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What a great move so far today in CTEL. Sweet. Wish they could ring the opening bell every day!
Cosmoline has selected DragonWave as its exclusive backhaul provider for a national 4G mobile WiMAX network across Greece.
3/15/2010 - Ottawa, Canada
DragonWave Inc. (TSX: DWI; NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that Cosmoline has selected DragonWave as its exclusive backhaul provider for a national 4G mobile WiMAX network across Greece. DragonWave’s Horizon Compact and Horizon Quantum will deliver native-Ethernet backhaul across approximately 1,000 wireless links.
“The combination of Horizon Compact’s all-outdoor form factor and robustness plus Horizon Quantum’s unequalled capacity and spectral efficiency made this an easy decision to standardize on DragonWave for all of our backhaul needs,” said Dimitris Politopoulos, chief executive officer, Cosmoline. “DragonWave offers a family of best-in-class products that affords us the flexibility to strategically evolve our network, extend our customers new services and achieve sustainable operating efficiencies.”
Cosmoline, a wholly owned subsidiary of DEMCO Group founded in 1995, plans to migrate about 130,000 customers of traditional leased-line offerings to next-generation fixed wireless access for data, voice and video services. Deployment began in 2009 across Greece’s two largest cities, Athens and Thessaloniki, and is continuing city by city to cover all major cities across the country. Cosmoline aims to convert its business, residential and government users to 4G mobile WiMAX services.
“We have developed a suite of packet microwave backhaul solutions that have successfully enabled service providers around the globe to undertake rapid, cost-effective expansion of geographic market coverage,” said Peter Allen, president and CEO, DragonWave. “The Horizon Compact and Horizon Quantum deliver the high capacity, ultra-low latency and carrier-class reliability that Cosmoline will require as it rolls out its 4G mobile WiMAX services across more and more markets in Greece.”
“Future Technologies Venture, LLC is honored to be partnered with DragonWave and Cosmoline on this opportunity. Through this project, Future Technologies has been able to expand their sales and engineering support of the DragonWave products into the European market,” said Nino Canu, CEO and President of Future Technologies Venture, LLC.
DragonWave Horizon products operate in both licensed and unlicensed radio frequencies between 6 and 38 GHz. An uncompromised product design delivers pure “packet” microwave performance with software scalable, ultra-low latency transport of up to 2 Gbps per link. Extremely easy to deploy and manage, DragonWave products deliver carrier-grade (99.999%) interference-free performance in next-generation IP networks.
Cosmoline
Cosmoline (www.cosmoline.com) has been providing innovative and highly usable telecommunication services to both individuals and companies throughout Greece since 1995. Today, as one of the most modern telecommunication service providers in the country and a member of DEMCO Group, one of the most prominent business groups in Greece, we demonstrate considerable dynamic growth offering fixed telephony, broadband Internet, data, and multimedia information services, as well as interconnection services to carriers. Obtaining a 3.5 GHz Band Fixed Wireless Access License covering all Greek territory in 2006, and the establishment of a new WiMAX technology network, the development of which began in 2009, the future of Cosmoline will be "wireless", aiming primarily at the development and provision of innovative services which will enable us to gain a dominant position in the Wireless Broadband Services market
For more information, visit their website at www.cosmoline.com.
http://www.dragonwaveinc.com/main.asp?id=news&page=releases&newsid=182
The Board of Directors of DragonWave Inc. (TSX: DWI)(NASDAQ: DRWI) announced today that it has authorized the purchase of common shares of the company equal to up to 10% of the public float by way of a normal course issuer bid on the Toronto Stock Exchange and/or the NASDAQ Global Market.
The normal course issuer bid is subject to acceptance by the TSX. If approved by the TSX, purchases pursuant to the normal course issuer bid will be made through the facilities of the TSX and/or the NASDAQ Global Market. The normal course issuer bid will be subject to the rules of the TSX and applicable securities laws, including the rules pertaining to the maximum number of shares that may be purchased in any one day. DragonWave will pay the market price at the time of acquisition of common shares purchased through the facilities of the NASDAQ Global Market and/or the TSX. All common shares acquired by DragonWave under the normal course issuer bid will be cancelled.
