WiChorus Series C Funding

WiChorus received their Series C Funding of $18 Million, which brings the total investment in the Company to $43 million.

It is a reassuring step for WiMAX?

RedHerring report hints the opposite:
“Nobody can say for certain how bad or how long the downturn will be, but that is part of the reason why we sought a cushion just in case the economy impacts the [carrier] rollouts [of WiMAX],” said Renan Jalil, CEO of WiChorus.”

The report also keeps mentioning WiMAX, when WiChorus website is trying to rebrand themselves out of the WiMAX business, and into the 4G and LTE market as well.

Vertu brand

Vertu is a manufacturer and retailer of Luxury Mobile phones. It is owned by Nokia and has stores around the world.

I have browsed around, and found out there is no Vertu shop or reselller in Israel.Why is that? Not enough Customers?

Don’t get the concept of this phone, and will never buy one, no matter how much money I will have.

Airspan achieves Multi-Band Mobile WiMAX Handover

A press release from Yesterday reports a successful First Ever Multi-Band mobile WiMAX Handover.

This was achieved using the MiMAX USB, a Quad band Mobile WiMAX USB dongle.

“Staged in the UK, this achievement was performed with the collaboration of long-term customer and partner FREEDOM4 and strategic partners Starent Networks, using their Access Service Network (ASN) gateway for connection management, and Bridgewater Systems, using their subscriber management solution that delivers carrier-grade authentication, authorization, and accounting (AAA) services.”.

I am very proud of this unique achievement, which can benefit operators:

Carriers and operators will benefit from the option to deploy a single, large mobile WiMAX network using two or more frequency bands. In many regions, the availably of 2.5 GHz is limited. Now operators can aggregate spectrum to allow significant expansion of coverage and roaming capabilities. A carrier, for example, could begin with a small allocation at 2.3 or 2.5 GHz and add a larger, often more affordable, allocation at 3.X GHz or even 5 GHz.”

Disclaimer: I was one of the people who founded this project, and was the Software Manager of the MiMAX USB for more than 2 years

Daewoo Logistics to lease half of Madagascar

From the Financial Times – In the world race for food crops, Daewoo has secured a 99 year lease of 1.3m hectares of farmland as countries are concerned about long-term supplies.

This is a bit scary, and the report also mentions this make create a “neo-colonial” system. What will happen in Madagascar when they get short in food supplies, when prices will Soar in Africa, but remain relatively low in Korea, thanks to these overseas farms.

Liar's Poker

One of my favorite financial books, or rather financial history book is Liar’s Poker written by Michael Lewis.

He recently wrote an article for Portfolio.com about the current financial crisis:

n the two decades since then, I had been waiting for the end of Wall Street. The outrageous bonuses, the slender returns to shareholders, the never-ending scandals, the bursting of the internet bubble, the crisis following the collapse of Long-Term Capital Management: Over and over again, the big Wall Street investment banks would be, in some narrow way, discredited. Yet they just kept on growing, along with the sums of money that they doled out to 26-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents’ world when you can buy it, slice it up into tranches, and sell off the pieces?”

UQ selects Mformation to support Advanced Mobile WiMAX Service

Press release is out.

UQ selected Mformation to provide Device Management activation and provisioning. When considering UQ Communications business plan of being an access provider to several MVNO, this plan and press release make a lot of sense. UQ would like people to buy WiMAX Mobile Subscribers without a contract, and then activate it online.

Their selection of Mformation was probably quite easy, as Mformation are without doubt the market leaders of Mobile WiMAX Device Management.