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I find it curious that the other Barclay's (PLC) picked up 125,397 of those shares as a new holder in Q2. Maybe they're a tag-team!
nilremerlin
design333: Bank of America increasing their position greater than 1000% in Q2 appears pretty positive to me.
nilremerlin
design333: the Bank of America buy/add is .36% of O/S.
nilremerlin
I found the address and phone # for Asensi & Company, and tried the phone # to see if it presently works...it does:
Asensi & Company
747 3rd Ave.
New York, N.Y.
212-702-8800
Do with it what you will, and so will I.
nilremerlin
jaa007: Correction, it invited a false attack, which hardly anyone knows about, anyway, and it served to expose a previously unknown attacker/shorter of GTE.
nilremerlin
Asensio Exposed:
http://www.asensioexposed.com/hfhijinks.htm
nilremerlin
Short-selling advocate Asensio.com lies about GTE (my bolded comments):
"Despite The AMEX’s ‘LIHOP’ Policy, GTE Gets De-listed.
July 24, 2006
Despite The AMEX’s ‘LIHOP’ Policy, GTE Gets De-listed.
On July 19, 2006 the American Stock Exchange ("AMEX"), announced that the exchange was halting trading in GlobeTel Communications Corporation (AMEX: GTE $0.69) and was seeking to de-list the company.
The AMEX sought the delisting in response to "overly promotional press releases," GTE's failure to provide the Exchange information, and the conduct of members of GTE’s management "which, in the opinion of the Exchange, are contrary to the public interest."
Both the action and the language supporting the action are firsts in an exchange’s regulation. In fact, none of the 30 stock frauds uncovered, shorted and vividly exposed by Asensio & Company, Inc., received such treatment.
Parts of the problem are lop-sided regulations. We, and most businesspeople, oppose new regulations. Yet despite all the useless and harm-causing short seller regulations, many believe short selling should be even more strictly limited.
Recently, former SEC Chairman Harvey Pitt wrote in an article titled “Covering Up Naked Shorts” that “Short-selling is a useful and critically important capital market phenomenon, but only if done appropriately.”
For those of you who don’t remember, Mr. Pitt resigned under the cover of the eve of national elections, shortly after it was reported that his nominee to become head of the nation’s brand new Public Company Accounting Oversight Board, had himself been the Chairman of the Audit Committee of U.S. Technologies, Inc. (“U.S. Technologies”). U.S Technologies was a long-running penny-stock fraud that fired its auditors after fraud was reported to Mr. Pitt’s nominee, William H. Webster.
It is perfectly understandable that few would remember Mr. Pitt’s very brief tenure or his ignoble resignation. We have good cause to remember, and it’s not because we were a source for the earliest reports questioning Mr. Pitt’s choice to run the new auditor regulatory body.
After Asensio & Company Inc. spent 2 years lobbying for, and then assisting in a Congressional investigation of the AMEX, not as a gesture of civil duty but in a naïve and misdirected effort to protect and expand its business, Mr. Pitt swept the entire report under the rug. This was presumably done to grease the slides of a more misguided effort to merge the AMEX with the New York Stock Exchange. which was announced shortly after the report was released and the investigation closed. The silenced report’s finding was that the AMEX had let many frauds continue to trade on its exchange long after they should have been de-listed.
In Internet lingo, the AMEX had Let It Happen On Purpose, or LIHOP. So it is not surprising that we find the AMEX’s first departure from its well-known (at least among short sellers) LIHOP stock fraud policy of import.
GTE's delisting can be directly traced as the end result of the New York Post’s ("Post") Christopher Byron's investigative reporting. Since August 2005, Mr. Byron has been detailing the company's questionable management claims and stock-hyping press releases.
As recently as May 22, 2006 Mr. Byron suggested that the AMEX must de-list the company, or "if the AMEX can permit this scam-spewing monstrosity to continue trading in the face of all that has happened, then maybe the AMEX itself should be closed."
Mr. Byron also suggested that "The regulators of Wall Street may lack the power to arrest the burglars, but they certainly have the right to seize the burglary tools."
In response to Mr. Byron's May 22, 2006 article, GTE issued a press release calling Mr. Byron's work "journalistic pornography" and ludicrously suggesting that Mr. Byron "actually take the time to read" GTE's overly promotional press releases.
According to Gawker.com, GTE went as far as to have copies of the press release along with Mr. Boyd's (?couldn't even get Byron's name right?) photo taped on to Muni-Meter's outside the Post's Manhattan office with the statement "Christopher Byron is one NY Post columnist embodying so much of what is wrong with journalism that they ought to make it a case study in journalism schools."
(GTE had nothing to do with this, and I know it for a fact, since it was me who posted those copies around the NewsCorp building, in response to CB's August 1, 2005 sad excuse for an article, and I am not, nor have ever been, an employee of GTE)
The GTE case should indeed be studied in journalism school, and it should serve as the embodiment of everything positive that can be accomplished by socially responsible financial journalism at its finest.
