inside the sec filing;
Item 7.01 Regulation FD Disclosure
The Company's cash balance on June 30, 2013 was $56.1 million. The Company expects that additional cash expenditures related to the ongoing accounting evaluation (including payments under the Bonus Plan, if any) through the fiscal year ending December 31, 2013 will amount to approximately $11 million to $14 million
can someone help translate the news last few days released in hebrew that's on the TASE site?
here's translation, wasn't obvious how got it to work,
Mega Project for BSNL? May receive a grant of $ 3.8 billion to deploy WiMAX network in India
The grant is for broadband network deployment in remote areas. If companies can win a share in the project?
13:32 | 13.07.10 Tomer Kornfeld 13:32 | 13:07:10
Indian media giant BSNL may get huge government grants totaling $ 3.8 billion for broadband network deployment in remote areas, the media publish Site Today, Global Telecom Business.
According to the report, BSNL will set up a communications network based on WiMAX technology in remote areas in India where there is no communications infrastructure in which it is expected to deploy fiber optic consisting of 500,000 km. If the information as published in the prestigious site is true, then for Israeli companies operating in telecommunications surgeons opened the potential to win the project.
Potentially hundreds of millions of dollars
Another company that could benefit from the move is a member of Alvarion. BSNL will establish network based on WiMAX technology (fourth generation technology of the other competing networks) it's main activities. -WiMAX Alvarion company activities is a negative momentum, due to fears that WiMAX technology is gaining momentum.
Therefore, Alvarion's point of view is actually a winning bid of investors wet dream: a significant deployment of a WiMAX network which is characterized with high profit margin. The reason is related to a government budget and that it comes directly from BSNL.
If indeed, you will receive Alvarion network deployment share, then it news for the Gospels. According to estimates, the income potential is hundreds of millions of dollars in something that can make this transaction a great deal more than the one signed last year totaling U.S. $ 100 million.
Back to reality
BSNL, You have to remember that despite the great potential existing in megabytes - a project of BSNL, it is only at an initial stage. Also, in India the rate of job advertising auctions work more slowly and may even be prolonged for several years.
The most important thing, even if the government grant of BSNL will eventually lead to tenders, Israeli companies are competing for stakes in the project units. Each company has several competitors who also want to take part in the project, and not at all sure that the companies will realize the potential.
Oh My, this is not kidding around anymore.
Anyone else read this?
It's really bad timing for Deucieboy to have posted that message.
Can he be liable?
I feel sorry for Avid employees who've built the company.
Sad to see the new execs have no idea what Avid is, where Avid's going, no guidance for analysts, and spending $2M to buy a strategy 'cause they don't have one. They even have no shame to admit they won't have a clue until next CC in July.
PATTI DIDN'T DO SO GREAT FOR HER PALS EITHER:
They're all underwater as of now.