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pit for as long as I can remember and recall GTE has been making you sick and so it have me as well. I think this stock is going down where it was few months ago which is $1.14-1.50 range and my opinion is based on shorts, promise of flight and promise of russian money WHICH I DO NOT BELIEVE YOU WILL SEE ANYTIME SOON therefore my call for PPS. I could be wrong but that is how I call it. All this talk about Big money investing in GTE is based on GTE getting loans for shares which big money gets. Then specialist aka MM runs the stock up and you see sell off. Simple. All at individual's investors expense. That is why IMO AMEX was chosen not NAZ. On NAZ this wouldn't fly. Also no NAZ Huff would have to do investor's call and we know how he loves to keep investors in dark. SEE YA GUYS IN LOWEVER TWO'S.
fromp. I do not believe in anything GTE says because nothing from business plan found in letters to shareholders realized. NOTHING. No magic money $, no profitability, no strat test flight, no VoIp revs. What more should i state. Current PPS and market cap is reflecting like they would have something going on but GTE does not. Read MF article again. They are right on the money. Russia is very familiar country to me and I know how business is being done over there. Let me just say this. Big, monopolized companies run things there and no small foreign Co will come in there and steal Rubels from the Godfather.
If strat would fly and be commercialy viable then $1B market cap should be for starters and then up from there. KEY WORD is if strat flies in stratosphere for prelong periods of time. I don't believe you will see strat for few years. That is why GTE is going with Wi-Max direction now. I also don't believe you will see any money from Russia on 10Q anytime soon either IF AT ALL. I mean look at the Columbian annoucment a year ago. Do you see any money now. Has there been any update on this annoucment. NO. Bait and Switch is the name of the game. But the main point from this whole story is that no revs are being generated from other business units annouced 2 yrs ago which is a TOTAL FAILURE. I couldn't believe my ears when lowtrade said that GTE has been executing well. Please enlighten me where because either i'm lost or you guys are totatly blinded by bling bling promises GTE made. I think PPS will go down now quite a bit with TA confirming it and shorts entering. JMO.
matt you won't see $150MM not even in February. If PR will come which I doubt you won't see that on next 10Q. Lowtrade knows that that is why he's swinging. $2.00 should be GTE next stop. JMO.
AMEN TO THAT. 50MA JUST BEEN BROKEN and DI- crossed over DI+ also with DI- crossing over the ADX line. Double confirmation of negative trend. I'm waiting for american bulls candle stick triple confirming SELL signal. Until Strat flies this stock belongs at $1.00-$1.50. That is my opinion based on market capitalization and revenues of the company. At year end company MIGHT have 80 million which should be it's market cap. Right now its way too overvalued.
GTE TA REVERSED TO NEGATIVE TREND !!
Di- crossed over Di+ and it about to hit ADX line which will double confirm negative trend besides already Di's cross over confirmation. See ya at $2.00 or under.
http://stockcharts.com/def/servlet/SC.web?c=GTE,uu[w,a]daclyyay[db][pb50!b200!f][vc60][iut!Ub14!Ul3]...
HINT: "When it Rains it Pours." EOM.
Nortel Powers IPTV, Video and Advanced Communications for Service Providers
http://www.iptv-news.com/content/view/385/64/
November 9th, 2005 -Nortel (http://www.nortel.com) has launched an end-to-end IPTV solution designed to help speed the deployment of new IPTV services and enable additional revenue generating opportunities.
Nortel’s IPTV solution uses a service provider’s broadband network to deliver television, video, and other advanced services to subscribers. By integrating Nortel’s SIP-based multimedia communication technology into the television experience, IPTV subscribers can use their TVs to communicate and interact with their friends and family through a variety of media, such as voice, instant messaging, video, and picture sharing. In addition, Nortel’s solution works with wireless devices such as PDAs and cell phones.
Nortel has established a strategic ecosystem of IPTV providers and products to form a complete end-to-end solution. Extensive testing in Nortel’s IPTV lab in Ottawa helps ensure that the solution will meet the demanding functionality, reliability and security requirements of service providers. The end-to-end solution, including the underlying Ultra Broadband access network, will be sold and supported by Nortel, which has proven experience and the extensive professional services required to support the deployment of large service provider networks.
Security and reliability are two items critical to IPTV’s success in the carrier environment. As such, Nortel is committed to identifying and addressing security issues, as well as providing superior reliability in its IPTV network designs. Another challenge that IPTV introduces for telco service providers is the complexity of integrating the many new components that are required to acquire, process, and deliver high-quality video services. Nortel is helping customers eliminate this added complexity by providing a single point of contact to manage the entire network build-out, as well as a broad range of professional services geared to removing the risks associated with planning, operating, and managing an IPTV network.
"As telcos move to deploy IPTV services to compete with cable triple-play offerings, network complexity and time-to-market delays are a real obstacle to success," said Matt Davis, director, Broadband Access Technologies, Yankee Group. "Service providers are looking at a variety of integration options, and companies like Nortel can support and speed up the rollout of next generation services by helping them fuse together voice, data and IPTV."
Nortel’s current end-to-end IPTV solution ecosystem includes: IPTV middleware from Minerva Networks and Orca Interactive; video-on-demand (VoD) from Kasenna and BitBand; content security solutions from Irdeto; encoders from Harmonic and Optibase; a Web browser interface from Espial; digital program insertion (DPI) from Terayon; an emergency alert system (EAS) from Trilithic; xDSL modems from Westell; and set-top boxes from Amino.
Market Gainer updates Terayon Communication Systems Inc.
http://www.knobias.com/individual/public/news.htm?eid=3.1.444d242d236b0e0b0bb62b3b59d3a844b27d956ed0...
Friday , January 20, 2006 04:02 ET
Jan 20, 2006 (M2 PRESSWIRE via COMTEX) -- Terayon Communication Systems, Inc. (NASDAQ:TERNE), a leading provider of digital video networking applications and home access solutions, announced today that The NASDAQ Listing Qualifications Panel has granted its request for continued listing, subject to certain conditions. As previously announced, NASDAQ had earlier notified Terayon of its intention to delist Terayon's stock based on the Company's failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2005, and the Company's failure to solicit proxies and hold an annual shareholders' meeting during 2005. As previously announced, the Company was unable to timely file the Form 10-Q and to solicit proxies and hold the annual meeting due to the review the Company is performing on the recognition of revenue for certain transactions during prior periods.
There are three conditions to the Panel's grant of continued listing(1) on or before January 31, 2006, Terayon must provide NASDAQ with a copy of the final investigatory report, if any, and a response to questions relating to the Company's internal accounting review; (2) on or before March 31, 2006, Terayon shall file its Form 10-Q for the period ended September 30, 2005 and all required restatements; and (3) on or before March 31, 2006, Terayon shall file its proxy statement for the 2005 annual meeting, with a record and meeting date as soon thereafter as possible.
The Company is making every effort to comply with these requirements; however, there can be no assurance that it will be able to do so within the Panel's deadlines, or that it will avoid delisting from NASDAQ.
Terayon's trading symbol will remain TERNE pending a determination that the Company is in full compliance with NASDAQ's filing requirements and has evidenced compliance with all other requirements for continued listing on NASDAQ.
