Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sonus CEO says Redback sale good for industry:
Says proposed Ericsson purchase further legitimizes new technologies...
By Jeffry Bartash, MarketWatch
Last Update: 4:53 PM ET Dec 20, 2006
http://tinyurl.com/yysnd2
WASHINGTON (MarketWatch) - Sonus Networks Chief Executive Hassan Ahmed said Wednesday that Ericsson LM's proposed $2.1 billion acquisition of Redback Networks Inc. could accelerate the migration toward "next-generation" network technology and lead to all kinds of new services for consumers in a few years.
The decision to purchase Redback (RBAK), Ahmed said, indicates that Ericsson and other traditional equipment vendors are finally realizing the potential of the new technologies.
"Incumbent suppliers are waking up and moving the ball forward to build the broadband architecture of the future," the Sonus (SONS) CEO said in an interview with MarketWatch.
For decades, Ericsson (ERIC) has been a leading provider of circuit-switched or "legacy" equipment used in networks of large communications companies. Yet carriers are increasingly removing older gear and substituting new Internet-based technologies.
Internet-based technologies are cheaper to operate in the long run and better suited to enable phone or cable companies to offer the so-called triple play - voice, video and high-speed Internet service. In the U.S. and other developed nations, the race is on to see who can deliver all the services a customers needs, all on one bill.
The problem with older technologies, Ahmed said, is that they limit the choices of where and when a customer can receive a service. "There's only one way to watch your cable channel - on your TV," he said.
Newer network technologies, some of which are known as IP multimedia subsystems, would allow carriers newfound flexibility to tailor their services to the needs of each individual customer, he said. Any device connected to a network could receive virtually any service.
For example, customers could watch TV on their mobile phone or computer, or receive text or wireless messages on their television.
"IMS knows who you are and what services you can have," Ahmed said.
Sonus, based in Chelmsford, Mass., develops equipment that helps carriers to deliver Internet-based phone service. San Jose, Calif.-based Redback makes products that help network operators to deliver television and other services over the Internet. The companies are not direct competitors.
Like Redback, Sonus has developed a good reputation for its technology and products and has struck deals with four of the world's five largest network operators, Ahmed said. He estimate that about 20% of the world's Internet-telephone traffic crosses over technology supplied by Sonus.
Asked if Sonus has been approached by potential suitors, Ahmed declined to comment. He said the company is working every day to improve its products and believes Sonus could be a long-term competitor in the industry.
Competitors of Sonus include the much-larger Nortel Networks Inc. (NT) and Alcatel-Lucent (ALU), the recently combined French-American entity. One reason Alcatel sought to acquire Lucent was to gain access to its promising IMS-related technologies.
Jeffry Bartash is a reporter for MarketWatch in Washington.
I don't know about that 'mince'...
RBAK surprised the heck out of me by actually going up way above $25.00 today...
The buyout by Ericsson won't take effect until next year, so this one may still be in play for a while yet ;^)))
Sonus CEO says Redback sale good for industry:
Says proposed Ericsson purchase further legitimizes new technologies...
By Jeffry Bartash, MarketWatch
Last Update: 4:53 PM ET Dec 20, 2006
http://tinyurl.com/yysnd2
WASHINGTON (MarketWatch) - Sonus Networks Chief Executive Hassan Ahmed said Wednesday that Ericsson LM's proposed $2.1 billion acquisition of Redback Networks Inc. could accelerate the migration toward "next-generation" network technology and lead to all kinds of new services for consumers in a few years.
The decision to purchase Redback (RBAK), Ahmed said, indicates that Ericsson and other traditional equipment vendors are finally realizing the potential of the new technologies.
"Incumbent suppliers are waking up and moving the ball forward to build the broadband architecture of the future," the Sonus (SONS) CEO said in an interview with MarketWatch.
For decades, Ericsson (ERIC) has been a leading provider of circuit-switched or "legacy" equipment used in networks of large communications companies. Yet carriers are increasingly removing older gear and substituting new Internet-based technologies.
Internet-based technologies are cheaper to operate in the long run and better suited to enable phone or cable companies to offer the so-called triple play - voice, video and high-speed Internet service. In the U.S. and other developed nations, the race is on to see who can deliver all the services a customers needs, all on one bill.
The problem with older technologies, Ahmed said, is that they limit the choices of where and when a customer can receive a service. "There's only one way to watch your cable channel - on your TV," he said.
Newer network technologies, some of which are known as IP multimedia subsystems, would allow carriers newfound flexibility to tailor their services to the needs of each individual customer, he said. Any device connected to a network could receive virtually any service.
For example, customers could watch TV on their mobile phone or computer, or receive text or wireless messages on their television.
"IMS knows who you are and what services you can have," Ahmed said.
Sonus, based in Chelmsford, Mass., develops equipment that helps carriers to deliver Internet-based phone service. San Jose, Calif.-based Redback makes products that help network operators to deliver television and other services over the Internet. The companies are not direct competitors.
Like Redback, Sonus has developed a good reputation for its technology and products and has struck deals with four of the world's five largest network operators, Ahmed said. He estimate that about 20% of the world's Internet-telephone traffic crosses over technology supplied by Sonus.
Asked if Sonus has been approached by potential suitors, Ahmed declined to comment. He said the company is working every day to improve its products and believes Sonus could be a long-term competitor in the industry.
Competitors of Sonus include the much-larger Nortel Networks Inc. (NT) and Alcatel-Lucent (ALU), the recently combined French-American entity. One reason Alcatel sought to acquire Lucent was to gain access to its promising IMS-related technologies.
Jeffry Bartash is a reporter for MarketWatch in Washington.
Sonus CEO says Redback sale good for industry:
Says proposed Ericsson purchase further legitimizes new technologies...
By Jeffry Bartash, MarketWatch
Last Update: 4:53 PM ET Dec 20, 2006
http://tinyurl.com/yysnd2
WASHINGTON (MarketWatch) - Sonus Networks Chief Executive Hassan Ahmed said Wednesday that Ericsson LM's proposed $2.1 billion acquisition of Redback Networks Inc. could accelerate the migration toward "next-generation" network technology and lead to all kinds of new services for consumers in a few years.
The decision to purchase Redback (RBAK), Ahmed said, indicates that Ericsson and other traditional equipment vendors are finally realizing the potential of the new technologies.
"Incumbent suppliers are waking up and moving the ball forward to build the broadband architecture of the future," the Sonus (SONS) CEO said in an interview with MarketWatch.
For decades, Ericsson (ERIC) has been a leading provider of circuit-switched or "legacy" equipment used in networks of large communications companies. Yet carriers are increasingly removing older gear and substituting new Internet-based technologies.
Internet-based technologies are cheaper to operate in the long run and better suited to enable phone or cable companies to offer the so-called triple play - voice, video and high-speed Internet service. In the U.S. and other developed nations, the race is on to see who can deliver all the services a customers needs, all on one bill.
The problem with older technologies, Ahmed said, is that they limit the choices of where and when a customer can receive a service. "There's only one way to watch your cable channel - on your TV," he said.
Newer network technologies, some of which are known as IP multimedia subsystems, would allow carriers newfound flexibility to tailor their services to the needs of each individual customer, he said. Any device connected to a network could receive virtually any service.
For example, customers could watch TV on their mobile phone or computer, or receive text or wireless messages on their television.
"IMS knows who you are and what services you can have," Ahmed said.
