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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
Home / Markets / Industries / Technology
Tuesday, June 03, 2008
GuestLogix Announces Support for In-Flight Broadband Service With its Mobile Virtual Store(TM) Solution
Comtex
TORONTO, Jun 03, 2008 (PR Newswire Europe via COMTEX) ----Universal Connect Technology Allows Airline Operators to Manage Curbside to On-Board E-Commerce Transactions
GuestLogix Inc. (TSX-V:GXI), the leading provider of on-board retail systemsbto the airline industry, today announced that it has expanded its Mobile Virtual Store(TM) solution to support in-flight broadband connectivity. When processing passenger transactions using GuestLogix' technology platform, operators can securely use their connection of choice, including the new in-flight broadband services from Air Cell and Row 44, WiFi, cellular, infrared, Bluetooth, and RFID.
"GuestLogix is committed to ensuring that our Mobile Virtual Store(TM) platform is compatible with the latest state-of-the-art connectivity options," said Tom Douramakos, President & CEO at GuestLogix. "As operators introduce Internet on-board, increase in-flight entertainment and merchandising, and unbundle services from traditional fares, our Mobile Virtual Store(TM) platform enables them to readily capture new profitable revenue streams. Our solution supports virtually all the connection permutations operators require during pre-boarding, at the seat, and arrival activities."
The GuestLogix Mobile Virtual Store(TM) platform includes advanced secure mobile payment devices, POS software and on-demand back office applications that allow operators to plan, sell, promote, track and analyze sales. The platform fully integrates with operators' web sites, on-board in-seat screen/server based environments, and back office applications, including frequent flyer and gift card programs, accounting, ERP, and logistics. The GuestLogix retail system enables airline operators to move into on-board retailing in as little as a month, depending on fleet size.
"The combination of our deep experience in the designing of mobile POS terminals and our supporting software infrastructure, ideally positions GuestLogix to introduce universal connect technology to our customer base," said Steve MacDonald, Chief Technology Officer at GuestLogix. "From hardware configuration, microcode, device operating system and application code to secure transmission over TCP/IP all the way through to our geographically distributed, high-availability Service Oriented Architecture back office, GuestLogix has mastered the full technical gamut for a 21st century 'purchase anywhere' platform."
More information about GuestLogix' universal connect approach is available at http://www.guestlogix.com/universal_connect.html.
About GuestLogix
GuestLogix is the leading provider of on-board retail technology and solutions to the passenger travel industry. Through its proprietary Mobile Virtual Store(TM) platform, the Company provides air, rail and ferry operators the tools to become successful on-board retailers, enhance service and drive ancillary revenue growth. With a customer base consisting of world leading airlines such as American Airlines, Delta Air Lines, Ryanair, Air Canada and Alaska Airlines, GuestLogix currently serves more than 600 million passenger trips annually. For additional information please visit http://www.guestlogix.com.
Forward-Looking Statements
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on April 23, 2008 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
(C) 2008 GuestLogix. All Rights Reserved.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
For further information: Media/Analysts: Josef Zankowicz, VP Marketing & Communications, GuestLogix, +1-647-500-1563, josefz@guestlogix.com; Investors: Kristen Dickson, Equicom Group, +1-416-476-7814, kdickson@equicomgroup.com; Sales: Tony Ashe, VP Sales Americas, GuestLogix, +1-410-452-5940, tashe@guestlogix.com; Dan Hayter, VP Sales & Partnerships, GuestLogix Europe Middle East, +44-7949-697872, dan.hayter@guestlogix.com; John Devins, Sales Director, GuestLogix Asia Pacific, +65-6832-5502, jdevins@guestlogix.com
For further information: Media/Analysts: Josef Zankowicz, VP Marketing & Communications, GuestLogix, +1-647-500-1563, josefz@guestlogix.com; Investors: Kristen Dickson, Equicom Group, +1-416-476-7814, kdickson@equicomgroup.com; Sales: Tony Ashe, VP Sales Americas, GuestLogix, +1-410-452-5940, tashe@guestlogix.com; Dan Hayter, VP Sales & Partnerships, GuestLogix Europe Middle East, +44-7949-697872, dan.hayter@guestlogix.com; John Devins, Sales Director, GuestLogix Asia Pacific, +65-6832-5502, jdevins@guestlogix.com
Copyright (C) 2008 PR Newswire Europe
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