Comments
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Update on Freedom Wireless Trial
bcgi's Auditors to Reissue Opinion with a Going Concern Modification

BEDFORD, Mass., June 20 /PRNewswire-FirstCall/ -- Boston Communications Group, Inc. , previously announced that the non-jury trial to consider the Company's unenforcability defense in the patent infringement lawsuit brought by Freedom Wireless, Inc. against the Company commenced in the U.S. District Court in Massachusetts on June 7, 2005. On June 13, 2005, the presiding judge suspended the non-jury trial and ordered mediation between the Company and the other co-defendants in the lawsuit and Freedom Wireless, Inc. In the event that the mediation is unsuccessful and the parties are unable to reach a settlement, the non-jury trial is currently scheduled to resume on July 14, 2005 and could last approximately one to two weeks after it commences.

bcgi continues to believe that it does not infringe the Freedom Wireless patents and that the patents are invalid in light of prior art. If the Court rules in favor of bcgi and its co-defendants in the non-jury trial, the patents held by Freedom Wireless would become unenforceable, a decision that Freedom Wireless, Inc. may choose to appeal. If the Court rules against bcgi and the co-defendants in the non-jury trial, the Company expects to appeal the Court's decision to the Court of Appeals for the Federal Circuit. bcgi will likely be required to provide collateral or post a bond in order to appeal the Court's decision. However, the Company also expects to file motions for judgment as a matter of law in favor of bcgi and a motion for a new trial or in the alternative, a reduction in the damages awarded by the jury.

Opinion with Going Concern Modification

In connection with the Company's registration with the Securities and Exchange Commission of 1.5 million shares of common stock pursuant to the 2005 Stock Incentive Plan approved by the shareholders at the Company's Annual Meeting on June 8, 2005, Ernst & Young LLP, bcgi's independent registered public accounting firm, will be reissuing its opinion. As a result of the current status of the Freedom Wireless lawsuit, Ernst & Young LLP will reissue its opinion on the Company's December 31, 2004 consolidated financial statements with a going concern modification.

About Boston Communications Group, Inc.

Boston Communications Group, Inc. develops products and services that enable wireless operators to fully realize the potential of their networks. bcgi's access management, billing, payment and network solutions help operators rapidly deploy and manage innovative voice and data services for subscribers. Available as licensed products and fully managed services, bcgi's solutions power carriers and enable MVNOs with market-leading implementations of prepaid wireless, postpaid billing, wireless account funding and m-commerce. bcgi was founded in 1988 and is listed on the Russell 2000 index. For more information, visit http://www.bcgi.net/.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including statements regarding the Company's expectations to appeal an adverse judgment and ask the Court to reduce the damages. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Among the important factors that would cause actual results to differ materially from those indicated by such forward-looking statements include restrictions placed upon the Company by the Court as a result of the Freedom Wireless judgment, an unfavorable final judgment in the Freedom Wireless suit, the inability of the Company to post a bond, if required, the Company seeking protection under Chapter 11 of the bankruptcy Code, the loss of a customer or certain of their markets, a change in the revenues from the Company's major customers, including Verizon Wireless, Cingular Wireless and Nextel Communications, which represented 27%, 19% and 29%, respectively, of the Company's consolidated revenues for the three months ended March 31, 2005, greater than expected pricing reductions from major carrier customers, network outages that can cause reductions in revenue due to penalty clauses contained in certain of the Company's carrier customer contracts, as well as the others factors that may affect future operating results detailed in bcgi's quarterly report on Form 10-Q for the three months ended March 31, 2005 filed with the Securities and Exchange Commission.

Boston Communications Group, Inc.

CONTACT: Media relations, Chris Harrall, 781-904-5321, charrall@bcgi.net
or Jean Borgman, 508-451-5944, r.borgmanjr@comcast.net; or Investor relations,
Joe Calabrese, 212-827-3772, investor_relations@bcgi.net

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

SOA World Latest Stories
In a surprise move on Tuesday, January 10, Oracle wheeled out its Big Data Appliance. That’s the one it said in October would be ready sometime in the first half. Only nobody believed it meant early in the first half. Heck, it’s not even clear anybody thought Oracle could make the fi...
A Munich court Thursday found Motorola Mobility guilty of infringing an Apple patent and handed Apple a permanent injunction against two Android smartphones. Apple can enforce the injunction after posting a bond lest MMI succeed in invalidating the slide-to-unlock patent (EP1964022) ...
Quick Response (QR) codes are intended to help direct users quickly and easily to information about products and services, but they are also starting to be used for social engineering exploits. This article looks at the emergence of QR scan scams and the rising concern for users today....
The Chinese company that claims it owns the iPad trademark says it plans to seek a ban on iPad exports out of China, threatening global supplies. According to what a lawyer for Proview Technology (Shenzhen) Co Ltd told Reuters, the firm is petitioning Chinese customs to stop shipment...
Cisco Wednesday filed suit in the European Union’s second-highest court, the General Court in Luxembourg, challenging the European Commission’s rubber stamp last October of Microsoft’s $8.5 billion acquisition of Skype. Cisco says it isn’t opposed to the merger, but figures the EC sh...
2011 was a year of rapid adoption for public and private cloud services. Instant and on-demand server provisioning was the driving force behind the massive growth. On top, cloud server templates and script automation simplified application installation for simple and pre-defined applic...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE