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Prospector
Profile
111-02
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| LodgeNet Entertainment Corporation |
NAICS |
517410 |
| 3900 West Innovation Street
Sioux Falls, SD 57107 |
Description |
Internet Service Providers |
| (605) 988-1000 |
Employees |
803 |
| http://www.lodgenet.com/ |
Revenue |
(mil) |
288.2100 |
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Income |
(mil) |
1.8400 |
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Assets |
(mil) |
263.2100 |
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Liability |
(mil) |
321.3300 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
LodgeNet Entertainment Corporation reported a net loss of $11,400,000 on total revenues of $142,609,000 for the third quarter ended Sept. 30, 2007, as compared to a net income of $2,184,000 on total revenues of $76,510,000 in 2006. The Company's consolidated balance sheet at Sept. 30, 2007, showed $709,400,000 in total assets and $727,400,000 in total liabilities, resulting in $18,000,000 total stockholders' deficit.
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Intellectual Property:
The Company currently holds 10 United States patents, and has other applications for patents pending, which pertain to various aspects of its interactive systems. It also licenses industry-related technology from third parties. The Company's interactive television system incorporates its scaleable broadband system architecture with commercially manufactured, off-the-shelf electronic and computer components and hardware. The system architecture utilizes a proprietary, two-way digital communications design to process and respond in real time to input commands from guests. In addition, it is continuing to develop and integrate technologies that enable the Company to deliver high-definition television (HDTV) and other digital content to hotels and their guests. [SEC Filing 10-K 03-13-07]
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Description:
LodgeNet Entertainment provides interactive television and broadband solutions to hotels in the U.S., Canada, and internationally. It provides interactive television services and high-speed Internet access.
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Officers:
Scott C. Petersen (Chair, Pres. & CEO); Gary H. Ritondaro (SVP & CFO); R. Douglas Bradbury (Dir.); Richard R. Hylland (Dir.); R. F. Leyendecker (Dir.); Vikki I. Pachera (Dir.); Scott H. Shlecter (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Securities:
Common Stock Symbol LNET; NasdaqGM; 22,951,025 common shares outstanding as of Nov. 6, 2007.
9.5% senior notes due June 15, 2013.
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