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JimLur -- yup -- Debka isn't always right, but they are right much more often than not . . .
From Debka.com -- we're well under way:
US warplanes taking off from the USS Abraham Lincoln are bombing Iraqi military targets along the US-UK line of advance.
DEBKAfile exclusive: Kurdish sources confirm that Iraqi deputy prime minister Tareq Aziz is in their hands and is being questioned by US intelligence officials.
Earlier, as American and British forces began invasion of Iraq, DEBKAfile’s military sources reported persistent rumor that two leading powerbrokers of Saddam’s regime had fled Baghdad: deputy prime minister Tareq Aziz, who is thought to be hiding in Kurdistan in northern Iraq, and vice president Taha Yassin Ramadan who has not been seen for three days.
The invasion has begun with the advance of US Marines and British 1st Armored Division into Iraq in the direction of southern key naval port of of Umm Qasr. A second column of US 3rd Infantry Division troops crossed into the demilitarized zone on Iraqi border with Kuwait, with thousands of tanks, combat vehicles and fuel trucks
Hundreds of Iraqi officers and soldiers are reported streaming to the Turkomen town of Tozkhurmato south of Kirkuk and turning themselves in
Link follows -- content changes with time (the above is the current lead content under "Headlines", the front and center area of the page):
http://debka.com/
Good for a few chuckles --
http://www.business2.com/articles/mag/0,,47750,00.html?cnn=yes
(REUTERS) U.S. stocks leap on hopes for short war in Iraq
(Updates to midday)
By Denise Duclaux
NEW YORK, March 17 (Reuters) - Stocks surged about 3
percent on Monday as a U.S.-led military strike on Iraq
appeared only days away, stirring hopes on Wall Street that the
war would end quickly and leave the U.S. economy relatively
unscathed.
"There are a percentage of traders who want to get in now,
thinking if we are very successful, very quickly they will have
missed the opportunity," said Rick Meckler, president of
investment firm LibertyView, which oversees about $1 billion.
President George W. Bush will issue an ultimatum to Iraqi
President Saddam Hussein on Monday night that Hussein step down
or face war.
United Nations Secretary-General Kofi Annan told the
Security Council on Monday he had ordered the evacuation of all
U.N. international staff from Iraq, council diplomats said.
Stocks erased opening losses and steamed higher as all
signs pointed to imminent war, lifting the uncertainty plaguing
the markets and boosting the shares of a broad range of
companies. Financial giant JP Morgan Chase & Co. <JPM.N> and
computer maker Hewlett-Packard Co. <HPQ.N> jumped about 6
percent. Heavy equipment maker Caterpillar Inc. <CAT.N> rose 5
percent, and retailer Wal-Mart Stores Inc. <WMT.N> climbed 4
percent.
"The market was trading a lot lower because there was no
decision, but now things appear to be a little clearer and we
have a better idea of what's going to happen," said James Park,
senior vice president at Brean Murray. "It looks like we'll be
going to war in two to three days and the war premium is being
priced into the market."
The blue-chip Dow Jones industrial average <.DJI> climbed
202 points or 2.57 percent to 8,061. The tech-laced Nasdaq
Composite Index <.IXIC> rallied 37 points, or 2.75 percent, to
1,377. The broad Standard and Poor's 500 <.SPX> climbed 20
points, or 2.44 percent, to 854.
Safe havens like gold and government bonds weakened and oil
prices dropped, while the dollar strengthened against the euro
as investors bet a U.S.-led war on Iraq would be a short one.
The blue-chip Dow is up almost 7 percent since the close on
Wednesday when the gauge came close to touching multi-year
lows. Last week's rise in the markets pushed the Nasdaq into
positive ground for the year.
Some market watchers warn any rally may be fleeting since
underlying worries remain over the the health of the nation's
economy and the long-term impact of a war that has divided
world powers.
"What are the costs and what happens if things go wrong?"
said Jack Caffrey, equity strategist at JP Morgan Private Bank,
which oversees $280 billion. "People are thinking, 'Can we
rebuild the country in two years? What does it cost, and will
there be increased instability in the region?'"
Advancers trounced decliners by a ratio of 23 to 9 on the
New York Stock Exchange and 19 to 11 on Nasdaq. More than 924
million shares were traded on the New York Stock Exchange, and
more more than 1.08 billion on Nasdaq in heavy trading.
BROAD-BASED RALLY
JP Morgan led the Dow higher with a $1.32 jump to $22.58.
Hewlett-Packard, another Dow member, advanced 91 cents to
$16.49. Caterpillar Inc. <CAT.N> rallied $2.46 to $49.48 and
Wal-Mart tacked on $2 to $51.36 -- giving the blue-chip gauge
more fuel for its rally.
InterDigital Communications Corp. <IDCC.O>, a designer of
wireless technology and product platforms, surged $5.20, or
almost 38 percent, to $18.96. The company said it reached a
patent and royalty settlement with Swedish telecommunications
equipment company Ericsson <ERICb.ST>. The U.S.-listed shares
of Ericsson <ERICY.O> rose 84 cents. or 13 percent, to $7.26.
Ford Motor Co. <F.N> climbed 36 cents, or 5 percent, to
$7.12, erasing earlier losses to track the market higher. JP
Morgan said it had cut its earnings-per-share forecasts for
Ford based on an outlook for lower-than-expected sales and
production in North America.
Discount retailer Dollar General Corp. <DG.N> rose $1.63
or15 percent, to $12.40. The company said quarterly earnings
rose on higher sales, and it issued a fairly upbeat forecast,
sending its shares 20 percent higher earlier in the day.
