Replies to post #5256 on Telvue Corp. (fka TEVE)

[Hockmir]

Given all of the concern over the debt that Telvue appears to have, I thought it might be good Due Diligence (did I spell that right?) to see what some of the competition was, and whether they had debt.

So, lets first look at Adobe. They are certainly competition in the video streaming market, with their Flash and related video streaming products.

It certainly looks like they have a product line of software for folks who want to distribute their material in Flash format, i.e., over a computer network to Flash equipped receivers. Flash is, of course proprietary, and under the control of Adobe. Not open format broadcast quality NTSC or HDTV standard video, or any of the QAM or QPSK compatible video formats.

Here's a link to a summary page for the Adobe line:

http://www.adobe.com/products/flashmediaserver/

Now, even though I don't consider Adobe as competing directly with the bundled hardware/software suite that Telvue offers, they do offer a chance to see whether such an operation has any debt.

Here is a chart showing the current debt-to-equity ratio for Adobe:



Oh my goodness gracious!! Looks like Adobe has all kinds of debt too. Would you suppose that it would be normal for such a situation to exist?

Maybe I need to look at some other competitors as well. Maybe I will discover that the debt sky is falling.

[phrantic]

Qtip, you have any idea if/when TEVE management will develop a sense of responsibility toward their shareholders to the point where they feel we are worthy enough to have at least a scintilla of guidance on the mounting debt?

A few questions that deserve answers:

1. What is the estimated time period for the total Lenfest debt to be repaid, how many years?
2. Estimated time period until the company is able to show a profit?
3. What happens to the Lenfest debt in the event of his demise?
4. Who inherits the Lenfest notes?
5. What is the likelihood of the company remaining a viable going concern if Lenfest stops providing funds?
6. What financial entity is likely to provide financing in Lenfest's stead?
7. What enticement(s), if any, exist on TEVE's balance sheet for the past 5 years that could be seen as encouragement to a new potential lender wanting to loan funds to the company?
8. What are the consequences of default?
9. What happens to the company in the event of default?
10. What are the consequences/penalties for falling behind in payments?
11. How much is currently being paid monthy/annually total?
12. What happens to the company if for some reason Lenfest decides to call in his notes?
13. What is the probability the company can survive in the event Lenfest shuts off his lifeline to the company?
14. What affect does a bad economy have regarding repayment of the aggregate debt?
15. What are the chances a bad economy could cause default?
16. What is the total debt service just on Lenfest's notes?
17. What does the company feel is its biggest impediment to success?
18. Who does the company feel is its biggest competitor?
19. What does the company feel is its weakest link?
20. What is the one single element the company fears most?
21. What do TEVE's clients say about the company?
22. What is the attrition rate for TEVE clients for the last 3 -5 years?