DragonWave is initiating the normal course issuer bid because it believes that, at certain times, the market price of its common shares may not reflect the underlying value of its business and its future prospects. The objective of the normal course issuer bid is to provide capital appreciation and market stability for the benefit of DragonWave's shareholders.
DragonWave has not previously engaged in a normal course issuer bid.
Wow, report is fantastic. I'll still be reading it over the weekend. Many thanks to you and Kent for your efforts and for sharing your work.
It's the IDCC "Pelican Brief".......
Thanks for the info and links......
The short interest number in my last post was from shortsqueeze.com. Here is the number from NASDAQ: http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=DRWI&selected=DRWI
Dragonwave Inc ( DRWI) Short Interest
DRWI
Dragonwave IncNASDAQ-GM
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
2/26/2010 6,668,864 590,898 11.285982
2/12/2010 5,824,887 587,735 9.910737
Maybe the very latest short interest is out today, but I haven't seen it on any site yet.
Thanks for the chart.....huge short interest in this. Stock could really fly if/when the company gets news of Verizon or AT&T backhaul contract.
Friday March 12, 2010 20 Min Delayed
http://shortsqueeze.com/?symbol=drwi&submit=Short+Quote%99
Short Quote™ Enter Symbol: DRWI
DragonWave Inc $ 9.25
DRWI -0.14
Short Interest (Shares Short) 6,668,900
Days To Cover (Short Interest Ratio) 11.3
Short Interest - Prior 5,824,900
Short % Increase / Decrease 14.49 %
TSTC: highest margins in their peer group; "growing very fast"; company does have a seasonality component with Q4 being their biggest; within 5 years expect to have 30% China market and 30% Int'l market (not sure I heard that right); proprietary technology has been 20% of revenues and it will grow to 50% of revenue in 2010; WFDS technology fully scalable into 4G; TSTC is in "the sweetspot" for the billions that China gov't is spending in this sector; reaffirmed guidance for FY '09 of 70 million US; they invest heavily in R&D; they stated at the beginning of the presentation that they will not take any questions today regarding the S-3 filing.
(this is subject to unintentional errors and ommissions on my part)
OT: the Cisco announcement tomorrow...from page 3 on this link http://www.forbes.com/2010/03/08/cisco-google-verizon-markets-comcast-netlogic.html?boxes=techchanneltopstories
"...When I add all these events and variables together, I see two scenarios as being most likely for CSCO. Interestingly, there are several intersections for these strategies so we could see one on March 9th and the other could still be working behind the scenes.
The first would be the announcement of a new end to end video-centric network that is based on CSCO core and edge routers (see ASR9000 commentary above) and places a new set-top-box in our homes that is capable of not only connecting our TV to the Internet (kind of an Apple TV on steroids), but also supports video conferencing from the comfort of our couch. This system would also support the seamless any screen, anywhere, anytime paradigm. This will provide consumers the ability to watch part of a video on a mobile device during lunch and start the program back up right where they left off on their TV when they return home.
The second would be to announce some of the pieces to support an end-to-end system like the one I've outlined above, but in conjunction with that, state that CSCO has finalized negotiations with a major U.S. service provider to take over its broadband network and its network management. This would significantly expand CSCO's services business portfolio, which would soften the swings of macroeconomic cycles as it did for both Hewlett-Packard ( HPQ - news - people ) and IBM ( IBM - news - people ) during the last downturn. I believe we'll eventually learn some sort of a services model is a central part of CSCO's virtualized data center strategy too."
DRWI
Dragonwave Inc NASDAQ-GM
Institutional Holdings Description as of 12/31/09 reporting
Company Details
Total Shares Out Standing (millions): 36
Market Capitalization ($ millions): $378
Institutional Ownership: 47.3%
Price (as of 3/5/2010) 10.47
Ownership Analysis # Of Holders Shares
Total Shares Held: 71 17,060,698
New Positions: 68 16,311,438
Increased Positions: 69 16,713,748
Decreased Positions: 0 0
Holders With Activity: 69 16,713,748
Sold Out Positions: 0 0
http://www.nasdaq.com/asp/holdings.asp?symbol=DRWI&selected=DRWI&FormType=Institutional
So, we'll have to wait and see how much this may have changed in the next reporting....which will be awhile away.
