To thyself be true
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Pasted-Verizon Patent Shows Sirius Intentions (VZ, SIRI)
02/11/2011 By Brandon Matthews
Grab a pen and a piece of paper, and be prepared to say wow! Just days ago, I had speculated that Sirius XM Radio (NASDAQ: SIRI) would be shifting towards an Internet based service, but delivered through its own satellites as part of what will be, SATRAD 2.0. You may also want to note, that it had been reported previously that the next generation iPhone will include Satellite Radio chip-sets. The picture is getting much clearer now.
Yesterday, it was reported that AT&T (NYSE:T) may be interested in acquiring Dish Network (NASDAQ: DISH), with a specific interest in acquiring the bandwidth Dish recently acquired through its purchase of DBSD.I had reasoned that Charles Ergen had made the purchase with the intent of offering a satellite radio type of service, given his previously reported interest in owning Sirius XM.
I just received a patent from our top technology researcher, Rod Gunsauley, for a Verizon patent issued approximately thirty days ago. This patent, I believe, clarifies the blurry picture that has been developing for some time. Cell carriers are faced with a crisis of sorts, which stems from bandwidth hogging applications such as Internet Radio.
Auto manufacturers are now including these types of offerings in their vehicles.
The strain on bandwidth can only increase.
If a satellite service however could deliver audio entertainment options to a cell phone through the use of its own satellites however, the cell carriers could free up more of their existing bandwidth. The iPhone patent gave us a first glimpse of this idea. This new Verizon (NYSE: VZ) patent conversely, proves that the speculation of what Sirius XM™s SATRAD 2.0 offers is worthy of excitement. Imagine a scenario if you will, in which every new Verizon phone is preloaded with a Sirius XM application that delivers satellite radio in an easy to use internet based application, as this patent suggests. ...
Hearing is at 4 PM.
WorldSpace Satellite Company Ltd. hearing on the 15th.
Call this number: 1-866-582-6878
by 12 P.M. 1 business day before 15 Feb. you will be able to listen to it.
----------------------------------
Domain Name: 1WORLDSPACE.COM
Registered through: GoDaddy.com, Inc.
Domain Name: 1WORLDSPACE.COM
Created on: 06-Feb-07
Expires on: 06-Feb-12
Last Updated on: 23-Dec-10
Administrative Contact:
Pouliot, Dan webmaster@omansion.com
The Mansion on O Street
6 Homestead Drive
Raymond, New Hampshire 03077-2438
United States
+1.2024962020
Technical Contact:
Pouliot, Dan webmaster@omansion.com
The Mansion on O Street
6 Homestead Drive
Raymond, New Hampshire 03077-2438
United States
+1.2024962020
Domain servers in listed order:
NS51.DOMAINCONTROL.COM
NS52.DOMAINCONTROL.COM
Updated Date: 23-dec-2010
Creation Date: 06-feb-2007
Expiration Date: 06-feb-2012
>>> Last update of whois database: Sun, 13 Feb 2011 19:16:53 UTC <<<
Registry Status: clientDeleteProhibited
Registry Status: clientRenewProhibited
Registry Status: clientTransferProhibited
Registry Status: clientUpdateProhibited
New Sirius XM Radio (NASDAQ:SIRI) Products to be Android Based
Posted 10 Feb 2011
Category Sirius XM (SIRI) News
Sirius XM products will be based on AndroidBy Amy Gilroy
The next generation of Sirius XM Radio (NASDAQ:SIRI) products will be based on Google’s (NASDAQ:GOOG) Android platform and will be shown in concept form next week at Mobile World Congress in Barcelona, Spain.
The devices have the capability to permit apps from 3rd parties, but we don’t have a confirmation from Sirius XM that they will allow this.
Software company Teleca, announced it developed the Android OS for Sirius XM which integrates with Sirius XM IP addresses.
Sean Gibbons of Sirius XM said in the announcement that “Teleca is working with us to develop a complete platform strategy for delivering our unique and compelling programming to consumers.”
Andrew Till, Teleca’s CTO confirmed, “The Android platform will be utilized in Sirius XM’s next generation of offerings.”
That’s about all we know for now.
