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Ofcourse the PR is authentic.
A company such as ZAYO does not release a PR without going through the proper channels of authorization.
It would have immediately been removed if there were an issue.
Qualcomm's CEO says sci-fi future already here
http://www.rcrwireless.com/article/20110826/CHIPS/110829954/qualcomms-ceo-says-sci-fi-future-already-here
Qualcomm's Paul Jacobs believes the future of tech – in all its sci-fi glory – is already here, presenting amazing opportunities as well as serious challenges.
Speaking to Om Malik on Qualcomm Live, Jacobs discussed the embedding of wireless into almost all objects, in a world where mobile phones became more of a remote control than a talk enabled device.
“People will be injecting sensors into their body,” he said, adding, “it may sound like sci-fi, but it's not that far-fetched.”
Jacobs said the world of mobile was following a “natural progression,” and evolving as it moved forward. “We're on a path now and people get it,” he explained.
Speaking of some of the advances in telemedicine, Jacobs admitted that while physicians in the Western World tended to adopt new technology at a slow pace, the same was not true of the developing world, nor of the over-the-top (OTT) fitness and wellness industries, which were pushing ahead with new sensor technologies.
“The emerging market is a huge trend for wireless,” said Jacobs, giving the example of teledermatology, whereby smartphones could be used to snap photos of skin diseases on people in remote locations and sent off to experts for immediate analysis.
Qualcomm's engineers are also working on a model of the human brain, Jacobs revealed noting the firm's engineers were busy developing “really cool and interesting stuff that's way out there.”
In terms of current core businesses, Jacobs discussed the growing level of integration in chipsets to reduce costs, saying the firm was using a more “trickle up” effect rather than the standard trickle-down from higher end products. Qualcomm, he said, was also working hard to push out reference designs to partners, which he claimed cut down on development time and cost for OEMs wanting to push out products quickly and cheaply in the emerging markets.
The Qualcomm chief also spoke briefly about the Atheros acquisition, saying it had been key in the firm's strategy to come out with “different radios targeted at different kinds of applications.” Jacobs also said Qualcomm as a company tended to make smaller acquisitions and would continue to do so.
“We're not just a CDMA company, we're a wireless technology company,” he said outlining Qualcomm's plans for pushing the envelope by expanding network capacity, building “super cheap” base stations and continuing to develop augmented reality into “real 3D.”
Microsoft Windows 8, due to launch in just over two weeks, would also herald a “huge amount of creativity” said Jacobs, mulling the possibilities of new thinner, lighter computing designs running on ARM chips.
For all the good technology brings, however, Jacobs admitted he did also have fears for the risks the world now faced because of it.
“I worry about cyber security,” he told Malik, outlying his concern for a ‘Blade Runner' type situation should the country's infrastructure ever get hacked.
One thing Jacobs isn't overly concerned about, however, is an ongoing bout of patent wars. “the patent stuff will settle itself out,” he posited, noting that for its part, Qualcomm preferred to “create more peace” through cross licensing.
It's Monday morning and MediaG3 is still on the front page of ZAYO's website. http://www.zayo.com .
Looks like the NEWS is still making it's way across the net.
Zayo enables MediaG3 to deliver wireless broadband service
Monday 29 August 2011 | 07:30 CET
http://www.telecompaper.com/news/zayo-enables-mediag3-to-deliver-wireless-broadband-service
US regional operator Zayo has completed an agreement to provide high bandwidth services with wireless broadband systems provider MediaG3. These systems are now available through MediaG3, for the enterprise, healthcare, transportation, business, public safety, education and residential technology subscribers throughout Idaho's Treasure Valley, including the city of Boise. Zayo has 182 network route miles and 175 lit buildings in the Boise area. Zayo's fibre footprint is built to deliver high speed bandwidth systems to enterprises and carriers in Boise.
Metro Roundup 8/29: Level 3, Zayo, AboveNet
August 29th, 2011
http://www.telecomramblings.com/2011/08/metro-roundup-829-level-3-zayo-abovenet/
So Irene was bad, but not *that* bad and hence time to get back to work. A quick look at a few metro fiber-related items:
Level 3 Communications (NASDAQ:LVLT, news, filings) became the latest major fiber operator to bring TELEHOUSE’s new Chelsea facility on-net. TELEHOUSE purchased the 60,000 square feet of space at 85 10th Avenue in January, boosting it’s NYC presence and offering some new space into a tight market at a time when Google is busy making elbow room over at 111 8th. AboveNet, KDDI America, and Sidera Networks have all shown up there as well this summer.
Zayo Group (news, filings) won a bandwidth deal with MediaG3 up in the Treasure Valley area of Idaho. The wireless broadband service provider will be using Zayo’s extensive metro fiber in the Idaho capital to power its backhaul network in Boise and the surrounding area. Zayo’s Boise footprint comes from the purchase of American Fiber Systems, which in turn picked up the assets from IDACOMM a few years earlier.
And earlier last week, Abovenet (NYSE:ABVT, news, filings) added the new Latisys Ashburn colo facility to its footprint. The speculation surrounding AboveNet came and went, but the buildout of fiber has continued throughout as the company pursues its ‘data center neutral’ approach. They’ve already had the other Latisys facilities in Chicago and Southern California on-net.
Well said my friend!
Friday was a BIG step for MediaG3 MDGC and I believe this is only the beginning.
It will certainly be interesting when MediaG3 MDGC breaks their silence.
I am looking forward to financials and an update on the Boise Project.
Maybe we will hear about customers or other agreements.
Just tossing out some thoughts.
