to name agencies that embrace convergence and those that have avoided it.
But in either case, telecommunications in the federal market continue to evolve into a comprehensive range of services that combine voice, data, video, wireless and satellite.
Swing set
The difference between conservative and progressive among agencies in the federal telecom marketplace hinges on convergence, or how well they integrate broadband Internet operations with landline and wireless networks to create a common, end-to-end network infrastructure. And some agencies are more converged than others.
The Defense Department has embraced convergence with its Global Information Grid-Bandwidth Expansion program, having spent $860 million thus far on the project. GIG-BE is the foundation of the Defense Information Systems Agency’s network modernization efforts and will feature a high-speed, fiber-optic network that will expand Internet protocol connectivity while accommodating legacy command, control and communications systems.
The Social Security Administration is another shining example of convergence. The agency is moving into converged voice, data and video and has implemented these services in its call centers, said Diana Gowen, senior vice president of the government services division at Qwest Communications International Inc.
Social Security has issued a request for proposals for a 10-year, $200 million contract that will replace its telephone systems at specified offices with a nationwide, voice over IP-capable telephone network system. RFPs are due by Oct. 10.
The Labor Department’s Job Corps also uses VoIP in its centers around the country, Gowen said.
By contrast, the more conservative Nuclear Regulatory Agency still has a frame-relay WAN with analog private lines, she said.
In both the Justice Department’s Justice Unified Telecommunication Network (JUTNet ) and the Agriculture Department’s Universal Telecommunications Network (UTN), agencies have blended telecom and IT capabilities, executives said. JUTNet is an IP voice, data and image network that will let agencies share information and provide enhanced security and continuity of operations. It will replace the department’s Justice Consolidation Network network infrastructure.
The Agriculture Department’s UTN data network backbone provides secure and robust telecom capabilities and enhanced network support services. The Justice Department is spending nearly $300 million a year on JUTNet, while the Agriculture Department is spending more than $110 million a year on UTN, according to FedSources Inc.
Three keys
Primarily, the agencies consider and buy telecom equipment and services based on their missions, needs and budgets, executives said.
The Treasury Department wants its own new network, the Treasury Communications Enterprise, and so does the IRS. They are at odds with what the General Services Administration is trying to do under its Networx program, said Abbas Yazdani, CEO of Artel Inc., a telecom and IT solutions company in Herndon, Va.
The 10-year, $20 billion Networx contract for telecom services will offer more than 50 core services, including wireless, satellite technologies and videoconferencing.
The program has two parts: a Universal part that will supply government locations with a range of telecom services nationwide, and an Enterprise part that will offer a mix of specialized IP or wireless services in specific geographical areas. GSA will issue multiple awards for Universal services in March 2007 and for Enterprise services in May 2007.
Those that embrace converged architectures can offer real-time information to users throughout their organizations, while others still knit their brows over security issues, said David Hawkins, vice president of engineering services at IT solutions provider Apptis Inc. He declined to name agencies that are slow to use converged technologies.
Although convergence has been a buzzword in the market for the last several years, IP and telecom have yet to be fully combined, some industry executives said.
“True convergence has not taken place,” said Jerry Edgerton, group president of Verizon Communications Inc.’s federal division. “The steps are there, but it will be an evolutionary process, not a revolutionary process, as we go through it.”
The government market already has attained technical convergence: the building of an IP infrastructure and integrating voice, video and data that was once separate, said John Johnson, GSA’s acting assistant commissioner for Integrated Technology Services.
“From that aspect, we believe we are there, that we can provide comprehensive end-to-end solutions via the Networx contract and the future Alliant contract,” he said. “Both of those contracts have positioned us exceptionally well to address the converged environment.”
Alliant is GSA’s 10-year, $65 billion procurement program that will let federal agencies buy a wide range of IT services. The agency will issue the final RFPs in October and award contracts in 2007. GSA plans to issue awards to between 25 and 30 companies for the $50 billion Alliant full-and-open contract, and between 40 and 60 awards for the $15 billion Alliant small-business contract.
Some industry executives agree with Johnson’s assessment about the integration of IP and telecom operations.
