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.
How would a successful launch affect AMT or CCI? Even if it launches next week, testing won't be done until probably close to the end of the year. After that it will take them about another year to build and test another one. Not to mention all of the carriers on towers are locked into 10 year contracts.
I agree, I don't see what the big deal is?
Is Abu Karim still with with company?
Most people just call it cable, internet and telephone.
Triple play is cable, internet and landline phone service. I had the triple play five years ago when AT&T did all three. It's only catching on now because they lowered the price to $99/month. I think Comcast and Time Warner are both bidding on wireless spectrum as we speak. Echostar/DirectTV dropped out of the bidding. I think the only spectrum they got was in Alaska, I hope the Alaskans enjoy the service. They are supposedly trying to work out a deal with a wireless company.
Probably not. The cable companies have been offering "triple play" for years. Only recently has it really caught on.
A history major seemed to work out for Michael Eisner and Martha Stewart.
I don't get why you are all obsessed with the fact he's an Art History major. Do you really think every person in the financial press is has business degree? There are CEO's that don't have business degrees.
No, the suppliers can't pay their employees in GTE stock. So they sell stock about five minutes after GTE gives it to them. The only reason GTE pays them in stock is because they can't afford to pay them in cash.
I thought one positive in that 10Q was Centerline's increasing margins. Another could potentially be the Lexington deal, it gives them a presence in Columbia, and a billing system that will hopefully not max out. And the VPN deal has potential. The problem with GTE is their main revenue generator is a commodity business whose margins will never be high enough to keep the rest of the company afloat. Until Hotzone and the Strat start bringing in revenue, GTE is going to continue to have cash problems.
Why don't you tell us what negatives were in the 10Q? The negatives are what is going to bring this company down, not the positives.
I think it's funny you label me a basher because I bring up things you don't want to talk or think about.
I've read about the pilot programs, to date they have brought in $0 revenue. Not to mention that the VPN project if it goes through will be a JV so GTE is going to have to split whatever revenue and profits (or losses) that will come of it.
The bottom line is GTE has a lot positives, but most of them are outweighed by the fact they have a huge cash problem.
Do you really think suppliers are holding the stock?
If GTE hadn't diluted shares to raise capital - earnings per share would be positive!
If GTE hadn't diluted shares to raise capital - it would have gone out of business. The scariest thing about this company is they have to do a funding deal almost every quarter to survive. Sooner or later this funding is going to dry up.
It's because Huff refused to talk to him and then sent him a cease and desist letter. To be honest, I'd probably do the same thing Seth is doing just to break Huff's balls, if the same thing happened to me. It's more of a personal thing between Seth and Huff than it is Seth and GTE. If Huff left, other than an article to gloat right after it happened, Seth would probably never write another article about GTE. It's pretty petty on Seth's part, but whatever.
Could Lexington be the "third party billing service" they were using? The line in the PR about the new system being integrated with GTE's accounting system would make sense because Lexington would now be a sub of GTE and be in their system.
It depends if the contracts are profitable. If the VPN contract goes through, I'm not expecting it to be very profitable, if at all. The first network build out will probably have problems, which will probably result in overruns. Every network build out afterwords will be more profitable because they will become more efficient. At their current expense run rate, Centerline would have to increase their gross margin by about 20% for GTE to break even. I think that is impossible, I don't ever see Centerline's margin being any higher than 10%.
That exact statement was not made in Q1. In Q1 the date was March 31, 2007, they have now determined it is December 31, 2006. If these were audited financials, they would probably have a "going concern" in the auditors opinion.
He hasn't lost any thing because most of the shares he got for free. How many of those shares did he actually purchase? 20,000?
So what time do you all think we'll see a Motley Fool article today? I say mid-afternoon.
I think my shares have been diluted enough.
I'm actually surprised companies still do funding deals with GTE. Not because I think GTE is not investment worthy. But, for whatever reason, the last two deals (Caterham and Asia Pacific) they have done, the stock has dropped pretty significantly after they did the deal.
Stockholders Equity went up because they have sold 8.56 million shares this year.
Wouldn't Huff have known about this problem at the shareholder's meeting? Why would he still insist they were going to reach that goal, knowing the quarter was ending 9 days later?
When did they do a secondary offering?
You said "cash not from funding" If it's not from funding where did it come from?
The cash on hand increased because Asia Pacific sent them about $1.5m just before the quarter ended.
They have received $9m from funding through June. We are not self funding.
It's in their PR, Centerline no, VOIP supposedly for the month of June reached EBITDA positive.
I think it means if VPN does not like the outcome of the testing (ie. it doesn't work) they get their money back.
I appreciate them breaking out all five divisions. I thought three out of the five were supposed to be profitable.
"IMO, this company really began in January 2006 when J Randolph Dumas took over as CEO."
FYI - Dumas is not the CEO.
I noticed they didn't release Q1's until almost 7PM EST so I think I'm going to do something more productive until then.
I think this is the key line in that:
Announcement Status: Unconfirmed
Either way it is coming today or Monday.
Thanks. I knew it wasn't GTE's responsiblity to file the forms. I was thinking Caterham never filed the forms because they are a foreign entity? Since they never filed the original statement of ownership, I'm guessing they aren't going to file if they sell the stock. So we really have no idea whether or not they've sold. Thanks for the reply.
How come Caterham doesn't show up as a top holder. I've always wondered this.
Per the SEC you have 45 days after the quarter ends to file the 10Q.
http://www.sec.gov/answers/form10q.htm
GTE is a non-accelerated filer.
Anyone know if they will break out the five divisions in the financial statements, or are they going to keep it as is and lump Centerline, StrateVoip and Magic Money into one category?
I think you have to pay your broker a commission if you want tender your shares.
I think you are right, I wouldn't expect to see anything before the 15th. The suspense is killing me!
I'll take a swing.
Revenue: $155m
EPS: -$.15
Thanks!
I think if SIRI attempted to buy XM, the stock would get punished. I'm surprised there haven't been any rumblings of ClearChannel or CBS Radio looking to buy XM.
It really doesn't make any sense. The funny thing is next week when SIRI reports another solid quarter, the stock will be down 10%.