Press Release on ZAYO's website!
http://www.zayo.com/news
http://www.zayo.com/news/zayo-enables-mediag3-inc-deliver-wireless-broadband-service-boise-idaho-and-support-expansion
This is very healthy for MediaG3 MDGC!
Hmm, interesting group of investors in ZAYO.
Thanks for the link K23!
MediaG3 MDGC is hitting the wires thanks to the release from ZAYO.
http://www.menafn.com/qn_news_story.asp?storyid={7f0cf512-4a6f-4e49-96ff-d1c72bf8586b}
http://www.reuters.com/article/2011/08/26/idUS100829+26-Aug-2011+BW20110826
http://www.businesswire.com/news/home/20110826005136/en/Zayo-Enables-MediaG3-Deliver-Wireless-Broadband-Service
http://www.marketwatch.com/story/zayo-enables-mediag3-to-deliver-wireless-broadband-service-to-boise-idaho-and-support-for-expansion-2011-08-26
http://www.cheapassbandwidth.com/zayo-to-provide-high-bandwidth-services-with-mediag3-2.html
http://www.fortmilltimes.com/2011/08/26/1683008/zayo-enables-mediag3-to-deliver.html
In case folks don't understand the significance of this PR:
+ Released by ZAYO
+ "Zayo, a provider of bandwidth infrastructure services and carrier-neutral colocation, announced today it has completed an agreement to provide high bandwidth services with MediaG3, Inc."
+ These solutions are now available through MediaG3, Inc. for the enterprise, healthcare, transportation, business, public safety, education and residential technology subscribers throughout Idaho’s Treasure Valley, including the city of Boise.
My brother confirmed several months ago that there was a relationship between Zayo and MediaG3.
No one says things are revealed immediately.
Remember me sharing my OPINION that this silence may be strategic?
Maybe MediaG3 has their ducks in a row and felt it was time to give the green light to Zayo...or maybe Zayo was waiting for something.
This is a 3rd party confirmation of relationship and service!
Not a plug by a PINKY!
Let that sink in for a minute.
JWilson confirmed previously that there was a relationship with LighSquared and Cogent.
Maybe those come down the line in time as well.
Hard to acknowledge the fact that ZAYO has confirms relations, service and plans with MediaG3?
So much for the smoke and mirrors eh?
HAHAHA! Talk amongst yourselves. LOL
Zayo Enables MediaG3 to Deliver Wireless Broadband Service to Boise Idaho and Support for Expansion
http://www.reuters.com/article/2011/08/26/idUS100829+26-Aug-2011+BW20110826
Fri Aug 26, 2011 6:00am EDT
Zayo Enables MediaG3 to Deliver Wireless Broadband Service to Boise Idaho and Support for Expansion
Zayo, a provider of bandwidth infrastructure services and carrier-neutral colocation, announced today it has completed an agreement to provide high bandwidth services with MediaG3, Inc. (PK:MDGC), providers of wireless broadband solutions. These solutions are now available through MediaG3, Inc. for the enterprise, healthcare, transportation, business, public safety, education and residential technology subscribers throughout Idaho’s Treasure Valley, including the city of Boise.
“We view Zayo as a strong partner for us to deliver our high performance, cost effective wireless broadband services,” explains Val Westergard, MediaG3’s Chairman. “MediaG3 values Zayo’s ability to support our growing broadband services needs at compelling costs. When choosing a partner to support the delivery of these services to Treasure Valley, Zayo provided the best technical expertise and extensive fiber network backbone to support our expansion efforts.”
Treasure Valley has a growing base of technical call centers and is home to a number of high-tech companies. Zayo has 182 network route miles and 175 lit buildings in the Boise area. Zayo’s fiber footprint is built to deliver high speed bandwidth solutions to enterprises and carriers in Boise that in the past have had limited high speed options.
“Utilizing Zayo’s unique fiber network in the Boise area, we are able to support MediaG3’s strategy to provide enterprises access to cost effective, high speed bandwidth,” states Steve Williams, Vice President of Zayo Networks. “Leveraging our network in Boise, Zayo delivers bandwidth services to wireless providers, large enterprises, and schools, which enables us to expand our network footprint to reach additional customers.”
About Zayo Group
Based in Louisville, Colo., privately owned Zayo Group ( http://www.zayo.com ) is a national provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services. Zayo supports enterprise and regional businesses, as well as federal, state and local government agencies that require lit and dark fiber services, as well as carrier neutral colocation. Zayo provides these services over regional, metro and fiber-to-the-tower networks. Zayo’s network assets include over 23,000 route miles, connecting 153 markets across 31 stated plus Washington D.C. Additionally, Zayo had over 4,200 buildings on-net, more than 1,800 cell towers on-net, and over 170,000 square feet of colocation space. Zayo was recently named one of the Denver-areas Fastest Growing Private Companies by the Denver Business Journal.
About MediaG3, Inc.
MediaG3™ Inc., ("MG3"), develops and delivers wireless broadband technology products and services for today's fixed and mobile customers. MediaG3 provides wireless broadband Internet access and Internet telephone throughout the US, under the Imperial Wireless brand. MediaG3 has five key US wireless patents and offers their wireless broadband technology, technology licensing and equipment under the Wytec and Wytec "Next Generation" brands. Imperial Wireless and Wytec are wholly owned subsidiaries of MediaG3. MediaG3 is headquartered in Boise Idaho. For more information, or to register to receive updates, please visit their corporate site http://www.mediag3.com/news.php
Zayo Group
Brittany Sever, 303-381-3268
bsever@zayo.com
LOL, just got in and looked at the links provided.