NASDAQ Panel Grants Terayon's Request for Continued Listing
Thursday January 19, 5:00 pm ET
SANTA CLARA, Calif., Jan. 19 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), a leading provider of digital video networking applications and home access solutions, announced today that The NASDAQ Listing Qualifications Panel has granted its request for continued listing, subject to certain conditions. As previously announced, NASDAQ had earlier notified Terayon of its intention to delist Terayon's stock based on the Company's failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2005, and the Company's failure to solicit proxies and hold an annual shareholders' meeting during 2005. As previously announced, the Company was unable to timely file the Form 10-Q and to solicit proxies and hold the annual meeting due to the review the Company is performing on the recognition of revenue for certain transactions during prior periods.
There are three conditions to the Panel's grant of continued listing: (1) on or before January 31, 2006, Terayon must provide NASDAQ with a copy of the final investigatory report, if any, and a response to questions relating to the Company's internal accounting review; (2) on or before March 31, 2006, Terayon shall file its Form 10-Q for the period ended September 30, 2005 and all required restatements; and (3) on or before March 31, 2006, Terayon shall file its proxy statement for the 2005 annual meeting, with a record and meeting date as soon thereafter as possible.
The Company is making every effort to comply with these requirements; however, there can be no assurance that it will be able to do so within the Panel's deadlines, or that it will avoid delisting from NASDAQ.
Terayon's trading symbol will remain TERNE pending a determination that the Company is in full compliance with NASDAQ's filing requirements and has evidenced compliance with all other requirements for continued listing on NASDAQ.
About Terayon
Terayon Communication Systems, Inc. provides digital video networking applications and home access solutions that enable the delivery of advanced digital video, voice and data services. Service providers worldwide have deployed more than 6,000 of Terayon's digital video systems to brand their programming, insert millions of digital ads, offer HDTV and other digital video services. More than five million Terayon cable modems and other home access solutions have been deployed by cable operators globally to provide broadband Internet access and VoIP telephony. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained in this press release, the matters discussed in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements relating to the nature of Terayon's accounting review, statements relating to the expected outcome of Terayon's accounting review, and other statement that are not historical facts.
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the timing and success of any hearing before a NASDAQ Listing Qualifications Panel, the timing and results of the completed review into possible accounting errors, the timing of the filing of Terayon's Form 10-Q for the third quarter of fiscal year 2005, the timing of the filing of Terayon's proxy statement for its 2005 annual shareholders meeting, the need for any corrective actions in connection with Terayon's accounting practices, the actual timing and extent of any restatement of prior financial results, the reaction to any such restatement by Terayon's stockholders and customers, as well as changes in economic, business, competitive, technological and/or regularly factors and trends. Additional factors that may affect future results are contained in Terayon's SEC reports, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, particularly in the "Risk Factors" and "Management Discussion and Analysis of Financial Condition and Results of Operations" sections. Such filings are available at the SEC's website www.sec.gov. Terayon disclaims any obligation or intent to update and revise the statements contained in this release based on new information or otherwise.
NOTE: Terayon and the Terayon logo are registered trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners.
--------------------------------------------------------------------------------
Source: Terayon Communication Systems, Inc.
Perhaps, but they wrote exacly what i was thinking but with more detail and more proof that i could produce. But we were on the same path with me being early to the plate. I didn't even like Motley Fool before the article. I can't see what intrest would this independent publication have but people with agenda will aways try to flip the coin. That's the problem in my opinion. Avoiding facts, spininng negative news to positive and giveing more and more and more time to the company that failed to produce a single $1 from other buisness units for 2 yrs. The rule on the market is if in 18 months company fails to capitalize on business plan then dump and run as far as you can but what do they know. GTE board members know best, even more then Motley Fool, Sebass, Rupert Murdoc, Cramer and others.
"Let the company produce the results. Rocky is right. The way to shut up bashers is to produce. "
AGREED....but there is one problem for last 2 years Globetel and it's menagment has failed to do just that as its clearly know by reading business plan in shareholders letters. Mangament has failed to produce anything from business plan.
You guys are making a killing here. I was watching this for 6 months now and now i'm kicking myself in the ass for not investing in there. Since it showed up on my radar it was at $1.80. Damn. What a mistake. Something is up because stock is moving on huge volume comparing to avr. volume and no news, at least no reported news. I'm assuming news leaked out already and people with inside info are accumilating however not it might be too late for me to get in. After all i really don't know NAV of the company until they annouce. For all i know it could be overvalued now. RSI at 83. That's too high for me. Bummer. http://stockcharts.com/def/servlet/SC.web?c=CWPC,uu[w,a]daclyyay[db][pb100!b50!f][vc60][iut!Uc20!Ub1...
ANY THOUGHT ON THIS MOVMENT AND NAV ?
Villas
I was reffering to those failure in business plan.
Today, at the beginning of Year Three, we are poised at two important milestones for our Company:
Milestone 1: The Expansion of our Stored-Value Program; and
Milestone 2: Sanswire's Launch of the Stratellite.
Expansion of our Stored-Value Program:
We have invested heavily in developing the infrastructure, business and partnering agreements, products, services and support over this past year to effectuate these initiatives. We have described these products and services and their progress in various press releases.
We will expand our Stored Value programs in Mexico, the Philippines and India, the three largest money remittance markets in the world.
We will begin expansion by adding calling card functionality to millions of debit cards in Mexico in the first half of 2005 and will repeat the process in India and the Philippines.
We will also expand our prepaid calling services into new markets in the second half of 2005.
A full telephony product line will be introduced in the first quarter of 2005 and launched in key markets by June 2005.
Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006.
We project that these products and services will provide such revenues and margins that the Company will show profitability by the end of the second quarter of 2005.
We have scheduled the launch date for the Stratellite prototype for March 25, 2005
TO PDXLOU. My take on current GTE business.
Let me say this first.You are in no position to tell me what should or shouldn’t I do and even if you were then I would refer you to the cherished document called constitution and right of free speech and press. Besides that fact message boards were created just for that reason to voice your own opinion without censorship which by the way Rocky was doing. Furthermore you post here and you have right to post here as well as I do and leave if you want as well. So I’m not going anywhere. As far as your statement of "misconstrued facts" please tell me what is misconstrued by me referring to shareholders letters and CEO's quotes? Can a person provide more solid proof then CEO own words and business plan? Last time I check that is how investigations are put together and proven in court. How can anyone say exact quotes are misconstrued statements? FACTS ARE FACTS even when they are really bad so why can't you face them I ask? Why? If you want to continue to debate then please tell me what has materialized monetary from last year shareholder letter? http://globetel.net/about/letter011005.html
After you read you will realize that NOTHING has materialized and why would it this year is the question? Notice a pattern of promises and what Motley Fool pointed out as well. If you can't connect the dots then I and Motley Fool just did that for you. If anything you should appreciate whistleblowers. I believed once too. I no longer trust those people due to their execution failure and broken promises. Can you blame me? How many times is he going to cry wolf. Did you meet any executives? I have. I have talked to CEO and took a picture with him in belief that one day he will be next John Chambers (current Cisco CEO) of Globetel. The conqueror of skis and stratosphere and then Huff woke me up to the nightmare not a dream and he is the person to blame for failed business plan and timelines. I’m just trying to connect the dots for those folks that wear those rainbow glasses dreaming of being millionaire where nothing monetary has realized from last 2 years. If and when I see some significant revenues on 10Q (not in PR)with high margins from other business units other then bleeding $ carrier traffic then I will change my mind. Until then you folks are at disadvantage of being “slathered bulls” as Cramer would say because of failed busines plan and bleeding cash. Be very awake and investigate. Your rebuttal please.
