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Posts by Armand Musey
Summit Ridge Group Bolsters Expertise in Advising Satellite, Telecom, Media, and Broadcast Industries with Appointment of Industry Experts
By Armand Musey | August 18, 2021
Robin Flynn joins as Advisor & Media Sector Consultant, Rebecca Hanson as Advisor & Regulatory Consultant, Whitney Q. Lohmeyer, Ph.D. as Advisor & Engineering Consultant NEW YORK (PRWEB) AUGUST 18, 2021 Summit Ridge Group, LLC, a leading provider of valuation and related financial advisory services in the communications sector, today announced three key appointments to its…
Summit Ridge Group White Paper Analyzes FCC Reimbursement Programs
By Armand Musey | July 21, 2021
Summit Ridge Group is pleased to announce the release of its white paper, "FCC Reimbursement Programs: Background, Accounting, and Financial Considerations for Participants." Our 20-page white paper is designed to provide participants with information about the non-obvious implications of such programs for participating entities. As wireless technology advances and the spectrum appropriate for such uses…
Wireless Spectrum Life Cycle – Not Exactly Like Real Estate
Spectrum license valuation is often analogized to real estate. It is physically bounded, effectively zoned by regulators for specific purposes, and often leased. The analogy of spectrum licenses to real estate is effective. However, almost all analogies eventually break down. The spectrum license/real estate analogy breaks down when considering long-term future use. March to Higher…
LEO Satellite Systems – The New Challenge for WISPs
By Armand Musey | July 7, 2021
There is a lot of news about how new low earth orbit ("LEO") satellite projects, particularly front runner SpaceX's Starlink system, are turning the satellite industry upside down. The Starlink team apparently broke the code on a path to consumer-priced hardware and is rolling out service region by region as it installs gateways around the…
Summit Ridge Group Managing Director E. Barlow Keener Appointed Co-Chair of FCBA Wireless Telecommunications Committee
By Armand Musey | September 30, 2020
NEW YORK (PRWEB) SEPTEMBER 30, 2020 Summit Ridge Group, LLC announced today that Managing Director E. Barlow Keener, JD, CIPP, has been appointed Co-chair of the Federal Communications Bar Association's ("FCBA") Wireless Telecommunications Committee for the 2020-2021 term. Additionally, Summit Ridge President J. Armand Musey, CFA, has been reappointed as a co-chair of the FCBA's New…
Veteran Media and Telecom Appraisal Expert, Bill Redpath, ASA, CFA, CPA, ABV joins Summit Ridge Group
By Armand Musey | May 6, 2020
NEW YORK (PRWEB) May 6, 2020 Summit Ridge Group, LLC announced today that William "Bill" Redpath has joined the firm today as a Managing Director. Bill will augment Summit Ridge's media and telecom valuation and financial consulting practice. Bringing more than 30 years of industry valuation experience, Bill will enhance Summit Ridge Group's growing leadership position in valuation and related financial consulting matters including transactional support, research and litigation support in the satellite, media and telecom sectors. Prior…
Summit Ridge Group, LLC Provides Department of Justice Antitrust Division with Financial and Wireless Industry Analyses for the T-Mobile/Sprint Merger Review
By Armand Musey | April 22, 2020
Summit Ridge Group, LLC today announced that it provided financial and mobile wireless industry analyses for the US Department of Justice (DOJ) regarding the $26 billion merger between T-Mobile and Sprint. NEW YORK (PRWEB) April 21, 2020 — Summit Ridge Group, LLC, a leading provider of valuation and financial advisory services in the media, telecommunications…
Unofficial Notes from NYC Connectivity Conference 2019
On June 26th and 27th, Connectivity Business held a two-day conference in NYC. The event was held in the shiny new Hudson Yards office of the law firm Milbank LLP (formerly known as Milbank Tweed Hadley & McCloy). True to form, Milbank supplied not only an excellent location, but also terrific food and drinks. In…
Experienced communications and media analyst, Randy Reynolds, CFA joins Summit Ridge Group team to augment its valuation and financial consulting practice
NEW YORK (PRWEB) JULY 31, 2019 Summit Ridge Group, LLC is pleased announce that Randy Reynolds, CFA has joined its team to augment its communications sector valuation and financial consulting practice. The move reinforces Summit Ridge Group's commitment to enhancing its leadership position in valuation and related financial consulting matters including transactional support, research and litigation…
Unofficial Notes from Satellite 2019
By Armand Musey | June 24, 2019
FULL NOTES HERE (68 pages) This year's Satellite 2019 conference was more upbeat than the past few years. There was a general recognition that the industry has changed and is adapting to long-term pricing declines and performance improvement (e.g., finally accepting Moore's Law 🙂 From a broader perspective, the satellite industry seems to be slowly…
Unofficial Notes from NAB New York 2018
By Armand Musey | November 14, 2018
Full notes available here Executive Summary Members of Summit Ridge Group attended the NAB Show New York on October 17, and 18, 2018, at the Javits Convention Center in New York City. The NAB Show New York is produced by the National Association of Broadcasters. The focus of the NAB Show New York is next-generation…
Summit Ridge Group Releases 392-page Publication, "The Spectrum Handbook 2018"
By Armand Musey | October 17, 2018
Summit Ridge Group, LLC announces the release of The Spectrum Handbook 2018, a comprehensive guide for wireless spectrum and its regulation. Executives and attorneys for satellite operators, mobile network operators, and wireless spectrum owners will have the book close at hand as their primary wireless reference material. The 2018 Spectrum Handbook received praise from 15 wireless…
We're Hiring – Senior Administrative Assistant/Junior Analyst
By Armand Musey | April 6, 2018
Rapidly growing NYC-based boutique financial valuation firm seeks senior-level administrative assistant/junior analyst to support team, manage marketing projection, and contribute to client projects. Duties include: Organizing expenses, updating website, managing e-mail databases and distribution of marketing materials. We hoping to find someone who can also assist with client projects, particularly data entry and data manipulation.…
Unofficial Notes from Hogan Lovells' 2017 Winnik Forum
LINK: Unofficial Notes from Hogan Lovells 2017 Winnik Forum (13 pages) Executive Summary Hogan Lovells hosted the 2017 Winnik Form, named after a late partner, Joel Winnik, on Thursday November 9th in their Washington, D.C. office. This year's event was a half-day, focused on "Convergence and Competition." It's seems trite to say, but the number…
Unofficial Notes – Euroconsult World Satellite Business Week
By Armand Musey | October 2, 2017
Unofficial Notes from Euroconsult's World Satellite Business Week Conference, September 11-15, 2017 in Paris, France Executive Summary Presenters at this year's conference were more positive than last year. They consistently painted a picture that the worst in terms of declining FSS revenue may be behind us. At the same time, most of the planned HTS capacity ordered…
Unofficial Notes: STS Tech Day, August 16th 2017
Summit Ridge Group's Unofficial Notes Executive Summary We attended STS Global's second annual Tech Day on August 15th at its Stonybook, NY headquarters. About 75 industry professionals attended. The day was filled with solid presentation and detailed discussions about a range of issues impacting the satellite sector. This year's line-up was notable in that much…
We're Hiring – Junior Analyst Position
Junior Analyst Summit Ridge Group, LLC is a growing NYC-based boutique financial valuation firm seeking a highly skilled and motivated junior analyst Job Description: Initial project involves tracking and reconciling expenses for a large client project. The successful candidate will also be expected to support two senior valuation professionals in all aspects of business. Tasks…
Summit Ridge Group's Unofficial Notes from Satellite 2017