The GTE case should also serve as a lesson to those Congressional leaders who are lending an ear to absurd complaints about short sellers, by the lowest-level of public company management."
http://www.asensio.com/PoliticalAdvocacy/CommentaryView.aspx?ReportId=734&CompanyId=154&Comp....
Asensio is a lying crook, may also be behind the short-selling conspiracy against GTE, and I'm going after him/them full-force! Here's a bit of their history:
http://www.nasd.com/PressRoom/NewsReleases/2000NewsReleases/NASDW_011426
nilremerlin
Danielle- Last year's Q2 was announced/filed on August 12th, a Friday. August 10th this year is on a Thursday, so maybe Comtex is assuming a pre-weekend sort of consistency in the announcement date, as opposed to post-weekend.
I expect Comtex may make another release when it is confirmed.
nilremerlin
Institutional uPdate: Bank of America reports buying/adding
378,068 shares of GTE in Q2 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions report holding 8,778,967 shares of GTE, 8.45% of O/S.
much more reporting to come...
nilremerlin
Institutional uPdate: Bank of America reports buying/adding
378,068 shares of GTE in Q2 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions report holding 8,778,967 shares of GTE, 8.45% of O/S.
much more reporting to come...
nilremerlin
FCC Affirms Broadband over Power Line Rules
As part of its ongoing efforts to promote access to broadband services for all Americans and to encourage new facilities-based broadband platforms, the US Federal Communications Commission (FCC) affirmed its rules for Access Broadband over Power Line (Access BPL) systems while maintaining safeguards against harmful interference to existing radio services. If harmful interference does occur, the Commission said that it will take appropriate action to remedy the situation. Today’s decision was adopted in response to a number of petitions for reconsideration of the BPL rules established in October of 2004. In particular, ham operators and TV broadcasters were opposed to the BPL rules due to worries about interference. The FCC specifically denied the petition of the both groups. Under the rules, equipment must be certified by the commission and scheduled BPL projects must be published in a public database 30 days before the trial or deployment.
from Telecom Daily
nilremerlin
FCC Issues NPRM on 700Mhz Band
By Kelly Teal and Tara Seals
Posted on: 08/04/2006
The FCC this week adopted a Notice of Proposed Rulemaking (NPRM) that would change rules governing wireless licenses in the 698MHz to746MHz, 747MHz to 762MHz and 777MHz to792MHz spectrum bands, which could be used for WiMAX and other so-called 4G technologies down the road.
These portions of the 700MHz band are set aside for commercial fixed, mobile and broadcast services (they do not include the portions allocated for public safety and other government uses). The spectrum was originally occupied by UHF TV channels 52 through 69 (698MHz - 806MHz), but was reallocated for use by other communications services by the 1996 amendments to the Communications Act.
The agency is seeking comments on the changes; it did not say when input is due:
• The NPRM seeks comment on the possibility of modifying the size of the geographic service areas and spectrum blocks, and on revising the performance requirements for the portions of the 700MHz band that have not yet been auctioned.
• The FCC also wants opinions on issues related to auctioned and unauctioned spectrum in the 700MHz band, including changing the rules for license renewal, license terms and power limits.
• It further wants to know how it can better facilitate the provisioning of wireless services on tribal lands.
A first auction round in the 700MHz saw Aloha Partners and Qualcomm Inc. emerge as the major license holders. The FCC is required to auction off the remaining unsold spectrum in the band by Jan. 28, 2008, under the Digital Television and Public Safety Act of 2005.
Aloha Partners intends to provide fixed and mobile wireless broadband Internet access services; Qualcomm plans to establish and market a mobile video service under the MediaFLO brand name to cellular and PCS operators. MediaFLO will support real-time video streaming to mobile handsets.
The 700MHz spectrum is attractive for wireless broadband operators because of the cost dynamics: the lower the frequency of operation, the farther signals propagate (in the 700MHz signals can easily penetrate indoors). A rule of thumb: a doubling of frequency equals a doubling of deployment costs, and at least a doubling of cell sites.
Thus, digital video broadcast and mobile broadband services can be made very cost effective.
"I expect that wireless services will continue to be an increasing part of broadband service deployment," said FCC Chairman Kevin J. Martin. "Consumers are increasingly demanding access to broadband services any time they want it, wherever they want it. This spectrum will help bring consumers everywhere more opportunities to use these services both at home and on the go."
Leaders for the National Telecommunications Cooperative Association agreed.
"This is very valuable spectrum with the potential for rural applications," said Jill Canfield, senior regulatory counsel for the organization. "We are pleased that the FCC is taking another look at their rules, particularly those involving the size of the geographic service areas."
