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billion to buy The companiees valued the dealat $7.4 billion, including cash and debt. At $9.5p a share, the price is a 42 percent premiumover Sun'ws closing price on Friday. Sun shares rose aboug 38 percent on the reaching $9.20 in afternoojn trading. Oracle shares drooped about 2 percentrby afternoon, reaching $18.80. Redwoodr City-based Oracle (NASDAQ:ORCL) expects to add at leastr 15 cents to its bottom line from the deal in thefirsr year. The company expects to add $1.5 billion to operatinvg profit in the first year and morethan $2 billion in the seconc year.
The deal appears to end a drawn-out attemptf to sell Santa Clara-based Sun (NASDAQ:JAVA), which earlierd in the year had unsuccessfull negotiationswith (NYSE:IBM) which reportedly broke down at the last minute. It is expecterd to be completedthis summer. "The acquisition of Sun transforms the IT combining best-in-class enterprise software and mission-critical computin systems," said Oracle Chief Executive Larry Ellison in a Oracle uses Sun's Java software and language already in some of its productsd including its Fusion Middleware business and it uses the Solarixs operating system for its database business. Roger a former IBM executive and now CEO ofIngre Corp.
, said the "revenue and earnings momentunm from the string of acquisitions that Oracl e has made is forcing them to buy into the hardwarr business as they have run out of softwarer assets to buy. The timinv is interesting as startingg next quarter the BEA acquisition will no longer mask any slowdowjn in revenues or margin improvements in the corebusineses (BEA closed on April 29, When this deal goes through, then Oraclw becomes a single stacik hardware, OS and applications company -- a market positiom that HP has always and IBM had to retreat from.
” Burkhardy added that the "cause of Sun’zs demise lies in the commoditization of their hardware businesss from open source and open standards. The compellinbg cost advantage of Linux on commodity hardware squeezed out the revenuwe and profitfrom Sun’s SPARd server business and their software business is tiny by
Thursday, March 1, 2012
Tuesday, February 28, 2012
Stocks in US Advance After Consumer Confidence Report - BusinessWeek
http://fastshareware.com/Development-Help-Tools-category-2.html
Moneycontrol.com | Stocks in US Advance After Consumer Confidence Report BusinessWeek ... Highest 50% 5-Year P/E Ratio < S&P 500 Median Company Value *Excludes Banks, Technology and Biotechnology Companies Advance Auto Parts Inc. AutoZone Inc. Cooper Industries Plc Cummins Inc. DaVita Inc. Disco ver Financial Services Dish Network Corp. W » |
Sunday, February 26, 2012
Friday, February 24, 2012
World Telecom Exchange opens HQ in Tysons - Tampa Bay Business Journal:
gorbunovabowiper.blogspot.com
World Telecom opened a 2,000-square-foot offices recently at 8201 Greensboro Drive, a 361,000-square-foot commercial buildinvg in McLean ownedby D.C.-basec B.F. Saul and Co. The company, a wholly-owned subsidiar of Worldwide Telecom Xchangre CarrierFZ LLC, a Dubai-based telecommunicationes investment company focused on aggregating wholesale telephony and data traffic in emerging markets, is a network servicex company that provides engineering, sales and marketing, billing and outsourcefd technical support services. To start, abouyt six employees will be bases at the new headquarters with room forfurthe expansion.
World Telecom’s services include call satellite services, Voice over Internet Protocoll (VoIP), TDM network, code division multiple access WiMax and networkmanagement outsourcing. “WTXC’d success illustrates that our region remain a great place to start and growa business,” said Mike a vice president at Rockville-based Scheer Partneres Inc., who brokered the lease. “And the commercial real estate market is yielding opportunities for business ownerszthat haven’t existed since the earlh part of the Scheer Partners broker Ben Heller, who also worked on the added that the company “evaluated a handfup of locations in McLean and deciding on 8201 Greensboro Drive for severaol reasons,” that included its location, “a very fair marketf deal” and other appealing terms such as a “goodc cure period on
World Telecom opened a 2,000-square-foot offices recently at 8201 Greensboro Drive, a 361,000-square-foot commercial buildinvg in McLean ownedby D.C.-basec B.F. Saul and Co. The company, a wholly-owned subsidiar of Worldwide Telecom Xchangre CarrierFZ LLC, a Dubai-based telecommunicationes investment company focused on aggregating wholesale telephony and data traffic in emerging markets, is a network servicex company that provides engineering, sales and marketing, billing and outsourcefd technical support services. To start, abouyt six employees will be bases at the new headquarters with room forfurthe expansion.