Summit Ridge Group's complete "Unofficial Notes" from Satellite 2017 Conference held on March 6-9th, 2017 in Washington, D.C. (48 pages). Executive Summary Satellite 2017 made clear the industry is in the midst of massive change. Vertical integration, massively falling prices, reusable launch vehicles, digital satellite payloads, cheaper customer equipment, IoT, and 5G dominated discussions. While…
Intelsat and OneWeb: True Love or Shotgun Wedding?
By Armand Musey | March 5, 2017
Intelsat + OneWeb = True Love or a Shotgun Marriage It's well known that Intelsat and OneWeb announced plans to merge, backed by a $1.7 billion investment from SoftBank. This adds to Sofbank's investment in the satellite sector, following its December 2016 announcement of a $1 billion investment in OneWeb. What's not well understood is…
Summit Ridge Group's Unofficial Notes from Pacific Telecom Conference (PTC)'17
By Armand Musey | January 25, 2017
Summit Ridge Group's full unofficial notes from Pacific Telecommunications Council 2017 (PTC'17) conference held in Honolulu Hawaii, January 15-18, 2017. (41 pages). Executive Summary PTC17 highlighted interesting parallels between technologies, particularly undersea cable and satellite. Both face new projects coming online that dwarf existing capacity due to new technology that is more efficient, often by…
Notes from Hogan Lovells IoT Forum on November 1st
Attached are my notes from the Hogan Lovells 5th Annual Winnik Forum which focused on Internet of Things (IoT) EXECUTIVE SUMMARY On December 1, 2016 Hogan Lovells hosted their 5th Annual Winnik Forum, named after a former partner, Gary Winnik, who died in 2012. This year's event, held in Hogan Lovells newly remodeled DC offices,…
Notes from 5th Annual Space & Satellite Regulatory Colloquium on Oct 20th
Attached are my notes from the Dentons, ManSat and SatNews "5th Annual Space and Satellite Regulatory Colloquium" held on September 20, 2016 in Washington DC. Executive Summary Dentons, ManSat and SatNews Annual Space and Satellite Regulatory Colloquium, now in it's fifth year has grown to about 100 attendees and included 14 panels and keynotes (including…
Armand's Notes from Euroconsult 2016 Conference
Attached are a full set of my notes from the Euroconsult "World Satellite Business Week" held in Paris from September 12th to 15th. Executive Summary FSS Sector Facing Headwinds The realities of massive satellite capacity growth and declining price has sunk in. It's becoming broadly accepted that satellite video distribution is at best stable,…
Should High-Throughput Satellites Really Last 15 Years?
By Armand Musey | September 2, 2016
See my article in the August 29th issue of SpaceNews: http://www.spacenewsmag.com/commentary/should-high-throughput-satellites-really-last-15-years/ Should high-throughput satellites really last 15 years? J. Armand Musey August 29, 2016, Commentary The fixed satellite services industry has been an anomaly in the communications sector, with stable, even increasing, pricing while prices for other forms of bandwidth fell dramatically. Stability allowed satellite…
Notes from STS Global's 2016 HTS Tech Day
Attached are my notes from the 2016 STS Global's HTS Tech Day held on August 16, 2016 in Stony Brook, NY. STS-Global-Tech-Day-Notes . STS placed many of the speaker's presentations to their website's blog: http://www.stsglobal.com/blog/ (last visited August 17, 2016). After leaving the helm of Globecomm Systems in late 2014, CEO Dave Hershberg and some of his former Globecomm…
Midyear TMT Regulatory Review from Morgan Lewis's Andy Lipman
By Armand Musey | August 5, 2016
Morgan Lewis TMT partner, Andy Lipman held his midyear TMT regulatory outlook overview yesterday. As usual, he did a great job of outlining today's complex regulatory landscape. Andy graciously allowed me to distribute his presentation: TMT Midyear Review August 2016
Open Set Top Box: A Slippery Slope to À La Carte and Weakening Power of MVPDs
The FCC's February 18, 2016 NPRM seeking to open set-top boxes (AKA "Unlock the Box") is more than it seems. The proposal would allow consumers to watch content they are entitled to view on their cable system on other devices as well. The cable industry's strong resistance is filled with arguments about copyright infringement and…
The Satellite Story Today – Not a Replay of the Fiber Story of 2000 – It's Worse!
Initially, the parallels between the fiber buildout around the turn of the twenty first century and the satellite industry today are compelling. In the late 1990s, the telecom industry increasingly poured billions of dollars into fiber. As these investments peaked, new technologies emerged to increase fiber optic capacity, including wavelength division multiplexing. This resulted in…
Five Reasons Distribution May be King of the HTS World
By Armand Musey | November 6, 2015
Satellite distributors (including resellers/systems integrators) have long been considered the black sheep of the satellite industry. Low margins, slow growth, low barriers to entry and dependence on large FSS operators have all kept returns down. But this may be changing. High throughput satellites (HTS) are poised to increase satellite capacity roughly 250-500% over the next several…
Intelsat – With Pressure on Video, the Worst is Yet to Come
Intelsat S.A (I), is trading at 3.9x earnings, and is about to launch it next generation high throughput EPIC satellites which will dramatically increase capacity. It now trades at all time lows, down over 60% from its 2013 IPO. At first glance, Intelsat might seem like a buying opportunity. But greater downside, potentially even restructuring,…
Industry Data Shows FCC Overstated Mobile Traffic . . . and Spectrum Demand
While an industry White Paper on spectrum demand is being offered to support the accuracy of FCC's spectrum demand projections used in its National Broadband Plan, the data actually shows just the opposite.[i] It is difficult to ascertain the exact numbers in the graphs in the paper. However, comparing the actual numbers in the FCC projections…
2014 CTIA Wireless Industry Survey Suggest Maturing Industry
The CTIA recently released its annual wireless survey including 2014 results. This year's survey is full of data suggesting a rapid maturation of the US wireless industry. Seven key data points: Annual Data growth slowed to 26%, growing from 3.23 trillion MB in 2013 to 4.06 trillion MB in 2014. This is the slowest data…
Downstream Implications of AWS-3 Auction
By Armand Musey | December 24, 2014
While there has been extensive discussion about the AWS-3 auctions, there has been less discussion about the long-term industry impacts of the auctions: 1) Upcoming 600 MHz Auction Prices – Higher transaction prices from the AWS-3 auction could imply higher prices for the 600 MHz auction. However: With the telecom industry spending ~$45B on the…
New Draft Paper on Spectrum Demand Forecast Error
Aalok Mehta (PhD candidate at USC ) and I just finished a draft of a paper we are scheduled to present at the Telecom Policy Research Conference (TPRC) next month. The paper, "Overestimating Wireless Demand: Policy and Investment Implications of Upward Bias in Mobile Data Forecasts," is about forecast error in demand estimates for spectrum.…
U-verse is the Regulatory Key to the Proposed AT&T/DIRECTV Merger
AT&T 's proposed $48 billion acquisition of DIRECTV is based on two simple business facts – 1) AT&T has broadband but needs a stronger video product to compete with cable; and 2) DIRERCTV needs a voice and broadband product to compete with cable. By combining services the can save money on customer service, back office…
FCC Auctions May Disappoint – Supply of Money Less than Supply of Spectrum
There's a legitimate question as to whether the wireless industry has enough money to pay historical prices for spectrum the FCC intends to auction over the next 18 months. The FCC intends to auction approximately 150 MHz of spectrum between the AWS-3 and the Broadcast Incentive auction (assuming 65 MHz at AWS-3 and 85 MHz…
It's no secret that Sprint (S) and T-Mobile (TMUS) have been exploring a potential merger and that there are significant concerns over whether such a merger would be approved. Sprint and T-Mobile argue that the US wireless market is a near-duopoly dominated by ATT (T) and Verizon (VZ) with a combined market share of approximately…
