
| FRIDAY - MAY 11, 2007 - ISSUE NO. 261 |
Dear Friends of Wireless Messaging, Just a reminder, the AAPC Wireless Forum will take place May 30 — June 1, 2007 at the Marriott Resort in Myrtle Beach, South Carolina. Hotel reservations must be made TODAY to guarantee the reduced rate of $143/night. To make reservations, call 800-644-2881 and be sure to reference either AAPC or Wireless Forum 2007. It is not too late to register at: www.pagingcarriers.org. We will have some of the top people—worldwide—from the wireless messaging industry:
Who said the public doesn't like wireless text messaging? SHAME-SHAME-SHAME on some paging “big shots” that I know. I heard the CEO of one of the big paging companies tell his management staff that he didn't want his company sending e-mail to his customers. Well, he got his way—then lost his job and that company doesn't exist today — KAPUTT. There is so much negative sentiment today against paging—it makes me sick. A good example is an article following from The Motley Fool. I don't like to publish articles like this but you and I need to consider all sides of the issue—the health and welfare of paging. (Maybe Fool is a good name for that column. What do you think?) I have said a million times—it ain't over yet! Please excuse my bad grammar. My college professor said it's OK to use bad grammar occasionally—for effect—if you know it's bad when you use it. Come and hear Ron Mercer's presentation at the conference in Myrtle Beach. He will be presenting some ideas about what we can do. (No I didn't teach him everything he knows! It was the other way around.) |
A new issue of The Wireless Messaging Newsletter gets posted on the web each week. A notification goes out by e-mail to subscribers on most Fridays around noon central US time. The notification message has a link to the actual newsletter on the Internet. That way it doesn't fill up your incoming e-mail account. There is no charge for subscription and there are no membership restrictions. Readers are a very select group of wireless industry professionals, and include the senior managers of many of the world's major Paging and Wireless Data companies. There is an even mix of operations managers, marketing people, and engineers—so I try to include items of interest to all three groups. It's all about staying up-to-date with business trends and technology. I regularly get reader's comments, so this newsletter has become a community forum for the Paging, and Wireless Data communities. You are welcome to contribute your ideas and opinions. Unless otherwise requested, all correspondence addressed to me is subject to publication in the newsletter and on my web site. I am very careful to protect the anonymity of those who request it. NOTE: This newsletter is best viewed at screen resolutions of 800x600 (good) or 1024x768 (better). Any current revision of web browser should work fine. Please notify me of any problems with viewing. This site is compliant with XHTML 1.0 transitional coding for easy access from wireless devices. (XML 1.0/ISO 8859-1.) | |||||||||
| AMERICAN ASSOCIATION OF PAGING CARRIERS |
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| AAPC BULLETIN |
| FEATURED ADVERTISERS SUPPORTING THE NEWSLETTER |
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Investor Relations - Press Release USA Mobility Reports First Quarter Operating Results Subscriber, Revenue and Expense Reduction Trends Improve Stockholder and Analyst Meetings Scheduled for May 16 ALEXANDRIA, Va., May 9 /PRNewswire-FirstCall/— USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging and communications services, today announced operating results for the first quarter ended March 31, 2007. Reported revenue for the quarter was $111.5 million. EBITDA (earnings before interest, tax, depreciation, amortization and accretion) totaled $35.1 million, while operating income was $21.8 million. First quarter results included:
"We continued to make significant progress during the first quarter," said Vincent D. Kelly, president and chief executive officer. "The annual rate of subscriber and revenue erosion showed further improvement as we focused our sales and marketing efforts on our core subscriber segments - including healthcare, government services and large business enterprise — and placed greater emphasis on our customer care and loyalty programs. While gross unit placements declined from robust fourth quarter levels, we were encouraged that total disconnects were flat with the prior quarter. As we move through 2007 we look for continued improvement in both gross placements and customer disconnects." Kelly added, "During the quarter we also established and solidified several key relationships that we believe will enhance our standing and prospects in the important healthcare market. We partnered with Amcom Software, Inc. to provide advanced automated wireless communications capabilities to healthcare organizations, we joined with the American College of Emergency Physicians as its official paging and cellular technology sponsor, and we expanded our customer relationship with the U.S. Department of Health and Human Services by providing devices for the agency's National Disaster Medical Systems unit, which is responsible for nationwide emergency medical response. We believe these alliances, and others, underscore USA Mobility's emerging role as a provider of essential wireless communications services to the hospital and healthcare industry as well as emergency medical and disaster preparedness organizations located throughout the country." Kelly