Source: Teleca
.....this is starting to rumble.......telling you it is going to be a big deal one day.
Cell carriers are faced with a crisis of sorts, which stems from bandwidth hogging applications such as Internet Radio. Auto manufacturers are now including these types of offerings in their vehicles. The strain on bandwidth can only increase. If a satellite service however could deliver audio entertainment options to a cell phone through the use of its own satellites however, the cell carriers could free up more of their existing bandwidth.
Some patents of SIRI
Sirius Satellite Radio, Inc.
NEW YORK, NY US
1. 20090097592 Hierarchical offset compensation to improve synchronization and performance 04-16-2009
2. 20080311845 Methods and apparatus for interoperable satellite radio receivers 12-18-2008
3. 20080307294 Efficient implementation to perform iterative decoding with large iteration counts 12-11-2008
1. 20100106514 Travel related services via SDARS - Systems and methods of for providing various services such as parking services flight services 04-29-2010
2. 20100064199 Efficient, programmable and scalable low density parity check decoder 03-11-2010
3. 20100008289 Method to Minimize Interference into Legacy SDARS Reception by Varying Overlay Modulation as a Function of Satellite Position 01-14-2010
4. 20090323872 Interface between a switched diversity antenna system and digital radio receiver 12-31-2009
5. 20090285155 SYSTEMS AND METHODS FOR TRANSMITTING AND RECEIVING ADDITIONAL DATA OVER LEGACY SATELLITE DIGITAL AUDIO RADIO SIGNALS 11-19-2009
6. 20090279418 OVERLAY MODULATION OF COFDM USING PHASE AND AMPLITUDE OFFSET CARRIERS 11-12-2009
7. 20090245087 Slow Speed Mute Resistance Via Selective COFDM Bin Loading 10-01-2009
8. 20090172492 Method and apparatus for interleaving low density parity check (LDPC) codes over mobile satellite channels 07-02-2009
9. 20090168809 METHOD AND APPARATUS TO JOINTLY SYNCHRONIZE A LEGACY SDARS SIGNAL WITH OVERLAY MODULATION 07-02-2009
10. 20090161777 Overlay Modulation Technique for COFDM Signals Based on Amplitude Offsets 06-25-2009
11. 20090161025 METHODS AND SYSTEMS FOR FAST CHANNEL CHANGE BETWEEN LOGICAL CHANNELS WITHIN A TRANSPORT MULTIPLEX 06-25-2009
http://www.faqs.org/patents/asnl/sj
It really fits to be held in Vegas, big gamble after all.....;o} Rock and Disco for mua, the faster the better!
jel2maine..LOL...You are funny! eom
Sirius XM Radio’s (NASDAQ:SIRI) fourth quarter conference call is set for February 15th, 2011. The company has issued no advanced press release on any numbers so far and none would now be expected. We don’t even know yet what they added in the way of subscribers either. This is an unusual step for Sirius XM, as for the last year or so they usually give some advanced information. We can speculate on why this is, but in the end, all that really matters is the numbers. Let us take a look at them now.
Q4 is usually Sirius XM’s best revenue quarter and I don’t see this time being any different. Having set revenue records already, this quarter will see yet another one.
The effect of royalty rates will be slowed now and the rising promotional subscribers versus actual self pay subscribers is growing, further stressing ARPU. I see a small drop this Q in ARPU because of this, but counteracted by even more full royalty paying subscribers and Best of Packages and internet pricing.
Costs will be controlled yet again as subscriber acquisition costs from Q3 to Q4 will drop slightly. Total OEM additions will come under what Q3 offered, hence the drop in overall costs associated with this line item. Marketing costs should also be lower than in Q4 of 2010, when Sirius XM was in the middle of a massive TV campaign to promote their brand. I see costs as flat from Q3 and down substantially from YTY comparisons.
Churn I see holding steady, and SAC should be as well. Capital expenditures for Q4 came in around only $30 million. This was due to mostly being spent in Q3 for the satellite launch done in 2010.
Earnings will be flat or down due to charges from refinancing 525 million of the 2013 XM bonds, done in November of 2010. They also over paid for these notes, causing more charges. Without charges however, a one time non cash drain, Sirius XM has record earnings in Q4 of 2010. It would have been .03 cents basic. Here are my numbers with comments.