Intelsat's Yearend Results Highlight Dependence on Next Generation Epic Satellites
By Armand Musey | February 24, 2014
DISCLAIMER: The analysis below is for information purposes only. We believe, but cannot guarantee that the information contained in it is accurate. Moreover, it should not be considered a recommendation to buy or sell any security of any kind. Please consult a qualified advisor before making significant investment or business decisions. See our Terms of…
Five Reasons the Comcast/Time Warner Cable Anti Trust Concerns are Overbown
There has been a lot of market speculation that the Comcast's proposed acquisition of Time Warner Cable might be blocked on anti-trust concerns. We believe these concerns are overblown. 1) The Cable Operations Don't Compete in the Same Markets, so Industry Concentration Doesn't Change. The combined company would serve over 30 million homes, which initially…
Wireless Demand Projections – Elasticity of the Top-1% Percent Users
Wireless network traffic growth projections have been significantly cut since the FCC's 2010 National Broadband Plan. The National Broadband Plan projected wireless network demand in 2010 to be 468 billion MB, vs the 398 billion MB actually carried in 2010 according to the CTIA. In 2011, the spread got wider, 1090 billion MB projected vs…
"The Spectrum Handbook" 2013 Released
Summit Ridge Group,LLC is please to announce the publication of The Spectrum Handbook 2013. This 182 page book is available in hardcopy and e-book version through major on-line resellers. Executive Summary This Handbook has three objectives: 1) to serve as a primer for explaining the complex issues around the use of electromagnetic spectrum; 2) to…
New White Paper: Right-sizing Spectrum Auction Licenses: The Case for Smaller Geographic License Areas in the TV Broadcast Incentive Auction
Summit Ridge Group, LCC just completed a white paper covering a significant issue related to the upcoming FCC Broadcast Incentive Auction. The paper, Right-sizing Spectrum Auction Licenses: The Case for Smaller Geographic License Areas in the TV Broadcast Incentive Auction was sponsored by the Competitive Carriers Association. The Executive Summary is below. Executive Summary The wireless…
Is "Terrestrial Bias" a Political Problem for the Satellite Industry?
Is "Terrestrial Bias" a Political Problem for the Satellite Industry? I recently caught-up with a European wireless executive and we compared notes on the communications industry. While discussing different technologies, I mentioned the progress satellite broadband was making in various countries. He responded with an interesting insight. Simply put, local politicians are eager to support…
Takeaways from CCA Convention in Las Vegas
The Competitive Carriers Association held their annual convention earlier this week in Las Vegas. A few takeaways: 1) Concern over LTE upgrade cycle. Small to mid-sized carriers appear anxious about the costs and benefits of LTE. They seem to realize they will need to do it eventually in order to remain competitive. But they are…
Summit Ridge Group, LLC is pleased to announce the release of its publication, The Spectrum Handbook 2013. The 182-page publication provides an overview of spectrum-related issues globally from technical, regulatory and business perspectives while acknowledging the many public policy issues. The Handbook is intended to be a useful resource for new attorneys, bankers and government staffers…
More Evidence on Widespread Telecom Pricing Pressure
Last week I attended the 16th Annual Oppenheimer Technology, Internet and Communications Conference in Boston. Over 100 companies also attended, with 5 to 7 presenting simultaneously in different rooms, so unfortunately I could not attend all of them and concentrated my time on the communications presentations including: American Tower [AMT], AT&T [T], Ceragon Networks [CRNT],…
Why the Wireless Tower Operators Haven't Participated in the 2013 Market Rally
Why the Wireless Tower Operators Haven't Participated in the 2013 Market Rally The S&P and the NASDAQ are up approximately 20% year to date. Yet the three largest tower operators (American Tower [AMT], Crown Castle [CCI] and SBA Communications [SBAC]) have not participated in this rally (YTD returns between 1% and -11%) despite the rapid…
Wall Street Finally Starting to UnderstandHigh Throughput Satellites
A recent Morgan Stanley research report suggest they are cooling on their view of SES, in part, due to the expanded capacity upcoming High Throughput Satellites (HTS) may bring the industry. Each of these satellites has 40x to 100x the capacity of a traditional single-beam satellite. The Morgan Stanley report estimates that industry capacity may increase…
Is there an Attractive Business Model for Shared Spectrum?
The telecom industry has seen a tremendous increase in interest in unlicensed shared spectrum over the past year or so. Wi-Fi has been an amazing success, now carrying nearly 50% of wireless traffic. Moreover, the U.S. government has over 400 MHz of additional spectrum in the NPRM stage that it is planning to make available…
Conference Summary – More Weak Arguments from Big Companies
I attended the Optimal Coevolution of Mobile Broadband Technology and Spectrum Policy workshop in Washington D.C. on Friday. A number of leading spectrum policy and technology figures were present. Key takeaways: 1) Blair Levin (Aspen Institute Fellow and an author of the National Broadband Report) indicated that earlier drafts of the National Broadband Plan included a…
Wireless Industry Lobbying Mutes Alternative Views
The wireless industry invests roughly $30 billions of dollars annually in capital expenditures building out their networks and acquiring spectrum. The major carriers average $5 billion to $10 billion in capital expenditures each. Given that the industry is heavily regulated, it would be irresponsible for them to not protect their investment with appropriate political lobbying…
Putting the State of the U.S. Wireless Industry in Perspective
By Armand Musey | May 13, 2013
I've neglected this blog for a while as I am working on my forthcoming "Spectrum Handbook 2013" which I expect to release in a few weeks. Please contact me if you'd like a copy. But I did have a chance to attend the Winnik International Telecoms and Internet Forum in Washington, D.C. on Thursday and…
Quick Analysis of Intelsat's Q1 Financial Results
I've neglected the blog for a while as I am working on my forthcoming "Spectrum Handbook 2013." I expect to release it in a few weeks. Please contact me if you'd like a copy. But I did have a chance to review Intelsat's Q1 results. Results were somewhat better than I expected – modest growth,…
Unbelievable Lack of Consensus on Spectrum Supply & Demand
I've recently spoken at several wireless industry conferences where I've had a chance to informally discuss various topics with a number of well-regarded U.S. industry experts. In the course of these conversations, the discussion often turned to the issue of supply and demand for wireless spectrum. While it's normal for opinions about the future to…
The Intelsat IPO – A Setup for Dilution?
Intelsat's Financials Explained in Three Easy Tables
Does Intelsat's Recent Management Shake-up Indicate Lack of Confidence in the IPO?
Intelsat's recent management shake-up may suggest management has given-up on the IPO. If not, the company sent negative signals to investors that may setback the IPO prospects even further. Intelsat management shake-up included several senior-level promotions and the departure from daily operations of their highly credible General Counsel, Phil Spector. Mr. Spector also ran the…
Could Incumbents Wireless Cos Dominate Unlicensed Spectrum?
Significant amounts of government spectrum are headed towards being made available for shared unlicensed use. However, industry commentators have barely analyzed the potential impact on the industry structure from the availability of this new spectrum. The common initial reaction, and one suggested in the PCAST Report is that new entrepreneurial unlicensed providers will emerge to…
Why the Intelsat 27 Failure May Be Good News for Intelsat
By Armand Musey | February 5, 2013