DragonWave Inc. (TSX: DWI) (NASDAQ: DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that the Navajo Tribal Utility Authority (NTUA) has agreed to a commercial field test using DragonWave's Horizon Quantum radio product.
NTUA is pursuing funding from the U.S. Department of Commerce National Telecommunications and Information Administration (NTIA) for a $46M grant that includes a 530 mile of fiber optic deployment and a 57-site Long Term Evolution LTE 4G network that would provide broadband throughout 15,000 miles of the Navajo Nation, which, at 27,000 square miles, is the largest American Indian land base in the United States.
According to Walter Haase, General Manager of NTUA, "The network is designed to enable unprecedented applications such as broadband Internet access, distance learning and telemedicine that will certainly benefit people here on the Navajo Nation. Using microwave to tie remote sites to the fiber for 4G technologies is an integral enabler of our overall strategy to meet and exceed expectations."
To support NTUA's application, DragonWave is installing a commercial pilot network near Fort Defiance, Arizona, in which the Horizon Quantum is backhauling 700 MHZ LTE base stations.
"As a state of the art 4G backhaul radio, the scalability, spectral efficiency, and advanced synchronization of the Quantum product are an excellent fit for our application. Affordable last mile backhaul is one of the biggest challenges in deploying 4G services in rural America," noted Steve Nez, NTUA Communications Supervisor.
"We are excited about the opportunity to work with the NTUA on this innovative network," said Peter Allen, president and CEO, DragonWave. "Our work with leading 4G service providers enabled us to create the industry's first solution that is truly optimized for LTE backhaul. The Horizon Quantum offers the industry's highest capacity, leading spectral efficiency and lowest total cost of ownership in carrier-grade, native-Ethernet microwave transport."
http://ih.advfn.com/p.php?pid=nmona&article=41869741&symbol=DRWI
Oil settles above $81 on US jobs report
http://finance.yahoo.com/news/Oil-settles-above-81-on-US-apf-1450416746.html?x=0&sec=topStories&pos=8&asset=&ccode=
"......Oil prices also got a boost on Friday from China Premier Wen Jiabao, who said his country is on track for 8 percent growth this year. China is the second biggest consumer of oil in the world after the U.S........."
China's economic promises focus on creating jobs
http://finance.yahoo.com/news/Chinas-economic-promises-apf-682207213.html?x=0&sec=topStories&pos=main&asset=&ccode=
This is a today AP report on the China government's annual report to it's legislature. Premier Wen Jiabao pledged that "government spending will grow, albeit at half the rate of last year during the economic downturn, because the basis of the global recovery remains weak. He set a traditional 8 percent economic growth target for what he called a "crucial year" and warned of continuing economic turbulence from the global financial crisis."
".......China is now the world's largest auto market, its Internet users outnumber the U.S. population and its economy is on track to replace Japan as the globe's second largest. Many Chinese take pride in the country's prosperity and global respect.
However, Wen said the increase in government spending would fall to 11.4 percent this year, half of what it was in 2009. A leaner budget has forced down the increase in defense spending to 7.5 percent, the lowest level in more than 20 years.
Wen promised hefty outlays for pensions, education, health care and subsidies for farmers to buy small cars and household appliances -- all to spread prosperity more fairly.
He said the government would invest 43.3 billion yuan to stimulate employment, and extend for another year a program that exempts employers from making required social security contributions on behalf of their workers. He said the program aimed to create jobs for more than 9 million people entering the urban work force and keep unemployment below 4.6 percent. The official rate is currently 4.2 percent, although that only includes registered urban job losses and the actual figure is estimated at up to double that."
PETER MISEK FROM CANACCORD ON DRWI
Dragonwave’s share price has declined nearly 13% this week.
Impact
Neutral to slightly positive. We see no reason for the stock’s recent
underperformance as the investment thesis and fundamentals are intact.
Based on our checks, we are not seeing any momentum slowdown for
DragonWave. While some think that Clearwire revenues have peaked, and
are likely to decline, we think that, based on the carrier’s population
coverage target of 120 million for 2010 and the fact that only one-quarter
of planned base stations have their backhaul installed, revenues are likely
to rise in Q4/F10 and stay flat for the next few quarters.
