posted
I dont know may hang low for a while. i'll keep eye on it though and not the glass 1. =]
Posts: 96 | From: OK | Registered: Jan 2006
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posted
Wow! Stockfever. I wish I would of bought in January when you gave me a Heads-up on this thing.
Posts: 10729 | From: oregon | Registered: Feb 2005
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Candlestick Analysis Today’s Candlestick Patterns: White Candlestick Bullish Kicking
Today a White Candlestick was formed. This represents normal buying pressure. For more about this candlestick click here.
The last two candlesticks formed a Bullish Kicking Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended. For more about this pattern click here.
-------------------- Always do your DD!! Posts: 258 | Registered: Aug 2005
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MediaBay Retains MediaTech Capital to Review Strategic Options to Maximize Shareholder Value PR Newswire - February 07, 2006 08:31 Company Seeks Opportunities For Growth
Feb 07, 2006 /PRNewswire-FirstCall via COMTEX/ -- MediaBay, Inc. (Nasdaq: MBAY) today announced that in an effort to maximize shareholder value and further capitalize on the company's proprietary content and evolving digital distribution business, MediaBay has retained MediaTech Capital Partners to assist the company in reviewing and possibly executing a variety of strategic options available to the company.
MediaTech is working with the Company to identify the best strategic alternatives to enable the Company to maximize shareholder value and will help the Company execute on any strategy that may be developed. Working with MediaTech, the Company has determined that one likely aspect of this strategy is to accelerate distribution of the Company's content to wireless markets.
Jeff Dittus, Chief Executive Officer of MediaBay stated, "To accelerate the Company's distribution in the global wireless marketplace our Board of Directors has authorized Management to implement an acquisition program. As part of this strategy, the Company will also evaluate seeking strategic partners that can assist with this strategy and lower our execution risk."
Porter Bibb, Managing Partner of MediaTech said, "We see significant opportunities in the mobile content market and MediaBay has an ideal platform from which to build upon. The entertainment market that the company is in has explosive qualities with new vertical opportunities being presented every day. We will work with the company to identify the most advantageous opportunities and seek to develop a plan to best enhance shareholder value."
In its first year of pursuing its digital strategy, MediaBay has become well positioned to become a leading distributor of its audio entertainment to the US music services via its partnerships with MSN, Real and MusicNet (which currently services some of the webs largest music sites including Yahoo, HMV and Virgin and the soon to be launched MTV service Urge) as well as both US satellite radio companies XM and Sirius.
According to ZDNet, worldwide sales of music via the Internet and mobile phones hit $1.1 billion in 2005, triple of 2004 sales and accounting for 6% of global record company revenues. IFPI said music fans around the globe downloaded 420 million single tracks in 2005, more than double the 156 million downloaded in 2004.
However, digital content marketing and distribution is a global business in its infancy, and to effectively reach this market, MediaBay needs a more aggressive partnering strategy. According to the USA today, 200 million people in China are studying English, and there are projected to be 393 million cell phone subscribers at the end of 2005 in that country, which compares to close to 200 million in the US and 208 million in Europe.
According to Nokia one of the world's leading mobile phone suppliers, global shipments of cell phones should exceed 800 million handsets in 2006, with a growing a number of those classified as smart phones that support advanced multi-media features that combine music and video players seamlessly. Management hopes that its spoken word audio entertainment and educational content will become an important offering to this global user base.
-------------------- Always do your DD!! Posts: 258 | Registered: Aug 2005
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