| Business Summary | | SPEEDUS.COM,
Inc.
is
developing
and
providing
wireless
data
services
that
enable
and
enhance
the
use
of
Internet-based
content
on
mobile
devices.
The
Company
currently
provides
free
wireless
e-mail
and
Internet
content,
including
directories,
financial
data,
sports,
news
and
entertainment,
to
consumers.
The
Company
has
expanded
its
wireless
data
services
to
include
products
and
services
that
enable
businesses
to
communicate
efficiently
and
effectively
with
their
mobile
workforce
and
customers
in
real
time
through
a
wide
variety
of
mobile
computing
and
communications
devices.
In
addition,
the
Company
maintains
a
Website
that
provides
Internet
users
with
information
about
high-speed
Internet
access.
The
Company
also
owns
fixed
wireless
spectrum
in
the
New
York
City
metropolitan
area,
which
it
may
commercialize
in
the
future
to
support
high-speed,
or
broadband,
Internet
access
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SPEEDUS.COM,
Inc.
owns
and
operates
an
Internet
broadcast
system
in
New
York
City
capable
of
delivering
data
to
customers
at
high
speeds.
For
the
six
months
ended
6/30/01,
revenues
decreased
20%
to
$46
thousand.
Net
loss
decreased
69%
to
$1.1
million.
Revenues
reflect
a
decrease
in
income
from
the
pilot
program
and
co-hosting
revenues.
Lower
loss
benefitted
from
a
net
realized
gain
on
investments
of
$6.5
million
and
a
decrease
in
equity
in
loss
of
associated
companies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Shant Hovnanian, 41 Chairman,
Pres, CEO and Chief Financial Officer | $250K | Michael Bacon, 35 Exec.
VP of Operations | 156K | John Kallassy, 36 Exec.
VP and CMO | 71K | Dollar amounts are as of 31-Dec-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
|
|