Haven't logged-in in quite a long time, and pleased to see some ol'timers I still recognize!

Popped by to see if there was any chatter about the news of SMSI being "delisted" from NASDAQ yesterday.

Other than the press release from NASDAQ, I didn't spot any public statements from Smith Micro, so was curious if there had been any prior discussion in here of the consequences, e.g. signals of pending sale?

I think they moved to OTCBB because couldn't maintain share price above $1 consistently

Its been under $1 for a while now. The last report I read didn't really mention its graphics division but mostly seemed to place the failure on other divisions.

total bummer.  they gotta push their cloud stuff, if they got any.  cloud is where it's at.  e.g. cloud version of poser, $50 per month.

Quote -
 e.g. cloud version of poser, $50 per month.

Uhm, Maya LT is only $30 a month. $75 for the full suite.  

Here is the press release.  Their stock price just needs to increase a few cents per share over the next 6 months to meet NASDAQ's standard....

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 7, 2014, Smith Micro Software, Inc. (the "Company") received a letter from the Nasdaq Stock Market LLC ("Nasdaq") which stated that, based upon the reported stockholders' equity of $9,610,000 disclosed in the Company's Form 10-Q for the period ended June 30, 2014, the Company no longer meets the requirement set forth in Nasdaq Rule 5450(b)(1)(A), which requires companies listed on the Nasdaq Global Select Market to maintain a minimum of $10,000,000 in stockholders' equity for continued listing (the "Minimum Stockholders' Equity Rule").

In accordance with Nasdaq's Rules, the Company has been provided with a period of 45 calendar days to submit a plan to regain compliance. If the Company's plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the letter, or until February 3, 2015, to regain compliance with the Minimum Stockholders' Equity Rule. The Company intends to submit a plan to Nasdaq within such 45 day period and is currently considering available options to regain compliance with the Minimum Stockholders' Equity Rule as promptly as possible. The Company will also have the option to file a transfer application to list the Company's securities on the Nasdaq Capital Market

Quote - total bummer.  they gotta push their cloud stuff, if they got any.  cloud is where it's at.  e.g. cloud version of poser, $50 per month.

Don't you go promoting short sighted rampant greed.  If they go subscription based I'll be back to Daz3D in a second.  Adobe and Lynda.com have lost mine and my companie's business because of this.  All subscriptions do is drive potential customers to the pirate sites.     

Lot of big and famous companies in the same boat. Radio Shack (RSH on NYSC) has been around forever. Talk is they run out of cash in Q4. Stock is at 65 cents. They were a customer up until about 6 months ago.

Lots of companies still have not recoved from 2007-2008 meltdown.

Lot of people still have not recovered either.

Go Cloud, and you are a dead fish.

Cloud is vaporware.

Someones wet dream solution for a problem that does not exist.

"Go Cloud, and you are a dead fish.

Cloud is vaporware.

Someones wet dream solution for a problem that does not exist.

Quoted for agreement^^

but alas it will be pushed onto the sheeple nevertheless taking ownership of our creative tools out of our hands and making us all "renters"  replete with forced upgrades and all
The gluten free hipsters will accept yet another
shackle  of enslavement to 24/7
tethering to the web.

I fear the Day when not being connected to the web at all times will almost be considered a "crime"
or least "evidence" that you are
trying to "hide"something

Employers are already refusing to even consider applicants who dont have a viewable "social media presence...

but I digress...sorry....yeah SM is in quite a rough patch .

I want Max or Maya for $75 a month ,Got a link ?
I can only find Autodesk $185.00 a month.

Sorry folks but the cloud is here to stay, and every month more and more software moves to it. I'm sure it's just a matter of time before Poser and DS move to it as well. It may be a couple years out yet but it will happen. 

Avoiding it is fine for the hobbyist but for professionals, they really have no choice. You have to use Adobe (photoshop, after effects, etc) to be considered a valid cg artist in most studios, and where are those programs located now? Same with autodesk and many other pro bundles. 

