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The Company is a provider of interactive television and broadband solutions to hotels throughout the United States and Canada.
Bottom-line LodgeNet has always been defined as a pay-per-view provider. Meaning they sell movies to hotel guests. The lion's share of those buys have been adult content movies. Technology has eliminated this revenue stream for LNET. Hotel guests are traveling with portable media devices such as iPods, iPhones and other media devices that allow the guest to connect their own content to the hotel TV. Internet access which is free in many hotel chains allows the guest to access all the porn they want free of charge. So how is LNET going to win the war against technology? My guess is that they will loose. They just continue to capture poorly informed investors with promises of new fangled solutions that won't sell in this economic climate. End result is that "the emperor has no clothes"!
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