Total Revenue: $753 Million (Record for the company)
Average Weighted Subs: 20 Million (Record for the company)
ARPU: $11.78 (small drop from Q3)
Churn: 2.0%
Total Operating Costs: $569 Million
SAC: $57
Net Operating Income: $184 Million
Adjusted EBTIDA: $164 Million (Beats guidance for the year by about 20 million if this is accurate).
Free Cash Flow: $154 Million (Record for the company. This beats yearly guidance by Sirius XM if accurate.)
Earnings: $22 Million
Per share Basic: .01 cent
Per Share Diluted: .00 cents
Overall, this should be another excellent quarter from the company. I'm also expecting full year 2011 guidance during this conference call. That will set the tone for 2011 and will show records for total revenue, EBITDA, free cash flow, and earnings. 2011 will have higher numbers than 2010 in all the mentioned metrics. Guidance should be interesting.
Disclosure: Long SIRI
About the author: King of All Trades
By Relmor Demitrius
LOL...You'll need an ambulance if that happens on WRSPQ.
kat...did you see on SIRI board the 280k shares, if WRSPQ goes like that, we can all retire. Just daydreaming....lalalala....:o}
Thanks for the link eastunder, I'll be using it from now on!!!
According to the calculator I have 900.0000000000002% (0.18 to $1.80)
profit.
Eastunder did I do it right? Not sure.
In case you need these terms someday
MM signals:
300 > bring the price down at least 30%
600 > provide resistance
900 > let the stock float.
MM SIGNALS
100 > I need shares
200 > I need shares badly but dont take it down to get em
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
-----------------------------
and some more terms for ya.....
24/7 = Availible or Open 24 hours a day and 7 days a week.
8) or :) or ;) or <{:^) = Smile Face = Happy
8))))))) = Very happy
8( = Sad Face = Sad
AFACT= As far as I can tell.
AFAIK= As far as I know.
AFK ( afk ) = Away From Keyboard
ASCII = An acronym for "American Standard Code for Information Interchange", used to assign English characters into numbers.
ASK ( ask ) = Current Price A Stock May Be Readily Bought For.
Bagger, (one, double, triple, quad or more ) = how many times the price of a stock has multiplied since the purchase.
BB = Bulletin Board:
BBIAB = Be Back In A Bit.
BBIAM = Be Back In A Minute.
BBL ( bbl ) = Be Back Later
Bear = A person who thinks a stock or markets will go lower.
Bearish = Looking for a stock or market to go lower.
BID ( bid ) = Price posted that a Market Maker will pay for stock.
BOX ( box ) = Computer
BRB ( brb ) = Be Right Back
BTW = By the way
Bull = A person who thinks a stock or markets are going higher.
Bullish = Looking for a stock or the markets to go Higher.
BW = Business Wire ( News Service )
CEO = Chief Executive Officer
CFO = Chief Financial Officer
CIO = Chief Information Officer
COO = Chief Operating Officer
CYA ( cya ) = See Ya
CUL8R = See you later.
DCC = Start a chat or send a file.
DD ( dd ) = Due Diligence
Double(r) = Stock that's price has doubled since a given time.
DT ( dt ) = Down Tick in the price of a stock, Price is falling. Our DayTrading.
Due Diligence = Research the fundamentals of a stock.
DH = Day High
DL = Day Low
DYODD = Do your own due diligence.
E2EG = Ear-to-ear grin.
EG = Evil Grin.
EOD ( eod ) = End Of Day
EOM ( eom ) = End Of Month or End of Message
ERR ( err ) = Growl or getting mad.
FAQ = Frequently asked questions.
Fire = Stock that is hot, rising fast.
Front Running = People own the stock then promote it while selling.
FS = Forward Split
FWIW = For what it's worth.
FYI = For your information.
G = Grin
GAL = Get a life.
Gapper, Gapping, Gapolla, GAPPA = Stock that moves from its previous closing price before the market opens.
GMTA = Great minds think alike.
GTG = Got To Go.