Eli Lilly & CO. <LLY.N> added 11 cents to $54.09, reversing
earlier losses. The drug company said an experimental lung
cancer drug, being developed in partnership with Isis
Pharmaceuticals Inc. <ISIS.O>, failed to show significant
benefit when used in combination with chemotherapy. Isis
tumbled $1.32, or almost 32 percent, to $2.84.
PEC Solutions Inc. <PECS.O>, a provider of software systems
for the U.S. government, plunged $5.61, or almost 36 percent,
to $10.19. The company said its first-quarter earnings per
share are expected to decline from a year ago due to late
contract awards and late approvals of 2003 federal civilian
agency budgets.
(With additional reporting by Elizabeth Lazarowitz, Vivian
Chu, Herb Lash)
(Reporting by Denise Duclaux; editing by Jan Paschal; Reuters
Messaging denise.duclaux.reuters.com@reuters.net,
646-223-6112))
((Xtra clients: Click on http://topnews.session.rservices.com
to see Top News pages in multimedia Web format. If you cannot
access the pages, ask your IT department to check your Internet
firewall settings. For a technical advisory, click on <C9991>.))
REUTERS
*** end of story ***
34 mil plus 6m for 4 years
(REUTERS) Interdigital, Ericsson reach patent settlement
KING OF PRUSSIA, Pa., March 17 (Reuters) - InterDigital
Communications Corp. <IDCC.O>, a designer of wireless
technology and product platforms, said on Monday it reached a
patent and royalty settlement with Swedish telecommunications
equipment company Ericsson <ERICb.ST>.
The agreement, with Ericsson and Sony Ericsson Mobile
Communications AB, covers the sale of certain terminal units
and infrastructure products under so-called second-generation
and 2.5-generation advanced wireless technologies, but it
excludes any third-generation standards.
Shares of InterDigital jumped $4.32, or 32 percent, to
$18.08 in morning trading on Nasdaq.
The deal resolves a long-standing patent infringement
litigation with Ericsson scheduled for trial in May.
InterDigital expects to receive about $34 million from Ericsson
and Sony Ericsson related to sales of terminal and
infrastructure products through 2002. Sony Ericsson will pay
InterDigital a royalty on each licensed product sold through
2006.
The pact also established the financial terms and royalty
obligations for Nokia <NOK1V.HE> and Samsung Electronics Co.
Ltd. <05930.KS> on 2G and 2.5G technologies. InterDigital
expects Nokia's royalty obligation for 2002 could be in the
range of $100 million to $120 million and Samsung's royalty
obligation for 2002 could be in the range of $22 million to $27
million. The aggregate prepayment of royalties from Nokia and
Samsung for 2003 and 2004 could be in the range of $180 million
to $220 million.
((Reporting by Jessica Hall, editing by Steve Orlofsky;
Reuters Messaging: jessica.hall.reuters.com@reuters.net;
215-922-1086))
REUTERS
*** end of story ***
(COMTEX) B: Sweden's Ericsson appoints new management team
STOCKHOLM, Sweden, Mar 17, 2003 (AP WorldStream via COMTEX) -- Wireless
equipment maker LM Ericsson said Monday it had appointed a new deputy chief
executive, along with other key figures on its management team.
The Stockhlm-based company said last month that CEO Kurt Hellstroem would retire
in April and be replaced by Carl-Henric Svanberg, the CEO of international lock
maker Assa Abloy.
Per-Arne Sandstroem was named deputy CEO while Karl-Henrik Sundstroem was named
chief financial officer and executive vice president.
They, along with Svanberg will take over as the company's new executive
management team April 8 at the company's annual meeting.
"The new ... team gives us continued strong focus on our restructuring work as
well as high customer focus," Svanberg said.
Sundstroem, most recently vice president and general manager of its global
services unit, is replacing Sten Fornell, who will leave the company at the end
of the year.
Sandstroem has spent 15 years at Ericsson, including stints as president of its
North American market area and head of the former Business Unit GSM systems.
He also helped guide the company's massive restructuring since 2001 as chief
operating officer, and task he will continue to do now.
Ericsson, along with other telecom-equipment makers have been hard hit as
operators and providers cut back spending on their current networks and pushed
back plans for new, faster networks in a bid to preserve cash.
The company has been cutting costs and trimming its work force. When it started
in 2001, the company employed 107,000 worldwide. By the end of 2002, Ericsson
employed more than 64,600.
Separately, the company said it settled a patent dispute with InterDigital
Communications Corp., a move that helped it avoid a trial this spring.
Under the agreement, Ericsson will pay InterDigital US$58 million for its use of
technology developed by the American company in mobile phones and equipment that
it has sold for cell phone networks.
---
On the Net:
http://www.ericsson.com
Copyright 2003 Associated Press, All rights reserved
-0-
(mpm)
*** end of story ***
teecee -- my target is well over 50 (eom)
Another news item -- also, IDCC just mentioned on Squawk -- there will probably be more
(COMTEX) A: Ericsson, Interdigital Communications reach settlement in patent suit
STOCKHOLM, Mar 17, 2003 (AFX-UK via COMTEX) -- LM Ericsson AB said it has
reached a settlement with InterDigital Communications Corp in their
long-standing patent infringement suit.
Under the agreement, the companies have entered into a non-exclusive, worldwide,
royalty-bearing license agreement covering all of Interdigital unit InterDigital
Technology Corporation's (ITC) patents for GSM, TDMA (D-AMPS), GPRS, EDGE and
PDC.