The launch failure of Intelsat 27 ("IS 27") as it tries to show growth before a planned IPO was widely viewed as terrible news for Intelsat. However, it may be the opposite. Of course Intelsat will lose some expected revenue. But the launch failure also gives Intelsat insurance money that may be more valuable than…
Super Wi-Fi Presentation – January 2013
I participated in a panel at the Super Wi-Fi Summit in Miami on January 31st titled, "The Financial Community and Shared Spectrum: Looking for Common Ground." Other panelists included: Bill Evenson of CIT; Chuck Walters of Walters Associates; and Thomas Carroccio of the Law Offices of A. Thomas Carroccio PLLC (Moderator). My slides from this investment panel…
Unlicensed Spectrum and the Challenge of Finding Investment Capital
White spaces use is becoming increasingly visible way to use spectrum more efficiently and jumpstart the use of new services. However, the industry will need significant investment in order to build a substantial industry. Traditional telecom service providers have FCC spectrum licenses that can serve as collateral for investors. White space service providers don't have…
The Shifting Balance Between Infrastructure vs. Service Providers Now Favoring Infrastructure
In the wireless industry hardware providers seem to be gaining the upper hand over the wireless service providers. Examining the wireless value chain, its clear that hardware and spectrum are the only areas with increased demand. The wireless service infrastructure consists of 1) spectrum; 2) network hardware; 3) network integration and management; 4) marketing, billing…
Technology Won't Decide the Ka-band vs. Ku-band HTS Battle
By Armand Musey | January 6, 2013
Technology Won't Decide the Ka-band vs. Ku-band Battle for HTS Satellites The current debate about the advantages of Ka-band vs. Ku-band for next generation High Throughput Satellites (HTS) misses the point. Endless pages have been written about Ka-band advantages of higher theoretical throughput vs. Ku-bands superiority in sub-optimal weather vs. the costs of end user…
ITAR Restrictions on US Satellite Exports to be Loosened
Under the 2013 Defense Authorization bill approved by both houses and awaiting President Obama's expected signature, the highly controversial restrictions on US satellite exports under the International Traffic and Arms Regulation (known as ITAR) are set to be loosened. Specifically, the bill allows the president to remove commercial satellites and satellite components from the U.S. munitions…
Takeaways from Reverse Incentive Auction Webinar
Takeaways from Reverse Incentive Auction Webinar The reverse incentive auction webinar took place at Pillsbury Winthrup's Washington DC offices yesterday December 19th. A replay is available at http://www.tmcnet.com/webinar/crossfire/incentive-auctions.htm (note: paid registration required, CLE credits may be available). In addition to the opening remarks, there were three panels – Legal, Valuation and Policy. The key takeaways…
Discount Code for Reverse Incentive Auction Webinar
A previous post (see: http://wp.me/p2Jv6Q-o4) describes an upcoming 3-hour webinar on the reverse incentive auction. If you enter the code: AMWEB, you will get a 36% discount on the $150 price, bringing it to $95. The webinar is about the FCC TV Incentive Auction (Spectrum Act 2012). We have Coleman Bazelon, The Brattle Group; Barlow Keener, Keener Law; Mark Fratrik,…
Reverse Incentive Auction Webinar – December 19th
I'll be moderating a valuation panel discussion as part of a three hour webinar on the FCC's Reverse Incentive Auction process. Here is a link to the site describing the event: http://www.tmcnet.com/webinar/crossfire/incentive-auctions.htm : Incentive Auctions: What Broadcasters Need to Know A 3 Hr. a Video Virtual Event (Webinar). December 19th starting at 8:45 AM EST The discussion…
A Layman's Guide to the Possible Intelsat IPO
Given all of the industry questions about a possible Intelsat IPO, I decided to spend some time an analyze the situation. This resulted in a 26 page analysis (e-mail me at amusey@SummitRidgeGroup.com) for a copy. Here is the executive summary: Executive Summary In light of its May 18th $1.75 billion IPO filing, satellite industry observers…
Implications of Expected FCC Limits on DISH's AWS-4 Spectrum
BACKGROUND The FCC recently indicated it was leaning towards limiting DISH's use of its 40 Mhz of AWS-4 spectrum it acquired from Terrestar and DBSD North America to prevent interference with the H-block which runs from 1915 MHz to 1920 Mhz and 1995 MHz to 2000 MHz. DISH's spectrum currently runs between 2000 Mhz and…
Spectrum Property and Spectrum Valuation Presentations
We've just added two presentation to our website that might be of interest: 1) An Introductory Framework for Wireless Spectrum Valuation 2) Broadcasting Licenses: Ownership Rights and the Spectrum Rationalization Challenge: Why the Government is Buying Back its Own Spectrum. The first presentation is what the title implies — It outlines a basic framework for analyzing…
Wireless Consolidation's Impact on the Incentive Auctions
Since the discussion of the television broadcast incentive auctions began a few years ago, the US wireless industry has significantly consolidated. In the past 12 months the following major transactions have reshaped the industry: Verizon's buys Spectrum Co, signaling the probably end of the cable industry's interest in entering the industry; T-mobile buys MetroPCS and…
Incentive Auction NPRM & Plight of Low Powered TV Stations
While there has been a lot of discussion about the FCC's October 2nd Notice of Proposed Rulemaking (NPRM) for the incentive auctions, the plight of low powered television stations has been somewhat neglected. These stations hold secondary licenses and are allowed to operate on their frequency allocation subject to them not interfering with the primary…
Foreign Wireless Companies Buying their US Counterparts….
The past few weeks we have seen two major wireless transactions announced. First Deutsche Telecom backed T-mobile announced an acquisition MetroPCS and late last week the Japan's Softbank announced it was paying $20 billion for a 70% interest in Sprint. Why does foreign firms find US wireless companies so attractive? On first blush, it does…
Super WiFi Summit Takeaways
I just returned from the "Super WiFi Summit" in Austin, TX (Oct 3-5). The range of speakers – from major companies including Microsoft and Texas Instrument to start-up entrepreneurs and various policy experts (including Blaire Levin and Michael Calabrese as well as some international policymakers) indicated a robust WiFi industry. A general theme was ne of disappointment in the…
Second Paper on TV Broadcasters' Property Rights in their FCC License Published
My second paper on television broadcasters' potential property rights in their spectrum was recently published in the Columbia Science and Technology Law Review. This paper is a detailed legal analysis of the subject. My prior paper on the subject, was a policy-oriented paper about potential equitable solutions to the dilemma of reallocating television spectrum. Broadcasting Licenses:…
Introductory Presentation on Summit Ridge Group, LLC
Summit Ridge Group, LLC's new introductory presentation regarding the valuation and strategic advisory services we offer. Summit Ridge Group, LLC from Summit Ridge Group, LLC Feedback and questions are always welcome.
Telecom Exchange 2012
I spent an interesting day at Telecom Exchange 2012 on Wednesday June 27th at the fabled Cipriani on Wall Street. While there were also plenty of major company announcements, I'll leave commenting on those to the many qualified industry observers and instead focus on macro connections between industry segments. The conference was a step away…
Television Broadcast Spectrum Reclamation Through Eminent Domain Paper Published
By Armand Musey | June 6, 2012
My paper "How the Traditional Property Rights Model Informs the Television Broadcasting Spectrum Rationalization Challenge" has been published in the Hastings Communications and Entertainment Law Journal – 34 Hastings Comm. & Ent. L.J. 145 (2012). While some of the issues have been overshadowed by recent incentive auction legislation, the conceptual framework is likely to be…