GUI = Graphical User Interface ( What you see when using software )
Head Fake = Stock Price heading up or down contrary to ones opinion.
HOD = High Of Day
HTH = Hope this helps. or Hope that helps.
IMHO ( imho ) = In My Honest Opinion, In My Humble Opinion
IMO ( imo ) = In My Opinion
IOW = In other words.
IPO = Initial Public Offering.
IRC = Internet Relay Chat ( Network for live chat )
IRL = In real life.
IT = Information Technology.
KISS = Lip Smaking, Keep It Simple Stupid.
L8TR ( l8tr ) = Later ( Like see ya later )
LAGGED, LAGG ( lagged ) = Long delay between sending and recieving data over the Internet.
LMAO = Laughing My A$$ Off
LOL ( lol ) = Laugh Out Loud
MB = Message Board.
MIRC = Internet Chat Program.
MM ( mm ) = Market Maker ( the folks who handle the trades of stocks )
MOMO = Momentum stock, lots of interest and buyers for hours days or weeks.
NASDAQ = National Association of Securities Dealers.
NEWBEE ( newbee, newbe ) = New user of Internet and or computer.
NICK ( nick ) = Name used by people ( Individual ) on the Internet.
NQB = National Quotations Bureau.
NUKE ( nuke ) = "Denial of Service Attack" that will crash your computer forcing you to reboot.
NYSE = New York Stock Exchange
OEM ( oem ) = Original Equipment Manufacturer
OFFER ( offer ) = Current Price A Stock May Be Readily Bought For. What a Market Maker is willing to pay for a stock or other issue.
OMG = Oh My God
OT = Off Topic, used on message boards when the post is not on the threads subject..
OTCBB = Over The Counter Bulletin Board.
PD (pd and p&d ) = Pump and Dump
PIC ( pic ) = Picture
Pink Sheet = Stocks quoted by the NQB.
PM = Private Message
POINT ( point ) = Dollar or Stick
PPL ( ppl ) = People
PRN = PRNewswire ( News Service )
Pump and Dump = Front running, people own the stock then promote it while selling.
Reloading = To Buy Again or to enter in the order for a buy or sell in the browser window but not yet hitting the send button so as to be prepared for news or movement.
ROFL ( rofl ) = Rolling On Floor Laughing
ROFLMAO = Rolling on floor laughing my a** off
RS = Reverse Split
SAD = Short Against Delivery
SBPO = Small Business Public Offering
SCALP (S) ( scalp ) = A quick trade for an 1/16 or more.
SI ( si ) = Silicon Investor
SNRK = Under breath Laugh
SOES = Small order execution system.
Spread = The difference between the offer and the bid. The difference between the price a Market Maker is willing to buy a security and the price at which a Market Maker is willing to sell it.
STICK ( stick ) = One point or dollar.
Tank, Tanking = Stock thats price is falling.
Teenie = 1/16th
Thread = A series of messages on a message board or other means that generaly have the same topic.
TICK ( tick ) = Can mean the last movement in a issues price ( up tick or down tick ) Also a market indicator. As a market indicator quote systems keep track of the up ticks and down ticks of stocks through out the day. The tick shown will be the difference between the up ticks and down ticks for that day so far. A positive number means there have been that many more up ticks than down and a negative number means the opposite.
TRIN ( trin ) = A market indicator used in technical analysis, calculated as follows: TRIN = ((number of advancing issues divided by number of declining issues) divided by (Total up volume divided by Total down volume)). A value of less than 1 is bullish, greater than 1 bearish. also called Arms Index.
TTFN = Ta Ta For Now ( UK Folks ? )
TTYL = Talk to you later.
TTYS = Talk to you soon.
UT ( ut ) = Up tick in the price of a stock, Price moved up.
URL ( url ) = Uniform Resource Locater, Internet address of a web page ( http://sitename )
There are only 42 Mil. in float, which can make the stock hard to trade. It might actually be good if they publish more shares and have funds to function. Businesses fail more often because they don't have enough money to grow and operate their business.
Interesting article now, because we know more than Jan 2010.