also noted that the Company returned capital to stockholders again during the first quarter, consistent with its stated cash flow generation strategy and goal of returning cash to stockholders. The Company paid a regular quarterly cash distribution of $0.65 per share, or an aggregate amount of approximately $17.8 million, on March 15, 2007 to stockholders of record on February 22, 2007. The cash distribution was paid as a return of capital. In addition, the Board of Directors on May 2, 2007 declared both a regular quarterly cash distribution of $0.65 per share and a special cash distribution of $1.00 per share. Both the regular and special cash distributions will be paid on June 7, 2007 to stockholders of record on May 17, 2007. The Company expects the entire amount of both cash distributions, a total of approximately $45.1 million, to be paid as a return of capital. Thomas L. Schilling, chief financial officer, said the Company continued its aggressive expense reduction efforts during the quarter. "Operating expenses (excluding depreciation, amortization and accretion) of $76.4 million decreased 10.3 percent from the fourth quarter of 2006 and were 20.6 percent lower than they were a year ago," he said, "outpacing the year-over-year decline in revenue of 17.3 percent. Moreover, operating expense as a percentage of revenue was 68.5 percent in the first quarter, the lowest level since USA Mobility was formed in November of 2004. As a result, the combination of lower expenses, coupled with gradually improving revenue trends and slightly higher ARPU, contributed to an increase in both quarter-to- quarter EBITDA and EBITDA margin. While we are pleased and encouraged by these financial trends," Schilling said, "we are maintaining our previous financial guidance for 2007 of revenues between $400 million to $410 million, operating expenses — excluding depreciation, amortization and accretion — between $295 million to $300 million, and capital expenses between $18 million to $20 million." The Company is working with its auditors, Grant Thornton LLP, to finalize the implementation of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes. Once the implementation is complete, the Company will file its report on Form 10-Q for the quarter ended March 31, 2007 with the U.S. Securities and Exchange Commission. As previously announced, USA Mobility will host a meeting for financial analysts and other investors in New York City at approximately 10:30 a.m. on May 16, 2007, immediately following the Company's Annual Meeting of Stockholders. The Annual Meeting of Stockholders is scheduled for 10:00 a.m. at the offices of Latham & Watkins LLP, Suite 1200, 885 Third Avenue (53rd Street and Third Avenue). The analyst meeting, which will include a review of first quarter results, will be held at the same location. Financial analysts and others planning to attend the analyst meeting should RSVP to Shauna Fain at 703-718-6650 or shauna.fain@usamobility.com. For those investors unable to attend the analyst meeting, it will be webcast and accessible via conference call. The dial-in number for the call is 866-288-0540 (toll-free) or 913-312-6666 (toll). The pass code for the call is 4172209. A replay of the call will be available from 2:30 p.m. ET on May 16 until 11:59 p.m. on Wednesday, May 30. The replay number is 888-203-1112 (toll-free) or 719-457-0820 (toll). The pass code for the replay is 4172209. The analyst meeting will be webcast via the investor relations section of the Company's website at www.usamobility.com. About USA Mobility USA Mobility, Inc., headquartered in Alexandria, Virginia, is a comprehensive provider of reliable and affordable wireless communications solutions to the healthcare, government, large enterprise and emergency response sectors. As a single-source provider, USA Mobility's focus is on the business-to-business marketplace and supplying wireless connectivity solutions to more than 80 percent of the Fortune 1000 companies. The Company operates nationwide networks for both one-way paging and advanced two-way messaging services. In addition, USA Mobility offers mobile voice and data services through Sprint Nextel, including BlackBerry devices and GPS location applications. The Company's product offerings include customized wireless connectivity systems for the healthcare, government and other campus environments. USA Mobility also offers M2M (machine-to-machine) telemetry solutions for numerous applications that include asset tracking, utility meter reading and other remote device monitoring applications on a national scale. For further information visit www.usamobility.com. Safe Harbor Statement under the Private Securities Litigation Reform Act: Statements contained herein or in prior press releases which are not historical fact, such as statements regarding USA Mobility's expectations for future operating and financial performance, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause USA Mobility's actual results to be materially different from the future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include, but are not limited to, declining demand for paging products and services, our ability to continue to reduce operating expenses and to generate cash from operations, our future capital needs, competitive pricing pressures, competition from both traditional paging services and other wireless communications services, technological improvements in hand-held devices and transmission services offered by our competitors, government regulation, reliance upon third-party providers for certain equipment and services, as well as other risks described from time to time in periodic reports and registration statements filed with the Securities and Exchange Commission. Although USA Mobility believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. USA Mobility disclaims any intent or obligation to update any forward-looking statements. |
