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Heads-up: Centerline finally has its new website up and running:
http://www.centerlinecom.net/
nilremerlin
starboy: V/C Moon 11:31am - 5:59pm EST...possibly a filing before news.
nilremerlin
A bit of Floyd Bradley history:
SDL International Appoints Floyd Bradley as Executive Vice President Sales & Marketing
Maidenhead, UK - 5/15/01--
SDL International® (SDL plc), a leading provider of globalization technology and services, today announced that Floyd Bradley has been appointed to the newly created position of executive vice president sales & marketing. Bradley will assume his post in June.
A seasoned computer industry executive, Bradley has held a number of executive positions including managing director at Lotus Development in the UK, senior vice president and general manager - international at Ashton-Tate, vice president - Europe at Cullinet Software, general manager of European Software Publishing, chief executive of DecisionWorks, and most recently group vice president for First Consulting Group. He also held positions at The Boston Consulting Group and Bain & Company. Bradley is a graduate of Yale University and Harvard Business School. A founding shareholder, Bradley has been a non-executive director and strategy consultant with SDL International since its formation in 1992.
"I have worked with Floyd at Lotus Development and at Ashton-Tate, and his vision and guidance over the past decade have helped shape SDL into becoming the largest independent globalization services and software company in Europe, " said Mark Lancaster, chairman and CEO of SDL International. "SDL is fortunate to have Floyd, with his intimate knowledge of both the European and American markets, now devoting his full time and attention to increasing market awareness, broadening the customer base and expanding market share."
Bradley will have worldwide responsibility for all products, services and solutions sales and marketing. Reporting directly to Lancaster, Bradley will oversee a staff of several dozen field sales executives, sales managers and marketing personnel located throughout Europe, Asia and the United States. Marketing responsibilities will include marketing communications, sales support and product management.
"I am excited about combining my expertise of the software, computer services, systems integration and consultancy industries with SDL's advanced globalization technology, localization expertise and blue-chip customer base," Bradley said. "Now that the Company is approaching the 1,000-employee level, there is a need for increased focus on centralizing systems, processes and methodologies for interaction with our global customers, partners, prospects. I join Mark and the rest of the management team in being fully committed to this goal."
nilremerlin
Showtime is soon starting a new dramatic series called "HUFF".
I think it begins April 3rd:
http://www.sho.com/site/huff/about.do
Nice timing!
nilremerlin
Higher probability of a trading halt late afternoon following news, IMHO. Say about 3:41pm EST...don't ask me why, 'cause I'm not allowed to say.
nilremerlin
One of today's contract awards:
"General Atomics Aeronautical Systems, San Diego, Calif., was awarded on March 3, 2006, a $67,000,000 increment as part of a $214,321,143 cost-plus-incentive-fee contract for System Development and Demonstration for the Extended Range / Multi-Purpose Unmanned Aerial Vehicle. Work will be performed in San Diego, Calif. (43 percent), Adelanto, Calif. (14 percent), Palmdale, Calif. (8 percent), Salt Lake City, Utah (18 percent), Hunt Valley, Md. (14 percent), and Huntsville, Ala. (3 percent), and is expected to be completed by Aug. 31, 2009. Contract funds will not expire at the end of the current fiscal year. There were 120 bids solicited on Sept. 1, 2004, and three bids were received. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the contracting activity (W58RGZ-05-C-0069)."
Notice they don't specifically name the UAV they're referring to...could it be ours!?
nilremerlin
WiMAX Forum White Papers & Presentations:
http://www.wimaxforum.org/news/downloads/
Globetel is a principal WiMAX Forum member.
nilremerlin
FSS launches FSSNeT Managed Services Centre (MSC) in Mumbai
Offers new service enhancements to banks in verticals like ATMs, POS and value added services like Bill payment, Mobile Top-up, e-Ticketing, and Payment Gateway.
