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WIKI ANALYSIS
GTX, Inc. (OTCBB: GTXO) has developed and patented an integrated miniaturized 2-Way GPS™ tracking and location technology for consumer products and applications. As the underlying technology provider, the company works with branded license partners including AT&T to deliver these innovative solutions to the consumer in a wide variety of wearable location devices.[1] It's gpVector Personal Location Services (“GPS/PLS") suite delivers remote real-time oversight of loved ones and high-value assets. The company's licensing model and a user friendly format allows it to transparently embed the technology into a wide variety of branded consumer products. In addition to geo spatial location-reporting, which provides peace of mind to caretakers, the company’s scalable gpVector™ technology platform is also designed to deliver new and innovative life style based applications. Some of those are interactive real-time gaming and performance, health / exercise monitoring and geo specific social networking. The miniaturization of the electronics offers a whole new category of portable hosts to deliver a wide range of new people-oriented wearable 2 way GPS/PLS solutions. The company's products are compatible with Smart phone's including Apple's iPhone, Google's G1 Android™ and Research in Motion (RIMM)'s BlackBerry™.[2]
garmin recommend that you have a data plan to use there gps sowrfate. the reason to this is that the garmin sowrfate will use the data plan to find out where it is without having to locate the gps as this usually takes a long time. so by having a data plan, this makes the process faster. also the data plan helps when you may lose signal of gps whilst using garmin so it will help you locate straight away. i used to have tomtom installed and didn't have a blackberry plan and that didnt make a difference but i would lose signal every now and then and the sowrfate wouldnt know where you are to give you routes.
If that DVI port is a Dual-Link then you are lucky, because you would be able to cnecnot and use a 120Hz 3D monitor such as the Acer GN245HQ in Full HD mode in either 120Hz 2D or 60Hz per eye 3D mode. If you however don't have DL DVI cnecnotor you will be limited by the HDMI interface to 1080p 24Hz 2D mode or 720p 50/60Hz 3D mode. Furthermore you may not be able to use this monitor for gaming in stereo 3D mode over the HDMI 1.4 interface as it is not officially supported by Nvidia's 3DTv Play software. -14Was this answer helpful?
Key Markets
Children and Adolescents
Due to the emotional nature of GTX's value proposition, children and adolescents are an important market for GTX's products. The GPS Personal Locator license for children targets prospective licensees currently marketing their existing products to parents of children and teenagers. Children are starting to gain more independence from their parents and are more likely to be "out of the parent's sight" for a variety of reasons (day care, school, playing with friends, etc.). GTX has positioned this service as "complimentary" to parent supervision, not a replacement.[3]
Pet Owners
This market segment utilizes GTX's technology to locate pets that have run away, been stolen or become lost. The pet collar device is attached to a collar or by similar means and will utilize the same location (GPS) and communication (cellular) technologies as the GPS Personal Locator.
I will still make my money, but I have newbies I'm trinniag that don't have their emotions under check yet. The increase in margin will give them a much larger cushion before a margin call. I can't imagine a 340 pip stop on the GBP/USD but I know traders will think they can hold out longer and expect to recover such a large move against them.
High Valued Assets in Motion
GTX's technology supports increased efficiency and security for the courier industry. Courier services transport high valued assets including: human organs, sensitive documents, and expensive items. The company's technology allows the more accurate tracking of items because its miniaturized and always-on design permits the module to stay with the items at all times. Other tracking systems to not provide real-time tracking. Typically RFID technology only reports an items location at a point of entry such as a truck or distribution center. The other key difference is that RFID does not determine where a package is; it only provides updates of when a package was last scanned. Due to low power consumption and miniaturization, GTX's devices can be sent with the item and monitored during the entirety of the trip.
however, my understanding is that the Campa Kedia and Villalonga work is lieimtd to diversification events (trying to explain the diversification discount). That work does not necessarily speak as much to related acquisitions. So yes, could be an interesting paper in there. However, I think the work on agency suggests that there are some perverse managerial incentives to acquire that benefit managers but not shareholders.And if you buy into the EMH (in some form), then even if it's better for the focal firm to diversify instead of die (an agency problem) as in Campa and/or Villalonga, it still might be better for perfectly diversified shareholders for that firm to die instead of having diversified.
Competition
SprintNextel was obviously a teibrrle idea and I'm sure many of the others were as well, but we shouldn't ignore the possibility that many of these firms would have been even worse off had they _not_ acquired. This would be consistent with the research on diversification. Companies with poor prospects in their core markets diversify, rather than diversification causing poor performance. Couldn't the same be true of acquisitions? Hmm, that sounds like a good idea for a paper
Location Based Technology, Inc.
