TERMS of Use

Wireless Industry Investment Research

It is better to know what a firm’s customers are doing than what its management was saying.

All information in this website is for the express use of JRPG customers. If you are not a JRPG customer you may not use the information in any way shape or form without written permission. Persons desiring to use information may contact JRPG at 303-954-4207 for such permission.

Some Disclaimers

JRPG is an independent institutional research provider. WJB Capital is our preferred broker. For information regarding WJB please visit www.WJBcapital.com.

The authors do not receive fees or any other form of direct compensation in connection with this report or the analysis contained herein. However, the author and firm do provide research services for a fee.

Copyright © 2008 JRPG, LLC. As always, we caution readers that many factors influence stock prices. Valuation, market conditions, accounting, financial condition, earnings, and investor expectations are just a few elements into which we have not deeply delved in this analysis. The information in this publication is assembled from sources believed to be reliable but such reliability cannot be guaranteed. This is provided to augment traditional research process and should not be solely relied upon in any investment research process.

Our opinions relate to what we see in the long term in contrast to our perceptions of market expectations. These opinions generally relate more to business fundamental than to its valuation.

Favorable -- company is well positioned in high growth market or gaining share and no discernable threats to current fundamental momentum.

Neutral: we feel there is little difference between our opinion and investor expectations. OR We follow the company’s markets and have insight on one or more business elements but do not have an opinion on the company’s securities

Unfavorable – Company’s markets are shrinking or it is losing share and/or we anticipate deteriorating fundamentals or we see a wide separation between positive investor expectations and our expectations.

Members of JRPG staff may or may not hold positions in securities mentioned. .

Copyright © 2008 JRP8, LLC. As always, we caution readers that many factors influence stock prices. Valuation, market conditions, accounting, financial condition, earnings, and investor expectations are just a few elements into which we have not deeply delved in this analysis. The information in this publication is assembled from sources believed to be reliable but such reliability cannot be guaranteed. This is provided to augment traditional research process and should not be solely relied upon in any investment research process.