I'm new to this web site and message board. And, I'm impressed with this site. It's a neat service. And appreciated. I entered BCGI on 5-24 @1.50 It hasn't done much.
If the ruling goes against Freedom Wireless on those patents,this stock might get a nice jump..but till then I think it will stay flat for the most part.Just my thoughts.
I will recommend to stay out of it. Company dont have enough money to fight at the moment.
THIS NEWS CAME OUT MAY 23RD
BOSTON COMMUNICATIONS GROUP INC. (BCGI,Trade):
A jury on Friday ordered the company, which manages customer accounts for wireless companies, to pay $128 million in a patent-infringement lawsuit. [ID:nN23208327]
Its shares plunged 59 percent to $1.97 on Nasdaq.
???
The additional post-trial and a seperate nonjury trial will begin on JUNE 7 and will last most likely 2 weeks.Im not saying to buy the stock,just giving facts,and looking at the charts and other indicators!!Im sure He will do his Homework...I hope it will be a good trade for you John,
Thanks everyone for your input!
Quote from: johnbmcginnis on June 02, 2005, 12:07:34 PM
I'm new to this web site and message board. And, I'm impressed with this site. It's a neat service. And appreciated. I entered BCGI on 5-24 @1.50 It hasn't done much.
Welcome aboard john !
There was some insider buying by the CEO and director filed on Friday, June 3.
Maybe the reason for good increase Friday?
Do you think this will help continue upward movement this week?
My inital plan was to get out @ $2.00, but I think I'll hold. Friday's insider buys are positive.
from what I read from the chart, $2.50 would just be a conservative exit zone >:D
congrats !
Posted this on other board, but just in case-- FYI-- BCGI Chairman bought 137000 additional shares this AM.
I bought this at 1.80. and didnt pull the trigger fast enuf to let it go today. then this news came out after market closed
http://biz.yahoo.com/ap/050608/prepaid_wireless_verdict.html?.v=2
it dropped further in after hours to 1.76. should i sell it at open taking the loss , or should i hang on to it? what do u think the verdict will be?
What should i do? i am a newbie, any help is much appreciated! please help.
Thanks for the advice!
i read your post and i was ready to tell you to keep it. then i did the research and i hoe you did not worry and sell it. I would sell it now take the money and run to a safer rocket up
BCGI is brreaking out again, up over 20% at 2.29 now
any ideas?
whats going on? any ideas? :o
I wouldn't take overnight positions in this one...I think the ceo wanted everyone to see his buy of shares..wanted to create excitement... but thats not a technical reason...i know... thats how i feel about it
So the Euro buyout offer in US dollars =$2.9 minimum and $3.81 maximum. So if BCGI is currently trading at $2.15 that makes BCGI a buy?
Mike
Seems to me like a fake headout. Better to wait till 2.55. Volume is low.
Hi Eaglelearner,
Your reply to this post was deleted, because the link was not from any news source, and it was probably the same sceme used on SCLN:
http://biz.yahoo.com/iw/050609/088491.html
I don't know the reason for this move on BCGI, but if it's because of that story, it's just a pumping sceme.
We cannot tolerate this on 3stocks.
ALERT:
For other users, take a look at all this scemes:
http://www.spn.pt/?xpto=30&mid=122&for=14
IMPORTANT: ALL OFF THE POSTS ON THIS LINKS ARE SCEMES !!!!
They were posted on a Portuguese message board, that has nothing to do with the stock market.
best regards,
Nicely done Frederick, the good old takeover scam.
Mike
ah i see, i think i should sell the 2K shares on hand now the price is pumped.
Thanks ramsburg. I am a newbie :)
Quote from: eagerlearner on June 10, 2005, 01:17:34 PM
ah i see, i think i should sell the 2K shares on hand now the price is pumped.
Thanks ramsburg. I am a newbie :)
I'm not saying that BCGI is not a good stock to have...
