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October 2, 2008 -- Praebius Communications, Inc. (Other OTC:PRCM.PK) has announced that it has completed its Ad Systems first year installation and contracts into nearly 250,000 subscribers in Franchise Cable TV Systems, Multiple Dwelling Units, University Campuses and Hotels. The systems installed allows Ad Systems, Inc. to be the exclusive cable advertising sales company for all systems on cable TV networks such as CNN, ESPN and USA.
J. Michael Heil, CEO of Praebius Communications, Inc., states, "The Ad Systems Technology is working perfectly and over the summer we added a traffic and billing module to our technology quiver in all of our system installations. We also have a tremendous contract backlog and this allows us to capture and keep more of the ad revenue we generate. The AD Systems configuration also allows system management to be virtual allowing centralize management of systems throughout the country." Dave Allen, Ad Systems V.P. of Sales, notes: "We are finding that there are many areas of the country that have been without our system and the cable Ad Insertion capabilities and the way we do business allows us to fill that void. Local, regional and national advertisers can now advertise into zip codes and to markets that have been previously unreachable with video ads."
October 2, 2008 -- WiMAX World 2008 -- Motorola, Inc. (NYSE: MOT | Quote | Chart | News | PowerRating) today announced that its USBw 100 has won the Best of WiMAX World 2008 Award for devices/peripherals/application software and that it has been selected for the WiMAX World 2008 Industry Choice Award for the second consecutive year. Presented by xchange Magazine and Trendsmedia and judged by an independent panel of WiMAX industry experts, the Best of WiMAX World Awards honor the significant contributions of WiMAX industry leaders and their work in advancing the technology's adoption.
The Industry Choice Award is given to the product or deployment chosen by the WiMAX World 2008 delegates to be the most innovative and esteemed of the year. The 16 Industry Choice finalists were chosen by the selection committee, and online voting was held on the WiMAX World 2008 web site prior to the conference and then at the show during exhibit hours yesterday. Motorola received the Best of WiMAX World USA 2007 Award for the Motorola WiMAX CPEi 850 Series Desktop CPE.
Shaped like a thumb drive, the USBw 100 offers indoor and outdoor mobile and nomadic wireless connectivity through WiMAX networks operating in the 2.3 GHz, 2.5 GHz and 3.5 GHz bands. The USBw 100 plugs into a USB port on a laptop and quickly connects to an available WiMAX network. Users on the go are free to surf the web, check emails, and stream video and audio files just as they would from a home computer. The USBw 100 is expected to be available in Q4 2008.
October 2, 2008 -- At the Nokia Remix event held today in London and Singapore, Nokia (NYSE: NOK | Quote | Chart | News | PowerRating) announced the debut of its pioneering Comes with Music digital entertainment service which offers consumers a new way to discover and enjoy music. Customers who buy a Comes With Music device will be able to explore and enjoy a diverse catalog of music of international and local artists with unlimited access to millions of tracks for a year, keeping the music once the year is over and revolutionizing their digital music experience.
Comes With Music offers one year of unlimited access to the entire Nokia Music Store catalogue and customers can keep all the music that they have downloaded at the end of the year to continue enjoying their music collection. Comes With Music will be available across a range of Nokia devices, including the new Nokia 5800 XpressMusic - also announced today and the Nokia N95 8GB and Nokia 5310 XpressMusic. With more than 10 million units sold globally since its introduction last year, the Nokia 5310 XpressMusic is the best selling music phone in the world.
EMI Music has joined as the latest major label to support Comes With Music.
Comes With Music will also feature a tremendous selection of independent music, courtesy of deals with The Orchard (NASD: ORCD - News), Beggars Group, IODA, the Ministry of Sound, PIAS and Pinnacle. These companies join Universal Music Group, Sony BMG Music Entertainment and Warner Music Group in supporting Comes With Music. Nokia has also secured music publishing rights from CELAS on behalf of EMI Music Publishing, GEMA on behalf of Sony/ATV Music Publishing, SACEM on behalf of Universal Music Publishing, as well as the MCPS-PRS Alliance.
October 2, 2008 -- Sonus Networks (Nasdaq: SONS), a market leader in IP communications infrastructure, today announced that it has completed the first phase implementation of a next-generation network (NGN) deployment with Bandwidth.com. The new all IP network at Bandwidth.com will deliver secure, advanced business communications services to small and medium businesses across the United States.
Bandwidth.com is introducing a complete Sonus IP-based session control network as part of the company's business plan to become a nation-wide competitive local exchange carrier (CLEC). The first services on the Sonus-based network are already live, providing integrated access services in 300 metropolitan markets. The services include unlimited calling, Internet service and the capability to work with most enterprise phone systems at flat-rate price points.
"Our ability to serve small businesses has driven Bandwidth.com's dramatic growth," said David Morken, co-founder, CEO and president at Bandwidth.com. "We partner with Sonus because they share our vision for innovation and have a track record of delivering reliable, scalable and cost effective networks. We invest in industry leading technology, anticipating demand for our mission critical services like SIP trunking. Using Sonus infrastructure ensures that Bandwidth.com's network is optimized intelligently to provide for and ultimately capture that demand." Bandwidth.com will deploy the complete, end-to-end Sonus solution, including the ASX(TM) Access Server, GSX9000(TM) Media Gateway, PSX(TM) Call Routing Server, SGX(TM) Signaling Gateway, the NBS(TM) Network Border Switch as the Session border controller for IP Access and Trunking and the Sonus Insight Management System.
Market Wrap for October 2, 2008 The Dow made its third three-hundred point swing of the week Thursday. This time it finished near its worst point of the session after trending lower throughout the day.
A sense of pessimism was present from the start as participants remained uncertain about the economy's direction, and whether a revised version of the $700 billion asset purchase plan will find favor in the U.S. House of Representatives.
Weekly initial jobless claims remain at an elevated level and continue to suggest a week job market. Claims for the week ending September 27 increased 1,000 to 497,000, exceeding the 475,000 claims that were expected. Part of the increase is due to hurricane-related damages. The four-week moving average increased to 474,000 from 462,500.
August factory orders declined 4.0%, exceeding the widely anticipated 3.0% decline. The decline is the first since February and the largest decline since October 2006.
Even though the U.S. Senate passed its version of the $700 billion asset purchase plan, many question whether the House will approve. The House has already voted down a version of the bill, which sent stocks plunging this last Monday.
Additionally, the Securities Exchange Commission extended its ban on short selling certain stocks through October 17. Should the financial relief plan pass, the ban will expire three business days after its enactment.
The session's weakness was broad based as every economic sector finished lower. The decline was most pronounced among materials stocks (-8.0%). All 30 of its members finished with losses.
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