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Jul 15, 2008 -- Road Wings, Inc. (PINKSHEETS: RDWG), a Southern Nevada-based public company, announced that it has concluded a stock purchase agreement with OneFi Technology, Inc. of Orange, California. OneFi Technology has developed both a hardware solution for the next generation wireless broadband technology and a software applications package which allows all bandwidth to be optimized. The WiMax technology, operating according to the 801.16e protocol which is the recently adopted international standard, will send a wireless signal for ten (10) miles. OneFi Technology uses the technology to spread signals in a wireless cloud. Users may access the signal to connect to the Internet or the OneFi Technology VoIP. The software (patent pending) developed in-house by OneFi Technology allows the Company to offer greater yields on available bandwidth. The Company's algorithms approach the common IP protocols and maximize the available throughput so as to enhance IP performance. OneFi Technologies CFO, Mr. Tom White, stated, "Our software solution allows for us to present a program for communities which is not only competitive from a capex position, but allows for an ongoing opex advantage." Privately held OneFi Technology is "looking forward to a tremendous growth and sizeable market share of the global bandwidth distribution segment," according to Chet Noblett, the CEO at OneFi Technology, Inc. Road Wings is set to implement the technology near its home base in Las Vegas, NV, in response to expressed interest from major hotels in the area.
Jul 15, 2008 -- Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of WiMAX broadband wireless access networks, announced today that wi-tribe limited Jordan has contracted for additional WiMAX equipment to expand their network across the country. wi-tribe limited Jordan is a subsidiary of wi-tribe, a joint venture between The Qtel Group (Qatar Telecom) and the A.A. Turki Group of Companies (ATCO) together with a proactive partnership with Clearwire, originally selected Airspan as their preferred supplier in January of 2008. wi-tribe Jordan has deployed Airspan's 3.6-GHz HiperMAX solution which today allows a carrier the choice of fixed or mobile WiMAX on a single hardware platform. Airspan's HiperMAX base station with advanced radio technologies has enabled wi-tribe to minimize the number of base stations required for indoor coverage. wi-tribe recently launched commercial service on their network and are now in the expansion phase of their successful deployment. Similar to other Airspan customers, wi-tribe is growing their HiperMAX network with the confidence that it will be compatible with any future WiMAX roadmap. Anders Rendahl, Airspan's Senior Vice President and General Manager of EMEA, commented, "We're very happy to see wi-tribe's success and to be the partner for their expansion. wi-tribe is an innovative carrier in a market which has excellent opportunities for broadband growth." CEO of wi-tribe Jordan, Dr. Bassam Hannoun, said, "We are pleased to partner with Airspan and provide a top notch customer experience. Over the course of the last few weeks, we have welcomed the residents of West Amman to be a part of the vibrant world of wi-tribe Jordan."
Jul 15, 2008 -- Amdocs (NYSE: DOX), the leading provider of customer experience systems, and Slovak Telekom, today announced that Slovak Telekom will upgrade and expand its usage of Amdocs OSS (operations support systems). Slovak Telekom will deploy a variety of products from Amdocs' OSS portfolio to manage service fulfillment for its Internet-Protocol (IP)-based services, such as broadband, and as a platform for its next generation OSS. In addition, Amdocs has been selected as the prime contractor for project delivery. Slovak Telekom is a longstanding Amdocs OSS customer and will upgrade to the Amdocs Cramer6 OSS Suite to take advantage of new features as it modernizes its OSS architecture. In addition, Slovak Telekom will expand its usage of Amdocs OSS with the purchase of Discovery Engine, a key product within the suite. This will enable Slovak Telekom to improve its network discovery processes, which is the ability to identify equipment and resources actually deployed in the network. With more accurate network inventory and data integrity, Slovak Telekom can improve its network capacity management, fulfillment and assurance processes. As a result, Slovak Telekom can reduce capital expenditure, reduce time to market for new services, and improve customer satisfaction through faster response to network outages. "Slovak Telekom has decided to modernize its service and network inventory management system as a fundamental step towards the inevitable OSS transformation to a service-oriented architecture, a next generation OSS program known as NGOSS," said Stanislav Pavlovic, director of IT Division/System Integration Unit at Slovak. "By adding new products such as Service Catalog and Delivery Engine, this upgrade gives us access to further off the shelf software, which will help us to simplify integration, reduce our total cost of ownership and increase automation. The integration of Amdocs Discovery Engine with network resource management will enable us to significantly improve data accuracy. As a result, we believe we have more configurable and agile OSS environment."