They are also old and it is funny that info wasn't mentioned.
The case again Val Westergard / MediaG3 from William Yuan is histerical to read. Compare Yuans demands and the way he lived daily as CEO of MediaG3 vs that of Westergard.
I believe it is evident that the CEO of MediaG3 isn't using his shareholders as a personal ATM.
That would have been a great flip!
That's not why I invested in MDGC though. Looking for blue skies.
Hmm, heavy on the opinion.
Can you provide the current status on the tax liens, court costs or judgements that you are claiming?
Interesting trading today. Over 15 million with a majority at the ASK.
I am in that "few" as well. As a matter of fact, I know several that fall into that "few". Would that make us "many"?
I'm not happy about the silence from MediaG3, but remain hopeful that the silence is for a reason that cannot currently be revealed to the public.
Only time will tell.
Holding long and strong!
Interesting picture.
Did the company announce this?
Is this fact or opinion?
Obviously someone is selling a lot of shares over the past few weeks but for every sell there is a buy.
There appears to be some actual DD on MM CANT that leads back to Anzalone.
BINGO!
Airspan Announces 4G Small Cell Base Station
http://www.marketwire.com/press-release/airspan-announces-4g-small-cell-base-station-pinksheets-airo-1550751.htm
Complementing 4G Product Portfolio With Performance and Cost-Optimized Micro Base Station
BOCA RATON, FL--(Marketwire - Aug 17, 2011) - Airspan Networks Inc., a leading provider of broadband wireless access networks, announced today the introduction of Air4Gs, a carrier-grade, compact 4G base station, offering a cost-optimized solution to operators and vertical markets such as smart grid.
Air4Gs is a small, light, powerful product that addresses connectivity needs of rural and low population density applications, as well as filling in coverage on the edge of an urban service area. Air4Gs can be easily integrated into existing Airspan supported networks by utilizing the same core network products, network management software and end user devices.
Similar in architecture to the flagship, macro Air4G base station, Air4Gs complements the current Airspan 4G product portfolio, matching the traffic demands of customer networks.
Air4Gs, weighing only 10 kg/23 lb, harnesses features such as advanced fractional frequency reuse and all-in-one/all-outdoor architecture, packed into a small 2 transmitter/2 receiver (2Tx/2Rx) platform. It has been designed to operate in standalone mode, requiring no ASN-Gateway and therefore allowing an extremely low-cost initial fixed deployment. The product is standards-based and communicates with a large variety of user devices.
"Air4Gs offers uncompromised performance with a unique combination of power and affordability," commented Amit Ancikovsky, President of Products and Sales for Airspan. "There are certain deployment scenarios that simply do not need the power of a macro base station but still need range and capacity. Air4Gs offers this at a moderate price point to help operators meet their business models. Our goal is to continue to develop products that enable our customers to deploy flexible solutions that maximize their efficiency and minimize their expenses."
The new product operates in the 1.4, 2.x, and 3.x GHz frequency bands and is FCC certified to operate in the full 50 MHz of the 3.65 band in the U.S. Incorporating its newest proprietary software enhancements to this solution, Airspan has created a lightweight, low power consumption base station which supports:
* Extended range (more than 50 km)
* Fractional Frequency Reuse (FFR), MIMO Matrix A and MIMO Matrix B
* 3.5, 5, 7 and 10 MHz channels
* Advanced VLAN networking capabilities
* Unique VoIP solution
* Advanced power amplifiers with digital pre-distortion technology to improve adjacent channel operation and frequency reuse
Air4Gs WiMAX variants have already been trialled and tested and are now available for purchase. An LTE version of the product is currently being developed.
About Airspan Networks Inc.
Airspan (PINKSHEETS: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands. www.airspan.com.
Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. This press release contains forward-looking statements. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. We do not assume any obligation to update any forward-looking statements.
Partner NEWS: Aerius Phones to Ship in Ten Days From China for SAR Tests in Certified Lab in US
http://www.globenewswire.com/newsroom/news.html?d=229188
LAS VEGAS, Aug. 11, 2011 (GLOBE NEWSWIRE) -- Aerius International Inc., (Pink Sheets:AERS) today announced Rani Wu, Aerius engineer in Shenzhen China, reported Aerius smart phones will ship within ten days from Huaxin, their manufacturer in Shenzhen to the US, for SAR tests by Cetecom, an FCC and CTIA Authorized lab in San Francisco.
"Aerius Frost & Sullivan Award winning technology redirects handset signals away from users reducing SAR or signal loss into users according to the FCC, 99.4%. This reduction in signal loss gives Aerius phones 2 to 4 more hours of battery life in addition to delivering 60% fewer dropped calls," said Bill Luxon, Aerius CEO.
"Cellular-news reported in August smartphone shipments could reach one billion units by 2016, and Aerius plans to be a major player in that growth," said Luxon. "Based on the latest World Health Organization Report regarding the dangers of SAR we also have major cell phone buyers worldwide interested in introducing Aerius phones," Luxon added.
Chuck Closterman, Aerius VP International Sales, also reported buyers with major retailers who reviewed performance of Aerius phones say, "If you put two phones side by side, they have similar features, and one delivers 2 to 4 more hours of battery life and eliminates radiation absorption into the user, it's a no-brainer which one consumers will buy."
The Frost & Sullivan Award to Aerius and each FCC, carrier, and independent CTIA lab report on performance of Aerius equipped phones is posted in full at http://www.goaerius.com . "Please visit Aerius website and read independent Aerius phone performance reports," Luxon said.
