VMware, Inc. Message Board
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ORBCOMM Signs Seven New Customers in Transportation and Logistics Industry
by gdtookq •May 8, 2013 2:02 PMApparently ORBC has 7% market share in this segment behind Skybitz (WRLS), Qualcomm, IDSY. There is a significant price war going on and there is no growth in this industry
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some #'s for comparison
Prior qtr (Dec 2012)
359K coin certs
366K card certs
revenue 9.6M
EPS 7c
last year (March 2012)
570K coin certs
366K card certs
revenue $13M
EPS 22c - Reply to
I Have Been Held Captive In This Basement For 10 Years.........
by spanspur •May 8, 2013 8:46 AMconsidering you started with 10c, who cares?
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we already have
600k+ coin certs at $16+
400k+ card certs at $10+
revenue $14.1M
GAAP profits in the range of 20c-32c, cash flow a few cents higher -
Going by history, when IDSY is silent, there is no sinister meaning behind it. No news mean NO NEWS.
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today's PR from ORBC will push IDSY to dump ORBC and go with a neutral satellite provider. No sense giving money to ORBC to then compete against you. That's over 100,000 units. Contract expires end of year. Last renewal was before ORBC bought competitors to IDSY
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AI uses Orbcomm for satellite comms. contract expires end of year. Need to switch to Iridium
ORBCOMM Signs Seven New Customers in Transportation and Logistics Industry
Provides state-of-the-art ReeferTrak® platform for two-way command and control of refrigerated transport assets
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--
ORBCOMM Inc. (ORBC), a global cellular and satellite data communications company specializing in two-way Machine-to-Machine (M2M) communications and solutions, today announced that its state-of-the-art ReeferTrak® platform has been selected by seven new domestic and international transportation and logistics companies. ReeferTrak® is an industry-leading application that enables customers to proactively monitor, manage and remotely control their refrigerated transport assets. By leveraging the power of ReeferTrak®’s comprehensive temperature, fuel management, maintenance, and logistical application services, customers can achieve maximum compliance, increased efficiency and proven return on investment (ROI).
ORBCOMM’s new ReeferTrak® customers are listed below:
BP Logistics, a freight shipping company in Fresno, CA, specializing in refrigerated produce and freight
Classic Carriers, a full-service, asset-based logistics provider headquartered in Ohio
Crowley Maritime Services, a Jacksonville, FL-based company providing transportation, distribution and logistics services along with marine solutions in domestic and international markets
Direct Transport, a full-service transportation company based in Fresno, CA, specializing in hauling fresh produce, frozen foods, dry grocery, and other dry goods throughout the United States and Canada
Gangloff Industries, a Loganport, IN-based company focused on freight shipping solutions
Integrated Airline Services, a Dallas, TX-based company delivering tailor-made passenger, cargo and ramp handling services -
what does that mean yahoo posted a closing price?
stop smoking the crack -
according to the MSHA web site. started 4/29. 1 inspector present
4 violations noted, none look serious. I think they get the go ahead at any time:
30 CFR § 57.11051
Escape routes.
Escape routes shall be--
(a) Inspected at regular intervals and maintained in safe, travelable condition; and
(b) Marked with conspicuous and easily read direction signs that clearly indicate the ways of escape.
30 CFR § 57.11001
Safe access.
TRAVELWAYS--SURFACE AND UNDERGROUND
Safe means of access shall be provided and maintained to all working places.
30 CFR § 57.9300
Berms or guardrails.
SAFETY DEVICES, PROVISIONS, AND PROCEDURES FOR ROADWAYS,
RAILROADS, AND LOADING AND DUMPING SITES
(a) Berms or guardrails shall be provided and maintained on the banks of roadways where a drop-off exists of sufficient grade or depth to cause a vehicle to overturn or endanger persons in equipment.
(b) Berms or guardrails shall be at least mid-axle height of the largest self-propelled mobile equipment which usually travels the roadway.
(c) Berms may have openings to the extent necessary for roadway drainage.
(d) Where elevated roadways are infrequently traveled and used only by service or maintenance vehicles, berms or guardrails are not required when all of the following are met:
30 CFR § 57.12034
Guarding around lights.
Portable extension lights, and other lights that by their location present a shock or burn hazard, shall be guarded. -
with 7% headcount reduction, it's probably less than that now
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the stock sell off prior to earnings tells me no SOW #2 and revenues probably far under $10M.
and Jagid makes $3k/day to seemingly do nothing. - Reply to
Lop off 200K in annual Salary for top 5 in this club...
by gordonagekko •May 7, 2013 2:20 AMyou would think if SOW #2 is not happening and they were at $10M/qtr that that would be a given
I also don't see the need for that Larry T guy from American Airlines. AvRamp is going nowhere. Get rid of the DoD guy too. -
wow. he has such a large following. I've determined he owns no stock anywhere and is just a troll with no life. I'm just ignoring him because his posts are so crazy that no one could take him serious.
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If Jagid takes the tact of "everything is fine" at Avis with no guidance, dates, or numbers, this will sell off hard.
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2 years since Avis was announced and the stock has gone no where
time to FIRE JAGID and his $770K salary
Jagid makes $3K/day -
26K in less than 2 hours
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I would have to guess they were hoping to be break even after 12-18 months. It looks like they will be break even after 8 months. I also like the proactive approach to Japan and India.
Keep in mind their is a $10K warranty limit on World Coins and $1K limit on Chinese Coins. The warranty in the US is a killer as it is unlimited. So they can grow with World Coins and not have that issue -
I think HK is break even about now. If they are doing 4K certs/month at $20/each, that's about $1M/yr in revenue. 3 people and an office don't cost $1M/yr.
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outstanding report. Thank you for doing this and reporting back. It looks like the HK office can add 3%-5% of volumes and growing nicely in the next year. That is material. A staff of 3 does not concern me as far as expenses go. It is worth it.
Thanks again -
TIA
I found the answer in their Nov 2012 CC for the last question. There is much difficulty getting coins from the mainland to HK, hence the need for the mainland office. So I guess Shanghai will do mainland China and HK will do rest of Asia. If the volumes are sufficient, I am fine with that. It also gives the company the ability to keep profits overseas and avoid paying the 40% tax in the US.
again, thank you