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VLTC vs. ETF Alternatives
Monday, Aug 192013, 4:08 PM
Monday, Aug 192013, 4:08 PM| Comment!
- Voltari (VLTC -5.8%) hires John Breeman as CFO. Breeman previously served as CFO of Mojiva, a mobile advertising solutions company which underwent a restructuring of its own.
- Breeman's appointment is another step in Voltari's transformation. The company has shed its legacy U.S. carrier infrastructure operations to focus on its mobile media/advertising business.
Wednesday, Aug 142013, 9:02 PM
Wednesday, Aug 142013, 9:02 PM| Comment!
- Voltari (VLTC -3.9%) takes a dive after releasing Q2 results.
- On July 30, the company finished the unwinding of its U.S. carrier hosting business and will be solely focused on its mobile media business going forward. The company will retain $332.6M in NOLs expiring between 2019-2032 from its discontinued carrier operations.
- As of Aug. 12, Carl Icahn owned 30.4% of outstanding common stock, 95.5% of all series J preferred stock (current redemption value of $33M, including 13% PIK annual dividends to-date of $2.9M), and $20M in 10% debt maturing Aug. 2013.
- The company's mobile media operations are comprised of Voltari Media and Enterprise. Whereas Voltari broke out the units in Q1, it did not in Q2. It's likely the enterprise segment continues to decline, with most of the decline made up by growth in the Voltari Media business. SA contributor Paulo Santos made a case for the company back in July.
Wednesday, Aug 142013, 7:12 AM
Wednesday, Apr 242013, 12:44 PM
Monday, Dec 242012, 1:19 PMMotricity (MOTR -33.3%) crashed to a mere $0.43 after disclosing AT&T is terminating a deal under which Motricity hosts Ma Bell's MediaNet and ATT.net portals in exchange for monthly fees. The deal accounted for 42% of Motricity's revenue over the first 9 months of 2012. An agreement by which Motricity manages AT&T's AppCenter (far from its most popular data service) remains in place. |Monday, Dec 242012, 1:19 PM| Comment!
Thursday, Mar 12012, 7:13 PMMore on Motricity (MOTR): Q4 misses across the board on lower than anticipated sales in its managed and professional services units. Revenue declined 31% Y/Y as the company struggles to exit the majority of its international businesses and significantly streamline its operations. Shares -7.7% AH. |Thursday, Mar 12012, 7:13 PM| Comment!
Thursday, Mar 12012, 4:46 PM
Friday, Dec 302011, 7:55 PM
Tuesday, Nov 152011, 1:37 PMMobile advertising and Web portal provider Motricity (MOTR -9.9%), which received a loan from Carl Icahn in September, continues its 2011 freefall after reporting Q3 results. Revenue of $30.4M (-20% Y/Y) and EPS of -$0.31 missed consensus by $1.4M and $0.22... and that's excluding $162.3M in impairment charges. Motricity shares are down 92% YTD. |Tuesday, Nov 152011, 1:37 PM| Comment!
Friday, Oct 142011, 10:29 AMAnalysts continue singing Google's (GOOG +5.9%) praises following Q3 results. Many are noting how mobile advertising is becoming a big business for the search giant, even if ad rates are lower than for PC ads. Mobile games developer Glu Mobile (GLUU +6.9%) and mobile ad provider Motricity (MOTR +6.7%) appear to be rising in sympathy. (transcript) |Friday, Oct 142011, 10:29 AM| Comment!
Friday, Sep 232011, 8:52 AMMotricity (MOTR), a provider of mobile advertising and web portal solutions, gains 7.5% premarket after announcing it's received a $20M loan from Carl Icahn, and stating Icahn has a 14.6% stake in the company. Motricity also says it's hired a firm to explore strategic options, such as a spinoff or sale, and is "reviewing various financing options." (previously) |Friday, Sep 232011, 8:52 AM| Comment!
Thursday, Sep 152011, 8:51 AMThough Google (GOOG) is the clear leader in the booming mobile ad space, the company is facing challenges from upstarts. The latest proof: mobile ad network InMobi, which has a strong Asian position, will be raising $200M in funding from Japan's SoftBank (SFTBY.PK). VELT and MOTR also have lofty ambitions for the mobile ad market. |Thursday, Sep 152011, 8:51 AM| Comment!
Wednesday, Aug 312011, 4:27 PMFlurry Analytics claims U.S. ad inventory for mobile apps has grown at such a rapid pace that its value could match the value of all U.S. display ad spending in 2011. This is unlikely, since much mobile inventory goes unsold, but it does demonstrate the growth potential of the mobile market for ad companies such as GOOG, VELT, and MOTR. |Wednesday, Aug 312011, 4:27 PM| Comment!
Monday, Aug 222011, 9:41 AMMobile advertising firm Motricity (MOTR) is up 4.5% after announcing it has fired CEO Ryan Wuerch, and appointed COO Jim Smith to be its interim CEO. Motricity shares were clobbered earlier this month on account of the company's dismal Q2 results and Q3 guidance. |Monday, Aug 222011, 9:41 AM| Comment!
Monday, Aug 222011, 9:00 AMPremarket gainers: YGE +10%. CLWR +10%. IRE +7%. AMR +6%. SNY +5%. RCL +5%. TOT +5%. HMY +5%. LVLT +5%. SODA +5%. GSK +5%. RDS.A +5%. LDK +6%. SGEN +6%. AA +4%. MCP +4%. MPEL +4%. AZN +4%. MGM +4%. UN +4%. FTE +4%. RF +4%. RENN +4%. KCI +4%. MT +4%. MOTR +4%. SAP +4%. NVS +4%. F +4%. HAL +3%. CAT +2%. AKS +3%. BIDU +3%. EK +3%. DRYS +3%. LOW +3%.
Losers: RBS -4%. |Monday, Aug 222011, 9:00 AM| Comment!
Wednesday, Aug 102011, 9:00 AM