Safe Harbor Statement
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Aerius or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. The forward-looking statements included in this release are made only as of the date of this release, and the Company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.
CONTACT: Bill Luxon, CEO
Aerius International, Inc.
Tel: 866-412-9800
Fax: 866-412-5300
Email: info@goaerius.com
Are you sure?
Growing Worldwide Communication Increases Demand - Research Report on Cogent Communications Group, Inc. and EarthLink, Inc.
http://www.marketwire.com/press-release/growing-worldwide-communication-increases-demand-research-report-on-cogent-communications-nasdaq-ccoi-1546964.htm
MACAU--(Marketwire - Aug 8, 2011) - Today, www.EquityMarketsInc.com announced its research report highlighting Cogent Communications Group, Inc. (NASDAQ: CCOI) and EarthLink, Inc. (NASDAQ: ELNK). Full content and research is available at www.EquityMarketsInc.com/research.php.
Increased commercial requirements, buoyed by consumer demand for more bandwidth intensive communicative applications, have created a strong market influence within communication. As previous trends and growth relied upon government infrastructure and logistical requirements of large multi-national corporations, the majority of today's requirements are flowing directly from end-users.
As a result of recent credit adjustments, opportunity is being marked for investors to take advantage of equities with high-margin and specialty products. Market-wise investors are carefully watching for value within equities boasting established pipelines and excellent growth prospects. As part of this process, the following companies have been introduced with initial research reports available online.
Equity Markets has reviewed Cogent Communications Group, Inc. a facilities-based provider of Internet access and Internet Protocol (IP), communications services. The Company's network is specifically designed and optimized to transmit data using IP. The full research report on Cogent Communications Group, Inc. (NASDAQ: CCOI) is available here: http://www.EquityMarketsInc.com/researchfile4634.php .
Equity Markets is covering EarthLink, Inc. as a provider of communications services to individual and business customers. Its Consumer Services segment provides nationwide Internet access and related value-added services to individual customers. The full research report on EarthLink, Inc. (NASDAQ: ELNK) is available here: www.EquityMarketsInc.com/researchfile4891.php.
About Equity Markets
Our mission at Equity Markets is to be the best source of content and research, while educating, enlightening and informing investors. Equity Markets combines street smart analysts and professional market researchers to provide investors with detailed company profiles and market coverage.
Maybe these posts will help with the correct time frame of positions held as these are public records and PR's rather than personal bios on linkedin.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65900785
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65885718
http://www.businesswire.com/news/home/20090415005270/en/MediaG3-Names-Joseph-Anzalone-President-Chief-Operating
Looks like someone is trying to hide something.
http://webcache.googleusercontent.com/search?q=cache:96bG8v8QA-IJ:www.linkedin.com/in/johndgriffith+COO+at+InstaFOODS+International&cd=1&hl=en&ct=clnk&gl=us&source=www.google.com
John Griffith
COO at nGlobaLink & Mei Dong
Location
Boise, Idaho Area
Industry
Venture Capital & Private Equity
John Griffith's Overview
Current
* COO at InstaFOODS International
* COO nGlobalLink & Mei Dong at nGlobaLink
* Owner at Griffith Consulting
Past
* President, Mountain Region at Verizon Wireless
Connections
36 connections
Websites
* Portfolio
* China Green Pages Launch
* Company Website
John Griffith's Summary
Originally joining NewVenture Group, which changed to USWest Cellular, which was bought by PacBell and promply changed it's name to AirTouch, which was bought by Media One, which sold to Vodaphone from the UK, which sold to Bell Atlantic, which changed it's name to Verizon Wireless. So, needless to say, I have experience managing through change. I enjoy the internal and external communications promoting the changes and have a desire to use my executive talents in organizational leadership and global experience to help turn around struggling companies, or to facilitate changes in direction for increased market share and revenues.
Specialties
Negotiations, branding identity, competitive analysis, international JVs, strategic analysis and change.
John Griffith's Experience
COO
InstaFOODS International
Food Production industry
January 2010 – Present (1 year 5 months)
This organization work with humanitarian groups to help feed the hungry and disadvantaged in the world.
COO nGlobalLink & Mei Dong
nGlobaLink
Privately Held; Information Services industry
January 2010 – Present (1 year 5 months)
nGlobaLink’s focus is to effectively deliver applications, content and services through its online platforms and to provide mobile connectivity solutions. Through technology acquisition and development, the company is positioned in the $70 billion online marketing space and over 100 billion wireless service and content distribution space in both the US and China markets. nGlobaLink has two business divisions, each complements with the other and generates incremental revenue streams. The US division is focused on technology development and acquisition, wireless product and application marketing and sales, while the China division is providing online Web 2.0+ platforms and distribution channels to serve business and consumers in the Greater China and US markets. In December of 2010 it launched China Green Pages, which is a social networking site in Shanghai. The first of links of the site is China Cuisine, an interactive site which has access to 3,000 restaurants within Shanghai.
Owner
Griffith Consulting
Venture Capital & Private Equity industry
March 2000 – Present (11 years 3 months)
My background has guided me towards assisting companies to turn around, renew their corporate visions, communicate and facilitate changes within companies internally and externally.
President, Mountain Region
Verizon Wireless
Public Company; VZ; Telecommunications industry
March 1984 – June 1999 (15 years 4 months)
I have combined my executive talents in organizational leadership and global sales experience to help establish and direct operational improvements responsible for improving margin while generating in excess of $60 million in revenues for a domestic and international wireless carrier. My bottom-line contributions to corporate profits have been rewarded with increasing responsibilities, rapid promotions and a generous salary package, affording me the opportunity in 1999 to move to Idaho and focus my efforts on raising my family. I have doing consulting work and have just recently sold a successful real estate company.