February 23rd, 2006
(my bold below)
Financial Software & Systems (P) Ltd. (FSS), the leader in electronic payment system solutions and services today announced the launch of FSSNeT Managed Services Centre (FSSNeT MSC) in Mumbai. R.N.Ramanathan, Deputy Managing Director, State Bank of India inaugurated the facility. With the addition of this initiative, FSS infrastructure can now boast of two superior service facilities at Mumbai and Chennai to cater to the service requirements of its customer banks.
Speaking on the occasion, Mr. Ramanathan said, “FSS has started from humble beginnings and has become a force to reckon within the payments industry today. FSSNeT Managed Services Centre Facility is very unique and will be of huge advantage for all the banks deploying ATMs and other delivery channels in the country.”
The Managed Services Centre (MSC) in Mumbai has been created with added service enhancements. These new service enhancements to banks, facilitated through FSSNeT Managed Services, comprise the verticals of ATM, Point of Sale (POS), Value Added Services and Help Desk. To enable these services and ensure that service levels are of superior quality, FSSNeT MSC monitors and confirms the operability of all systems involved. The FSSNeT MSC manages retail infrastructures and helps to perform functions from consulting to site design, and from staging and implementation, to complete system management. These services focus on the vital systems, networks, software, and security and include operations management, consulting, deployment, and maintenance.
FSSNeT's MSC provides these services directly to Banks in India through partnerships with leading technology, network and systems suppliers, application providers, service providers like OptiCash, Wincor, TVS-E, India Prepaid Services, Airlines, Telecom Program partners like Globetel
On this occasion Nagaraj Mylandla, Managing Director , FSS said “Managing a bank's nationwide ATM and POS network is a daunting task; it entails employment of large teams of IT professionals, equipping them with expertise, investing in updated hardware, software and finally efficiently managing the network. FSS over 15 years has gathered all the above to be able to provide superior services, manage and monitor nationwide networks of delivery channels like ATMs and POS along with other value added services such as bill payment, mobile top up, e-Ticketing, and payment gateway, thus making it a preferred end to end service provider“
At present this centre currently monitors and manages around 1200 ATMs across India ; it has been designed to manage 7500 ATMs. FSSNeT MSC also provides back-office operations like reconciliation, cash forecasting & management etc., to manage the business growth. With partners of FSS, customer support is provided from 80 locations in India.
FSSNeT's managed services focus on supporting IT infrastructure operations–from ATMs and kiosks to PCs, POS etc. and offers proprietary software and new technologies to its customers. FSS aims to provide the services and intelligence to reduce operational cost and risk.
The centre provides a range of services that are managed out of the MSC like Management Services. This includes 24/7 management and operation of select IT assets and processes. With the rollout of value added services that fall outside the realm of traditional banking transactions, it is critical to have a monitoring system to ensure that all components of the product delivery channel are up and operational. These monitoring systems include monitoring the deliverables of FSSNeT's program partners to ensure proactive problem recognition and resolution.
FSSNeT benefits:
• Maximizing the efficiency and cost-effectiveness of IT resources
• Better alignment of new strategic business initiatives due to the organization's ability to respond quicker.
• Centralizing the administration of the IT portfolio–for added productivity and reduced downtime.
• Leverage FSSNeT's resources to save time and cost of re-training or recruitment.
• Provide predictable costs with productivity improvements for the business
nilremerlin
FSS has finally finished revamping its website, and Globetel is mentioned in the latest Feb. 23rd news article:
http://www.fss.co.in/news_events.htm
I've been watching this site regularly, waiting for its completion.
_nilrem
See page 22 for Naval UAV interests:
http://www.house.gov/hasc/schedules/3-1-06WinterTestimony.pdf
see pages 33-34 for more naval UAV interest:
http://www.house.gov/hasc/schedules/3-1-06MullenTestimony.pdf
nilremerlin
Good read: Air Force Secretary Michael Wynne's presentation to the House Armed Services Committee (85 pages, lots of stuff on UAV's and new developments, many related to our military strat):
http://www.house.gov/hasc/schedules/3-1-06AirForceTestimony.pdf
nilremerlin
New Safecom requirements play up wireless
03/01/06
By Alice Lipowicz
Staff Writer
Wireless networks will take on a much more prominent role in the Homeland Security Department’s updated requirements for interoperable communications for first responders.