GOOD2BE HERE IT IS
http://findarticles.com/p/articles/mi_m0EIN/is_2003_Sept_22/ai_108002054
GTEL Announces Strategic Investment in its New Partner Advantage Telecommunications
Business Editors/High-Tech Writers
MIAMI--(BUSINESS WIRE)--Sept. 22, 2003
GlobeTel Communications Corp. (OTCBB:GTEL), today announced a strategic partnership and investment in Advantage Telecommunications Limited (AdvanTel) (ATC.AX) that creates a new force in global telecommunications.
AdvanTel and GTEL are successful international telecommunications companies with complementary businesses. Under the terms of the deal GTEL will provide initial funding to AdvanTel of US $1.2m. GTEL has appointed 3 of 5 Board seats of AdvanTel and Mark Steward, CEO of AdvanTel, will join the GTEL Board of Directors.
AdvanTel has expanded its global operations from the United Kingdom, Hong Kong and China to include Germany, Macau, Vietnam, Sri Lanka, Bangladesh, Mauritius, Cambodia, Indonesia, Pakistan and Taiwan. The AdvanTel network has been built over a four-year period and has an estimated replacement value of US $30m.
GTEL has an existing network that covers the USA, Mexico, Malaysia, Australia, Brazil, Venezuela and the Caribbean. With access to the AdvanTel network, GTEL expects to substantially increase its revenues on carrier based services, allowing a faster penetration of GTEL's value-added products and services.
AdvanTel has exclusive contracts in the Asian Telecom markets that call for the prepaid technology of GTEL. These contracts represent significant opportunities for large-scale deployment of the prepaid Money Magic calling card of GTEL. See press release http://biz.yahoo.com/bw/030716/165294_1.html.
AdvanTel's revenue ramped 500% US $2m 2001/2002 to US $10m in 2002/2003, as it deployed and completed its global network. Over the same period AdvanTel has expanded to carry over 100 million minutes of international telephone calls in the last 6 months while expanding its customer base to serve over 140 telecommunications carriers including China Telecom, China Unicom, China Netcom, Malaysia Telecom, Hutchison Telecom, and KDDI.
Mark J. Stewart, Chief Executive Officer, stated, "The GTEL deal is great news for the ATC shareholders. AdvanTel gains access to new markets, investment from a credible US listed partner whilst there is synergy value with new revenues streams for AdvanTel in the carriage of GTEL international voice traffic."
Timothy Huff, Chief Executive Officer, GTEL said, "The AdvanTel deal gives GTEL the global platform on which to drive its business model based on IP related products and services. It has afforded GTEL time to market advantages and access to the valuable Asian and Chinese markets. The combination of the AdvanTel and GTEL networks gives GTEL a World-Class network that literally wraps the World with access in 6 of the 7 continents of the World. We look forward to developing and strengthening the relationship over the coming months."
About Advantage Telecommunications Limited (AdvanTel, ASX:ATC)
AdvanTel's corporate office is based in London, England, whilst the company is an Australian listed company trading on the Australian Stock Exchange (ASX). AdvanTel is a Eurasian telecom operator with a China Gateway proposition and operations in United Kingdom, Germany, China, Hong Kong, and nine other Asian countries.
AdvanTel provides high quality international voice telecommunications services to a number of markets in China, Asia, Europe and the USA and has a strong tier 1 customer base of over 140 carrier customers worldwide. AdvanTel owns and operates its international switching network in each market and has carried over 100 million minutes of voice traffic in this year alone.
For further information please contact: mailto:info@advanteluk.com
See website: http://www.advantel.com.au
About GlobeTel
GlobeTel Communications Corp. is a profitable, rapidly growing, publicly traded company (OTCBB:GTEL) that provides advanced value-added telephony and non-telephony services using Internet Protocol ("IP") technology. To deliver its services the GTEL maintains a facilities-based carrier-class, international telecommunications network and is licensed under Section 214 by the Federal Communications Commission ("FCC"). GTEL focuses on deregulated, rapidly growing emerging markets, initially concentrating on Latin America and Asia.
GTEL currently has operations in the United States, Mexico, Brazil, Venezuela, Australia, and Malaysia. GTEL's year 2003 expansion plans include establishing operations in the additional Spanish-speaking countries of Argentina, Colombia, Chile, Uruguay, Peru, Bolivia, Ecuador, Paraguay, and Spain. The development of markets interconnected with the United States and with neighboring countries allows GTEL to make a small capital investment, serve the highest inter-related calling markets in each region, and offer ethnic-specific products and services.
For more information on our new Board member, Mark Stewart, see our website under the Management section of the news tabs. This is a direct link http://www.globetel.net/mjstewart.htm
See website: www.globetel.net .
COPYRIGHT 2003 Business Wire
I WILL HOLD HUFF TO THIS STATMENT AND WILL REVISIT IN MARCH.
Huff: " Huff added, "Sanswire Networks will float Sanswire II, the technology Demonstrator in February."(2006)
Hopefull we can see it and see it fly. Not just a wreck we've seen in San Bernardino without any technology installed.
INSIDER'S SALES. A LOT OF SALES !!!
http://www.form4oracle.com/company?cik=0000919742&ticker=gte
Crashman http://globetel.net/about/letter011005.html
http://globetel.net/about/letters.html
I've done more research on GTE then you have been registered on this forum so please you do your DD and check
what has been realized from Huff's business plan. Read this and then we can talk about DD on GTE and awesome execution of Huff's business plan.
http://globetel.net/about/letter011005.html
To Our Valued Shareholders,
At GlobeTel, our Board of Directors, management and staff feel privileged to have been afforded opportunities for growth and thank you for your confidence and sharing in our efforts and goals.
We have, by public news releases and our web site (www.globetel.net), endeavored to keep you and the general public timely apprised, informed and aware of all significant events.
In December 2003, I described our vision for a 3-year plan. The year 2003 was for corporate restructuring and business reformation. The year 2004, was to develop investor strategies, capital funding, product definition and business development. Finally the year 2005 was revenue growth and building value in the public markets.
I set forth a two-pronged strategy for developing value for GlobeTel:
Growth of High Volume, Low Margin Carrier-Based Traffic. We ran on average over $1 million a week in carrier traffic during the fourth quarter of 2004. Our carrier business is in full swing and our focus will now turn to making it a very stable and increasing the profit margin. We plan to light up the international gateway in Hong Kong in the first quarter of this year. This will increase our worldwide carrier network capabilities and give us a high-margin based business for our Asian traffic. The carrier business forms and creates the backbone structure for our value added products like Magic Phone and Magic Money.