FCC www.fcc.gov
http://www.xchangemag.com/hotnews/68h4155555.html
_nilrem
Implementing WiMAX in Legacy Mobile Networks
By Jorg Lippert
As WiFi (News - Alert) hotspots proliferate across the nation and wireless Internet access continues to become a part of everyday life for people on the move, there is a growing need for a universal broadband wireless access network. Because it supports high-throughput broadband connections over long distances and all IP architecture, Worldwide Interoperability for Microwave Access (WiMAX) is emerging as the most likely broadband technology to make that vision a reality. WiMAX can be used for a number of applications, including “last mile” broadband connections, hotspots, backhaul, and high speed enterprise connectivity.
To facilitate rapid deployments of innovative wireless services and technologies, including voice, data, video, and others, the Federal Communications Commission (FCC (News - Alert)) recently announced plans to auction 90 MHz of advanced wireless services spectrum — at 1,710 to 1,755 MHz and at 2,110 to 2,155 MHz. The spectrum auction is scheduled to start on June 29, 2006 according to the FCC. The availability of additional spectrum is expected to give an impetus to the deployment of broadband technologies, like WiMAX.
As more and more WiMAX networks are deployed, they will provide end users with widespread, reliable, cost effective access to basic and advanced IP services. The key benefits WiMAX offers network operators include: high spectral efficiency, higher capacity, and standards-based technology for fixed and mobile wireless access. The technology’s end-to-end IP architecture provides users with optimal connections that enable access to content-rich applications and services, like Voice over IP (VoIP).
While today’s network operators have their hands full growing their existing networks to keep up with demand for voice and simple data services, they do not necessarily need to delay their WiMAX deployments. This is because network operators can choose flexible service delivery platforms that are designed to integrate seamlessly into their legacy networks reducing the cost, complexity and time it takes to deploy WiMAX. Integrated service platforms allow network operators to reuse existing physical plant, operations support systems and back end infrastructure.
Access and Transport
Network operators have a big head start when deploying WiMAX access technology because they can install the new radios at their existing cell sites. In fact, using their existing footprints, most network operators find that they can reach 70-80 percent of their service area. Radios mounted at the tower need to be connected to a central switching station, which can be accomplished using the carrier’s existing Ethernet network or transport network.
Platforms that provide optimum power and system gain enable operators to minimize the number of base stations needed, which translates into reduced capital and operational expenses. Radio spacing also depends on frequency, so WiMAX platforms that flexibly adapt to a range of frequency channels and offer quadrature amplitude modulation help optimize the capacity of the new networks. Some also feature system software that optimizes system parameters for different application traffic demand and user position within a cell and is capable of assigning different priorities to different user groups.
Further integration is available to network operators that choose solutions that use a modular multi-standard base station (MBS) based on GERAN and UTRAN. This is because the MBS allows for the integration of all mobile communication technologies into one system, from GSM and EDGE to 3G/W-CDMA and HSPA, to WiMAX and Flash-OFDM.
Back End Integration
WiMAX is an access technology, but network operators need to do more than install WiMAX radios on their cell towers to provide customers with wireless broadband service. In addition to tying together the physical plant, a good wireless integration platform also ties the WiMAX network to the operator’s back office equipment.
For instance, access and usage policies can be enforced for WiMAX subscribers using existing back office infrastructure. For example, operators who already have Authentication Authorization and Accounting (AAA) servers can reuse them to enforce policy for WiMAX subscribers. For these reasons, it is important for network operators to choose WiMAX platforms and integration solutions that provide them the flexibility to integrate WiMAX as seamlessly and cost effectively as possible into their back office systems. A wireless integration platform that enables flexible authentication methods for casual and trusted users, subscriber management, and back end services is essential for providing a high quality user experience.
The platform works hand in hand with the policy server, which provides necessary portal management. For instance, when a user turns on a laptop that has WiFi, a portal pops up that allows the user or the device to look for available public networks. An existing customer may not see a portal at this juncture because he has already purchased service from the operator and the device has already been authorized and authenticated for the network. However, operators that want to accommodate roamers will need a portal to authenticate and authorize roamers to use their networks.
Applications
At the end of the day, WiMAX implies all IP-networking. Therefore, network operators that are finding VoIP to be too challenging to implement on their cellular networks can offer it on their WiMAX networks more easily. Cellular networks are more asymmetrical in terms of available bandwidth, but WiMAX can be implemented symmetrically, which makes it ideal for a full duplex application, such as VoIP.
All-IP also means WiMAX enables seamless interconnectivity with IP multimedia subsystem (IMS) elements, such as content distribution servers. As a result, common content and solutions can be offered for end users, no matter what device or service they use to access their applications. All the network operator needs to have in place are the necessary IMS core elements — CSCF, HSS, Policy Control, Media Gateways — which can be used to enable various multimedia applications over GSM, UMTS, CDMA, and WiMAX networks.