Additionally, all claims asserted in the patent infringement litigation are
dismissed. In exchange, Ericsson will make an annual payment of a "limited"
fixed amount through 2006 for sales of covered infrastructure equipment.
"The royalty payments are part of a settlement of a dispute and will not
significantly affect Ericsson's earnings. The agreements cover both past and
future sales of the relevant products," Ericsson said.
At the same time, Sony Ericsson and ITC have entered into a similar license
agreement concerning handsets, under which Sony Ericsson will pay royalties to
ITC through 2006.
For sales through Dec 2002, Ericsson and Sony Ericsson will pay ITC about 34 mln
usd. For the years 2003 through 2006, Ericsson will pay ITC an annual fee of 6
mln usd for sales of infrastructure equipment. Sony Ericsson will, for the years
2003 through 2006, pay a royalty on each licensed product sold.
In February a Swedish newspaper reported that Ericsson faced up to 40 bln skr in
damages if it lost the patent dispute.
No further details were disclosed.
At 2.05 pm, Ericsson B had reversed 5 pct losses to trade up 1.80 pct at 5.65
skr bid.
stockholm@afxnews.com
hc/jad
Copyright 2003. AFX News Ltd. All rights reserved.
-0-
*** end of story ***
tc -- just being overly conservative -- so you'd say we should close at at least $45/share today, right (using conservative p/e of 15) -- ??
IDCC is now AT LEAST a $2/share eps company for 2003 and going forward -- shouldn't we close at at least $30/share today -- ??
(COMTEX) B: Ericsson, InterDigital Communications Corporation Reach Settlement in Patent Infringement Suit
STOCKHOLM, Sweden, Mar 17, 2003 (PRIMEZONE via COMTEX) -- Ericsson
(Nasdaq:ERICD) and InterDigital Communications Corporation (InterDigital), along
with its subsidiary InterDigital Technology Corporation (ITC), today announced a
settlement ending the companies' long-standing patent infringement
litigation.Under the settlement agreement, the companies have entered into a
non-exclusive, worldwide, royalty-bearing license agreement covering all of
ITC's patents for GSM, TDMA (D-AMPS), GPRS, EDGE and PDC.
Additionally, all claims asserted in the patent infringement litigation are
dismissed. In exchange, Ericsson will make an annual payment of a limited fixed
amount through 2006 for sales of covered infrastructure equipment.
The royalty payments are part of a settlement of a dispute and will not
significantly affect Ericsson's earnings. The agreements cover both past and
future sales of the relevant products.
At the same time, Sony Ericsson and ITC have entered into a similar license
agreement concerning handsets, under which Sony Ericsson will pay royalties to
ITC through 2006.
For sales through December 2002, Ericsson and Sony Ericsson will pay ITC
approximately US $34 million. For the years 2003 through 2006, Ericsson will pay
ITC an annual fee of US $6 million for sales of infrastructure equipment. Sony
Ericsson will, for the years 2003 through 2006, pay a royalty on each licensed
product sold.
Ericsson is shaping the future of Mobile and Broadband Internet communications
through its continuous technology leadership. Providing innovative solutions in
more than 140 countries, Ericsson is helping to create the most powerful
communication companies in the world.
Read more at http://www.ericsson.com/press
Contact: Ericsson Corporate, New York
Investors:
Glenn Sapadin, Investor Relations Manager
+1 212 685 4030
investorrelations@ericsson.com
Media:
Kathy Egan, Vice President Communications
+1 212 685 4030
pressrelations@ericsson.com
Investors in Europe:
Gary Pinkham, Vice President Investor Relations
Phone: +46 8 719 0858
investor.relations@lme.ericsson.se
Media in Europe:
Mikael Westmark, Manager Issues Communication
+46 8 719 62 02/ +46 70 676 86 15
press.relations@lme.ericsson.se
By Staff
(C) 2003 PRIMEZONE, All rights reserved.
-0-
*** end of story ***
(COMTEX) B: Ericsson, InterDigital Communications Corporation reach settlement in patent infringement suit
Mar 17, 2003 (Hugin via COMTEX) -- Ericsson and InterDigital Communications
Corporation (InterDigital), along with its subsidiary InterDigital Technology
Corporation (ITC), today announced a settlement ending the companies'
long-standing patent infringement litigation.
Under the settlement agreement, the companies have entered into a non-exclusive,
worldwide, royalty-bearing license agreement covering all of ITC's patents for
GSM, TDMA (D-AMPS), GPRS, EDGE and PDC. Additionally, all claims asserted in the
patent infringement litigation are dismissed. In exchange, Ericsson will make an
annual payment of a limited fixed amount through 2006 for sales of covered
infrastructure equipment. The royalty payments are part of a settlement of a
dispute and will not significantly affect Ericsson's earnings. The agreements
cover both past and future sales of the relevant products. At the same time,
Sony Ericsson and ITC have entered into a similar license agreement concerning
handsets, under which Sony Ericsson will pay royalties to ITC through 2006. For
sales through December 2002, Ericsson and Sony Ericsson will pay ITC
approximately USD 34 million. For the years 2003 through 2006, Ericsson will pay
ITC an annual fee of USD 6 million for sales of infrastructure equipment. Sony
Ericsson will, for the years 2003 through 2006, pay a royalty on each licensed
product sold.