Sonus, based in Chelmsford, Mass., develops equipment that helps carriers to deliver Internet-based phone service. San Jose, Calif.-based Redback makes products that help network operators to deliver television and other services over the Internet. The companies are not direct competitors.
Like Redback, Sonus has developed a good reputation for its technology and products and has struck deals with four of the world's five largest network operators, Ahmed said. He estimate that about 20% of the world's Internet-telephone traffic crosses over technology supplied by Sonus.
Asked if Sonus has been approached by potential suitors, Ahmed declined to comment. He said the company is working every day to improve its products and believes Sonus could be a long-term competitor in the industry.
Competitors of Sonus include the much-larger Nortel Networks Inc. (NT) and Alcatel-Lucent (ALU), the recently combined French-American entity. One reason Alcatel sought to acquire Lucent was to gain access to its promising IMS-related technologies.
Jeffry Bartash is a reporter for MarketWatch in Washington.
BAD Call on my part...I'm out...
The Naz is dumping and that didn't help any...
AKAM may be trying to bottom here...
As it's oversold and at the bottom Bollie Band on the 15 minute chart...
I'm IN at 55.75 and will bail out if it breaks below today's intraday low of 55.61
News for 'RBAK' - (*DJ RedBack Networks Cut To Hold At Morgan Joseph >RBAK)
(END) Dow Jones Newswires
December 20, 2006 10:35 ET (15:35 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.- - 10 35 AM EST 12-20-06
Wall Street set for further gains:
By Michael Mackenzie
Last Update: 8:50 AM ET Dec 20, 2006
US stocks were set for a higher open on Wednesday, with renewed deal activity and a better tone in global markets boosting index futures.
Less than an hour before the opening bell, stock index futures were trading above fair value.
S&P 500 futures were up 1.6 points at 1437.70 while Nasdaq futures were up 4.8 points at 1808.
Fair value for the S&P 500 is 1436 and 1805.33 for the Nasdaq.
Futures for the Dow Jones Industrial Average were up 9 points at 12,560. On Tuesday, the Dow closed up 0.2 per cent or 30.05 points at a record close of 12,471.32
In the latest deal news, Ericsson, announced plans to buy Redback Networks for $2.1bn. The data network vendor's shares had surged 17.7 per cent to $24.91 in pre-market trade.
Late on Tuesday, Harrah's, the casino operator confirmed a private equity buy-out at $90 a share. Its shares were steady at $82.30
Shares in FedEx were down 3.6 per cent at $109.90 in pre-market trade, after the delivery shipping company reported fiscal second quarter earnings of $1.64 a share, that were well below a forecast $1.76 a share.
Nike and Bed Bath and Beyond report earnings after the closing bell.
Stocks made a mixed showing on Tuesday, with blue chips and the energy sector leading gains, while technology and telecoms lagged.
The S&P 500 index settled up 0.2 per cent, or 3.07 points at 1,425.55, with stocks in the energy and materials sectors helping lead the index off its lows. The information technology and telecommunications sectors remained in the red for the day. The Nasdaq Composite was 0.3 per cent, or 6.02 points, weaker at 2,429.55
I just knew I had a Winner! when I found RBAK...
In June of last year...
Any company that goes "profitable" for the first time ever is usually a good one to buy...RBAK has been a great one for us in both the Long Term Hold account, and I've been having a blast Day Trading it almost daily (along with AKAM-my "other" favorite stock)...
This news of a buyout by Ericsson came as a complete surprise!...
We had a rough spell there for a while with the Options Investigation and the pps fell to $12.50 in June, but look at it now!...It's DOUBLED since then...
I had a "feeling" it was on it's way back up to $25.00 soon, but this buyout news made that trip all the faster...
For the "Congratulations!!!" ;^))
RBAK-Redback Networks up 17% at $24.85 in pre-open...
By MarketWatch
12/20/2006 08:09:26 AM
U.S. stock futures rise on tech hopes, Asia rally:
Ericsson buying Redback for $2.1 billion in deal that will challenge Cisco...
By Steve Goldstein, MarketWatch
Last Update: 8:06 AM ET Dec 20, 2006
http://tinyurl.com/yxjopv
LONDON (MarketWatch) -- U.S. stock futures advanced on Wednesday, on hopes for technology sector gains after Ericsson agreed to buy a network hardware company and by a recovery in Asian stock markets after Thailand's government reversed course on a widely-derided decision to limit foreign investment.
S&P 500 futures rose 2.10 points at 1,438.30 and Nasdaq 100 futures rose 7.00 points at 1,810.25. Dow industrial futures gained 12 points at 12,563.
On Tuesday, the Dow industrials hit a record high, led by gains in the energy sector on a rise in crude oil prices. The Dow rose 30 points, the S&P 500 rose 3 points, while the Nasdaq Composite lost 6 points.
Asian stocks reversed Tuesday's losses, after Thailand's government reversed a decision on capital controls.
Thailand's benchmark SET index rallied 11% -- though that didn't fully offset Monday's losses -- and the Nikkei 225 advanced 1.4% in Tokyo. European stock markets also rose on Wednesday. Read more about Thailand's rebound.
Crude oil futures rose 38 cents at $63.84 a barrel after Tuesday's gains, with weekly energy data on tap. Analysts expect gasoline inventories to rise.
The euro rose slightly on the dollar, while the dollar was flat against the yen.
Of companies in focus, Ericsson (ERIC) agreed to buy Redback Networks (RBAK) for $2.1 billion cash, an 18% premium to Tuesday's close. The deal in part will allow the Swedish telecommunications equipment maker to more closely compete against Cisco Systems (CSCO).
Redback shares rallied 17% at $24.32 in pre-open trading, while Ericsson advanced 0.8% to $40.91
Juniper Technologies (JNPR), which was downgraded by CIBC World Markets, slipped 2.1% at $18.81
Cisco was unchanged at $27.64
Arcelor Mittal (MT) continued steel sector consolidation with its deal to buy Mexico's Sicartsa for $1.44 billion from Grupo Villacero. Mittal shares tacked on 1.5% to $42.03 ahead of the open.
Harrah's Entertainment (HET) late Tuesday agreed to be bought by two private-equity firms for $90 a share in cash, or $27.8 billion when including assumed debt. Texas Pacific Group and Apollo Management topped a bid from Penn National Gaming (PENN), according to published reports.
Outside of M&A, Dell Computer (DELL) late Tuesday named Donald Carty as its new chief financial officer, replacing James M. Schneider. The move is effective Jan. 1 and comes amid a probe into stock options accounting. The stock edged up 2 cents to $26.14 in pre-open trading.
Pepsi Bottling (PBG) forecast 2007 earnings for the first time with a per-share forecast between $1.92 and $2 a share that came in below Wall Street estimates. It held to its 2006 outlook.
Ford Motor (F) was upgraded, for a second-straight day, by KeyBanc Capital to hold from sell. Analyst Brett Hoselton said that while fundamentals aren't expected to improve meaningfully in 2007, he does see earnings deterioration at the automaker tapering off.
Greenbrier Companies (GBX) said fiscal first-quarter earnings would miss its earlier expectations due to weakness at its North American railcar making unit.
Women's clothing retailer Christopher & Banks (CBK) forecast fourth-quarter earnings below consensus estimates.
Medical products maker FoxHollow Technologies (FOXH) cut its fourth-quarter sales outlook. Merck & Co. (MRK) last month bought an 11% stake in the company.