We expect Clearwire to set its target population coverage at 200 million
for 2011. We feel comfortable about the Q4/F10 results as, while
presenting at various conferences over the past few weeks, management
reiterated its guidance of C$170 million in revenue for the quarter.
The stock’s weak performance could also be due to suggestions by
industry sources that a competitor is taking share of Clearwire revenues
from DragonWave. Although our checks indicate this is true, it appears
to be due to DragonWave’s continued inability to satisfy Clearwire’s
aggressive deployment schedule despite the recent expansion in its
production capacity. This capacity constraint may have forced the
carrier to order equipment from a competitor in the near term.
Lastly, with the pick up in LTE planning and deployment activity worldwide
that we have mentioned in previous notes and our view that DragonWave is
already shipping to another Tier 1 carrier, we believe DragonWave will
experience continued positive momentum to its revenues.
Action
We reiterate our BUY recommendation and C$17.00 target price, which
implies a 21x multiple of our F2011 fully taxed adjusted EPS estimate.
--------
(This is from a yhoo poster. I have no link to Peter Misek from CANACCORD.)
Posted by atco1982 re: earnings release dates
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46087983&txt2find=earnings|date
OT: Is IHub rather slow yesterday/today for anyone else?
EDIT: just saw this on another board
Posted by: zigzagman Date: Thursday, March 04, 2010 12:19:51 PM
In reply to: Susie924 who wrote msg# 138384 Post # of 138386
WEB4 server is as slow as molasses today!...
It took over a minute for a post to post...
That's the WORST I've ever seen it here...
Quepasa Corporation (OTCBB: QPSA), creator of Quepasa.com, one of the world's fastest-growing Latino social networks, announced that it has signed a total of $800,000 in advertising campaigns, leveraging its new distributed social media platform, Quepasa DSM. Quepasa DSM is a social media advertising solution that allows advertisers and brands to target and distribute their marketing message across all social media sites.
Quepasa's pipeline of signed DSM campaigns is centered on various Mexican tourism promotions, comprising the Mexican Tourism Board and the Municipalities of Acapulco, Ixtapa and Cozumel. Following the outbreak of the H1N1 virus in 2009 and the resulting negative impact on Mexican tourism, Quepasa has been working with various entities within the Mexican government in order to improve Mexico's image via several word of mouth initiatives across the social web.
On March 1st, 2010, Quepasa announced that its Acapulco Revealed DSM campaign (www.quepasa.com/dsm/acapulco/) had exceeded its campaign target of 500,000 engagements.
"Ad agencies and brands are expressing tremendous enthusiasm for Quepasa DSM, based on the flexibility it affords users to participate on their social network of choice, its performance-based pricing, and real time analytics," said John Abbott, Quepasa's CEO. "The Acapulco campaign is already delivering tangible value to our client. To achieve our current level of engagement we estimate that the cost of an equivalent online banner campaign would be 10 times that of the Acapulco DSM. As we upgrade our DSM platform, we expect to improve on the economics we can offer advertisers versus traditional solutions."
http://ih.advfn.com/p.php?pid=nmona&article=41834282&symbol=QPSA
Hong Kong Broadband Network Ltd ("HKBN"), a wholly owned subsidiary of City Telecom (HK) Limited, (HKSE:1137) (Nasdaq:CTEL), today announced the launch of 100Mbps + WiFi broadband connectivity at the new North Satellite Concourse of the Hong Kong International Airport (HKIA).
Equipped with ten new bridge-served stands for narrow-bodied planes, the 20,000-square-metre North Satellite Concourse is designed to serve over 5 million passengers a year at the initial stage, ensuring the same level of service for the growing number of passengers flying on smaller aircraft.
Keeping travelers online before boarding and between flights, HKBN is the sole service provider of the free 100Mbps broadband connection at the new concourse, making it one of the very few terminals in the world that provide such high speed connection. Furthermore, HKBN's renowned fibre network also enables travelers with unlimited speedy Wi-Fi internet access at almost anywhere, with any Wi-Fi enabled devices throughout the entire concourse, courtesy to hotspots supported by our long term partner Y5ZONE.
