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Transnet Freight Rail Deploying a Multi-Million Dollar Orsus Situator Installation for its Passenger and Freight Rail Divisions
BIRMINGHAM, England , May 12 /PRNewswire/ -- Orsus(R), the pioneer in the field of Situation Management, a new holistic approach to optimizing situation planning, response and analysis, is in the process of deploying its Situator(TM) product suite at...
Situator is available and fully supported in North America and around the world through a network of security and safety integrators. For more information, or to request a Situator demo, please visit http://www.orsus.com or contact Orsus at firstname.lastname@example.com.
About Orsus
Orsus(R) is a Situation Management pioneer. Situation Management is a new, holistic approach to optimizing situation planning, response and analysis. Situator(TM) is the first comprehensive Situation Management software platform to unify management of the entire Control Room Lifecycle for security, safety and emergency services where the risk of human error can lead to financial loss, injury and damage to public image. With successful implementation in a variety of industries and a reputation for innovative ideas and development Orsus possesses the knowledge, experience and determination to shape the future of Situation Management.
About Transnet Freight Rail
The largest division of Transnet, Transnet Freight Rail (formerly known as Spoornet) bases its core competency on the transportation of freight.
The company maintains an extensive rail network across South Africa , in excess of 34,000 km of rail track that connects with other rail networks in the sub-Saharan region, with its rail infrastructure representing about 80% of Africa's total.
SOURCE Orsus
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Kreature Komfort Beasley Couch Orthopedic With Bolster Paw Print
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Great bed
posted 6 years ago
My dogs just love the Beasley sofa. All three dogs took to the bed immediately. It is like they have their own sofa. (it keeps them off the bed at night). I bave three dogs,two fit comfortably in the large one, so I will be purchasing another one soon.
Pros: attractive in any room
Cons: I haven't found one yet
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I bought this for my dog when I got a new couch and did not want my black lab drooling all over it. I got him a couch of his own and he just loves it. He feels so special.
Pros: Comfortable
Cons: none
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The dark elves live only to serve their dark goddess, rising from their subterranean cities to spread pain and terror in her name. Pain means nothing to them, it is but a sign of their loyalty to the goddess, and they embrace it as a mark of her favor. These fanatical warriors have quickly gained a reputation as brutally effective shock troops.
"I'd sooner trust a Dark Elf," has become a common statement of mistrust among most of the races of the world. With good reason, too. The survival of most societies rely on the common support and cooperation of individuals within it(except maybe for the Orcs, who keep on thriving out of sheer brutal tenacity).
The Dark Elves, however, have managed to excel in a civilization built on deception, backstabbing, and socially arranged murder.
Whether this is some kind of bizarre trait of evolution where the weaker members of the race are culled, or a sign of the dark favor of their Evil god is a matter that many theologians, sociologists, and scholars have debated for centuries. The priests of Deus in the neighboring Empire of the Steel Rose have their own theory that the Dark Elves are nothing more than corrupted Elves, "demonic half breeds consorting with their dark devil goddess, and generally very naughty fellows."
Most sane races fear an alliance with the Dark Elves for anything longer than a single campaign. They have a tendency to draw their allies into their convoluted webs of intrigue and deceit, which most find extremely distracting and annoying when trying to focus on world domination. This has lead some to speculate that Dark Elf strategies extend not only to the battlefield, but also the courts of other kingdoms and territories.
The Mal-Shadun Wastes
Across the Demon Spine Mountains, to the west of the Empire of the Steel Rose, lay the Mal-Shadun Wastes. The Wastes are a sad collection of scrublands and fens as twisted and bent as the hearts of the Dark Elves that live there. A variety of fell creatures roam the lands, ready to pounce and prey upon any unsuspecting soul they find. It may well be that the nature of the Wastes have had an influence upon the society of the Dark Elves, helping to corrupt it into what it is today.
Shad-Ezzrait is the capital of the Dark Elf territories. From this city fortress, the dark Queen Alzerathea rules with the patience and cunning of a predatory spider. The latest in a long lineage of rulers of questionable sanity, she sits upon her throne and plots agains enemies real and imagined, outside the borders of her kingdom and within. Her courts are a regular exercise in duplicity, lies, and deadly liaisons to such an extent that a kind of secret language of falsehood has developed there. Newcomers to the court either adapt quickly to this new lifestyle, or find themselves the object of a variety of life-or-death games of the nobility.
Shadis, the goddess of pain and suffering, is said to smile upon the Dark Elves. It may well be, for Shad-Ezzerait is not only a city, but a temple to the aspects of the dark goddess. In shady alleyways and ill-lit secret meeting rooms, fates are bought and sold and Dark Elves disappear without a trace to feed the perverse hungers of another.
It is with good reason the Knights guard the passes of the Demon Spine Mountains with such fervor. Let's face it, it's bad enough to live next to the Dark Elves, but nobody wants them creeping into the back yard.
Inquisitor Kraelear strode into the court of Shad-Ezzrait to the applause of his gathered Dark Elf peers and the shrieks of the Screaming Chorus. He walked proudly past the ranks of midnight-garbed Lords and Ladies of the Dark Queen's court, past their lying smiles and murderous eyes.
The pain masters of the Screaming Chorus pressed their charges, turning cranks, pumping bellows, and piercing the flesh of a hundred shackled prisoners of all races. Finally, they ceased their inflictions, and the poor wretches fell limp within the massive gallows-like structure of the Chorus.
Kraelear stood before the Queen, this whispersilk robes draped over darkmetal armor. The two talonblades crossed over his back gave him the appearance of a giant spider. The barbed helmet held in the crook of his arm resembled the stinger of a massive scorpion. His cold eyes regarded the Queen.
Alzerathea rose from her gilded onyx throne. Her features were a pale-white, tinged with the faintest purple, lips and eyes a contrasting black. Her white hair swept back in a tiara shaped in the spider-like symbol of Shadis, the goddess of unending pain and suffering.
Kraelear thought she might be beautiful…if she wasn't so dangerously deceitful. And there was the crux of the matter–he had been recalled from the front lines, in the midst of leading his troops to glory with over one hundred victories on the battlefield. The only reason for the summoning that he had received had been something about a ceremony of recognition for valor. He had never heard of such a thing in the middle of a campaign.
"Let us welcome back our beloved Inquisitor Kraelear," Queen Alzerathea held her arms up. Again the false applause assaulted Kraelear's ears. He gritted his teeth.
"Kraelear," the Queen continued. "You have fought for the Dark Elf Empire, risking your life time and again to bring us victory. Some say you are unbeatable on the field of war."
"Thank you, my Queen," he rasped.
"Do you know why I have summoned you here?"
"I was told it was a celebration."
"Yes, I suppose that's what I said." Alzerathea took her throne again, chewing at her knuckle. Kraelear suspected that she was trying not to laugh.
"You see, dear Kraelear, I lied…through my teeth, I'm afraid."
She began to giggle and Kraelear thought that the Queen may have lost her mind with all the torture and debauchery she was so fond of.
"The only thing more dangerous than an unbeatable enemy is one of your own. You never can tell when they may get ideas of rebellion…revolution…you know."
She was insane. Kraelear put his helmet on and drew his talon blades as the Lords and Ladies of the court dropped their regal guise to reveal their own armor and weapons.
"Kill him," Alzerathea whispered with glee. They climbed down from their seats to surround him.
Kraelear sighed. It was going to be a long night.