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Argus Hamilton Comments on the News: Rodeo Clowns & Much More!
By Argus Hamilton, August 15, 2013 December 21, 2018
Rodeo clowns and "sensitivity training": Talk about your joke setups!
Missouri's State Fair banned a rodeo clown for life who wore a Barack Obama mask while a bull chased him around the arena. It's a popular disguise. Robbers often walk into bank lobbies wearing a Barack Obama mask, only they give the teller a trillion dollars.
The Missouri State Fair ordered all rodeo clowns into sensitivity training to prevent a repeat of Saturday's ridicule of Obama. It gets even worse. In addition, it seems the bull once texted photos of his horns to a cow, and now he might have to resign from rodeo.
Jack Kennedy's presidency will be recalled on the fiftieth anniversary of his death in November. We all loved him. However, his Addison's Disease required steroids, so his record for most number of White House affairs will always be accompanied by an asterisk.
New York Yankees star Alex Rodriguez returned from injury and hit a big home run Friday. Willie Nelson played the Hollywood Bowl Saturday and Breaking Bad opened Sunday. For drug dealers it was the biggest weekend of free advertising since Woodstock.
Breaking Bad's last season began Sunday about chemistry teacher Walter White who manufactures pure crystal meth. It's too popular. You must now produce a photo ID to buy nail polish or Sudafed at drug stores, which meth users complain is voter suppression.
San Diego Mayor Bob Filner quit sex rehab after four days Friday while a fourteenth woman came forward to accuse him of groping her. His prospects for recovery aren't good. Last week his doctor told him to stop drinking, and then he told him to stop laughing.
Manhattan's Stop and Frisk law was ruled unconstitutional by a Manhattan federal judge. The judge cited stats proving that New York cops were mostly patting down blacks and Hispanics. The low crime rate allowed New Yorkers to judge Paula Deen with a clear head.
Paula Deen won a discrimination suit Monday but it should have been a mass murder charge. She coats beef in a two-thousand-calorie crust and fries it in hog grease. Whitey Bulger got Paula Deen's recipe for chicken fried steak and he never had to use a gun again.
Boston mob legend Whitey Bulger was convicted in federal court on multiple counts of murder, conspiracy and racketeering. His conviction was noted throughout the nation. People in Florida are shocked that any man named Whitey could be found guilty of murder.
Michael Jackson was reported by forensic accountants at the L.A. civil trial to have been five hundred million in debt when he died. Now that he's dead he's worth billions in memorabilia sales and tribute concerts. It's why Paul McCartney won't drink anything his kids offer him.
Oprah Winfrey said she was insulted by a Swiss sales clerk who told her she couldn't afford a forty thousand dollar purse, before Oprah indignantly pulled out her wallet and bought it. What a moment. Any car dealer will tell you that's exactly how you sell a Bentley.
Attorney General Eric Holder ended mandatory jail time for drug convicts Monday. He thinks rehab for addicts can pre-empt the shootouts, the street corner hooking and jail time. He doesn't buy the idea that AA speeches need to be entertaining as well as spiritual.
Mexico's President Enrique Pena Nieto proposed a plan to allow foreign oil companies to take part in Mexico's state-run oil company. They want us down there to increase overall business. Mexican kidnappers are working with flash cards so they can instantly tell the difference between an oil worker and an oil executive, so we don't waste each other's time.
Argus Hamilton is the man Robin Williams once called "the Will Rogers of the Baby Boom." Argus' daily column of jokes on the news, now carried in over 100 newspapers across the United States, including the Humor Times, is also read and heard by millions on the Internet and on radio stations across the country.
Latest posts by Argus Hamilton (see all)
Argus Hamilton on the News: Medicare, Duck Dynasty & Much More! - January 18, 2014
Argus Hamilton on the News: Duck Dynasty & Much More! - December 21, 2013
Argus Hamilton on the News: Elton John, Mayor Rob Ford, the NSA & more! - December 11, 2013
Categories Argus Hamilton's Column, Humor Columns Tags funny, humor, news, Obama, Oprah, politics, satire Leave a comment Post navigation
Corporate Greed Is Making Us Sick
Movie Review: "The Butler"