HKBN's Mr. John Chong, Managing Director of Corporate Division, said: "With more and more travelers around the world flying in, out and through Hong Kong, the HKIA has established itself as one of the best airports worldwide through the years. Being a pioneering broadband service provider in Hong Kong, HKBN is proud to support HKIA's long term strategy in enhancing competitiveness with our advance fibre network and world class services."
For more details, please visit http://reg.hkbn.net/ctigroup_admin/files_upload/PR-NSC100ME.pdf
From a seeking alpha article today on ETFs for $100 Oil .....sort of amazing car statstics regarding ownership per 1000....
"Barclays expects crude prices to “flirt” with the $100 level in 2010, and anticipates an average price of nearly $140 per barrel by 2015. Analysts at Bank of America see crude touching $105 this year and believe $150 is attainable by 2014, thanks in large part to increases in demand from China and India. China recently overtook the U.S. as the world’s largest car market, despite significantly lower penetration rates. Approximately ten people in 1,000 own a car in China: the ownership rate in India is slightly higher at 12 per 1,000. By comparison, there are about 765 automobiles per 1,000 people in the U.S."
http://seekingalpha.com/article/191601-etfs-for-100-oil?source=yahoo
Aren't they also a competitor to DRWI?http://www.ciena.com/products/industries_mobilebackhaul.htm?src=nav
Is DRWI's solution a value added item to what Ciena offers? I will repost this bit from the analyst who wrote on the OEM deal:
"We see this development as positive and believe investors should view this as an opportunity for
DragonWave to diversify its customer concentration away from Clearwire and/or replace Clearwire
business once Clearwire’s network build starts to ramp down. In addition, we believe that this
agreement allows DragonWave to extend the sales reach for its products and gain access to a new
geography where the company does not yet have a presence. Lastly, this or any other OEM agreement
in our view, could be a prelude, or a “try out” for something more meaningful, specifically an acquisition
if the OEM sees success using DragonWave equipment as part of its end-to-end solution."
Mobile Backhaul for Maximum Network Potential
March 23 in Las Vegas
2:25 pm – 3:35 pm Evolving Backhaul Requirements for 4G and LTE
Moderator: Brent Riegert, Principal Analyst Telecommunications Practice, OMNI Research Group
Featuring:
» Ciena, Kevin Daines, VP Data Architecture,
» DragonWave, Erik Boch, Chief Technology Officer,
» E-Band Communications, Saul Umbrasas, Co-Founder and Chief Marketing Officer
As mutltimedia devices and high-usage subscribers challenge operators to improve performance, the rollout of 4G networks implies a critical tipping point for service providers who need to avert the potential for backhaul bottlenecks. WiMAX and LTE solutions stand to become the backbone of next generation mobile broadband but questions remain as to how backhaul networks can sustain operators’ profitability.
This panel of experts will present pathways for carriers to implement backhaul networks, to support multi-level class of service for applications such as VoIP and video, and to reduce backhaul costs in the process.
¦Unique backhaul challenges facing network operators to support profit-able services
¦Technology issues affecting data backhaul, performance, reliability, and scale
¦Support for multi-level class of service in the backhaul network to handle content-intensive applications to maintain the user experience
¦WiMAX and LTE technical requirements for backhaul—a panorama of benefits and challenges
http://www.ctiawireless.com/events/event_details.cfm?calID=973
-----------
I see Ciena is on the same panel here.....one analyst surmised the recent OEM deal could be with Cisco or Ciena.
Interesting numbers:
According to Ladenburg Thalmann, "Directors and Executive Officers of Quepasa beneficially own ~5.8 million shares oQuepasa, 33.7% of the company according to the 9/30/09 10-Q."
Apple Sues HTC for Stealing iPhone Technology
Posted Mar 02, 2010 10:10am EST by Jay Yarow in Investing, From The Business Insider, March 2, 2010:
Apple today filed a lawsuit against mobile devices maker HTC. The suit claims infringement of 20 patents related to the iPhone's user interface, underlying architecture, and hardware.
In the release, Steve Jobs says, "We can sit by and watch competitors steal our patented inventions, or we can do something about it. We've decided to do something about it...We think competition is healthy, but competitors should create their own original technology, not steal ours."