Source: USA Mobility Press Release (Financial Tables included)
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Foolish Forecast: USA Mobility Clings to Cash By Dave Mock The last bastion of a bygone era, U.S. paging king USA Mobility (NYSE: USMO) will report firs-quarter earnings on Wednesday. Let's get the jump on what's in store. What analysts say:
What management says: What management does:
*In millions. All data courtesy of Capital IQ, a division of Standard & Poor's. Data reflects trailing-12-month performance for the quarters ended in the named months. One Fool says: That huge yield comes with comparable risk, however, as the anticipated regular quarterly payout for 2007 is more than double the lone estimate for 2007 earnings per share — $2.60 vs. $1.03. Investors had better enjoy that yield while they can, because there is a tremendously high risk that it won't be around in just a few years. Fool contributor Dave Mock keeps his old numeric pager, figuring someday it will be a prominent display in a technology museum somewhere. He owns no shares of companies mentioned here. Dave is the author of The Qualcomm Equation. The Fool has a disclosure policy. |
Source: The Motley Fool
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Court rejects Vonage request for retrial By Stephen Lawson, IDG News Service, 05/03/07 A U.S. federal appeals court has rejected Vonage's request that it order a lower court to retry a patent-infringement case against the company, Vonage confirmed Thursday. The VoIP service provider, embroiled in a dispute with Verizon, had asked the U.S. Court of Appeals for the Federal Circuit to vacate an earlier jury verdict after a Supreme Court decision this week that is expected to change the way courts look at patent cases. Vonage was already appealing the verdict. The appeals court declined to order the U.S. District Court for the Eastern District of Virginia to retry the case, saying instead that Vonage could invoke the Supreme Court decision in its existing appeal, said Vonage spokeswoman Brooke Shulz. The Supreme Court ruling in the case of KSR International Co. vs. Teleflex Inc., released Monday, is expected to make it easier to invalidate new patents on the grounds that they are obvious combinations of existing inventions. Some legal experts have said the decision could affect the Vonage case. "We believe our appeal is strong, and are pleased the Court has given us the option to use the expanded obviousness test in our arguments before them. Vonage continues to believe the original verdict was based on erroneous claim construction — meaning the patents in this case were defined in an overly broad and legally unprecedented way," Vonage said in a prepared statement Thursday. The appeals court's decision was the outcome Verizon expected, a company spokesman said. Vonage's appeal is not expected to be heard until next year. Judge Claude Hilton of the district court issued an injunction on April 6 barring the company from signing up new customers using the technology, but the appeals court has since granted Vonage a permanent stay of the injunction until its appeal has been heard. |
Source: NetworkWorld
Intelligent Solutions for Paging & Wireless Data Wipath develops and manufactures a wide range if highly unique and innovative hardware and software solutions in paging and mobile data. Talk to us about your special project. If we haven’t already done it we probably can.
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PRESS RELEASE: Motorola says preliminary results indicate no seat for Icahn May 8, 2007 SCHAUMBURG, Ill., May 7 /PRNewswire-FirstCall/ — Motorola, Inc. (NYSE:MOT) today announced that, based on an estimate of the votes cast at the Company's Annual Meeting of Stockholders held today in Chicago, the Company believes that stockholders have re-elected Motorola's Board of Directors and did not elect Carl Icahn. "On behalf of Motorola's Board of Directors and management, we thank all of our stockholders for their continued support and confidence," said Ed Zander, Chairman and CEO of Motorola. "During the past few months, we have met with and listened to a large number of our stockholders, including Mr. Icahn, and we value their insights and perspective regarding Motorola. We are focused on executing our plan to improve the performance of our Mobile Devices business and building upon the strength of our strong Networks & Enterprise and Connected Home Solutions businesses. We remain steadfast in our commitment to continue building value for all of our stockholders." Prior to the closing of the polls at the Annual Meeting, all proxy cards received by Motorola and Carl Icahn were turned over to the independent inspector of elections, IVS Associates, Inc., for final tabulation and certification. Final results will be released after the votes have been tabulated and certified, which the Company expects to occur within a few weeks. Motorola will publicly announce the final results once they are made available to the Company. About Motorola Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks — along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com. SOURCE Motorola, Inc. |
Source: FierceWireless