John Griffith's Additional Information
Websites:
* Portfolio
* China Green Pages Launch
* Company Website
Interests:
Facilitating paradigm shifts, leading people toward success, golf, downhill skiing, boating, travel.
Interesting opinion.
I believe that William Yuan will be found guilty of unauthorized issuance of MDGC shares and forced to make amends.
This will result in a retiring of shares IMO.
Indeed. Just looking at his lawsuit and his extravagant lifestyle shows he was using MDGC shareholders as a personal ATM. His dilution appears to have been for his own personal gain and now PFH has highlighted the potential unauthorized issuance of shares by WY.
Compare that to the humble lifestyle of the current CEO of MediaG3, Mr. Val Westergard, and you can see a night and day difference.
Recent financials show that shares are only being issued to cover necessary debt and recent news shows that VW is working to develop and implement a hybrid system with MeshGlobal utilizing MediaG3/Wytec patents to generate revenue for the company.
Teaming with IDCS also provides potential for future projects should the hybrid system get a green light.
Certainly an interesting time for MediaG3 shareholders.
Indeed! Put me in that group as I would like to know what caused the cliff dive. To this point there are only rumors, but only Dee Van Tassel registered to sell which is why most believe he was the seller.
MediaG3 shareholders deserve to know the truth.
What a coincidence!
Dee Van Tassel and William Yuan tied together once again.
It was rumored that DVT was the heavy seller dumping his shares of MDGC.
I believe a lot of things will become very clear with this lawsuit as William Yuan has certainly drawn a lot of attention to himself.
You can't point your finger at someone and not expect to have some pointed at you as well.
If it can be proven that William Yuan illegally issued shares of MediaG3 stock then he should certainly be held accountable.
PFH, all of the dates that Cassandra has shown for the massive dilution was Dec 9, 2009 and prior.
Obviously this dilution does not fall on Val Westergards' shoulders, but rather William Yuan as you have noted or possibly Joe Anzalone.
Joe Anzalone was President of MediaG3 until atleast December 22, 2009 as shown in this PR.
http://markets.hpcwire.com/taborcomm.hpcwire/news/read?GUID=11228503&ChannelID=3198
Joe Anzalone was hired at his new job on January 12, 2010 as shown in this PR.
https://www.newresourcebank.com/press_release/new-resource-bank-appoints-svp-lead-commercial-banking-group
It will be interesting to see William Yuan is held accountable for his illegal authorization of shares.
Not buying it. I don't have much time to dig as I have to run right now, but below is a PR from December 2009 from Joe Anzalone and MediaG3.
MediaG3 Management Outlines Corporate Developments of 2009 and Highlights Plans for the 2010 Operating Year
http://markets.hpcwire.com/taborcomm.hpcwire/news/read?GUID=11228503&ChannelID=3198
SANTA CLARA, CA -- (Marketwire) -- 12/22/09 -- MediaG3, Inc. (PINKSHEETS: MDGC), announces today that the Company wishes to express gratitude to its loyal investors for the capital market support of the company as it prepares for exciting growth structured for 2010.
MediaG3 President, Joseph Anzalone stated the following: "2009 was a turbulent year for most companies as we all struggled with the challenges of this volatile economic environment. Notwithstanding these challenges, MediaG3 made great strides in the development of its business and operating plan, which is expected to yield prosperous and exciting results in 2010."
The Company accomplished streamlining its operations for efficiency in serving the broadband markets we had previously announced, as well as positioning the Company for further expansion in 2010 to provide a powerful WiMax services platform to our portfolio of wireless technology. Our Company is poised for exponential growth in the year to come," added Mr. Anzalone.
"Though the capital markets have been unpredictable, and in some respects, have resulted in a disappointing share price for investors, we believe that investors who have a longer term perspective will be accordingly rewarded as the Company continues to build momentum and the market begins to reflect its increasing value," concluded Mr. Anzalone.
Below are the current corporate statistics as reported on PinkSheets.com:
-- Estimated Market Cap $8.58M as of Dec 22, 2009
-- Outstanding Shares 858,195,378 as of Dec 22, 2009
-- Authorized Shares 1,000,000,000 as of Dec 22, 2009
-- Float(shares) 259,934,822 as of Dec 22, 2009
-- Number of Shareholders of Record 170 as of Dec 22, 2009
Any questions regarding these figures can be directed to First American Stock Transfer in Phoenix, Az. at 602 485 1346.
The Company recently announced that it had obtained research concluding with a buy recommendation from Cohen Independent Research Group, Inc. As reported, "We (MediaG3) expect robust revenue growth from $7.4 million in 2010 to $39.1 in 2014 representing a CAGR of 51.6%. Our model assumes the Company raises capital through equity/debt of approximately $15.0 million during this period. The Company is eligible to receive grants from the US government. Operating margins are expected to increase from 22% in 2010 to 29% in 2014. We have valued the stock using Discounted Cash Flow (DCF) method to arrive at our long-term price target of $0.086, reflecting forward P/E multiples of 12.8x and 6.8x our estimated 2011 and 2012 EPS, respectively," says Cohen Research Group.
This puts the Company's value in the realm of ten times higher than its current trading range. The entirety of the Cohen Research report for MediaG3, Inc. is available on MediaG3 web site (www.mediag3.com) and Cohen Independent Research, Inc. (http://www.grassrootsrd.com/CompanyDetails.aspx?cid=40).