There are positive sides to it tho. It makes the pro apps that are required by various studios easier to afford for the indie/freelance artists that work for those studios (because many studios don't hire in-house artists, they shop it out to the lowest bidder first). A $5000 price tag leaves a lot of freelancers like myself out, while a $100 monthly sub is much more affordable.

Not a lot anyone can do about it. I mean, you can boycott, but there won't be enough people doing that for the big dogs like autodesk or adobe to even notice or care so you're only hurting yourself. But the studios and bigger artists that require those apps to keep themselves in business don't have much of a choice. As a freelancer you have to use the software that the studio or client you're working for requires, and most of them require autodesk or adobe. 

It will be the end of Poser & DS if they do.

You can still buy Max straight out or monthly or quarterly or annually.

DAZ ,Renderositys prime is something like a cloud thing in a way.

Wounder who's next Poser owner will be ?
Isn't eFrontier still Japans Poser ?
Will the west version go back to eFrontier ?

Really need a Link to $75.00 a month Max or Maya ?

Like the majority here, I will drop both Poser and DS or indeed anything else that goes the subscription route.  Unless of course they use a fair subscription system like Unreal do where you get to keep your current licence even if you opt out.  Without that, they can dream on, in fact any company that follows suit is indeed dreaming because all it will do is open the market for someone else to jump in and claim all that cash from those who will never pay subscriptions.

As for cloud-based computing, never in a million years, although I'm guessing everyone tied to Apple and Microsoft OS's will be forced into it eventually.  Lucky for me, I've been learning to use GNU/Linux so I'm ready to put a final finger up to all this subscription and cloud-based bullsh*t at the click of a button.

It's only a problem for those that don't learn to use GNU/Linux.
So like I said, not a problem for me :biggrin:

@ Pumeco

WRITE IT DOWN.

Hammer it in STONE.

Burn it on the WALL.

We agree on something.
LOL.

I know a lot of companies, organisations, individuals, and certainly hobby guys and gals that will NEVER put their production PC's/Mac's on the net.
Most have some low end machines to go "smurfing" the net and downloading upgrades.
But the production or hobby machines?
NEVER.

Whenever I read the word "CLOUD" , I can only think that the big boys like Microsoft, Apple and the gang, WANT hackers to become more and more active.

In the end they will obtain exactly the opposite of what their initial goal was.

In my particular region, the "cloud gang" became so agressive that most local companies went "open source". Done and over with the vaporware.

A cloud is to make rain, and snow.

Too bloody right we agree

Cloud-based computing has to be the single largest disaster waiting to happen in the history of computing.  It's not a case of will your data get into the hands of hackers, it's when will your data get into the hands of hackers.

The only way to ensure it doesn't is to not put it there in the first place.  The locals you speak of have the right idea, it's the only way to be.

Cloud-only would be the death of Poser in terms of its user base. Guaranteed.

I'm a professional web site developer and do all sorts of graphic design and typesetting, and even I have held out on the cloud for Adobe. CS6 will do me fine for several more years. I know others in similar position.

And if that's the case with Adobe's users, it's far moreso for Poser, where I suggest 99% of buyers are hobbyists or people with the occasional paid render at best. A very small fraction is going to be willing to pay a monthly fee, unless it's $5 a month .... and that would make SM less money on Poser than they make now.

The Cloud and a particular payment method (subscription) are two different things.

Quote - Really need a Link to $75.00 a month Max or Maya ?

Sorry, I think it's around $120 now. $75 was probably a promo price from a while back. Maya LT is still $30 on Steam, which is plenty for what most hobbyist/am-pros would need, at least starting out. 

............." As a freelancer you have to use the software that the studio or client you're working for requires, and most of them require autodesk or adobe. "

Well that depends on what kind of clients you service and the final delivery formats they require.