I'm just alerting our members, that this takeover news are just a pumping sceme.
BCGI looks nice, just forget this spike, and act normally ;)
Thanks Sir Ramsburg. I was lucky to get out of SCLN in AH for slight profit. Man, that pisses me off!
Looks like BCGI is not over yet.
Ram
update on the trial
http://biz.yahoo.com/prnews/050620/nym243.html?.v=7
any comments?
thanks!
http://biz.yahoo.com/bizj/050621/1122480.html?.v=2
is this a positive news or a negative news? will the settlement hurt the fundamentals of the company?
any ideas much appreciated!
thanks.
very very huge volume traded at the end of the day. over 1 million traded in the winding minutes indeed. something must be up soon.
how do u find out if that's buy or sell?
thanks.
Check ITCD. Same chart as BCGI. It is bouncing around in close range all day. But at the minute before market close, there is 200,000 shares orders come thru
Is it a buy signal for the next trading day?
what do think about bcgi
i have stock bcgi but yesterday lose under 1
what do yau think i keep or sell alll my stocks bcgi
Press Release Source: Boston Communications Group, Inc.
Boston Communications Group, Inc. Signs Definitive Settlement Agreement to End Freedom Wireless Litigation
Friday July 21, 3:32 pm ET
Company is Reviewing its Historical Option Grants Practice in Response to Informal SEC Inquiry
BEDFORD, Mass.--(BUSINESS WIRE)--July 21, 2006--Boston Communications Group, Inc. (NASDAQ: BCGI - News), a leading provider of products and solutions that enable mobile operators and MVNOs worldwide to differentiate their offerings and increase market penetration while reducing costs, and Freedom Wireless, Inc. today announced that they have signed a definitive settlement and license agreement settling and dismissing, with prejudice, Freedom Wireless' patent litigation against bcgi and its carrier customers, including its co-defendants.
"We are thankful to be able to end this chapter in bcgi's history, and we believe that the decision we've made to enter into a settlement with Freedom Wireless is the most prudent path forward to preserve and enhance the value of our business by alleviating the risk our customers and other stakeholders might have borne in the course of our continuing legal battle," said E.Y. Snowden, bcgi president and CEO. "With this agreement, and our ability to offer the wireless industry bcgi's best in class, 3GPP-compliant, Intelligent Network-based Real-Time Billing platform together with the protection of a license for the Freedom Wireless patents, we believe bcgi 's competitive position is dramatically enhanced, as evidenced by today's 8-K filing disclosing a long-term contract renewal."
The terms of the settlement and license agreements have been finalized, and the settlement is conditioned upon the entry of orders vacating certain orders and judgments in the U.S. District Court for the District of Massachusetts. The license agreement allows bcgi to continue business, including the sale of its real-time prepaid billing product, without the burden of any infringement claim by Freedom Wireless. The license agreement protects bcgi's mobile operator customers, channel partners and suppliers in connection with bcgi products, services and technologies. However, it does not resolve or settle any claims, disputes or liabilities relating to the use or infringement of the Freedom patents by mobile operators in connection with any prepaid wireless system or service other than services provided by bcgi.
Pursuant to the settlement agreement, bcgi will pay to Freedom Wireless $55.3 million in full and final settlement of all claims against bcgi through June 30, 2006, including $12.6 million that will be a prepayment of royalties under the license agreement. The prepayment is anticipated to cover bcgi's royalty obligations to Freedom Wireless for the period from July 1, 2006, through approximately Feb. 28, 2007. The total settlement to be paid collectively by all of the defendants to Freedom Wireless is $87 million. As part of the settlement, bcgi's co-defendants have agreed to release bcgi from its indemnification obligations to such parties.