Ericsson is shaping the future of Mobile and Broadband Internet communications
through its continuous technology leadership. Providing innovative solutions in
more than 140 countries, Ericsson is helping to create the most powerful
communication companies in the world. Read more at http://www.ericsson.com/press
FOR FURTHER INFORMATION, PLEASE CONTACT Investors in the US Glenn Sapadin,
Investor Relations Manager Ericsson Corporate Communications Phone: +1 212 685
4030 E-mail: investorrelations@ericsson.com Media in the US Kathy Egan, Vice
President Communications Ericsson Corporate Communications Phone: +1 212 685
4030 E-mail: pressrelations@ericsson.com Investors in Europe Gary Pinkham, Vice
President Investor Relations Ericsson Corporate Communications Phone: +46 8 719
0858 E-mail: investor.relations@lme.ericsson.se Media in Europe Mikael Westmark,
Manager Issues Communication Ericsson Corporate Communications Phone: +46 8 719
62 02, +46 70 676 86 15 E-mail: press.relations@lme.ericsson.se
Copyright (c) 2003, HUGIN AS. All rights reserved.
-0-
SUBJECT CODE: Finance
*** end of story ***
Male sweat brightens women’s mood
Perspiration also reduces stress, alters menstrual cycle
PHILADELPHIA, March 14 — Sweating it out over a big date this weekend? If you’re a guy, that could be just the ticket, according to a human biology study released Friday. Biologists at the University of Pennsylvania said they found male perspiration had a surprisingly beneficial effect on women’s moods. It helps reduce stress, induces relaxation and even affects the menstrual cycle.
[. . .]
In a study to be published in the journal Biology of Reproduction, researchers collected samples from the underarms of men who refrained from using deodorant for four weeks. The extracts were then blended and applied to the upper lips of 18 women, aged 25 to 45.
The women rated their moods on a fixed scale for a period of six hours. The findings suggested something in the perspiration brightened their moods and helped them feel less tense.
Blood analyses also showed a rise in levels of the reproductive luteinizing hormone that typically surge before ovulation.
[. . .]
[credit: Reuters]
http://www.msnbc.com/news/885348.asp?0cv=HB10
(and just when we men might have thought we had things locked up for awhile with that Mr. Jack Ass news item from a couple of months ago)
(of course, somehow or other along the lines of the proverbial ace in the hole, they ain't seen nothing yet -- if they want us to REALLY cheer up the gals, . . .)
revlis -- I, for one, am comfortable
being on my own with this one from here on out
L2V -- well said! (some people!) (eom)
Today's updated earnings announcement w/ financial info formatted:
(BSNS WIRE) InterDigital Announces Revised Fourth Quarter and Full Year 2002 Financial Results; Revenue and Earnings Revised Upward Due to Updated Royalty Information
Business Editors/High-Tech Writers
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--March 14,
2003--InterDigital Communications Corporation (Nasdaq: IDCC), a
leading architect, designer and provider of wireless technology and
product platforms, today announced revised revenue and earnings for
the fourth quarter and year-ended December 31, 2002. The revision
results from the recognition of higher royalties from certain
licensees whose royalty reports were received after the Company
released its financial results on February 11, 2003.
The Company reported revised fourth quarter 2002 revenue, net
income and earnings per share of $27.1 million, $5.7 million, and
$0.10 per share (diluted), respectively. The Company previously
reported fourth quarter 2002 revenue of $25.2 million, net income of
$4.0 million, and earnings per share of $0.07 (diluted). For the full
year 2002, the Company reported revised revenue, net income and
earnings per share of $87.9 million, $2.4 million, and $0.04 per share
(diluted), respectively. Previously, the Company reported revenue of
$86.0 million, net income of $0.7 million, and $0.01 per share
(diluted) for the full year 2002.
In accordance with the Company's revenue recognition policy,
royalty revenues are accrued when reasonable estimates can be made and
other revenue recognition requirements are met. When the Company's
licensees submit royalty reports for which the Company accrued
revenues based on estimates, the Company adjusts revenues in the
period in which the reports are received if the Company's 10-Q or 10-K
has already been filed with the SEC. The Company has not filed its
10-K for the year-end December 31, 2002 with the SEC and is therefore
revising previously disclosed results to include the most up-to-date
information regarding the Company's 2002 financial performance, taking
into account royalty reports received after the initial release of its
financial results.
About InterDigital
InterDigital architects, designs and provides advanced wireless
technologies and products that drive voice and data communications.
The Company offers technology and product solutions for mainstream
wireless applications that deliver cost and time-to-market advantages
for its customers. InterDigital has a strong portfolio of patented
technologies covering 2G, 2.5G and 3G standards, which it licenses
worldwide. For more information, please visit InterDigital's web site:
www.interdigital.com. InterDigital is a registered trademark of
InterDigital Communications Corporation.