Key Success Factors
In order for WiMAX to succeed in the marketplace, there are key barriers that need to be overcome. First and foremost, the CPEs (customer premises equipment) must be made available in mass quantities at affordable consumer prices. Secondly, harmonizing global spectrum is essential to allow manufacturers to mass produce equipment at low prices and ensure that WiMAX devices work in different geographies. This will provide the technology the economies of scale that are so necessary for its future success. IT
Jorg Lippert is vice president and general manager, Mobile Networks, Siemens (News - Alert). For more information, please visit the company online at www.siemens.com.
http://www.tmcnet.com/voip/0706/featurearticle-implementing-wimax.htm
nilremerlin
FCC Loses Wireless Billing Case in Court
A federal court of appeals in Atlanta ruled that the US Federal Communications Commission (FCC) overstepped its authority when it told state regulatory bodies that they could neither require nor prohibit the use of line items on consumers' wireless bills. The issue is part of a wider effort by wireless carriers to keep states from regulating wireless services. States are permitted to regulate terms and conditions of bills but not rates, which are the purview of federal regulators. State regulators complained that wireless carriers were including line items that were not mandated by federal rules and were imposing surcharges and other fees that were questionable. In 2005, however, the FCC ruled that the states could not take action to stop the practice, which was also opposed by a national consumer advocates group. The Atlanta court ruled that the FCC "exceeded its authority when it preempted the states from requiring or prohibiting the use of line items. The scope of federal authority to regulate 'rates' or 'entry' does not include the presentation of line items on cellular wireless bills. This billing practice is a matter 'of other terms and conditions' that Congress intended to be regulable by the states." It is unknown whether the FCC will continue pursuit of the issue to the US Supreme Court.
from Telecom Daily
nilremerlin
Annual size recertification may become part of SBA regs
08/03/06
By Ethan Butterfield
Staff Writer
Large federal businesses preying on weaknesses in the Small Business Administration’s contracting programs to win work intended for small companies could face more robust requirements intended to aid small businesses, according to regulations in the Small Business Reauthorization and Improvements Act of 2006.
Chief among the new regulations are annual size recertifications. While SBA proposed annual recertifications for small businesses in 2002, it has been debating how to enact the measure since, SBA officials previously said.
During a recent interview with Washington Technology, Karen Hontz, SBA associate administrator for government contracting, said SBA staffers were still discussing the issue and hoped to publish something soon.
SBA certifies companies in a handful of its contracting programs, such as the 8(a) Business Development program, but allows self-policing and self-certification for the vast majority of companies that the federal government considers small businesses.
The Reauthorization Act was introduced by the Senate Wednesday, and today Sen. John Kerry (D-Mass.) took the floor to speak on the issue.
“We must stop fraudulent misrepresentation by large firms, and require [SBA] to start looking out for the interests of small firms,” Kerry said.
The issue of large companies winning small-business contracts has come to the forefront over the last few months as reports surfaced showing some of the largest government contractors, such as Lockheed Martin Corp., Northrop Grumman Corp. and GTSI Corp., atop the list of small-business contract winners for 2005.
The reauthorization bill strengthens several SBA loan programs, implements a women’s procurement program and requires that more small-business procurement center representatives are part of contracting teams to ensure regulations are upheld.
The bill also requires large prime contractors to meet small-business subcontracting goals, or face stiff penalties that could include the federal government withholding payments, or paying its subcontractors directly if the company failed to pay its teammates.
from Washington Technology
nilremerlin
further Institutional uPdate: Northern Trust reports selling (part of its position) 93,628 shares of GTE in Q2 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions so far report holding 8,400,899 shares of GTE, 8.09% of O/S.
Much more reporting to come:
nilremerlin
further Institutional uPdate: Northern Trust reports selling (part of its position) 93,628 shares of GTE in Q2 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions so far report holding 8,400,899 shares of GTE, 8.09% of O/S.
Much more reporting to come:
nilremerlin
Institutional uPdate:
1. Barclay's Global Investors NA/CA/ reports selling 1,623,172 shares of GTE in Q2, most of, but not all of its position (see page 2);
2. Metropolitan Life reports selling out its 40,172 share position in GTE in Q2 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions so far report holding 8,494,527 shares of GTE, 8.18% of O/S.
much more reporting to come...
nilremerlin
Institutional uPdate:
1. Barclay's Global Investors NA/CA/ reports selling 1,623,172 shares of GTE in Q2, most of, but not all of its position (see page 2);
2. Metropolitan Life reports selling out its 40,172 share position in GTE in Q2 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions so far report holding 8,494,527 shares of GTE, 8.18% of O/S.
much more reporting to come...
nilremerlin
I can't believe you have to ask that question, but the answer is:
If the date is 3/31, it indicates what the institution reported for Q1 activity.
If the date is 6/30, it indicates what the institution reported for Q2 activity.
We have no idea what an institution's Q3 (present) activity/status is, and we won't know that until mid-November when they report it.
Delisting does not automatically mean that an institution will drop its position in GTE. Look at LUKOY.PK, which is listed on the pink sheets, yet has ~36 institutional investors with positions:
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=LUK...
Get it now?
nilremerlin
ColeThornton: What do you mean they are "no longer" listed there...they were never listed there in the first place.
