posted
I think that the long holders will be rewarded here as well though. I mean, what happens to a company that has shown no profit for 5 years when all of a sudden they have Motorola selling their wares? They have to have good news on the horizon.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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Amedia Announces First U.S. Shipment of Outdoor Home Gateways Wednesday April 12, 9:15 am ET
EATONTOWN, N.J.--(BUSINESS WIRE)--April 12, 2006--Amedia Networks, Inc. (OTCBB:AANI - News), a provider of home gateways and switched Ethernet ultra-broadband solutions, today announced its first shipment of its outdoor Home Gateway product to a U.S. customer.
ADVERTISEMENT Commenting on the event, Frank Galuppo, President and CEO of Amedia stated, "The first revenue associated with a product shipment, and which will be reflected in our second quarter results, is a significant milestone for our company. It validates that our products work as advertised and provide the promised value to our customers." Mr. Galuppo went on to note that "Home Gateways of this type will play a major role for service providers as they need to manage the increasingly larger volumes of traffic and diverse services into the homes of their subscribers. The market for Home Gateways is projected to grow over the next several years, reaching $1.5 billion per year in the U. S. by 2009. We are proud to be one of the first to ship products of this kind to a U. S. customer."
About Amedia Networks, Inc.
Amedia designs and develops single family, building, and other ultra-broadband service gateways and switched Ethernet solutions. These secure and flexible solutions are used by network operators deploying Fiber-to-the-Premises, Fiber-to-the-Building, or Fiber-to-the-Node infrastructures to offer their residential and business subscribers high-speed data, IP video, and Voice over Internet Protocol (VoIP) services in a highly cost effective manner. For more information about Amedia Networks, please visit www.amedia.com.
This press release may contain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995. A number of factors could cause Amedia's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Amedia's filings with the Securities and Exchange Commission (available at www.sec.gov). Amedia assumes no obligation to update any forward-looking statements.
Contact:
Amedia Gary Feldman, 732-440-1956 garyf*amedia.com
posted
Repo, I know it was a LedBed pump, but it still looks like a solid company. And the Motorola deal is huge. Maybe the pump got it oversold or shot the RSI too high, but I still believe that ths will take off to at least $2.00 soon. I don't know, I think I will wait and see tomorrow. If it doesn't look good I will dump it. But as soon as I do it will turn around and shoot up to $45.
Tough call.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
Amedia Networks, Inc. (AANI) a development stage company, engages in the design, development, and marketing of technology-based broadband access solutions for voice, video, and data services, focusing on fiber-based and Ethernet-based solutions, including Fiber-to-the-Premises. Its products are used for placement at various points in the network infrastructure layout. The company's products include QoStream PG1000, a premises gateway product that resides with the subscriber and is used to perform data, telephony, video, and local Ethernet switching functions; QoStream AS5000 Aggregator Switch, a distributed Ethernet switch used to route data to and from the premises gateways; and QoStream Director, a Web-based network management system that provides various operations capability for remotely managing the QoStream product line from a network operations center. Amedia Networks markets its products to telecommunications carriers, communication equipment companies, cable and video providers, governments, public utilities, and municipalities. The company was incorporated in 1994 under the name TTR Technologies, Inc. and changed its name to Amedia Networks, Inc. in 2004. Amedia Networks is based in Eatontown, New Jersey. With 21.36 million shares outstanding and an undisclosed short position, there is a failure to deliver in shares of AANI.
quote:Originally posted by Doniboy: Repo, I know it was a LedBed pump, but it still looks like a solid company. And the Motorola deal is huge. Maybe the pump got it oversold or shot the RSI too high, but I still believe that ths will take off to at least $2.00 soon. I don't know, I think I will wait and see tomorrow. If it doesn't look good I will dump it. But as soon as I do it will turn around and shoot up to $45.
Tough call.
ya, L pick--but Motorola deal real...
as I understand it? That PR was mild because Motorola and the company have to agree on PRs, and to Motorola it was too small a deal to PR... call both IR dept.s to verify that, if still interested...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
Doniboy, Not sure what that means, which is why I posted it. I forgot to add that question to the end of my post, thanks for asking it as well as clearing it up for me.
posted
Thank Buytex, he gave me the link. Plus he is right about Ledbed (spelled wrong on purpose). Sure it was pumped up, but Ledbed is still holding and wasn't paid to promote it. The pr didn't do much today but the profit that they may make from this deal should bang this out of the park.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
I sold out. I still think its a great company, but I wasn't looking for a long term investment. Don't worry, now that I'm out it will probably run to 5 or 6 dollars
GLTA
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
Thats OK guys. I sold out at 1.06 and added to my position in NDOL which had a 48% rise. I ended up making more than I would have here.
It's weird though, sometimes I swear that somebody is watching my computer. The second I sell any stock an alert goes out to let it run. The second I buy a stock an alert goes out to stop its progress.I really feel that its true.
Everyone was bad mouthing AANI on every board all week and I was holding strong...until today..lol
Repo, you got out at 1.17 didn't you? You're still doing alright.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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