XG Tech Regs Share Discussion Threads

[tillman] 19/3/2007 14:17

first time for ages that the spread has come down to less than $1...currently showing a $1/2 spread but will probably go back to $1 soon.

[tomhi] 28/2/2007 11:18

I agree completely. Very smart approach, but I very doubt it will go down far, since the supply of this stock is very thin, and a buying interest from one big investor is able to drive the price up much, as in January.

[tillman] 28/2/2007 10:16

tomhi

well before this carnage, i was looking for at least another 100% before the year end and potentially far far more

however, i am now out (just in time) having taken some very nice profits

i will be watching like a hawk though as i still believe in this stock big time

the safest way to play imho would be to buy it on a breakout...there's no telling how far it might go down with just 1 MM calling the shots and nice profits to be taken

[tomhi] 26/2/2007 19:12

What is your short, medium, and longterm price target on xG?

[tillman] 19/2/2007 14:28

interesting to see that the MM has today facilitated some quite large trades well within the 1$ spread...something that has been a rare sight indeed.

some poor seller had to take approx. $1.5 less than the quoted bid the other day whereas today, somebody has both bought and sold at better than the offer and bid respectively

[domitianus] 18/2/2007 16:49

In terms of slightlycynical's "3-5 years of sorting out all the supporting bits & pieces before it's ready for commercial launch" - please note that the company has already been developing its technology in 'stealth' mode for over 6 years. Plenty of time to get all their ducks in a row, one might suggest?

Also curious as to why the financial backgrounds of the Chairman/CEO and COO/CFO are cause for concern. If someone can explain to me how a novel technology like this could be developed over a six year period, pre-revenue, without management who had access to and experience in managing capital I would like to hear about it. The alternative route would have been to access VC money with all the greedy, short-termist connotations that come with that.

Management's backgrounds are 'patchy'? What is meant by 'patchy'? That is a rather ambiguous term. Looking forward to further comments.

[square1] 26/1/2007 11:24

I must admit I also am a bit sceptical. Why did they have a lab test when the european press were invited to the field test in the florida swamps. I must admit to loving the idea but finding it hard to believe its real. Look at the board of Directors- all Securities guys, all with 'patchy' records. To many 'alarm bells' for my liking.I'll keep watching but given the potential 'fully diluted' market cap already stands around $2billion, I'd hate to be holding if the wheels came off!! Good luck to all holders.

[slightlycynical] 26/1/2007 11:18

I'm a bit skeptical about all of this, I have to say. It's one thing having a transmitter & receiver working OK in a lab, it's another thing entirely having a real-world deployment with 100's or 1000's of devices all operating in the same area.

Has anyone seen anything about all the "back-end" needed between the xMax base station & the handsets? In a normal cellular network there's an alphabet soup of boxes that manage the registration/security of the devices, sort cell-to-cell handoff, ensure that each device gets its "fair share" of airtime, makes sure that congestion doesn't occur etc etc - (BSCs, MSCs, HLRs etc for anyone in the industry). How does numbering work? How does billing work? Is there anyone making test equipment so the service provider can check the coverage is as good as it's supposed to be?

It's one thing having a clever radio technology - it's just that there can be 3-5 years of sorting out all the supporting bits & pieces before it's ready for commercial launch.

[tillman] 26/1/2007 10:08

My post above (Yesterday No.18) was timely...right at the low of the day.

There will always be shakes/pullbacks with this type of stock. I know they are not nice but one has to know why you are in the stock in the first place.

And now ladies and gents, we have this:


XG Technology Positive lab beta trials


RNS Number:1945Q
xG Technology Inc.
26 January 2007

26 January 2007
xG Technology Inc.
Confirms Positive Lab Beta Trials prior to imminent Field Testing

xG Technology Inc. ("xG" or "the Company"), the Florida based communications
technology business, is pleased to announce that lab beta testing of its xMax
product commenced ahead of schedule. The successful lab trial was conducted
prior to the planned beta field testing due to start in Q1. Preparation for this
is proceeding well within schedule.

For further xG Technology news please visit: www.xgtechnology.com NEWS/INVESTORS
- Ends -

[34trader] 26/1/2007 06:24

Only 1 MM
No thanks

[tillman] 25/1/2007 14:00

well...the difficulty is that the trades aren't always transparent..see previous rns ref. this problem

could work both ways but I see it has now ticked up since my last post

case of wait and see

[masurenguy] 25/1/2007 13:56

Are they !
Buys of 12k & Sells of 6k so far today hardly suggests that 'people are starting to use it as a buying op'.