“Are they converged? Not yet,” said an executive at one of the carriers who declined to be named. “If that’s true, then why the [Alliant and Networx] contracts? Why isn’t there just one, which I think is GSA’s vision but it’s still a few years down the road.”
Staff Writer Roseanne Gerin can be reached at rgerin@postnewsweektech.com.
http://www.washingtontechnology.com./news/21_19/cover-stories/29403-1.html
nilremerlin
followingte: The Delta Aero Science website is still up:
http://deltaaeroscience.com/
Why don't you e-mail Richard McCreight and ask him what is up?
nilremerlin
Windrider: If you look at the bottom of the SWS logo on the BMT America website, you'll see it read in small print "SWS Communication Inc".
nilremerlin
SWS Communication Inc.
* Increased revenues by effectively and efficiently utilizing a high performance utility; MERA VoIP Transit Softswitch; employed in IP telephony nets for routing voice traffic to gateways. Designed and managed real-time signaling and media flows across network for delivery of premium IP communications services.
* Successfully designed and implemented safe and secure interconnections with customers and peering partners for reliable and cost-effective control of VoIP traffic.
* Effectively administered and optimized the LAN to maintain its performance, reliability, productivity and security. Installed and configured Cisco 827, 2821 and 5300 routers, Nortel’s Business Communication Manager and Spit Fire III auto dialers.
nilremerlin
nerd86: Noted shorter Manuel Asensio should be included in the miscreant bunch:
http://www.google.com/search?hl=en&lr=&q=Asensio+Pegasus+GlobeTel&btnG=Search
Fools refer to him.
nilremerlin
House Dems blast lack of fed policy change for small biz
09/28/06
By Ethan Butterfield
Staff Writer
Democrats on the House Small Business Committee today said Congress has failed in its efforts to help small businesses, specifically sighting its lack of action over the last two years.
The committee today released an assessment of the 109th Congress, detailing how not updating the tax code and failing to reform labor laws and procurement policies have contributed to what the report called “an environment where small firms often lack the tools to compete effectively.”
During the two-year reign of the 109th Congress, 280 bills became public laws, yet only 8 percent of those dealt with small business, the report stated.
“We talk about leaving no child behind, but we have left thousands of small businesses behind,” said Rep. Nydia M. Velazquez (D-N.Y.).
With interest rates rising and credit conditions tightening, small businesses are struggling to gain access to capital.
One key legislative change will affect small IT companies looking to acquire funding to develop new products. The change stems from a regulatory decision by the Small Business Administration that prevents venture capital-backed companies from using the Small Business Innovation Research program. SBIR offers funding to help small firms research and develop new products and technologies.
Legislation was introduced to allow companies to access both funding sources, but the bill has not been passed, the report states.
A key issue affecting small IT companies is the inaccurate representation and reporting of federal contracting data. A report released by the Democrats on the House Small Business Committee in July found almost $12 billion in miscoded federal contracts in fiscal 2005.
As a result, SBA’s claim that the federal government awarded 25.4 percent of all federal contracts to small companies is flawed, the report stated. When contracts awarded to large companies and other ineligible organizations, such as non-profits and state and local governments, were counted as going to small businesses are removed from the equation, the percentage of contracts given to small companies drops to 21.4 percent.
The federal government’s mandated goal is to award small businesses 23 percent of all contracts.
The report also noted the rise in contracts going to Alaska Native Corporations, and how that is leading to more contract bundling and hurting other minority business owners under SBA’s 8(a) Business Development program.
Because ANC’s can grow large and maintain their small disadvantaged business status, federal agencies “are increasingly likely to consolidate contracts and award these giant packages to ANC’s than to resolve the root problem of contract bundling,” the report stated.
ANC contracts have increased from 13 percent of all 8(a) contracts in fiscal 2004 to 22 percent of all 8(a) contracts in fiscal 2005, according to the report.
http://www.washingtontechnology.com./news/1_1/daily_news/29392-1.html
nilremerlin
I got an e-mail reply from Rob Bleckman regarding the date error in today's 8K. Rob wrote that he had already noticed it, and informed the filing service about it, but the service failed to correct it.