Investments in New High-Margin, Value-Added Competitive Products. These investments are necessary to complement our carrier-based revenue and eventually become the primary business of the Company. Value-added products like Magic Phone and Stored-Value Programs, which includes MasterCard money remittance programs and prepaid calling cards, will combine with the carrier business to create high revenues and high margin-based businesses.
Today, at the beginning of Year Three, we are poised at two important milestones for our Company:
Milestone 1: The Expansion of our Stored-Value Program; and
Milestone 2: Sanswire's Launch of the Stratellite.
Expansion of our Stored-Value Program:
We have invested heavily in developing the infrastructure, business and partnering agreements, products, services and support over this past year to effectuate these initiatives. We have described these products and services and their progress in various press releases.
We will expand our Stored Value programs in Mexico, the Philippines and India, the three largest money remittance markets in the world.
We will begin expansion by adding calling card functionality to millions of debit cards in Mexico in the first half of 2005 and will repeat the process in India and the Philippines.
We will also expand our prepaid calling services into new markets in the second half of 2005.
A full telephony product line will be introduced in the first quarter of 2005 and launched in key markets by June 2005.
Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006.
We project that these products and services will provide such revenues and margins that the Company will show profitability by the end of the second quarter of 2005.
We are breaking new ground in these markets with new and innovative approaches and are very cautious about any blue sky forecasting. We are confident of what we believe will be our successes but trust you understand our conservatism as to any projections.
Of course, these are estimates only and based on things currently known and in motion. As we all realize, situations can change locally, internationally and also dramatically. We anticipate revenues to increase through the second, third and fourth quarters as these new launches gain momentum throughout the year. Our focus this year is to make the company profitable while staying focused on building products and services. We will become driven to add higher-margin businesses and bundled services.
We believe our longer term goals of $250 million revenues by the end of 2006 are achievable and realistic, based on solid products and services and the successful implementation of marketing strategies.
None of our projects or revenue goals include our exciting subsidiary, Sanswire Networks, LLC (Sanswire). Sanswire is too explosive and exciting and it would be impossible for us to offer any believable forecast. This brings us to the second milestone.
Sanswire and the Launch of the Stratellite
GlobeTel intends to be the first to reach the Stratosphere with Sanswire's High Altitude Airship - “Stratellite,” overcoming the final barrier that has limited the further growth of the communications industry - “the Last Mile.”
We have scheduled the launch date for the Stratellite prototype for March 25, 2005. Prior to this, on February 21 and 22, we will have the Partners and Technology Summit to be held in Southern California. This conference was rescheduled to allow partners from many interested parties to attend. We have one opportunity to get this right, there is no reason to rush it or to have a meeting that doesn't allow the maximum participation in the Summit.
This venture is difficult for many to understand as well as its impact on the world of communications and how it will affect the value and exposure of GlobeTel. The launch date was chosen to allow closed testing for certain groups that require it and again there is no reason to rush the launch. We are currently ahead of the industry and we believe we are in the unique position to be the first to reach the Stratosphere with a stable airship platform.
In August, I described our Company vision, as our ability, “to enable individuals to communicate at any time, anywhere in the world, to transact and interact personally, financially and in a simple straightforward way that they have not been able to do before and to free individuals from the confinement and inflexibility of technology and to provide them with more freedom, choices and options.”
We have shortened our vision to “Communicate, Interact and Transact - Globally.”
GlobeTel will, in the future, be able to deliver integrated voice, video and data through the development of Internet Protocol (IP) Super Hub infrastructure, the ideal platform for High Performance Rich Content applications.
The present interest in the Stratellite project includes high profile investment individuals and companies, commercial interests and those in the highest levels of government and the military. In addition to a number of requested meetings for presentations, there is also substantial media interest.
We have intentionally not included any revenue projections for the Stratellite project as the potential and possibilities are quite staggering. We also have a lot of work yet to be done on all aspects of the venture itself.
Finally, I would like to expound on another very important and critical component of the growth of our Company, our application to the American Stock Exchange (AMEX). The application to the AMEX has been submitted and it is presently under review.
We have been asked why we are pursuing this direction. There are several key reasons, among others:
Going to the AMEX gives us the ability to attract the attention of money managers and funds that we can't talk to now;
A specialist is assigned to the stock to represent the Company, to provide in-depth information for investors, including projections and company goals;
Many investors and investment firms have guidelines such that they cannot be associated with firms that do not have a certain status.
Our four major areas of business - Carrier Traffic, IP Telephony Products and Services, International Magic Money and Stored Value Cards, and the Sanswire Stratellite, can all be considered companies within themselves, each are viable and though there is some shared overhead, we intend for each to stand on their own and be successful and profitable in their own right. We do not want to be totally dependent upon one single venture or project.
We are excited about our future which we share with you as part of our GlobeTel family and our partners worldwide.
You have my commitment and that of our entire GlobeTel team to do our very best in utilizing our energies, talents and resources to meet our goals and objectives.
Sincerely,
Timothy Huff
CEO
GlobeTel Communications Corp.
Doc
"...MANY of the business models have been put into place, that revenue is exploding..."
Hmmm..yeah many business models have been put into place but they are not generating ANY revenue besides lossing money carrier traffic and as far as exploding revenues what revenues ? Carrier traffic revs ? Even if they are exploding then so is cost of those revenues. Did you look at 10Q bro ? Did you read it ? If you would then you would know that cost of revenues is going up not down and profitability only will happen on other business units but then again they are not generating any revs so we are talking about nothing.
And for rest of you people condesanding and sarcastic comments i say this. Sarcasm and lack of knowing the facts and security statments will not make you any money, only loose them so remember that. And i guess Motley Fool is bashing too ha ?
DoctorS. I will first need to see that money on 10Q and verify that in fact it came from Russia not from Carrier Traffic. If money trail will verify to Russia then I will turn bullish and YES STRAT is the ultimate catalyst for this stock for which I have been waiting and time lines were broken multiple times. May I remind you that if strat would have possibility to be flown and be sucessfull Lockheed Martin or Rupert Murdoc from DirectTV would buy GTE long time ago for pennies on a dollar. Something to think about for you. No one would risk their entire fortune to be taken away by small player. I hope you are right but from what've seen to date it does not look good. WORDS DO NOT TURN INTO MONEY. ACTION AND BUSINESS PLAN EXECUTION DOES and you should know by now that nothing from 2003 and 2004 business plan have been realized. Check letters to shareholders yourself because most of you will now say that i'm making this up. Well take your time and read last 3 shareholders letters and make a check list what has and has not been realized. You will be shocked but don't take my word for it. JUST DO IT for your money sake.
MOTLEY FOOL MENTIONED FRAUD BY GTE.
So i guess this time you can't say that i'm making this up or are you going to say now that Motley Fool is making it up and so was New York Post as well ? What is $ from Columbian deal ?
http://www.fool.com/news/commentary/2006/commentary06012310.htm?source=eptyholnk303100&logvisit=...
The quiet scandal
Nugold/ATC/CGI was the key character in what some in the Australian press called one of the biggest embezzlements and securities frauds in Australian history. According to ASIC, from March 2001 until September, 2002, the company was the subject of a very complex stock manipulation by an Australian securities dealer named Upul Samantha Anthony, who worked for Cogent Securities. During that time, Anthony stole more than $16 million from his employers and funneled $10 million directly into ATC/CGI and affiliates. Additional details reported from police records by writers for the Australian Financial Review (FR) shed even more light on the scheme.
