A Journey to the Levant
According to bcn ranking (jp), in what looks like a stable trend, Sony walkman sales in the last week of August surpassed iPod sales.
Blue represents Sony Walkman, while Red is the iPod. It appears like iPod is losing it’s market share, from around 56% in January to 43% in August, while Sony is gaining steadily.
Sony’s Lineup is quite impressive and offers both Video enabled devices to stylish 2GB earphones.
Google Japan is posting once in a while promotional videos on Youtube.
I really don’t like these Google Mobile videos. Maybe because of the annoying music and graphics, or the silly plot:
In the first one, the couple searches for a cinema screening “Super Dog 2″ movie:
Second one, “the business story”, our heroine searches for business manners: “Where should she sit in the Taxi?” followed by a search for a train station and directions.
No need to speculate anymore.
In another twist in our plot, Airspan announces yet another preferred stock sale to Oak Investment Partners.
Neither Axxcelera nor Gilat managed to reach an agreement.
The press release explained the process:
Before entering into the Purchase Agreement with Oak, the Company conducted an extensive and lengthy strategic review process overseen by a special committee of independent directors, which retained Stephens Inc. as its financial advisor in February 2009 to assist with the process. While extensive negotiations were undertaken with several parties, no agreements could be reached on terms acceptable to the Special Committee. Following the termination of discussions with one such party on August 10, 2009, Oak made the offer which, following approximately three weeks of negotiations between the parties, resulted in the execution and delivery of the Purchase Agreement on September 1, 2009.
And Airspan’s dire financial situation:
Without the new investment, the Company would deplete its cash resources in the fourth quarter of 2009.
Either Oak Investment partners believe in Airspan’s turnaround or think future negotiations will help them return their investment. It is also obvious that Airspan cannot maintain their current burn rate and in need of extreme measures to save the failing company.
Alvarion IR informed today that the board of directors named Eran Gorev (LinkedIn Profile) as the new CEO and president. Eran is currently the Chief Business Officer at NICE systems (another Israeli Company) and will assume day to day responsibility only in December.
I am sure Eran will face many challenges in his new role; I obviously wish him all the best, especially because we both graduated from the same high school (Eran is 6 years my senior).
Tzvika Friedman, the departing CEO, was probably not very effective in Q3, 09 while I doubt Eran Gorev will manage to change anything by end of Q4, 09. I wonder if this lack of leadership will affect the earning reports.
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