You are correct, of course, that many freelancers will have no choice but to have the latest builds
of the industry standard apps and that means going "cloud".

I  for one ,am a "CG generalist"who only submits my finished work to clients in some final delivery format (HD video footage of an animation or hi res print resolution PDF's of 2D graphic design layouts)

wether I used  the latest "cloud" version of Adobe CS,Autodesk MAX, or Cinema4D for the animation or 2D graphic is never even known to my freelance clients.

I never deliver Native scene files (.c4d, .PZ3.AI)
and my clients never request them as they are mostly laypeople who do not own nor have expertise in any of these CG apps themselves anyway.

Additionally I never involve myself in
Collaborative projects with studios that demand I have the same updated version of the apps as they do so we can exchange scene files etc., that is just not my market.

LT is $30.00 at autodesk also.
but I'll half to see if it has what all I need.
and there's so many new toys out there I want.
If I had my way about it ,I'd get them all.:)
but Half to justify my wants with needs.
It's a cruel world ;)

Isn't Marvelous Designer subscription based?

Quote - Isn't Marvelous Designer subscription based?

You can still buy what they call a perpetual license which is the same as buying it outright.

As far as the cloud thing goes, it is here to stay. But what, and when it is used for is interesting.

Could servers are very cost effective for manipulating huge amounts of data that does not change constantly, or get massive changes at once.

Rendering on the cloud can cause issues. Yes there are render farms, but they are not the same as a cloud based service. Render Farms have a fixed number of threads that can be processed at once. If you get enough people rendering at once, the server will get backed up. Clouds work a little differently, and can raise the thread count needed to perform something, even if it has to use threads on another server in the stack to do so.

Microsofts Azure Clouds recently ran into an issue when doing this, and crashed. It wasn't down long, but took about a week for everything to work right again. If your a business, can you afford to have all your employee's sit there for a week waiting for it to work? Probably not.

You could have all the rendering done on the client computer, but that could make for a lot of network traffic back and forth. This is the next hurdle. How do you get that much information back and forth. Lots of people have internet, very few have fast internet. Many isp's claim that their connections are fast, but only for a short period. If you continue to transmit or recieve information it is purposely slowed down. Even if you have 100 meg a sec business class, it gets nerfed on huge transfers. There is no guarentee the other end can even do 100 meg a sec either.

Is the cloud good for some things? Yes, without a doubt. Other things will never be on the cloud.

Is the cloud reliable? Actually it is, to a point. But far more things can cause it to go down than a local system.

What do you do when it is down? Simple answer, wait till it comes back up unless the program keeps local backups and will function without the cloud (very rare, because it defeats the clouds purpose to begin with). There is also the issue of what you can and can't put on a cloud, law wise.

Imagine trying to open your favorite program, and http 404 NOT FOUND or UNABLE TO CONNECT TO SERVICE pops up... That has been happening a lot latley with many cloud based services. When this does happen, it can also be a cascading effect when other things that use or rely it stop as well.

There are also hacker groups like Dragonfly, that have turned their attention to attacking clouds... Which is not good since they are considered to be the best hacker group in the world. So good, they are not really sure where they are even located.

There is a lot to be gained from Clouds, and a lot to be lost as well. Clouds are the next double edged sword in computing. It isn't new either, just rebranded so you think it is. Ask your MAC card if it is new.

There are a few issues here that may be related but easily confused.  I am not against subscriptions but that is different from the cloud.  I have a subscription for Vue Studio which allows me the next update of the program but I still get a local copy.  It saves me money and avoids having to find large lump sums when there is a new release which is often at time when my finances are low.  I have no real issue with that.

Paying for a subscription for Intenet access to a program is a complete no-no in my book and if any of my software goes that way, including Poser, I will be opting out.

I do use the cloud as a way of giving other people access to my photographs and the like but I am careful about the photographs and personal information that is available (hence my aversion to FarceBook and Twatter).  Finally I always make sure nothing is placed on the web that I do not have a local copy of.  Defeats the idea of the cloud for many but I am only really using it as a transfer service.

