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CARBO Ceramics Inc. Message Board

crucian49 8 posts  |  Last Activity: Jul 9, 2014 5:49 PM Member since: Sep 27, 2002
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  • Reply to

    60% ??

    by electrowing Jul 9, 2014 5:28 PM
    crucian49 crucian49 Jul 9, 2014 5:49 PM Flag

    Did you pass 4th grade math? 17.9 x 60% + = 28.6 or 28.8 x .6 = 17.28.
    How do you get to 37%... or is this just another screen name for the one of the two bears?

  • If everyone would simply not respond to him, then perhaps this Board could be of some value to serious investors again without having to wade thru all the #$%$ that gets posted.

    Let's give him credit as he has been correct in the past year or so on the short term pricing of this stock. He obviously has fallen in love with his opinion but very likely will be big time wrong going forward if he persists...we will know more after the next report, but clearly the CAPEX cycle is changing here there and everywhere and the spigots are opening for this business. (Actually true across the entire tech spectrum with corporate spending on PCs (see Intel's last report), on servers, on storage, on everything.) If he wants to continue shorting on the way up....that's fine.....when he has to repurchase higher that only hurts him and helps longs.

    So let him do his thing.....but please quit responding to him which just encourages more of his drivel and nonsense on this board. If we ignore his BS (and his buddy's too for that matter), then maybe he'll just go away.......

    PS. Unlike him, I'm a buy and hold guy, have been investing since 1970, and don't usually fool with speculative stocks, but I do have a small (for me) position in this name and have had for several years. I admit it's been frustrating, but the light at the end of tunnel no longer seems to be a train coming.

  • crucian49 crucian49 Jul 2, 2014 12:26 PM Flag

    To put this in perspective, the Indian Dept of Telcom has stated they feel the auction was run in accordance with the rules. So (not unlike Washington DC) there is bureaucratic infighting going on and that usually takes a while to get resolved. They have not "officially" had time to respond to the auditor.

    Reliance isn't the only customer of DRWI anyway. From an OttawaCitizen article two weeks ago:

    "Now, suddenly, carriers are beginning to invest in next-generation (4G) networks in a big way. Reliance Jio, for one. This is the Delhi-based firm that is planning to offer 4G services in coming years across the entire subcontinent.

    Late in May, DragonWave revealed it had signed a “framework” agreement with Reliance Jio under which it will sell microwave and related products — a minor yet key part of the Indian rollout.

    DragonWave is not guaranteed the business. In a practice typical of large carriers, Reliance Jio also selected Ceragon Networks, an Israeli firm, to supply this portion of the network. DragonWave and Ceragon will compete to see who supplies the lion’s share of the new microwave orders. But each will get a significant piece.

    DragonWave is also selling gear to other carriers in India, where carriers recently shelled out more than $9 billion to acquire wireless spectrum for running 4G services.

    Precisely how the larger rollout will affect DragonWave’s revenues is still unclear. Allen said only that his firm should receive a lift from the Reliance Jio contract starting in the current quarter, which ends Aug. 31."

    PS. CRNT's revenues from India grew to 14% in the past quarter up from 8% in the prior quarter and prior year.

  • Reply to

    Moving some profits to AVNW- same sector

    by jimcramer61 Jun 30, 2014 8:22 PM
    crucian49 crucian49 Jul 1, 2014 2:17 PM Flag

    ??? March 19 , 2014 - Ceragon Networks Ltd. (NASDAQ: CRNT) today announced that it was selected to design and build a high-capacity wireless backbone for India’s Oil and Natural Gas Corporation Limited (ONGC).

    CRNT generates 8% of its revenue in India, not including this new business there.

    I understand you don't like DRWI and like CRNT. But your comments about Indian business are inconsistent.

  • Reply to

    Moving some profits to AVNW- same sector

    by jimcramer61 Jun 30, 2014 8:22 PM
    crucian49 crucian49 Jul 1, 2014 12:35 PM Flag

    Even though India is a major market for them? A little inconsistent today, aren't we?

  • crucian49 crucian49 Jun 30, 2014 7:58 AM Flag

    The article correctly quotes from Sprint's 10-K...Clearwire was in the process of converting from WIMAX and going to LTE prior to the buyout and Sprint is continuing that conversion using the appropriate spectrum and towers it acquired from CLWR.

  • crucian49 crucian49 Jun 29, 2014 8:32 PM Flag

    The terms of the deal were clearly stated in the prospectus at the time of the offering including the various events that could happen regarding exercise of the warrants. I'm sure the company was disappointed that the lower triggers were "triggered" but at the time they needed the cash which was generated from the sale of the stock itself. Was there dilution? Yes. Did the company have any alternative at that time? No. Has the company turned the corner? Looks like it might have. We shall soon know. I'd rather be long than short. Any surprise here will likely be on the upside.

  • crucian49 crucian49 Jun 26, 2014 12:56 PM Flag

    No it is not being shut down. From Sprint's 10-K:
    As of the date of the Clearwire Acquisition, Clearwire had deployed WiMAX technology on approximately 17,000 cell towers and was in the process
    of deploying 4G LTE technology using the 2.5GHz spectrum on approximately 5,000 of these sites, which has now been completed. We plan to expand the 2.5
    GHz 4G LTE deployment to approximately 5,000 more legacy Clearwire sites. In addition, we plan to cease using WiMAX technology by the end of 2015. We
    have also evaluated our consolidated cell tower portfolio, including the 17,000 cell towers obtained in the Clearwire Acquisition, and identified approximately
    6,000 redundant sites that we expect to decommission and terminate the underlying leases. We expect lease exit costs recorded in future periods associated with
    these sites to range between approximately $50 million to $100 million on a net present value basis. The timing of lease exit charges will be dependent upon the
    date we cease utilizing these sites without future economic benefit

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