NONE TO S.W.I.F.T.

Whenever I read an article, my father’s advice always comes to mind. Ask yourself who wanted the article written before thinking that the article is objective. The article about cyberattacks on worldwide banking is a case in point.

The Society of Worldwide Interbank Financial Telecommunications [SWIFT] has suffered from three successful cyberattacks. Given the trillions that go through the system the attacks were small, remote and isolated. In fact the network (which relies on mainframe non Internet connections) was not successfully attacked. Instead hackers in Bangladesh, Vietnam and Ecuador found end user computers they were able to use to penetrate the system.

The resulting fraud was direct point to point and not part of a network breach.

Now if I were SWIFT, I would want the article written to show the network is safe and secure.

If I were someone who wanted to replace swift , I would want to suggest that the problem is not in the edge, but at the core.

So I think this article was written by friends of SWIFT. However, I think this will be used by everyone looking to replace SWIFT with modern technology.

Block chain transactions are the bright shiny technology and has been successfully used to transfer monies internationally. Expect to see more about these alternatives written about as a result of this latest news.

Unicorn Awareness 2 of 145: Kik Interactive

This is a series of articles aimed at making people aware of the endangered Unicorns that exist among us.

It is not their fault that they are endangered. It’t the price and pride of ownership. So where along the way the decision was made to feed them more than they can consume and that lean was not as import as means.

Some of the unicorns have done well on this diet. Others have not. We don’t pass judgement on the individual unicorns. We just highlight the herd for your awareness.

We will ignore the fact that there were 147 about a month ago and assume that some funding goals were not made which culled the herd.

KIK Interactive

This is the second of the two associated with the Rest of the World, which is an interesting way to described Canada, but what the hell.

Here is how KiK describes itself.

We believe the smartphone era represents a transformation as big as the rise of the PC or the creation of the Internet. Your smartphone is actually part of you: always on, always connected, and always with you. And your smartphone puts the world in your pocket, wherever and whenever you want it.

We believe that chat is at the core of the smartphone era.

Kim claims to have 40% of the US market and with a market cap of $1B (they just made the cut ;<)) they have lots of opportunity.

Unicorn Awareness 1 of 145: Ironsource

This is a series of articles aimed at making people aware of the endangered Unicorns that exist among us.
It is not their fault that they are endangered. It’t the price and pride of ownership. So where along the way the decision was made to feed them more than they can consume and that lean was not as import as means.

Some of the unicorns have done well on this diet. Others have not. We don’t pass judgement on the individual unicorns. We just highlight the herd for your awareness.

We will ignore the fact that there were 147 about a month ago and assume that some funding goals were not made which culled the herd.

Ironsource

Since there were only 2 that were not from the US, EU or Asia, we will look at IronSource from Israel first.

The Wall Street Journal Billion Dollar Startup Club has them listed this way.

Some of the highlights in the WSJ read out is as follows.

    IronSource Ltd. has grown immensely since then by taking a central role in a world in which software is distributed mostly over the Web.
    The software is now in over 2 billion computers, helping IronSource generate more than $260 million.
    IronSource is bolstering its mobile products like MobileCore, a mobile-ad distribution platform. A growing share of the company’s clients comes from China.

Reverse Incentive Actions: Broadcasts Get Their Due

The broadcast industry has some choices to make.  They are being asked to free up spectrum based on an incenting them to return the spectrum to the government for resale to the carriers.

 

The value of the spectrum can be enhanced by the way the broadcast industry partners work together.

 

This spectrum shift requires planning.  To help we are gathering industry experts for a virtual event that will be streamed on October 19th 2012 and will be available in archive as this event.

 

http://www.tmcnet.com/webinar/crossfire/incentive-auctions.htm

 

The discussion will focus on challenges facing the television broadcasters as they decide whether to participate in the auction and how to calibrate their bids for optimal results. Participants will discuss the requirements in the Spectrum Act, the FCC’s recent Notice of Rulemaking Proposal (NPRM) as well as unresolved legal issues. Other panels will include a discussion of valuation and policy issues facing broadcasters.

 

As a virtual event there is a charge of $150 to attend, however government employees (this means you Congressional staff, FCC, NTIA etc.) should email me carl@crossfiremedia.com for free or per diem rates as needed.  3 hours of CLE credit are also available.