Furthermore, The Company reports that the China Pilot Project currently underway plan to serve 44M people in Yunnan province through our commercial operator, Yunnan Provincial Cable Company. The commercialization of MediaG3's China plan also includes an opportunity to showcase MediaG3's WiMax services platform in parts of rural China, markets which are showing substantial broadband demand and growth over the coming years.
Milmex Systemy Komputerowe and Airspan Networks Partner for a 4G Mobile Network in Poland
http://www.reuters.com/article/2011/08/04/idUS155719+04-Aug-2011+MW20110804
BOCA RATON, Fla./SOSNOWEIC, Poland, August 4, 2011 – Airspan Networks Inc., a leading provider of broadband wireless access networks, and Milmex Systemy Komputerowe, one of Poland’s largest systems integrators, announced today the launch of a countrywide 4G mobile communications network incorporating Airspan’s Air4G WiMAX/LTE cutting-edge technology. The total initial investment by Milmex, including Airspan infrastructure, is over $25 million for the first phase deployment of their network.
Airspan’s Air4G base station delivers LTE and WiMAX functionality with the capability of running both platforms simultaneously. Milmex is combining Air4G with the latest and most robust core network products available to enable customers to enjoy true 4G broadband connectivity in urban and rural Polish regions alike.
Operating in the 3.5 GHz band, the solution is a fully compact, outdoor, all-in-one base station which allows for quick and easy deployment. Its low power consumption means a greener, more environmentally friendly operation. With lower capital and operating costs, Air4G enables Milmex to maximize its return on investment and achieve a faster market penetration rate, satisfying the growing demand for bandwidth across Poland.
“Milmex has been an ideal and visionary partner for this Poland deployment,” commented Amit Ancikovsky, President, Sales and Products at Airspan Networks. “Poland faces many deployment challenges, but has been one of the faster growing broadband connectivity nations in Europe. The Polish population is constantly demanding newer, faster, more reliable connectivity. We are very proud of our growing relationship with Milmex and are looking forward to the continued deployment of this ambitious project.”
Zbigniew Krzysko, President of the Board at Milmex Systemy Komputerowe, added, “We selected Airspan, a 4G equipment vendor that could provide not only the best 4G equipment and features but also the company with the strongest product roadmap, ensuring a reliable, robust and future-proof network.”
Airspan provides a wide range of products operating in the 700 MHz band up to the 6 GHz band and combines multi-platform solutions including WiMAX, LTE, GSM and backhaul.
About Milmex
Milmex Systemy Komputerowe specializes in delivering comprehensive business solutions, which include access to the Internet, VoIP phone, ERP/CRM/BI class systems, integrated software, hardware, computer networks and consulting services and training. Milmex is one of the most significant information systems integrator in southern Poland. Established twenty years ago, the Company’s local development of information technology, economical and political changes and good operating strategy have contributed to its fast growth and success.
About Airspan Networks Inc.
Airspan (OTC Markets: AIRO) is a leading 4G wireless solution provider. With over 500 customers in over 100 countries and as a top vendor for carrier-class broadband wireless solutions, Airspan is recognized as a leader and pioneer in 4G and broadband wireless technologies. Providing an expansive product portfolio, Airspan offers customers the widest selection of 4G products in the industry with an unsurpassed level of technology to benefit their business case. Airspan has solutions spanning the 700 MHz to 6 GHz frequency bands. http://www.airspan.com .
Oak Investment Partners XI, Limited Partnership holds a controlling interest in Airspan. Airspan is not subject to the informational reporting requirements of the Securities Exchange Act of 1934 and, accordingly, does not file reports, financial statements, proxy statements, information statements or other information with the Securities and Exchange Commission. This press release contains forward-looking statements. All statements, other than statements of historical facts, including statements regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, may be deemed to be forward-looking statements. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions or negative variations thereof are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. Investors and others are therefore cautioned that a variety of factors, including certain risks, may affect our business and cause actual results to differ materially from those set forth in the forward-looking statements. We do not assume any obligation to update any forward-looking statements.
For Media Inquiries, contact:
Dori Erann
VP of Marketing
Airspan Networks Inc.
Tel. +1 561.893.8687
Email: derann@airspan.com
Rackspace Hosting Reports Second Quarter 2011 Results
http://www.businesswire.com/news/home/20110804006780/en/Rackspace-Hosting-Reports-Quarter-2011-Results
For the quarter ended June 30, 2011:
* Net revenue of $247.2 million grew 32% year-over-year and 7.5% from Q1 2011
* Adjusted EBITDA (1) of $81.6 million grew 31% year-over-year and 7.5% from Q1 2011
* Net income of $17.6 million grew 57% year-over-year and 27% from Q1 2011
SAN ANTONIO--(BUSINESS WIRE)--Rackspace® Hosting, Inc. (NYSE: RAX), the world's leading specialist in the hosting and cloud computing industry, announced financial results for the quarter ended June 30, 2011.
Net revenue for the second quarter of 2011 was $247.2 million, up 7.5% from the previous quarter and 32.0% from the second quarter of 2010. Net revenue for the second quarter of 2011 was positively impacted by currency exchange rates when compared to the first quarter of 2011 by $1.1 million and the second quarter of 2010 by $5.1 million.
Total server count increased to 74,028, up from 70,473 servers at the end of the previous quarter, and total customers increased to 152,578, up from 142,441 at the end of the previous quarter.