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January 2, 2013 9:06 AM EST
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I think it looks great but is difficult to understand. I'm not sure what to do. Do you text red, blue, or green to the phone number? In that case, why don't you just say "Text RED, BLUE, or GREEN to (760)-412-5555" ? Maybe you can make the indicator bars red, green, and blue to give more color.
January 2, 2013 9:02 AM EST
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Opinion needed - Virtual Assistant Site
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Hey, your site looks pretty good at first glance. Good layout, pleasing to the eye, and nice blue color. I like the social icon fly-ins but I wonder if you would be better not to put them on every page because they get annoying when you are clicking on multiple pages. In the top right, I would use the term virtual assistant so people know from the header what it is you do. I would also recommend cutting down on the number of Adsense ads especially on some of your static pages. Maybe use Adsense only on the blog and sidebar.
January 2, 2013 8:55 AM EST
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Seek info product site help
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Hey there, I have to admit after reading your post, I was expecting a bit more from your website. Since the topic of your site is visual marketing, I would expect your site to be visually pleasing and effective. It's not horrible but it's not something I find to be very effective. I realize everyone's opinion is different but there are certain standards that most people agree on. I think web page visuals, eye path, and layout are critical to convert leads and sales online and I like that you focus on them. However, I find it easy to get lost on your page for a few reasons: Too much white, different colored areas would help guide the eyes where you want them to go. It's very plain...black and white. Maybe that's what you were going for. Your main content area is wider than most other sites. Visitors find that overwhelming in my opinion and will likely leave more quickly You would benefit from more vertical and horizontal margin space. For example, above and below the main nav. Dividing up the blog post squares at the bottom with a border might be a good option You might look into sprucing up your logo a bit since it's often the first thing many visitors look at. I do like the overall layout of the page which is a classic wordpress layout. Not sure if you were looking for a visual review but those are my thoughts. It doesn't appear that you have any backlinks to your site so I would agree with you when you say that is one of your challenges. I think you have to do regular SEO in addition to the visual SEO as you call it.
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Hey Nancy, You may not want to hear it but if you want to communicate professionalism and market yourself to small businesses, you will find it difficult to do it with GoDaddy's website builder. It's great for getting a simple website built quick and cheap but it will be very difficult to stand out in the crowd with a simple site from GoDaddy's Website Tonight. I would recommend budgeting more money to have your site created if you really want to have a professional site. I offer an affordable option and there are other good options like Weebly or Wix that allow you to create more professional websites in my opinion.
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2 items from 2014
20 January 2014 12:00 PM, PST | Twitch | See recent Twitch news »
Never Sleep Again: The Elm Street Legacy will be available for the first time on Blu-ray this Tuesday (tomorrow, January 20). It is a comprehensive look at the history of the Nightmare on Elm Street horror franchise. From its genesis in the mind of creator Wes Craven, being bought by New Line Cinema, to the six sequels (reboot not included of course) and anthology television series Freddy's Nightmares, the history of the franchise is pretty well covered. Filmmakers Daniel Farranda and Andrew Kasch speak with pretty much everyone and anyone involved. Key figures like Craven, Robert Englund and New Line Cinema CEO Robert Shaye who bought the film when no one else would, to nearly every key actor in the film, directors, screenwriters, composers, and visual...
[Read the whole post on twitchfilm.com...]
16 January 2014 | FEARnet | See recent FEARnet news »
Our old pal Freddy Krueger has now appeared in a total of nine different films, and though we pretty much know the entire story of his life, death and fiery resurrection, there is one story that remains largely untold; the story of Freddy's life as the 'Springwood Slasher,' before he was targeted and burned alive by vengeful parents in A Nightmare on Elm Street.
True, Freddy's origins were delved into throughout the original franchise, and even in the premiere episode of Freddy's Nightmares as well as the 2010 remake, but the full story of Fred's days as the so-called Springwood Slasher has never been told - and if you're asking me, such a story would make for the perfect way to once again attempt to reboot the franchise, and bring something fresh and new to the table.
Filmmaker Chris R. Notarile feels the same way, and he just released the »
- John Squires
2 items from 2014
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Official tumblr for www.clutchmagonline.com The digital destination for the smart, stylish and sexy woman.
Didn't cha know, didn't cha know … that Erykah Badu is one of the flyest chicks in the game right now?! And probably without even knowing it. Badu seems to inspire effortlessly; her true sense of style and undeniable beauty radiate in even an untamed fro and pair of sweats—-or singing barefoot on stage, wrapped only in the finest cloths from the Motherland. She shows us that we are just as feminine and sexy as the next woman when fully clad with great conversation and higher purpose as our statement accessories—-no high heels or skintight threads necessary. These days, Badu's look can loosely be described as an eccentric fusion of collegiate-cool practicality, worldly sensibility, and a hint of military edge. How else would you begin to sum-up a vintage varsity jacket paired with combat boots and a full forearm metal bracelet?! Oh, Erykah. Only youcan make perfect sense of it all …Get the Look
1. ASOS Bowler Hat, $33.70, ASOS 2. PUMA Africa Splash Tee, $19.99, Eastbay 3. TopShop TENCIL HAREMS, $80.00, TopShop 4. Charlotte Russe ASYMMETRIC WOODEN BANGLE SET, $9.50, Charlotte Russe 5. Urban Outfitters Squared Off Reader, $10, Urban Outfitters 6. Steve Madden "Troopa" Lace-Up Boots, $99, Lord & Taylor


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Oceana Volunteer Fire Department, incorporated in 1948, is the only remaining active volunteer fire organization within the City of Virginia Beach.
Our members provide a variety of services to the Virginia Beach Fire Department, and ultimately the citizens of Virginia Beach.
|17 Oct :
|The VST application process is now open. Apply through WAVE.


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3 days. are you ready?
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- teenagegirlwithnolife2 answered: No I'm not ready! But I can't wait. Gonna miss some of them others im indifferent on.
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Kendra Wilkinson
Michelle Monaghan's 11-Month-Old Son Will Be Magic Mike for Halloween
There are a lot of options for adorable baby Halloween costumes, but Michelle Monaghan is getting her inspiration from...MORE
Vegas Pics
Stand-up comic Lisa Lampanelli, famous for her biting brand of insult comedy and truly raunchy humor, joined the all-female comedy series 'Lipshtick –The Perfect Shade Of Stand-Up', an on-going stand-up showcase at The Venetian in Las Vegas. Lampanelli, who has performed at 'Lipshtick' once before, took the stage on Friday and Saturday in the Sands Showroom. MORE
Kendra Wilkinson Can't Stop Crying In New 'Kendra On Top' Teaser
Season 3 of Kendra On Top looks like quite the...MORE
'Pretty Little Liars': The 100 Most Terrifying 'A' Threats in 'PLL' History—Ranked!
Scared yet? You should... MORE
Is Fashion the Fifth 'Pretty Little Liar'?
Over the past four seasons, Ashley Benson, Lucy Hale, Troian Bellisario, and Shay Mitchell have all been the stars of Pretty Little Liars. But, there seems to be another one that has really stood out …...MORE
Stars at 2014 Sundance Film Festival
Hollywood's biggest stars are now taking over Park City, Utah for the annual Sundance Film Festival, a showcase for new work from American and international independent filmmakers. Click to see all the A-list attendees so far!First up are Billy Crudup, Selena Gomez and William H. Macy, who got close at Sundance promoting their film Rudderless, which Macy also directed.MORE
Another Baby on the Way for Kendra Wilkinson
Reality star Kendra Wilkinson revealed on Thursday that she''s expecting her second child with husband Hank Baskett.... MORE
Kendra Considers an Open Marriage
Kendra Wilkinson and Hank Baskett are considering an unconventional approach to marriage. In the season 2 promo for Kendra On Top, the former Playboy model jumps at the suggestion from Hank that they should consider an...MORE


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Smosh is doing a parody of the movie "Taken"
This movie omfg http://www.youtube.com/watch?v=Tzwyww6Nr64
It wont be uploaded for another 2 months though. They haven't even started filming. It says that they film this episode on July 24 :(
This movie omfg http://www.youtube.com/watch?v=Tzwyww6Nr64
It wont be uploaded for another 2 months though. They haven't even started filming. It says that they film this episode on July 24 :(
1.) Copy and paste this code»>

in your HTML source on your blog. Make sure to click "update" AND "save" or else it wont show up.
PS: Once it's on your blog, if you click on it, it will take you to the smosh.com website from 2003!
(PS: Sorry it's been so long since we've uploaded a fact.) Oh, and the reason I said '85% chance' is because they filmed this episode with Russians (not entirely sure what it's about but I do know that it includes russians and a russian bride) on May 15th, and they usually put out their videos a month (or like, a month and 2 weeks) After they film it. So even though they shot it a month ago it maybe still another week or 2 before they post it. But hopeully they'll post it today :P
oh yeah I forgot I changed it oops :P
If it wont let you play it just hit "update plug-in" or "run this time" or what ever it says to do and then hit refresh and it should let you play it then. If not, just ask me for help.
But seriously, this is firetrucking hilarious…and weird. o.o
http://web.archive.org/web/20030513064050/http://www.smosh.com/kbase/articleview.php?recid=6 «< link to Anthony's post.
Click the link above to see other smosh staff's email's back in 2003 (including Anthony's) :)
We only have about 3 posts. My editing system where I edit my photos was messed up but I got a new one and new posts are coming soon! :)
lol Sorry! I've just not had the motivation to do another one and plus my editing system where I edit the pictures (add text, coloring, etc) is gone! xc I am going to try to re-install it again but until then no more facts! I'm sorry! <3
thank you!!!
Oh really? How did you find this out? (Just wondering)
lol I'll try and find out, I think every1 says ian's is "andrew" but I'm not sure if they're right. I guess it's right :P
awwwww THANK YOU.
And you're not a freak! lol
Scroll down to read the WHOLE convo http://web.archive.org/web/20030424023315/http://www.smosh.com/kbase/articleview.php?recid=24


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Sunbeams lighting Jodrell Bank
When I saw a storm approaching in the Golden Hour before sunset I immediately headed up to a place that I previously found to have a great view over my home town of Macclesfield and the Cheshire Plain beyond. Jodrell Bank Observatory is one of my favourite nearby places to photograph and so I was so pleased to see the sunbeams dancing around the magnificent structure.
Jodrell BankTravellingsimon PhotographyLovell TelescopeMacclesfieldCheshireCheshire PlainChelfordNether AlderleyGoostreyHolmes ChapelobservatoryUniversity of ManchesterTelescopeRadio Telescope
From Picture of the Week