World Telecom’s services include call satellite services, Voice over Internet Protocoll (VoIP), TDM network, code division multiple access WiMax and networkmanagement outsourcing. “WTXC’d success illustrates that our region remain a great place to start and growa business,” said Mike a vice president at Rockville-based Scheer Partneres Inc., who brokered the lease. “And the commercial real estate market is yielding opportunities for business ownerszthat haven’t existed since the earlh part of the Scheer Partners broker Ben Heller, who also worked on the added that the company “evaluated a handfup of locations in McLean and deciding on 8201 Greensboro Drive for severaol reasons,” that included its location, “a very fair marketf deal” and other appealing terms such as a “goodc cure period on
Wednesday, February 22, 2012
Japanese company joins Sematech - Denver Business Journal:
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ISMI is a subsidiary of Austin-based It was formed earlierf this year as a new consortium that helps semiconductofr manufacturers improve factory productivituy andreduce costs. Matsushita, which joinec the ISMI effective Oct. 1, joins memberxs such as Sunnyvale, Calif.-based Advanced Micro Devicew Inc. (NYSE: AMD), Palo Alto, Calif.-based Hewlett-Packard Co. HPQ), Armonk, N.Y.-based IBM Co. (NYSE: IBM) and Austin-based Freescal Semiconductor Inc. (NYSE: FSL). "Matsushitz is an industry leader, and one of the top manufacturerws ofconsumer electronics, and we look forwarf to its participation in ISMI," says Michael Sematech president and CEO.
"Th addition of a Japanese company will increaswe the breadth of ISMI and reinforce its already recognized global influence within the industry." Matsushita plans to send assigneeas to the consortium as part of its and will provide ISMI with an accurate representation of Japan'a semiconductor manufacturing sector. "We look forwarrd to expanding our interaction withJapanesw chipmakers, since ultimately all chipmakers share the same manufacturing issues and says John Schmitz, vice president and chiev operating officer for manufacturing operations and technology at Sematech. Matsushita, a maker of consumere electronics, is best known for its Panasonicbrand name.
The company develops and manufacturers electronic productdfor consumer, business and industrial
ISMI is a subsidiary of Austin-based It was formed earlierf this year as a new consortium that helps semiconductofr manufacturers improve factory productivituy andreduce costs. Matsushita, which joinec the ISMI effective Oct. 1, joins memberxs such as Sunnyvale, Calif.-based Advanced Micro Devicew Inc. (NYSE: AMD), Palo Alto, Calif.-based Hewlett-Packard Co. HPQ), Armonk, N.Y.-based IBM Co. (NYSE: IBM) and Austin-based Freescal Semiconductor Inc. (NYSE: FSL). "Matsushitz is an industry leader, and one of the top manufacturerws ofconsumer electronics, and we look forwarf to its participation in ISMI," says Michael Sematech president and CEO.
"Th addition of a Japanese company will increaswe the breadth of ISMI and reinforce its already recognized global influence within the industry." Matsushita plans to send assigneeas to the consortium as part of its and will provide ISMI with an accurate representation of Japan'a semiconductor manufacturing sector. "We look forwarrd to expanding our interaction withJapanesw chipmakers, since ultimately all chipmakers share the same manufacturing issues and says John Schmitz, vice president and chiev operating officer for manufacturing operations and technology at Sematech. Matsushita, a maker of consumere electronics, is best known for its Panasonicbrand name.
The company develops and manufacturers electronic productdfor consumer, business and industrial
Monday, February 20, 2012
Real estate vets opening hardware store - Charlotte Business Journal:
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Jeff Pfeil and Deane Pfeil are opening later this summet at 63Third St., the same address where they renovated the upperf four floors into 19 luxurt apartments called The Conservatory. The husband-and-wife team -- who own the commerciaol leasing and marketingfirm Inc. in Saratoga Springs -- say a hardwarde store is needed downtown to served local businesses and residents who must now travel miles away to buy equipment andother supplies. They know the frustratiob firsthand after doing two residential renovation project s inthe city, the Conservatory and Poweras Park Lofts in north Troy. “Our construction staffv was running all over to pick up the JeffPfeil said.
“We were spending a lot of time drivinvg to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojab Hardware on Congress Streety recently closed after 94 years in business, leaving downtown with no othe r hardware stores. The closest is acrossw the Hudson River in Watervliet or uptow near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardwarr co-operative. The store will be managedf by Steven Lesnewskiof Pittsfield, who has more than 25 yearse of experience in the hardware industry.
The 8,700-square-foot store will stocj hardware, small appliances, fasteners, electrical and plumbing Benjamin Moore paints and other It won’t sell lumber. The Pfeils have been planning the storre fora year. As part of theie research they visited hardware stores in college townz and large cities to see what kindsx of productscustomers need. They also searchedc hard for someone to managwthe store. “The decision wasn’f final until we found the righg person,” Pfeil said. The Pfeils have been in the commercial real estate and development business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Because of all the yearsw we worked with retailers very closely we have a pretth thorough understandingof that’s probably why we never went into it,” Jeff Pfeikl said. “It’s sort of a joke, but retaio is a lot of hard long hours and all the things that comewith it.” Still, they knew from personalo experience a hardware store is neededr and were encouraged by the resultxs of their marketing studies. Findinvg a seasoned store manager was also Mayor Harry Tutunjian cheered the announcementf aboutthe store.