It looks like the Nexus One, and other HTC phones, may have hit too close to home for Steve Jobs. Maybe adding multitouch to the Nexus One pushed Apple over the edge?
When Steve Jobs unveiled the iPhone, he touted its multitouch screen, then said, "And boy, have we patented it." Since then, the Pre and Android based phones have used multitouch technology. Looks like Apple is ready to swoop in and stop them.
This could be the beginning of a lengthy war against iPhone clones. Palm could be next in Apple's sights.
Apple is already tied up in a patent lawsuit with Nokia, claiming Nokia is stealing Apple technology. Nokia says Apple is stealing its technology. Kodak is also suing Apple claiming technology theft.
Basically, Apple's patent lawyers are going to be busy for the next year or so.
http://finance.yahoo.com/tech-ticker/apple-sues-htc-for-stealing-iphone-technology-yftt_432861.html
Tis is good and worth a read, imo.
http://reg.hkbn.net/ctigroup_admin/files_upload/CTELMcKinseyInterview.pdf
Ok, I'll bite.....where are 8 million shares that are not selling? I started a position at $3.85.....later than most of you, but sooner than most! (Well, except for those 8 million shares that were in way before me, too!)
right on that..CTEL is City Telecom HK Ltd.
Yes, it is software based seamless connectivity that is scalable across all types of wireless, broadband etc. I'm not knocking TSTC, I am just saying there are other solutions to be considered. There was a post asking is there any alternative to TSTC and I was bringing up a possiblity. SMSI is going to have a great year, imo. Congtats on your earlier plays with the stock.
TSTC I own it, but also own SMSI and IDCC and other companies are working or already providing seamless wireless connectivity to all flavors of wireless, TVs' etc (they are working with Time Warner http://www.smithmicro.com/about/news-press-detail.aspx?newsid=500. Here is a small bit from SMSI site. I do not have technical expertise and probably do not fully understand TSTC's proprietary system, but I do believe there is more than 'one right way' to accomplish the connectivity issue.
SMSI solution is branded as customizable, cross-platform, multi-mode connection manager.
Mobile connection management software for notebooks and mobile devices.An unrivaled portfolio of security and network connectivity applications for notebooks and mobile devices.
Mobile connection management software has emerged as a critical requirement for wireless broadband consumers. But the need to offer secure, ubiquitous access to customer-critical information has introduced complex challenges for end users. QuickLink Mobile for PC laptops and Smartphones and the QuickLink Mobile Server have emerged as a leading solution for connection managers.
Whether bundled with data cards, pre-installed in 3G & 4G capable notebooks, access points or Smartphones, or made available for end-user download, the QuickLink Mobile connection manager gives wireless carriers and PC and original equipment manufacturers one simple, yet powerful connection manager solution for connecting virtually any device to any wired or wireless network. Its advanced, automated connectivity management capabilities ensure that end users can easily manage and quickly connect to the fastest, most cost-effective network available.
With QuickLink Mobile, you can customize the UI to extend your corporate brand. It offers a robust skinning engine, flexible localization options, and detailed control of application features and default settings, allowing you to customize the user experience for any market.
http://www.smithmicro.com/products/quicklink-mobile.aspx
Hi rhedayi..... I need to listen this weekend to the webacast again. I found the audio and Mr Allen's presentation a bit difficult to follow. (But, then again, it could be my hearing!)
I think ATT and/or Verizon are still in the picture.
Here is this from January 11, 2010, 8:16 AM by Jonathan Ratner
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2010/01/11/own-dragonwave-before-at-amp-t-contract-win.aspx
"Nonetheless, the market is showing its confidence in Ottawa-based DragonWave. National Bank Financial analyst Kris Thompson, for example, is growing more comfortable that Clearwire revenues will last longer than consensus expects, thereby giving DragonWave more time to backfill its customer base with additional Tier-1 contract wins. The company’s technology being tested by major U.S. wireless carriers Verizon and AT&T, and a decision from them is expected by the summer".
Jimlur, from SPRD Q3 comments:
Spreadtrum currently expects revenue in the fourth quarter of 2009 to be in the range of US$37-40 million. The Company also estimates that gross margin will be flat on a sequential basis in the fourth quarter.