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'The Social Network' News
83rd Annual Academy Awards Winners!
Live Chat the 2011 Oscars as They Happen! Right Now!
Oscar Forecast: A Look at the 83rd Academy Awards
'The Social Network' Winklevoss Twins Featurette
2011 Writers Guild Awards Winners
17th Annual Screen Actors Guild Award Winners!
83rd Annual Academy Award Nominations
'The King's Speech' Wins at 2011 Producers Guild Awards
'The Social Network' Blu-Ray and DVD Top the Charts
'The Social Network' Sweeps Blu-ray and DVD Charts
2011 BAFTA Awards Nominations
'68th Annual Golden Globes' Video and Photo Gallery
The SUNDAY FUNNIES: 'Jackass' Crew Parodies Hit Movies and 'True Grit' Subtitles
Directors Guild of America Awards Nominations Announced
'The Social Network' Gets Theatrical Re-Release
2011 Writers Guild Awards Nominations
2011 Producers Guild Awards Nominations
CONTEST: Win 'The Social Network' DVD!
'The Social Network' Named Best Picture by Houston Film Critics Society
- The Walking Dead
- Justice League Movie
- Spider-man
- Avengers 2
- Star Wars
- Batman vs Superman
- Captain America 2
- Dawn of the Planet of the Apes
- Fast And Furious 7
- Godzilla
- Interstellar
- James Bond
- Jurassic Park 4
- Justice League
- Mad Max
- Robocop
- Robopocalypse
- Star Trek
- The Amazing Spider-Man 2
- The Hobbit
- The Hunger Games
- Transformers 4


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(Source: pinterest.com, via urbanoutfiters)
Green juicin
Tags: raw vegan rawvegan fresh clean eating detox cleanse
London Shopping
Tags: london shopping buying love city england travels
London Flowers
Tags: Londond flowers spring shopping love beautiful pretty city england
Amazing view of London at Sushi Samba!
Tags: London city england travels business trip amazing beautiful fun
Do it…
Tags: birthday fun balloons cheeky weekend summer party
Tags: mrfreeze summer friends besties goodtimes longweekend cool treat yum memories
Another favourite spot in Toronto.. Snack Bar at Queen & Bathurst
Tags: drinks summer toronto city friends longweekend fun may birthday
Fuck ya Alexander Wang
Tags: fashion spring legs style shoes
20 something living in Toronto...Fashion, Food and Lifestyle blog. Instagram @adriannaab
► Fitspo ◄▲▼► Thinspo ◄
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During Q&A's with NFL players, many fans will ask what a particular player would be doing if he weren't in the NFL.
Thanks to the lockout, we are seeing first hand what many players would do. From Ochocinco trying his hand, errr, foot at soccer to Dwight Freeny interning at Maxim, the sky's the limit for these guys who are looking to keep busy during the offseason.
From the Broncos, David Bruton has been taking his role as a substitute teacher in Ohio very seriously. The league's leading receiver last season, Brandon Lloyd, has been rapping and working as a sales rep for a Colorado based company that sells metal.
Here's a look at what ten other players are doing to stay busy.
In lockout news, Roger Goodell and players' union chief DeMaurice Smith met with NFL rookies at a symposium this morning in Florida. The two higher ups fielded questions from the first-year players as to when the lockout is going to end.
Union talks will run today through Friday in Minnesota, but many speculate that this joint appearance by Goodell and Smith is a good sign.
Many training camps are set to begin about three weeks from now.
Make sure to follow Predominantly Orange on Facebook.
Tags: Brandon Lloyd David Bruton Denver Broncos Dwight Freeny Lockout NFL Roger Goodell


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Donation / Fundraising
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Board of Directors
Sponsors & Supporters
Photo Gallery
The Honor Flight Song
by Tim Tegge
2014 will be Honor Flight Northwest Ohio's last flying season. At the end of the 2014 flying season, Honor Flight Northwest Ohio will cease operations.
Veterans who are not currently on Honor Flight Northwest Ohio's waiting list should consider the Mid-Michigan Honor Flight hub:
Mid-Michigan Honor Flight
P.O. Box 385
Mecosta, Michigan 49332
Go to the
Honor Flight Network
for other flight availability.
HFNWO © 2014 Honor Flight NW Ohio
Honor Flight Northwest Ohio
is an Ohio 501(C)(3) Non-Profit
Organization & member of the
Honor Flight Network™


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the-water-is-crystal-clear-deac said: Are you related to me?
I don't know dude, maybe. Do you look like this?
If you look exactly like this, I'll actually be kinda really afraid that there are duplicates running around. We might have to meet on the field of battle to sort this out. Do you have a broadsword?
4:10pm | URL: http://tmblr.co/ZGGwJyYxj06u
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IOC Rejects CBC/Bell Olympic Bid
In a column this morning, Rick Westhead of The Toronto Star reports that the International Olympic Committee has rejected CBC and Bell's bid to broadcast the 2014 and 2016 Olympic Games because it is too low. According to the article, CBC and Bell offered the IOC $70 million for the rights to the Games in Sochi and Rio. CTV and Rogers paid $153 million for the 2010 Winter Olympics in Vancouver and the upcoming Summer Olympics in London. CBC paid $73 million for rights to the 2006 Winter Olympics in Turin and the 2008 Summer Olympics in Beijing. It is unheard of for Olympic broadcasting fees to go down, usually they substantially rise. NBC's bid for the 2014, 2016, 2018 and 2020 Olympics averaged about $1.1 Billion per Olympics, which is the same as the average price they paid for the 2010 and 2012 Olympics.
CBC and Bell first announced they would bid together for the Olympics in September, following the announcement that Bell's partner for the 2010 and 2012 Olympics, Rogers, has opted out of their deal with Bell. Rogers executives have stated that they won't bid for the upcoming Games in Sochi and Rio. Aside from CBC/Bell, there are no serious bidders for the 2014/2016 package in Canada. As a result CBC/Bell will want to bid as low as possible; however, the IOC has an option to reject all bids if none are up to their standards. This means it is possible, although unlikely, that nobody will broadcast the 2014 and 2016 Olympics in Canada.
In order to push CBC out of Olympic broadcasting, CTV and Rogers overbid on the 2010/2012 package, inflating the base price in the Canadian market. Nobody expects CBC/Bell to pay anywhere near the 2010/2012 rate, mainly because there isn't a home Olympics in this package. However, when compared with 2006/2008, the fee for 2014/2016 should be higher based on the host cities alone; even without taking other factors into consideration. The 2006 Olympics were in Turin, which is 6 hours ahead of the Eastern Time Zone. Most events took place while Canadians were at work, but a few hockey games and figure skating programs (two of the highest rated Winter Olympic sports in Canada) took place in the late afternoon Eastern, allowing Canadians to catch the conclusion as they came home from work or school. Most viewed the games on tape delay in primetime. Sochi is 8 hours ahead of the Eastern Time Zone, which means that viewing habits will be similar to 2006. On the other hand, Rio is in the same time zone as the Maritimes during our summer. This will mean that major sports like athletics, gymnastics and swimming will take place in North American primetime.
These factors should increase the value of the games based on the 2006/2008 package. I'd guess somewhere around 80 million; maybe more. I don't know what more the IOC could ask for considering how bad it would look on them if the Olympics weren't broadcast to a major country like Canada. If NHL players confirm their participation in the 2014 Olympics, then CBC and Bell would probably bid more. This issue is a major topic in the upcoming NHL/NHLPA collective bargaining talks. CBC/Bell originally intended to submit two bids, one if NHL players participate and one in case they don't. According to the article in The Star, the IOC rejected that idea. As a result, I could see CBC/Bell waiting a few more months to see what decision the NHL and its players make on playing in 2014. Olympic hockey, with NHL players, is what brings in viewers and sells ads. Without it, CBC/Bell would lose even more money on the Olympics.
One problem that CBC and Bell face is time. The Sochi Olympics are only about two years away. Test events in alpine skiing take place this Feburary. Everyone else is preparing for Sochi. The good news is that CTV already has an Olympic production crew in place. CBC also has plenty of employees – both on and off camera – with Olympic experience. I wouldn't worry about the lack of a deal until fall, after the London Games are done. I think CBC/Bell and the IOC will work something out. There is too much to lose on both sides if the Olympics aren't broadcast in Canada. CBC relies on the name recognition of athletes at the Olympics to boost their weekly amateur sports programs.
12 Responses
Here's a question:
Assume for a minute no rights deal is done at all and no Canadian media outlet has the right to broadcast the upcoming Olympics. Could the IOC go to court force Canadian cable / satellite distributors to block US channels that are carrying the Games?
If the answer is no, there is a chance that the Canadian broadcasters will take a stand and tell the IOC to take their Olympic Rings and stick them, for at least one Olympic games anyways, in a move to force right fees lower.
With two of the major Canadian bidders being part of organizations that own transmission facilities (Bell – CTV, Rogers) that would broadcast the American signals anyways, I don't think my idea is impossible.
At this point there's probably some posturing by both sides. CBC and Bell want to get it for as cheap as they can while the IOC is trying to squeeze some more coin out of them knowing that Rogers or anyone else (eg. Shaw/Global) won't be bidding. Maybe CBC and Bell took a guess this would happen so they low-balled their first offer knowing they would have to come back with a higher offer later on. The longer it goes on the more other scenarios could unfold. Who gives in first or will both sides draw a line in the sand and say they're not budging?
Could this have any impact on the 2012 olympics?
[...] Yahoo wants to stay relevant in the tablet/smartphone age. Since Rogers is no longer interested in Olympic Games coverage, this could be a way for Yahoo to be a spoiler in the Canadian market. The bids are affected by whether NHL players participate in the 2014 Winter Olympics. [...]
Officially, Bell-CBC has dissolved the bid. Bell seems uninterested to go it alone. CBC is looking at its options. I would not be surprised to see Bell-CBC back together after 2012 bidding once again. CBC and the Score were bidders for 2010/2012 (which went to CTV-Rogers). CBC can't do this alone, not after this lat package and not with the lack of funds they have. CBC wants HNIC and Olympics and with less money it is gonna be a battle.


