Eagle Broadband: In the Drivers Seat
After taking a long, hard look at Eagle Broadband's (OTCPK: EAGB) much anticipated 10Q filing and speaking with CEO Dave Micek, we are pretty darn excited about what the future holds for the company. As analysts predict an upcoming surge in Internet Protocol Television (IPTV), EAGB is attracting some of the industry's biggest deals, shaving off costs at a record clip (1st half fiscal '07 operating expenses down more than $1.75 mil vs. 1st half of '06), and from an operational standpoint, simply becoming far more efficient than ever before. Just in time for the inception of a video revolution! Don't get us wrong, IPTV growth alone could easily propel EAGB to unprecedented levels in regards to both corporate growth and value in the equity markets. The IPTV market IS expected to reach $40 billion by 2010, with 50 million subscribers by 2009. However, the company continues to generate a significant source of income through synergistic, yet separate, business segments (IT services and satellite communications). When attempting to gauge EAGB's near term market opportunity in the IPTV space, its helps to envision Internet Protocol Television as a racecar. Having a competitive, not to mention champion, car requires a ton of work in many respects (parts, expert engineering, maintenance, etc.). Oddly enough, many U.S. Triple Play (cable, internet, television) providers or prospective triple play providers are finding themselves in the same boat as prospective race car owners. Sure, you can hit AutoZone® and buy most of the pieces required to put the car together, but do you posses the knowledge, experience, patience, and time required to perfectly engineer the automobile and ensure that it can hold its own on the Formula One circuit? Well, if you're a company historically entrenched in the cable industry, this could be like Boeing attempting to snag market share away from Ferrari.This is where EAGB is poised to make a killing. By offering the "whole schebang", or more properly put, a complete IPTV solution including: hardware, software, signal encryption, system architecture/installation, and 24/7 monitoring, EAGB has attracted some huge contracts and has established itself as a very attractive choice for media providers of every tier. While IPTV remains a concept in the heads of many, EAGB should be in no way associated with a "concept" company. EAGB logs real revenues (Q2 fiscal '07 revs are up 13% over the same period of fiscal '06) and maintains real customers. Check this out! . . . Eagle Broadband Livehttp://nocipcamera1.eaglebroadband.com/view/view.shtml?imagePath=/mjpg/video.mjpg&size=1This is a live link to one of the company's head-ends in Texas. Although this particular command center is not currently serving IPTV customers (that head-end is in Miami), the link above exhibits the company's 24/7 monitoring capabilities, already solid infrastructure, and established customer base (green boxes on the hard to read screens represent customers in a certain area). Although small in stature, Eagle Broadband sure packs a punch. With the company's 10K filed, it should only be a matter of days before EAGB soars again, this time on the OTC Bulletin Board. As far as other progress is concerned, a quick peek at corporate news dated 4/23/07 provides an excellent snapshot of the what company has been up to over the past six months. Here are a few highlights: Signed a contract with FrontGate Broadband to deliver IPTVComplete(TM) in Florida
Shipped 500 units of Eagle's newest set- top box, the MediaPro IP3000HD, to a leading hospitality solutions provider
Signed a contract with the same hospitality solutions provider under which Eagle could ship more than $6 million in set-top boxes over a 13- month period if delivered according to the customer's service schedule
Acquired the customer base of Connex Services, Inc., a Houston-based IT services company
Appointed Tony Cordaro, the former president and CEO of Connex, as vice president of IT Services, and Kane Brushwood, a former Connex executive, as a director of IT Services
Secured a satellite communications system contract with Fort Bend County, Texas, to provide a portable SatMAX® Emergency Communications System and pre-wire the County's emergency operations center
Received a patent on our advanced set- top box technology that ensures secure delivery of digital television content
Received a series of contracts and completed installations of VoIP office support systems at five regional hurricane-recovery program offices for a world-renowned international disaster-relief organization
With ANEW Broadband, launched a joint collaboration of ANEW Vision; a triple-play service offering, specifically designed for multi-dwelling buildings.