Quarterly results are due from FedEx (FDX), Darden Restaurants (DRI), and after the close of trading, Nike Inc. (NKE) and Bed Bath and Beyond (BBBY).
Steve Goldstein is MarketWatch's London bureau chief.
U.S. stock futures rise on tech hopes, Asia rally:
Ericsson buying Redback for $2.1 billion in deal that will challenge Cisco...
By Steve Goldstein, MarketWatch
Last Update: 8:06 AM ET Dec 20, 2006
http://tinyurl.com/yxjopv
LONDON (MarketWatch) -- U.S. stock futures advanced on Wednesday, on hopes for technology sector gains after Ericsson agreed to buy a network hardware company and by a recovery in Asian stock markets after Thailand's government reversed course on a widely-derided decision to limit foreign investment.
S&P 500 futures rose 2.10 points at 1,438.30 and Nasdaq 100 futures rose 7.00 points at 1,810.25. Dow industrial futures gained 12 points at 12,563.
On Tuesday, the Dow industrials hit a record high, led by gains in the energy sector on a rise in crude oil prices. The Dow rose 30 points, the S&P 500 rose 3 points, while the Nasdaq Composite lost 6 points.
Asian stocks reversed Tuesday's losses, after Thailand's government reversed a decision on capital controls.
Thailand's benchmark SET index rallied 11% -- though that didn't fully offset Monday's losses -- and the Nikkei 225 advanced 1.4% in Tokyo. European stock markets also rose on Wednesday. Read more about Thailand's rebound.
Crude oil futures rose 38 cents at $63.84 a barrel after Tuesday's gains, with weekly energy data on tap. Analysts expect gasoline inventories to rise.
The euro rose slightly on the dollar, while the dollar was flat against the yen.
Of companies in focus, Ericsson (ERIC) agreed to buy Redback Networks (RBAK) for $2.1 billion cash, an 18% premium to Tuesday's close. The deal in part will allow the Swedish telecommunications equipment maker to more closely compete against Cisco Systems (CSCO).
Redback shares rallied 17% at $24.32 in pre-open trading, while Ericsson advanced 0.8% to $40.91
Juniper Technologies (JNPR), which was downgraded by CIBC World Markets, slipped 2.1% at $18.81
Cisco was unchanged at $27.64
Arcelor Mittal (MT) continued steel sector consolidation with its deal to buy Mexico's Sicartsa for $1.44 billion from Grupo Villacero. Mittal shares tacked on 1.5% to $42.03 ahead of the open.
Harrah's Entertainment (HET) late Tuesday agreed to be bought by two private-equity firms for $90 a share in cash, or $27.8 billion when including assumed debt. Texas Pacific Group and Apollo Management topped a bid from Penn National Gaming (PENN), according to published reports.
Outside of M&A, Dell Computer (DELL) late Tuesday named Donald Carty as its new chief financial officer, replacing James M. Schneider. The move is effective Jan. 1 and comes amid a probe into stock options accounting. The stock edged up 2 cents to $26.14 in pre-open trading.
Pepsi Bottling (PBG) forecast 2007 earnings for the first time with a per-share forecast between $1.92 and $2 a share that came in below Wall Street estimates. It held to its 2006 outlook.
Ford Motor (F) was upgraded, for a second-straight day, by KeyBanc Capital to hold from sell. Analyst Brett Hoselton said that while fundamentals aren't expected to improve meaningfully in 2007, he does see earnings deterioration at the automaker tapering off.
Greenbrier Companies (GBX) said fiscal first-quarter earnings would miss its earlier expectations due to weakness at its North American railcar making unit.
Women's clothing retailer Christopher & Banks (CBK) forecast fourth-quarter earnings below consensus estimates.
Medical products maker FoxHollow Technologies (FOXH) cut its fourth-quarter sales outlook. Merck & Co. (MRK) last month bought an 11% stake in the company.
Quarterly results are due from FedEx (FDX), Darden Restaurants (DRI), and after the close of trading, Nike Inc. (NKE) and Bed Bath and Beyond (BBBY).
Steve Goldstein is MarketWatch's London bureau chief.
U.S. stock futures rise on tech hopes, Asia rally:
Ericsson buying Redback for $2.1 billion in deal that will challenge Cisco...
By Steve Goldstein, MarketWatch
Last Update: 8:06 AM ET Dec 20, 2006
http://tinyurl.com/yxjopv
LONDON (MarketWatch) -- U.S. stock futures advanced on Wednesday, on hopes for technology sector gains after Ericsson agreed to buy a network hardware company and by a recovery in Asian stock markets after Thailand's government reversed course on a widely-derided decision to limit foreign investment.
S&P 500 futures rose 2.10 points at 1,438.30 and Nasdaq 100 futures rose 7.00 points at 1,810.25. Dow industrial futures gained 12 points at 12,563.
On Tuesday, the Dow industrials hit a record high, led by gains in the energy sector on a rise in crude oil prices. The Dow rose 30 points, the S&P 500 rose 3 points, while the Nasdaq Composite lost 6 points.
Asian stocks reversed Tuesday's losses, after Thailand's government reversed a decision on capital controls.
Thailand's benchmark SET index rallied 11% -- though that didn't fully offset Monday's losses -- and the Nikkei 225 advanced 1.4% in Tokyo. European stock markets also rose on Wednesday. Read more about Thailand's rebound.
Crude oil futures rose 38 cents at $63.84 a barrel after Tuesday's gains, with weekly energy data on tap. Analysts expect gasoline inventories to rise.
The euro rose slightly on the dollar, while the dollar was flat against the yen.
Of companies in focus, Ericsson (ERIC) agreed to buy Redback Networks (RBAK) for $2.1 billion cash, an 18% premium to Tuesday's close. The deal in part will allow the Swedish telecommunications equipment maker to more closely compete against Cisco Systems (CSCO).
Redback shares rallied 17% at $24.32 in pre-open trading, while Ericsson advanced 0.8% to $40.91
Juniper Technologies (JNPR), which was downgraded by CIBC World Markets, slipped 2.1% at $18.81
Cisco was unchanged at $27.64
Arcelor Mittal (MT) continued steel sector consolidation with its deal to buy Mexico's Sicartsa for $1.44 billion from Grupo Villacero. Mittal shares tacked on 1.5% to $42.03 ahead of the open.
Harrah's Entertainment (HET) late Tuesday agreed to be bought by two private-equity firms for $90 a share in cash, or $27.8 billion when including assumed debt. Texas Pacific Group and Apollo Management topped a bid from Penn National Gaming (PENN), according to published reports.
Outside of M&A, Dell Computer (DELL) late Tuesday named Donald Carty as its new chief financial officer, replacing James M. Schneider. The move is effective Jan. 1 and comes amid a probe into stock options accounting. The stock edged up 2 cents to $26.14 in pre-open trading.
Pepsi Bottling (PBG) forecast 2007 earnings for the first time with a per-share forecast between $1.92 and $2 a share that came in below Wall Street estimates. It held to its 2006 outlook.
Ford Motor (F) was upgraded, for a second-straight day, by KeyBanc Capital to hold from sell. Analyst Brett Hoselton said that while fundamentals aren't expected to improve meaningfully in 2007, he does see earnings deterioration at the automaker tapering off.
Greenbrier Companies (GBX) said fiscal first-quarter earnings would miss its earlier expectations due to weakness at its North American railcar making unit.
