Peter Thiel: 'Almost everybody (tech CEO) I know' shifted right
At Culture, Religion & Tech, take II in Miami on October 29, 2024
Read more...Remember the Helio spots from two summers ago: Don't call it a phone?
Apparently owners Earthlink and SK Telecom don't want to call it a business model either.
DigitalMediaWire somberly reports
'Virgin Mobile completes the acquisition of Helio for $38 Million.'
Yahoo!Finance adds the fine details:
'In connection with the acquisition, Helio
shareholders SK Telecom and EarthLink and have received limited
partnership units and shares equivalent to 13 million shares of Virgin
Mobile USA Class A common stock, with a value of $38 million based on
the average closing price of Virgin Mobile USA's Class A shares, as of
two trading days before and two trading days after the date of
announcement. In addition, SK Telecom and Virgin Group will each invest
$25 million in Virgin Mobile USA for preferred shares.'
Sounds like a decent deal for a company with roughly 170,000 mobile customers?
To put things in perspective: Apple just reported to have sold 120,000 G3 i-phones in Germany alone during the last 6 weeks.
I distinctly recall Earthlink and SK Telecom announcing in 2005 to fund Helio to the tune of $500 Million. Did they just burn through $462 Million in 2 1/2 short years? Where can I sign up...
Crash and burn for the mobile generation? Here's to more innocent times: The 'Frenchie' spot.
At Culture, Religion & Tech, take II in Miami on October 29, 2024
Read more...The company will use the funding to broaden the scope of its AI, including new administrative tasks
Read more...The company will be deploying Qventus’ Perioperative Solution to optimize its robotics program
Read more...