Gowex goes bust; CEO admits faking financials; timeline of Gowex demise

gowex

Only five days after Gotham City Research published a report accusing Gowex of misleading investors, Gowex’s management has filed for bankruptcy protection in Spain. The company’s CEO, Jenaro Garcia, resigned and admitted that he had been publishing false financial accounts for at least four years. For those of you who are not familiar with Gowex, […]

Gowex shares plunge on allegations of inflated revenue

gowex

Just a day after I posted an article questioning the spectacular rise in the share price of Gowex, its shares plunged as much as 58 percent today after Gotham City Research LLC released a detailed report on the company, stating that over 90 percent of Gowex’s reported revenues are a fantasy. In fact, Gotham City […]

Ubiquiti, Gowex hottest stocks in Wi-Fi space: can it continue?

UBNT RKUS GOWEX

Check out the 1-year stock price movements of the following companies in the Wi-Fi space: Ubiquiti (UBNT), Gowex (BME:GOW), Ruckus Wireless (RKUS), Aruba (ARUN) and Boingo Networks (WIFI). Gowex and Ubiquiti outperform Boingo, Ruckus and Aruba by a huge margin. Ubiquiti makes wireless equipment, like Ruckus and Aruba (albeit Aruba focuses on the enterprise). But […]

NYC free citywide WiFi project pre-conference Q&A: attendees and city’s responses

new york free citywide wifi

The New York City Department of Information Technology & Telecommunications (DoITT) held a pre-proposal conference on 12 May 2014 concerning the city’s free citywide WiFi project — the RFP for a franchise to install Public Communications Structures (Wi-Fi pay phones) for the boroughs of the Bronx, Brooklyn, Manhattan, Queens and Staten Island. The questions submitted […]

Check out who is using Towerstream’s Wi-Fi network in Manhattan: Gowex among others

gowex towerstream nyc

This is a screenshot showing the different Wi-Fi operators who are using Towerstream’s wholesale Wi-Fi network in New York City. Note that Gowex is one of those companies. Another is Blis NY WiFi. The advantage of piggybacking on someone else’s network is you don’t have to incur huge capital expenditures to build your own. I […]