Women's clothing retailer Christopher & Banks (CBK) forecast fourth-quarter earnings below consensus estimates.
Medical products maker FoxHollow Technologies (FOXH) cut its fourth-quarter sales outlook. Merck & Co. (MRK) last month bought an 11% stake in the company.
Quarterly results are due from FedEx (FDX), Darden Restaurants (DRI), and after the close of trading, Nike Inc. (NKE) and Bed Bath and Beyond (BBBY).
Steve Goldstein is MarketWatch's London bureau chief.
MidnightTrader's Pre-Market News Movers:
Midnight Trader
08:19 a.m. 12/20/2006
Boston, Dec 20, 2006 (MidnightTrader via COMTEX) -- Some of the stocks moving on news-driven events in today's pre-market include:
JNPR, -1.5%
RBAK, +17.5%
PANC, -34.4%
FFHL, +6%
KOSN, +15.5%
EPCT, +8.9%
NFLD, -52.1%
FDX, -2.7%
BEAS, +1.1%
KMX, +8%
SMOD, +4.8%
PALM, -0.3%
FOXH, -9.9%
PMTI, -1.3%
FSII, -3.8%
GILD, +1.3%
GE, +0.5%
http://www.midnighttrader.com
MidnightTrader's Pre-Market News Movers:
Midnight Trader
08:19 a.m. 12/20/2006
Boston, Dec 20, 2006 (MidnightTrader via COMTEX) -- Some of the stocks moving on news-driven events in today's pre-market include:
JNPR, -1.5%
RBAK, +17.5%
PANC, -34.4%
FFHL, +6%
KOSN, +15.5%
EPCT, +8.9%
NFLD, -52.1%
FDX, -2.7%
BEAS, +1.1%
KMX, +8%
SMOD, +4.8%
PALM, -0.3%
FOXH, -9.9%
PMTI, -1.3%
FSII, -3.8%
GILD, +1.3%
GE, +0.5%
http://www.midnighttrader.com
Form 4: Update Filing for Composite Technology Corp (CPTC)
Vickers Stock Research
8:13 p.m. 12/19/2006
Dec 19, 2006 (Vickers Stock Research via COMTEX) -- Document Processing Date: December 18, 2006
Stock Name: Composite Technology Corp Stock CUSIP: 20461S108
Filer: WILCOXON, BENTON H. Position: Chief Executive Officer
Stock Symbol: CPTC Exchange:
OTC Stock Type: COM
Transaction period: December 18, 2006
Trade amount: 108000 shares
Trade type: Sell
Trade price range: $1.000 to $1.060
Shares still held: 18781312 shares
Own Type: Direct
I'll take San Diego to win this week Pops...
Good Luck To ALL this week ;^))
I know...NO More RBAK...Darn it!...
Don't you think there will be some massive profit taking in the pre-market and regular sessions tomorrow from people that just made four bucks when they wake up???...
I sure as heck wouldn't even think about going short on it right now though...lol
Maybe it will dip enough over the next few days to get a good entry on it...
But you're right...I still LOVE AKAM because it moves dollars a day in either direction...
I'll be looking for the next RBAK starting right now...How about Seagate (STX)?...This one looks primed for a breakout up...It usually has a really good Q4 too...
Most of the Technical Indicators are turning up except the CCI (for some strange reason)...If it starts to get big Volume, I think this one should break up out of this trading range...If the ADX's DMI's cross soon, that would be a nice Bullish sign ;^))
RBAK bounced up off of the low 19's today because...
It had reached the lower Bollie Band on the hourly chart and it was below the lower BB on the 15 and 30 minute charts...
That's where I covered my ss today, but didn't get in for the dcb and then the breakout up of the consolidation in an uptrend at 1pm...
I wish I had a crystal ball sometimes...lol
This buyout news tonight came out of left field and caught us all by total surprise...
LOOK AT RBAK'S CHART IN AFTER-HOURS...
On this BUYOUT NEWS!...
I just got home from dinner out with the wife, and now I wish we had stayed home to see this news hit the wires...There was some good money to be made in the after-hours session even after the halt was lifted, but it just now closed...
boofreakin'hoo...lol
Now, the question is: Since it's being bought for $25/share, is there anything else the pps will do tomorrow to surprise us???...
LOOK AT RBAK'S CHART IN AFTER-HOURS...
On this BUYOUT NEWS!...
LOOK AT RBAK'S CHART IN AFTER-HOURS...
On this BUYOUT NEWS!...
Invitation to Ericsson Press and Analyst Conferences:
Last Update: 7:19 PM ET Dec 19, 2006
STOCKHOLM, SWEDEN, Dec 19, 2006 (MARKET WIRE via COMTEX) -- Ericsson (ERIC) and Redback Networks Inc. (RBAK) have today announced that they have signed a definitive agreement under which Ericsson will acquire Redback for USD 25.00 per share, or an aggregate price of approximately USD 1.9 billion. The offer represents a premium of 60 percent to Redback's [90-day] volume weighted average stock price.
PRESS CONFERENCE AND LIVE WEBCAST:
The press conference will begin at 9am CET (8am UK time, 3am EST and 5pm local time Japan) at Ericsson headquarters, Torshamnsgatan 23, Kista, Sweden. Ericsson President and CEO Carl-Henric Svanberg will comment on the announcement and take questions.
A live webcast of the press conference will be available on the internet at
www.ericsson.com/investors
and
www.ericsson.com/press
CONFERENCE CALL FOR ANALYSTS, INVESTORS AND MEDIA:
The conference call for financial analysts, investors and media will begin at 3pm CET (2pm UK time, 9am EST and 11pm local time Japan). Svanberg will comment on the announcement and take questions. Please call in at least 15 minutes before the conference call begins. Because there is usually a large number of callers, it might take some time before you are connected.
A live audio webcast of the conference call will be available on the internet at www.ericsson.com/investors and www.ericsson.com/press.
The call-in numbers for the conference call are: Sweden: +46 (0)8 5352 6408 UK & Europe: +44 (0)20 7806 1955 U.S. & International: +1 718 354 1388
REPLAY:
A replay of the conference call will be available from about two hours after the completion of the conference call and will be available until December 22, 6pm CET.
Sweden: +46 (0)8 5876 9441 UK & European replay number: +44 (0)20 7806 1970 U.S. replay number: +1 718 354 1112 Replay access code: 9817420#
An on-demand audio webcast of the press conference and the conference call will be available on the internet at www.ericsson.com/investors and www.ericsson.com/press during the day. 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 www.ericsson.com
Copyright Copyright Hugin ASA 2006. All rights reserved.
FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Media Relations Phone: +46 70 222 7744, +46 8 719 6992 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=FC1A615AAF5AB154 Ericsson Investor Relations Phone: +46 8 719 0858 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=7D67925941378BA5 Investor Relations, North America Phone: +1 212 843 8435 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=A3AA21B77216093B
SOURCE: Ericsson
Copyright 2006 Market Wire, All rights reserved.
Invitation to Ericsson Press and Analyst Conferences:
Last Update: 7:19 PM ET Dec 19, 2006
STOCKHOLM, SWEDEN, Dec 19, 2006 (MARKET WIRE via COMTEX) -- Ericsson (ERIC) and Redback Networks Inc. (RBAK) have today announced that they have signed a definitive agreement under which Ericsson will acquire Redback for USD 25.00 per share, or an aggregate price of approximately USD 1.9 billion. The offer represents a premium of 60 percent to Redback's [90-day] volume weighted average stock price.