Liberty to liquidate WorldSpace's India biz
Jan 7, 2010, 2:01 IST
By Praveena Sharma | Place: Bangalore | Agency: DNA
There seems to be more to the sudden closure of US-based satellite radio service provider WorldSpace Inc’s operations in India than meets the eye.
Employees of the satellite radio service company have learnt that American media conglomerate Liberty Media, which has acquired WorldSpace’s worldwide liabilities and is in the process of taking over its assets, is planning to liquidate operations in India “to wipe off the current liabilities with subsidiary, subscribers, employees, vendors and business associates.”
After that, the potential new owner will provide services in India through the WorldSpace satellite “at a later date.”
In a note addressed to Prime Minister Manmohan Singh, the employees of WorldSpace India have written that the whole process was being carried out in a hushed manner to avoid participation of Indian investors in the deal.
“Despite India being a primary market, the sale of the asset is being concluded without publicising the same in India and ruling out any possibility of a domestic investor in India participating in the sale,” states the letter to the PM and ministries concerned.
Apparently, domestic direct-to-home (DTH) service vendors Reliance Big TV and TataSky had evinced interest in acquiring the operation of the satellite radio service provider.
“The discussion, however, with both of them never moved to the second stage,” said a WorldSpace official who did not want to be named.
The satellite radio uplink facility provided by the WorldSpace Inc to its Indian subsidiary from Singapore was switched off on December 31, leaving over 1.5 lakh of its exclusive subscribers in a lurch, not to mention hundreds of employees and business partners.
The company announced its decision to shut down its India business on December 25.
The letter by WorldSpace India employees to the PM accuses the previous and the current owners of the company of deviously trying to shirk their liabilities in India. The company’s current liabilities in the country are estimated to be close to Rs 45 crore.
“In summary, Liberty Media and Mr Robert Schmitz, the current chief restructuring officer of WorldSpace Inc, want to escape from liabilities in India while retaining the assets for encashing the India business opportunity in India at a later date.”
The note says Liberty Media and WorldSpace have cleared their liabilities in all other countries of operation. “Certain loopholes in our system are being misused to escape from responsibilities of orderly closure of the business,” state the employees in their representation to the government.
The employees request the government to intervene in the matter to ensure that radio service provider exits only after following the due process applicable to any other media or telecom services in India.
They have also asked for sale of satellite assets to be publicised and restriction of re-entry of WorldSpace/Liberty in India in a new guise until all issues relating to its liabilities and protection of stakeholders are resolved.
Published: January 30 2011-Malone’s Liberty Global in race for KBW
By Martin Arnold and Salamander Davoudi in London
Last updated: January 31 2011 16:21
John Malone’s Liberty Global, rival cable group Kabel Deutschland and a number of private equity groups have emerged as bidders in the €2.5bn-€3bn ($3.4bn-$4.1bn) auction of Kabel Baden-Württemberg, Germany’s third-largest cable operator.
KBW’s managers are due to give presentations about the business to suitors this week.
Initial bids for the company, which provides television, telephone and internet services to 2.3m customers in the southwestern German region, are due on February 16.
The sale of KBW by EQT, the private equity arm of Sweden’s Wallenberg family, could trigger consolidation of Germany’s cable industry. But the Swedish buy-out group is also considering an initial public offering of KBW if offers fall below its asking price.
Both Liberty Global and Kabel Deutschland could face difficulties with competition authorities, which may oppose any reduction in German cable operators from three to two, even though they operate in separate regions.
In addition, the sector has been a fertile hunting ground for private equity in recent years. Several big UK and US buy-out groups, including Apax Partners, CVC Capital Partners and Hellman & Friedman are weighing bids for KBW.
Liberty Global bought Germany’s Unitymedia for €3.5bn in 2009 and Mr Malone’s Nasdaq-listed group is now seeking to bulk up by buying KBW.
All parties declined to comment.
Mr Malone has built up a broad range of media assets, including DirecTV and the Discovery Channel.
He was frustrated in an earlier attempt to enter the German cable market, after Liberty Global’s €5.5bn offer to purchase the entire cable operations of Deutsche Telekom was vetoed in 2002 by the federal cartel authorities.