redpajama_set_name: RedPajamaCommonCrawl


The Wildlife & Nature Protection Society's monthly lecture on 15 November at the Jasmine Hall BMICH at 6.00 p.m. will focus on fighting wildlife crimes with forensics with expert Ravi Perera as the guest speaker.
The WNPS Public Lecture is open to all members and non-members. Free entrance.
WNPS said approximately every nine hours a rhino is killed in this world, and every 15 minutes an elephant is poached. Thousands of snare traps are used by poachers in Africa for game meat, and many a big cat and elephant also fall prey to these devices that cause an agonising death. While anti-poaching units have increased and poachers have been apprehended, very often convicting them of the crime is impossible without physical evidence. These poachers get away, only to return to the jungle and start poaching again.
Introducing forensic training to rangers and anti-poaching personnel to document the wildlife crime scene, preserve and collect evidence, and using the evidence to substantiate the crime, is becoming successful.
Ravi Perera has been a Crime Scene Investigator for law enforcement in the United States for 24 years.Having graduated from the FBI Forensic Academy in Quantico, Virginia, he is a crime scene instructor specialising in shooting reconstruction and surveillance photography.Ravi is also certified in electronic forensics, where analysis of cell phones and computers produce significant evidence of criminal activity.
Ravi is the CEO of Serendipity Wildlife Foundation, and has trained anti-poaching units in Kenya, and also introduced gunshot residue testing, which helps to identify the shooter when many people are present at a crime scene.Last year a project was started by him to detect fingerprints from elephant tusks and rhino horn, which would help identify individuals involved not only in poaching, but in trafficking as well. The second phase of the project is to start a fingerprint database dedicated only to wildlife crimes.


We've now reached what previously were the finals for The Voice, but is now being billed as the semifinals: the Top 4. For the first time in the show's history, only two coaches – Blake Shelton and Cee Lo Green – have artists in the mix. Team Blake's Cassadee Pope and Terry McDermott, and Team Cee Lo's Nicholas David and Trevin Hunte, are singing to find out which two of them will go head-to-head next week for the title of The Voice of Season 3.
Nicholas's song is "You Are So Beautiful" which he dedicates to his family. If you were moved by his past rendition of "Over the Rainbow," this is even better – and a little bit surprising given that it's his first performance on the show without his trademark sunglasses.
With that, the focus shifts to Team Blake, and to front-runner Cassadee Pope. She heads back to her native Florida, where there's a surprise party waiting at her mom's house. After that, she is greeted by a crowd of supporters at a local radio station before she gets a key to the city of West Palm Beach and delivers a live performance for plenty of adoring fans.
Christina comments that "sometimes your voice sounds so right on that you almost sound Auto-Tuned." Carson moves directly from her to Blake, who explains that the reason Cassadee has done country songs on the show is because of her ability to connect with a lyric, which lends itself toward certain country tunes.
Terry's song choice is another classic rock tune by the most iconic of bands: The Beatles' "Let It Be". Carson prefaces this by calling it one of the most loved songs of all time. But if he's intimidated, the Scotsman doesn't show it. With a minimal set design that rightly places the focus on the music and some support from yet another choir, he goes out there and sings his heart out. It's a simple, heartfelt song and he doesn't overdo it. He's even got Adam singing along with him.
Carson calls the rendition "awesome" before throwing the discussion to Adam, who says "Thank God for you, Terry. You're so wonderful." There's no time for Christina or Cee Lo, so it's right to Blake, who says that Terry is one of only a handful of singers who should ever attempt that song. "In my heart, I believe that was musical perfection," he adds. You can't get a stronger endorsement than that.
Other than the four performances by the finalists, the rest of the shortened show is filled by guest appearances by Team Blake mentor Michael Buble (whose Christmas special airs later Monday night), Howie Mandel (promoting his new NBC game show Take It All, which broadcasts between The Voice and the Buble special), and the entirety of Team Blake Season 3.. If you didn't know already, they sung on the version of "White Christmas" which appeared on Blake's Christmas album. There's also a commercial for Christina Aguilera's new fragrance.
I had a feeling that Trevin wouldn't make it to the top three and it has nothing to do with the iTunes chart that everyone was talking about. Over the last few weeks he's been singing very low key, sad songs and maybe the audience started feeling fatigued. You just never know with The Voice so I've always got my DISH Hopper ready to record the show and with the PrimeTime Anytime feature it records the big four networks automatically. I don't have to worry that I'll miss one single note of the performances. My DISH co-worker was sure that Nicholas would go home this week, citing that his vocals aren't mainstream enough to sell records. I can't say that I agree and I think that he deserves to be in the top three.