PRESS CONFERENCE AND LIVE WEBCAST:
The press conference will begin at 9am CET (8am UK time, 3am EST and 5pm local time Japan) at Ericsson headquarters, Torshamnsgatan 23, Kista, Sweden. Ericsson President and CEO Carl-Henric Svanberg will comment on the announcement and take questions.
A live webcast of the press conference will be available on the internet at
www.ericsson.com/investors
and
www.ericsson.com/press
CONFERENCE CALL FOR ANALYSTS, INVESTORS AND MEDIA:
The conference call for financial analysts, investors and media will begin at 3pm CET (2pm UK time, 9am EST and 11pm local time Japan). Svanberg will comment on the announcement and take questions. Please call in at least 15 minutes before the conference call begins. Because there is usually a large number of callers, it might take some time before you are connected.
A live audio webcast of the conference call will be available on the internet at www.ericsson.com/investors and www.ericsson.com/press.
The call-in numbers for the conference call are: Sweden: +46 (0)8 5352 6408 UK & Europe: +44 (0)20 7806 1955 U.S. & International: +1 718 354 1388
REPLAY:
A replay of the conference call will be available from about two hours after the completion of the conference call and will be available until December 22, 6pm CET.
Sweden: +46 (0)8 5876 9441 UK & European replay number: +44 (0)20 7806 1970 U.S. replay number: +1 718 354 1112 Replay access code: 9817420#
An on-demand audio webcast of the press conference and the conference call will be available on the internet at www.ericsson.com/investors and www.ericsson.com/press during the day. 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 www.ericsson.com
Copyright Copyright Hugin ASA 2006. All rights reserved.
FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Media Relations Phone: +46 70 222 7744, +46 8 719 6992 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=FC1A615AAF5AB154 Ericsson Investor Relations Phone: +46 8 719 0858 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=7D67925941378BA5 Investor Relations, North America Phone: +1 212 843 8435 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=A3AA21B77216093B
SOURCE: Ericsson
Copyright 2006 Market Wire, All rights reserved.
Redback to Be Acquired by Ericsson for $2.1 Billion...
Tuesday December 19, 7:03 pm ET
Redback to Retain Management, and Grow Its Routing Operations Worldwide As an Independent, Wholly-Owned Subsidiary of Ericsson...
http://biz.yahoo.com/bw/061219/20061219006127.html?.v=1
SAN JOSE, Calif.--(BUSINESS WIRE)--Redback Networks Inc. (NASDAQ: RBAK - News), a market leader in multi-service edge routing for next generation broadband networks, is today announcing a definitive agreement to be acquired by Ericsson (NASDAQ: ERIC - News), the world's leading telecommunications supplier, for $2.1 billion or $25 dollars per Redback share. The acquisition is expected to occur by means of a tender offer for all of the outstanding shares of Redback common stock. The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be completed in early 2007.
The acquisition of Redback will play a key role in Ericsson's strategy to help telecommunications carriers lower costs and upgrade their networks for broadband, telephone, video and mobility services. Redback will retain its management team and operate as a wholly-owned subsidiary of Ericsson. In accordance with the acquisition, Redback plans to accelerate its product development and continue to expand its operations to meet growing customer demands for next generation broadband networks. Redback will continue to focus on video and mobility routing markets to leap-frog its traditional competitors.
"This agreement is about accelerating market growth, integrating IP routing and mobility expertise and shaping the future of next generation networks. Video changes everything about networks today. Redback is the acknowledged technology leader delivering broadband, phone, video and mobility services over Internet-based infrastructures," said Kevin DeNuccio, Redback president and CEO, who will report directly to a management board chaired by the president and CEO of Ericsson, Carl-Henric Svanberg. "We believe Redback now will have the global reach and financial resources to accelerate its own routing technology innovation and grow market share faster than our traditional routing competitors."
"Redback has always had a well-known technology advantage over its larger routing competitors in broadband services edge routing," said Carl-Henric Svanberg of Ericsson. "We believe the combined strengths of both companies in mobility and IP routing will create significant value for customers and shareholders. Today's agreement accelerates Ericsson's ambition to build leadership in the fast growing broadband and IP services market."
The total addressable market for IP edge routing is expected to exceed $5 billion by 2009, according to the Yankee Group. Ericsson and Redback believe there is market opportunity to upgrade more than two billion wired and wireless users worldwide over the next ten years to all IP-based broadband infrastructures. This opportunity is ten times larger than the 250 million broadband users today. On a worldwide basis, all carriers have some plans to unify communications and entertainment services over IP-based broadband networks.
Citigroup and SEB Enskilda are acting as Ericsson's financial advisors in the acquisition. UBS is acting as the financial advisor for Redback.
About Redback Networks:
Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com.
Redback Media Relations
Zenobia Austin Godschalk, BPR
(w) 404.848.9507
(c) 650.269.8315
About Ericsson
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 some of the most powerful communications companies in the world. For more information visit: www.ericsson.com
Ericsson Media Relations
Phone: +46 8 719 6992
E-mail: press.relations@ericsson.com
Investor Relations, North America
Phone: +1 212 843 8435
E-mail: investor.relations@ericsson.com
CONFERENCE CALL
Meeting Date: Wednesday, December 20, 2006 08:00 AM (Pacific Time)
To Join Audio Conference
Primary Dial-In: 1 (800) 559-2403
Alternate Dial-In: 1 (847) 619-6534
Please be prepared to provide the following information to gain access to your audio conference call.
Confirmation Number: 16614405
Host Name: Kevin DeNuccio
Company: Redback Networks, Inc
A webcast has been set-up for press and industry analysts. The weblink is below.
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=80 517&eventID=1443118 (Due to its length, this URL may need to be copied/pasted into you Internet browser's address field. Remove the extra space if one exists.)
* REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THE SOLICITATION AND THE OFFER TO BUY SHARES OF REDBACK COMMON STOCK WILL ONLY BE MADE PURSUANT TO AN OFFER TO PURCHASE AND RELATED MATERIALS THAT ERICSSON INTENDS TO FILE WITH THE SECURITIES AND EXCHANGE COMMISSION. REDBACK STOCKHOLDERS AND OTHER INVESTORS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. ONCE FILED, REDBACK STOCKHOLDERS AND OTHER INVESTORS WILL BE ABLE TO OBTAIN COPIES OF THE TENDER OFFER STATEMENT ON SCHEDULE 'TO', THE OFFER TO PURCHASE AND RELATED DOCUMENTS WITHOUT CHARGE FROM THE SECURITIES AND EXCHANGE COMMISSION THROUGH THE COMMISSION'S WEB SITE AT WWW.SEC.GOV. REDBACK STOCKHOLDERS AND OTHER INVESTORS ALSO WILL BE ABLE TO OBTAIN COPIES OF THESE DOCUMENTS, WITHOUT CHARGE, FROM THE INFORMATION AGENT FOR THE OFFER, THE DEALER MANAGER FOR THE OFFER, OR FROM ERICSSON. STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ CAREFULLY THOSE MATERIALS PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO THE OFFER.