As many of the telecom "big dogs" scurry to perfect their respective pieces of the IPTV puzzle, Eagle Broadband is already there with a complete solution as demand ramps up. The company's margins are improving and it is attracting increasingly larger contracts while maintaining leadership position in the IPTV space which is poised for monumental growth in the near- term. EAGB is a front runner in an exciting new industry space with a very bright future. Get off the sidelines and get in while the opportunity is undervalued. EAGB has big things ahead of it. This will be a good one for the long term portfolio. As always, do your due diligence and happy trading!Labels: EAG, EAGB, Eagle Broadband, IPTV
Don't Miss Eagle Broadband's Q2 Con Call
WHAT? Eagle Broadband Inc. (OTCPK: EAGB) Second Quarter Fiscal 2007 Result Conference Call.
WHEN? Monday, April 23 at 5:30 p.m. EST (Call will also be recorded and achieved for future listening) WHY? EAG will discus results of Q2 '07 and update listeners on recent corporate developments and progress with customers. Some of what transpires at this colloquium could play an enormous role in the company's market performance going forward.
HOW? Log into www.eaglebroadband.com using Microsoft Windows Media Player or Real Networks RealPlayer. WHAT ELSE? GET INVOLVED!Questions may be submitted prior to the call via e-mail at questions@eaglebroadband.com or via fax to (281) 538-4730, attention: Pat Kennedy. Both faxes and e-mails should be marked with the following subject header: Eagle Broadband conference call. Participants will also be able to submit questions online during the call via the Web cast interface.Labels: EAG, Eagle Broadband, Eagle Broadband Inc., IPTV
MAJOR MILESTONE for Eagle Broadband Inc.
 The day is here for the hoards of investors we've heard from over the past few months. Today all of you waiting, wondering when, when Eagle Broadband Inc. (AMEX: EAG) would make its highly anticipated transition from an IPTV thought leader into a viable supplier with actual IPTV customers, your wait is over!Although the market is pegged by many to explode over the next 3-5 years, many players, even the big dogs, have yet to sign up subscribers and actually bring them an IPTV solution. This is HUGE for EAG!Already a well respected industry guru, EAG established a leadership position early in IPTV's nascent stages and is now cashing in. Today's news announces that EAG and ANEW Broadband, have launched their joint collaboration of ANEW Vision-- a triple-play service offering, specifically designed for multi-dwelling buildings. The news goes on to state that Eagle and ANEW have launched the all IP based service for an exclusive condominium complex in Miami and have already signed up 100 subscribers who are already receiving the services.The ensuing weeks and months could prove to be very exciting times for Eagle Broadband Inc. We suggest taking a look at the company, its business model, and the potential of its IPTV business, which is ramping up for sales in '07. Labels: AMEX: EAG, EAG, Eagle Broadband, Eagle Broadband Inc.
EAG: First To Lead Industry With Interactive IPTV Workshop
Notching its place at the forefront of the IPTV market and also establishing itself as a thought leader, Eagle Broadband (AMEX: EAG) annouced today that COO Brian Morrow will speak and lead an IPTV workshop at the 2nd Annual Global IPTV Deployment Strategies Forum at the Westin Colonnade Coral Gables in Miami, Florida. With corporate management essentially "running the show" in part, this should be a prime opportunity for EAG to attract some attention and some needed business. Labels: EAG, Eagle Broadband
Stocks To Watch (pt. 1)
 Referred to by many as the future of television, Internet Protocol Television (IPTV) is expected to explode over the next few years, both in terms of adoption rates and revenues. Analysts are envisioning a market that will house 50 million subscribers by ’09 and be worth nearly $40 billion by ’10. While many tier-one industry players employ a wait-and-see approach, Eagle Broadband Inc. (AMEX: EAG) is making moves today. One of the few companies with Hollywood studio and major entertainment channel content distribution rights, and to our knowledge, the only widely deployed IP high definition set-top box in the hospitality industry, EAG is poised to become a market leader. While many in the IPTV space have grand visions for the future, Eagle Broadband, Inc. is pursuing customers today and is one of very few that have brought an effective solution to market at this point in time. Exemplifying this fact and proving to investors that management is dead serious about building an