-0-
*T
SUMMARY CONSOLIDATED STATEMENT OF OPERATIONS
For the Periods Ended December 31
(Dollars in thousands except per share data)
(unaudited)
For the Three For the Twelve
Months Ended Months Ended
December 31, December 31,
-------------------------------------------
2002 2001 2002 2001
-------------------------------------------
REVENUES: $ 27,091 $ 8,379 $ 87,895 $ 52,562
---------- ---------- ---------- ----------
OPERATING EXPENSES:
Sales and marketing 883 1,212 4,330 4,698
General and administrative 3,466 3,995 14,477 14,898
Patents administration and
licensing 3,823 2,346 13,162 8,959
Development 10,614 10,765 46,686 44,500
---------- ---------- ---------- ----------
18,786 18,318 78,655 73,055
---------- ---------- ---------- ----------
Income (loss) from
operations 8,305 (9,939) 9,240 (20,493)
NET INTEREST INCOME 439 873 2,019 4,627
---------- ---------- ---------- ----------
Income (loss) before
income taxes 8,744 (9,066) 11,259 (15,866)
INCOME TAX PROVISION (2,963) (695) (8,748) (3,418)
---------- ---------- ---------- ----------
Net income (loss) 5,781 (9,761) 2,511 (19,284)
PREFERRED STOCK DIVIDENDS (33) (34) (136) (137)
---------- ---------- ---------- ----------
NET INCOME (LOSS) TO COMMON
SHAREHOLDERS $5,748 $(9,795) $2,375 $(19,421)
========== ========== ========== ==========
NET INCOME (LOSS) PER
COMMON SHARE - BASIC $0.11 $(0.18) $0.04 $(0.36)
========== ========== ========== ==========
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
- BASIC 53,630 53,589 52,981 53,446
========== ========== ========== ==========
NET INCOME (LOSS) PER
COMMON SHARE - DILUTED $0.10 $(0.18) $0.04 $(0.36)
========== ========== ========== ==========
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING
- DILUTED 57,919 53,589 56,099 53,446
========== ========== ========== ==========
SUMMARY CASH FLOW
For the Periods Ended December 31
(Dollars in thousands)
(unaudited)
For the Three Months For the Twelve Months
Ended December 31, Ended December 31,
--------------------- ---------------------
2002 2001 2002 2001
--------------------- ---------------------
Net income (loss) before
pref. stock dividends $5,781 $(9,761) $2,511 $(19,284)
Depreciation & amortization 2,792 1,568 9,268 6,375
Increase in deferred
revenue 13,250 - 72,500 30,611
Deferred revenue recognized (19,003) (2,331) (54,738) (9,877)
Decrease (increase) in
operating working capital,
deferred charges and other (16,617) 6,305 (32,188) 1,963
Capital spending & patent
additions (3,962) (1,701) (11,994) (10,590)
---------- ---------- ---------- ----------
CASH FLOW BEFORE
FINANCING ACTIVITIES (17,759) (5,920) (14,641) (802)
Debt decrease & preferred
dividends (69) (49) (470) (428)
Net stock issued 8,812 1,373 12,314 2,606
---------- ---------- ---------- ----------
NET (DECREASE) INCREASE
IN CASH AND SHORT-TERM
INVESTMENTS $ (9,016) $ (4,596) $ (2,797) $ 1,376
========== ========== ========== ==========
CONDENSED BALANCE SHEETS
(Dollars in thousands)
(unaudited)
December 31, December 31,
2002 2001
------------ -------------
Assets
------------------------------------------
Cash & short-term investments $87,566 $90,363
Accounts receivable 53,486 14,479
Other current assets 7,627 6,385
Property & equipment (net) 14,091 14,402
Patents (net) & other non-current assets 26,974 22,752
------------ -------------
TOTAL ASSETS $189,744 $148,381
============ =============
Liabilities and Shareholders' Equity
------------------------------------------
Current portion of long-term debt $189 $184
Accounts payable & accrued liabilities 14,124 11,950
Foreign & domestic taxes payable 5,434 907
Deferred revenue 90,670 72,908
Long-term debt & long-term liabilities 1,970 2,158
------------ -------------
TOTAL LIABILITIES 112,387 88,107
SHAREHOLDERS' EQUITY 77,357 60,274
------------ -------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $189,744 $148,381
============ =============
*T
OT: To all -- upgrade your Flash player NOW:
http://www.cnn.com/2003/TECH/internet/03/07/macromedia.warns/index.html
Here's the direct link for the Flash Player download:
http://www.macromedia.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash&P5_Lang...
Data --
thank you for your clarity re what would be a marriage made in hell, not heaven
(COMTEX) B: Guangzhou Building PHS Networks
GUANGZHOU, Feb 24, 2003 (SinoCast via COMTEX) -- An exec of China Telecom
Guangzhou Office says the company is building PHS networks that may be put into
operation on May 17, 2003, the World Telecom Day. But the operation may be
advanced because the company's advertisements are on the way.
The Guangxin Communications Chain Store Company, a branch of Guangzhou China
Telecom is purchasing PHS mobile phones, and the company will be marketing the
phones in April 2003. So the industry believes the PHS may start operation in
April.
UT Starcom and ZTE are the major providers of PHS equipment of Guangzhou. ZTE
provides 1.3 million lines of equipment, UT Starcom provides equipment for the
country side areas of Guangzhou. An exec of ZTE says the order will be conducted
by partial shipment, and will be completed in April. Lin Hai, exec of Lucent
Guangzhou Office, says the reason for the company losing the order of Guangzhou
Telecom is slow delivery. All that means Guangzhou is increasing the pace of
construction of PHS.
Guangxin Communications is preparing increasingly for the operation of PHS. And
its PHS mobile phones are also provided by UT Starcom and ZTE.
From China News, Page 1, Friday, February 21, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
*** end of story ***
(COMTEX) B: China Netcom Pushes PHS in Beijing?
BEIJING, Feb 24, 2003 (SinoCast via COMTEX) -- The industry sees the PHS as a
wonder in China's telecom industry. PHS has covered 300 cities of 20 provinces,
now it is approaching to the final forbidden areas, Beijing and Shanghai.