Anthony sent $7 million of the pilfered money in "loans" to ATC/CGI in order to shore up the cash-hemorrhaging company, and he sent another $3 million to Nugold -- via another telecom, Futurstel -- where it was used to finance the purchase the remainder of ATC/CGI. (The rest of the money went toward trying to manipulate the penny stock's share price on the Australian market via Nugold/ATC/CGI stock purchases through various fronts.)
When Anthony finally came clean in September of 2002, ATC/GCI claimed it knew nothing about the scam. That's pretty tough to swallow, given that, according to FR, Anthony actually lived with two of ATC's founders, Andrew Boyd and Hastings Singh, and it doesn't appear that the company would have survived long without the money Anthony stole.
Anthony, who cooperated extensively with Australian securities investors, said he was promised a job at ATC/CGI, as well as a large slug of shares, if he could secure capital injections needed for ever-increasing amounts of network equipment for ATC's Hong Kong wing. According to the FR article of September 2004, the stolen $7 million that was paid directly to ATC/CGI simply disappeared without a trace.
TO ALL: I no longer need to alert U. Motley Fool does that every time I read their story it preety much says everything that i have been saying for last few months way before motley fool articles. So you've warned by me and now Motley Fool before you loose your shirts.
In my opinion Globetel business model is a scam. Unfortunatly for those of you that continue to attack me instead of at least listening to the story and following up on the facts yourself will find out the hard way. Your destiny is actually in your own hands. Keep dreaming because the dream will not be realized by Globetel. I'm actually suprised at how long they are being able to keep this alive. I will be taking legal action when the time is right for fradulent statments made. Just my opinion and FYI.
Account review repost
by: luckycoin04 01/17/06 03:34 pm
Msg: 86835 of 86866
There is probably more to the accounting story, but still don't feel criminal action is at hand here.
Terayon has historically been a "hardware" company. After restructuring, and given that their star product is really now a "software" product, they need to change their accounting practices from those of a "hardware" company to those of a "software" company.
That's first... second, the rules of accounting have become quite stringent lately, and compliance to SarbOx always takes quite a bit of pain especially with a new accountant, a change of company type, and a flag on incorrectly accounted for revenue.
Accounting for public companies has become a nightmare ever since SarbOx, but hopefully it will prevent the next Enron from happening. If it doesn't, it will be one of the biggest foibles in American economic history... sucking tons of money out of our economy and especially hard hit would be the smaller companies.
Just my opinion.
Another piece of opinion: Only a damn fool would go around screaming "bankruptcy" and "crooks" at this point... or someone who wants to put their own shallow spin on the recent events. All the knee-jerk shouting back and forth is what makes these message boards so tiresome, and it's one main reason nobody with anything useful to say hardly ever comes around. Good job.
followingte thanks so much for posting it. It was very helpful. If you come across more insightfull data please post.
Please enlighten me with your intelligence. When I posted I always provided facts and link and intelligent posts. You people just slam me because it does not fit your agenda with non-sense and no-proof statements. You have no clue and can't read info box based on your statement. You can't follow analyst either. Also this CEO has not promised anything that he didn't deliver. Also CEO has explained situation and is not hiding like other CEO who is ripping investors. Cash and finances look stellar comparing to your co. Your Co burns threw cash like crazy with no future profit at all. This company has 100MM in cash. Learn how to read and think first before you open your mouth and invest because it reflect on you intelligence. Enlighten me or shut up. We'll see soon anyway. I expect another bad storm in TERNE before dust settles and then you will see stock price way higher then your scam Co. At least TERN has product to sell. Your company does not have one product to sell. It reroutes traffic. Everything else is a promise which has been broken many times in last 2 yrs. Whow. Dude the dream made you people blind to reality. It’s better to see grey reality then colorful false but dreams feel better then reality so I understand people’s dreams. Bottom line is history, facts and financial situation is the reality not promise which are not delivered upon. Wake up and smell the coffee. You're the joke and last laugh will be mine and I promise you that.
Terayon Receives Notice of Default From Bondholders
Friday January 13, 5:30 pm ET
SANTA CLARA, Calif., Jan. 13 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), a leading provider of digital video networking applications and home access solutions, previously announced on November 7, 2005 that the filing of its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2005 (Form 10-Q) would be delayed and that it had commenced an accounting review after determining that certain revenues recognized in the second half of fiscal year 2004 may have been recorded in incorrect periods. As a result of the delay in filing its Form 10-Q, Terayon is not in compliance with its obligation under the Indenture with respect to Terayon's 5% Convertible Subordinated Notes due 2007 (Notes) to file with the Securities and Exchange Commission (SEC) and the trustee of the Notes (Trustee) all reports, information and other documents required pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934.
On January 12, 2006, Terayon was provided written notice of default from holders of over 25% in aggregate principal amount of the Notes outstanding based on Terayon's failure to file its Form 10-Q. If such default is not cured within 60 days of this notice, an event of default will occur and the Trustee or holders of at least 25% in aggregate principal amount of the Notes then outstanding, upon notice to the Company, may accelerate the maturity of the Notes and declare the entire principal amount of the Notes, together with all accrued and unpaid interest thereon, to be due and payable immediately. The Notes currently outstanding have an aggregate principal amount of approximately $65 million. The company ended 2005 with approximately $101 million of cash and cash equivalents plus short-term investments which represents a $3 million increase over year end 2004 balances of approximately $98 million.
"We were aware of our obligations under the Indenture and have already considered alternative actions," stated Mark Richman, Terayon's Chief Financial Officer. "Given our cash position and reduction in cash usage as a result of our restructuring of the business we are comfortable with our cash position and we have several options available."
About Terayon
Terayon Communication Systems, Inc. provides digital video networking applications and home access solutions that enable the delivery of advanced digital video, voice and data services. Service providers worldwide have deployed more than 6,000 of Terayon's digital video systems to brand their programming, insert millions of digital ads, offer HDTV and other digital video services. More than five million Terayon cable modems and other home access solutions have been deployed by cable operators globally to provide broadband Internet access and VoIP telephony. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained in this press release, the matters discussed in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements relating to the nature of Terayon's accounting review, statements relating to the expected outcome of Terayon's accounting review, and other statement that are not historical facts.
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the timing and success of any hearing before a NASDAQ Listing Qualifications Panel, the results of the completed review into possible accounting errors, the timing of the filing of Terayon's Form 10-Q for the third quarter of fiscal year 2005, the need for any corrective actions in connection with Terayon's accounting practices, the actual timing and extent of any restatement of prior financial results, the reaction to any such restatement by Terayon's stockholders and customers, as well as changes in economic, business, competitive, technological and/or regularly factors and trends. Additional factors that may affect future results are contained in Terayon's SEC reports, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, particularly in the "Risk Factors" and "Management Discussion and Analysis of Financial Condition and Results of Operations" sections. Such filings are available at the SEC's website www.sec.gov. Terayon disclaims any obligation or intent to update and revise the statements contained in this release based on new information or otherwise.
Note: Terayon and the Terayon logo are registered trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners.