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Two Boilermakers represented the Purdue Micro-Hydropower Global Design Team at the Clinton Global Initiative University (CGIU) Conference 2014 in Phoenix, Arizona. Patrick Pawletko, a Senior in the Lyles School of Civil Engineering, and Eleni Bardaka, a Ph.D. student in the Lyles School of Civil Engineering won the 2nd place in the CGIU Commitments Challenge fundraising competition and a $2,500 prize. The team managed to raise in total $14,375 within two weeks. As Purdue's CGI liaison, Dean Phillips joined them in Arizona.
Undergraduate and graduate members of the Purdue Micro-Hydropower Team are addressing the challenge of rural electrification in developing nations through the development of a financially, environmentally, and socially sustainable community-owned renewable energy system.


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Shares of Sprint (S) are up 35 cents, over 5%, at $6.92, after Cowen & Co.'s Colby Synesael raised his rating on the shares to Outperform from Market Perform, with an $8 price target, writing that stock is a "multi-year investment opportunity with an attractive risk/reward" despite "execution risk."
"Change is good," writes Synesael, and investors should "get in front of it."
For one thing, he writes, pricing changes announced last month are starting to help the company take share from Verizon Communications (VZ), T-Mobile US (TMUS), and AT&T (T):
Our industry checks suggest pricing changes introduced in August are having a positive impact for the company. Specifically, as of last week we believe Sprint shifted to port positive at Verizon and has also seen meaningful improvement at AT&T and to a much smaller degree T-Mobile. In addition, recent price changes are unlikely to be dilutive to margins but instead leverage the company's excess network capacity.
In addition, the carrier should benefit from broader spectrum support in the newly released iPhone 6 from Apple (AAPL):
One of the key aspects of the new iPhone devices is they support the 2.5 GHz (band 41) which is the spectrum Sprint is using as part of its tri-band LTE build-out. As part of the launch Sprint also introduced a new iPhone 6/6+ promo plan which we believe better positions the company for the Sept. 19 launch and will more quickly get phones in the hands of customers so they can take advantage of the new network.
Pricing and iPhone seem to be converging for Sprint: yesterday, it announced it would give iPhone users exclusive access to unlimited calling and messaging and data connections for $50 per month, what it calls its "iPhone for Life" plan.
With talk of a merger between T-Mobile US (TMUS) and Sprint (S) in the air, J.P. Morgan's Philip Cusick this morning raised his rating on shares of Dish Network (DISH) to Overweight from Neutral, setting a $72 price target, up from $61, arguing that the company "most likely" will "partner with another carrier to light up its spectrum and possibly wholesale capacity," and a deal to buy T-Mobile is one possibility.
Among the many prospects that could be "catalysts" for the stock are a purchase of T-Mobile or taking a stake:
The press has written extensively about T-Mobile potentially being acquired by Sprint or Dish, and Dish Chairman Charlie Ergen mentioned that he would be interested in buying TMUS on the company's 1Q14 conference call. While we believe that the cost synergies of a Sprint-TMUS merger would be tremendous, we don't see a lot of revenue synergies to the deal and the transaction also has a lot of regulatory risk. Instead, we believe that a combination of Dish and TMUS would have a relatively small $1 billion in annual cost synergies but could have dramatic revenue synergies, both in allowing TMUS to offer traditional mobility customers a massive amount of capacity, open up wireless as a way for Dish satellite customers to take their video solution with them, and enable Dish's pending over the top video offering for mobile as well as fixed wireless broadband. This could be especially attractive to Dish's OTT target demographic – young people who likely live alone and don't pay for video today but are very likely to have a smartphone and could be interested in cutting their home broadband cord as well.
A T-Mobile buy would add $4 a share annually through "synergies," he writes:
Our biggest worry about a T-Mobile acquisition has been the impact on Dish shares as that potentially salable spectrum asset is instead relied on for the combined company's mobility business. However, as we model out the resulting company we come to $4.13 in 2016E EPS pro forma for $1 billion in synergies – a synergy number that is primarily the integration of the two companies' national customer service, G&A, and distribution efforts and should be much easier to achieve than the much larger synergies in a TMUS-Sprint deal. With Dish stock currently trading at 14.3x that pro forma 2016E EPS we would not anticipate any sell-off in the stock; in fact, the opposite could be true if investors are excited about the revenue synergies that the combined company would likely highlight.
More likely, since Dish couldn't outbid Sprint for T-Mobile, the company could take a stake in T-Mobile:
Alternatively, rather than buy all of T-Mobile, Dish could buy a stake in T-Mobile from Deutsche Telekom. We believe that without a merger TMUS plans to raise additional debt to buy spectrum in both the AWS-3 auction this year and the broadcast auction in 2015, and that DT may prefer to sell down part of its 67% stake in TMUS rather than have to consolidate the additional debt. If DT wanted to sell that stock in the open market it would likely be at a discount to the trading price at the time. Instead DT could sell a portion of the company, 20% for example, to Dish for a price at or even above the market. That would allow DT a graceful draw-down, give Dish a seat at the table in the wireless industry (and likely a board seat or two), and possibly be the first step to a wider partnership or even an all-out acquisition of TMUS by Dish later on.
Another possibility is getting bought out by Verizon Communications (VZ), though he views that as unlikely, given the Federal Communications Commission would probably like both Verizon and Dish to be bidders in upcoming spectrum auctions, and so the FCC might frown upon a tie-up between the two:
Unlikely or not it is worth considering the possibility that Verizon could buy Dish. Were this to happen we would expect Verizon to pay some premium for the spectrum compared to our $17 billion base case as well as a reasonable price for the DBS business. $20 billion for the spectrum and 8x EBITDA for the DBS business (a similar price to what AT&T paid for DTV) would equate to $90/share. We estimate ~$1 billion in cost synergies in that hypothetical merger, roughly half of which would come from reduced programming costs at Verizon FiOS over time and which compares to the $1.6 billion in synergies estimated by the companies in the AT&T- DTV merger. While $20 billion for spectrum is a lot, if this was in lieu of Verizon buying spectrum in the upcoming FCC auctions, in which we assume that Verizon will spend $10-20 billion anyway, the EPS impact would be roughly similar.
Dish could conceivably sell all or part of its spectrum, or lease it on a wholesale basis, to Verizon or AT&T (T), although there is always the issue that without a wireless broadband network, the direct-broadcast satellite business has a lot less value:
If Dish decided that operating its own wireless network was not attractive it could sell or lease its spectrum to Verizon or AT&T, or split it between the two. We believe that each of the big Telcos would be interested in getting access to some or all of the AWS spectrum, and that AT&T is particularly interested in the 6 MHz of 700 MHz spectrum given it owns that license outside of Dish's territory. We would anticipate a sale of the spectrum at or above our $17 billion value, though the $5 billion tax basis on that spectrum makes an outright sale seem unlikely. As part of the deal AT&T or Verizon could offer Dish a wholesale deal that would allow it to create a wireless MVNO, similar to the one that Comcast has with Verizon. Our biggest problem with this scenario from Dish's perspective is that without wireless the Dish DBS business has little to no future, an issue that Dish Chairman Ergen has discussed extensively on conference calls. An MVNO, while potentially interesting, would be unlikely to provide Dish the owner's economics that would enable customers to take their Dish video service everywhere like we believe Ergen is targeting. We do not see this scenario happening any time soon.
Dish stock today is up 32 cents, or half a percent, at $59.28.
Shares of Dish Network (DISH), the other U.S. satellite TV provider, are down 96 cents, or 1.6%, at $58.99, after AT&T (T) and DirecTV (DTV) agreed upon a $48.5 billion deal for AT&T to buy DirecTV, a deal that many see as leaving Dish with an unenviable position.
The DTV deal is a bit at odds with the view many apparently held that Dish was a better target for AT&T. The sense from many corners today was that Dish chairman Charlie Ergen, frequently considered a wily deal maker in telecom, constantly maneuvering, has been a bit outmaneuvered this time around.
Among the harshest views offered today is that of Craig Moffett with boutique firm Moffett/Nathanson, who cut the stock to Sell from Neutral, with a $47 price target, writing that while many believed AT&T's rumored interest in DirecTV was to "smoke out" Dish as the actual target, instead, Dish has simply been "smoked" by the deal:
Ergen's history as a poke champion has taken on legendary status. But as we observed a few weeks ago when all this began, the game of satellite M&A has more in common with musical chairs than it does with poker. Dish Network has just been left standing. All those tired old poker metaphors are for naught if poker isn't the game […] Dish's investors apparently concluded that Dish was so self-evidently more attractive than DirecTV that the only reasonable reading of the situation was that the whole thing was merely a ploy […] Barring an improbable Hail Mary pass from Google or some other industry outsider, no other outcome comes close to supporting its current valuation. That Verizon might be a buyer is more wishful thinking than it is analysis.
Nomura Equity Research's Adam Ilkowitz, who has a Neutral rating on Dish, and a $49 price price target, thinks this deal leaves the company with fewer options than before:
We don't think DISH can outbid AT&T for DTV, though they may try to run up the cash portion of the deal similar to their actions on Sprint / Clearwire. This takes removes the option of a highly synergistic merger with DTV, though we never viewed it as regulatory feasible. Spectrum remains a significant asset for DISH, and this increases the pressure to turn it into tangible value. With the FCC meeting of May 15th and AT&T raising leverage, we think the value of DISH's spectrum could prove less than prior investor expectations. We maintain our Neutral and $49 target price inclusive of $21/share for spectrum.
Jennifer Fritzsche with Wells Fargo, who follows Verizon Communications (VZ), and rates its shares a Buy, thinks the telco could be a buyer of some Dish spectrum:
As we wrote last week, we believe VZ is doing more behind the black curtain in the OTT arena than the Street realizes or appreciates, and views its wireless network and significant scale (100MM+ wireless subs) more of an asset than the benefits that would come from owning a satellite company. That said, if DISH were willing to sell some of its spectrum, we believe VZ would very much be knocking on the door.
Note that DealReporter had a piece a short while ago reporting that Verizon has, in fact, "had talks" with Dish.
Raymond James's Frank Louthan, who rates the shares Market Perform, thinks the bid is a mixed bag, removing some options but also providing some valuation support:
For the other wireline carriers, it may entice them to change their satellite allegiances to AT&T vs DISH. CenturyLink resells DTV, but Windstream and Frontier resell DISH. We expect AT&T to offer very friendly terms to any and all ILECs to resell their product going forward, as it has a history of "keeping it in the family" where it can. Lastly, DISH got a mixed message. First, it just lost what we viewed as its number two and number three best suitors, making its long-term goal of getting sold that much harder. On the other hand, AT&T just told the market it is willing to spend over $1.40.MHz POP for wireless spectrum, giving a new placeholder for the DISH bulls to begin calculating their worst-case scenario. We believe the DISH spectrum would add complexities to the upcoming spectrum auction, which could further delay outside interest in DISH for some time.
Shares of wireless operator Leap Wireless (LEAP) spiked late in the session, closing up 12 cents, or 0.7%, at $17.52, after the Federal Communications Commission this afternoon said it approved the purchase of the company by AT&T (T), which AT&T and Leap first announced last July.
AT&T shares closed down 3 cents at $32.35.
The Commission concluded its review of the companies' proposal by saying while harm might come to consumer choice, concessions made by AT&T, including divesting some spectrum, would "counter-balance" the consumer harm:
As a result of the proposed transaction, approximately 4.6 million customers, as well as spectrum, network equipment, and other assets, will be transferred from Leap to AT&T. Based on our analysis, we find that the proposed transaction has the potential to cause some competitive and other public interest harms in several local markets, as well as to value-conscious consumers. The possibility of public interest harms resulting from the proposed transaction would likely be counterbalanced to some degree by certain claimed public interest benefits. Even taking into consideration those benefits, however, we remain concerned about the potential for the proposed transaction to result in certain public interest harms. AT&T has made certain voluntary commitments, however, that will ameliorate the potential public interest harms and that will help to ensure the achievement of the asserted public interest benefits. Those commitments include spectrum divestitures in certain markets, which will help ensure that AT&T's competitors have access to spectrum. AT&T has also made commitments to deploy LTE service using unused Leap spectrum within 90 days or 12 months of closing, which will ensure that that spectrum is being deployed and that consumers in the current Leap service areas will benefit from network improvements to AT&T's advanced 4G network technologies. AT&T has also made commitments to build out LTE service in six specific markets in south Texas within 18 months, which will ensure that consumers in those markets have access to advanced 4G services. In addition, AT&T has committed to offer certain rate plans targeted to help value-conscious and Lifeline customers. AT&T also has agreed to offer a device trade-in credit program and a feature phone device trade-in program to certain Leap customers prior to discontinuing CDMA service in a particular area in order to ensure that Leap customers have future access to wireless service. The commitments providing for spectrum divestitures, the deployment of unused spectrum, the build out of LTE service, rate plans, and customer migration will all apply to south Texas markets. They will ameliorate the potential harms and ensure public interest benefits in those markets by, among other things, ensuring that AT&T has every incentive to provide higher quality service, and minimizing customer dislocations that might result from the proposed transaction. In addition, in order to ensure that CDMA roaming services remain available while AT&T transitions Leap's CDMA network, AT&T has made a commitment to honor existing CDMA roaming agreements that AT&T is assuming from Leap so long as it operates the CDMA network. Finally, AT&T has offered a commitment to dispose of Leap's interests in a competitive wireless telecommunications provider if they are not sold prior to closing as well as certain other commitments to protect against possible anticompetitive effects before those interests are sold.
Deutsche Bank is in day three of its annual Media, Internet & Telecommunications Conference.
Yesterday's management discussions included cellular-tower operator Crown Castle International (CCI) and hosting provider Equinix (EQIX), which it rates Buy. Also presenting Tuesday: telecommunications services provider CenturyLink (CTL) and the data-center Real Estate Investment Trust Digital Realty Trust (DLR), which Deutsche rates Hold.