The Safecom program, which is the departmental unit promoting improved radio communications for emergency response agencies, has released a 208-page “Statement of Requirements for Public Safety Wireless Communications & Interoperability” (Version 1.1) on its Web site:
http://www.safecomprogram.gov/NR/rdonlyres/7F0D3C08-A425-4E78-9CF8-7D03724BFAFF/0/SoRv11022206.pdf
The new requirements address all manner of wireless networks, from personal and temporary to huge, extended systems.
The previous version of the requirements, issued in March 2004, offered detailed scenarios for voice and data communications among fire, police, emergency medical and other crisis response agencies. The new report provides additional chapters on wireless public safety networks and their requirements, including personal, incident, jurisdiction and extended area networks.
The new sections describe a network design incorporating numerous wired and wireless components and the links among them. For example, a first responder’s personal area network may include devices such as a heart-rate monitor and location sensors that can transmit information automatically to other network areas.
The primary public-safety communications network is called the jurisdiction area network, which connects to temporary incident-area networks and also to broader county, regional, state and national networks.
Each wireless network is defined further by classes of service to be offered. At the highest level, with preferential servicing, it must guarantee real-time, peer-to-peer, jitter-sensitive service to support mission-critical communications.
Lower levels of network services are classified by whether they include components such as instant messaging, database transfer, video teleconferencing and Web browser applications, but they may be low priority in a separate queue from the mission-critical communications.
Improving communications for first responders, especially by enabling different fire and police agencies to communicate by radio while responding jointly to an incident, has been a top priority for the agency since its inception. The inability of to communicate with police by radio during the evacuation of the World Trade Center Sept. 11, 2001, is believed to have contributed to many firefighter casualties.
nilremerlin
JimProfit: thanks...I couldn't find a date on it.
Then what's Uli got installed in Florida?
nilremerlin
I find this interesting...draw your own conclusions (my bold, and Ulrich old father = Uli Altvater):
Comment the Funklizenzierung planned from old father to
Ulrich old father wrote to higson@opa.gt.owl.de
Dear Mr. Higson,
unfortunately it is true that the BMPT wants to raise this fee. I have all national ministers of economics, whom federal pos Ministers and his undersecretary of state asked written down and for it, this middle class and technology-hostile decision, which pleases internally without hearing of the industry became to consider.
I wrote all members of the Bundestag sow shot for post office and Tele communication, what led to 2 meetings, among other things with H. Boetsch. However short term monetary aspects seem to be more important like the fulfilment of the Maastricht criteria than the future of our industry at the location D (I do not write these lines from the USA, we already 3 cities in Florida installed, we need a license!).
The SPD delegate Bury us much supported, he meant after the meetings, one will probably grant the fee over several years, in order to facilitate for smaller companies marktzugang.
After the regulation offends anyway against European right, (only the actually resulted costs may be charged), the fee is omitted after the first complaint against the Federal Government.
We fight at present with all means, but the Ignoranz of the federal officials in relation to the situation in the world is already amazing.
I am curious, who is to pay the fat pensions into 20 years, even if this industry from the country is driven!
Yours sincerely
Uli old father
P.S.: It gives us in addition, some few people in the BMPT helps. Thank God!
http://translate.google.com/translate?hl=en&sl=de&u=http://www.iks-jena.de/mitarb/lutz/verei...