Rob said that he would take care of it. He also said that somebody on the boards would probably blow this small error way out of proportion, lol!
I was at the AMEX building around 4:00pm this afternoon, but saw no signs of Huff and company in the vicinity. Maybe thay were at Trinity Church across the street making a pre-appeal appeal, lol!
I have a feeling all went well.
nilremerlin
Today is a number 8 day. Historical odds favor GTE being up in price today:
http://ragingbull.quote.com/mboard/boards.cgi?board=GTE&read=209988
nilremerlin
Mistake in today's 8K (my bold):
"Item 8.01
On January 27, 2006 the Company disseminated a press release announcing the appointment of Patrick Heyn"
A Libra whoops! Should be September, not January, lol!
nilremerlin
Patrick Heyn has already been added to the GlobeTel BOD website page:
http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-govhighlights
nilremerlin
One interesting balancing factor of note regarding Patrick Heyn joining our Board of Directors is that he is not, nor has been, associated with Rubikon Partners (to the best of my knowledge), as several recent additions to our BOD are.
Not that that makes any difference of significance, just pointing out that factor, FWIW.
nilremerlin
AT&T Dismisses VoIP
By Rich Tehrani
President and Editor-in-Chief
I meet lots of companies that tell me they are in stealth mode. Generally speaking companies who believe they should run in stealth mode end up out of money and sold as distressed assets. Sometimes these corporations do get purchased at great multiples because they have great technology. But generally, stealth mode means no customers and means no future. Funny thing about customers – they can’t see stealth products.
What I have never seen however is AT&T (News - Alert) launching a division that starts with a massive splash and then ends up in stealth mode. Usually you start in stealth mode and slowly come out of it.
Truth be told, AT&T and other behemoth companies have so many products to sell they just can’t promote everything in their portfolio effectively---even if they want to. But in this case AT&T doesn’t seem to want to promote CallVantage.
So I shouldn’t have been too surprised to find out accidentally that AT&T CallVantage has a softphone. They are years behindVonage ( News - Alert) (by the way Tom’ Cancelling Vonage blog is still getting massive traffic) but still it was a necessity for them to come out with this product.
What is amazing is how low key this news has been. It came out September 12th and both TMCnet and the Voice over IP Weblog covered it. But years ago when AT&T CallVantage added support for a new area code the press and blogging world heard about it continuously.
AT&T seems to not care about the VoIP market or at least not CallVantage. That is how it appears from where I am standing. They seem to be going 100 percent to their fiber based solution called Project Lightspeed and CallVantage seems to just be something they have, but don’t discuss much in public. Kind of like that one relative you have you really don’t want to be associated with. You know the one who can’t hold their liquor and once they do start drinking, they start to blurt embarrassing stories about you. But I digress.
I guess it is enough work to be laying fiber around the states that you don’t have time to deal with marketing CallVantage at a price that could potentially lose the company money!
I say this as AT&T’s overhead is obviously massive and you need serious scale to make money from this product. If Vonage is hemorrhaging cash, could AT&T be doing any better? The last I heard their subscriber numbers were less than 100,000. It will be worth watching how AT&T treats CallVantage over time. Will there ever come a time where this product becomes important enough for them to lead with in their PR and other campaigns? Can it even last as a viable product without any attention?
Someone in the industry asked me recently why there is no strong competitor to Vonage – other than the cable companies. My answer was besides Packet8, that didn’t have the benefit of lots of cash to keep them going, other companies were probably stymied by AT&T’s entry into the market. Sure you haveSunRocket ( News - Alert) and a few others but AT&T’s VoIP announcements may have really helped Vonage more than it hurt the New Jersey Based broadband phone company.
So if Lightspeed continues to be rolled out effectively, perhaps AT&T doesn’t need to worry about CallVantage and instead can focus on triple and quadruple play offerings. But this could be years away. In the mean time the cable companies and Vonage seem to have a major opportunity to gain share. And perhaps that is fine with AT&T as they have enough money to just buy the VoIP leader anytime they want and theFCC ( News - Alert) wouldn’t even try to stop them.