“This past quarter we made good progress toward our goal of accelerating revenue growth while strengthening the business. While we still have lots to accomplish throughout the year, we remain on the right track to achieve our goals for 2011,” said Karl Pichler, chief financial officer.
Adjusted EBITDA for the quarter was $81.6 million, a 7.5% increase compared to the first quarter of 2011 and a 31% increase compared to the second quarter of 2010. The adjusted EBITDA margin for the quarter was 33.0% compared to 33.0% for the previous quarter and 33.2% for the second quarter of 2010. Adjusted EBITDA and adjusted EBITDA margin were negatively impacted by a non-cash charge of $2.8 million for the quarter relating to data center operating leases.
Net income was $17.6 million for the quarter, up 27.1% from the previous quarter and 56.8% from the second quarter of 2010. Net income margin for the quarter was 7.1% compared to 6.0% for the previous quarter and 6.0% in the second quarter of 2010.
Cash flow from operating activities was $79 million for the second quarter of 2011. Capital expenditures were $95 million, including $49 million for purchases of customer gear, $17 million for data center build outs, $14 million for office build outs and $15 million for capitalized software and other projects.
Adjusted free cash flow (1) for the quarter was $(18) million.
At the end of the second quarter of 2011, cash and cash equivalents were $132 million. Debt obligations totaled $139 million, consisting of $137 million related to capital leases and $2 million related to current and non-current debt.
On a worldwide basis, Rackspace employed 3,712 Rackers as of June 30, 2011, up from 3,492 Rackers as of March 31, 2011 and 3,002 Rackers as of June 30, 2010.
“During the second quarter we grew faster and generated higher returns, while investing to help us become bigger and more profitable in the future,” said Lanham Napier, president and chief executive officer.
Rackspace Developments and Business Highlights
* Growing Momentum for OpenStack: With over 90 participating companies, the project continues to see major traction including its most recent code release, Cactus Code, accompanied by the Cactus Design Summit/OpenStack Conference in Santa Clara, CA, with over 500 attendees, 133 participating organizations and 217 developers. This event was followed by the announcement of Citrix’s Project Olympus, a new cloud infrastructure product based on OpenStack, which is designed to allow enterprises to quickly build and deploy OpenStack based clouds. Last month, we also began to see major traction of OpenStack in Europe. We held an OpenStack Day in London — the first for our community in Europe and had over 350 people in attendance.
* Domino’s Pizza Group chooses Rackspace: To help drive revenue and future growth, pizza delivery expert Domino’s Pizza Group has selected Rackspace to provide them with RackConnect, an integrated cloud hosting and dedicated managed hosting service. The service will give Domino’s a scalable and cost-effective platform that will support the execution of the company’s ambitious growth strategy and meet the evolving demands of its online business. Domino’s sought a hosting service that would meet the evolving demands of its online business, and allow its internal IT team to focus less on the maintenance of its online properties and business applications, and more on innovation.
* Launch of Hosted Virtual Desktop: In May, Rackspace announced the availability of Rackspace Hosted Virtual Desktop. The hosted virtual desktop platform utilizes Rackspace’s comprehensive hosting services and may be paired with industry leading desktop virtualization solutions from Citrix and other joint channel partners. The offering enables customers to host their virtual desktops on their choice of dedicated and/or cloud solutions.
* Continued European Cloud Growth: Since its launch in January, Rackspace’s UK cloud has been steadily growing and now has over 5,000 customers. To help meet this demand, the UK added new cloud services including Cloud Servers with managed service level and Cloud Load Balancers. The new UK offerings build upon Rackspace’s existing portfolio and are already available in the US.
Conference Call and Webcast
Management will host a conference call to discuss the results starting today at 4:30 p.m. ET.
To access the conference call, please dial 888-523-1227 from the United States or dial 719-325-2249 from abroad and reference pass code 4289158. A live webcast and a replay of the conference call will be available on Rackspace’s website, located at ir.rackspace.com.
About Rackspace Hosting
Rackspace Hosting is the service leader in cloud computing, and a founder of OpenStack, an open source cloud platform. The San Antonio-based company provides Fanatical Support® to its customers, across a portfolio of IT services, including Managed Hosting and Cloud Computing. Rackspace has been recognized by Bloomberg BusinessWeek as a Top 100 Performing Technology Company and was featured on Fortune’s list of 100 Best Companies to Work For. The company was also positioned in the Leaders Quadrant by Gartner Inc. in the “2010 Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting.” For more information, visit http://www.rackspace.com .
Cogent Communications Reports Second Quarter 2011 Results
http://www.prnewswire.com/news-releases/cogent-communications-reports-second-quarter-2011-results-126756698.html
WASHINGTON, Aug. 4, 2011 /PRNewswire/ --
Financial and Business Highlights
* Service revenue for Q2 2011 of $75.6 million – an increase of 2.9% from $73.5 million for Q1 2011 and an increase of 17.4% from $64.4 million for Q2 2010
o Foreign exchange positively impacts revenue growth from Q1 2011 to Q2 2011 by $0.9 million and positively impacts revenue growth from Q2 2010 to Q2 2011 by $2.2 million
* EBITDA, as adjusted, of $25.4 million for Q2 2011 - an increase of 4.8% from $24.2 million for Q1 2011 and an increase of 34.6% from $18.9 million for Q2 2010
* EBITDA, as adjusted, margin was 33.6% for Q2 2011, 33.0% for Q1 2011 and 29.3% for Q2 2010
* 27,724 customer connections on the Cogent network at the end of Q2 2011 - an increase of 6.0% from 26,145 customer connections at the end of Q1 2011 and an increase of 18.6% from 23,376 customer connections at the end of Q2 2010
* 1,669 on-net buildings on the Cogent network at the end of Q2 2011 - an increase of 60 on-net buildings and 3.7% from 1,609 on-net buildings at the end of Q1 2011 and an increase of 166 on-net buildings and 11.0% from 1,503 on-net buildings at the end of Q2 2010
* Operating income for Q2 2011 of $8.7 million – an increase of 17.8% from $7.4 million for Q1 2011 and an increase of 190.9% from $3.0 million for Q2 2010
Cogent Communications Group, Inc. (NASDAQ: CCOI) today announced service revenue of $75.6 million for the three months ended June 30, 2011, an increase of 2.9% over $73.5 million for the three months ended March 31, 2011 and an increase of 17.4% over $64.4 million for the three months ended June 30, 2010.