The license agreement enables bcgi to provide mobile operators real-time prepaid wireless services that are fully licensed under the Freedom patents. Pursuant to the license agreement, bcgi will be required to pay ongoing future royalties for prepaid subscribers beginning on or about March 1, 2007, in accordance with the terms in the license agreement. The license agreement also provides for a contingent payment equal to 5 percent of any increase in bcgi's average market capitalization for the six months ending June 30, 2007, compared to the six months ended June 30, 2006, payable in four quarterly installments beginning September 30, 2007.
"In terms of prepaid subscribers served, this license agreement makes bcgi the largest Freedom Wireless licensee," Snowden said. "We believe that the protection this license affords our customers will allow future pricing to accommodate the cost of the royalties. With our license of these patents, and our industry leading Real-Time Billing features, performance and flexibility, we look forward to reinforcing our prepaid wireless leadership as the segment continues to grow."
bcgi, its codefendants and Freedom have filed a Joint Motion for Relief from Orders and Judgment in the District Court, requesting the court to vacate certain orders, including vacating the finding of willful infringement against bcgi. If the District Court denies the joint motion, the settlement will not be consummated; the parties have asked the District Court to rule on this joint motion expeditiously.
bcgi Accounting Treatment
With respect to the accounting treatment of bcgi's $55.3 million cash payment, bcgi had previously accrued a $64.3 million estimated loss related to the Freedom litigation. While the Company is still evaluating the accounting treatment relating to the payments and obligations of the Settlement and License Agreements, for the quarter ended June 30, 2006, bcgi expects to reverse a portion of the previously recorded loss, resulting in a net gain to operating income to reflect the amount of settlement related to past damages. The royalty prepayment of $12.6 million is expected to be recorded as an asset as of June 30, 2006, and amortized to expense over the period from July 2006 through February 2007. bcgi expects to finalize and report the accounting details of the settlement and license agreement in its second quarter earnings release, which is expected to be on July 28, 2006. Absent the impact of the settlement and license agreement on the Company's financial statements as of June 30, 2006, the Company reiterates its previous guidance of lower sequential revenues and a net loss for the second quarter.
bcgi's cash, cash equivalents and restricted cash totaled $70.3 million as of March 31, 2006. Under the terms of the Appeal Agreement with Cingular Wireless, the $41.9 million restricted cash amount in escrow as of March 31, 2006, will be applied toward bcgi's settlement payment to Freedom.
Option Grants
bcgi also announced today that Staff of the Securities and Exchange Commission had contacted it by telephone regarding an informal inquiry relating to certain option grants made between 1998 and 2002. The Board of Directors has retained outside counsel which, along with bcgi, has begun to review bcgi's historical option grants practices. The results of that review will be reported by outside counsel to a Special Committee of the Board. The review is still ongoing and the Special Committee is continuing to review these matters. Based on the investigation conducted to date, the actual measurement dates for accounting purposes for certain stock option grants during prior periods may differ from the recorded grant dates for such awards. As a result, the Company may need to record additional non-cash charges for stock-based compensation expense related to those prior periods, however, the impact of any such compensation charges, if any, for any relevant fiscal period has not been determined.
Conference
bcgi will hold a conference call and Web cast at 8 a.m. Monday, July 24, 2006, to discuss the settlement. bcgi President and CEO E.Y. Snowden and Chief Financial Officer Karen A. Walker will host the call. Parties interested in listening to the call should dial 1-800-423-5972 at least 10 minutes prior to the scheduled start of the call. For those unable to participate at the designated time, a replay will be available for seven days following the call via telephone at 1-800-642-1687 (Conference ID: 3457474) and will be available for 90 days on the Web at www.bcgi.net.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including statements regarding the timing and terms of the settlement with Freedom Wireless, bcgi's competitive position, the time period covered by the royalty prepayment to Freedom Wireless, future pricing including the cost of the royalties, the impact on previously issued financial statements as a result of the stock option review, and revenue and earnings guidance. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Among the important factors that would cause actual results to differ materially from those indicated by such forward looking statements are: the entry of orders vacating certain orders and judgments in the U.S. District Court for the District of Massachusetts and the Courts ruling on those orders, bcgi's ability to sell its Real-Time Billing product to new customers, the growth of bcgi's carrier customers during the prepayment period, the results of the review of bcgi's historical option grants practices and additional information that may cause the current quarter results to differ from bcgi's guidance as well as the other factors that may affect future operating results detailed in bcgi's form 10-Q for the quarter ended March 31, 2006 filed with the Securities and Exchange Commission.