Rich Tehrani is President and Group Editor in Chief at TMC. In addition he is the Chairman of the world’s best attended VoIP event, Internet Telephony Conference & Expo.
http://news.tmcnet.com/news/2006/09/27/1937581.htm
nilremerlin
FCC Creates Public Safety and Homeland Security Bureau
The US Federal Communications Commission (FCC) launched the Public Safety and Homeland Security Bureau. The new bureau was created to meet the needs of public safety by promoting robust, reliable, and resilient communications services in times of emergency. The Bureau will address matters related to public safety, homeland security, and emergency management and preparedness and will be organized in three divisions. First a policy division will develop the rules, regulations, and policies pertaining to 911/E911 public safety answering points, including communications interoperability, network security, and the licensing of public safety spectrum. The public communications outreach and operations division will be responsible for emergency response procedures and operations related to public safety, homeland and national security, and disaster management. Lastly, the communications systems analysis division will administer the information collection process such as network outage reports and will perform analyses and studies on public safety, emergency management, and disaster management.
from Telecom Daily
nilremerlin
BUYINS.NET: GTE, HDTV, IFOX, JAS, MTEX, UWNK Have Been Added To Naked Short List Today
Sep 27, 2006 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: GlobeTel Communications Corp. (AMEX: GTE), SpatiaLight Inc. (NASDAQ: HDTV), Infocrossing Inc (NASDAQ: IFOX), Jo Ann Stores Inc (NYSE: JAS), Mannatech Incorporated (NASDAQ: MTEX), uWink, Inc (OTCBB: UWNK). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.
GlobeTel Communications Corp. (AMEX: GTE) provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as prepaid calling services and IP telephony. The company's nontelephony products and services consist of Stored Value Card programs and outsourced Stored Value services, such as prepaid long-distance and international calling services, debit card electronic bank accounts, and funds sharing services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Pembroke Pines, Florida. With 103.9 million shares outstanding and 4.94 million shares declared short as of August 2006, there is a failure to deliver in shares of GTE.
nilremerlin
doctorS: I forgive ya'...it's a classic...Libras are prone to making mistakes!
This time of year AMEX will be liberal on the appeal.
GTE shareprice will be balanced back to the .70s
nilremerlin
doctorS: 5,000 X 30.00 = 150,000...move away from the operating table and put down the scalpel, lol!
nilremerlin
An interesting military contract awarded today:
Raytheon Systems Company, McKinney, Texas, is being awarded a $27,100,290 firm-fixed-price order under previously awarded Basic Ordering Agreement (N00164-06-G-8555) for Multi-spectral Targeting System (MTS) “A” configuration, including 27 (ea) Turret Units and associated line items In support of the Predator Unmanned Aerial Vehicle (UAV) program. The MTS is a forward looking infrared system for the Predator UAV’s. The MTS provides real-time imagery selectable between infrared and night vision camera, as well as a laser designation capability. Work will be performed in McKinney, Texas, and is expected to be complete by February 2008. Contract funds in the amount to 12,780,868, will expire at the end of the current fiscal year. The Naval Surface Warfare Center Crane, Crane, Ind., is the contracting activity.
_nilrem
Sanswired: Good post! Here is another site (Nasdaq) where the MF articles meet the retail investor under the heading of "Company News", when, in fact, the MF articles are NOT company news. This site and Yahoo should be inundated with complaining e-mails from us regarding the misplacement of these manipulative articles:
http://news.nasdaq.com/aspxcontent/newsHeadlines.aspx?mode=&kind=&symbol=NCTI&symbol=GTE...
nilremerlin
Latest Travelex news, not sure if this was posted yet:
Travelex acquires overseas businesses of Reisebank
Date : August 10, 2006
Travelex, the world’s largest non-bank foreign exchange payments company, today announces that it is acquiring the overseas businesses of Reisebank, the market leader of foreign currency in Germany for a price of approximately €3.4million. The acquisition involves 25 Reisebank branches in Austria, The Netherlands and Switzerland, and allows Travelex to enter the Austrian market for the first time. The retail foreign exchanges and money transfer businesses of Reisebank in The Netherlands are currently operated under the name Cash Express. These branches will become part of GWK Bank N.V., acquired by Travelex in 2004, and will operate under the name GWK Travelex. The Swiss branches will be acquired by Travelex Switzerland and will be integrated into the existing Travelex organisation in Switzerland. The Austrian branches will become part of GWK Bank N.V., subject to the approval of the regulatory authorities.