So, apparently Uli has 3 Florida cities installed for WiMAX, and is just waiting for the license...hmmmmm
nilremerlin
Today in the Department of Defense, Tuesday, February 28, 2006
Secretary of Defense Donald H. Rumsfeld hosts an honor cordon to welcome Colombian Minister of National Defense Camilo Ospina to the Pentagon at 11:30 a.m. EST. The cordon will be held on the steps of the Pentagon Mall Entrance. Media must be at the Pentagon North Parking Entrance no later than 10:45 a.m. EST for escort to the cordon.
nilremerlin
glow_beatle: They can seal the money-in-the-bank thing Friday, going for the gold at the financial Olympics, then celebrate with a weekend watching others go for the gold the Olympics while they're in the neighborhood, and have the celebration party at Globetel HQ on Monday when they return. Go back for the press conference after that, if they don't have one on Friday (tomorrow). Why not?
nilremerlin
Institutional uPdate: Marco Investment reports holding its shares in Q4;
American International is now showing as reported for Q4, as in my original post about it (they added some shares to their position):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
that appears to complete the institutional reporting for Q4 unless a new institution reports soon.
nilremerlin
Institutional uPdate: Marco Investment reports holding its shares in Q4;
American International is now showing as reported for Q4, as in my original post about it (they added some shares to their position):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
that appears to complete the institutional reporting for Q4 unless a new institution reports soon.
nilremerlin
New job posting on GlobeTel website:
"Vice President of Business Development
GlobeTel Communications Corp., located in Pembroke Pines, FL, is seeking a Vice President of Business Development to formulate business proposals and project plans conferring with board members based on business structure and operations; review financial statements and sales activity to develop pricing and budget proposals for each project utilizing wireless network framing, financial feasibilities and market initiatives; lead and provide personal contacts and special high-altitude airship and wireless network projects participating in cross-functional initiatives. Requires MBA and 2 years of experience in the job."
the former 3 job postings are gone...guess they hired for those 3.
nilremerlin
Institutional update quirk: On Feb. 14th, I wrote:
"American International reports buying/adding 5,312 shares of GTe in Q4 (see page 2),"
having gotten this info from the institutional reporting site.
Now, however, the institutional site shows differently that American International has not yet reported for Q4 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
I don't know the reason for this quirk, but I'm sure American International will provide their reporting update soon.
nilremerlin
Institutional update quirk: On Feb. 14th, I wrote:
"American International reports buying/adding 5,312 shares of GTe in Q4 (see page 2),"
having gotten this info from the institutional reporting site.
Now, however, the institutional site shows differently that American International has not yet reported for Q4 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
I don't know the reason for this quirk, but I'm sure American International will provide their reporting update soon.
nilremerlin
Short interest update published today for February shows 6,218,794 shares short. A gain of only 850,946 short over January.
Institutional holdings reported for Q4 so far (not yet complete) are 6,297,731 shares.
Institutional holdings are higher than shares short by 60,937 shares, and this does not even include what institutions have bought in Q1 so far.
The tide has turned against the shorts, and they'd better cover soon, like yesterday!
nilremerlin
I'm trying to logic out who would be our most likely choices for a new Board of Directors Chairman. Christopher Meyer's recent re-organization of the BOD should give us a clue with the recent additions of Dorian Klein & Randolph Dumas, both involved with Rubikon Partners. Let's explore the possibility that our next BOD chairman is also associated with Rubikon. Click on this link, then click on the "Who we are" button and see who the possibilities are:
http://www.rubikonpartners.com./
We have Henry Kissinger, who would certainly be even more impressive in celebrity status than Chris Meyer as our new chairman, but I have my doubts about that for 2 reasons. He probably doesn't know GlobeTel as a company very well, and I get the impression that InterNafta's Maxim Chernizov would prefer to minimize any hint of political involvement in the deal, and that goes equally well for both sides of the contract.
We have Leo A. Daly, a stronger possibility, IMHO, for a couple of reasons.