Sources say Beijing Communications, a branch of China Netcom, has settled base
stations in Huilongguan Residential Community of Beijing.
But the Ministry of Information Industry refuses to make any statements before
the news approved. Other telecom carriers also make no statements.
The industry execs expect PHS will come to Beijing in March 2003, and Beijing
Communications has purchased PHS system from UT Starcom.
An industry exec says it depends on the Ministry of Information Industry's final
decision if the PHS can be operated in Beijing. The ministry once stipulated
that all telecom carriers can not operate PHS in the country, then the
limitation changes to Beijing, Shanghai, Guangzhou, and Tianjin, now, it changes
to Beijing and Shanghai. The exec adds, "Facing the great pressures of the
market, the ministry will compromise finally."
(PHS: Personal Handy Phone System)
From China News, Page 1, Friday, February 21, 2003
info@SinoCast.Com
Copyright (C) 2003 SinoCast, All rights reserved
-0-
*** end of story ***
loop -- even with SEC involvement,
I suggest, and find it quite hard not to believe, that IDCC would not make any direct disclosure of (heretofore factually quite strictly) confidential licensing/alliance/whatever agreements, in whole or in any part, absent a court order compelling it to do so -- unless it were doing so with the express foreknowledge and consent of the involved licensee(s)/partner(s)/whoever(s) [as well as of Judge Lynn, if and to whatever extent her foreknowledge of and consent to such disclosure might conceivably be required or appropriate in the ERICY case]
Gamco -- no sweat -- I do not have a major problem with other companies making investments/taking (small percentage) positions in IDCC, so long as that does not mean that IDCC ceases to remain independent, i.e. so long as that does not mean my IDCC shares are converted (other than through my own actions) into cash and/or the shares of another company -- although I reserve the right to question whether it is in IDCC's best business interests to have one or more customers as investors while other (potential) customers are not . . .
Naked Kidnap Fantasy Has Police Scrambling
Thu February 20, 2003 08:10 AM ET
EDMONTON, Alberta (Reuters) - Canadian police in a frantic search for an abducted woman dispatched a SWAT team to her home late on Tuesday before officers on a routine patrol across town found her naked and bound in the back of a car.
But police in Edmonton, Alberta, soon realized they had a problem -- she did not want to be rescued.
It emerged that the 17-year-old female and a man at the scene were engaged in a role-playing game, but not before the man was arrested and the woman sent to hospital for examination. She was less than co-operative, police said.
"She did answer questions, but she wasn't very forthcoming with the detectives. They pieced it together that it was some form of fantasy scenario on the part of the people involved," Edmonton police spokesman Wes Bellmore said on Wednesday.
"It wasn't so funny for us because we burned up a lot of taxpayers' money dealing with this."
The saga began just before midnight on Tuesday when a man called 911. He reported he had been talking on the phone to the woman when she said someone had broken into her house. Then the line went dead.
Police sent a tactical team to the house in west-central Edmonton, because the address had shown up on their records as the site of a previous weapons complaint.
"We had to make sure the suite was cleared by a tactical team in case there were weapons involved. When all was said and done, there were about 10 police units involved in this," Bellmore said.
About the time the SWAT team determined the home was empty, officers in another part of town found the car in a secluded area by a golf course, with the woman inside bound with tape and her would-be abductor outside the vehicle, he said.
"She was not fully clothed. She was in a state of ... she was naked," Bellmore said.
Police arrested the man, who eventually told investigators that the scenario was consensual. The woman refused to file a complaint.
"As far as our detectives can tell, there was nothing malicious about it," he said. "We really had nothing else to do except release everybody, probably with a stern warning to be more careful."
Police said they did not believe the man who called 911 had been aware of the nature of the events.
(COMTEX) B: Symena: Symena committed to TD-SCDMA Capesso redoptimizes the "all smart"
networks of the Chinese-backed 3G wireless standard
Vienna, Austria, Feb 20, 2003 (M2 PRESSWIRE via COMTEX) -- Symena announced
that it is committed to developing an optimization tool for TD-SCDMA 3G
standard. The standard has received a substantial allocation of spectrum in
Chinaand several Chinese manufacturers have announced their intention to build
equipment for the network.
TD-SCDMA requires Smart Antennas on every base station in the network. Smart
Antennas in TD-SCDMA are particularly useful in extending the range of base
stations in infrastructure poor areas.
Symena`s core expertise is in the optimal deployment of Smart Antennas in mobile
phone networks. By combining this expertise with Symena`s network optimisation
product, Symena is well placed to provide a valuable contribution to the
development of what will shortly be the world`s biggest single mobile phone
market, China.
"Smart Antennas present special challenges in network planning because their
behaviour is several times more complex to model than conventional antennas,"
said Dr Thomas Neubauer, Managing Director of Symena.
The TD-SCDMA network optimization product will be designated Capesso Red.
"Symena recently announced the differentiation of its conventional and Smart
Antenna optimization products as Capesso Blueand Capesso Orange," said
Christopher Millhouse, Business Development Manager for Symena. "In keeping with
the colours theme we thought that Capesso Red was clearly the most auspicious
hue for TD-SCDMA."
Capesso Redwill incorporate both a highly efficient Smart Antenna modelling
engine as well as automated network optimization. This functionality derives
from Dr Neubauer`s work on network optimization. He was recently awarded the
prestigious Dr Ernst Fehrer Prize from the Vienna University of Technology for
his work on "UMTS System Simulation with Smart Antennas."