You twist and mislead...same to you.
nilremerlin
If anyone wants to submit a question about UAV platform contracts, here's the place to do it for the live online forum Thursday:
http://www.washingtontechnology.com/news/forum/forums/29022-1.html
nilremerlin
gary_17368: You're missing the fact that the shares were purchased in Q2, when the price was higher, not in Q3, which is now.
nilremerlin
Time & Sales (quotemedia)
Price Size Exch Time
0.58 130500 AMX 18:23:41
0.58 352600 NDD 16:07:25 hmmmmm...
0.58 400 AMX 15:56:49
0.57 100 NDD 15:53:50
0.57 6000 NDD 15:49:33
0.58 200 AMX 15:47:27
0.57 100 NDD 15:43:06
0.57 100 NDD 15:43:05
0.57 100 NDD 15:39:34
0.58 100 NSX 15:37:45
0.58 100 PAC 15:37:45
0.58 1500 NDD 15:37:45
0.58 400 NDD 15:37:45
0.57 100 NDD 15:36:42
0.58 2000 NDD 15:34:47
0.57 100 NDD 15:33:06
0.58 400 NDD 15:26:37
0.58 1700 NDD 15:26:37
0.58 400 NDD 15:26:37
0.58 700 AMX 15:25:16
0.58 1000 NDD 15:24:46
0.57 100 NDD 15:24:32
0.57 200 NDD 15:23:46
0.57 1400 NDD 15:22:16
0.57 100 NDD 15:22:05
0.57 100 NDD 15:20:57
0.57 100 NDD 15:20:28
0.57 100 NDD 15:18:22
0.57 100 NDD 15:18:21
0.57 100 NDD 15:17:03
LAST 10 TRADES (Business Week)
Time Price Volume Exchange Info
16:11:44 0.580 352600 AMEX at Bid
16:01:24 0.580 400 AMEX at Bid
15:58:25 0.570 100 AMEX
15:53:52 0.570 6000 AMEX
15:52:05 0.580 200 AMEX at Bid
15:47:41 0.570 100 AMEX
15:47:40 0.570 100 AMEX
15:44:12 0.570 100 AMEX
15:41:58 0.580 100 Cincinnati at Bid
15:41:58 0.580 100 Pacific at Bid
INET Time & Sales
Time B/S Shares Price
15:37:44.555 B 400 0.5800
13:13:18.748 S 100 0.5500
13:07:48.712 S 100 0.5500
13:03:04.689 S 100 0.5500
12:59:23.665 S 100 0.5500
12:53:38.126 S 100 0.5500
12:51:50.125 S 100 0.5500
12:45:03.104 S 100 0.5500
12:40:04.022 S 100 0.5500
12:35:01.064 S 100 0.5500
12:33:41.054 S 100 0.5500
12:27:25.704 S 100 0.5500
12:22:01.712 S 100 0.5500
12:17:04.702 S 100 0.5500
12:12:27.705 S 100 0.5500
12:07:44.442 S 100 0.5500
12:03:17.447 S 100 0.5500
11:58:41.568 S 100 0.5500
11:56:15.571 S 100 0.5500
11:45:19.549 S 100 0.5500
(Nasdaq AH)
Time (ET) Price Volume
16:07 $ .58 352,600
(FreeRealTime)
5:30:04 PM Ask 2.95 100
5:30:04 PM Bid 0.01 100
4:00:22 PM Ask 0.58 4900
4:00:02 PM Ask 0.58 7000
3:58:18 PM Bid 0.57 15400
3:58:00 PM Bid 0.57 5000
3:56:50 PM Ask 0.58 20100
3:56:50 PM Ask 0.58 20000
3:56:50 PM Ask 0.58 19900
3:56:48 PM Trade 0.58 400
3:53:50 PM Trade 0.57 100
3:53:32 PM Bid 0.57 16100
3:53:18 PM Bid 0.57 5000
3:53:18 PM Bid 0.57 16400
3:52:54 PM Bid 0.57 5000
3:51:12 PM Ask 0.58 20100
3:49:32 PM Trade 0.57 6000
3:49:32 PM Bid 0.57 2800
3:47:46 PM Ask 0.58 99900
3:47:28 PM Ask 0.58 19900
3:47:26 PM Trade 0.58 200
3:43:06 PM Trade 0.57 100
3:43:04 PM Bid 0.57 8800
3:43:04 PM Trade 0.57 100
3:43:04 PM Bid 0.57 8900
3:39:34 PM Trade 0.57 100
3:39:34 PM Bid 0.57 9000
3:37:46 PM Ask 0.58 20100
3:37:46 PM Ask 0.58 20000
3:37:46 PM Ask 0.58 19900
3:37:46 PM Ask 0.58 20100
3:37:46 PM Trade 0.58 100
3:37:44 PM Trade 0.58 100
3:37:44 PM Trade 0.58 1500
3:37:44 PM Trade 0.58 400
3:37:44 PM Ask 0.58 20000
3:36:42 PM Trade 0.57 100
3:36:42 PM Bid 0.57 9100
3:34:48 PM Ask 0.58 20200
3:34:48 PM Ask 0.58 20100
3:34:48 PM Ask 0.58 20000
3:34:46 PM Trade 0.58 2000
3:34:04 PM Ask 0.58 20200
3:34:04 PM Ask 0.58 20100
3:33:08 PM Ask 0.58 20200
3:33:08 PM Ask 0.58 20100
3:33:06 PM Trade 0.57 100
3:33:06 PM Bid 0.57 9200
3:26:36 PM Trade 0.58 400
3:26:36 PM Trade 0.58 1700
nilremerlin
It's about time, lol...