JPMorgan and Deutsche Bank are advising EQT on a sale or IPO of KBW.
http://www.ft.com/cms/s/0/e030acb4-2ca2-11e0-83bd-00144feab49a.html#axzz1CsJAfnHw
Nobody has taken this into the figuring.
If WorldSpace has some blowout fantastic news and the stock skyrockets, they will have funds to keep going. I feel that would save out hinies and theirs.
If all 3 Liberty, SIRI and WRSPQ are in bed together, it definitely will be a win-win-win situation.
CNBC-Bob Pasani mentioned today that the BROADBAND area is exploding. I'll stick to my story from last year, broadband will be what media companies are going to need and want. Anybody who can offer it is sitting pretty.....JMHO
Thanks MGTY!
Old aricle but interesting........
Why Liberty Media’s recent interest in the Worldspace assets? Little did many people realize at the time, but XM Radio’s infrastructure – now part of Sirius XM Radio – is compatible with the Worldspace Inc technology. It took a while for our readers to pick up on the significance of that (but they rapidly learned from our own Steve Garcia, who has pretty much nailed this situation down from the beginning.)
Now bounce to another part of the drama. John Malone stepping down from the DirecTV Board of Directors. Could John Malone be ready to turn the reigns over to widely recognized successor Greg Maffei? Think about this: if this occurs, would it not make perfect sense for Mel Karmazin, who steered Sirius XM through the 2009 minefield, to lead a combined global strategy headed by Liberty Media to push satellite radio content overseas?
There are more sides to the story than facets on a 100-carat diamond. Any investor covering the satellite media companies will quickly declare something is going on. As the plot thickens, readers continue to look for answers as it unfolds.
Who can blame them. Many retail SIRI investors have already experienced gains other investors dreamed of during their entire investment experience.
Factor in more problems with terrestrial broadcasting companies keeping the lights on.
Read more: http://www.benzinga.com/213260/the-dawn-of-a-new-media-era-as-defined-by-liberty%E2%80%99s-john-malone-and-sirius-xm%E2%80%99s-mel-karmazin#ixzz1CmhH4VnJ
This is why a clean shell is important..........Example:
Going public through a reverse merger (shell), this is an example.
Who needs an IPO when you can buy a corporate shell and take your company public -- instantly?
Imagine how easy your life would be if you could simply flick a switch and raise all the money you needed to create the kind of high-growth business that would leave your competitors in the dust.
That's pretty much What Stephen Dresnick, M.D., did back in 1994. At the time, the Miami physician was running Sterling Healthcare, which staffed 44 hospital emergency rooms. Only seven years old, the company he'd founded was churning out $60 million a year in revenue. It was the perfect moment for him to branch out to more hospitals and begin purchasing some private medical practices. There was one catch: three rivals-had the same basic idea.
Dresnick knew that if he didn't raise big bucks quickly, they'd secure the best doctor's offices and emergency-room contracts before he had a chance. But he'd already exhausted his credit by borrowing to finance the company's growth. Looking for alternatives, he joined Young Presidents' Organization, a networking group for entrepreneurs. He began asking CEOs who'd gone public what advice they'd give someone who was thinking of doing the same.
One of them referred him to a lawyer who suggested a rapid-fire way to go public, called the reverse merger. It is a sort of friendly body-snatching operation wherein you buy the legal framework (known as a shell corporation, or shell) of a publicly traded corporation and have your attorney do all the paperwork necessary to merge your company into it, a process that takes you public. (It's called a reverse merger because you're backing your company into the other firm.)
Where do these shell companies come from? Sometimes people in the securities industry create them to sell to entrepreneurs for exactly this purpose. At other times an entrepreneur takes his company public, but the offering fails and he goes out of business; to recoup some of the money it cost him to go public, he'll sell the shell that remains.
Dresnick found that a reverse merger would have two major advantages for a company like his. To begin with, it was usually faster than the two more traditional ways in which entrepreneurial companies go public: the initial public offering (wherein a broker sells your stock to investors) and the direct public offering (wherein you sell shares directly to your customers). The second benefit was that because the shell corporation was already registered with the Securities and Exchange Commission, he could leapfrog most of the application process that slows down IPOs and DPOs. The beauty part was that when it was all done he'd gain the same advantages any other public corporation had, namely, the ability to use shares of his company as currency to buy other businesses.