About Symena
SYMENA`S network performance enhancement tools deliver significantly improved
coverage and capacity with reduced capital expenditure. This promise depends on
leading edge knowledge of the latest mobile phone standards and technologies
combined with automated optimization expertise. Symena`s Capesso range helps
operators deploy the latest performance enhancing technology in the most
effective way. Testing indicates that optimal configuration of a 3G network can
improve its performance by more than 30%. Symena's knowledge is built on the
work of world class European research and development institutions.
You can learn more about Symena at www.symena.com
CONTACT: Dr Thomas Neubauer, Symena Tel: +43 1 585 51 01 22 e-mail:
thomas.neubauer@symena.com Christopher Millhouse, Symena Tel: +43 1 585 51 01 0
e-mail: christopher.millhouse@symena.com WWW: http://www.symena.com
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
-0-
*** end of story ***
spider69 -- his self-imposed deadline expired at the close of trading last Friday (given that Monday was a market holiday)
AMS --
Regarding the information that is available, all one gets is the net movements in shares. An institutional investor may have traded very heavily during that quarter. They could be diseminating information through message boards so as to manipulate the small investors.
Such a remarkably candid post! And from you of all persons!
A true breakthrough!
Congratulations!
teecee -- not arguing that the IO # is anything less than great -- but not all "institutional" buyers are long-termers, as you well know -- just saying the IO #, if it could be tracked day-by-day, probably dipped a bit following 12/31/02, and may even now still be below the 12/31/02 # -- no biggie, just an observation; and I quite agree that in general we're headed to higher IO #s -- wanna bet the 3/31/03 # exceeds 32%?
teecee -- in fairness, those are 12/31/02 numbers; some probably have sold off since then (though there are signs of fresh accumulation recently . . .)
The two IDCC press releases and the one IFX press release previously released (and previously copied here) have all just been re-released.
rockitt -- that increases in authorized shares require shareholder approval is nothing any of us 'came up with'; it is the way things have been for a very long time, and the way things continue to be
TFWG -- don't bet on it. (eom)
Silicon Valley Steve -- I expect that there will be a shareholder vote to increase the number of authorized shares, by at least a factor of two, this year -- without limitation because such action must take place before there can be any whole-integer forward split (we can't do even a 2 for 1 now, with the current 100M authorized).
I think an increase to 300M authorized would make the most sense -- enough to accomodate two 2 for 1 splits, even with all those outrageously outstanding overhanging optional dilutives we keep hearing about.
(For any who wonder -- increasing the authorized shares, by itself, neither increases the number of shares outstanding, nor dilutes the percentage ownership of any current shareholder.)
(COMTEX) B: GSM ASSOCIATION: New GSMA Board to address critical industry issues through
building a global trade organisation
Cannes, France, Feb 18, 2003 (M2 PRESSWIRE via COMTEX) -- The GSM Association
(GSMA) today unveiled the membership of its new Board. In a major departure from
the past, the Board will position the GSMA as the global trade organisation for
the mobile world and will focus on a high-profile series of commercial and
strategic wireless industry initiatives.
With 23 of the world`s leading operator executives from the operator community
on the new Board, the GSM Association plans to unite the industry by providing
strategic guidance that will drive global development of new services forward at
an even faster pace.
The Board, approved by a vote of the full GSM Association membership, comprises
Boardroom level representatives of the following operator companies and groups:
AT&T Wireless Group; China Mobile; China Unicom; Hutchison Group; KT ICOM; Maxis
Mobile; mmO2 Group; NTT DoCoMo, Inc.; Orange Group; Orascom Telecom Group; SFR
Cegetel; SingTel Group; SUNDAY Communications Ltd; Taiwan Cellular; Telefonica
Moviles Group; Telenor Mobile Group; TeliaSonera Group; TIM (Telecom Italia
Mobile) Group; T-Mobile Group; Turkcell and the Vodafone Group.
Board member companies and groups represent more than 80 percent of the total
GSM customer base, which is currently over 800 million.
Craig Ehrlich, Chairman of the Board: "The GSM world will reach one billion
customers by end 2003, or early 2004; the new GSMA Board is about ensuring we
have the right platform to take us as an industry to the next billion."
"We aim to learn from the recent past, avoiding fragmented approaches to
developing seamless mobile products and services through a unified voice that
speaks for our members. The Board will bring greater clarity and focus to
critical issues such as interoperability and ease of use for customers, among
many other fundamental issues for operators going forward."
"High on the agenda are some specific actions to improve the commercial
environment for the GSMA`s members," added Ehrlich. "Such as MMS (Mobile
Multimedia Services) interoperability, terminals and content platforms, along
with the aggressive advancement of 3G services."
"The operator community`s global leadership has now engaged and is refocusing
resources to reinvigorate the wireless space," said Ehrlich.
Rob Conway, CEO of the GSM Association and Member of the Board said: "We are
entering a new era for the GSMA and the wireless world. The new Board seeks to
truly revitalize the way we do business, bringing industry critical matters into
sharp focus - providing faster cycle times for new service introduction,
enhanced value for customers and more targeted results for operators and
shareholders alike."
"By bringing together the global operator community we will have the collective
strength to address and accelerate the real issues of complexity that have
slowed our progress in the recent past. Only by delivering this global clarity
of purpose and direction can we speed the introduction of compelling new
interoperable services on a common global platform," he added.
About the Board
The Board will meet frequently and will work to a tight agenda, focusing on a
number of prioritised issues, including putting in place global platforms and
global interoperability, ensuring a closer market based and strategic focus on
the collective needs of all GSM Association operator members.