About bcgi
bcgi delivers innovative products and services that enable mobile operators and MVNOs worldwide to differentiate their offerings and increase market penetration while reducing costs. Founded in 1988, bcgi is a leader in identifying and addressing new market needs with proven solutions, including prepaid and postpaid billing, payments and access management. For more information, visit www.bcgi.net.
Contact:
bcgi Media Inquiries
Stephanie Pachucki, 1-781-904-5026
[email protected]or
bcgi Investor Inquiries
Joe Calabrese, 1-212-827-3772
[email protected]--------------------------------------------------------------------------------
Source: Boston Communications Group, Inc.
21-Jul-2006
Entry into a Material Definitive Agreement, Financial Statements
Item 1.01. Entry into a Material Definitive Agreement.
On July 21, 2006, Boston Communications Group, Inc. (the "Company") entered into a definitive settlement and license agreement settling and dismissing, with prejudice, Freedom Wireless' patent litigation against the Company and its carrier customers, including its co-defendants.
The terms of the settlement and license agreements have been finalized, and the settlement is conditioned upon the entry of orders vacating certain orders and judgments in the U.S. District Court for the District of Massachusetts. If the District Court denies the joint motion, the settlement will not be consummated; the parties have asked the District Court to rule on this joint motion expeditiously. The license agreement allows bcgi to continue business, including the sale of its real-time prepaid billing product, without the burden of any infringement claim by Freedom Wireless. The license agreement protects bcgi's mobile operator customers, channel partners, and suppliers in connection with bcgi products, services and technologies. However, it does not resolve or settle any claims, disputes or liabilities relating to the use or infringement of the Freedom patents by mobile operators in connection with any prepaid wireless system or service other than services provided by bcgi.
Pursuant to the settlement agreement, bcgi will pay to Freedom Wireless $55.3 million in full and final settlement of all claims against bcgi through June 30, 2006, including $12.6 million that will be a prepayment of royalties under the license agreement. The prepayment is anticipated to cover bcgi's royalty obligations to Freedom Wireless for the period from July 1, 2006, through approximately Feb. 28, 2007. The total settlement to be paid collectively by all of the defendants to Freedom Wireless is $87 million. As part of the settlement, bcgi's co-defendants have agreed to release bcgi from its indemnification obligations to such parties.
The license agreement enables bcgi to provide mobile operators real-time prepaid wireless services that are fully licensed under the Freedom patents. Pursuant to the license agreement, bcgi will be required to pay ongoing future royalties for prepaid subscribers beginning on or about March 1, 2007, in accordance with the terms in the license agreement. The license agreement also provides for a contingent payment equal to 5 percent of any increase in bcgi's average market capitalization for the six months ending June 30, 2007, compared to the six months ended June 30, 2006, payable in four quarterly installments beginning September 30, 2007.
The license agreement will continue until the expiration of the last-to-expire of the licensed patents.
--------------------------------------------------------------------------------
Busted through resistance...