I listened to the webcast by Peter Allen at Pacific Crest Tech Summit. No real light shed on the OEM, other than he just made the point that any relationship with an OEM means DRWI gets a revenue opportunity that it wouldn't otherwise have....he mentioned the deal from yesterday specifically gets DRWI into Japan, a market they would not otherwise be in, as well as with other North American providers they don't currently work with.
They are really focusing on expanding presence globally, and Mexcio and Latin American have high priority. (He was in Mexico City yesterday.)
He reiterated end of year revenue to be 170 million, "I'm very comfortable with that", he said....fiscal year end is the end of Feb.
Apparently GMP Securities out of Toronto thinks the OEM partner is a router or switch vendor. From a yahoo poster re: GMP Securities....
"Given that DragonWave’s equipment is expected to be used in an end-to-end microwave backhaul
solution as opposed to an end-to-end wireless solution (that would include base stations), we believe
the OEM could be either a router or a switch company such as Cisco or Ciena. We note that
DragonWave’s equipment is currently being used with Ciena equipment in the Clearwire network."
and this tidbit as well:
"We see this development as positive and believe investors should view this as an opportunity for
DragonWave to diversify its customer concentration away from Clearwire and/or replace Clearwire
business once Clearwire’s network build starts to ramp down. In addition, we believe that this
agreement allows DragonWave to extend the sales reach for its products and gain access to a new
geography where the company does not yet have a presence. Lastly, this or any other OEM agreement
in our view, could be a prelude, or a “try out” for something more meaningful, specifically an acquisition
if the OEM sees success using DragonWave equipment as part of its end-to-end solution."
Maybe some light will be shed tomorrow:Upcoming Events
Feb 25, 2010
9:30 AM PT 2010 Pacific Crest Emerging Technology Summit
Speaker: Peter Allen, President & CEO DragonWave Inc.
I'll try and listen to the webcast.
----------------------------
Yeah...great day all around.....IDCC numbers are huge. Now I've got to read what marchma thnks over on that board. He really does a great job dissecting it all.
Smith Micro Software Reports Record Fourth Quarter and Fiscal Year 2009 Financial Results
Revenues for Fiscal Year 2009 Increased to a Record $107.3 Million
Fourth Quarter Revenues Increased to a Record $29.7 Million
---------------------
Based on current financial data and management's current plans and assumptions, Smith Micro is projecting that its revenues for fiscal year 2010 will be between $125 million to $135 million.
http://finance.yahoo.com/news/Smith-Micro-Software-Reports-bw-2475648610.html?x=0&.v=1
DDSS and other biotech plays. Just an 'fyi'....... I've often used a board here on IHub (http://investorshub.advfn.com/boards/board.aspx?board_id=1418) and read a poster named DewDiligence (really arrogant attitude at times but this guy knows his stuff in biotech, imo).
One of his recent comments when I did a search on that board for DDSS:
Posted by: DewDiligence Date: Wednesday, February 03, 2010 8:07:42 AM
In reply to: exwannabe who wrote msg# 81096 Post # of 91100
FDA approves DDSS’ extended-release trazodone called Oleptro:
finance.yahoo.com/news/Labopharm-Receives-FDA-prnews-212817182.html?x=0&.v=17
As previously posted (#msg-39681759), I expected this drug to be approved, but I highly doubt that it will sell. There is no compelling reason for anyone to pay a premium price for a new formulation of trazodone because the standard formulation is adequate and is available as a dirt-cheap generic from a wide array of vendors.
DDSS has been hyping its new formulation as purportedly superior to the standard formulation for depression, but this is propaganda insofar as hardly anyone uses trazodone for depression these days. Rather, almost all use of trazodone is as a sleep aid.
DragonWave Signs OEM Agreement With Global Mobile Equipment Manufacturer
Press Release Source: DragonWave Inc. On Wednesday February 24, 2010, 9:21 am EST
OTTAWA, CANADA--(Marketwire - 02/24/10) - DragonWave Inc. (TSX:DWI - News)(NASDAQ:DRWI - News) a leading global supplier of packet microwave radio systems for mobile and access networks, today announced that it has signed an original equipment manufacturer (OEM) agreement with a world leader in mobile communications infrastructure.