"What do you do when it is down? Simple answer, wait till it comes back up unless the program keeps local backups and will function without the cloud (very rare, because it defeats the clouds purpose to begin with). There is also the issue of what you can and can't put on a cloud, law wise.

Imagine trying to open your favorite program, and http 404 NOT FOUND or UNABLE TO CONNECT TO SERVICE pops up... That has been happening a lot latley with many cloud based services. When this does happen, it can also be a cascading effect when other things that use or rely it stop as well."

Indeed, now imagine Weta Digital (Avatar) or Industrial Light&Magic with their $$50 million$$$ dollar VFX contracts
having to deliver some approved hi res Finals to the marketing agency that is doing the Superbowl  trailer for some huge film release.

and they cant access their "cloud only" version of SideFX Houdini to render the shot.

I am not some luddite, its just that I will become a "believer" in the promise of the cloud only when super stable high capacity broadband becomes as ubiquitous& AFFORDABLE, in the average persons life, as tap water or electricity itself.

Quote - Go Cloud, and you are a dead fish.

Cloud is vaporware.

Someones wet dream solution for a problem that does not exist.

A problem DOES exist: the need for quarter after quarter profit increases to create value for corporate shareholders. We could have a discussion about the longterm viability of capitolism but this is probably not the proper forum.

Something to think about: Vinyl records were replaced by CD, now people are talking about how great vinyl records are. Apple's iOS had 3D shadowed icons, everybody thought it was great. Now they have flat icons, everybody thinks it's great. In the 70s polyester was the latest thing, 40 years later cotten, silk and other natural materials are the stuff of fine garments. I doubt we'll ever see those shiny, plasticy jumpsuits they used to put in those old sci-fi movies.

I'll put on my rose colored glasses long enough to predict once everything goes to the cloud some "innovator" will come out with shrinkwrapped software and everybody will think it's "great!"

Not sure how many people think Vinyl was great, the only time I use it is to convert the music to MP3.

Rarely used polyester, even in the seventies but then I have very little that is silk today.

As to Apple, never had an Apple product, never will so I don't know. 

I grew up with vinyl and it was never "great". It melted, warped, scratched, popped, clicked hissed and cracked. Sometimes it just broke. As a DJ I helped usher in the CD and I loved it. Doesn't mean that you can't be nostalgic about vinyl, but it was never great. It was a means to an end.

I see clouds in the sky.

Soon it will start to rain.

When the rain stops?

The cloud is gone.

Some wet dreamers see everything in the cloud in 5 years.

And in 10 years as smart guy will come and say;

" Hey I invented a little box".
" You can take parts of the cloud and put it in this little box".
" And put this little box in a laptop".
" You can carry your data right in your own device".
" I think I"ll call it a Hard Disk."

Ha-ha-ha-, this might be something for the Dagons den.
I know at least 2 of the Dens are heavy in the cloud business.
LOL

Would love to see that discussion.... LOL.

Hey Dens, I invented a little box that makes your cloud obsolete.

LOL.

The game is afoot!  Something is going on at SMSI. 

On Wednesday, some investor group cut a deal to buy 6.8 million shares of SMSI at $0.816, in a private placement deal, -- and the over-the-counter price jumped back to $1.00 by Friday, -- making them a million bucks before the deal was even closed.

To see the summary of the SEC filing, search:

Smith Micro Software, Inc. (the "Company") entered into a common stock purchase agreement

Quote - The game is afoot!  Something is going on at SMSI. 

On Wednesday, some investor group cut a deal to buy 6.8 million shares of SMSI at $0.816, in a private placement deal, -- and the over-the-counter price jumped back to $1.00 by Friday, -- making them a million bucks before the deal was even closed.

