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Posted on 08.29.06 by Nikhil @ 11:41 am
India is a huge market for wireless and indeed, wireless technologies are catching on fast. But while much of the world is focused on third generation networks, India, perhaps, will be focusing more on WiMax, the high-speed wireless networks that are far more expansive than Wi-Fi networks. WiMax offers faster speeds at lower costs and could help to boost economic growth. Lots of big companies are supporting the technology in India. Intel, for instance, is working hard in India to drive the development of these networks. Read more about WiMax in India at Express Computer by Clicking Here. Filed under: Infrastructure and Cutting Edge Comments: None |
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Posted on 08.28.06 by Nikhil @ 1:36 pm
Some of you may remember XO, a wireless company that I have covered in the past. The company, which has been working on a new business model lately, now says that it has provided its fixed broadband wireless service to nine cities across the country. What this means is that those cities can now offer greater coverage at lower costs. This is good news for XO. Read more about this at Tophosts.com. http://www.tophosts.com/articles/003673.html Filed under: Stock Watch and Infrastructure Comments: None |
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Posted on 08.17.06 by Nikhil @ 4:32 pm
Recently, I met with Glu Mobile’s chief executive, Greg Ballard, at a wireless gaming event in New York City. Sitting in a cafeteria with a stunning view of the Statue of Liberty, Ballard explained his company’s objective. While Glu Mobile sells ring tones, wallpaper and other applications, 95% of its business is generated from building games for mobile devices. Now, the company wants to quickly expand the number of games it provides. Filed under: Stock Watch and Wireless Gaming and Cutting Edge Comments: Comments Off |
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Posted on 08.10.06 by Nikhil @ 7:00 am
Looking for a stock with great prospects that is way off its highs? You may want to consider shares of Radvision, based in Tel Aviv, Israel. As war rages in the Middle East, the stocks of some important wireless companies based in Israel have seen their shares fall. Despite the tragic human toll that continues to mount, I remain confident about the prospects for the Israeli economy and the specific stocks in my Forbes Wireless Stock Watch portfolio. Since February, when shares of Radvision hit a high of $21.40, the stock has been falling. Now, it’s trading around $15, down 30% for the year. But Radvision, which provides the infrastructure behind a new generation of videophone technology, should benefit as higher-speed wireless networks–such as 3G (”third generation”) and WiMax–are deployed. Radvision builds “gateways” that allow for interoperability between Internet Protocol-based networks, integrated services digital networks and 3G networks, and eventually high-speed wireless networks such as 4G and WiMax. Click Here for the rest of my column in Forbes.com Filed under: Stock Watch and Cutting Edge Comments: None |
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Posted on 08.09.06 by Nikhil @ 6:08 pm
Good news: Shares of SVR are up about 16% so far today. The reason: Sales came in stronger than expected for its second quarter. Analysts had been expecting sales of $77.3 million, however, the company generated sales of $82.2 million. Investors seemed to discount the fall in net income. Net income fell to $9.5 million, or 14 cents per share, from $11.8 million, or 18 cents per share, in the year-ago period. But the good forecast also boosted the stock: Syniverse expects that in the third quarter, it will generate cash net income of between $17 million and $19 million on revenue of between $89 million and $91 million. (Cash net income includes the cash savings arising from tax deductible goodwill amortization.) Shares of SVR are now up 30% from my Buy recommendation. For my take on the company, please CLICK HERE for Forbes Wireless Stock Watch. Filed under: Stock Watch and News Comments: None |
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Posted on 08.09.06 by Nikhil @ 2:12 pm
Comverse, recently, has been under scrutiny recently for its handling of stock options. Today, three of its former top executives were charged in a scheme to manipulate stock options. Former CEO Kobi Alexander, former finance chief David Kreinberg and former senior general counsel William Sorin were all charged with manipulating stock options by falsifying the dates on which they were granted. Apparently, from 1991 through 2005 Alexander exercised options and sold stocks worth approximately $150 million, of which approximately $138 million was profit. On top of that, Alexander and Kreinberg are accused of using fictitious names to generate hundreds of thousands of backdated options which they then parked in a secret slush fund. So far, both Kreinberg and Sorin have surrendered the FBI – however no one is exactly sure where Alexander is. Interestingly, the stock is up on the news, by just over 1%. Time to buy? This, too, is covered in Forbes Wireless Stock Watch. Filed under: Stock Watch and News Comments: None |
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Posted on 08.08.06 by Nikhil @ 1:11 pm
Shares of Cisco are also going strong today – up more than 15% so far and adding on, incidentally, about $15 billion to its market cap. The reason is because the company’s CEO, John Chambers, said that he expected to see growth in revenue of 15% to 20% for the fiscal year ending in July 2007 – better than Wall Street had expected. The good news comes on the heels of a mediocre quarterly profit announcement. Cisco recently said that for the quarter ending July 29, net income totaled $1.54 billion, or 25 cents a share, compared to $1.54 billion, or 24 cents a share, in the year-ago period. Sales were up 21% to nearly $8 billion, more than the $7.92 billion expected by Wall Street analysts. Much of Cisco’s business prospects from the increased demand for its products which help route data, both over traditional telecom networks as well as wireless networks. There is more about this in my newsletter, Forbes Wireless Stock Watch. Filed under: Stock Watch Comments: None |
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Posted on 08.01.06 by Nikhil @ 5:56 pm
Nokia and Motorola are tops when it comes to handsets. But some Japanese manufacturers want a bigger piece of the pie. Handset vendors NEC and Panasonic are aiming to beef up their cell phones with chips from Texas Instruments as well as NEC Electronics and Matsushita. The idea is to create a joint venture that will develop, design and license technology for hardware and software communications platforms for next-gen mobile handsets. The new JV, called Adcore-Tech, will see the five companies invest a total of $104 million. The first handsets are expected to reach market in the fall of 2007, according to the companies. Get more details at RCR News. Filed under: Stock Watch and Mergers/Acquisitions Comments: None |