Some quick notes on each, from Deutsche Analyst Brett Feldman:
And as for spectrum auctions, Deutsche writes:
"This spring, the FCC is likely to update it spectrum ownership screen (include more spectrum, but maybe overweight low band). It is also likely to begin the process of writing rules for the AWS-3 auction, which seems on track for this fall. The big unknown remains the broadcast incentive auction; the FCC is targeting mid-'15 but broadcaster interest is mixed and little progress has been made to date on setting reverse and forward auctions rules, etc."
Shares of Sprint (S) today fell 46 cents, or 4.4%, to close at $9.94, as analysts took a dim view of the prospects for an immediate merger between the carrier and Deutsche Telekom's T-Mobile (TMUS), speculation about which has driven up Sprint shares in recent weeks.
T-Mobile stock closed the day off $1.09, or 3.3%, at $32.28, in response to AT&T's (T) announcement this morning of a new offer of credits to lure T-Mobile to switch to AT&T.
Stifel Nicolaus's Christopher King, cutting Sprint shares to Sell from Hold this morning, wrote that a 30% move up for the shares in the last month is all the M&A speculation, but he's skeptical: "We continue to view the likelihood of regulatory approval for such a deal as an uphill battle in Washington."
For one thing, the Federal Communications Commission likely wants to maintain the competitive level in the industry, opines King:
Although we would view a merger between S and TMUS as a positive for the domestic wireless industry, we continue to view the likelihood of regulatory approval for such a deal as an uphill battle in Washington in the near-term despite DOJ/FCC concerns about Bell wireless dominance. We foresee several potential antitrust/regulatory objections to a S/TMUS merger, including: (1) DOJ's stated preference for maintaining an industry structure of four national wireless competitors in an already concentrated market, (2) likely DOJ/FCC preference for preserving TMUS as a maverick , particularly given that its recent acquisitions of Metro PCS and substantial spectrum assets, as well as solid operational performance, have put it in a much stronger position than it was just one year ago, and (3) expected FCC preference for maintaining four national carriers as potential bidders in the upcoming broadcast incentive auction. We also note T-Mobile's market share gains in 2013 have dwarfed every other U.S. carrier, making an argument that this merger would be between a weak #3 and a weak #4 carrier far more specious than it would have been a year ago, in our view.
For another thing, any M&A activity is made problematic by an impending spectrum auction in 2015:
Both carriers [Sprint and T-Mobile US] are expected to be fierce competitors for the low-frequency spectrum, given the lack of such spectrum at both companies, currently. We believe possible divestitures would be complicated by the lack of major non-Bell carriers, unless one assumes that DISH is a viable candidate to become a new, national wireless carrier, which we continue to strongly doubt. We believe S/TMUS would have a fighting chance against the DOJ in court, but potential FCC resistance could complicate the situation further — as it did for AT&T/T-Mobile's failed merger. Although S/TMUS could structure the break-up terms and timetable to accommodate litigation, such a case could be protracted, hindering their business plans, including for how they approach the incentive auction.
S&P Capital IQ's James Moorman also cut the stock to a Sell, writing that "Although we believe S has made significant improvements to its network, and we expect churn and other metrics to improve upon completion in mid-2014, we think the shares are overvalued at current levels."
On the other hand, Citigroup's Michael Rollins, while acknowledging regulatory hurdles, raised his price target to Sprint to $10.50 from $8.50, and raised his T-Mobile target to $33.50 from $28, to reflect what cost savings would come if the two were to merge:
Even though the regulatory risks remain, we are adjusting our target prices for Sprint and T-Mobile US in a merger scenario to reflect: 1) increased probability to 60% that Sprint bids for T-Mobile US, even though we believe the probability of gaining regulatory approval is at best 50%; 2) Sprint's higher share price improves value realization for Sprint shareholders within a price range for TMUS at $28-$38 per share (versus a previous estimated range of $28-$36); & 3) we believe Sprint can realize synergies at the higher end of our estimate range at $3 billion annually. We are raising our target price on Sprint from $8.50 to $10.50 per share, and for T-Mobile US from $28.00 to $33.50 per share, as we update our valuation methodology using 2015 metrics and to reflect the greater option value from a possible merger scenario between Sprint & T-Mobile US. We believe investors are likely to increasingly use 2015 metrics to value these stocks given the restructuring opportunities for both companies and to neutralize the accounting impact from T-Mobile's Value Plans). We maintain our Neutral/High Risk ratings on both Sprint and T-Mobile US.
Sprint executives including CEO Dan Hesse and CFO Joe Euteneuer said they misjudged how long many commercial customers would keep Nextel service, in a meeting today with Wells Fargo Securities and investors.
Sprint (S) shares were down 11 cents, or 1.6%, to $6.80 in afternoon trading. Separately Tuesday, Sprint said it is cutting 800 customer-service jobs, the largest staff cut since SoftBank acquired a controlling position in the third-largest wireless carrier last month. Softbank has been buying more shares, this MarketWatch story revealed today.
In the detailed Wells Fargo Securities report, which didn't address staff cuts, J. Davis Herbert and Eric Fishel, high yield telecom analysts, said Sprint executives expect to complete 38,000 Network Vision sites by mid-2014 as part of the first phase of their network overhaul. The next piece: incorporating 2.5 GHz of spectrum. Management expects to reveal more details on phase two "at some point in the not-too-distant future."
As for the legacy Nextel customers, "because many of those accounts also had significant CDMA users, management expects churn to be pressured in the back half of 2013," write the Wells Fargo analysts. "Management admitted that it misjudged how late in the game many of its commercial customers would hang on to the legacy Nextel service."
However, already Chicago is one of the first large markets that Sprint is close to 100% complete with Network Vision. The result is better service, with fewer blocks and drops for both voice and data, and speeds dramatically increased (+58% for 3G and +680% for 3G/4G), according to Sprint. (That means less need for fielding complaints, Bloomberg reports. )
Sprint believes the 2.5 GHz spectrum is the unique asset that will give the company a competitive advantage in network capacity and speed over time, according to Wells Fargo. From the report on how Sprint thinks it can overtake Verizon Communications (VZ):
BTIG Researh's Walter Piecyk, who has repeatedly lobbied or a higher take-out price for Clearwire (CLWR) since Sprint-Nextel (S) first announced it would buy half the company, last December, today cut his rating on Clearwire stock to Neutral from Buy after Clearwire's board said it endorsed a $5-per-share offer from Sprint and reversed course from a recommendation for a $4.40-per-share tender offer a week earlier from Dish Network (DISH).
Writes Piecyk,
We believe Clearwire shareholders will approve the $5 offer from Sprint regardless of any new overtures from Dish. Ergen could turn his attentions to Sprint ahead of that shareholder vote next week but it will be challenging given the need to convince a more diverse Sprint investor base as we wrote yesterday. We have argued for 6 months that the minority shareholders of Clearwire were likely to hold out for $5 or more and despite Sprint's "Best and Final" offer of $3.40, they increased their bid an incremental 47% to the $5 clearing price. If SoftBank can gain Sprint shareholder approval next week and gain FCC approval it will launch a formidable new competitor into the US Wireless industry and jump start the development of a 2.5/2.6 GHz ecosystem and TDD-LTE.
After being halted this afternoon, Clearwire stock is now up 35 cents, or 7.4%, at $5.04. Sprint stock is up 8 cents, or 1.2%, at $7.08, and Dish shares are down 5 cents at $39.22.
In related Sprint/Dish/Clearwire news, Argus Research's Joe Bonner today cut his rating on shares of Sprint to Hold from Buy, after Dish network last night said it would not submit a revised bid to merge with the company, crossing a deadline imposed by Sprint's board.
Like some other Sprint observers, Bonner thinks the return of focus to fundamentals is risky for the stock given numerous challenges:
While we see the SoftBank deal as a positive for Sprint, the risks surrounding Sprint's offer for Clearwire have risen. Dish remains focused on its competing bid for Clearwire, which has been approved by the Clearwire board, while Sprint has filed suit against Dish and Clearwire to block any such deal. We think that Clearwire is critical to Sprint's future and that it is still very much in play. If its lawsuit against Dish and Clearwire fails, Sprint's options will narrow: it will be forced to either make a higher bid for Clearwire, or gamble that Dish will not be able to reach the 25% ownership threshold needed to block the Sprint bid. If Dish is able to gain a 25% blocking position in Clearwire, we would see this as a major negative for Sprint. Sprint has been in turnaround mode for more than three years now, and while it has made strides in its low-margin prepaid business, attracting higher-margin postpaid subscribers has been difficult. In addition, while Sprint finally got the iPhone in October 2011, offering this iconic device cuts both ways as handset subsidies paid to Apple have hurt margins.
Shares of Leap Wireless (LEAP) are down 39 cents, or 6%, at $5.94 after Jefferies & Co.'s Thomas Thomas Seitz cut his rating on the shares this morning to Underperform from Hold, and cut his price target to $5 from $6, writing that weak business trends last year will persist this yearend that its spectrum holdings are not likely to attract any interest till the second half of this year, if ever.
"Competitive intensity is increasing," writes Seitz, as Leap and pre-paid provider MetroPCS (PCS) face more aggressive pricing of post-paid providers Verizon Communications (VZ), Sprint-Nextel (S), AT&T (T), and T-Mobile USA:
Since 2010, the pre-paid providers added 11 million subscribers in aggregate, and now count ~71 million subscribers (or ~25% of total wireless subscribers, up from 22% in 2010). In contrast, the post-paid market has added less than 4 million subscribers during the period, and has 218 million subscribers in aggregate. During 2012, however, the pre-paid momentum has slowed down. Granted, there has been a modest improvement in the economic activity – unemployment has trended lower, housing has picking up, as has autos, and consumer sentiment generally seems to have turned for the better. In our view, however, the seismic shift in competitive intensity is a much bigger factor impacting pre-paid growth. The Big-Four post-paid carriers – Verizon, AT&T, Sprint, and T-Mobile USA – are increasingly offering competitively priced pre- and post-paid plans as well as cheaper smartphones (even the iconic Apple iPhone is now available for free) to defend their turf. Additionally, in 2013, the pre-paid carriers are expected to scrub a significant number of Lifeline program subscribers (Leap had over 425k Cricket Lifeline customers at 3Q-end), which could further pressure growth.
Moreover, performance has been poor at Leap, in Seitz's opinion, and he thinks it's not getting better anytime soon:
Across the six key operating metrics that Leap reports – gross adds, churn, net adds, ARPU, cost per gross add (CPGA), and cash cost of service (CCU) – the only metric which was better YoY is ARPU which is primarily due to higher smartphone/Muve Music adoption. Gross and net adds were lower YoY, churn was higher, as were CGPA and CCU. Although Service revenues have been higher YoY in 2012, they have been either in line with Street estimates or modestly below […] Given the recent consolidation moves and anticipated capital injections into Sprint and T-Mobile USA, we expect the competitive intensity to increase substantially in 2013. Second, ARPU growth (which has been the only positive operating trend in 2012 year-to-date, please see Exhibit 6) could slow down in 2013 as smartphone penetration plateaus. Throughout 2012, smartphone and Muve Music customers have remained about 50% of Leap's subscriber base even as sales of these devices have been in the 55%-60% vicinity. In 2011, penetration increased steadily – from 10% at 2010 year-end to 17% at 1Q11, 27% in 2Q11, and 30% in 3Q11. If we assume that the current smartphone sales rate – as % of total handset sales – represents the steady state adoption level, we estimate modest 5%-10%-points of incremental growth […] As such, in our view, Leap's limited headroom on improving smartphone adoption could limit ARPU expansion in the future.
Shares of satellite television operator Dish Network (DISH) are up 15 cents, or half a percent, at $35 after the company yesterday appeared to win the backing of Federal Communications Commision chairman Julius Genachowski for a plan to use Dish's spectrum for a new terrestrial cellular network to compete with AT&T (T), Verizon Communications (VZ) and Sprint-Nextel (S), the last of which has fought the granting of a waiver to Dish.
The Washington Post's Cecilia Kang chronicles the remarks by the FCC, which still must approve Dish's plan by a unanimous vote of five commissioners.
Dish was not happy with the shape of the emerging FCC proposal, however, stating in a press release yesterday that limitations on its spectrum proposed by Sprint meant the plan would "not result in a net spectrum gain for the American consumer when the wireless economy needs access to all available spectrum."
Walter Piecyk with BTIG Research today opines that Dish is likely to receive commission approval by early December, which would "free the company up to start pursuing strategic opportunities that include companies like Deutsche Telekom (DTEGY), MetroPCS (PCS), Clearwire (CLWR)" and other cellular players.
Piecyk thinks even if Ergen were to sue over any restrictions in the FCC plan, he could still proceed with strategic deals:
The strategic landscape in the communications industry is rapidly changing and we accept Ergen at his word in that he is looking at varied alternatives but has plans to deploy the spectrum. When companies are awaiting approval from the FCC/DOJ it can restrict some of these strategic plans based on the uncertainty of the outcome of those approvals and a concern that any announced strategic moves might impact any existing decisions in front of the FCC. While Charlie could launch a lawsuit, that would not impact the waiver that he secured and he could proceed more aggressively with strategic partnerships. That could make for an interesting 2013, and the permutations of his options are best saved for a future note.
Meanwhile, Nomura Equity Research's Mike McCormack, who has a Neutral rating on the stock, and a $27 price target, today is more interested in the positive implications for Sprint, whose shares he rates a Buy with a $7.50 price target.
McCormack sees Sprint being able to add to spectrum assets in ways that could help its "long term evolution," or LTE, cellular service:
The proposed service rules, as reported by DISH, would seem to preserve the H-Block, a 5MHz paired spectrum block next to the S-Band spectrum that is yet to be auctioned. This seems to satisfy Sprint's comments throughout the rulemaking process, as the H-Block is contiguous and may fit best with Sprint's G-Block spectrum. We expect that Sprint, now better capitalized with the Softbank cash infusion, could be a natural bidder during an auction for the H-Block spectrum. Pairing the G-Block and H-Block would create a 10MHz channel that Sprint can use for 4G LTE and better compete on speed with Verizon and AT&T. An alternate scenario could be DISH bidding for the H-Block during an auction, which could alleviate the limitations placed on its S-Band spectrum in the current rulemaking.
Sprint shares today are up 6 cents, or 1%, at $5.57.
Tech Trader Daily is a blog on technology investing written by Barron's veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: email@example.com.