[tillman] 25/1/2007 13:38

nice tree shake market maker

trouble is, doesn't look like you are picking the stock up, does it?

people starting to use it as a buying opp.

[Abuse team] 17/1/2007 15:54

Post removed by ADVFN

[dally4] 17/1/2007 15:50

Thanks for that Tillman

[tillman] 17/1/2007 14:57

Dally4...I imagine that spike down was non existent or was a case of fat finger syndrome e.g. somebody mistyped their order..sell at $7.75 instead of $17.75. Quickly rectified and if they were lucky, the other party to the order may make good for the mistake...but no obligation to...witness a couple of stonking fat finger trades in Japan last year...must be great to be on the right side of such a mistake when the error was made by one of the big instituitions/hedge funds..lol!

Ref. Dealing problems
You will have to ring your broker....these can't be traded online and most brokers won't trade in them.
Interesting fact...lack of brokers able to trade, cannot have more than 1 MM at present (not by choice)...could lead to increased buying pressure if and when this is sorted out and more people are able to buy!

[dally4] 17/1/2007 14:10

That was some spike down midday........anyone else having problems with buying, have tried several times on line but getting nowhere

[Abuse team] 17/1/2007 08:08

Post removed by ADVFN

[tillman] 17/1/2007 08:08

Everybody should like that last post with plenty of info. for people to start thinking about whether they should be investing here or not.

..and the synopsis for the rest of this week is:

IMHO, I think that we have now seen some smart money come in but there will be plenty more smart money arriving. Smart money?...that will be shrewd investors who will try and get in before the story becomes well known.
And then you have the Americans...how many have arrived is hard to say but I guess it is minimal at present...we know what will happen when they start a chorus of: Buy, Buy, Buy!
Even at these levels, the money invested will be smart. Charts like this don't often hang onto it all but if something is truely new and will revolutionise things, then the gain is just the beginning.
WARNING...Plenty of people have thought the latter about certain stocks but few live up to it.

I love the fact that there are so many good stocks out there for investing in at present. It means that you can play it safe and diversify...although I have a nice chunk here, I still try adn play safe!

Have a very good day.

[littleredrooster] 16/1/2007 18:49

The Sunday Times September 17, 2006

Telco aims for £400m

Paul Durman

A SMALL American company with rights to an apparently breakthrough wireless technology is seeking to raise £30m from London investors, and hoping for a market valuation of up to $750m (£400m).

XG Technology, based in Florida, claims that the power efficiency, cost effectiveness and range of "xMax" could transform the telecoms industry. In trials, it has been able to transmit video over 18 miles, using little power and relying only on cheap base stations.

Rick Mooers, the merchant banker who is XG's chief executive, said xMax could be enormously "disruptive" - seizing a big slice of the revenues that are expected to be earned by mobile-phone companies, Intel and other technology firms.

XG is seeking a high valuation for a company that has yet to generate its first revenues. However, Mooers said XG had already received $20m of signed orders from Florida firms that are keen to introduce commercial broadband services over xMax next year.

XG plans to make its money by selling base stations for $50,000 a time, and by selling the required xMax handsets. Mooers said that an xMax network sufficient to cover America could be built for less than $15m - a fraction of the multi-billion-dollar cost of building a mobile-phone network.

It is also a fraction of the estimated $3 billion cost of the network needed to deploy Wimax - another new wireless technology that has been heavily backed by Intel.

XG has generated considerable controversy in certain parts of the telecoms industry. Some critics have even claimed that its technology defies the laws of physics.

However, XG and xMax have been given a vote of confidence by Stuart Schwartz, professor of electrical engineering at Princeton. Schwartz has said the sceptics "don't understand what XG is doing". The low power required, 50W, could allow xMax to use unlicensed spectrum to transmit television, video and wireless broadband.

The company's promoters said it was extremely rare for a true technology leader to list in the UK. Credit Suisse, an investment bank known for its technology expertise, has spent several months advising XG. However, XG is being brought to the Alternative Investment Market (AIM) by the much smaller Smith & Williamson, with Hichens Harrison acting as broker.

It is highly unusual for a leading technology company to float using advisers that would not generally be regarded as first tier. It was suggested this weekend that Credit Suisse had ducked out of the float because it does not handle transactions on AIM.