Statements in this release that are not statements of historical fact may include forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements concerning the completion of the transactions contemplated by the merger agreement, including the merger and the timing thereof and the business opportunities afforded by the merger. Important factors that may cause actual results to differ include: risks that could prevent or delay the closing of the transaction, including customary conditions to closing an acquisition transaction of this type, including obtaining requisite regulatory clearances, and acceptance of the offer by holders of a sufficient number of shares of Redback common stock. For a discussion of other risks facing Redback's business, please refer to the documents filed by Redback Networks Inc. with the United States Securities and Exchange Commission from time to time.
Contact:
Redback Networks
Doug Wills, 408-750-5038 (Media)
dwills@redback.com
Investor Relations, 408-750-5505
investor_relations@redback.com
Source: Redback Networks Inc.
Redback to Be Acquired by Ericsson for $2.1 Billion...
Tuesday December 19, 7:03 pm ET
Redback to Retain Management, and Grow Its Routing Operations Worldwide As an Independent, Wholly-Owned Subsidiary of Ericsson...
http://biz.yahoo.com/bw/061219/20061219006127.html?.v=1
SAN JOSE, Calif.--(BUSINESS WIRE)--Redback Networks Inc. (NASDAQ: RBAK - News), a market leader in multi-service edge routing for next generation broadband networks, is today announcing a definitive agreement to be acquired by Ericsson (NASDAQ: ERIC - News), the world's leading telecommunications supplier, for $2.1 billion or $25 dollars per Redback share. The acquisition is expected to occur by means of a tender offer for all of the outstanding shares of Redback common stock. The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be completed in early 2007.
The acquisition of Redback will play a key role in Ericsson's strategy to help telecommunications carriers lower costs and upgrade their networks for broadband, telephone, video and mobility services. Redback will retain its management team and operate as a wholly-owned subsidiary of Ericsson. In accordance with the acquisition, Redback plans to accelerate its product development and continue to expand its operations to meet growing customer demands for next generation broadband networks. Redback will continue to focus on video and mobility routing markets to leap-frog its traditional competitors.
"This agreement is about accelerating market growth, integrating IP routing and mobility expertise and shaping the future of next generation networks. Video changes everything about networks today. Redback is the acknowledged technology leader delivering broadband, phone, video and mobility services over Internet-based infrastructures," said Kevin DeNuccio, Redback president and CEO, who will report directly to a management board chaired by the president and CEO of Ericsson, Carl-Henric Svanberg. "We believe Redback now will have the global reach and financial resources to accelerate its own routing technology innovation and grow market share faster than our traditional routing competitors."
"Redback has always had a well-known technology advantage over its larger routing competitors in broadband services edge routing," said Carl-Henric Svanberg of Ericsson. "We believe the combined strengths of both companies in mobility and IP routing will create significant value for customers and shareholders. Today's agreement accelerates Ericsson's ambition to build leadership in the fast growing broadband and IP services market."
The total addressable market for IP edge routing is expected to exceed $5 billion by 2009, according to the Yankee Group. Ericsson and Redback believe there is market opportunity to upgrade more than two billion wired and wireless users worldwide over the next ten years to all IP-based broadband infrastructures. This opportunity is ten times larger than the 250 million broadband users today. On a worldwide basis, all carriers have some plans to unify communications and entertainment services over IP-based broadband networks.
Citigroup and SEB Enskilda are acting as Ericsson's financial advisors in the acquisition. UBS is acting as the financial advisor for Redback.
About Redback Networks:
Redback Networks Inc. manages 50 million broadband connections for 15 of the top 20 telephone carriers worldwide. Redback's multi-service routing platform delivers next generation broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.com.
Redback Media Relations
Zenobia Austin Godschalk, BPR
(w) 404.848.9507
(c) 650.269.8315
About Ericsson
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 some of the most powerful communications companies in the world. For more information visit: www.ericsson.com
Ericsson Media Relations
Phone: +46 8 719 6992
E-mail: press.relations@ericsson.com
Investor Relations, North America
Phone: +1 212 843 8435
E-mail: investor.relations@ericsson.com
CONFERENCE CALL
Meeting Date: Wednesday, December 20, 2006 08:00 AM (Pacific Time)
To Join Audio Conference
Primary Dial-In: 1 (800) 559-2403
Alternate Dial-In: 1 (847) 619-6534
Please be prepared to provide the following information to gain access to your audio conference call.
Confirmation Number: 16614405
Host Name: Kevin DeNuccio
Company: Redback Networks, Inc
A webcast has been set-up for press and industry analysts. The weblink is below.
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=80 517&eventID=1443118 (Due to its length, this URL may need to be copied/pasted into you Internet browser's address field. Remove the extra space if one exists.)
* REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. NetOp is a trademark of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THE SOLICITATION AND THE OFFER TO BUY SHARES OF REDBACK COMMON STOCK WILL ONLY BE MADE PURSUANT TO AN OFFER TO PURCHASE AND RELATED MATERIALS THAT ERICSSON INTENDS TO FILE WITH THE SECURITIES AND EXCHANGE COMMISSION. REDBACK STOCKHOLDERS AND OTHER INVESTORS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. ONCE FILED, REDBACK STOCKHOLDERS AND OTHER INVESTORS WILL BE ABLE TO OBTAIN COPIES OF THE TENDER OFFER STATEMENT ON SCHEDULE 'TO', THE OFFER TO PURCHASE AND RELATED DOCUMENTS WITHOUT CHARGE FROM THE SECURITIES AND EXCHANGE COMMISSION THROUGH THE COMMISSION'S WEB SITE AT WWW.SEC.GOV. REDBACK STOCKHOLDERS AND OTHER INVESTORS ALSO WILL BE ABLE TO OBTAIN COPIES OF THESE DOCUMENTS, WITHOUT CHARGE, FROM THE INFORMATION AGENT FOR THE OFFER, THE DEALER MANAGER FOR THE OFFER, OR FROM ERICSSON. STOCKHOLDERS AND OTHER INVESTORS ARE URGED TO READ CAREFULLY THOSE MATERIALS PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO THE OFFER.
Statements in this release that are not statements of historical fact may include forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements concerning the completion of the transactions contemplated by the merger agreement, including the merger and the timing thereof and the business opportunities afforded by the merger. Important factors that may cause actual results to differ include: risks that could prevent or delay the closing of the transaction, including customary conditions to closing an acquisition transaction of this type, including obtaining requisite regulatory clearances, and acceptance of the offer by holders of a sufficient number of shares of Redback common stock. For a discussion of other risks facing Redback's business, please refer to the documents filed by Redback Networks Inc. with the United States Securities and Exchange Commission from time to time.
Contact:
Redback Networks
Doug Wills, 408-750-5038 (Media)
dwills@redback.com
Investor Relations, 408-750-5505
investor_relations@redback.com
Source: Redback Networks Inc.
Invitation to Ericsson Press and Analyst Conferences:
Last Update: 7:19 PM ET Dec 19, 2006
STOCKHOLM, SWEDEN, Dec 19, 2006 (MARKET WIRE via COMTEX) -- Ericsson (ERIC) and Redback Networks Inc. (RBAK) have today announced that they have signed a definitive agreement under which Ericsson will acquire Redback for USD 25.00 per share, or an aggregate price of approximately USD 1.9 billion. The offer represents a premium of 60 percent to Redback's [90-day] volume weighted average stock price.
PRESS CONFERENCE AND LIVE WEBCAST:
The press conference will begin at 9am CET (8am UK time, 3am EST and 5pm local time Japan) at Ericsson headquarters, Torshamnsgatan 23, Kista, Sweden. Ericsson President and CEO Carl-Henric Svanberg will comment on the announcement and take questions.