Jul 15, 2008 -- Sierra Wireless (NASDAQ: SWIR | Quote | Chart | News | PowerRating) today announced that the Compass(TM) 597 USB modem is now available in Canada from TELUS. The Compass 597 USB modem provides TELUS customers with access to wireless high-speed Internet in a small, cleanly designed USB stick that slips easily into a pocket. The Sierra Wireless Compass 597 USB Modem gets customers connected to the TELUS Mobile Broadband network quickly and easily, with TRU-Install(TM) software installation for both Mac and PC users. Installation is as simple as plugging the modem into the USB slot and stepping through the process, with no extra CD or downloads required. With download speeds averaging between 450 to 800 kilobits per second (kbps) and upload speeds averaging 300 to 400 kbps on the TELUS high speed wireless network, users only need a few seconds to send a presentation to a client, download large email attachments, or upload a photo to share from anywhere within the coverage area. The TELUS network (inclusive of data roaming) reaches 5.6 million wireless subscribers. "The Compass 597 USB Modem is TELUS' newest and smallest modem available and provides seamless access to our high-speed EvDO Rev A wireless network faster and easier than ever," said Stephen Ospalak, vice-president of mobile and Future Friendly Home devices at TELUS. "Sierra Wireless designed a great looking and useful tool for clients on-the-go, and with the inclusion of a microSD card slot for convenient file storage, they will enjoy the smoothest digital experience they can get on our EvDo Rev A network, Canada's largest high-speed network(x)." Dan Schieler, Senior Vice President of Worldwide Sales for Sierra Wireless, said, "With its small size, appealing design, and user-friendly installation and activation features, the Compass 597 USB Modem has a lot to offer TELUS customers looking for a simple way to stay linked in to their business and personal networks. Users can depend on the Compass 597 for reliable connections and quick transfer speeds so they can work efficiently without the need to hunt for hotspots."
Market Wrap for July 15th, 2008
Tuesday was an extremely busy and volatile session as market participants digested testimony from Fed Chairman Bernanke, several economic and earnings reports, and a plunge in crude oil prices. With regard to Bernanke's testimony before the Senate Banking Committee, the Fed chairman mostly reiterated previous views that he or other Fed officials have already expressed. Bernanke noted significant risks to downside growth, and "intensified" inflation risks. In turn, the Fed raised its 2008 inflation forecast. In heavy trading, the stock market fell 2.2% shortly after the open, rallied to a 0.5% gain in an afternoon surge and then settled with a loss of 1.1% following a late-session sell off. Financials were at the forefront of this session's decline and volatile action. The sector slumped to a 5.7% loss shortly after the opening bell on continued concerns regarding Fannie Mae (FNM 7.03, -2.70) and Freddie Mac (FRE 5.29, -1.82), a tepid response to US Bancorp's (USB 22.70, -0.63) earnings and an Oppenheimer downgrade of Wachovia (WB 9.11, -0.73). There did not appear to be a specific cause for the tumble in crude prices, which occurred during Bernanke's testimony. Oil prices settled the day down 4.5% at $138.62 (prices fell as much as 6.4% after being up 1.1% early in the session). The stock market responded positively to the drop in crude prices, although some enthusiasm faded late in the session. Four sectors ended the session with a gain. Health care led the way with a 1.3% advance, aided by positive earnings and outlook from Johnson & Johnson (JNJ 67.67, +1.26). The energy sector posted the largest decline of 4.2%, coming under selling pressure as crude prices sank. On the economic front, the June Producer Price Index (PPI) -- an inflation reading -- came in mixed. Total June PPI rose above expectations as higher energy and food prices drove up costs, while core PPI, which excludes food and energy prices, increased by a lower than expected amount. June retail sales were disappointing, falling short of expectations. However, the results do not alter our view that real GDP should increase by at least 2.5% in the second quarter. Specifically, retail sales rose 0.1% (consensus +0.4%), retail sales ex-autos rose 0.8% (consensus +0.9%). A larger portion of the ex-autos number is due to the 4.6% increase in gasoline sales on an adjusted basis. Excluding gas, retail sales were down 0.5% from the prior month.
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