Location Based Technology, Inc. (OTCBB: LBAS) is a development stage GPS/PLS technology company. LBAS is focused on products for the tracking of people, pets, and luggage. Its main products include the Pocketfinder(R) and the Pocketfinder Pets(TM). As of Q2 2008 LBAS was yet to realize any revenues.[4]
Whereify
Whereify's first offering, the Child Locator Watch was discontinued for failure to meet customer expectations. Whereify's latest offering, Whereifone is based on a small cellular handset. Similar to the Sprint offering they are not a direct competitor to GTX.
Zoombak
Zoombak offers a "one size fits all" GPS solution for the tracking of cars, pets, and persons. Zoombak is not offering an embedded technology or a customizable portal for specific vertical markets and is targeting the same retail market as LBAS.
Spot
Spot's offering is a single product that utilizes GPS technology and satellite communication. Satellite communication is far more expensive that GTX's celler communication technology. Spot's offering is most affective in areas where there is no cellular coverage. This represents a much smaller market as the majority of metropolitan cities have a cellular infrastructure.
Key Trends and Factors
Mobile Phone Adoption in Developing Countries
International Mobile phone adoption is a source of tremendous growth in wireless industry. Penetration rates for the U.S. cell phone market are greater than 75%, and in Western Europe, Japan and Hong Kong penetration has already exceeded 100 % (multiple cell phones per subscriber). Although there is still significant growth to be found in these markets, much of this growth will take the form of selling increasingly sophisticated services (e.g. video, GPS) to existing customers rather than growing the overall number of subscribers.[5]
4G: Impending Technology Split
Though the transition from second to third generation wireless technologies has yet to be completed, developers are already working on the next step, 4G. One of the leading standards paving the way for the development and implementation of 4G technology is WiMax. This technology competes with both of the two major 3G systems, CDMA2000 (EV-DO) and UMTS (W-CDMA), offering speeds upwards of five times as fast as either of the two.[6] At some point, GTXO will have to decide whether or not the company will adopt 4G technology.
The iPhone Craze
The iPhone includes a touch-screen system, wireless Internet browsing capability, and iPod functionality. These advances come at a hefty price--approximately US$ 400--and target the decidedly high-end smart phone market. The popularity of smart phone devices such as the iPhone has a direct impact on the consumer acceptance of GTX's products.
Business Financials
GTX Revenue Recognition
Revenue is recognized when earned. Revenue related to licensing agreements is recognized over the term of the agreement. Revenue for services and products are recognized as the services are rendered and the products are shipped. Revenues recognized during the three and nine months ended September 30, 2008 were received from one customer primarily for sale of approximately 900 gpVector™ Powered Athlete Tracking Systems. Revenues recognized during the three and nine months ended September 30, 2007 were received from one customer in connection with a licensing agreement which was terminated. [7]
March 2008 Financing
On March 13, 2008, concurrent with GTX's reverse merger, the company completed the sale of 2,666,668 units at $0.75 per unit, each unit consisting of one share of common stock and one stock purchase warrant. Each warrant is exercisable into an additional common share at $1.25 per share.[8]
The company received bridge financing of $1,000,000 pursuant to a convertible loan agreement. The $1,000,000 loan plus accrued interest of $30,750 was converted into 1,374,334 units of the Company on the same terms and conditions as the private placement noted above.[9]
May 2008 Financing
In May 2008 the company completed a sale to thirty-two (32) investors of 1,732,000 units of the Company’s securities at a price of $1.00 per unit. Each of the May 2008 Units consists of one common share and one share purchase warrant. Each May 2008 Warrant is exercisable at an exercise price of $1.50 per share for a three-year term. The common stock and common shares underlying the May 2008 Warrants sold in this May 2008 Financing have piggy-back registration rights.[10]
GTX agreed to pay up to 10% cash and 10% warrant coverage as commissions to registered broker-dealers or unregistered finders in connection with the May 2008 Financing. Mr. Matthew Williams, the brother of GTX's Chief Financial Officer, Murray Williams, received $20,300 and 20,300 May 2008 Warrants from GTX Corp for his services as a finder.[11]
Common Stock Warrants
Risk Factors
There are certain risks and uncertainties that could affect operating results and the market price of GTX's common shares. There can be no assurance that GTX will be successful in addressing such risks and uncertainties. Suck risks and uncertainties include but are not limited to the following:
- The need for GTX to keep up with changing mobile technologies;
- GTX's reliance on third parties for component supplies;
- Increasing competition;
- GTX's ability to attract and retain qualified personnel;
- Changes in regulatory framework and timelines related to certification;
- GTX's failure to effectively manage their growth;
- GTX's reliance on intellectual property rights;
- Potential issuance and exercise of warrants and options;
- Market liquidity of GTX's common shares;
- Resale of restricted securities; and
- Potential significant costs associated with operating as a public company and management's requirement to devote substantial time to new compliance initiatives.
References
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