1. He is already involved with and knows GlobeTel well, though he is not yet on the GlobeTel BOD.
2. GlobeTel, having gotten the (1)concept phase completed, and the (2)funding phase nearly completed, is closely nearing a phase where the stage has been set for a physical buildout which would well be guided by an experienced architect with a global connections already in place, in my opinion.
I can't rule out the possibility of Randolph Dumas as a possibility for the chairman position, but I feel that's a low probability.
Other personnel on the Rubikon roster don't strike me as very probable candidates, though the experience of the "Undisclosed principle" does arouse my curiousity:
"More than a decade experience in private equity in the US, Europe, and Latin America with the World's pre-eminent organizations"
Since our present BOD population already seems slightly tipped in the balance toward Rubikon-associated personnel with the recent Meyer-directed additions of Dumas and Klein, I don't think adding a third such as Leo A. Daly as chairman would be stretching it, balance-wise, since he's already involved with GlobeTel, though not presently on the BOD. It will nontheless add some weight to the Rubikon direction of the balance. I do think adding any other third person from Rubikon would tend to raise attentive eyebrows among us with the observation of the weight of this direction.
Or else we get someone new out of the blue who fills the gap and restores balance to the BOD...that would also be a logical alternative, especially if it's someone well-known with credibility & integrity.
comments, opinions?
nilremerlin
I kinda wondered how Sir Christopher Meyer would be able to keep up with the increasing busyness of GlobeTel, and still maintain his position with his British job, which was being called into question with the publication of his book "DC Confidential". I guess they decided to keep him on with that role, otherwise he might still be our Chairman.
I think he made a wise decision to relinquish the chairmanship, in deference to someone with enough time on their hands to adequately handle the immense growth of the company imminent in the near future.
He's still with us, so no loss here, and possibly an opportunity to introduce equally impressive talent to our already illustrious board membership. I hear Alan Greenspan is available, lol!
nilremerlin
New 144 filed 2/7/06 by Vivian Maverick, a proposed sell of 30,000 shares of GTE:
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
nilremerlin
Institutional uPdate:
Morgan Stanley reports a New position, buying 20,884 shares of GTE in Q4 (see page 2);
Pinnacle Associates reports selling out its 10,250 share position in GTE in Q4 (see page 3); and
Gartmore Mutual Fund reports selling out its 10,400 share position in GTE in Q4 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutional holdings as of Q4 reports now 7.79% of GTE O/S.
more to come? maybe...
nilremerlin
Institutional uPdate:
Morgan Stanley reports a New position, buying 20,884 shares of GTE in Q4 (see page 2);
Pinnacle Associates reports selling out its 10,250 share position in GTE in Q4 (see page 3); and
Gartmore Mutual Fund reports selling out its 10,400 share position in GTE in Q4 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutional holdings as of Q4 reports now 7.79% of GTE O/S.
more to come? maybe...
nilremerlin
bernoulli: No, Dragon Eyes have preceded the GlobaTel Sky Dragon, and are much smaller in size.
nilremerlin
Institutional uPdate:
Two Sigma Investment reports a New position, buying 212,500 shares of GTE in Q4 (see page 2);
Merrill Lynch & Co reports selling part of their holdings, selling 24,779 shares of GTE in Q4 (see page 2);
UBS AG reports buying/adding 2,261 shares of GTE in Q4 (see page 3);
Legg Mason reports selling out their 3,333 share position in GTE in Q4 (see page 3); and
Galleon Management reports selling out their 604,302 share position in GTE in Q4 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutional holdings in Q4 now 7.79% of GTE O/S
more to come...
nilremerlin
Institutional uPdate:
Two Sigma Investment reports a New position, buying 212,500 shares of GTE in Q4 (see page 2);
Merrill Lynch & Co reports selling part of their holdings, selling 24,779 shares of GTE in Q4 (see page 2);
UBS AG reports buying/adding 2,261 shares of GTE in Q4 (see page 3);
Legg Mason reports selling out their 3,333 share position in GTE in Q4 (see page 3); and
Galleon Management reports selling out their 604,302 share position in GTE in Q4 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutional holdings in Q4 now 7.79% of GTE O/S
more to come...
nilremerlin
One of today's contract awards...we're getting close, IMHO!
