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SSPI now at 1.80 +.59 in AH. Jim
SSPI - Now at 1.34 in AH. Should see a good bounce tomorrow on news of UTStarcom.
Spectrum Signal Processing Signs Licensing Agreement with UTStarcom
Burnaby, B.C., Canada – December 23, 2003 – Spectrum Signal Processing Inc. (NASDAQ: SSPI / TSX: SSY), a leading provider of high performance solutions for wireless signal and packet-voice processing, today announced that it has licensed its aXs™.62X subsystem technology to UTStarcom on a non-exclusive basis. Spectrum expects to realize revenue from the licensing of this technology, last-time product sales, and maintenance and technical support in 2003 and the first half of 2004. UTStarcom also has the option to purchase engineering development services from Spectrum on an as-needed basis.
“Our arrangement with UTStarcom allows Spectrum to generate short-term revenue while pursuing the development of a new aXs product family. This next generation of aXs products will not incorporate Broadcom Corporation’s CALISTO™ technology, but another leading-edge processor,” stated Pascal Spothelfer, Spectrum’s President and CEO. “Our next-generation aXs products will be fully pin and code compatible with our current aXs.62X products, giving our customers a seamless migration path.”
“We are currently engaging customer prospects and existing customers such as UTStarcom with respect to our next generation product opportunities, however, we are also evaluating the future of our packet-voice group in the context of our strategic alternatives process,” Mr. Spothelfer added.
About aXs Packet-Voice Processing Subsystems
Spectrum’s aXs packet-voice processing subsystems are pre-programmed board-level products that perform voice and packet processing for high-density voice gateways. aXs solutions offer industry-leading call densities and are fully customizable to meet the specific requirements of gateway vendors.
About UTStarcom Inc.
UTStarcom is a global leader in IP access networking solutions and international service and support. The company sells its wireline, wireless, optical and switching solutions to operators in both fast growth and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in New Jersey, China, and India. For more information about UTStarcom, visit the company's Web site at www.utstar.com.
About Spectrum Signal Processing Inc.
Spectrum Signal Processing designs, develops and markets high performance wireless signal processing and packet-voice processing platforms for use in defense and communications infrastructure equipment. Spectrum’s optimized hardware, software and chip technology work together to collect, compress and convert voice and data signals. Leveraging its 17 years of design expertise, Spectrum provides its customers with faster time to market and lower costs by delivering highly flexible, reliable and high-density solutions. Spectrum subsystems are targeted for use in government intelligence, surveillance and communications systems, satellite hubs, cellular base stations, media gateways and next-generation voice and data switches. More information on Spectrum and its flexComm™ and aXs product lines is available at www.spectrumsignal.com.
HED jumping and crazy. Last three trades 1.33, 1.26, 1.19. Crazy. 25 million traded. No telling where it will end today. Jim
RCO (MXR) waking up. Jim
RCO (MXR) waking up. Jim
Buzz your AH theory sounds illegal. Very interesting though. Thanks. Jim
Looks like now AH traders here. Just a note on AVR. It has traded 1.5 million shares so far in AH. Seems to be mostly 1 seller from ARCA. Looking at Level 2 bids rarely move. The ARCA seller is about the only thing moving. And most trades are small. Now at .27. Looks like it may go higher. Jim
Buzz I got tired of AVR too. But there are lots of tiny trades in AH. Took 19 partial fills but I finally sold my 10K at .27. Activity looks interesting and would not be surprised if they don't take it higher here in AH. One 100 share share at .30 and one at .28 all others at .27 and lower. Jim
If Deutsche Bank likes DSLN, then I like DSLN. Just added here. Should get this one moving. Jim
Friday December 19, 1:28 pm ET
WASHINGTON -(Dow Jones)- Deutsche Bank AG (NYSE:DB - News) reported a 55.4% stake
in DSL.net Inc. (NasdaqSC:DSLN - News) , according to a Schedule 13D filed Friday with the
Securities and Exchange Commission (News - Websites) .
Deutsche Bank beneficially owns 118,421,053 DSL.net common shares,
the filing said.
Deutsche Bank bought the securities for investment purposes, the
filing said.
DSL.net provides high-speed Internet access to small and mid-sized
businesses using digital subscriber line, or DSL, technology.
-By Brian Coyle; Dow Jones Newswires; 202-862-3545
AVR back to .24/25 1.1 million/165K. That run did not last long. Wish I had taken the .27 offered. Jim
Great patience pays off. Jim
They let it go to .25/.26. This may be it. AVR Jim
That big buyer/seller just upped AVR b/a to .24/.25 400k/400k. Will they let it run this time??? Jim
AVR is being held back by NAS with large bid and ask offerings a penny apart. Now at .23/.24 248K/341k. Most of the time the ask qty is larger. Tried to sell my .21 position yesterday at .24 and got a lousy 200 share fill. Hate when that happens. Anyway, I think it may just jump one day soon to the upper 20's. We just need to get past the games NAS is playing. Jim
zeb thanks for your input on USTI. For me I never say never. Never can tell a word from BUZZ or Calandra could get it exploding past your .10 limit. Now up 15% today on 289K shares traded. <G> Jim
USTI at .075 +15% could be ready to move. This company is profitable, has no debt and had a nice volume spike today of 4 X average. Something could be brewing. Jim
USTI at .075 +15% could be ready to move. This company is profitable, has no debt and had a nice volume spike today of 4 X average. Something could be brewing. Jim
MXR finishing well. Now at HOD .64 +.13 from LOD. Jim
Annual meeting report is moving MXR - Thursday December 18, 10:57 am ET
Annual Meeting Includes Approval of All Matters of Business
NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- Medix Resources, Inc. (Amex: MXR - News) today announced the results of the Company's Annual Meeting of Shareholders. Darryl R. Cohen, Medix chairman and CEO, presided over the December 17th meeting and presented a review of Medix's accomplishments during the previous 12 months. As a result of the approval to reincorporate as Ramp Corporation, the Company's new ticker symbol will be "RCO", effective within the next several days. Medix, through its wholly-owned HealthRamp subsidiary, markets the CarePoint suite of technologies.
