|
InvestSource Inc.: Road Wings Begins Stock Acquisition of OneFi Tech
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:22072008
Stocks in the News: Road Wings, Inc. (PINKSHEETS: RDWG), UTStarcom,
Inc. (NASDAQ: UTSI), Airspan Networks Inc. (NASDAQ: AIRN), Alvarion
Ltd. (NASDAQ: ALVR)
Jul 21, 2008 -- Road Wings, Inc. (PINKSHEETS: RDWG) announced today
that it has completed the first installment of its previously announced
stock acquisition agreement with OneFi Technology, Inc. The Road Wings
agreement with OneFi allows for a purchase of up to forty percent (40%)
of OneFi Technology's stock. Mr. Travis Grimmett, the President of Road
Wings, stated, "We are impressed with the future of OneFi Technology
and its abilities to deploy WiMax/WiFi broadband networks. We are
confident that OneFi's WiMax technology represents a breakthrough in
the deployment of high-speed Internet, and we are excited about the
technology's ability to provide not only Internet but also IPTV and
VoIP." Mr. Tom White, OneFi Technologies CFO, stated, "Our relationship
with Road Wings allows us to focus on continued network deployment and
roll the technology to the market place."
Jul 21, 2008 -- UTStarcom, Inc. (NASDAQ: UTSI) today announced that
Guangxi Telecom Company Limited, a wholly- owned subsidiary of China
Telecom Corporation Limited, has chosen UTStarcom's industry-leading
RollingStream Internet Protocol TV (IPTV) platform to deploy a new
interactive advertising system. Guangxi Telecom is the first service
provider in China to deploy IPTV for building- based video advertising.
UTStarcom will provide Guangxi Telecom with 3,600 concurrent IPTV
streams for the initial deployment of the interactive advertising
system in 14 Guangxi cities. In the first phase, set-top boxes will be
deployed in supermarkets, department stores, office buildings and in
Guangxi Telecom's facilities in Nanning, Liuzhou, Guiling, Qinzhou,
Guigang, Wuzhou, Beihai and Baise. "UTStarcom has a great deal of
experience in successfully deploying and scaling advanced IPTV
solutions in China and around the world," said Robert Wu, CEO of
UTStarcom China. "The advertising deployment with Guangxi Telecom is a
strong demonstration of how UTStarcom is enabling new interactive
applications based on our RollingStream platform, and we'll continue to
work with leading service providers to provide innovative services for
their customers." UTStarcom's RollingStream end-to-end IPTV system
currently supports more than 850,000 live IPTV subscribers globally and
maintains a current total system capacity of more than 2.5 million
subscribers as a result of recent successful deployments in China with
China Netcom and China Telecom, in India with Bharti Airtel, MTNL/Aksh
and United Telecoms Limited, in Sri Lanka with SLT, in Japan with
Softbank, in Latin America with Brasil Telecom and in Taiwan with
Markwell.
Jul 21, 2008 -- Airspan Networks Inc. (NASDAQ: AIRN), a leading
worldwide provider of WiMAX-based broadband wireless access networks,
announced today that the Saudi Arabian carrier, Saudi Telecom, has
successfully deployed WiMAX services using Airspan's HiperMAX base
stations, which provide both fixed and mobile WiMAX solutions. The
second phase of the award is now being activated with Airspan supplying
its EasyST indoor and ProST outdoor subscriber terminals. Airspan is
working with its Saudi Arabian partner, Arabian Development and
Marketing Company, Ltd (ADMC), to supply Saudi Telecom with WiMAX
solutions. Saudi Telecom, the largest Tier 1 carrier in the country,
has a 3.5 GHz license covering the entire kingdom. It is deploying
Airspan's HiperMAX base stations, which will enable Saudi Telecom to
offer broadband data/internet & voice services based on an 802.16e-2005
ready WiMAX platform. This WiMAX equipment is being deployed to provide
broadband wireless connections to both urban and rural areas. Samir
Matbouli, Saudi Telecom's Vice President for the Enterprise Business
unit, said, "Saudi Telecom continues to strive towards its objective of
being a customer-centric and competitive company. We believe that WiMAX
technology is one of the important tools in broadband wireless access
technology which will enable Saudi Telecom to provide highly reliable
broadband voice and data access quickly on demand, everywhere and
anywhere, within Saudi Arabia. We are confident that Airspan's WiMAX
solution will help us to achieve our goals." Airspan's Senior Vice
President of Sales and General Manager of EMEA, Anders Rendahl,
commented, "We are very pleased to be working with Saudi Telecom in its
WiMAX initiative. We are fully committed to strengthen and continue our
strategic cooperation with them as their WiMAX business grows."
Jul 21, 2008 -- Alvarion Ltd. (NASDAQ: ALVR), the world's leading
provider of WiMAX and wireless broadband solutions, announced today
that it has recently been chosen by GO Mobile, Malta's mobile operator,
for a nationwide Mobile WiMAX network deployment. Using Alvarion's
4Motion solution with BreezeMAX as its RAN (radio access network), GO
Mobile plans to provide voice and data services at the 3.5 GHz
frequency band to the residents of the island of Malta. Rollout of the
commercial network is expected to begin in the next few weeks. The new
network will offer an enhanced portfolio of high quality wireless
broadband services over Alvarion's Mobile WiMAX solution, opening
opportunities for high speed Internet, as well as video, TV and gaming.