Catholic Church admits Galileo was correct, and
US Drops 1898 Long Distance Excise Tax
The US Internal Revenue Service (IRS) and the US Department of the Treasury decided after more than 100 years to stop collecting an excise tax that was levied in 1898 to help finance the Spanish-American War. All phone companies marketing long distance service are legally required to eliminate the three percent tax on the service. In 1898, the excise tax was seen as a way to have the wealthy fund the war since only wealthy people had phones. Verizon Communications announced that it had stopped collecting the tax as of August 1st. It was collecting it on monthly consumer telephone bills for long distance and bundled services. Verizon also said that customers of the services may be eligible for rebates on the tax paid in 2006. The IRS would be responsible for the rebates.
nilremerlin
matthew633: Yes, 9.78% is the highest % so far.
nilremerlin
David Borland and Megan Gamse on hot DOD contracts (my bold)
08/02/06
By Roseanne Gerin
Moderator
Staff writer Roseanne Gerin will moderate an online forum Thursday, Aug. 3, from noon to 1 p.m. ET featuring Input Inc. business analysts David Borland and Megan Gamse, who will be available to field questions about this year's hot Defense contracts. From IT services to managing critical communications networks to developing sophisticated UAV platforms, the defense market is brimming with billions of dollars in new business, and Borland and Gamse will provide insight into pursuing these lucrative opportunities.
Click here to go to the forum home page to submit a question or follow the forum transcript in real time
http://www.washingtontechnology.com./news/1_1/daily_news/29052-1.html
nilremerlin
Institutional uPdate:
1. Barclay's PLC reports buying/adding 125,397 shares of GTE in Q2 (see page 2);
2. National City Corp reports buying a NEW position in GTE of 285 shares in Q2 (see page 3);
3. Public Employees Retirement System of Ohio reports selling out its 103,370 position in GTE in Q2 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Total reported institutional holdings in GTE is a new high of 10,157,871 shares, 9.78% of O/S.
much more reporting to come...
nilremerlin
Institutional uPdate:
1. Barclay's PLC reports buying/adding 125,397 shares of GTE in Q2 (see page 2);
2. National City Corp reports buying a NEW position in GTE of 285 shares in Q2 (see page 3);
3. Public Employees Retirement System of Ohio reports selling out its 103,370 position in GTE in Q2 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Total reported institutional holdings in GTE is a new high of 10,157,871 shares, 9.78% of O/S.
much more reporting to come...
nilremerlin
Lucent Joins Boeing Team in Bid for DHS SBInet Contract
Lucent Technologies joined the Boeing team that is pursuing a contract for the US Department of Homeland Security's (DHS) Secure Border Initiative (SBI) network program. The Boeing-led team submitted its proposal to the government and is competing for an estimated $2 billion contract award. SBI is a complicated plan to secure US borders and reduce illegal immigration. SBInet will enable a balance of people, technology, and infrastructure to provide an integrated border protection system. The SBInet contract is expected to be awarded in September 2006. Lucent and Bell Labs will perform duties ranging from wireline and wireless network design, analysis, and modeling functions spanning voice, data, and sensor communications to leveraging Bell Labs advanced communications and sensor technologies. The Lucent plan would leverage existing DHS networks, legacy RF communications, and commercial wireless communications and empowers multimedia communications via Lucent's IP Multimedia Subsystem (IMS) technology.
from Telecom Daily
nilremerlin
Corporate Announcement: GlobeTel Communications Corp.
Aug 01, 2006 (Wall Street Horizon via COMTEX) -- Earnings Quarter: Q2
Next Earnings Date: 8/10/2006
Announcement Status: Unconfirmed
Announcement Time: After Market
Date Q1: 5/12/2006
Date Q2: 8/10/2006
Date Q3: 11/14/2005
Date Q4: 3/31/2006
Last Confirmation Date: 7/31/2006
(C) 2006 Wall Street Horizon, Inc. All rights reserved
http://quotes.freerealtime.com/dl/frt/N?symbol=GTE&art=C2006080100213c6941&SA=Latest%20News
nilremerlin
bellwetherreport.com: Bellwether Report .com is following GlobeTel Communications Corp
Jul 31, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of GlobeTel Communications Corp (AMEX: GTE)
GlobeTel Communications is thinking big -- really big.