Meeting topics included:
* The strong demand from physician's for the Company's CarePoint's
technologies, and the current significant backlog of physician
installations that currently exists;
* A Skilled Nursing Facility offering is being developed and is expected
to be deployed in a number of locations within the first six months
of 2004;
* The Company's employee growth has necessitated a pending move to another
location in New York with over twice the office space as currently being
occupied, which is expected to occur early in 2004;
"Our reincorporation in Delaware as Ramp Corporation provides us with a more accurate representation of our Company's future direction. Access is the theme that will tie all of our businesses together. Access to better healthcare through our HealthRamp subsidiary is just the beginning. As we continue to grow as a Company, we expect that Ramp Corporation will provide access to business solutions currently unavailable, or available through us in a superior manner," continued Cohen.
During the annual meeting, all of the proposed resolutions were approved,
including:
* Election of directors to serve on the Company's Board;
* Approval of the reincorporation in the state of Delaware as
Ramp Corporation;
* Ratification of the 2004 stock incentive plan;
* Ratification of the 2003 consultants stock option, stock warrant and
stock award plan; and
* Ratification of BDO Seidman, LLP as the Company's independent auditors.
Medix, through its wholly owned HealthRamp subsidiary, markets the CarePoint suite of technologies. CarePoint enables electronic prescribing, lab orders and results, Internet-based communication, data integration, and transaction processing over a handheld device or browser, at the point-of- care. Frontline, another wholly owned subsidiary, provides a state of the art telecommunications center that enables 24/7 communication between a medical practice and its patients. The combination of these technologies is designed to provide access to safer and better healthcare. Medix's products enable communication of high value-added healthcare information among physician offices, pharmacies, hospitals, pharmacy benefit managers, health management organizations, pharmaceutical companies and health insurance companies. Additional information about HealthRamp, and its products and services, can be found at www.HealthRamp.com .
Safe Harbor Statement: To the extent that any statements made in this press release contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the ability of Medix to raise capital to finance the development of its Internet services and related software, the effectiveness, profitability and the marketability of those services, the ability of the Company to protect its proprietary information and to retain and expand its user base, the establishment of an efficient corporate operating structure as the Company grows and, other risks detailed from time-to-time in our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements.
--------------------------------------------------------------------------------
Source: Medix Resources, Inc.
MXR bouncing off their bottom (.51). Now at .56 on good volume. Jim
MXR bouncing off their bottom (.51). Now at .56 on good volume. Jim
CYGX making a nice move the last couple of days. Now back to .61 +.04 for the morning. Jim
CYGX making a nice move the last couple of days. Now back to .61 +.04 for the morning. Jim
Anyone adding CNV here. Bid/ASK just jumped to .40/.45. Volume only 15K. This one is due. Jim
HEC up due to another Calandra report mention. AH volume is not over 400K. Price up .10 to .85 from close. Jim
HEC up due to another Calandra report mention. AH volume is not over 400K. Price up .10 to .85 from close. Jim
HEC looking good in AH. Over 140K traded and price is up .07 from close to .82. Clandra hype will keep this one going up . Jim
HEC looking good in AH. Over 140K traded and price is up .07 from close to .82. Clandra hype will keep this one going up . Jim
DIO may have bottomed today at .27. Bouncing back to .30 now. Jim
Tried to post on AVR a half hour ago with IHUB was down. A trade for 130K went through at .25. For the last week there seems to always be a large buyer at a penny less that a large seller. Today they are stuck at .24/25. When this one goes, it could be big. Maybe toward .40. Jim
Buzz you out of bed yet? AVR hitting its stride. Now up 25% to .25. HOD is .26. This one is overdue. Jim
ICGE finally got past the .31 hurdle and is now at .322 with volume up. Jim
Rue you may have to wait until next week for a 'real' breakout on AVR. It is retreating now and is back to .23/.24. Volume has dried up from the morning rush. Wish I had taken the .27 and re-entered at .22/.23. Jim
gg AVR hard one to figure. Has had a tough time lately getting to .25. Well it made that today and more. Great volume. Off highs of today, but I think it will go higher later today. Jim
FTUS bouncing from yesterdays killing. Now at 1.20 +8%. Good volume. Jim
How far can AVR go? Jim
Buzz your hunch may be right on AVR move. Up to .25 now from .21 on good volume. Maybe this is not just another Head Fake. Jim
Stocks I think will move tomorrow FWIW - WBR, EAG, AND, IMNY, BCON, ONT and HEC. I hold positions in all these stocks. Jim
Buzz ONT up to 1.45 in AH. I agree the bottom may be in today at 1.30. A little news would not hurt. Jim
ONT too may be coming off the floor. Was at 1.30. Now at 1.40. Jim