"Sonia Said on July 24th, 2009 at 12:44 am 'Mobilepro looks to be a good play. Tobin Smith has a real nice update that was just sent out tonight:MOBILEPRO ON THE GO It certainly appears that the business of providing citywide wireless broadband represents the birth of the next great American utility industry. Municipal wireless systems are rapidly becoming an important component in the city works. A highspeed broadband network is attractive to businesses in this modern age — not to mention a very nice plus for citizens’ homes. Homeland defense is one issue, but everything a city does can be done better, faster and cheaper over the Internet (e.g., accepting ticket payments, communicating with residents, obtaining and disseminating information). The exciting news for subscribers is that MobilePro is at the forefront of this gigantic ChangeWave. We expect to see thousands of cities creating citywide broadband mesh networks during the next few years because it simply makes good sense. The city of Longmont, Colo., is MobilePro’s latest win. MOBL partnered with Motorola for this buildout and this partnership is going to be used in many other municipal bids. Powering Up In its annual meeting, MobilePro’s CEO Jay Wright described that at least $9 million in new equity funding is already secured, closed and to be announced very soon. This is critical for its expansion. Cisco once again will participate in this funding, which obviously shows great confidence in MOBL. We think MobilePro needs these sorts of partners if it’s going to succeed in a big national rollout. With $6 million in cash on hand, $2 million in lease funding and $9 million soon to be delivered to its bank account, MobilePro appears to have the money its needs to operate for the next 18 months. Many of these dollars will be spent on equipment for building out wireless systems in numerous cities. Tempe is the Template The city of Tempe, Ariz., MobilePro’s showcase project, is the key to the gate. As Jay Wright said, "If Tempe works, then the world will beat a path to our door." It seems that Jay better make sure his doorbell is working because Tempe could very well go cash-flow-positive by early next year. And as more cities come online (and off hard lines), the success of MobilePro’s model will undoubtedly breed more successes — and big profits. MobilePro now has a clear plan to take sales to $1 billion during the next several years. This is company and management team that is thinking long-term and focused on gigantic growth. Remember that the stock tripled last year after the company’s big refinancing, so get positioned in MOBL while it’s still trading well below 20 cents (heck, below 15 cents) and before it makes any major announcements.'
HOW OLD IS THIS? AND WHY DOES IT HAVE TODAY'S DATE ON IT?
News 
Market Data 
Discover 
AI
