Goldman Throws InPhonic A Lifeline
Posted on 10.11.06 by Nikhil @ 2:22 pm

Could InPhonic’s fortunes finally be changing? Over the past year, shares of Washington-based InPhonic, which is the largest seller of wireless phones, plans and activation services on the Web, have fallen 68%, hitting a low of $5.02 in February.

But recently, the stock has begun to turn the corner. Yesterday, shares of InPhonic (nasdaq: INPC - news - people ) gained about 12%, closing at $9.16 per share. The reason: Goldman Sachs (nyse: GS - news - people ), one of InPhonic’s largest shareholders, made the company a proposal to provide it with $100 million in debt financing at an interest rate of 9%.

While terms still need to be negotiated, the idea is that portions of the loan could be used to retire existing debt, repurchase company stock and satisfy InPhonic’s working capital needs. It’s a great deal for Goldman, and considering how shaky InPhonic has been, it will probably be good for shareholders as well.

Click Here for the rest of the story on Forbes.com.


Filed under: Stock Watch and Miscellaneous
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Amends for Qualcomm and Broadcom?
Posted on 10.10.06 by Nikhil @ 1:55 pm

Qualcomm and Broadcom have been fighting with each other for months now, each blaming the other for infringing on their patents. Last month, a federal judge ordered Broadcom chairman Henry Samueli and Qualcomm chairman Irwin Jacobs to meet him in court to reconcile their differences. The meeting took place last week. It’s not clear, though, that the judge’s efforts were successful. Apparently,neither chairman would let on to the discussions. You can read more about this in The Mercury News.


Filed under: Stock Watch and Miscellaneous and News
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CHINESE 3G IN EUROPE?
Posted on 05.26.06 by Nikhil @ 3:29 pm

China has its own 3G standard known as TD-SCDMA. The main difference is that it uses a different frequency for voice calls and data than W-CDMA. Interestingly, France Telecom, which has a research arm in Beijing says it is assessing the Chinese version of 3G and it may even deploy it in Europe. This would be big news for the Chinese and reflects growing foreign interest in TD-SCDMA. Click Here to read more from Cellular News.


Filed under: Miscellaneous and News
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U.S. MONITORING CELL PHONE RECORDS
Posted on 05.13.06 by Nikhil @ 10:01 am

Theres lots of controversy over the recent news that the NSA is monitoring the calls of millions of Americans. Shortly after the September 11th attacks, the U.S. began collecting call logs. President Bush has defended the National Security Agency’s phone surveillance program, saying the government is “not mining or trolling through the personal lives of millions of innocent Americans.” My view is that the the government’s is dangerous. While I don’t think there is anything inherently wrong with the government using computers to look for call patterns that could uncover a terrorist cell, or prevent future attacks, I do think that the process of keeping -and the possibility of mining - call records, could pose a danger the privacy of Americans, should the government’s agenda one day change. For an interesting read on this, click here to get an article from USA Today.


Filed under: Stock Watch and Miscellaneous and News
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COMVERSE UNDER INVESTIGATION
Posted on 05.05.06 by Nikhil @ 10:13 pm

Last week, the founder and CEO of Comverse Technology stepped down. So did two other executives. The reason: Federal prosecutors have launched a criminal investigation into the way Comverse grants stock options in light of the company’s announcement that it would restate more than five years of financial results because some option-grants on record didn’t match the actual grant dates. That’s significant because it appears stock-option grants to top executives were regularly dated just ahead of large share price increases and often near the bottom of steep declines. The dates correspond to low exercise prices on the options so the executives get bigger profits if shares rise. The stock, however, continues to do quite well because the removal of these executives was seen as a positive, and because the executives that run the core businesses are long time veterans of Comverse and will remain. RCR News has a story on this.


Filed under: Stock Watch and Miscellaneous and News
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Sharp Move in Japan
Posted on 04.25.06 by Nikhil @ 4:32 pm

Some interesting news out today. Sharp has apparently taken the number one spot in Japan ans the country’s largest maker of cell phones. It has more phones sold now than NEC and Matsushita which previously were the two biggest, according to MM Research Institute. Sharp has come quickly from nowhere. Just three years ago, the company was a small player. But after winning a contract to supply phones to NTT DoCoMo, consumers have been buying Sharp’s phone. Sharp’s success is due in part to advanced features such as LCD screens and camera phones.


