ahh. so you are close to the launch site. Very exciting. Explains your fascination with the satellites. Watching one of these launches is on my bucket list
Frank the hick - alt one did not break the story. There is a wiki page on all this. All she did was report info that has been out there for years. Do you even have electricity and an indoor toilet out there?
alt one did not break the story. There is a wiki page, Lynne. Stop pretending to be smart. You can google. Whooppee. Welcome to 2004
yeah, why is that? IDSY fired it's CEO and entire BOD and they all get huge severance packages. If you aren't doing the job, why are you rewarded?
gets a nice severance package. 6 months pay and accelerated stock vesting
Change in Directors or Principal Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On October 22, 2014, ORBCOMM Inc. (the "Company") and Patrick Shay, the Company's former Executive Vice President, Sales & Marketing, entered into a severance agreement and general release of claims, to provide that as a result of his termination of employment with the Company, Mr. Shay will be entitled to receive, subject to the execution and delivery of a release agreement,
(i) payment of six (6) months base salary, payable in accordance with the Company's payroll schedule; and (ii) the right to continued vesting of
(a) 10,000 time-based stock appreciation rights vesting on December 3, 2014;
(b) 10,000 time-based restricted stock units vesting on December 3, 2014; and
(c) 18,000 time-based stock appreciation rights vesting on December 31, 2014, in each case that would have otherwise been terminated upon Mr. Shay's termination of employment.
Maybe Dobbs is too small to go after you Lynne, but this guy, if what you say is true, is not.
$450 includes everything. I still think the only reason they won was through a huge low margin discount. The stock has done almost nothing on this news. AMZN gives stuff away to increase revenue and the street is getting wise to that.
IDSY offer the devices for $450 each. Typically a little less than 50% margin. I would guess that ORBC discounted that as well
FYI - IDSY is up almost 10% today. Maybe not discounting is considered good news
at $10/month, it's only $160K/month. I have a feeling they discounted it to less than that to win the deal.
I imagine they cut prices to the bone
ORBCOMM Wins 16,000-Unit Order from One of the Nation’s Largest Retail Fleets
Provides end-to-end tracking and monitoring solutions for dry and refrigerated trailers
Business Wire ORBCOMM Inc.
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--
ORBCOMM Inc. (ORBC), a leading global provider of Machine-to-Machine (M2M) solutions, today announced that the one of nation’s largest retail fleets has selected ORBCOMM to deliver 16,000 dual-mode tracking and monitoring solutions across its mixed fleet of dry and refrigerated trailers. ORBCOMM expects to ship the majority of the order in the fourth quarter of this year.
ORBCOMM will provide its award-winning, dual-mode GT 1100 solution for the customer’s dry van assets utilizing its new, more advanced OG2 satellites and Verizon’s CDMA cellular network. In addition, the customer will utilize ORBCOMM’s industry-leading, dual-mode RT 6000+ cold chain monitoring solution for its refrigerated assets. ORBCOMM’s powerful dual-mode tracking and monitoring solutions are ideal for meeting the demanding requirements of the customer’s nationwide supply chain operations by ensuring complete asset visibility and continuous network coverage.
“Signing one of the nation’s largest companies as a customer validates our ability to build and deliver high-performance M2M solutions that help our customers optimize their assets, drive down maintenance costs and increase their return on investment,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “This opportunity marks our largest GT 1100 order to date and sets the stage for future growth in the transportation & distribution industry.”
hey mooshkie - you realize caseyboy2 is a known convicted pedophile, right? Careful conversing with him as he has been stalking me on the internet for 15 years after I helped get him convicted.
Ebay and PPal fees can be 10% or more. So if they get slightly less on their website, they still get more. I didn't say they get more on their site, btw.
Cards are 22% of revenue.