As required by law, Clearwire has filed an "on-going concern" statement with the Securities and Exchange Commission.
"Our ability to continue to operate our business is substantially dependent on our ability to raise additional capital in the near term," the SEC filing (10Q) says. "Our expected continued losses from operations and the uncertainty about our ability to obtain sufficient additional capital raise substantial doubt about our ability to continue as a going concern."
The filing notes that during the first nine months of fiscal 2010, Clearwire incurred $1.55 billion of net losses. The company consumed $840.8 million of cash in operating activities and spent $1.96 billion for capital expenditures.
"As of September 30, 2010, we had available cash and short-term investments of approximately $1.38 billion," Clearwire said. "Based on our current projections, we do not expect our available cash and short-term investments to be sufficient to cover our estimated liquidity needs for the next twelve months."
That's why Clearwire has been out looking for debt, equity or spectrum sales for financing. "Without additional financing sources, we forecast that our cash and short-term investments would be depleted as early as the middle of 2011."
"Thus, we will be required to raise additional capital in the near-term in order to continue operations. Further, we also need to raise substantial additional capital over the long-term to fully implement our business plans," the filing says.
read the whole filing here
Friday, November 5, 2010
Clearwire Issues "Going Concern" Warning
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Take Viewing Breaks When Watching 3D Sports, ESPN Says
Researchers at ESPN have been testing user reaction to three-dimensional sports programming. While some viewers in an ESPN lab study experienced eye strain and headaches while watching the soccer World Cup in 3D, the adverse effects were reduced after viewers took breaks, ESPN says.
"We think that breaks are a good thing for 3D viewing," says Duane Varan, executive director of the Disney Media and Advertising Lab.
"We think that breaks are a good thing for 3D viewing," says Duane Varan, executive director of the Disney Media and Advertising Lab.
Most adverse effects are reported on the first day that a viewer watches 3D programming, and are reduced in subsequent days as viewers get more accustomed to it.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
U.S. International Calling Estimated at Nearly $24 Billion
About 25 percent of U.S adults make international calls, and of those who spend money to make such calls, the average spend is approximately $34 every month, according to Harris Interactive.
With an estimated 235 million U.S. adults, this works out to roughly 58.8 million Americans spending nearly $1.98 billion on international calls outside of the U.S. monthly and $23.8 billion annually.
For adults who make international calls, the majority do so using a landline (51 percent), either a traditional landline service provider (42 percent) or a VoIP service such as Vonage (12 percent). Another 44 percent make international phone calls using their mobile phones.
For adults who make international calls, the majority do so using a landline (51 percent), either a traditional landline service provider (42 percent) or a VoIP service such as Vonage (12 percent). Another 44 percent make international phone calls using their mobile phones.
About 25 percent of those who make international phone calls do so using their computer through software based services like Skype, while 20 percent use calling cards.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
BroadCloud Simplifies Hosted UC and IP Telephony
It sometimes is difficult to keep clear the distinctions between hosted and "cloud-based" services, but for BroadSoft, the difference between "BroadWorks" and BroadCloud" is the difference between a service provider hosting the app servers in their own network and having BroadSoft host the apps "in the cloud."
As you might imagine, there is a key difference in terms of how fast a customer can get a branded service up and running, the degree of resilience and the amount of integration work that might have to be done to get a BroadWorks solution up and running.
BroadCloud will include BroadSoft’s current SaaS products, PacketSmart and Casabi, as well as new unified communications services including instant messaging and presence; "BroadCloud Video," a high-definition, always-on, meet-me videoconferencing service, "BroadCloud Web Collaboration," a suite of web-based collaboration options, including screen sharing, a document library, chat, audio and video support and whiteboarding.
BroadCloud PacketSmart is a network assessment and monitoring service, while BroadCloud Casabi enables the delivery of group SMS, personalized content and tools that help keep families organized.
As you might imagine, there is a key difference in terms of how fast a customer can get a branded service up and running, the degree of resilience and the amount of integration work that might have to be done to get a BroadWorks solution up and running.
BroadCloud will include BroadSoft’s current SaaS products, PacketSmart and Casabi, as well as new unified communications services including instant messaging and presence; "BroadCloud Video," a high-definition, always-on, meet-me videoconferencing service, "BroadCloud Web Collaboration," a suite of web-based collaboration options, including screen sharing, a document library, chat, audio and video support and whiteboarding.
BroadCloud PacketSmart is a network assessment and monitoring service, while BroadCloud Casabi enables the delivery of group SMS, personalized content and tools that help keep families organized.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
US Smartphone Penetration Leads Europe
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Both "Open" and "Closed" Information Models Work on Web
Two fundamentally different models have competed in Web-based information markets.
In one model, an information provider formats the presentation of information, selling advertising space to another party. These sites want search engines to find them. This model involves little gatekeeping of the user. Much of the open commercial Web operates this way.
In the other model, an information provider sells passwords to users. The passwords either allow unlimited access to a wide range of material, or they allow the vendor to track usage and require incremental payments roughly proportional to the material delivered and received. The passwords are a form of gatekeeping, and these sites generally do not allow search to threaten that gatekeeping ability.
In one model, an information provider formats the presentation of information, selling advertising space to another party. These sites want search engines to find them. This model involves little gatekeeping of the user. Much of the open commercial Web operates this way.
In the other model, an information provider sells passwords to users. The passwords either allow unlimited access to a wide range of material, or they allow the vendor to track usage and require incremental payments roughly proportional to the material delivered and received. The passwords are a form of gatekeeping, and these sites generally do not allow search to threaten that gatekeeping ability.
The recent testing of "paywalls" for newspaper content will shift some content from an "open" to a "gatekeeper" mode. Will it work? It likely depends on the uniqueness of the content, and whether users can find reasonable substitutes elsewhere on the open Web.
Both ad-supported and "paywall" models can work, but the latter really does require uniqueness, one might argue. The Wall Street Journal has been behind a paywall all along, and has been the salient example of a gated approach that seems to work.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Study Suggests 20% Would Cut Broadband Access Cord and Go Mobile
About 20 percent of fixed broadband access users surveyed by Nokia Siemens Networks in France, Germany, Spain and the United Kingdom want to "cut the cord" and buy mobile broadband service instead, the Nokia Siemens Networks "Mobile Broadband Study 2010" has found.
More than half of mobile broadband users say they are interested in high-speed mobile broadband or LTE and half of respondents report they already use mobile broadband, mostly on their phones.
More than half of mobile broadband users say they are interested in high-speed mobile broadband or LTE and half of respondents report they already use mobile broadband, mostly on their phones.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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