Jetblue actually went up 10.01% today! or up 3.98 to $ 43.76
These are quotes from their Press Release...
"LiveTV, LLC will become a wholly owned subsidiary of JetBlue Airways, operating as an independent unit that will continue to be managed by existing LiveTV management and marketed under the LiveTV name. The acquisition offers JetBlue, as LiveTV's principal customer, the opportunity to directly control this important part of the JetBlue product. "
"The acquisition is expected to be completed during the fourth quarter of 2002, pending customary government approval, and is expected to have no material impact to JetBlue's earnings per share over the next few years and to be mildly accretive to earnings thereafter. "
LiveTV provides in-flight entertainment systems for single-aisle commercial aircraft, including live in-seat satellite television, XM Satellite Radio service, wireless aircraft data link service, cabin surveillance systems and Internet services. The airline industry's only true real-time, at-home entertainment experience in the air, Live TV's satellite TV system includes individual seatback monitors, armrest remotes and volume controls that allow passengers to select from 24 channels of DIRECTV® programming. For more information, visit LiveTV on the World Wide Web at http://www.livetvifs.com/. "
You can read the rest of the press release here http://www.nasdaq.com/asp/quotes_news.asp?selected=JBLU&symbol=JBLU%60&textpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C09%5C10%5CEN0000912057%2D02%2D0349500001158463%2Etxt&cdtime=09%2F10%2F2002+8%3A06AM
Copyright notice-You can post whole press releases, however I just took out the valuable information. This is not a copyright violation. Taking an article is different then a press release.
Brooklyn, Queens, Manhattan, Staten, Uptown, what now? Lets make it happen.