--------------------------------------------------------------------------------
Source: Terayon Communication Systems, Inc.
Terayon Provides Update on Accounting Review
Tuesday January 10, 5:00 pm ET
Company Also Receives Letter From NASDAQ Regarding Its 2005 Shareholder Meeting
SANTA CLARA, Calif., Jan. 10 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), a leading provider of digital video networking applications and home access solutions, announced on November 7, 2005 that the filing of its Form 10-Q for the third quarter of 2005 would be delayed and that it had commenced an accounting review after determining that certain revenues recognized in the second half of fiscal year 2004 may have been recorded in incorrect periods. The delayed filing of Terayon's Form 10-Q for the third quarter of 2005 caused Terayon to be in violation of NASDAQ Marketplace Rule 4310(c)(14), which requires the timely filing of periodic reports with the U.S. Securities and Exchange Commission (SEC). While steady progress has been made, Terayon cannot determine at this time when the accounting review will be completed. The company intends to file its Form 10-Q for the third quarter of 2005 as soon as practicable following the conclusion of the accounting review.
In addition, as a result of the delay in the filing of its Form 10-Q for the quarterly period ended September 30, 2005, Terayon is not in compliance with its obligation under the Indenture with respect to Terayon's 5% Convertible Subordinated Notes due 2007 (Notes) to file with the SEC and the trustee of the Notes (Trustee) all reports, information and other documents required pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934. If holders of at least 25% in aggregate principal amount of the Notes outstanding provide written notice to the Trustee or to Terayon and the Trustee of a default based on Terayon's failure to file its Form 10-Q Report for the quarterly period ended September 30, 2005 and such default is not cured within 60 days of such notice, an event of default will occur and the Trustee or holders of at least 25% in aggregate principal amount of the Notes then outstanding may accelerate the maturity of the Notes and declare the entire principal amount of the Notes, together with all accrued and unpaid interest thereon, to be due and payable immediately. The Notes currently outstanding have an aggregate principal amount of $65 million. The company ended 2005 with $101 million of Cash and cash equivalents plus Short-term investments.
NASDAQ Update
Terayon also announced today that it received a letter from The Nasdaq Stock Market (NASDAQ), dated January 4, 2006, notifying the company that its common stock is subject to delisting based on its failure to satisfy NASDAQ Marketplace Rules 4350(e) and 4350(g), which required the company to solicit proxies and hold an annual meeting of shareholders before December 31, 2005. Terayon held its 2004 annual shareholder meeting in December 2004 and the company's 2005 annual shareholder meeting was originally planned for December 2005. However, Terayon was unable to hold its 2005 annual shareholder meeting due in part to its ongoing accounting review.
As previously disclosed on November 22, 2005, Terayon received a letter from NASDAQ, dated November 17, 2005, stating that as a result of Terayon's failure to timely file its Form 10-Q for the third quarter of 2005 with the SEC, Terayon's common stock is subject to delisting from the NASDAQ National Market. In response to the November 17, 2005 letter, Terayon requested a hearing with a NASDAQ Listing Qualifications Panel which automatically stayed the delisting action pending the issuance of a written decision from the Panel. Terayon presented its plan to evidence compliance with all NASDAQ listing criteria at a hearing before the Panel on December 15, 2005. Terayon has not yet received a determination from the Panel as a result of the hearing.
In NASDAQ's January 4, 2006 letter, Terayon was informed that the Panel will consider the company's failure to comply with NASDAQ's proxy solicitation and annual meeting requirements in rendering its decision regarding the continued listing of Terayon's common stock. Terayon discussed the proxy solicitation and annual meeting deficiencies with the Panel at the hearing on December 15, 2005 and plans to submit additional materials for the Panel's review with respect to those issues by the January 11, 2006 deadline. There can be no assurance that the Panel will grant the company's request for the continued listing of its common stock on the NASDAQ.
About Terayon
Terayon Communication Systems, Inc. provides digital video networking applications and home access solutions that enable the delivery of advanced digital video, voice and data services. Service providers worldwide have deployed more than 6,000 of Terayon's digital video systems to brand their programming, insert millions of digital ads, offer HDTV and other digital video services. More than five million Terayon cable modems and other home access solutions have been deployed by cable operators globally to provide broadband Internet access and VoIP telephony. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained in this press release, the matters discussed in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements relating to the nature of Terayon's accounting review, statements relating to the expected outcome of Terayon's accounting review, and other statement that are not historical facts.
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the timing and success of any hearing before a NASDAQ Listing Qualifications Panel, the results of the completed review into possible accounting errors, the timing of the filing of Terayon's Form 10-Q for the third quarter of fiscal year 2005, the need for any corrective actions in connection with Terayon's accounting practices, the actual timing and extent of any restatement of prior financial results, the reaction to any such restatement by Terayon's stockholders and customers, as well as changes in economic, business, competitive, technological and/or regularly factors and trends. Additional factors that may affect future results are contained in Terayon's SEC reports, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, particularly in the "Risk Factors" and "Management Discussion and Analysis of Financial Condition and Results of Operations" sections. Such filings are available at the SEC's website www.sec.gov. Terayon disclaims any obligation or intent to update and revise the statements contained in this release based on new information or otherwise.
NOTE: Terayon and the Terayon logo are registered trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners.
--------------------------------------------------------------------------------
Source: Terayon Communication Systems, Inc.
Q Huff has said many things which of them none came to be realized. Just check shareholders letters from past. You will find that nothing monetary or asset wise has been realized. Sad and shade in my opinion. http://www.globetel.net/about/letters.html
LOWTRADE DID YOU CHANGE YOUR MIND ?
Lowtrade the issues you are talking about is what I was trying to do with asking on board what has materialized from 2005 plan but your way of confronting the issue is settle where my is abrasive as some would describe it. The main point is still the same in my opinion that from all the press releases and all the business plan, shareholders letters updates nothing has been materialized so far. At least from 2005 business plan. From 2004, 2003 I do not know because I have not followed but seems like you are saying that it has not materialized. Well. Newbies need to believe in something so they can until they will get burned and will only then wake up and smell the coffee. If Huff, GTE or anyone wants to convince me otherwise show me some proof with links not try to justify Co. actions with your opinion. That's the difference. I presented many times facts and backed it with links to GTE data and many have presented their opinion which is skewed in my opinion because the dream of making million is more powerful emotion then reasoning and reality of facts. Sounds to me lowtrade like you change your tone a bit towards pessimistic on GTE. What's your stand on it and why ?
IT JUST MAYBE WORTH IT. Turn me bullish.
Do me a favor and upload it to putafile.com and post the link in the header of this board so i can view and change my mind. O yeah but of course you are just bluffing so i guess i won't see it. But simple link would perhaps make me shut up forever and turn bullish on GTE. It just may be worth it. Try me. At very best i will turn bullish. Wouldn't you love that ? Honestly. And to those of you that say that it shouldn't be available you are full of it because if it was published somewhere the implications of the info being published were thought trought before it was being posted. And what are you communist stating that information should be suppressed from public knowledge. It's author decision not yours. Turn me bullish i say.