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|Write To Us :
|Friday | October 24, 2014
With a new, consciously international outlook, the Man Booker Prize is trying to remake its 'elitist' image. Aditya Mani Jha takes stock.
Beauty, death and games
Kanika Anand | 4th Oct
How a superstar 'devoured' a man called Jatin Khanna
TANUL THAKUR | 18th Oct
A dummies' guide 'to teen-patti'
AKHIL SOOD | 4th Oct
Date, propose, marry: Is digital love too convenient to be true?
Sanshey Biswas | 27th Sep
To thine own self be true: Hamlet in Kashmir
Uday Bhatia | 4th Oct
Munish Dhiman | 18th Oct
Despite the fact that there is quite a bit on your plate, you'll be able to carry out tasks in your own way and style this week.
VAASTU GUIDE: Kitchen
POWERFUL NUMBERS: 4th, 6th, 10th, 15th, 19th, 24th, 31st
GEMS: Black pearl: Public relations
COLOURS: Mustard yellow
Munish Dhiman
Acting might have added yet another National Award to her kitty (for assaying the role of Ayushmann ...
Substance over style in Shellac's album
18th Oct
If I were to describe Shellac in one word, it would have to be "uncompromising". The minimalist post-hardcore band from ...
"Sometimes we enter art to hide within it. It is where we can go to save ourselves, where a third-person voice protects us."
Michael Ondaatje


