| Business Summary | | Universal
Broadband
Networks,
Inc.
(Universal
Broadband)
is
no
longer
engaged
in
the
conduct
of
business
to
any
significant
extent,
and
currently
operates
for
the
sole
purpose
of
holding
and
liquidating
its
assets.
Universal
Broadband
was
an
emerging
facilities-based
integrated
communications
carrier
using
digital
subscriber
line
(DSL)
technology
to
offer
broadband
data
and
voice
telecommunication
services
to
small
and
medium-sized
businesses
and
high-end
residential
consumers,
particularly
multiple
tenant
units
and
multiple
dwelling
units.
The
Company
was
deploying
a
scalable
network
in
targeted
geographic
areas
where
high
demand
existed
for
its
services
and
which
were
underserved
by
other
carriers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UBNTQ
was
engaged
in
providing
wireless
Internet
access
through
microwave
technology.
Currently,
the
Company
operates
solely
for
the
purpose
of
holding
and
liquidating
its
assets.
For
the
nine
months
ended
12/00,
revenues
fell
28%
to
$1.6
million.
Net
loss
applicable
to
Common
totalled
$56
million,
up
from
$13
million.
Results
reflect
a
decrease
in
revenues
from
the
MRHM
subsidiary
and
the
inclusion
of
a
$29.1
million
reorganization
item. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Stephen Pazian, 50 Chairman | -- | Michael Sternberg, 55 CEO,
Director | -- | Kim Marcus, 40 Interim
nCFO | -- | Jeffrey Matsen, 60 Exec.
VP, Gen. Counsel | $297K | Jerral Pulley, 66 VP
of Marketing, Director | 341K | Dollar amounts are as of 31-Mar-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|