The Board comprises a strong mix of the largest operators in the world (based on
global GSM subscribers) in addition to geographically diverse and other network
operators, rotating on a two-year basis. In addition the CEO of the GSM
Association and the Chair of the Executive Management Committee will also sit on
the new Board.
About the GSM Association:
The GSM Association (GSMA) is the world's leading wireless industry
representative body. It consists of more than 680 second and third generation
wireless network operators working collaboratively to accelerate the
implementation of collectively identified, commercially prioritised operator
requirements. The GSMA continues to work closely with recognized industry bodies
such as 3GPP and OMA. The Association`s members provide digital wireless
services to more than 800 million customers in over 190 countries of the world
(end January 2003).
The GSM family of wireless communications platforms, including GSM, GPRS
(General Packet Radio Services), EDGE (Enhanced Data for GSM Evolution) and
W-CDMA account for approximately 71 percent of the total digital wireless market
today. The GSM Association is a unique organisation, with truly global reach,
offering a full range of business and technical services to its members.
For more information, visit the website at www.gsmworld.com.
GSM is a registered trademark, registered and owned by the GSM Association.
"GSM - The Wireless Evolution"
GSMA Press Conference at the 3GSM World Congress, Cannes The GSMA will hold a
press conference at the 3GSM World Congress, Cannes France at 11.00am on
Wednesday 19th February, attended by members of the Board, to further outline
priority issues of immediate focus for the GSM Association.
CONTACT: Mark Smith, Communications Director, GSM Association Tel: +44 (0)207
518 0549 Fax: +44 (0)207 518 0531 e-mail: msmith@gsm.org Clare Bragg/Richard
Fogg, Companycare Communications Tel: +44 (0)118 939 5900 e-mail:
clare@companycre.com e-mail: Richard@companycare.com
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
-0-
*** end of story ***
Sony Ericsson Launches 3G Phone
Mon February 17, 2003 11:44 AM ET
By Jan Strupczewski
CANNES, France (Reuters) - Swedish-Japanese mobile phone maker Sony Ericsson launched its first 3G mobile phone on Monday and said it aims to return to profit this year by boosting market share as handset prices could fall more than 10 percent.
Executive Vice President Jan Wareby told Reuters in an interview that the company, which had a market share of about six percent in the fourth quarter, was still seeking to become the number one player in handsets in 2006, overtaking four bigger firms including leader Nokia.
"We have plans to return to the black this year through increasing market share. Being number one in 2006? We still have a clear objective to be there," Wareby said.
Sony Ericsson, the only loss-making top five handset maker in 2002, has said that it would become profitable with a market share of seven to 10 percent and analysts expect the firm may reach between six and eight percent this year.
Nokia, the world's biggest mobile phone maker, had a 39 percent market share in the fourth quarter and the second biggest Motorola had 19 percent.
The industry expects the mobile phone market will grow around 10 percent this year to between 435 and 445 million units after single digit growth in 2002.
Wareby said average selling prices of the existing range of phones would fall more than 10 percent this year. Nokia said prices would bottom out in the first quarter and then start rising again -- a claim many analysts say is optimistic.
Analysts have said that to raise market share Sony Ericsson needed to increase its offer of lower-end phones to drive volume and improve productivity.
GAIN SHARE
Wareby said the company's T100 and T200 lower-end handsets were selling very well and so was its flagship P800 camera phone which was at the top of the price range. Thanks to the new models it stopped a steady string of market share losses and gained half a percentage point share in the fourth quarter.
He said the company wanted to have a full portfolio of phones, without bias toward either end, adding it plans to launch more clam-shell models. European-based manufacturers including Nokia have largely stuck to so-called 'candy bar' models which analysts say hampers their appeal in Asia where most of the demand growth will come from.
Wareby said the 3G phone, which offered live video conferencing thanks to an inbuilt video camera, would be shipped to operators for testing in the second quarter and would become commercially available in the second half of the year.
With a clam-shell design, the phone has one video camera for the person-to-person calls and another one which is similar to a camcorder and can record short video clips. Named the Z1010, it has a color screen and battery life comparable to today's GSM phones.
It is the second mobile phone on the market which can work in both the current GSM second generation networks and the ultra fast 3G systems.
Nokia unveiled the first such 3G phone, the 6650 model, in late September, but said at the time it would only be on sale in six months' time. The phone has an in-built camera.
Wareby also said Sony Ericsson would launch a card that can be inserted into a personal computer allowing high speed mobile connections in the 3G Edge network technology in the third quarter in the United States.
A similar card would later be launched in Europe while Edge phones would come in 2004, Wareby said. Edge is a mobile phone technology allowing much greater transmission speeds than in current networks and does not need new radio spectrum, unlike the other 3G technology WCDMA.
http://www.reuters.com/newsArticle.jhtml?type=technologyNews&storyID=2240418
Tinh Trinh -- won't let him forget (eom)
mack12 -- why are you even still posting here? are you man enough to keep your word, or have you no honor? do you remember the following (keeping in mind that the next trading day is more than one month from the date of the following)?:
Posted by: mack12
In reply to: 0nceinalifetime who wrote msg# 4053
Date:1/17/2003 3:03:35 PM
Post # 4066 of 9553
I used to wonder how all those Enron investors could've ignored the massive insider selling before the fall. I no longer wonder anymore.
If IDCC isn't in the single digits within the next month, I'll never post here again.
http://www.investorshub.com/boards/read_msg.asp?message_id=687890