The company is working to roll out a global Voice over Internet Protocol (VoIP) network with regional nodes it calls Super Hubs that will connect directly to points of presence (POPs) in the US.
GlobeTel's Sanswire subsidiary is developing airship "stratellites" (they're positioned in the stratosphere) to enable the Super Hub network. In the meantime, the company provides a variety of telecommunications services, including a VoIP service called MagicPhone, marketed primarily in Mexico.
It also resells international long-distance service and provides stored value debit cards.
GlobeTel Communications shares are up 3% despite an ongoing appeal.
GlobeTel Communications Corp today announced that it has notified the American Stock Exchange (Amex) of its decision to appeal the Amex Staff Determination to delist the common shares of GlobeTel from the Amex.
GlobeTel had announced on July 19, 2006 that it had received a letter from the American Stock Exchange that there had been a Staff Determination to strike the Company's common shares from listing and registration on the Amex.
The Company's appeal will be heard by the Amex's Listing Qualifications Panel.
The Company's understanding is that the panel is comprised of.....
To review research on GlobeTel Communications Corp as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!
http://quotes.freerealtime.com/dl/frt/N?symbol=GTE&art=C2006073100212u8708&SA=Latest%20News
nilremerlin
Institutional uPdate:
Dimensional Fund reports selling 235 shares of GTE in Q2 (see page 1);
Vanguard Group reports buying 108,565 shares of GTE in Q2 (see page 1:
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Reported institutional holdings at new high of 10,135,559 shares, 9.76% of O/S.
much more reporting to come...
nilremerlin
Institutional uPdate:
Dimensional Fund reports selling 235 shares of GTE in Q2 (see page 1);
Vanguard Group reports buying 108,565 shares of GTE in Q2 (see page 1:
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Reported institutional holdings at new high of 10,135,559 shares, 9.76% of O/S.
much more reporting to come...
nilremerlin
One of today's military contract awards of interest:
"TYBRIN Corp., Fort Walton Beach, Fla., is being awarded a $8,590,978 cost-plus-award fee contract modification. This action is a modification to extend the period of performance of contract number, F04611-00-C-0001. The systems engineering and technical assistance services in support of aerospace research, development, test and evaluation programs, training, and related support activities for the Air Force Flight Test Center, Edwards Air Force Base, Calif. At this time, no funds have been obligated. This work will be complete November 2006. Headquarters Flight Test Center, Edwards Air Force Base, Calif., is the contracting activity (F04611-00-C-0001/P00126)."
nilremerlin
Strange that GTE is not on the AMEX top 10 percentage decliners list Tuesday...it definitely qualifies:
http://www.amex.com/equities/mktSum/EqMsLoser.jsp
Guess it's 'cause of the pending delist status.
nilremerlin
Institutional uPdate: SG Americas Securities reports buying a new position of 46,849 shares of GTE in Q2 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions have now reported owning a new high of 10,027,229 shares of GTE, 9.65% of O/S.
nilremerlin
Institutional uPdate: SG Americas Securities reports buying a new position of 46,849 shares of GTE in Q2 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions have now reported owning a new high of 10,027,229 shares of GTE, 9.65% of O/S.
nilremerlin
Smoke and mirrors at SBA
By Ethan Butterfield
Staff Writer
Research firm uncovers large companies in agency’s prime contracts database
The Small Business Administration, claiming a major victory for its constituents, recently announced that small companies won $79.6 billion in federal prime contracts in fiscal 2005.
Former SBA Administrator Hector Barreto, in one of his last official acts before stepping down April 25, called the agency’s year-end contract data excellent news, and said that small businesses won 25.4 percent of the $314 billion total federal prime contracts awarded in fiscal 2005.
The federal government has a congressionally mandated goal of awarding 23 percent of federal prime contracts to small companies, and Barreto said that 2005 marked the third straight year it has met that goal.
But Barreto’s assertions that the government surpassed its goal have come under sharp attack from congressional leaders, as well as the SBA’s inspector general and Government Accountability Office.
Critics there have complained repeatedly of problems in how the data is compiled and how the agency oversees federal small-business contracting.
One complaint is that companies self-certify as small businesses in a government database that rarely is reviewed for accuracy.
Another is that large government contractors are winning small-business prime contracts.
Research company Eagle Eye Publishers Inc., Fairfax, Va., in June released its own fiscal 2005 small-business contracting report using data produced by the General Services Administration and Defense Department. Eagle Eye’s report identified $377 billion in federal prime contracts, $63 billion more than SBA’s report. Of that higher total, Eagle Eye found that small businesses won $65 billion in prime federal contracts, just 17 percent of the total, said company President and CEO Paul Murphy. “Administrator Barreto is either comparing apples to oranges or else he has access to numbers that the general public does not,” Murphy said. “They’re manipulating the appearance of success.”