Aerovironment Inc., Monrovia, Calif., is being awarded a $9,792,039 firm-fixed-price order under a previously awarded contract (M67854-04-D-1011) for 303 Dragon Eye Air Vehicles, 101 ground control stations, 101 field support kits, and all required materials, services, personnel, facilities, and support for use in the Marine Corps. The Dragon Eye unmanned aerial system provides commanders with real-time tactical and reconnaissance/surveillance information. The work will be performed in Simi Valley, Calif., and is expected to be completed December 2006. Contract funds will not expire at the end of the fiscal year. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
nilremerlin
Institutional uPdate:
Barclay's Global reports buying/adding 46,955 shares of GTE in Q4 (see page 1);
Bridgeway Capital reports a New position, buying 146,000 shares of GTE in Q4 (see page 2);
Shaw D E & Co reports selling part of their position, 34,200 shares of GTE in Q4 (see page 2);
American International reports buying/adding 5,312 shares of GTe in Q4 (see page 2);
Credit Suisse reports a New position, buying 18,616 shares of GTE in Q4 (see page 2);
Deutsche Bank reports buying/adding 3,292 shares of GTE in Q4 (see page 2);
US Bancorp reports selling part of their position, 20 shares of GTE in Q4 (see page 2);
Parallax Fund reports a New position, buying 12,000 shares of GTE in Q4 (see page 3)(it doesn't say so, but they are new);
Metropolitan Life reports selling part of their position, 24,835 shares of GTE in Q4 (see page 3);
Bank of New York reports buying/adding 2,800 shares of GTE in Q4 (see page 3);
Bear Stearns reports buying/adding 293 shares of GTE in Q4 (see page 3);
and Amerprise Financial reports a New position, buying 1,203 shares of GTE in Q4 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=GTE&symbol=&symbol=&sy...
Institutions now hold 8.31% of GTE O/S
more to come...
nilremerlin
Institutional uPdate:
Barclay's Global reports buying/adding 46,955 shares of GTE in Q4 (see page 1);
Bridgeway Capital reports a New position, buying 146,000 shares of GTE in Q4 (see page 2);
Shaw D E & Co reports selling part of their position, 34,200 shares of GTE in Q4 (see page 2);
American International reports buying/adding 5,312 shares of GTe in Q4 (see page 2);
Credit Suisse reports a New position, buying 18,616 shares of GTE in Q4 (see page 2);
Deutsche Bank reports buying/adding 3,292 shares of GTE in Q4 (see page 2);
US Bancorp reports selling part of their position, 20 shares of GTE in Q4 (see page 2);
Parallax Fund reports a New position, buying 12,000 shares of GTE in Q4 (see page 3)(it doesn't say so, but they are new);
Metropolitan Life reports selling part of their position, 24,835 shares of GTE in Q4 (see page 3);
Bank of New York reports buying/adding 2,800 shares of GTE in Q4 (see page 3);
Bear Stearns reports buying/adding 293 shares of GTE in Q4 (see page 3);
and Amerprise Financial reports a New position, buying 1,203 shares of GTE in Q4 (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=GTE&symbol=&symbol=&sy...
Institutions now hold 8.31% of GTE O/S
more to come...
nilremerlin
Institutional uPdate:
State Street Corp reports buying/adding 241,540 shares of GTE in Q4 (see page 1);
Northern Trust Corp reports buying/adding 13,650 shares of GTE in Q4 (see page 2);
Mellon Financial reports buying/adding 173,045 shares of GTE in Q4 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions now hold 7.71% of O/S
nilremerlin
Institutional uPdate:
State Street Corp reports buying/adding 241,540 shares of GTE in Q4 (see page 1);
Northern Trust Corp reports buying/adding 13,650 shares of GTE in Q4 (see page 2);
Mellon Financial reports buying/adding 173,045 shares of GTE in Q4 (see page 2):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutions now hold 7.71% of O/S
nilremerlin
Acquisition panel adopts favorable small-biz recommendations
02/10/06
By Ethan Butterfield
Staff Writer
Small businesses working with the federal government may have a shot at winning more contracts, after the Acquisition Advisory Panel voted last month to adopt recommendations designed to help small companies procure government contracts.