IPTV giant, EAG announced today that it has entered into a multi-year agreement with FrontGate Broadband, a multi-service broadband provider, to deliver IPTV services to condominium and master planned properties in Florida. Although Eagle management has not yet and likely will not provide guidance on the financial implications of this deal, we do know that, according to the company, FrontGate has a dedicated customer base of what it claims to be thousands of customers. In our opinion, a deal with a fast-growing (main focus is on fastest growing, multi-unit populations of FL.) and well established communications solution provider such as the one announced today will do nothing but positively impact EAG’s growth going forward. In a testament to the capabilities of EAG’s IPTV business, David Suarez, president of FrontGate MediaCom (and former CEO of All Access Technologies) stated, “Eagle’s IPTV content-delivery capabilities are unmatched in the industry,” “With the ability to deliver over 250 channels of in-demand, high-definition programming, we can truly provide complete luxury service bundles to our high-end clients. Furthermore, since FrontGate Broadband already has numerous properties that are expected to be under contract in the near future, we expect to have active subscribers shortly.” For those of you not up to speed on the basis of EAG’s IPTV business, here’s a quick rundown: The company’s solutions enable broadband cable providers, hospitality organizations, and builders within the fast growing MDU (Multiple Dwelling Unit) marketplace to provide more than 200 channels of premium viewing and also reap the benefits of sales associated with Pay-TV, high-definition (HD), personal-video- recording (PVR), video-on-demand (VOD) and subscription video-on-demand (SVOD) related purchases. In a nutshell, EAG equips client companies like FrontGate Broadband with the content that they need to maximize revenues. Still not convinced that the IPTV revolution is upon us, well it appears that Ericsson is. The company has offered up $1.4 billion in a bid to amplify its IPTV offering by acquiring Tandberg Television. Furthermore, a simple search on Google news will yield more coverage of the IPTV market than you will likely be able to stomach. The market surely has not come anywhere close to hitting its $40 billion target, but interest is indeed at an all time high and IPTV-related business deals are being closed at seemingly light speed. Recent discussions with Eagle Broadband executives have us extremely optimistic of what the next 6-12 months has to hold for the company’s IPTV business. This may be one of EAG’s first big IPTV-related contracts, but we have a feeling it won’t be the last. Need a little refresher on Eagle Broadband Inc. (AMEX: EAG)? Check out our corporate information center @ http://www.microstockprofit.com/Companies/Company7.stgx Labels: EAG, Eagle Broadband, IPTV, SatMax
EAG Set To Fight De-Listing
After receiving the bad news recently that the AMEX had rejected its plan to regain compliance and remain on the exchange, Eagle Broadband (AMEX: EAG)feels that the battle has just begun. One stipulation of the AMEX rejection was that EAG would become de-listed if it did not request a hearing in front of the AMEX panel. Eagle is indeed requesting a hearing and seems optimistic of its future results. Commenting on the situation CEO Dave Micek Stated "We look forward to meeting with the panel and presenting our updated plan". Labels: EAG, Eagle Broadband, IPTV
EAG: No One-Trick Pony, Big Installs for IT Services Division
 Although we feel that it’s OK for investors to drool over Eagle Broadband’s (AMEX: EAG) potential to become a leader in the IPTV market, expected to be worth as much as $40 billion by 2010, one must realize that the company is anything but an one-trick pony. Announcing today that its IT services division has successfully implemented VoIP support systems at five regional Hurricane-recovery program offices in three Gulf Coast cities, it appears that EAG has developed three extremely promising business segments (IPTV, SatMAX, IT Services). Commenting on today’s news Dave Micek, CEO of Eagle Broadband stated: "We are exceptionally proud to have designed and implemented a special telecommunications system that meets their needs today and will serve these broader communities tomorrow should disaster strike," "And we look forward to additional opportunities to implement projects like this for them across the country in other communities. These implementations are further examples of Eagle's expanding delivery of disaster-recovery communications solutions throughout the Gulf Coast region."