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Messaging & Cellular
www.ProductSupportServices.com Call Or E-mail For More Information |
Hong Kong Hanky Panky In Dow Jones Vivian Wai-yin Kwok, 05.09.07, 3:18 AM ET HONG KONG - When the U.S. Securities and Exchange Commission opened a probe last week into unusual trading in shares of Dow Jones, few would have guessed that it would pursue insider trading charges against people so far outside the canyons of Wall Street. The U.S. securities watchdog filed a lawsuit in federal court in New York on Tuesday against a Hong Kong couple Tuesday for allegedly using insider information to make $8.2 million trading Dow Jones stock before the takeover bid from News Corp. (nyse: NWS - news - people ) was made public. The SEC is likely to probe the possibility that the inside information came by way of prominent Hong Kong banker David Li, a Dow Jones director who is a longtime business partner and friend of the father of the woman charged in the suit. The SEC accuses Kan King Wong and Charlotte Ka On Wong Leung of buying 415,000 shares of Dow Jones (nyse: DJ - news - people ) through an account with Merrill Lynch in Hong Kong during the two weeks before the News Corp. bid became public on May 1. Dow Jones shares surged 58% after the news, giving the couple an $8.2 million profit when they sold on May 4, the SEC said. (See “ Insider Trading in Dow Jones”) The watchdog did not make public any claims as to the source of the couple’s information, however it said in court filings that the pair obtained $3.2 million that was used to buy Dow Jones shares from Charlotte Wong’s father, Hong Kong telecom pioneer Michael Leung Kai Hung. Leung was not named in the complaint by the SEC, which said its investigation is ongoing, nor was Dow Jones board member Li, who is the chairman and chief executive of the Bank of East Asia (other-otc: BKEAF - news - people ). The 64-year old Leung is a social worker turned telecom entrepreneur who has been involved in starting a number of companies in Hong Kong, including China Resources People’s Telephone, which was sold to China Mobile (nyse: CHL - news - people ) last year. After he cashed out of People's Telecom with more than HK$600 million ($76.7 million), Leung started a venture with his sons Eugene and Vincent selling expensive bras branded Top Secret. Leung and Li have a number of business ties. According to People’s Telephone’s 2004 IPO prospectus, its principal banker was Bank of East Asia. Leung and Li have a number of business ties. According to People’s Telephone’s 2004 IPO prospectus, its principal banker was Bank of East Asia. Leung is a member of the board of the Canadian subsidiary of the bank, which is Hong Kong’s largest homegrown lender. Both men serve on the executive committee of the St. James Settlement, a Hong Kong social services agency. And in 1990, Leung co-founded the Hong Kong pager company Telepaging Ltd. with Dickson Poon, the retail tycoon who is a brother-in-law of Li. Li told the Wall Street Journal, "I did not disclose to anyone, not even my wife, any information about Dow Jones." Li, who is a member of the Executive Council and Legislative Council of Hong Kong, comes from a prominent family that has played a leading role in politics, business and the law in Hong Kong for almost a century. He gained a measure of notoriety in 2002 when paparazzi caught the married man in a liaison in Paris with the daughter of another prominent Hong Kong banker. Leung’s 34-year-old daughter Charlotte served as executive director of People’s Telephone until the company was acquired by China Mobile. She earned bachelor’s and master’s degrees from Cambridge University in the United Kingdom, and worked at Citibank and ABN Amro (nyse: ABN - news - people ) before joining her father’s company in 2004. Her husband Kan King Wong ran a telecom company called mVantage that had a consultancy contract with People’s Telephone. Interviewed by Hong Kong’s TVB News, Leung said he learned about the charges against his daughter and son-in-law on Tuesday midnight Hong Kong time, but refused to discuss the case on the advice of his counsel |
Source: Forbes.com
GTES has recently made the strategic decision to expanding its development activities to include wireless location technologies; a market that researchers forecast could reach $3.6 billion by 2010. In support of this new strategic direction, GTES has developed SHERLOC™ a complete one-stop wireless location service, providing the flexibility of being protocol neutral and network agnostic. Targeted at business customers who need to track their high-value shipments or better manage their service or delivery fleets, SHERLOC™ is a hosted application that combines configuration flexibility with ease of use. GTES is offering SHERLOC™ services both directly and through authorized resellers. If your company has an interest in finding out how location services can enhance your revenue stream, and has the contacts and expertise to make you successful in the location marketplace, please contact us for further information at www.sherlocgps.com and select “Reseller Opportunities,” or call us at 770-754-1666 for more information. www.gtesinc.com GTES is the only Glenayre authorized software support provider in the Paging industry. With over 200 years of combined experience in Glenayre hardware and software support, GTES offers the industry the most professional support and engineering development staff available. Continued Support Programs CALL US TODAY FOR YOUR SUPPORT NEEDS
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