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Archive for 2008

Steven R. Gerbsman, Principal of Gerbsman Partners and Kenneth Hardesty, a member of Gerbsman Partners Board of Intellectual Capital, announced today their success in maximizing stakeholder value for a technology company that was a provider and distributor of high-value, rights managed high definition imagery for high definition televisions . Gerbsman Partners facilitated the sale of the business unit and associated Intellectual Property and assets. Due to market conditions, the venture capital-backed company made the strategic decision to maximize the value of the business unit and Intellectual Property.

Gerbsman Partners provided leadership to the company with:

  • Technology experience in developing the strategic action plans for maximizing value of the business unit, Intellectual Property and assets;
  • Proven domain expertise in maximizing the value of the business unit and Intellectual Property through a targeted and Date Certain M&A plan;
  • The ability to “Manage the Process” among potential Acquirers, Lawyers, Creditors Management and Advisors;
  • The proven ability to “Drive” toward successful closure for all parties at interest.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. In the past 60 months, Gerbsman Partners has been involved in maximizing value for 46 Technology and Life Science companies and their Intellectual Property and has restructured/terminated over $750 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception, Gerbsman Partners has been involved in over $2.2 billion of financings, restructurings and M&A transactions.

Gerbsman Partners has offices and strategic alliances in North America, Europe and Israel.

For more information, please contact Steven Gerbsman at steve@gerbsmanpartners.com

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The Valley’s latest extreme sport is feigning nonchalance about the economy. Living in an earthquake zone requires developing a habit of stoic flinchiness. The economy’s seismic shifts are slower, but just as unpredictable; all one can do it shrug one’s shoulders, stock the emergency kit, and keep on living. “We’re watching the economy crater all around us, but … well, we’re not really seeing any direct impact,” writes Tech Ticker anchor Sarah Lacy. “Making things more uneasy for those here in 2000: We didn’t cause this one.” Lacy’s right to reach back in history for examples, but her timing is off. This is 1998 all over again.

Read the whole article here

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Consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.

The Labor Department reported Thursday that consumer prices rose by 0.8 percent last month, twice the 0.4 percent gain that economists had been expecting.

It marked the third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June. And it leaves inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991.

http://www.msnbc.msn.com/id/26195964

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Widespread complaints about the iPhone 3G’s reception have spread across the Internet in the month since Apple and AT&T released the successor to the original iPhone. The companies insist that nothing is wrong, but the complaints have been mounting through e-mails, water-cooler discussions, and message boards on Apple’s own Web site: iPhone 3G users are having trouble connecting, and staying connected, to the 3G networks in their areas.

Read more here.

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SALE OF TELEFLIP INC

Gerbsman Partners has been retained by Hercules Technology Growth Capital , the senior secured lender to Teleflip Inc. , to solicit interest for the acquisition of substantially all of Teleflip’ assets, including its Intellectual Property , Patents, processes and other intangibles in whole or in part (collectively, the “Teleflip Assets”).

As of August 11, 2008 Teleflip shut down its operations. Hercules, the senior lender, is presently working with the Teleflip on a “Friendly Foreclosure of Assets”, and Teleflip will selling the Assets of Teleflip.

TeleFlip has two award-winning, nationally recognized mobile messaging services that uniquely bridge the internet & cell phone networks to deliver push emails to mobile phones via the SMS data channel, leveraging the existing text messaging inbox found on every mobile phone throughout the world.

• “FlipMail” enables mobile phone users to receive their current personal and business emails from virtually every POP, webmail, and Microsoft Exchange email accounts, without any new or special software downloads or a mobile internet connections to use the service. Users signup for FlipMail by simply providing their email address, email password, and mobile phone number. Emails are then converted to text messages and parsed, sequenced, and concatenated to be easily displayed and read on the phone.

• “Flipout” allows people to send emails from their existing email accounts, either client-based or webmail-based emails, directly to a mobile phone user with the email converted delivered to the mobile phone as a text message. No software is needed by the PC-sender of an email, nor by mobile phone-receiver. Senders simply send an email to the mobile phone user by addressing the email to “their cell phone number @teleflip.com”, eg, 3105551212@teleflip.com <mailto:3105551212@teleflip.com> , and the email then shows up as text message on mobile phone without having to know the recepient’s mobile phone operator.

• “Mobile Ad Platform” is a proprietary advertising insertion technology that easily allows for any length of advertisement to be placed within a Flipmail or Flipout text message delivered to the cell phone.

FlipMail and Flipout are operated as hosted, ASP-based services. Teleflip’s technology infrastructure consists of a Unique Network Unification™ Process which maps and routes and converts messages from the email messaging network and pushes them to the mobile handset through the SMS data channel.

The company has co-lo facilities and server networks which are carrier grade, redundant, and load balanced on the East and West Coasts, and was designed for easy scalability.

For more information, please contact Steven R. Gerbsman at steve@gerbsmanpartners.com

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