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Please check back for regular updates on the 2014 air show flying and static participants, follow us on facebook, twitter or subscribe to our RSS feed. We will post details of participating aircraft as soon as they are announced*.
Commentary throughout the day will be provided by the Airsound team. Click here for more information. During the flying display the Airsound commentary will also be broadcast on Radio Cosford on 87.9FM
|Flying Dispays *
|Place your cursor over each Aircraft for further information
|Military Aircraft
|Civilian Aircraft
Static Aircraft *
|*Please note that aircraft scheduled to appear at the RAF Cosford Air Show are booked on the understanding that operational commitments, adverse weather and aircraft serviceability can affect attendance. Therefore our programme may be subject to change for reasons beyond our control and we cannot be held responsible for last minute changes.
Below is a video of highlights from the 2013 show, to see pictures from the 2013 event please visit our Flickr group or Facebook.


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Kukla's Korner Hockey
Rafalski Activated
by Paul on 03/04/08 at 09:41 PM ET
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The Detroit Red Wings on Tuesday activated defenseman Brian Rafalski from injured reserve.
Rafalski, has missed the last eight games with a groin strain
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Steel-N-Country to perform
HARDY — The Steel-N-Country Band will perform at 6:30 p.m. Saturday at Hardy Junction Music Hall, located at Highways 62-412 in Hardy. Admission is by donation at the door. The hat will be passed for the band at the break.
Men's breakfast is Sunday
MOUNT PLEASANT — Barren Fork Church holds a free men's breakfast and fellowship at 7 a.m. every third Sunday. The church is located on Barren Fork Road in Mount Pleasant.
Church holds Bible series
The Church of Christ at Quail Valley will have its annual Summer Bible Series from 7 to 8:15 p.m. Monday through July 25. The theme is God's plan for the family. Classes will be held for ages 2 and up, including adults. The church is …
A Glance at Days Gone By
The annual Cave City School Alumni Reunion will be held Aug. 9 in conjunction with the annual Cave City Watermelon Festival. The reunion will be in the Cave City Middle School Cafeteria. All former students, teachers and their families are invited to attend. Lunch will …
Family raising money for mother
They were high school sweethearts, have been married for 20 years and have four sons, but the seemingly fairy-tale life all but shattered in 2011. Chris Stump and his wife, Tracy, heard the words no one wants to hear — cancer. Tracy was diagnosed with …
Stone County escapee caught sleeping
Shane Lee Mitchell wasn't on the lam long before he was captured sleeping in a chair. The Independence County Sheriff's Office learned Mitchell had escaped from the Stone County jail Wednesday afternoon and that he might be in the area. Officer John Carroll said he …
Biker eludes police
A police-motorcycle chase that started in downtown Batesville ended in a ditch near Desha Tuesday night. Around 10 p.m. Independence County deputies Jeff Adams and Gene Davis were on Central Avenue and within a few blocks of each other when they spotted a Suzuki motorcycle …
Weekend Events
Weekend events in Batesville and the surrounding area for Friday, July 18 – Sunday, July 20, 2014.
Thousands flock to fair
Thousands flocked to the Independence County Fair Wednesday and the weather couldn't have been nicer. Cooler temperatures brought in 3,695 people, up from last year's attendance of 3,055, according to officials. The night was jammed packed with plenty of entertainment including the Independence County Fair …
Three busted for drugs in Newark park
Things were dull at the Newark City Park Monday evening, so around 6:20 p.m. Joseph Boode decided to take a ride on the hood of Kruz Roberts' car. Matthew William was just along for the ride. Things livened up, however, when Newark Deputy Ashley Edwards …
Newark arsonist gets 10 years
A Newark man who watched his house burn after his wife lit the fire has been sentenced in Independence County Circuit Court. Bobby Freeman recently pleaded guilty to conspiracy to commit arson and received a 10-year prison sentence by Sixteenth Judicial Circuit Judge Dan Kemp. …
Bringing gospel to the Jews
The very people whom brought us Jesus do not believe he is the Messiah and its something Robert and Amanda Case are working to change. The Mountain View couple work with the organization, Jews for Jesus, and spoke at the Batesville Kiwanis Club meeting recently. …


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Justin Bieber and Antoine Dodson: Kings Of YouTube
As we approach the end of 2010, it's time to take a look back at the year that was … and an easy way to do that is to check YouTube and see what videos were the favorites of the Internet audience over the course of the calendar year.
If it's any indication, that means that this was the year of "Baby" and the Bed Intruder.
The autotuned version of "The Bed Intruder Song," as done by the hilarious [lastfm link_type="artist_info"]Gregory Brothers[/lastfm] (check out their semi-regular "AutoTune The News" for more fun), was seen 47 million times, tops for non-music videos on the site.
Other awesome viral videos in the top ten include the Old Spice "I'm on a horse" commercial at number five, [lastfm link_type="artist_info"]Greyson Chance[/lastfm] singing "Paparazzi" at number three and a parody of a [lastfm link_type="artist_info"]Ke$ha[/lastfm] video at number two.
Meanwhile, [lastfm link_type="artist_info"]Justin Bieber[/lastfm] and [lastfm link_type="artist_info"]Lady Gaga[/lastfm]'s YouTube battle ended with Bieber's "Baby" outlasting Gaga's "Alejandro," with 408 million (!!!) views. Gaga came in at eighth.
[lastfm link_type="artist_info"]Eminem[/lastfm], meanwhile, finished with two videos in the top ten, half of Bieber's number. [lastfm link_type="artist_info"]Rihanna[/lastfm] and [lastfm link_type="artist_info"]Shakira[/lastfm] were the other two artists represented.
Was Bieber's "Baby" the YouTube video you watched the most in 2010? Was it the Bed Intruder? Or was it something else entirely?
[Source: Idolator]


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If you don't speak English (you're probably not reading this), but you'll be able to use Google Insights for Search if you do speak one of the 39 languages that now have access to the tool. They are: Bulgarian, Catalan, Simplified Chinese, Traditional Chinese, Croatian, Czech, Danish, Dutch, English (US, Australian and UK), Estonia, Filipino, Finnish, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Norwegian, Polish, Portuguese (Brazil and Portugal), Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Thai, Turkish, Ukranian and Vietnamese.
Google Insights for Search launched last August and shows stats on keywords that you enter in. It's kind of like Google Trends on steroids.
Google is also adding some features to Insight for Search. There's a new forecasting feature that makes predictions based on historical data and search patterns.
Another new feature is an animated map. This allows you to view how a search term has trended over time in various locations. Look for the "View Change Over Time" link under the map.
Optimising Digital Marketing Campaigns with Search, Social and Analytics
At SES London (9-11 Feb) you'll get an overview of the latest tools, tips, and tactics in Paid, Owned, Earned, Integrated Media and Business Intelligence to streamline your marketing campaigns in 2015. Register by 5 December to take advantage of Early Bird Rates.