Chunghwa Telecom Selects Terayon DM 6400 Network CherryPicker for Expansion of Taiwan Multimedia-On-Demand Deployment
Wednesday January 4, 8:00 am ET
Taiwan's Leading Telecom Provider Delivers Video Services With Terayon
SANTA CLARA, Calif., Jan. 4 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), a leading provider of digital video networking applications and home access solutions, today announced that Chunghwa Telecom (TAIEX: 2412; NYSE: CHT), Taiwan's largest telecommunications provider, has selected the Terayon DM 6400 Network CherryPicker® for its Multimedia on Demand (MOD) architecture.
Chunghwa Telecom, which launched the MOD service in Taipei and North Taiwan in March 2004, is utilizing the DM 6400 in conjunction with an expansion of the service. DM 6400 units in Taipei are aggregating and distributing 18 MPEG-2 video streams via Gigabit Ethernet interfaces to Taichung and Kaohsiung. The MOD service is available to 13 cities and counties throughout Taiwan, and is expected to have reached 200,000 subscribers at the end of 2005.
"The ability to efficiently deliver high-quality video through the GigE IP transport was an important part of our equipment evaluation process," said Yifong Chang, Deputy Managing Director, Multimedia Department for Chunghwa Telecom. "The Terayon DM 6400 Network CherryPicker allows us to rate shape multiple standard programs and video-on-demand feeds with superior video quality and later, to simply and cost effectively insert advertising within the digital domain."
"Chunghwa Telecom's Multimedia on Demand service has emerged as one of the telco industry's more ambitious IPTV projects," said Jerry Chase, CEO of Terayon. "Their selection of the DM 6400 Network CherryPicker recognizes the technical and operational value that our products can deliver to telecom video providers worldwide."
Utilizing Chunghwa Telecom's ADSL network, the MOD service includes a basic television service that delivers more than a dozen channels, and a video-on-demand service that provides educational programs, real-time lifestyle information, stock prices, travel information, shopping and popular movies. The system's multimedia features enable true subscriber control, including the ability to fast forward, rewind and pause during broadcasts.
About Chunghwa Telecom
Chunghwa Telecom is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed line services, mobile services and Internet and data services to residential and business customers in Taiwan.
About Terayon
Terayon Communication Systems, Inc. provides digital video networking applications and home access solutions that enable the delivery of advanced digital video, voice and data services. Service providers worldwide have deployed more than 6,000 of Terayon's digital video systems to brand their programming, insert millions of digital ads, offer HDTV and other digital video services. More than five million Terayon cable modems and other home access solutions have been deployed by cable operators globally to provide broadband Internet access and VoIP telephony. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995:
Except for the historical information contained herein, this news release contains forward-looking statements, estimates and assumptions by Terayon and other parties that involve risks and uncertainties, including the number of subscribers to Chunghwa Telecom's MOD service reaching 200,000 at the end of 2005 and Chunghwa Telecom's ability to use the DM 6400 for advertising insertion, as well as the other risks detailed from time to time in Terayon's filings with the SEC, including Terayon's Form 10-K for the year ended Dec. 31, 2004, Form 10-Q for the quarter ended June 30, 2005 and Form 8-K filed on Dec. 20, 2005.
NOTE: Terayon and the Terayon logo are registered trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners.
--------------------------------------------------------------------------------
Source: Terayon Communication Systems, Inc.
Terayon TJ 955 eMTA Achieves PacketCable(TM) 1.5 Certification in First Test Wave Monday December 19, 8:00 am ET
SANTA CLARA, Calif., Dec. 19 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), a leading provider of digital video networking applications and home access solutions, today announced that its TJ 955 embedded multimedia terminal adapter (eMTA) has achieved CableLabs® certification for the PacketCable(TM) 1.5 cable voice over IP (VoIP) specification in the first test wave for that product at CableLabs.
The TJ 955 is designed for the cost-effective delivery of up to two primary lines of VoIP telephony per household, in addition to supporting high- speed Internet access.
"Receiving PacketCable 1.5 certification for an eMTA in the first test wave for that product is another significant achievement for Terayon, and enables us to provide cable operators worldwide with a compelling voice and data solution for their expanding broadband rollouts," said Jerry Chase, Terayon CEO.
About PacketCable 1.5
PacketCable 1.5 is the latest version of the successful PacketCable specifications for VoIP services delivered over cable networks. It was developed by CableLabs, the cable television industry's research and development consortium, which also runs the testing program that certifies products as meeting the PacketCable specification. When products are tested for PacketCable 1.5 certification they are also tested for compliance with PacketCable 1.0 and the DOCSIS® 1.1 and DOCSIS 2.0 cable data specifications.
About Terayon
Terayon Communication Systems, Inc. provides digital video networking applications and home access solutions that enable the delivery of advanced digital video, voice and data services. Service providers worldwide have deployed more than 6,000 of Terayon's digital video systems to brand their programming, insert millions of digital ads, offer HDTV and other digital video services. More than five million Terayon cable modems and other home access solutions have been deployed by cable operators globally to provide broadband Internet access and VoIP telephony. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995:
Except for the historical information contained herein, this news release contains forward-looking statements, estimates and assumptions by Terayon and other parties that involve risks and uncertainties, including the performance and capabilities of Terayon's TJ 955 embedded multimedia terminal adapter (eMTA), the ability of Terayon's worldwide cable operator customers to expand their broadband VoIP and data services using the TJ 955, the pace of worldwide cable VoIP deployments, as well as the other risks and uncertainties detailed from time to time in Terayon's filings with the SEC, including Terayon's Form 10-K for the year ended Dec. 31, 2004, Form 10-Q for the quarter ended June 30, 2005 and Form 8-K filed on Nov. 22, 2005.
NOTE: Terayon, CherryPicker and the Terayon logo are trademarks of Terayon Communication Systems, Inc. and may be registered in the United States and other countries. All other trademarks are the property of their respective owners. PacketCable, DOCSIS and CableLabs are trademarks of Cable Television Laboratories, Inc.
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Source: Terayon Communication Systems, Inc.
Terayon Adds ADDvantage Technologies Group to Terayon Partner Program Tuesday December 13, 8:00 am ET
SANTA CLARA, Calif., Dec. 13 /PRNewswire-FirstCall/ -- Terayon Communication Systems, Inc. (Nasdaq: TERNE - News), a leading provider of digital video networking applications and home access solutions, today announced that ADDvantage Technologies Group (AMEX: AEY - News), one of the nation's largest distributors of cable television equipment, has joined the Terayon Partner Program.
Through its key subsidiaries -- Tulsat, NCS, ComTech Services and Jones Broadband -- ADDvantage will offer Terayon's complete line of digital video products to its cable operator customers in Canada, the United States and Latin America.
"ADDvantage and its subsidiaries expand our reach throughout North America and particularly into Latin America," said Kanaiya Vasani, Terayon Vice President, Marketing. "During its 20 years in the cable industry, ADDvantage has built a broad customer base spanning large MSOs, independents and everything in between. ADDvantage has built a savvy sales team and well-deserved reputation for exceptional technical and customer support."
