From a news source:
"SBC Communications announced on Wednesday that it has signed a ten-year, $400 million agreement with Microsoft to deploy the company's Internet-based TV (IPTV) service software to its customers. The deal is the second recent major deployment for Microsoft's struggling TV-based initiatives, after cable TV operator Comcast announced earlier this month that it will deploy set-top boxes running Microsoft software to 1 million of its subscribers. The services deployed to SBC customers, scheduled to begin testing in mid-2005 with commercial deployment by the end of the year, will include an interactive program guide, video-on-demand and digital video recording. SBC plans to spend $5 billion over three years to upgrade its network to foster deployment of video and other broadband services."
How is this relevant? SBC will offer Dish programing in VOD environment. That means that only Buzztime and one other games developer will reach so many homes. Plus Buzztime has Hospitality in US and Canada and tests with other major cable MSOs. That makes NTN a very hot property for anyone wishing to distribute content in a convergent market place. Perhaps THE hottest! Those Motley Fool Loosers!
I hope management makes this a hostile takeover (if there is one). But I think there may have been heavy institutional buying recently. They will vote to accept and take the quick profit. I think that might have been the point of the recent buys. Keeping the price level for the institutions to get them in on the ground floor. Now we will see a run up to let the rest in. Then the announcement. Therewill be enough shares held for short term profit to vote acceptance.
Just a theory, of course. But a few years from now when NTN could have been a $10 to $30 stock the small investor will be out. Management will make a killing putting to gether the deal and some big corporation will get the profits.
Did you write that Fool article??? Come on admit it.
Do you see a difference between a start up and NTN???? I think there was some preferred stock issued for Buzztime based on performance but NTN was common stock. NTN isn't a start up. They don't have to give up what the start ups do. Apples and oranges....or in your case nuts!
You don't have to believe me about the balance sheet equation put those words in your fav search engine and read.
FOR YOUR EDIFICATION:
"the capital represents liability for the company as conceptually, company has the obligation to pay back to the owners. In the absence of this principle, it will be difficult to determine the true income (or loss) of a business"
etc. etc. etc.
"I have never seen a VC deal that required dividends on preferred stock." How many have you seen? Don't tell me you have been wrong about everything you have posted here so far. But I have, often.
islaloser burbles "umm, sonny, having worked venture deals I can tell you that equity is a form of debt. Look up the equation for a balance sheet. Debt + Equity = Assets "
ROFLMAO!!!!! Well folks, I guess isla has just told you that all those equity investments from Media General and SA are really NTN DEBT! After all, "equity just another form of debt." I can imagine how many venture deals isla worked with that type of understanding of a balance sheet he has.
If there is ANY reason at all that anyone here relies on islaloser's advice, just look at his understanding of a balance sheet and it tells you everything.
By the way, there are more ways that venture or debt to fund a company, and I have never seen a VC deal that required dividends on preferred stock. You must be thinking of vultures, not ventures....
Hey it looks like Geek graduated from the Alseep at the Wheel Darren school of logical thinking (Oh god am I funny!).
Or maybe just the Marky of the Seven Seas 'How to get fired from a growth company' certificate program (Now THAT was VERY funny!ROTFLMAO!!).
Geek, BT is on the ROAD selling, in the LABS developing (content is NOT the key divider here) and doing all of that quite well... me thinks your agenda is as hidden as those other FOOLS with their FOOLISH dated articles.
Geek, we can tell you are scared that your idea and your money is in the wrong place. You still can get in under $3.
Don't be like Darren and Dwight who lost it all while staying @HOME!
I wish I had put you on ignore. I hate responding to your stupidity, since you obviosly don't want to be informed.
But I must let others know so they are not caught up in your ignorance.
"Old PR has a long habit of being trumped by new events. Don't depend on its being true when reality changes." - Reality (and truth)is SBC has put on over 250,000 Dish customers to date and they are just starting. Don't know what's happening in YOUR fantasy world.
"Foolish little islaloser -- he doesn't even know that venture capital is typically equity, not debt." - umm, sonny, having worked venture deals I can tell you that equity is a form of debt. Look up the equation for a balance sheet.
Assets - Debt = Equity
or using algebra(this gets rough for you now!):
Debt + Equity = Assets
More importantly those start ups don't give common stock. They usually must issue preferred stock which is required to pay dividends (interest) to compensate the venture capitalists. If the interests (dividends) can't be paid, it accrues. Also those nice venture capitalists require the company to meet timely objectives in their business plan. If the company doesn't, the vultures, err...venture capitalists take over the company. They may continue the business or sell the assets to recoup some of their investment.