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To quilt...or sleep...that is the question.
-Gwennie Burrows
Catching Elephant is a theme by Andy Taylor
This is not an original pattern. It's old. Older than me, and that's saying something. I don't know how old it is, but it's been around forever and has been sold at craft fairs and online. I assume there is no copyright on the pattern; my Granny used to make it and I know it's been in old classic quilt pattern books
You can make these potholders either of two ways; either folded and hand-stitched, or folded and machine stitch the raw edges. If you machine stitch the raw edges, you can probably machine wash them. Otherwise you might want to hand wash them because, after all, they are just folded fabric.
To make a pair you'll need:
or enough fabric for from the print:
from the solid:
First, cut the 5" squares. If you're using the yardages, you will cut three 5" strips from the solid and four 5" strips from the print. Fold each strip in half lengthwise and iron, then cut at 5" intervals.
You will get eight cuts per row plus a little left over.
Next, iron down the top two corners to make a triangle. All the raw edges should be on the bottom side.
Repeat for all the squares.
Mark the center of the muslin by folding it in half twice. Place the scrap in the center. This makes sure that you won't see muslin showing through under your work. You could use a 10" piece of the solid fabric instead of the muslin if you wanted.
Starting with a solid triangle, pin in place as shown:
Repeat with three more solid triangles, then hand stitch the tips of the top corners down.
For the next row, place a print triangle 1/2" from the center folded seam of the solid triangle as seen in the picture. Repeat with three more triangles.
Then repeat with four more print triangles as shown below and stitch down the tips of all the points of the triangles:
Repeat with two more rows exactly like this one except solid next, then print.
Be sure to stitch down the points of all the triangle tips. At this point, flip the muslin over and use whatever method you need to, to mark a centered 9" circle on the back of the piece. Cut it out with a rotary cutter. Cut out one 9" circle of batting and one 9" circle of Insulbrite. Place the batting directly under the muslin, then the Insulbrite (shiny side out), then the 10" square of print on the back, wrong side down. Cut away the excess and zig-zag stitch the packet together to keep it from shifting.
Either make your own bias binding from your solid (or print) fabric or use prepared binding. If you make your own, you must cut the fabric diagonally in 2" wide strips, then sew the strips together. Store-bought is easier but you can get the color you want if you do it yourself.
Pin the binding onto the front of the potholder, right sides together. Fold over about 1/2" of the beginning of the binding for a smooth edge, then start sewing the binding on, 1/4" from the edge of the potholder. When you get to the end, continue on a little over the top of your folded-over part so it creates a clean edge. Flip the binding over to the back of the potholder, and fold it under. If necessary, trim excess, then sew with a hidden stitch. Iron it flat. You're DONE!!


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START! your journey here. This first presentation covers in depth design theory and root principles of composition. Also included is the first assignment Composition 1.1. <iframe src="//player.vimeo.com/video/85299600" width="1000" height="750" frameborder="0" webkitallowfullscreen...Last Post By: theshunzun August 6th, 2014
I have the following questions: When doing this study I stuck to the 1 hour limit and obviously I struggled since I'm new at this, but I see many other people here spending much longer on each study. Should I disregard the time limit aswell or just focus on getting faster? I did this using no...Last Post By: Agerkvist 1 Week Ago
LEVEL UP! is on and you may begin! The #1 Online Art Workshop in the World by ConceptArt.org Invest in your passion. We believe in the life-long path of studying art and upping the necessary skills to succeed in the industry and in your personal artwork. Level Up is a state of the...Last Post By: aolian 3 Weeks Ago
Hi, I don't have any questions for the moment but I will appreciate any correction. I post here my firts two studies. I would probably make at least another two studies of these same artists. 1.I would like to start with Berkey for all he represents for Science Fiction and Entertainment...Last Post By: Jason Manley August 26th, 2014
Hi everybody! Thanks a lot for one of the best lectures about composition. I'm rather new here but I've got very inspired by your Level UP! project! I may have some problems with my English, but I'll try to write my ideas in simply words and make some additional illustrations to help me:) Sorry...Last Post By: Jason Manley September 12th, 2014
Hi :) I'm giving a try at this assignment since I desperately need some practice and good advice to improve my skills. 1- "THE PEARL" - Bouguereau I choose this piece because I loved the dynamic silhouette of the girl eventhough she's just kneeling. I also love the opposition between...Last Post By: Jason Manley 29 Minutes Ago
Okay, here we go! My selections for the studies. I've elected to spend the full hour with each. I'm excited, a little nervous. Let's do this.Last Post By: Jason Manley 8 Minutes Ago
Hello This is my first attempt at drawing on a graphic tablet, so it did not work out too well;) The remaining 19 drawings, it will be hard work :) Orginal drawing : Jan Matejko - Studium głowy starcaLast Post By: Jason Manley August 3rd, 2014
This took me maybe a bit more than an hour (maybe close to 2? I kept getting caught up in the details even though we weren't supposed to worry about that) spaced over 3 days (first day cramps, second day pinched nerve in shoulder blade and forced myself through another pinched nerve today to finish...Last Post By: Jason Manley 35 Minutes Ago
START! and continue your journey here. This second presentation covers in depth light and value theory and root principles of light and shadow. Also included is the first assignment Color and Light 1.1. <iframe src="//player.vimeo.com/video/85318566" width="1000" height="800" frameborder="0"...Last Post By: Jason Manley August 3rd, 2014
Hi Everybody, So after observing all this progress people make here(good on you guys !!), I have decided to give digital painting a go.I'm new to whole forum idea, this is my first post ever. I'm just getting familiar with all the brushes and working in layers etc.I struggled a lot with whole...Last Post By: Jason Manley September 12th, 2014
I did this on my Ipad using a stylus and Procreate. That 'medium' presented it's own challenges, and since I was looking from laptop screen to ipad, it was even more difficult to gauge the sizes of the composition. But good practice! What I was focusing on here was Wyeth's use of lines. I...Last Post By: Jason Manley August 3rd, 2014
We are doing full color master studies every day on our journey to get better at art. Join us and continue to Level Up! Here is today's image for 02/05/14 #2 Portrait of C. Duran by J.S. Sargent.Last Post By: esukuta August 12th, 2014
We want to congratulate Morningbloom915 for this achievement. Her efforts have been dedicated, and her passion clear. Morningbloom915 is February's award winner for showing the most improvement in a single month. Take a look: http://www.conceptart.org/forums/showthread.php?t=274801 In the...Last Post By: Jason Manley September 12th, 2014
Hi everyone. This is my thirst study. I spent about 1 hrs on this. I like the atmosphere of the picture. I like the rhythm, of paintings and chairs on the background and checkerboard floor. Beautiful contrast - dark clothes and bright faces. Sorry for my awful English.Last Post By: Jason Manley August 24th, 2014
We are doing full color master studies every day on our journey to get better at art. Join us and continue to Level Up! Here is today's image for 02/09/14 #5 - by John White Alexander 1. Begin the master study from the image above. Studies are to be in full color. Be faithful to the...Last Post By: cricridb August 17th, 2014
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SpringOfSea's Sketchbook


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#selfie #hawaiianshirt #aloha #hipster #somuchshame
So this has been happening
My vintage Playboys! 1967, 1970, 1971 and 1974 respectively
Contemplating the world
Purau Bay taken from my garden
Boat shoes on a boat, how practical of me!
Cat frog!
Bringing back the skivvy!
Laura, Christchurch, 23.
I'm a bit of a contradiction. Trying to change things up for myself.


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Last modified: 30 October 2013
Welly season is loads of fun every year!
Image: Kaleel Zibe
Starting on 2 November and running until the end of December, the wildlife reserve and discovery park near Middlesbrough, will be celebrating all things welly-related, and is on the hunt for old wellies.
Lydia Tague, Marketing officer at RSPB Saltholme said: "Welly season is loads of fun every year, but we need wellies to make it happen! From green gardener's wellies or trendy festival wellies to pink with polka dot wellies, you can bring your old pairs to us and we'll put them to good use."
The welly extravaganza, will include an exciting range of activities, with everything from welly wanging, to using old wellies to make winter feeders and homes for wildlife. Or visitors can simply put their wellies on and have a refreshing walk around the reserve.
Lydia added: "All too often we are told that children today do not spend enough time outdoors, and a recent RSPB study has shown that only one in five children have a connection to nature. Getting out there, at any time of year, and seeing first hand how wildlife copes with our changeable weather is an amazing thing to witness. And this is a perfect opportunity for all the family to get outside and have some fun.
"I remember how much I used to enjoy pulling on my wellies as a kid, putting on my raincoat, and jumping around in puddles, and here at Saltholme, we want to remind everyone of that. We want to show people that you don't need to have perfect weather to have a lovely family day out."
Saltholme is also asking visitors to decorate their boots: one boot will go along the driveway into the site, to welcome the arrival of welly season; and the second will be used for crafts and activities. The top ten designed boots will win a free family pass for welly season.
Anyone wanting to donate their old wellies can take them along to the visitor centre at RSPB Saltholme. For more information, contact 01642 456625 or visit www.rspb.org.uk/saltholme.
RSPB reserves are great places for a day out
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31 October 2014
Embrace spiders instead of running scared of them this Halloween
30 October 2014
The RSPB has awarded the team behind the latest bird atlas for Britain and Ireland with the RSPB Medal, for their outstanding contribution to conservation
The RSPB issues a fresh challenge to the shooting community as the 2013 Birdcrime report shows illegal persecution continues
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Can Michigan reach 30% renewable energy sources by 2035?
Our state is working to get its energy needs met by wind and other renewable sources.
Right now, state law mandates that electric providers must obtain 10% of their electricity sales from renewable resources by 2015.
We're on track to do that.
But a recent report turned in to Governor Snyder says we could boost that to 30% by 2035. And when compared to neighboring states, Michigan's Renewable Portfolio Standard, the RPS, is not as robust as it could be.
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