On his lawyer's advice, Dresnick began shopping for a "clean shell" -- one that didn't come with baggage like lawsuits left over from the previous owner or shares that were sold to people who couldn't be accounted for and who could, conceivably, sell their stock without warning and drive down the price. Asking around in the business community, he found a shell corporation where someone he knew sat on the board of directors.
After his lawyer checked out all the paperwork on the shell, Dresnick took Sterling Healthcare public on the OTC bulletin board in a reverse merger in 1994, later moving up to the more stringent and prestigious American Stock Exchange. Over the next two years, the company signed contracts with 160 other emergency rooms and bought up 10 medical practices. By 1996 it had $136 million in revenue. Ultimately Dresnick's company was itself gobbled up by another competitor, FPA Medical Management in San Diego. Sterling received $220 million for its share. "I never thought it would be quite as big as it became," Dresnick says today
Doing a reverse merger can be the perfect strategy for a company, like Dresnick's, that needs to go public rapidly and is looking for some currency other than cash, usually to enable it to buy up other businesses, says Nancy Cass, an attorney specializing in securities law and a partner in Cass & Graham in Tampa, Fla. But -- and it's a big but -- they're not for everyone.
Although they're less costly than an IPO, which can run you $1 million, they're still costly. You'll need to allot between $75,000 and $250,000 in fees to the person who sells you a shell and puts your deal together, plus 5 to 30 percent of the value of the public company that the shell corporation holds, say securities-industry sources. And the price may go even higher if the shell comes with money in it, has kept its SEC paperwork up to date, or has a large percentage of shares available for you to control (ones not already owned by existing stockholders). That's not even counting what you'll pay your lawyer, accountant, and printer. According to Cass, the total tab puts the reverse merger outside the scope of companies with profits of less than $250 million, since such businesses usually can't cover the costs of being a public company
But there's another, more serious consideration -- a dark side to the shell game. If you should be so unfortunate as to buy your shell from the wrong people or simply buy the wrong kind of shell, the results could be disastrous -- to wit, your formerly prosperous company could be reduced to a pile of smoking rubble. And there's no end to unscrupulous characters, ranging from investment bankers to consultants, business brokers, and lawyers, who would like nothing better than to help you destroy yourself.
They are live in someway
http://www.uplinkstation.com/sat-operator/index_0.html
If Egypt had {WorldSpace) satellite connection, they would be able to access the internet.
LOL....Had to take the chance, with companies (have had a few and been involved with stocks awhile), you never know. It has a little dejavu feeling connected to the dark days of SIRI.
Depending on what is important to someone. I also have decided this is a gamble, hoping a good one. At least this one I know it is a gamble, have been in stocks where they paint a rosy picture and then stick it to you......;o]
Being that John Malone is in the picture, new website, coming out of Chapter 11 restructure, licenses, NOL's he Mr. Schmitz might just be
earning his keep. We really won't know until the unveiling of the new website.
All kind of other services Sats can be used for........I am not sure if these Sats have to be of a different kind, could be.
Mobile satellite systems
Mobile satellite systems help connect remote regions, vehicles, ships, people and aircraft to other parts of the world and/or other mobile or stationary communications units, in addition to serving as navigation systems.
Scientific research satellites (commercial and noncommercial)
Scientific research satellites provide us with meteorological information, land survey data (e.g., remote sensing), Amateur (HAM) Radio, and other different scientific research applications such as earth science, marine science, and atmospheric research.
PLUS
These may be Distance Learning, Emergency Response/Continuity of Operations Planning, Telemedicine, Streaming Video, and Broadcast Satellite Service (BSS).
turbodog-very interesting article. eom
I am going to investigate some more extensions. will let you know.
I don't have to say for you to have fun in Vegas, we here always have fun...lol
The 24th should be interesting, maybe we find out something. Could be their website will open.
Do you know who owns the Worldspace name?
Worlds richest man Carlos Slim from Mexico, just mentioned what will be the most important thing in the future. I have been saying this all along. That is what Malone is interested in (another billionaire).