However, Mooers, who has spent years trying to commercialise xMax, is known for his suspicion of big companies.




U.S. wireless start-up makes AIM debut

John Walko

11/20/2006 6:29 AM EST)

LONDON - Dealings in shares in xG Technology, a company that has patented and developed modulation and encoding technology that allows broadband signals to be transmitted at low power on already used parts of the electromagnetic spectrum, opened on London's Alternative Investment Market (AIM) Monday (Nov.20). However, the company has had to scale back the value of the flotation.

The Sarasota, Florida-based company has also delayed to a later date a planned fundraising that was meant to accompany the listing.

The opening price of the shares values xG at about $544 million (£287 million), about $100 million less than anticipated when the company announced plans in September for the AIM listing.

However, the flotation again enhances the international reputation and attractiveness of AIM in attracting high technology companies from across the world to have their shares listed on the exchange.

The company says its so called xMax technology, initially targeted at voice over IP for mobile handsets, can more efficiently use wireless spectrum and support more efficient communication over wireless or wired links than other technologies.

It claims that xMax can boost the data rates of all wired and wireless communications: "It is not a compression technique, but rather a synergistic mix of two well-established communication approaches that dramatically improves spectrum utilization," xG Technology suggests.

Full details of the xMax technology can be found in an article posted on Wireless Net DesignLine that is co-authored by Stuart Schwartz, a professor of engineering at Princeton University and an advisor to the company.






Wireless comms firm lists on London AIM

by David Manners
Monday 20 November 2006

Shares in Xg Technology, a Florida-based wireless start-up, started trading today on the London AIM stock exchange.

Although Xg, which claims its low power wireless technology called Xmax could cover the US for a network installation cost of $15m, has listed on the London AIM exchange, it is not raising any fresh money as part of the listing.

The company had hoped to raise £30m from the AIM listing in return for ten per cent of its equity which would have valued the company at £400m.

However, during the road show of potential investors, the company learned that there was no interest in investing at that level.

Nonetheless potential investors gave the company non-binding expressions of interest in buying £63m worth of convertible preference shares.

The shares of Xg which started trading today on the AIM were shares put up for sale by some of the seed investors. In the first few hours of trading they rose from $4.50 to $4.80.

The firm, which has already demonstrated the technology in the US, said the advantage of the technology, which can be operated in the 900MHz unlicensed band, is that it can be used to transmit data using low power RF signals which sit just above the noise floor and do not interfere with other signals operating in the band.

In a demonstration last year, the firm said it used a transmitter to broadcast a 3.67Mbit/s signal more than 18 miles using only 35mW of RF output power.

Voice-over-IP systems are expected to be an early application for the technology.

For more information see this blog about Xg Technology's flotation.



Telecoms Revolution? Er....maybe

I have to say I love the sound of Xg Technology whose shares started trading in London today.

Xg boasts an outrageously ambitious technology with the potential to wipe out the established wireless telecommunications industry and provide free, or almost free, telephony for everyone.

It's like the promise of the PC to 'democratise the computer industry'. And the PC did just that, wiping out a raft of huge computer companies like Burroughs, Wang, DEC, etc.

XMAX, the name for Xq's technology, claimed to be able to build a pan-US VOIP wireless network for just $15m. Wow!

However not everything was good about Xg. Requests to talk to senior management were refused. The workings of the technology were never explained. Previous ventures by the founders had ended messily.

Today, Xg's shares started started trading on the London AIM stock exchange after an inauspicious roadshow.

They'd come to London hoping to raise £30m which would have valued the company at £400m, and in fact raised nothing. During the road show of potential investors, the company learned that there was no interest in investing at that level.

But they got their listing, and some of their seed investors sold their shares at $4.50 a pop and that put a value of $287m on the company.

Nonetheless potential investors gave the company non-binding expressions of interest in buying £63m worth of convertible preference shares.

I like the sound of Xq because it's claiming to be able to do something so totally revolutionary in an age when all the new companies seem to offer only incremental improvements to what is currently on offer.

But now I can actually buy shares in the company, would I do so? Would you? OK, it sounds too good to be true, and that means it usually is.

But Intel set out to reduce the cost of computer memory by 100X. That sounded too good to be true. But they did it.

Posted by David Manners on November 20, 2006 2:50

[wiganer] 16/1/2007 17:30

I suspect that's in no small part due to it only having one MM.

[thecleaner] 16/1/2007 17:16

Why the sudden leap in price, it was static for the first few weeks