A live webcast of the press conference will be available on the internet at
www.ericsson.com/investors
and
www.ericsson.com/press
CONFERENCE CALL FOR ANALYSTS, INVESTORS AND MEDIA:
The conference call for financial analysts, investors and media will begin at 3pm CET (2pm UK time, 9am EST and 11pm local time Japan). Svanberg will comment on the announcement and take questions. Please call in at least 15 minutes before the conference call begins. Because there is usually a large number of callers, it might take some time before you are connected.
A live audio webcast of the conference call will be available on the internet at www.ericsson.com/investors and www.ericsson.com/press.
The call-in numbers for the conference call are: Sweden: +46 (0)8 5352 6408 UK & Europe: +44 (0)20 7806 1955 U.S. & International: +1 718 354 1388
REPLAY:
A replay of the conference call will be available from about two hours after the completion of the conference call and will be available until December 22, 6pm CET.
Sweden: +46 (0)8 5876 9441 UK & European replay number: +44 (0)20 7806 1970 U.S. replay number: +1 718 354 1112 Replay access code: 9817420#
An on-demand audio webcast of the press conference and the conference call will be available on the internet at www.ericsson.com/investors and www.ericsson.com/press during the day. 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 www.ericsson.com
Copyright Copyright Hugin ASA 2006. All rights reserved.
FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Media Relations Phone: +46 70 222 7744, +46 8 719 6992 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=FC1A615AAF5AB154 Ericsson Investor Relations Phone: +46 8 719 0858 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=7D67925941378BA5 Investor Relations, North America Phone: +1 212 843 8435 E-mail: Contact via http://www.marketwire.com/mw/emailprcntct?id=A3AA21B77216093B
SOURCE: Ericsson
Copyright 2006 Market Wire, All rights reserved.
You've Been ELF'ed...
Life is all about asses
you're either covering it,
laughing it off,
kicking it,
kissing it,
busting it,
trying to get a piece of it,
or behaving like one ....
That's right, you've been "elfed"!
;^))
Bubba walked into a doctor's office and the receptionist asked him what he had. Bubba said, Shingles. So she wrote down his name, address, medical insurance number and told him to have a seat.
Fifteen minutes later a nurse's aide came out and asked Bubba what he had.
Bubba said, Shingles. So she wrote down his height, weight, a complete medical history and told Bubba to wait in the examining room.
A half hour later a nurse came in and asked Bubba what he had. Bubba said, Shingles. So the nurse gave Bubba a blood test, a blood pressure test, an electrocardiogram, and told Bubba to take off all his clothes and wait for the doctor.
An hour later the doctor came in and asked Bubba what he had. Bubba said, shingles. The doctor asked, Where?
Bubba said, "Outside on the truck. Where do you want them??"
Hi 'mlkr'...If it keeps up the pattern...
Of the last few months, the bottom should be put in soon IMO...
News for 'AKAM' - (Akamai Content Distribution Infrastructure Adopted in PLAYSTATION(R)Network)
TOKYO, Dec 19, 2006 (BUSINESS WIRE) -- (EDITOR'S NOTE: The following is an
English translation of the original Japanese version, prepared for the
convenience of our non-Japanese-speaking readers. In the case of any discrepancy
between the translation and the Japanese original, the latter shall prevail.)
Akamai Japan K.K., a subsidiary of Akamai Technologies, Inc. (NASDAQ: AKAM), the
leading global service provider for accelerating content and business processes
online, today announced that Akamai's services are adopted as the content
delivery platform by Sony Computer Entertainment Inc. (SCE) in its
PLAYSTATION(R)Network, an online service for PLAYSTATION 3 (PS3(TM)).
Within the online game market, Akamai has been a leader in content distribution
of downloadable PC software to end users on behalf of game software makers, such
as NHN Japan Corporation.
In addition to providing cutting-edge delivery services to Japanese companies
that offer online game content, such as SCE, Akamai's global platform is being
leveraged in Japan to drive the commercial use of the Internet - in an era of
rich content - by providing delivery services optimized to meet the particular
needs of companies in a variety of fields including image-delivery services,
financial services, food and beverage services, cosmetics, and multimedia.
Akamai's Digital Asset Solutions including Electronic Software Delivery and
Akamai Media Delivery are among the world's leading online game software
delivery services, providing dynamic mapping of the Internet by means of over
20,000 Akamai servers dispersed throughout the globe. Through the use of
Akamai's distributed delivery services, unlike alternative offerings that rely
on centralized data-center servers located domestically, it becomes possible to
achieve greater reliability and scale by delivering added value to ubiquitous
terminals, such as cell phones. Akamai's dynamic content delivery capabilities
also ensure high performance and reliability of dynamically-rendered,
personalized Web content.
Izumi Kawanishi, Corporate Executive and CTO Software of Sony Computer
Entertainment Inc., offered the following comments: "Since SCE has started
offering its online service called PLAYSTATION(R)Network that became available
with the launch of PS3, our collaboration with Akamai has made it possible to
deliver attractive entertainment content to PS3 users leveraging Akamai's
high-performance content delivery infrastructure. We will vigorously promote PS3
along with PLAYSTATION(R)Network as the new computer entertainment platform."
Paul Sagan, President and CEO of Akamai, said: "Akamai is committed to helping
enable the online business models for our customers in the gaming market by
ensuring high performance delivery of content and applications to next
generation devices. We are very excited about working with Sony Computer
Entertainment on enabling PS3 users to obtain games, media, and other content
via the Internet in their homes."
Akamai Japan (www.akamai.co.jp):
Akamai Japan K.K. was established on January 28, 2003 as a 100 percent
subsidiary of Akamai Technologies, Inc., which itself was established in 1998.
Akamai is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
*PLAYSTATION is a registered trademark and PS3 is a trademark of Sony Computer
Entertainment Inc.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Japan MarketingSatoko Kosaki, 03-5777-6800info_akamai@akamai.co.jporAkamai Technologies, Inc.Jeff Young, 617-444-3913jyoung@akamai.com
Copyright Business Wire 2006
News for 'AKAM' - (Akamai Content Distribution Infrastructure Adopted in PLAYSTATION(R)Network)
TOKYO, Dec 19, 2006 (BUSINESS WIRE) -- (EDITOR'S NOTE: The following is an
English translation of the original Japanese version, prepared for the
convenience of our non-Japanese-speaking readers. In the case of any discrepancy
between the translation and the Japanese original, the latter shall prevail.)
Akamai Japan K.K., a subsidiary of Akamai Technologies, Inc. (NASDAQ: AKAM), the
leading global service provider for accelerating content and business processes
online, today announced that Akamai's services are adopted as the content
delivery platform by Sony Computer Entertainment Inc. (SCE) in its
PLAYSTATION(R)Network, an online service for PLAYSTATION 3 (PS3(TM)).
Within the online game market, Akamai has been a leader in content distribution
of downloadable PC software to end users on behalf of game software makers, such
as NHN Japan Corporation.
In addition to providing cutting-edge delivery services to Japanese companies
that offer online game content, such as SCE, Akamai's global platform is being
leveraged in Japan to drive the commercial use of the Internet - in an era of
rich content - by providing delivery services optimized to meet the particular
needs of companies in a variety of fields including image-delivery services,
financial services, food and beverage services, cosmetics, and multimedia.
