I spoke to IR at BBT today to get some details from the Annual Shareholder's meeting. I was not able to attend, as I'm nowhere close to NC, but FWIW.......
Details from shareholder meeting
Pliant Systems was agreed on for BBT's new name. This does not involve another company, just a name change, in line with their new focus.
There will be a new, more functional website in approx 1-2 weeks, and PR's with more information around the same time. Further details of the new platform will be available then, in addition to new investor packets. For investor packets you can email mailto:gzona@bbt.com
or call 919-544-0015. New dox are to be available in the next couple weeks.
I don't have many details about the new access platform, but it will focus on the flexible usage of DSL connectivity (of which I am extremely green on---help me here). One thing to note is that this new system is flexible and it will evolve as does the technology.... e.g. from land-based, to wireless, etc, as the technology evolves. First-hand focus is on utilization of the existing copper/fibre infrastructure (first things first).
Please, if anyone DID attend the meeting I'd love to see more details. From what I hear, there were a lot of lame questions directed to the management at the meeting...many not related to the new platform. IMO, this is one of the biggest moves for BBT in years, and as BBT/Pliant approaches this critical juncture, there will be many opportunities to trade the stock, going forward.
Today, BBTK gapped up at the open 7 3/4 from yesterday's 7 1/4 close. Currently fetching $8.50 and I'll assume there will be a slowdown in activity until we see the PR's in the next week.
Regards,
B |
