Court of Appeals ruling on Debit Card Swipe Fees
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that the Federal Reserve ensure that interchange fees reflect the actual cost of processing debit cards transactions. In order to comply with the law, the Federal Reserve initially proposed limiting the fees to $0.12 per debit card transaction, but finally set it to $0.21 per swipe with the possibility of a few cents increase to cover some costs such as fraud. Prior the implementation of the Fed ruling, banks were charging $0.44 per debit card transaction.
March 21, 2014
Rumors, remember camp Grenada?
Wait a minute, it's stopped hailing.
Guys are swimming, gals are sailing
Playing baseball, gee that's better
Muddah, faddah kindly disregard this letter.
The European Commission announced that it has authorized the repurchase of Alcatel-Lucent Network Services GmbH, a German subsidiary of Alcatel-Lucent, ZTE Deutschland Services.
Brussels says be concluded that the transaction would not raise competition concerns given the limited combined market share of ALNS Germany and the division of local services of Chinese telecom equipment
La Commission européenne annonce avoir autorisé le rachat d'Alcatel-Lucent Network Services GmbH, une filiale allemande d'Alcatel-Lucent, par ZTE Services Deutschland.
Bruxelles explique être parvenu à la conclusion que l'opération ne poserait pas de problème de concurrence compte tenu des parts de marchés cumulées limitées d'ALNS Allemagne et de la division de services locale de l'équipementier télécoms chinois
There seems to be a benefit in TD-LTE. TD-LTE transmissions travel in both directions on the same frequency band, a methodology formally known as "unpaired spectrum." It is distinct from "paired spectrum," where two frequencies are allocated, one for the transmit channel and the other for the receive channel (formally called "Frequency Division"). "Time Division" means the receive channel and the transmit channel take turns (i.e. divide the time between them) on the same frequency band. The time divisions are asymmetric, meaning that more time-slots are allocated to data going from the tower to the phone than from the phone to the tower. The usage patterns of the future (fewer phone calls, more Internet) are asymmetric in this manner.
China Telecom Seeks Bidders for 4G Network Contract
Published on: 9th Sep 2013
China Telecom is reported to have issued tender documents to infrastructure suppliers seeking to compete for its 4G network deployment.
Citing an industry source, Marbridge Consulting reported that the tender documents had been sent to ten companies as part of the mobile network's plans for an integrated FDD/TD-LTE network
According to the unnamed source, the bids must be submitted to China Telecom by September 22.
The ratio of FDD-LTE to TD-LTE equipment stipulated in the tender is unclear, although it is thought to be nearly a third of the total contract
Combes stated he wanted to entire the cable TV market.
Timing is everything. In the last few months, Alcatel-Lucent’s optical business has been enjoying a surge in 100 gigabit-per-second (100G) wins. 400G trials are now well underway. The number of customers who have adopted the company’s Optical Transport Networking (OTN) switching has risen dramatically. And in the most recent quarter Alcatel-Lucent announced its WDM order book was 40% higher than a year ago.
6300+ units deployed
290+ network deployments
Doubled shipments in last year
News Articles showing up
The total amount of the initial contracts is not huge, but China Mobile’s capex budget for the year is around $31 billion, according to Reuters, and the company has only spent about a third of it so far this year. Analysts expect China Mobile to beginning spending more heavily now that the 4G build-out is out of the blocks.
The 200 week SMA is $2.71. The last time price saw this moving average was March of 2011. Price through this moving average is a buy signal.
Every pull back being bought. We don't wait long for the buyers to show themselves. ALU on the NYSE most active list all day @ 15th.
In Paris price tested the two euro. Here the test was the $2.65 the feb 2012 high and the nov 2010 low.
Frankenstock, I hear what you are saying about the stock market indices, correction looming.
Look at the ten year the $TNX on stock charts, the weekly, look at the weekly ALU chart. It is a crazy mirror image. ALU is going up.
Roman, I do appreciate the news you post on this board. This China Mobile contract a long time coming.
Agreed price was at resistance. The retrace could have been worse. The fact that it was once again so quick and tight, makes the up move even stronger. Lacking so far today is volume, although price is pushing in Paris now. Good luck to us.
Is price back to six dollars yet? A short tight retrace. The price to break $2.65 and hold.
$3.10 the .382 targets. (may 2011 high of $6.63. October 2012 low 91 cents.)
Price had been moving in a stair step. With any luck, price could start stair stepping again.
Zuckerberg knows connecting everyone is a tall order, and he has signed up big tech companies to join the effort, including Nokia, Qualcomm and Samsung.
Other companies have embarked on a similar mission.
Google (GOOG, Fortune 500) is sending balloons with radio antennas into the stratosphere as part of a project called "Loon" aimed at connecting people without Internet access. Alcatel-Lucent is bringing its inexpensive lightRadio technology to small villages without cell towers. And phone manufacturers are racing to develop smartphones that cost less than $15 -- a goal that even top-tier smartphone makers such as Nokia, Samsung and BlackBerry are working diligently to reach.
How much will it cost? Zuckerberg says he's already invested more than $1 billion in his mission to get people connected, and he's "hoping to do a lot more."
"China's 100G deployments will begin in earnest as the year closes, led by China Mobile, and we're anticipating more than 5,000 ports of 100G in China alone in 2013 says Infonetics.
Something is happening here.
The networking equipment industry has experienced sluggish growth over the past three years. However, more recently, the growth in the sector has picked up due to the introduction of software-based networking solutions as well as an increase in demand for networking equipment. As a result, we have seen substantial rise in the stock price of networking equipment manufacturers. Alcatel-Lucent (ALU) has been the biggest gainer over the past twelve months - the stock has gained about 72%
The company suffered due to not adapting to new technology and not changing its product portfolio accordingly. However it has learned from its mistakes, as the management has embarked upon "A Shift Plan," and is expected to spend around €1.2 billion ($1.61 billion) on restructuring by 2015.
The plan appears to have worked, as the business reported year-over-year increase of 1.9% in its recent earnings announcement; IP and the Network segments were the growth drivers experiencing an increase of 25% and 8%, respectively. However, optics segment still experienced losses. Analysts are optimistic about the new Alcatel-Lucent, and Morgan Stanley is predicting positive cash flows by 2015.
The premise behind this optimism is its future prospects. The company has collaborated with Qualcomm Technologies, a subsidiary of Qualcomm Inc (QCOM), to improve wireless connectivity via small cell base stations. The collaboration will immediately boost its position in the industry. At the moment, the equipment manufacturers are focusing on broadband and wireless technologies as these are the most lucrative segments of the market. Alcatel-Lucent's collaboration will allow the company to better exploit the opportunity available in the sector.
All good numbers Roman, chart wise it is easy to see them all. I am watching the price behavior here, the stronger the hold the more it is being bought. I think ALU is being bought. I am hoping to hold the 20 day moving average and make a tight triangle correction to $3.10. Such a small retrace and new high would be another show of accumulation.