Volume: 1,642,509
Avg Vol (3m): 237,889
Technicals
13-day EMA Cross Above 50-day EMA
Percentage Gainer
Last Price Quote is:
159.82%above 13-day EMA
166.05%above 50-day EMA
RS Rating: 98
Fundamentals
Earnings Expected on Jul 26
Key Data:
Market Cap (M): $24.17
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 07/26/2006
Last Analyst Rating: Sell
Boston Comm to pay $55.3 mln to settle Freedom litigation
SAN FRANCISCO (MarketWatch) -- Boston Communications Group Inc. (BCGI : Boston Communications Group
Last: 4.01+2.09+108.85%
4:32pm 07/21/2006
4.01, +2.09, +108.9%) said Friday it will pay $55.3 million to Freedom Wireless to definitively settle the outstanding patent litigation against Boston Communications and its carrier customers. The total settlement to be paid by all of the defendants to Freedom Wireless is $87 million. The settlement includes a license agreement that allows Boston Communications to provide services that are fully licensed under the Freedom patents. Boston Communications will also be required to pay ongoing future royalties. Boston Communications had previously accrued a $64.3 million estimated loss related to the Freedom litigation, and the company expects to reverse a portion of the loss, resulting in a net gain to operating income. The company also reaffirmed its previous guidance of lower sequential revenues and a net loss for the second quarter, excluding the impact of the settlement and license agreement.
:o :o How'd I miss this :'( :'( BCGI has been on my watch list for a year and just when I look away it settles the dispute that is holding the price down. Waiting to see what the stock does on Monday... could be the 3rd stock on my list to buy on Wednesday morning. Too bad I missed this run up. Still could close the gap to 4.50 very easily even if it falls back to the support/resistance level at 3. Looking for that retracement and a nice bounce on some volume and then I'll look to buy at least 500 shares just to get my feet wet.
Even I got disappointed on this one, 4 days ago it showed up on my filter and caught my attention because the 50sma & 200sma has been broken. I was hoping to buy some shares above the 200ema & next thing I know the price rocketed above 100% :o :o :o what the ****...... ;)
• Boston Comm upgraded by Kaufman Bros
Briefing.com (Mon 7:48am)
Technicals
Last Price Quote is:
43.32%above 13-day EMA
75.56%above 50-day EMA
RS Rating: 82
Fundamentals
Analyst Upgrade to Hold
Earnings Expected on Jul 26
Key Data:
Market Cap (M): $71.80
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 07/26/2006
Last Analyst Rating: Hold
BCGI has that look! Anyone else at all interested. I'm thinking 3.25 and she runs. Today's action is pivotal. But, has that hoover look to me. Like it is getting sucked up from above a levitation to the higher side.
LS
Use the Search and you can find... ;)
A thread is running on this pick.
http://www.3stocksonfire.org/trading/index.php?topic=584.15
Here is the thread..... ;)
BCGI chart is attractive, looks like a good buy. ;)
Squeezing candle.... we need that volume now!
"BCGI" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;) ;D
BCGI is delinquent in its regulatory filings.......
The Panel decision that was called for review by the Nasdaq Listing and Hearing Review Council (the "Listing Council") was dated January 9, 2007. As such, the Company understands that the Listing Council's discretion to stay the decision of the Nasdaq Listing Qualifications Panel, discussed below, will be exhausted as of July 8, 2007. While the Company continues to believe that the process can be completed before that time and will make every effort to do so, due to the complexities of the restatement process, no assurance can be given that we will be able to meet that goal.
• Boston Communications Group, Inc. to Remain Listed on NASDAQ Pending Review by Nasdaq Board
Business Wire (Fri, Jun 29)
Volume has dried up...closed above the 13-day and 50-day MA.
52wk Range: 1.30 - 4.14
Volume: 28,372
Avg Vol (3m): 79,739.1
Technicals
Stochastic - Bearish
Last Price Quote is:
4.29%above 13-day MA
1.29%above 50-day MA
RS Rating: 26
Fundamentals
Key Data:
Market Cap (M): $31.16
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 07/27/2007
Last Analyst Rating: Hold
and pop she goes.......
52wk Range: 1.40 - 3.46
Volume: 4,491,929
Avg Vol (3m): 126,755
Technicals
Gap Up
Percentage Gainer
Last Price Quote is:
69.55%above 13-day MA
87.48%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $31.16
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 07/27/2007
Last Analyst Rating: Ho