I just have a short post for you today.
God is looking for worshipers who will worship in spirit and in truth (John 4:25). Imagine the kind of life you would live if you truly worshiped God whole-heartedly (and with your whole life), passionately engaged in the truth and grace of God, pursuing the enjoyment of his glory! Imagine the joy you would have in God.
I can scarcely imagine what my life would look like if I truly lived my faith. If I truly pursued the knowledge of God. If my heart were always engaged.


Hamilton, Bermuda – April 24, 2012 - XL Group plc's (NYSE: XL) ("XL") reinsurance operations today announced the appointment of Alexander Hanks to Chief Actuary of XL's Latin America reinsurance operations, pending approval by FINMA, the Swiss Financial Market Supervisory Authority.
Mr. Hanks, who is based in Bogota, Colombia, will report to XL Re Latin America Ltd President and Chief Operating Officer Philippe Rochaix and XL's Chief Actuary for Reinsurance global operations Jean-Marc Wassen. Mr. Hanks will be responsible for managing XL's Latin America reinsurance actuarial team and reinforcing the integration of actuarial work within underwriting in local markets to reinforce XL's tailor-made underwriting approach.
Prior to his new appointment, Mr. Hanks was Pricing Actuary for XL's Bogota reinsurance operations. During his career with XL, he has held a variety of modelling and actuarial roles within XL's holding company and reinsurance operations.
Commenting on Mr. Hanks' promotion, Mr. Rochaix said: "Since joining XL in 2005, Alex has consistently contributed to developing more robust internal modelling and pricing tools to help us better serve our clients. I look forward to working more closely with him as XL focuses on strengthening its position as a key reinsurer in the region."


When Apple launched the Watch Series 4 back in September, it said the smartwatch would be able to take an ECG (electrocardiogram, also known as an EKG), and would be one of the very first consumer devices to do so.
Today, December 6, Apple has finally released the ECG function along with a Watch application to use it. All you have to do is install the latest software update, which is available in the US now.
Apple Watch 4 vs Samsung Galaxy Watch: Which should you buy?
The announcement was tipped off by The Verge, who appeared to have published an embargoed post prematurely, before deleting the article. Apple tends to release software updates from 10am PST, six hours after the post went live.
This app is exclusive to the Series 4, but the software update also brings a new function to all previous models of Watch, apart from the original, known as the Series 0. This new function notifies the wearer if the watch detects an abnormal heart rate, which could be a symptom of atrial fibrillation and other heart issues.
On opening the ECG app, you are asked to rest your index finger on the Digital Crown and keep it there for about 30 seconds while the Watch gets to work. It performs the equivalent of a single-lead ECG and save the data it gathers to your Health app on your iPhone. The data can be saved as a PDF and sent to your doctor.
The irregular heart rate function is passive, and works by taking a measurement every couple of hours. If the Watch spots five consecutive irregular heart rates (either high or low), it will notify you and suggest you speak to your doctor.
Apple has gained clearance from the Food and Drug Administration to switch these features on in the US, but is yet to gain clearance in other countries where the Watch is sold. So for now, only US-based Watch users can access the features.
It is also important to note that Apple has gained 'clearance' from the FDA, not 'approval' and it must be stressed that the Watch functions are not to be used instead of a visit to the doctor.
In a September letter sent to Apple confirming the ECG app's clearance, the FDA said the app is "intended for informational use only. The user is not intended to interpret or take clinical action based on the device output without consultation of a qualified healthcare professional...[the ECG app is] not intended to replace traditional methods of diagnosis or treatment. The ECG app is not intended for use by people under 22 years old."
"Apple Watch has helped so many people around the world and we are humbled that it has become such an important part of our customers' lives," said Jeff Williams, Apple's chief operating officer. "With the release of these heart features, Apple Watch takes the next step in empowering people with more information about their health."
Apple wants to make sure its customers fully understand the limitations of these new applications before they are switched on for the first time. The Health app for iOS walks Watch owners through several pages of information to make sure they understand what the Watch can and cannot do.
For example, Apple explains how the Watch cannot detect heart attacks, and that if you are feeling unwell you should still see your doctor; in other words, the Watch should not be relied upon to give you the all-clear, or notify you when there if something wrong. Apple also states how the Watch cannot detect other heart conditions, like high blood pressure, congestive heart failure, and high cholesterol.
Despite all these limitations, this software update marks an import move forward for Apple and the Watch, as it transitions from a piece of fashion, to a fitness tracker, and now towards a health device.


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Q: sockpuppet jiu-jitsu: a possible technique for denying a user reputation for upvotes Irregular voting + 200 rep/day limit + vote reversal = technique for denying a user reputation for upvotes
This can't really be considered a bug, but it probably shouldn't be a feature either.
After having a couple hundred points of reputation disappear from my SO account one day and after reading the posts on SO's handling of irregular voting patterns, it occurred to me that it is possible to turn the anti-vote-fraud protections into a way to keep users from gaining reputation from upvotes over time.
The basic scenario goes like this:

*

*an offending user uses 20 votes in rapid succession to max out another users daily rep.

*no other points for upvotes will be applied to the target users rep. until the cap expires.

*system detects this as an irregular voting pattern and rolls back the offending user's votes

*system never applies reputation for upvotes from other users that were received after the rep. cap was hit (I'm assuming this is the case, but I can't verify it)

*repeat every 24 hours, ideally right after the vote rollback occurs

If this scenario is correct, then the target user will only be able to accrue rep through accepting answers and having answers accepted.
It seems to me that the system could negate the effect of this by applying reputation for upvotes (up to the daily rep cap) that were not applied due to the irregular votes having maxed out the target users rep. (after rolling back the irregular votes).