(Logo: http://photos.prnewswire.com/prnh/20020204/DCM032LOGO )
On-net revenue was $58.0 million for the three months ended June 30, 2011 an increase of 2.2% over $56.8 million for the three months ended March 31, 2011 and an increase of 15.4% over $50.3 million for the three months ended June 30, 2010. On-net service is provided to customers located in buildings that are physically connected to Cogent's network by Cogent facilities.
Off-net revenue was $16.8 million for the three months ended June 30, 2011 an increase of 5.2% over $16.0 million for the three months ended March 31, 2011 and an increase of 25.5% over $13.4 million for the three months ended June 30, 2010. Off-net customers are located in buildings directly connected to Cogent's network using other carriers' facilities and services to provide the last mile portion of the link from the customers' premises to Cogent's network.
Non-core revenue was $0.8 million for the three months ended June 30, 2011, $0.7 million for the three months ended March 31, 2011 and $0.8 million for the three months ended June 30, 2010. Non-core services are legacy services, which Cogent acquired and continues to support but does not actively sell.
Gross profit, excluding equity-based compensation expense, increased 1.5% to $42.5 million for the three months ended June 30, 2011 from $41.8 million for the three months ended March 31, 2011 and increased 20.4% from $35.3 million for the three months ended June 30, 2010. Gross profit margin, excluding equity-based compensation expense, was 56.2% for the three months ended June 30, 2011, 56.9% for the three months ended March 31, 2011, and 54.8% for the three months ended June 30, 2010.
Earnings before interest, taxes, depreciation and amortization (EBITDA), as adjusted, increased 4.8% to $25.4 million for the three months ended June 30, 2011 from $24.2 million for the three months ended March 31, 2011 and increased 34.6% from $18.9 million for the three months ended June 30, 2010. EBITDA, as adjusted, margin was 33.6% for the three months ended June 30, 2011, 33.0% for the three months ended March 31, 2011, and 29.3% for the three months ended June 30, 2010.
Basic and diluted net income (loss) per share was $0.05 for the three months ended June 30, 2011, $(0.01) for the three months ended March 31, 2011 and $(0.02) for the three months ended June 30, 2010. A gain of $2.7 million on the release of a lease obligation is included in net income for the three months ended June 30, 2011.
Total customer connections increased 6.0% to 27,724 as of June 30, 2011 from 26,145 as of March 31, 2011 and increased 18.6% from 23,376 as of June 30, 2010. On-net customer connections increased 6.8% to 23,360 as of June 30, 2011 from 21,878 as of March 31, 2011 and increased 21.7% from 19,193 as of June 30, 2010. Off-net customer connections were 3,759 as of June 30, 2011, 3,642 as of March 31, 2011 and 3,408 as of June 30, 2010. Non-core customer connections were 605 as of June 30, 2011, 625 as of March 31, 2011 and 775 as of June 30, 2010.
The number of on-net buildings increased by 60 on-net buildings to 1,669 on-net buildings as of June 30, 2011 from 1,609 on-net buildings as of March 31, 2011, and increased by 166 on-net buildings from 1,503 on-net buildings as of June 30, 2010.
Conference Call and Website Information
Cogent will host a conference call with financial analysts at 8:30 a.m. (ET) on August 4, 2011 to discuss Cogent's operating results for the second quarter of 2011 and Cogent's expectations for full year 2011. Investors and other interested parties may access a live audio webcast of the earnings call under "Events" at the Investor Relations section of Cogent's website at www.cogentco.com/events. A replay of the webcast, together with the press release, will be available on the website following the earnings call.
About Cogent Communications
Cogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP. Cogent specializes in providing businesses with high speed Internet access and point-to-point transport services. Cogent's facilities-based, all-optical IP network backbone provides IP services in over 165 markets located in North America and Europe.
Cogent Communications is headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For more information, visit http://www.cogentco.com. Cogent Communications can be reached in the United States at (202) 295-4200 or via email at info@cogentco.com.
I provided confirmation in a previous post that Val Westergard was NOT CEO for MediaG3 until early 2010.
(April 2010 according to the filing)
Joe Anzalone superseded William Yuan.
Please reference: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62389975
Sure did!
Everyone knows you can't sue a company with no businesses, no cash, no revenue etc.
Hmm, maybe William Yuan knows something we don't know.
Looks like he asked for everything but the kitchen sink.
I sense some desperation on his part.
Is MediaG3 on the verge of something BIG and William Yuan caught wind of it?
Has William dumped all of his shares expecting MediaG3 to just go away and now he believes something worthwhile might be coming down the pipe?
Only time will tell as his claims and requests are outlandish to say the least and I would expect a counter-suit.
Sometimes someone sells shares and makes a last ditch effort to get in before the ship sets sail.