Filed under: Miscellaneous and News
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ANYONE ACTUALLY WANT MULTIMEDIA PHONES?
Posted on 04.15.06 by Nikhil @ 8:21 am

It’s easy to get overwhelmed at the CTIA show by all the new products and services coming to mobile. So its rather sobering when a study is released that shows little enthusiasm for the stuff. Personally, I do think there is great opportunity for television and other services over your phone. And often, consumers don’t really know what they need. Whoever thought email would become as pervasive as it has? Or that so many of us would be snapping pictures with our cell phones? Still, the study makes for an interesting read and brings some perspective to the hype. It says that only 9% of the people it surveyed wanted phones that play digital music, and most surveyed said they would not pay $15 a month for handset multimedia services. You can read more about the survey’s results in Cellular News.


Filed under: Applications and Miscellaneous
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CTIA SHOW REVEALED NEW TRENDS
Posted on 04.13.06 by Nikhil @ 1:07 pm

Now that the show is over, I can sum it up by saying that it was a big success this year. Companies are coming up with new ways to make money and build their businesses using 3G technologies. The fact is, very soon, you’ll wonder how you ever managed to get by without some of the mobile services that are coming our way. Among the key trends: services that will let you keep track of your children no matter where they are while also allowing you to manage their use of their cell phones. Television programming that will be coming to your cellphones from companies such as MobiTV and Qualcomm. And musicians in search of new distribution channels will also make their music available via cellphones which means that you will get access to music that you could not easily find to before. Perhaps more controversial is the pick-up in interest this year from wireless service providers, that are coming up with new ways to send you mobile advertisements. While that may not sound so great, it could be a way to keep down the monthly cost of service.

I’ll be releasing my next issue of Forbes Wireless Stock Watch in the coming days. In this special issue, I’ll further discuss the trends that came from the CTIA Wireless Show. I will also be highlighting four or five interesting companies that I met with at the show. For each company, I’ll let you know what my conversations revealed, what the company’s strategy is, and whether I think investors should buy shares – or steer clear. I’ll also be discussing my overall conclusions and I’ll let you know the key trends that emerged.


Filed under: Stock Watch and Applications and Miscellaneous
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Wireless New Orleans
Posted on 11.30.05 by Nikhil @ 12:18 am


I was at the CTIA Wireless Show in New Orleans last March. The convention center was huge and filled with wireless companies. The enthusiasm over the latest wireless technologies reminded me of those heady dot com days. Now, after Katrina, New Orleans is a different world and its struggling to come back. Apparently, the city thinks that wireless technology could be of help.

New Orleans, today, announced the first city-owned WiFi network, which will become available to the city in about one year. It will be free to all users. Under Louisiana law, any one locality is not allowed to offer Internet connection speeds of more than 144 Kbps. This WiFi service, however, will offer 512 Kbps. But since the city is still under a state of emergency, it’s being allowed. The rational: with free Internet access available citywide, people and businesses may be attracted to come back. It will also be a good thing for emergency services and police services - which have been under tremendous pressure since the hurricane devastated the city. For now, however, the service is running only in the central business district and the French Quarter - but New Orleans expects to expand the service. The infrastructure for the network was mostly donated by companies such as Tropos Networks and Intel . More details are available at CBS.


Filed under: Infrastructure and Miscellaneous and News
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Thanksgiving Vacation!
Posted on 11.22.05 by Nikhil @ 12:49 am

I wanted to let you know that this week, I am taking off a few days before Thanksgiving to spend some time with my family. We’ll be on vacation in Florida. While I intend to keep following the latest developments in wireless, my posts may be less frequent than usual this week. Hope you have a great Thanksgiving!


Filed under: Miscellaneous
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I'm Nikhil Hutheesing, and WirelessNik is my personal blog. A senior editor at Forbes, I am also the editor of the newsletter, Forbes Wireless Stock Watch. Here, you'll find my take on the latest breakthroughs in wireless technologies as well as ways to profit from wireless in the stock market.


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