A: I suppose that the attacked user could always ask for an individual recalc of his/her reputation. This should recover the upvotes that were applied after the attack.

redpajama_set_name: RedPajamaStackExchange


text:
Q: xcopy gives file not found error I am trying to copy a file from local machine to a remote machine and using xcopy for this in a batch file. However it is giving me error for file not found.
As per my research, syntax is fine and this is how it should be, but I'm unable to see why is it giving error.
Psexec @IPlist.txt -u ad -p P@$$ cmd /c xcopy "D:\IS\d.exe" /I "\\10.10.30.116\D$\"

Error
    File not found - d.exe
    cmd exited on 10.10.30.116 with error code 4.

A: Actually PSEXEC is not remote copying entity rather it is to execute the files.
Following code worked for me. for detailed discussion on its working please follow the link below.
net use Q: \\remoteserver\D$ /user:ad P@$$

copy D:\Idols\d.exe Q:\

https://forum.sysinternals.com/psexec-copy-file-to-d_topic15137.html


From Janna Brown Design Co.: "Dining with one's friends and beloved family is certainly one of life's primal and most innocent delights, one that is both soul-satisfying and eternal." Sleepy Fox Photography captured this stunning feast that I prepared for and enjoyed with my family. We frolicked in the tall Autumn grass and ate a gorgeous meal, with many stunning details."
As the sun sets on Serenbe Farms.
and fill your cup with cider and mirth.


Find your new home today. We are a local family owed business with a mission to pursue real estate investment, development and management opportunities responsibly and with integrity for the benefit of our investors, partners, tenants, employees, company, and the community.
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Are you looking for the best investment properties to add to your investment portfolio? Using our powerful marketing systems, you'll have the assurance that you are getting the best deals available.
Contact Us and Sell Your Home!
We are located in Jefferson City, Missouri. Our professional real estate team makes sure you get the highest level of help with your property quests.


These Build a Road Wall Decals are Roommates Peel and Stick Road Wall Stickers . Free courier delivery in South Africa over R500 plus free wall decals too.
These Build a Road Wall Decals are printed onto white material mostly in black roads with grey pavements/curbs and yellow overtaking lines in the middle of the roads wall stickers. It also features reds, white, black and oranges in the free street sign decals.
If positioned like our main photo, these Roommates Build a Road Wall Decals measure approx. 80cm x 1.06m (h).
– Material: These Build a Road Decals are printed on opaque material for optimum color brightness. Suitable for any wall colour.
– Other: Suitable for any wall colour, Official Roommates Product, Made in the USA.
– 5 Straight Roads (one with Road Closed Barrier, range from 18cm – 37.5cm), one T-junction, one Crossroads and 10 Road Corners.
– 2 Extra Sets of Road Closed Barriers.
– FREE: 5 Road Signs with Grey Poles – 2 Stop Signs, Yellow Railroad Ahead Sign, Curve Ahead and Yield Sign (all shown on main photo).
– You always receive: Roommates step-by-step product specific peel and stick wall decal instructions.
Beep beep, coming through! Build an interactive road right on your wall with this fun set of removable and repositionable road wall decals. You can construct the road as you wish with all the flexible road sections and corners – and the best thing is that your road can change it up as much as you like because the RoomMates Peel and Stick stickers are repositionable! Application is also so easy: just remove each element from the liner, apply it to the wall and move it around as your please. Construct one large superhighway in the middle of the wall or stretch your design out to span multiple walls. Use these road stickers on walls, cupboards, windows and even furniture – we have seen a road play table been made with them .A perfect match to our Transportation and car wall decals or as a compliment to a vehicle-themed nursery or bedroom. Plus, get 5 road signs for free!
Difficulty Level: 1/10. Very detailed instructions included, all Roommates stickers are designed for first timers – so don't worry.


Event Dates: Location: Where you can catch the best fish!
Registration due: Regular registration $25 through March 24 or register late $40 March 25 through March 30. You must be registered on 4-H Connect before the event you will be fishing. The registration fee covers all 3 events.


text:
About Supreme Court
The Disciplinary Court
About court cases
About the Council for the Judiciary
Court proceedings in the Senate
Procedure of distribution of cases
Working hours and reception hours
Bank accounts for payments
Procedure for releasing information
Procedure of accepting applications from individuals
Judicature
Archive of case-law decisions
Sessions of Chairs of departments
Decisions of the general meetings of judges
Compilations of Court Decisions
Historical Judicature (until 1940)
Incorporation into the USSR 1940-1990
Supreme Court of the Republic of Latvia
Palace of Justice
Supreme Court Museum
Senate of Latvia - 100
Archive 2014 - 2016
Start News About events
The print version
THE CHIEF JUSTICE OF THE SUPREME COURT PARTICIPATES IN THE OPENING OF JUDICIAL YEAR
Friday, January 27, the Chief Justice of the Supreme Court Ivars Bickovics went to Strasbourg to participate in the traditional opening of the Judicial Year of the European Court of Human Rights and in the seminar "Non-refoulement as a principle of international law and the role of the judiciary in its implementation."
During the seminar judges of supranational and national courts and international experts shared their experience and discussed the migration policy of the European Union, rights and obligations, as well as procedural law and role of judiciary in the sphere of migration.
International seminar was opened by the President of the European Court of Human Rights, Judge Guido Raimondi, with participation of the President of International Criminal Court Silvia Alejandra Fernández de Gurmendi.
Speech by Guido Raimondi, the President of ECHR, during the opening ceremony of the Judicial Year
Information prepared by
Rasma Zvejniece, the Head of the Division of Communication of the Supreme Court
E-mail: rasma.zvejniece@at.gov.lv, telephone: +371 67020396, +371 28652211


"Captain Midnight at Ultima Thule" in Captain Midnight Chronicles by Christopher Mills (ed.) (Moonstone Books, June 2010) -- Captain Midnight vs. Sun Koh, "the Inheritor of Atlantis"
"Fang and Sting" in The Green Hornet Chronicles by Joe Gentile and Win Scott Eckert (eds.) (Moonstone Books, forthcoming) -- The Green Hornet and Kato vs...???
Editing Moonstone's The Green Hornet Chronicles Volume 2; possibly writing a sequel to "Fang and Sting"
Gods, no wonder I'm tired.