Labels: EAG, Eagle Broadband
Repeat Sale For Eagle's SatMAX (r) units
Annoucing on Tuedsay an additional order for its SatMAX(r) units from a nationally known communications technology corporation, Eagle Broadbad Inc. (AMXEX: EAG)is exhibiting that its products hold the potential to generate revenues outside of their traditional application markets. According to the EAG, the repeat customer will use the SatMax system test its own NAL Research Iridium-modem-based products. This has been identified by managment as a rather large potential market. Commenting on the recent news, CEO Dave Micek stated, "This repeat order validates that this unconventional use of our SatMAX product is indeed a viable business opportunity for Eagle". Labels: EAG, Eagle Broadband, IPTV
Eagle Broadband Kicks Off '07 with IPTV Sales
Showing promise that cashing in on the oncoming IPTV explosion is still a strong possibility, Eagle Broadband (AMEX:EAG) announced a contract today for 500 units with a leading hospitality solutions provider ( http://biz.yahoo.com/iw/070111/0202165.html). This most recent deal is with a new customer and could hold the potential for follow-up orders if initial roll-outs are successful. With the IPTV market expected to bloom over the next 3-5 years ( http://www.iptvmagazine.com/stats.html), EAG hopes to capitalize on its position as one of the only suppliers possessing Hollywood content distribution rights. Content rights coupled with Eagle’s position as one of the first companies actually implementing complete IPTV solutions should give it a chance to gain a foothold in a market that could become enormous. As the concept of the “Digital Living Room” comes to fruition ( http://www.allheadlinenews.com/articles/7006047656), it seems fairly evident that IPTV will have a spot in the future of television, at least for a period of time. If EAG continues to enhance its position in the market it could be prime for acquisition or partnership with some Internet and entertainment industry big wigs looking for a quick competitive boost. This development is of interest to many watching EAG and wondering when IPTV, its new strategic focus, would begin to yield some gains. If today’s market activity is any indicator, it seems that confidence is rising a bit in EAG’s ability to sign more IPTV related deals. Labels: EAG, Eagle Broadband, IPTV
Sewing the Seeds for a Fruitful Future….
With shareholders and investors a bit up in arms lately regarding the recent market activity of Eagle Broadband (AMEX: EAG), corporate management is on a mission to both improve operational efficiencies and keep EAG listed on the AMEX. News this week only exemplifies that fact that Eagle’s corporate team means business. Recently we have learned that EAG has agreed to purchase Connex Services, Inc., a Houston-based provider of IT-based services. Connex does an estimated $600k in annual revenues, not too shabby! In addition to bringing in a significant amount of cash, the artful acquisition is expected to facilitate growth of EAG’s IT services division by more than 35% (in terms of both accounts and incoming revenues).  At a cost of 1,203,774 shares of unregistered Eagle Broadband common stock, EAG believes that this is one of many moves that the company needs to make to both diversify its business and fuel future growth. Furthermore, the agreement stipulates EAG will not assume any of Connex’s debts or liabilities, a huge bonus as Eagle lays the foundation for a lucrative future. So at this point, like I was, I am sure many subscribers are wondering what this recent announcement has to do with big picture for Eagle. The majority of EAG’s news releases have been strongly focused on IPTV and SatMax in recent months. Any investor following Eagle would wonder, “What calls for the acquisition of an IT services provider??” After a little research, I can answer that question. There is more here than meets the eye. According to Tuesday’s announcement by EAG, Connex provides “national and international project management services for data, voice, fiber-optic, wireless, hospitality systems, access control, audio and satellite installations”. This acquisition, in addition to aiding a struggling bottom line and strongly complementing EAG’s existing IT services business, will provide greater visibility for EAG in its key markets. Exposure in this arena can mean the difference between a 5 cents stock and a 5 dollar stock. Many of EAG’s newly-acquired clients will also be targets for its ready-to-rock IPTV product/service offering.  Through strategic moves like this one, EAG is exposing their product to a larger captivated market and broadening thief offering. With more eyes on the company, potential business opportunities will present themselves. We, at MSP, never claims to be psychics. We have no crystal ball, but as the IPTV market begins to pick up steam (expected to become a $40 billion market by 2010), a prediction like EAG’s success is just common sense. For a little refresher course on EAG’s positioning in the marketplace and why we think this one is going to be an industry frontrunner, check out the most recent coverage of the company by Amalfi Research Group, Ltd. - EAG Research Report. Labels: AMEX, EAG, Eagle Broadband, IPTV, SatMax
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