Alvarion's partner for this deployment project is SIAE MICROLETTRONICA,
the Italian based manufacturer, well known as one of the most
technology focused microwave companies. "With the challenge of
expanding network service throughout the entire island, we specifically
looked for a robust and feature rich solution with secure future
advantages," said Norbert Prihoda, Chief Mobile Operations Officer of
GO. "We chose Alvarion because it was the one vendor to answer to all
our demands, enabling us to guarantee nationwide coverage for optimized
broadband experience. This technology will augment our already
nationwide 3G-3.5G/HSDPA wireless coverage. This underpins our
multi-access nationwide data strategy with the utilization of different
technologies to provide the best value proposition for our customers.
Furthermore, Alvarion's commitment to OPEN WiMAX solutions will allow
us to provide advanced and high quality service with competitive
package deals, for the benefit of our customers," Mr. Prihoda added.
"We are pleased to be selected by GO Mobile, a most innovative and
leading mobile operator in Malta," said Tzvika Friedman, president and
CEO of Alvarion. "Increasing network capacity with our OPEN WiMAX
solution can promote lower operational costs and enable GO Mobile to
offer wireless broadband at affordable rates and ensure the same
quality of service and innovation for forthcoming expansions."
Market Wrap for July 21, 2008
The stock market posted a slight loss near the unchanged mark on
Monday. A rise in oil prices and a steep drop in shares of two major
pharmaceutical companies overshadowed a better-than-expected earnings
report from one of the world's largest financial firms. Bank of America
(BAC 28.52, +1.03) reported a 43% drop in earnings per share to $0.72.
However, the result easily topped Wall Street's forecast of $0.53 per
share, due to a lower-than-expected write-down of $1.2 billion. BofA's
CEO plans to recommend that the board leave the quarterly dividend at
$0.64 per share (9.0% annual yield at current levels). The financial
sector climbed 2.8% shortly after the opening bell, but settled with a
loss of 0.9% following some profit-taking efforts after last week's
11.4% surge. In corporate news, pharmaceutical companies Merck (MRK
35.39, -2.29) and Schering-Plough (SGP 18.99, -2.45) tumbled 6.1% and
11% respectively, due to continued concerns over the cholesterol drug
Vytorin. The companies delayed their earnings reports until after the
market close to discuss a report that said Vytorin does not lower the
risk of major heart valve problems. European pharmaceutical company
Roche Holdings offered to acquire the remainder of Genentech (DNA
93.69, +11.87) for $43.7 billion, or $89 per share in cash. Roche
already owns a 56% stake in Genentech. Shares of DNA are trading higher
than the offer price on speculation that Roche will have to raise its
bid. Yahoo! (YHOO 21.68, -0.77) and activist investor Carl Icahn have
reached an agreement regarding their pending proxy contest. Under the
deal, Icahn will be appointed to the board, and two more seats will be
filled from a list of nine candidates recommended by Icahn. In turn,
Icahn will withdraw his nominees for vote at the annual meeting. Three
of the ten sectors posted a gain. Energy stocks (+2.9%) led the way as
crude prices climbed 2.1% to $131.56. The advance in oil prices came as
a tropical storm entered the Gulf of Mexico. Consumer discretionary
(-1.3%), health care (-1.2%), and financials (-0.9%) were the main
laggards. On the economic front, June leading indicators fell 0.1%,
which is in-line with expectations. For the most part, the report is a
collection of previously announced economic indicators, and as a result
it had a limited impact on the stock market.
ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO
TO: www.investsourceinc.com.
To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to
www.ceo-corner.com. This opinion contains forward-looking statements
that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation to buy or sell securities. InvestSource, Inc. has prepared
all material herein based upon information believed to be reliable. The
information contained herein is not guaranteed by InvestSource, Inc. to
be accurate, and should not be considered to be all-inclusive. The
companies that are discussed in this release have not given an opinion
or approved the statements made in this release.
InvestSource, Inc. is not a licensed broker, broker dealer, market
maker, investment banker, investment advisor, analyst or underwriter.
InvestSource, Inc. affiliates, officers, directors and employees may
also have bought, or may buy the shares discussed in this opinion and
may profit in the event of a rise in value. InvestSource, Inc. will not
advise as to when it decides to sell and does not, and will not, offer
any opinion as to when others should buy or sell; each investor must
make that decision based on his or her judgment of the market. Please
consult your broker before purchasing or selling any securities
mentioned herein. InvestSource has agreed to be compensated $5,860 by
RDWG for services rendered. To view full disclaimers, please go to
http://investsourceinc.com/php/disclaimer.php (disclaimers).
CONTACT: InvestSource, Inc
WWW: http://www.investsourceinc.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
[ Back To TMCnet.com's Homepage ]
|
TMCnet LOGIN
Webinars