Broadband
From Wikipedia
The term broadband refers to a telecommunications signal of greater bandwidth, in some sense, than another standard or usual signal (and the broader the band, the greater the capacity for traffic). Different criteria for "broad" have been applied in different contexts and at different times. Its origin is in radio systems engineering, but became popularized after MediaOne adopted it as part of a marketing campaign in 1996 to sell their high speed data access. The slogan was "This is Broadband. This is the Way". The term has never been formally defined, even though it is used widely and has been the subject of many policy debates, and the FCC "National Broadband Plan".
Is there a way to figure out how many more shares are in the float, by the relationship of the 200K bumping up the shares 2 points?
I call them anal-lost......lol
Welcome back, wondered were you been.....;o} This is better bet than here in Vegas, at least I have gotten 1 year of hoping. In Vegas your money goes instantly......lol
I am going to say again bandwidth is going to be very important Globally even if not one song is beamed down to earth....lol. Wordspace got the license that can be leased and make money under their name (I think anyway).
Research on SIRIUS XM Radio Inc. and CBS Corporation -- The Future
of Radio Brighter After FCC Ruling.
JOHANNESBURG, SOUTH AFRICA, Jan 10, 2011 (MARKETWIRE via COMTEX) --
www.stockcall.com/ offers investors comprehensive research on the broadcasting -
radio industry and has completed analytical research on SIRIUS XM Radio Inc.
(NASDAQ: SIRI) and CBS Corporation (NYSE: CBS). Register with us today at
www.stockcall.com/ to have free access to these researches.
The future of radio such as SIRIUS XM Radio Inc. and CBS Corporation looks much
brighter now that the FCC's latest net neutrality ruling has limited the
viability of unlimited free radio over wireless internet, helping out
pre-existing broadcast radio companies by eliminating the potentially harmful
competition. The FCC has allowed companies to charge fees for services that
consume large amounts of bandwidth, like radio over the internet would.[color=red][/color] This is
a big victory for subscription radio companies because it will ensure they do
not cede a large portion of their market share. SIRIUS XM Radio Inc. and CBS
Corporation research reports are accessible for free by registering today at
www.stockcall.com/SIRI100111.pdf or www.stockcall.com/CBS100111.pdf.
SIRI Apple connection..........??The link below has the whole article.
Next on the list is Sirius (SIRI). Our SIRI options are up 37% since purchasing them on December 9th and we still feel that investors haven’t caught the magnitude of this opportunity. Everything that Netflix has going against it, Sirius has going for it. Sirius has always had exclusive content and as of January 1, 2011 it now has exclusive mobile streaming rights to Howard Stern. The first thing you see when you click on Stern’s website is an offer for the premium online package that enables streaming to your Apple iPhone, Google Android, or RIMM (RIM) smartphone. In 2011, mobile users are showing an obsession for such content.
The details of Stern’s new contract have yet to be released but we expect that Sirius is planning a video iPad app as part of its Sirius 2.0 initiative. We’re not sure if it will include Stern because he already offers Howard TV but it should include multiple other video feeds that people want on their iPads. If Sirius can enhance its service by providing an iPad video app, this stock will double and triple over the next two years. This should be a no brainer for the company, it's like somebody telling a tire manufacturer to add air to the tire in order to enhance the ride. If Sirius doesn't come out with a video iPad app as part of Sirius 2.0 than CEO Mel Karmazin deserves a depressed stock price.?The iPad wave is sweeping the world, all analysts are raising targets, NY public schools are joining others across the USA ordering iPads, and the tablets being shown at CES are a comparable joke. Apple’s decision to move its event to the end of January has turned CES into a non event. Remember last year when Steve Ballmer tried to show the world what a tablet looked like? Ouch.??http://seekingalpha.com/article/245155-5-investment-ideas-for-2011
In Vegas it is even riskier in the Casinoes and the chance of a payoff is miniscule compared to WRSPQ.
It closed at 1.61 you were right on the money. Tell us more, our inquiring minds want to know.You have an appropriate name "eagleye"...lol
Turbodog-Great article. You would think any business person would know that. It does belong to business #101 area. There are still a lot of people who don't want SIRI to be successful, I am sure they are short on the stock.