Congress established the panel in 2003 to review government acquisition laws and regulations to ensure use of commercial practices and performance-based contracting. It comprises representatives from the Small Business Administration, General Services Administration, Defense Department and private industry.
The panel will submit its recommendations, along with its full report, to the Office of Federal Procurement Policy and Congress. No timeframe was given for when it will be forwarded.
The recommendations should allow small businesses greater participation in the more than $300 billion government contracting market. The panel heard from nearly 90 witnesses, resulting in more than 4,000 pages of meeting transcripts on how to improve the federal procurement system.
Among the panel’s areas of focus was the government’s practice of awarding contracts to several vendors that then compete with one another throughout the contract for recurring work. The panel recommends reserving one or more of these multiple contracts for small businesses as well as limiting competition for some of the recurring work to small-business contract holders.
Another recommendation is to resolve confusion over the government’s various small-business preference programs by giving government contracting officers greater discretion in selecting companies to meet their agency’s goals for awards to businesses in each category, such as businesses owned by disabled veterans.
To make the most of small-business programs, the panel suggests delivering more training and best practices to improve government officials’ understanding of such programs.
The panel also suggests prohibiting the government’s use of cascading procurements, which let the government determine, after the proposals are received, whether a procurement will be reserved for a particular small-business preference. The panel determined that the practice impedes competition while increasing costs to small businesses in preparing proposals that the government may never consider for an award.
The panel will meet through July to address other procurement issues under their statutory charter, such as commercial buying practices, performance-based contracting, interagency contracting, contractors in the federal workplace and the acquisition workforce.
http://www.washingtontechnology.com./news/1_1/daily_news/27969-1.html
nilremerlin
Institutional uPdate:
After selling out in Q3, HBK comes back bigtime anew with a 953,811 buy report on GTE in Q4 (see page 1);
MFC Global reports buying/adding 2,363 shares of GTE in Q4
(see page 2);
SG Americas reports selling 22,966 shares of GTE in Q4 (part of their position)(see page 2);
and Rhumbline reports buying/adding 2,600 shares of GTE in Q4
(see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutional ownership now 7.18% of O/S
more to come
nilremerlin
Institutional uPdate:
After selling out in Q3, HBK comes back bigtime anew with a 953,811 buy report on GTE in Q4 (see page 1);
MFC Global reports buying/adding 2,363 shares of GTE in Q4
(see page 2);
SG Americas reports selling 22,966 shares of GTE in Q4 (part of their position)(see page 2);
and Rhumbline reports buying/adding 2,600 shares of GTE in Q4
(see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
Institutional ownership now 7.18% of O/S
more to come...
nilremerlin
Wizetradr: Do you happen to know the date that GTE first traded between April and July of 1999? TIA
nilremerlin
Institutional uPdate:
Teleos Management reports buying 78,560 shares of GTE in Q4, a new position (see page 2);
Fund Asset management reports buying/adding 1,300 shares of GTE in Q4 (see page 2);
Merrill Lynch Asset reports buying 8,200 shares of GTE in Q4, a new* position (see page 3):
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...
*Merrill Lynch Asset formerly reported the same new position bought in Q3, then shortly afterward, their name mysteriously disappeared from the list...guess they weren't sure which quarter they bought it in, lol!
Institutions now hold 6.02% of GTE O/S, and so far we only have the early reporters for Q4 in...much more to come
nilremerlin