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October 11, 2006

Sprint Tests MediaFlo From Qualcomm

posted by MR WAVETHEORY at 10/11/2006 02:06:00 AM
Sprint Nextel Corporation (NYSE S) is testing mobile TV service MediaFlo from Qualcomm.

Qualcomm Inc.'s (Nasdaq QCOM) highly anticipated MediaFLO mobile TV service is gaining momentum as Sprint Nextel Corp. confirmed it is conducting trials using the network technology and could soon join initial launch carrier Verizon Wireless in offering the service to consumers. The additional support could be crucial as competing mobile TV services come online.

Qualcomm MediaFlo Demo

That's great news. Now I can catch live sportscasts and CNN on my phone.

Verizon is already working with Qualcomm on MediaFlo.

That's bad news for MobiTV which is currently providing TV service on Sprint, Cingular, and Verizon Communications (NYSE VZ). That's probably why they raised a whole bunch, a couple million in fact, of change a few months ago - MobiTV raised $70 million from Oak Investment. It'll be going from hot to not.

Renee Blodgett, Courtsey Scott Beale (Laughing Squid)
Phil Alveda, CEO of MobiTV, crowed.
"We have taken tremendous strides to develop this rapidly emerging market across three continents over the last few years," said Phillip Alvelda, CEO, chairman and co-founder, MobiTV. "These rather substantial funds will help us capitalize on MobiTV's head start and position as the premiere brand in mobile television. We plan to use these funds to provide even more television content on more devices, across more networks, and in more countries around the world."
Nice job managing the downside Phil. Oak must have known about this that some of MobiTV's largest customers are testing Qualcomm's TV product. If not, this could be a real big issue for the board members. Believe me. Getting blindsided by the CEO is not good. I've been there. It's not a good feeling.

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