 

To see the summary of the SEC filing, search:

Smith Micro Software, Inc. (the "Company") entered into a common stock purchase agreement

Ah ,can ya translate to understandable english ?

is it good or bad for Poser ?
Smith Micro still own Poser ?

Some as yet unnamed group has agreed to buy 17% of the company's outstanding stock.

Don't know who -- or why --  just yet, (aside from the fact that their show of confidence made them over a million bucks in less than 48 hours), but the traders found it to be an encouraging sign, as indicated by the resulting sudden leap in the OTC price per share.

(I'm no investment mogul, so dat bees about all I dun gots from the filing & press release.)

Vinyl is both a physical and analogue format, superior to digital in both respects, and that's why it'll survive CD, SACD, or any other digital format.  Vinyl never went away, it was only discarded by those who must have the latest plaything (a lot of those people are now regretting it and returning to real Analogue audio on Vinyl) - so Vinyl lives on - and it is now picking up pace yet again.

The sales and model releases of brand new Turntables are on the up, and the sheer amount of weekly new releases on Vinyl is further proof of the trend.  On the DJ scene, some venues (usually the the really classy ones) won't let you anywhere near the 'buseness end' of their venue unless you use real Vinyl.

Last but not least, Vinyl is sooooooooo much cooler than a digital rig as is demonstrated in the attached photo..  But yup, Vinyl is far superior to any CD out there, and those that can't tell or think it's the other way around, really should invest in better quality audio gear.

Quote -

Vinyl is both a physical and analogue format, superior to digital in both respects, and that's why it'll survive CD, SACD, or any other digital format.  Vinyl never went away, it was only discarded by those who must have the latest plaything (a lot of those people are now regretting it and returning to real Analogue audio on Vinyl) - so Vinyl lives on - and it is now picking up pace yet again.

The sales and model releases of brand new Turntables are on the up, and the sheer amount of weekly new releases on Vinyl is further proof of the trend.  On the DJ scene, some venues (usually the the really classy ones) won't let you anywhere near the 'buseness end' of their venue unless you use real Vinyl.

Last but not least, Vinyl is sooooooooo much cooler than a digital rig as is demonstrated in the attached photo..  But yup, Vinyl is far superior to any CD out there, and those that can't tell or think it's the other way around, really should invest in better quality audio gear.

I don't think vinyl will not catch on beyond the afficiando and hobbyist groups due to the portability of the digital formats. Vinyl requires storage space; with many storefronts closed due to digital downloading and CDs, you'll only find vinyl in specialty shops which are out of the way and out of the reach of the masses. DJs may use vinyl in their mixing at home, but they won't go to any clubs with it, because most of the larger clubs don't have vinyl mixers, they have CD turntables. It's doubtful those clubs you describe have on Vinyl turntables, because you only have to think about guest DJs showing up with boxes of albums instead of a binder of CDs (and the better ones have their macbooks loaded with DJ software) to see that argument doesn't make sense.

Several of my friends are club DJs and attend the various music conferences and no one is carrying boxes of vinyl albums with them, but they certainly have their CD binders with them ready in case they're asked to hit the turntables.

The big music retailers on the street also plan to start stocking Vinyl once again (no doubt to fight back against iTunes etc).  The people who aren't aware of this stuff going on around them are usually Apple users, all tucked-up nicely under Apple's supervision.  For the rest of us, proper audio is still available and in physical form and is gaining a foothold again.

Just The Beginning - Click For Over 100.000 Albums And Counting

Vinyl will survive every music format you know of right now.  Not only will it survive every digital format in existence, it will survive those that push it.  Vinyl will still be around when Apple, Google, and Microsoft are long dead and buried - that you can be sure of

Anyway, don't get me started, I could go on about this stuff for hours so I'd better shut-up before I get the blame for the OT.