In a couple of years, maybe less, the shake out of games companies will begin and NTN/Buzztime will be able to pick the bones of some of the start-ups that collapse under the debt load. Just like they did with NTN Canada.
NTN management is very astute at doing this, High as a Kite Geek.
Have a good day Bozo (See I'm being nice T!),
<<<How is this relevant? SBC will offer Dish programing in VOD environment. That means that only Buzztime and one other games developer will reach so many homes. Plus Buzztime has Hospitality in US and Canada and tests with other major cable MSOs. That makes NTN a very hot property for anyone wishing to distribute content in a convergent market place. Perhaps THE hottest! Those Motley Fool Loosers! >>>
Boy, you sure stretched this one into what you want to believe.
1 - Buzztime runs on DISH because DISH has deployed OpenTV in its STBs. What part of "agreement with Microsoft" did you not understand? The Microsoft IPTV solution is *competitive* to OpenTV.
2 - What makes you believe that SBC will get its programming from DISH? To the best of my knowledge, there is not a SINGLE telco offering its own IPTV service which gets it from DISH - they do their own deals, bundling into corsortia and using the NTCA for negotiation power. There are telcos with bundling deals with DISH for their DSL Internet lines, but watch theose fall away in a hurry when they go into head-to-head competition for video.
3 - Only one other games developer who could address OpenTV or, for that matter, and other platform? ROFLMAO!!!! What in the world gave you that idea?
Doesn't matter -- there are several significant deployments (NOT trials) which will announced in games on IPTV platforms before the end of the year, and they're not coming from Carlsbad. Your radar is pitched a bit too high, buddy. Just because you haven't seen them doesn't mean they're not there.
The geek n de swamp says: "What makes you believe that SBC will get its programming from DISH? To the best of my knowledge, there is not a SINGLE telco offering its own IPTV service which gets it from DISH - they do their own deals, bundling into corsortia and using the NTCA for negotiation power. There are telcos with bundling deals with DISH for their DSL Internet lines, but watch theose fall away in a hurry when they go into head-to-head competition for video."
How many other references to the Dish/SBC deal do you want? AND by the way I heard this MONTHS ago. Wake up geekster and smell the coffee.
One of many SBC PR's. Before you open your stupid mouth you should know what you are talking about.....(oops!! I promised Tina I would be nice I take the stupid back.):
SBC Communications Adds New 'DISH' To The Menu, Launches 'Quadruple Play' Bundle With Satellite TV
"With the SBC | DISH Network rollout, the SBC family of companies becomes the first major telecommunications provider in the nation to offer TV, wireless, broadband and local/long distance service, all with one call and one monthly bill - a "strategic quadruple play" that significantly enhances customer benefits.
In the future, SBC and EchoStar companies plan to develop set-top boxes that combine the features of satellite TV, digital video recording, broadband, home networking and telecommunications services - moving to truly integrated telecommunications and entertainment services that will provide greater interactivity, features and functionality for consumers.
What makes you think this stock is in play? There are an equal number of buyers and sellers. One half million shares traded on Tuesday at 2.40.
I think the stock has defenders. And that is what is keeping the stock up. But with no chance of MSO deployment in 2004 - am afraid we should count our blessings that it has days like today.
Let me know when it breaks 3.00 on volume - until then its trading range bound.
I think it is in play for the reasons given in my past posts: The NTN presentation at Roth, the Motley Fool article, the industry developments with heavy set top buying, IPTV deals. All prepares the market for Buzztime.
It is logical. If you want a cheap price now is the time.
I agree the movement is not typical of an acquisition. But it can be argued that NTN is the hottest takeover target in this industry at the moment. For an MSO it can be used to fight or as a chip against Dish and Directv. For content companies NTN gives them hospitality and delivery on all convergent devices, something everyone is looking at.
I believe someone is defending but obviously someone was trying to drive down the price. Why? Unless they want to buy?
Isla you may be right. But, right now, the volume is not moving up. I would expect volume to get bigger and bigger as the other investors/speculators jump on the band wagon and the price moving up quickly.
Agreed! When I wrote that we were moving up but now it has slowed. I also wrote thinking news often happens of Fri or Sat.
But I agree usually the volume keeps growing. Well, it was just a theory and actually I hope I am wrong.
Tina, the boards offical daily NTN stock watcher is so confused she isn't even posting anymore! And Bad Bob doesn't have any interest in this because he doesn't own any stock and this isn't about NTNs trivia games in the bars which is probably where he is about now. Think I will join him in spirit....or spirits!
and for the technial traders, the 50-day moving average should cross above the 200-day soon. some traders search on this to indicate a new uptrend.