Under this agreement, DragonWave's microwave radio system is expected to be included in end-to-end mobile backhaul solutions in North America and Japan.
DragonWave's microwave system will contribute to a world-leading mobile backhaul solution providing zero footprint at the base station, coupled with scalable multi-gigabit Carrier Ethernet transport to enable next generation service delivery with the lowest total cost of ownership.
Rackspace Hosting to Present at Investor Conferences in February and March 2010
SAN ANTONIO, Jan 27, 2010 (BUSINESS WIRE) -- Rackspace(R) Hosting, Inc. (NYSE: RAX) announced that John Engates, chief technology officer, will present at the Deutsche Bank Small and Mid Cap Conference on Feb. 8 in Naples, Fla., at 3:20 p.m. EST. Engates will also present at the Raymond James Institutional Investors Conference on March 10 at 8:40 a.m. EST.
Lew Moorman, president of Rackspace's Cloud division and chief strategy officer, will present at the Goldman Sachs Technology and Internet Conference in San Francisco on Tuesday, Feb. 23 at 4:40 p.m. PST. Moorman will also participate in a cloud computing panel with Amazon.com Inc. at the Pacific Crest Data Center & Cloud Conference on Feb. 24 at 9:30 a.m. PST.
Bruce Knooihuizen, chief financial officer, and Jason Luce, vice president of finance, will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on March 2 at 2:10 p.m. PST.
Audio webcasts of the presentations will be available on the Rackspace Web site, located at http://ir.rackspace.com.
Oil prices up 11 percent in 2 weeks
Oil rises to near $80 a barrel; crude has surged 11 percent in 2 weeks
Chris Kahn, AP Energy Writer, On Friday February 19, 2010, 2:53 pm
NEW YORK (AP) -- Oil prices are again flirting with $80 a barrel after a two-week rally fueled by promising economic reports and worries that troubles in Europe and the Middle East could eventually tighten supplies.
Benchmark crude for March delivery added 75 cents to settle at $79.81 a barrel on the New York Mercantile Exchange. The price of the March contract, which ends Monday, has increased by 12 percent since Feb. 5.
Most of the trading already has moved to the April contract, which added 64 cents Friday to settle at $80.06 a barrel.
Oil supplies in the U.S. are still high for this time of year with petroleum consumption slumping to 11-year lows. But with new home construction, industrial production and manufacturing reports all showing signs of growth this week, there is rising confidence that Americans will regain their appetite for fossil fuels in the second half of the year.
Meanwhile, investors continued to focus on problems with refineries in France, where workers at a refinery for oil giant Total have been striking since Jan. 12. The U.S. imports gasoline and other fuels from Europe, and concerns over disruptions in European refining have helped push energy prices higher.
Also, the United Nations' International Atomic Energy Agency said Thursday that Iran may be working on a nuclear warhead, raising concerns about a military build up in the region and the availability of oil supplies from the Persian Gulf.
"The fear of Iran has always been instrumental in the price run-ups of 2007 and 2008, fueling the 'what-if' scenarios that are necessary for bull runs and this year might not be different," said analyst Olivier Jakob of Petromatrix in Switzerland.
Energy prices dipped earlier in the day following Thursday's Federal Reserve announcement that it will bump up the so-called "discount" lending rate. That sent the dollar to its highest level since May. Crude, which is priced in U.S. currency, tends to fall in price as the dollar rises and makes oil barrels tougher to buy for investors holding foreign money.
But a Labor Department report Friday morning said consumer prices excluding food and energy fell in January for the first time since December 1982. That tempered concerns about future inflation, analyst Phil Flynn said.
At the pump, retail gasoline prices increased for the second day this week, adding less than a penny overnight for a national average of $2.623 a gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular unleaded is 11.4 cents cheaper than a month ago and 67.4 cents more expensive than a year ago.
In other Nymex trading in March contracts, heating oil rose less than a penny to $2.0543 a gallon, and gasoline added 1.56 cents to $2.0848 a gallon. Natural gas gave up 14.6 cents to $5.026 per 1,000 cubic feet.
In London, Brent crude fell 6 cents to $77.72 on the ICE futures exchange.
Associated Press writers Pablo Gorondi in Budapest, Hungary and Alex Kennedy in Singapore contributed to this report.
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