BCGI

[setravis]

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.
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[setravis]

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

[setravis]

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.

[dwest718]

  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.

[Terliso]

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%   what the ****......

[setravis]

• 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

[Liquid Stick]

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

[setravis]

Use the Search and you can find...
A thread is running on this pick.

http://www.3stocksonfire.org/trading/index.php?topic=584.15

[setravis]

Here is the thread.....

[Terliso]

BCGI chart is attractive, looks like a good buy.

[Terliso]

Squeezing candle.... we need that volume now!

[setravis]

"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.                                                    
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 $$$                     

[setravis]

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

[setravis]

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