Akamai's Digital Asset Solutions including Electronic Software Delivery and
Akamai Media Delivery are among the world's leading online game software
delivery services, providing dynamic mapping of the Internet by means of over
20,000 Akamai servers dispersed throughout the globe. Through the use of
Akamai's distributed delivery services, unlike alternative offerings that rely
on centralized data-center servers located domestically, it becomes possible to
achieve greater reliability and scale by delivering added value to ubiquitous
terminals, such as cell phones. Akamai's dynamic content delivery capabilities
also ensure high performance and reliability of dynamically-rendered,
personalized Web content.
Izumi Kawanishi, Corporate Executive and CTO Software of Sony Computer
Entertainment Inc., offered the following comments: "Since SCE has started
offering its online service called PLAYSTATION(R)Network that became available
with the launch of PS3, our collaboration with Akamai has made it possible to
deliver attractive entertainment content to PS3 users leveraging Akamai's
high-performance content delivery infrastructure. We will vigorously promote PS3
along with PLAYSTATION(R)Network as the new computer entertainment platform."
Paul Sagan, President and CEO of Akamai, said: "Akamai is committed to helping
enable the online business models for our customers in the gaming market by
ensuring high performance delivery of content and applications to next
generation devices. We are very excited about working with Sony Computer
Entertainment on enabling PS3 users to obtain games, media, and other content
via the Internet in their homes."
Akamai Japan (www.akamai.co.jp):
Akamai Japan K.K. was established on January 28, 2003 as a 100 percent
subsidiary of Akamai Technologies, Inc., which itself was established in 1998.
Akamai is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
*PLAYSTATION is a registered trademark and PS3 is a trademark of Sony Computer
Entertainment Inc.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Japan MarketingSatoko Kosaki, 03-5777-6800info_akamai@akamai.co.jporAkamai Technologies, Inc.Jeff Young, 617-444-3913jyoung@akamai.com
Copyright Business Wire 2006
News for 'AKAM' - (Akamai Content Distribution Infrastructure Adopted in PLAYSTATION(R)Network)
TOKYO, Dec 19, 2006 (BUSINESS WIRE) -- (EDITOR'S NOTE: The following is an
English translation of the original Japanese version, prepared for the
convenience of our non-Japanese-speaking readers. In the case of any discrepancy
between the translation and the Japanese original, the latter shall prevail.)
Akamai Japan K.K., a subsidiary of Akamai Technologies, Inc. (NASDAQ: AKAM), the
leading global service provider for accelerating content and business processes
online, today announced that Akamai's services are adopted as the content
delivery platform by Sony Computer Entertainment Inc. (SCE) in its
PLAYSTATION(R)Network, an online service for PLAYSTATION 3 (PS3(TM)).
Within the online game market, Akamai has been a leader in content distribution
of downloadable PC software to end users on behalf of game software makers, such
as NHN Japan Corporation.
In addition to providing cutting-edge delivery services to Japanese companies
that offer online game content, such as SCE, Akamai's global platform is being
leveraged in Japan to drive the commercial use of the Internet - in an era of
rich content - by providing delivery services optimized to meet the particular
needs of companies in a variety of fields including image-delivery services,
financial services, food and beverage services, cosmetics, and multimedia.
Akamai's Digital Asset Solutions including Electronic Software Delivery and
Akamai Media Delivery are among the world's leading online game software
delivery services, providing dynamic mapping of the Internet by means of over
20,000 Akamai servers dispersed throughout the globe. Through the use of
Akamai's distributed delivery services, unlike alternative offerings that rely
on centralized data-center servers located domestically, it becomes possible to
achieve greater reliability and scale by delivering added value to ubiquitous
terminals, such as cell phones. Akamai's dynamic content delivery capabilities
also ensure high performance and reliability of dynamically-rendered,
personalized Web content.
Izumi Kawanishi, Corporate Executive and CTO Software of Sony Computer
Entertainment Inc., offered the following comments: "Since SCE has started
offering its online service called PLAYSTATION(R)Network that became available
with the launch of PS3, our collaboration with Akamai has made it possible to
deliver attractive entertainment content to PS3 users leveraging Akamai's
high-performance content delivery infrastructure. We will vigorously promote PS3
along with PLAYSTATION(R)Network as the new computer entertainment platform."
Paul Sagan, President and CEO of Akamai, said: "Akamai is committed to helping
enable the online business models for our customers in the gaming market by
ensuring high performance delivery of content and applications to next
generation devices. We are very excited about working with Sony Computer
Entertainment on enabling PS3 users to obtain games, media, and other content
via the Internet in their homes."
Akamai Japan (www.akamai.co.jp):
Akamai Japan K.K. was established on January 28, 2003 as a 100 percent
subsidiary of Akamai Technologies, Inc., which itself was established in 1998.
Akamai is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
*PLAYSTATION is a registered trademark and PS3 is a trademark of Sony Computer
Entertainment Inc.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Japan MarketingSatoko Kosaki, 03-5777-6800info_akamai@akamai.co.jporAkamai Technologies, Inc.Jeff Young, 617-444-3913jyoung@akamai.com
Copyright Business Wire 2006
DOWNGRADE: Redback Networks (RBAK)
Downgraded by RBC Capital Mkts from:
Outperform to Sector Perform
Briefing.com
08:50 a.m. 12/19/2006
DOWNGRADE: Redback Networks (RBAK)
Downgraded by RBC Capital Mkts from:
Outperform to Sector Perform
Briefing.com
08:50 a.m. 12/19/2006
GM 2MAR$...Short the heck out of it!...
A downgrade on RBAK usually makes it go down a few days and is worth a few dollars...
I'm all IN with 1K shares on a ss at 20.20
Thanks for the heads up ;^))
U.S. housing starts rise 6.7% in November:
By Rex Nutting
Last Update: 8:30 AM ET Dec 19, 2006
http://tinyurl.com/y7q49l
WASHINGTON (MarketWatch) - Construction on new homes rebounded in November, rising 6.7% after a whopping 14% drop in October, the Commerce Department reported Tuesday.
Building permits, meanwhile, fell 3% to a fresh nine-year low, signaling that the housing market remains very weak.
Starts rose 6.7% in November to a seasonally adjusted annual rate of 1.588 million. Starts are down 25.5% in the past year. Building permits, considered a leading indicator, fell 3% to a seasonally adjusted annual rate of 1.506 million.
Building permits are down 31.3% in the past year. The pace of starts in November was above the expected 1.54 million, while permits fell short of the 1.55 million expected by economists polled by MarketWatch.
U.S. housing starts rise 6.7% in November:
By Rex Nutting
Last Update: 8:30 AM ET Dec 19, 2006
http://tinyurl.com/y7q49l
WASHINGTON (MarketWatch) - Construction on new homes rebounded in November, rising 6.7% after a whopping 14% drop in October, the Commerce Department reported Tuesday.
Building permits, meanwhile, fell 3% to a fresh nine-year low, signaling that the housing market remains very weak.
Starts rose 6.7% in November to a seasonally adjusted annual rate of 1.588 million. Starts are down 25.5% in the past year. Building permits, considered a leading indicator, fell 3% to a seasonally adjusted annual rate of 1.506 million.
Building permits are down 31.3% in the past year. The pace of starts in November was above the expected 1.54 million, while permits fell short of the 1.55 million expected by economists polled by MarketWatch.