Clive Kahn, Chief Executive of The Travelex Group commented: "This acquisition will strengthen our existing Continental European operations and follows our successful acquisition of GWK, the Netherlands' leading foreign exchange specialist, in 2004. We continue to believe that there are a number of attractive opportunities for us to grow Travelex further in Continental Europe as the sector continues to consolidate."
Mr Wolf-Dieter Weschke, member of the board of ReiseBank and CashExpress, explains: “Becoming part of the international network of Travelex will provide the businesses of Reisebank in Switzerland and Austria and Cash Express in the Netherlands with new opportunities to grow in a changing environment and to offer new products and services to its customers."
About Reisebank and Cash Express
With 75 years of experience ReiseBank is Germany´s market leader for foreign exchange. In addition, international money transfer with Western Union, cash management, precious metals and the exploitation of ATMs are core businesses of the bank. ReiseBank has over 80 branches in Germany and is a subsidiary of DZ BANK AG forming part of the cooperative financial network with more than 1200 cooperative banks
About Travelex
Founded in 1976 by Lloyd Dorfman, Travelex is now the world’s largest non-bank foreign exchange payments company serving over 29 million customers each year.
Corporate Services
Travelex is the world’s largest non-bank provider of foreign exchange services to over 16,000 corporate clients across the globe. For financial institutions, Travelex provides business process outsourcing for foreign exchange products, cross border settlement and bankers’ drafts.
Outsourcing
Travelex is the world’s largest and most automated provider of outsourced travel money and related fulfillment services for banks, financial institutions and travel agencies, processing over 3 million orders annually. Travelex offers its customers a full range of delivery channel options including telephone and web-based ordering.
Retail services
40% of the world’s airline passengers now pass through airports at which Travelex operates its retail foreign exchange branches, including the major gateways at London, New York, Hong Kong, Frankfurt and Sydney. Other retail services and products range from prepaid cards, travellers cheques and money transfer to call centre services and travel insurance.
nilremerlin
gtewillwin & Starboy: As George Carlin would say..."military intelligence", lol!
Just kidding!
In my opinion, forward progress on an Air Dragon military contract won't resume until October 2nd (when Jupiter completes its post-retrograde shadow, Starboy), and I think a contract could materialize early December. Meanwhile, the military has been focusing on bolstering earlier UAV technologies, while reviewing the newer ones.
I'm hoping for a piece of the action with the Networx (sp?) contracts, something I informed Huff about via Mailman. If we can get the right piece of that contract, we'll be providing phone services to gov't agencies in the Alexandria, Virginia area, home of the Fotley Mule, and what an ironic twist of fate that would be! LOL!
nilremerlin
A couple of interesting military contracts awarded today:
Northrop Grumman Systems Corp., San Diego, Calif., is being awarded a $22,163,441 cost-plus-fixed fee contract modification. This effort is for the operation of the Global Hawk System in a forward theater of operation for a classified length of time, which includes personnel, equipment, logistics and communication support. At this time, total funds have been obligated. This work will be complete January 2007. 303 Aeronautical Systems Group, Wright-Patterson Air Force Base, Ohio, is the contracting activity. (F33657-03-G-4306/P0038)
Northrop Grumman Systems Corp., San Diego, Calif., is being awarded a $20,554,834 firm-fixed-price contract modification. This action provides for initial spares for RQ-4A and RQ-4B Global hawk Air Vehicles. At this time, total funds have been obligated. Solicitations began February 2006 and negotiations were complete September 2006. This work will be complete February 2008. 303 Aeronautical Systems Group, Wright-Patterson Air Force Base, Ohio, is the contracting activity. (F33657-03-C-4310/P00024)
nilremerlin