"As our cable operator customers continue their migration to all-digital networks, their needs grow for digital video solutions that enable them to deliver new digital video services and generate new advertising revenue," said Ken Chymiak, President, ADDvantage Technologies Group. "By combining our service and support capabilities with proven Terayon solutions like the CP 7600G and DM 6400 Network CherryPicker®, we can help our customers accelerate their all-digital migration and more quickly generate new services and advertising revenues."
Terayon Partner Program Overview
The Terayon Partner Program consists of three categories: Solutions Partners, Authorized Resellers and Technology Partners. Terayon Partner Program members include a broad range of industry leaders, such as ADB, Adtec, Aviva, Capella, C-COR, Chyron, Concurrent, Digital Fountain, EVS, Frontiers, Harmonic, Latens, Miranda Technologies, Modulus Video, NDS, SeaChange International, TANDBERG Television and Triveni Digital. Additional information on the Terayon Partner Program is available at www.terayon.com/partners or by email at partners@terayon.com.
About ADDvantage Technologies Group
ADDvantage Technologies Group, Inc. sells new, surplus and re-manufactured cable television (CATV) equipment throughout North America, in addition to being a repair center for various cable companies and manufacturers. Its products are used to acquire, distribute and protect communications signals carried on fiber-optic, coaxial cable and wireless distribution systems. These products are sold to customers providing an array of communications services, including television, high-speed data (Internet) and telephony, to single-family dwellings, apartments and institutions such as hospitals, prisons, universities, schools, cruise boats and others.
About Terayon
Terayon Communication Systems, Inc. provides digital video networking applications and home access solutions that enable the delivery of advanced digital video, voice and data services. Service providers worldwide have deployed more than 6,000 of Terayon's digital video systems to brand their programming, insert millions of digital ads, offer HDTV and other digital video services. More than five million Terayon cable modems and other home access solutions have been deployed by cable operators globally to provide broadband Internet access and VoIP telephony. Terayon maintains its headquarters in Santa Clara, California; has sales and support offices worldwide and is on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995:
Except for the historical information contained herein, this news release contains forward-looking statements, estimates and assumptions by Terayon and other parties that involve risks and uncertainties, including ADDvantage's offering of Terayon's digital video products to cable operators, the ability of ADDvantage and its subsidiaries to substantially expand Terayon's reach throughout North and Latin America, the migration to all-digital operation by cable operators and the need for digital video solutions in connection therewith, the ability of ADDvantage and its subsidiaries to help its customers accelerate migrations to all-digital networks with Terayon products, the ability of ADDvantage's customers to more quickly generate new service and advertising revenues using Terayon equipment, as well as the other risks and uncertainties detailed from time to time in Terayon's filings with the SEC, including Terayon's Form 10-K for the year ended Dec. 31, 2004, Form 10-Q for the quarter ended June 30, 2005 and Form 8-K filed on Nov. 22, 2005.
NOTE: Terayon and the Terayon logo are registered trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners.
--------------------------------------------------------------------------------
Source: Terayon Communication Systems, Inc.
HAPPY NEW YEAR EVERYONE. LET 2006 BE MOST PROFITABLE OF ALL PREVIOUS YEARS FOR ALL !!!
Dude other Co has been saying this and that for over a year but not a penny of revenue from annouced "contracts". You will never see that $600MM rev. like you have not seen % of $4B or $6B from other fluff PRs. Wake up dude. It's all fluff. Sorry i had to delete your post since you put other company's name.
Let me tell you this.
TERN vs Co. X you mentioned
1. TERN closer to profitability. Q3 will show that where X Co. not profitable and losses are growing not getting smaller.
2. Look at balance sheet of TERN and compare to X Co. TERN has $141,000,000 in assets and cash $38,000,000 and other Co $5,800,000 in assets and $4,500,00 in cash.
3. Market cap of TERN $180MM vs X $300MM. TERN undervalued so much more.
4. Growth of earnings TERN next Q is forcasted at 2100%. X Co. negative.
5. Sector growth for TERN 12,000% vs what in X. No one knows and no one follows.
6. And most important no fluff PRs, no unrealized contracts, managment with integrity and IPTV IS SURE THING NOT SPECULATIVE PLAY.
KNOWING ALL THAT WHICH STOCK IS GOING HIGHER. ANALYST WOULD TELL YOU AND 2006 WILL SHOW YOU TOO. DREAMING IS GOOD BRO BUT NOT IF ALL YOU GET IS FLUFF AND UNREALIZED, UNUPDATED CONTRACTS. I CALL IS AS I SEE IT. ENJOY THIS FOR FEW DAYS SINCE IN FEW WEEKS SITUATION WILL REVERSE ON BOTH SIDES. TAKE THAT WORD AND PUT IT IN YOUR LONG TERM MEMORY. WE WILL REVISIT. HAPPY NEW YEAR.
Can you read ? I asked following !!
"Have you seen a penny in form of investments and/or revs from past announced press releases ? Answer this question truthfully without making excuses and run a rounds. Enough said !!!"
What about this: ?
GTEL Signs Stored Value Card Agreement With Leading Indian Company for $9 Billion Remittance Market
Business Wire, Sept 9, 2004
http://findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_9/ai_n6187074
GTEL Targets $7.6 Billion Filipino Remittance Market; Bankard and GTEL Sign Agreement to Issue Stored Value Cards for Remittances in the Philippines
Business Wire, Sept 7, 2004
http://findarticles.com/p/articles/mi_m0EIN/is_2004_Sept_7/ai_n6183423
Has any of this been acomplished:
Milestone 1: The Expansion of our Stored-Value Program; and
Milestone 2: Sanswire's Launch of the Stratellite.
Expansion of our Stored-Value Program:
We have invested heavily in developing the infrastructure, business and partnering agreements, products, services and support over this past year to effectuate these initiatives. We have described these products and services and their progress in various press releases.
We will expand our Stored Value programs in Mexico, the Philippines and India, the three largest money remittance markets in the world.
We will begin expansion by adding calling card functionality to millions of debit cards in Mexico in the first half of 2005 and will repeat the process in India and the Philippines.
We will also expand our prepaid calling services into new markets in the second half of 2005.
A full telephony product line will be introduced in the first quarter of 2005 and launched in key markets by June 2005.
Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006.
We project that these products and services will provide such revenues and margins that the Company will show profitability by the end of the second quarter of 2005.
No bro I don't short I just believe that this Co. is nothing but fluff with crooked CEO. Nothing has materialized out of past press releases and nothing materialized of business plan. How is that good for shareholder is beyond my understanding but I would like to understand someone that is rationally unemotionally thinking about the whole year to please explain this to me.
That's why i said SEC should look into it. Also that is my opinion and belief on situtation. I don't like and care for Huff as CEO. If it was up to me i would vote and have the guy removed and sent to jail like others from Enron and Taser.
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Also what Huff allowed to happen yesterday should be investigated by SEC. He knew about the news yet he sat on it watching your money go down the toilet and for what so GTE specialist can allow Huff’s hedges to load up on cheap shares at your cost ?!!! Cheap shares for cash is the name of the game he played all at your cost. If he would have released this 2 days ago you all know what would have happened. That shows real character and integrity of your CEO and how much he really cares about individual shareholders. He cares about getting cash money for shares and the way to do that is sell cheap shares for loans. Perfectly legal however the way it has been done it is not.