BYOD and GOGO two new popular acronyms in text and talk associated with air travel.
Most Airlines are ditching the seat-back screens and streaming in-flight entertainment and allowing customers to use the plane’s Wi-Fi network. Gogo (GOGO), one of the largest aviation Wi-Fi providers, pitches its MEDIA SERVER to airlines as a cost-saving measure, noting that the product adds “no more weight than a can of ginger ale” when installed. That’s far less than the combined weight of all those seat-back screens, and shedding valuable pounds is a major focus as airlines worry about long-term fuel prices.
Other news, Gogo and T-Mobile (TMUS) teamed up to offer text and voice mail in flight. Rumors are already swirling about GOGO as a possible takeover contender. Although, GOGO is still a new IPO, they've been in the in-flight mobile/wifi business for 20 years.
Chart Pattern: Ascending Cup and Handle with a target of $42.26, which is also the 1.272 Fibonacci extension from previous top to bottom. Also outlined possible resistance areas on the way up.
Most Airlines are ditching the seat-back screens and streaming in-flight entertainment and allowing customers to use the plane’s Wi-Fi network. Gogo (GOGO), one of the largest aviation Wi-Fi providers, pitches its MEDIA SERVER to airlines as a cost-saving measure, noting that the product adds “no more weight than a can of ginger ale” when installed. That’s far less than the combined weight of all those seat-back screens, and shedding valuable pounds is a major focus as airlines worry about long-term fuel prices.
Other news, Gogo and T-Mobile (TMUS) teamed up to offer text and voice mail in flight. Rumors are already swirling about GOGO as a possible takeover contender. Although, GOGO is still a new IPO, they've been in the in-flight mobile/wifi business for 20 years.
Chart Pattern: Ascending Cup and Handle with a target of $42.26, which is also the 1.272 Fibonacci extension from previous top to bottom. Also outlined possible resistance areas on the way up.