 

 

 

 

AGENDA

 

8:45 AM – 9:00 AM Introduction – Opening Remarks:

  • Harold Furchtgott-Roth, Former FCC Commissioner (Opening Remarks)
  • Barlow Keener, Keener Law Group (Introduction)

 

 

9:00 AM – 10:00 AM       Legal Perspective:

The Rules of the Auction Process

The opening panel will provide an overview of critical elements of the broadcast incentive auction as well as unsettled issues in the FCC’s recent NPRM. It will compare the upcoming reverse incentive auction with prior FCC auction processes. The panel will also discuss legal appeal process for the reverse incentive auction and potential pitfalls auction participants should consider.

  • Rebecca Hanson            FCC
  • John Hane                       Pillsbury Law
  • Brian Madden                  Lerman Senter
  • Marty Stern                      K&L Gates
    Moderator

10:00 AM -11:00 AM       Valuation:
Valuing The Reverse Auction Assets and Related Business Issues

The second panel will build on the legal explanation of the first panel. It will consider how the auction process and other factors will impact auction valuations and broadcasters decisions to participate. Panel topics will include general auction valuation expectations, variations in spectrum value by type of broadcaster and geography, and valuation considerations for broadcasters to consider when participating in the auction.

  • Coleman Bazelon            Brattle Group
  • Mark Fratrik                     BIA / Kelsey
  • Major Investment Bank   (Invited)
  • J. Armand Musey            Summit Ridge Group

Moderator

11:00 AM – 12:00 PM     Policy Perspective:

Important Social, Political and Economic Policy Implications

Our final panel will step beyond strict legal and economic considerations and evaluate the FCC’s goals versus those of the television broadcast industry. The panel will discuss issues including implications for news access in rural areas, implications for other FCC license holders, and other policy concerns.

  • Preston Marshall             Univ. of S. California
  • Fred Campbell                 CLIP
  • Trey Hanbury                  Hogan Lovells
  • Barlow Keener                 Keener Law Group
    Moderator

 

 

As you can see, we have gathered leading experts in the legal, financial and policy files to discuss the implications of the FCC’s upcoming television broadcast incentive auction on the television broadcasting industry.

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As a Friend let me help your on your way to the IPO.

If you are employed by Facebook, Groupon, Skype, Twitter and Zynga and have some stock in lieu of payment, I would declare them this year. As the stock market has been stagnant the NY Times suggests that 2011 will be the year of the IPO.
I am sure the IPO will be a success like Yahoo and Google were initially. Long term I will take a more skeptical view, but I expect that given how many lives are impacted by these technologies the IPO’s will become darlings and raise the value of the company.
Personally though if you were given stock as a consultant, then the stock’s value is based on when you declare it.
The purchase price for you will not be as relevant as the date you declare it, So I recommend you do it this year.
Otherwise you may find yourself having to sell of your stock to pay your taxes.
Unfortunately, I speak from experience.
Learn from those who went before.

Buys Signs for Alvarion

A word of warning, I do not own stock, I do not consider myself a buy side analyst.

I am a technology evangelist. Plain and simple.

And tonite I was with a congregation of WiMAX users most of them associated with Alvarion Nasdaq: ALVR.

The discussion was about the ease of use. It just works. No technician trying to configure on a truck roll.

One rural carrier in particular, shared their thoughts about how much WiMAX had changed their experience.

And speaking at the event were representatives of NTIA and RUS talking about the stimulus and looking forward to the Rural markets being well served.

After reading yesterdays headlines rehashed by some analysts, I have to say the congregation is speaking.

Grow with the Flow

I was asked by an Angel to start looking for opportunities in our space.  My first advice was there were better spaces then ours right now.

But maybe I am wrong. Maybe the transition is in process to the new communications paradigm.  Look at the realities of the market.   The consolidation has left little room for growth at the top and all the innovation is attaching itself to the web.  Whether its in a social network, a browser based voice client, or some widget that reduces the browser to a contextual application the web is the big move.  I can even make a case for the web being the model for Unified Communication.

This comes at a great time for turmoil, too.  The Internet is exploding with a drive to wireless and as Apple, Google, Intel and Nokia all drive us to a new marketplace the opportunities are to find a niche and grow with the flow.

So the good news is if you are a start up looking for an Angel.  I can put you in touch.  I will also tell you, I am having some discussions at various other levels of investment.

Let me know if I can help.