**
Oh, one last thing:
Click For Fun, Hotness, And Education**

I have both a Denon and elderly Systemdek turntables they are connected to a Bose system in my office.  In the bedroom I have a sound-around cinema system that, while not top of the range system, is slightly above the normal stuff you would get from the likes of the local H-Fi shop and is based around an aging Yamaha DSP-AX1 connected to a front left, right, centre, back left, right and centre speakers plus two front fill-ins..   The speaker set up in completed massive sub woofer.  The equipment includes a SACD player and CD player, along with DVD players and a DVD recorder, there is even a video player.

Yet the only time I use the turntables is to digitise vinyl.   I then have to use software to remove the clicks, bangs and noises created by the needle having physical contat with a moving slab of plastic.  The only thing I feel listening to vinyl is disappointment.

The chance of me returning to vinyl has about the same chance as me creating  an iTunes library and I have never been to iTunes in my life. 

Of course you will be able to sell vinyl to customers, just look at what dubious comodities you can buy on ebay and the like, it doesn't however mean it is, or will be mainstream.

Having said all that I guess I should appologise as it occurs to me this has nothing to do with NASDAQ, so if I post again it will back on track.

You all can fight over Vinyl vs mp3's & I'll take the girls :)

Quote - ...so if I post again it will back on track.

I hope you mean back on 8-track. :biggrin:

**
@Hornet**
Digital (therefore quantized) audio technology can never be as good as Pure Analogue audio technology.

@RorrKonn
See pic, have both :biggrin:

@Prixat
:lol:

Anyway, back on topic.
And before you ask, yes, I'm expecting Shane to thank me for telling you all to get back on topic!

Quote - And in 10 years as smart guy will come and say;

" Hey I invented a little box".
" You can take parts of the cloud and put it in this little box".
" And put this little box in a laptop".
" You can carry your data right in your own device".
" I think I"ll call it a Hard Disk."

Except that little box will be a grain of sand - most likely quartz - nanoteched so that everything you could possibly ever want or need in digital format can be stored on it, and implanted in your brain, linking us all to the cloud through our minds. 

Do some reading on transhumanism. It's really not science fiction anymore. Some call it "the mark of the beast". 

Agreed on all exept for the link to the cloud.
Where are my scissors. LOL.

The cloud certainly has its good points, but not for the idividual.

True Tony, but there may come a time in the not so distant future when we don't have a choice, in the name of "freedom" and "national security" depending on what laws get passed and who is making them.

But that's a discussion for a different time I suppose.

Quote - Do some reading on transhumanism. It's really not science fiction anymore. Some call it "the mark of the beast". 

666

I personally think there's no "may" about it because when the technology is there, they will use it.

As far as overbearing control, privacy and rights invasion goes, it's already way out of control and needs dealing with before it's too late.  The citizens of the world need to gang-up and take control before those in power take absolute control of us because like you said, this stuff really isn't science fiction anymore.

Wasn't that long ago I read the American Government wanted to make it "law" to implant every American citizen with a tracking device chip (no kidding).  I wouldn't be surprised if in the next five years, every American midwife has the role of implanting 'Citizen Tracking Chips' into every newborn as a matter of routine.

It's f'ing scary, disgusting stuff, and it must never be allowed to happen.

Quote -
I personally think there's no "may" about it because when the technology is there, they will use it.

As far as overbearing control, privacy and rights invasion goes, it's already way out of control and needs dealing with before it's too late.  The citizens of the world need to gang-up and take control before those in power take absolute control of us because like you said, this stuff really isn't science fiction anymore.

Wasn't that long ago I read the American Government wanted to make it "law" to implant every American citizen with a tracking device chip (no kidding).  I wouldn't be surprised if in the next five years, every American midwife has the role of implanting 'Citizen Tracking Chips' into every newborn as a matter of routine.

It's f'ing scary, disgusting stuff, and it must never be allowed to happen.

It is already here for many, it's called a smart phone and yet the there is no chance of Apple or Samsungs and the like share price dropping below a $1.  I can only assume such users are being tracked by choice then.