But neither SBA nor GSA generates the report, Karen Hontz, SBA associate administrator for government contracting told Washington Technology. That job was outsourced in 2003 to Global Computer Enterprises Inc., Reston, Va. GSA hired Global Computer to run the Federal Procurement Data System-Next Generation, the database that tracks government contracting including small-business contracts.
Hontz said she was comfortable with the accuracy of data that SBA was touting. SBA officials declined to comment on Eagle Eye’s report.
Appearance of deception
When Eagle Eye compiled a list of the top 100 companies that won small-business contracts, both IT and non-IT work, in fiscal 2005, it found several familiar large-company names. Among the IT contractors on its list was Science Applications International Corp. of San Diego, which ranked third with more than $360 million in small-business contracts.
Other large companies included GTSI Corp., Chantilly, Va., which was fourth with $290 million in small-business contracts, General Dynamics Corp., which ranked twelfth with $232 million, and Lockheed Martin Corp., which came in at No. 19, with $175.3 million in small-business awards.
SBA officials declined to provide a list of the top 100 contract winners from its own data. Asked how General Dynamics, a company with more than $21 billion in fiscal 2005 revenue and more than 72,000 employees, could make a list of the top small-business award winners, company spokesman Rob Doolittle said the answer lies in the company’s recent acquisition history.
“General Dynamics has acquired several small businesses over the last several years that were likely awardees of small-business contracts,” Doolittle said. “They can’t compete [for new contracts] as small businesses any longer, but the contracts continue to exist as they were awarded.”
Hontz also said that large companies appeared on Eagle Eye’s list because of their acquisitions of small companies that held small-business contracts.
It’s unlikely that large companies are intentionally masquerading as small businesses, Eagle Eye’s Murphy said.
“Deception is a rather small part of the explanation for this problem,” he said. Until late 2004, a large company could acquire a small business and roll it into its own corporate structure without ever changing the acquired company’s size status, said Richard Vacura, a partner with law firm Morrison and Foerster LLP, McLean, Va. “You ended up with what amounts to a large business performing the contract, and the agency still getting credit for a small-business contract,” Vacura said. To close this loophole, a new regulation was adopted in December 2004. It requires that any small company that is bought by a larger one and either changes its name or is rolled into the larger company’s corporate structure, must notify the contracting officer overseeing the company’s contracts of the change. The company would be allowed to complete the term of the contracts, including option years, but the work would cease to count toward the contracting agency’s small-business goals, Vacura said. The rule change, however, did not eliminate all loopholes in the regulations. Acquisitions made before December 2004 are exempt. And if the larger company buys 100 percent of the smaller company’s stock, leaves it as a subsidiary and does not change its name, the small company, even though it would be part of a much larger entity, would continue to be counted as a small business on its contracts, Vacura said. The smaller company would not, however, be allowed to compete for new contracts as a small business.
Self-policing A fundamental problem remains: SBA’s system requires companies to accurately update their own information — at all times, not only when a company is acquired — but it has no oversight of the process. During the course of a year, a company could outgrow its small-business size designations set by the North American Industrial Classification System codes. It would be up to the company to update its information in the Central Contractor Registry, a list of all federal contractors and their NAICS codes. The Defense Department operates the CCR, but contracting officers governmentwide use it.
There is no step in the process where a Defense Department or SBA official ever cross-checks information listed by a company on CCR with information on the company’s own Web site, SBA’s Hontz said. There is just too much activity to allow any oversight, she said. “To have somebody check the thousands of companies coming and going all the time is just not possible,” Hontz said. “There are too many companies.”
The federal government relies on companies to police themselves. If a small business loses a contract to a company it thinks is not small, it may file a protest with the government.
Because companies often partner on contracts, and because they don’t want to risk being labeled a complainer and thus lose potential business, there is little incentive to report questionable awards, Morrison and Foerster’s Vacura said.
“There’s also a fear that everything they do from then on will get size protested” as retribution, Vacura said. “And that’s disruptive.”
Business is good
Although Eagle Eye’s Murphy didn’t have data on IT contracting alone, he said that despite SBA’s contracting foibles, small IT companies are doing well.
“IT tends to be a sector where small businesses perform strongly,” he said. Two examples, he noted, are GSA governmentwide acquisition contracts: the $5 billion Veteran Technology Services contract for businesses owned by service-disabled veterans, and the $15 billion Alliant Small Business set-aside contract.
“Agencies are consciously trying to address the small-business market with their own special contract vehicles,” he said. Ironically, such efforts “wouldn’t be necessary if they were just meeting their goals in the first place,” Murphy said.
Staff Writer Ethan Butterfield can be reached at ebutterfield@postnewsweektech.com.
http://www.washingtontechnology.com./news/21_14/federal/28974-1.html
nilremerlin
22 hot DOD contracts
From IT services to managing critical communications networks to developing sophisticated UAV platforms, the defense market is brimming with billions of dollars in new opportunities.
http://www.washingtontechnology.com/news/21_14/cover-stories/28997-1.html
nilremerlin