“Jeff and Deane Pfeill have a record of success in Troy and I am sure that this new ventur e will succeedas well,” Tutunjian “The residents of Troy will benefitr from having a well stocked urban hardwarew store in the heart of the city.” The openingf of Pfeil Hardware, whicjh is tentatively set for September, will returh retailing to a downtown building that had long servef as the home of Stanley’s departmenrt store. The building sat empty for years before the Pfeilxs bought it and converted the upper floors into 19 luxurgy apartments they call The All but two of the apartments were occupief as ofJuly 1.
The Pfeils declined to say how much they spenytin start-up costs for the hardware Nor did they want to say how much they coulc have received per square foot had they lease d the first floor space to another tenant. Leass rates in downtown Troy were $10 to $20 per square foot as of the fourt h quarterof 2008, according to CB Richardc Ellis/Albany.
Jeff Pfeil and Deane Pfeil are opening later this summet at 63Third St., the same address where they renovated the upperf four floors into 19 luxurt apartments called The Conservatory. The husband-and-wife team -- who own the commerciaol leasing and marketingfirm Inc. in Saratoga Springs -- say a hardwarde store is needed downtown to served local businesses and residents who must now travel miles away to buy equipment andother supplies. They know the frustratiob firsthand after doing two residential renovation project s inthe city, the Conservatory and Poweras Park Lofts in north Troy. “Our construction staffv was running all over to pick up the JeffPfeil said.
“We were spending a lot of time drivinvg to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojab Hardware on Congress Streety recently closed after 94 years in business, leaving downtown with no othe r hardware stores. The closest is acrossw the Hudson River in Watervliet or uptow near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardwarr co-operative. The store will be managedf by Steven Lesnewskiof Pittsfield, who has more than 25 yearse of experience in the hardware industry.
The 8,700-square-foot store will stocj hardware, small appliances, fasteners, electrical and plumbing Benjamin Moore paints and other It won’t sell lumber. The Pfeils have been planning the storre fora year. As part of theie research they visited hardware stores in college townz and large cities to see what kindsx of productscustomers need. They also searchedc hard for someone to managwthe store. “The decision wasn’f final until we found the righg person,” Pfeil said. The Pfeils have been in the commercial real estate and development business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Because of all the yearsw we worked with retailers very closely we have a pretth thorough understandingof that’s probably why we never went into it,” Jeff Pfeikl said. “It’s sort of a joke, but retaio is a lot of hard long hours and all the things that comewith it.” Still, they knew from personalo experience a hardware store is neededr and were encouraged by the resultxs of their marketing studies. Findinvg a seasoned store manager was also Mayor Harry Tutunjian cheered the announcementf aboutthe store.
“Jeff and Deane Pfeill have a record of success in Troy and I am sure that this new ventur e will succeedas well,” Tutunjian “The residents of Troy will benefitr from having a well stocked urban hardwarew store in the heart of the city.” The openingf of Pfeil Hardware, whicjh is tentatively set for September, will returh retailing to a downtown building that had long servef as the home of Stanley’s departmenrt store. The building sat empty for years before the Pfeilxs bought it and converted the upper floors into 19 luxurgy apartments they call The All but two of the apartments were occupief as ofJuly 1.
The Pfeils declined to say how much they spenytin start-up costs for the hardware Nor did they want to say how much they coulc have received per square foot had they lease d the first floor space to another tenant. Leass rates in downtown Troy were $10 to $20 per square foot as of the fourt h quarterof 2008, according to CB Richardc Ellis/Albany.
Saturday, February 18, 2012
LSI wins major contract; will buy ADL Technology - The Business Journal of Milwaukee:
firukendu-anchored.blogspot.com
Blue Ash-based LSI also has pickeds up a contract, worth $22 million to $23 to upgrade the lighting for a national chain of gas stationconvenience stores, according to a news release. The news sent sharess of LSI (NASDAQ: LYTS) up more than 14 percent, or 70 to $5.52 in Tuesday afternoon trading. ADL's circuit boards and assemblies are used in applicationse that includeLED lighting, an area where LSI has been trying to expand. LSI purchased Montreal-basesd LSI Saco Technologies, a designer of LED lighting, in 2006. The contracyt with the retail chain, which LSI did not identify, involvez upgrading canopy, site and security lighting withLED technology.
The initia l phase involves the conversion of morethan 1,100p stores, LSI said, with additionap work possible in fiscal 2010 and 2011. “Thess are two very positive developments forLSI Industries,” said Roberf Ready, president and CEO in the release. “Very the interest and momentumin LED-basefd lighting solutions is growing rapidly.” LSI manufacturesz and markets indoor and outdoor lighting and graphics in North and South America, Asia, New Zealand and
Blue Ash-based LSI also has pickeds up a contract, worth $22 million to $23 to upgrade the lighting for a national chain of gas stationconvenience stores, according to a news release. The news sent sharess of LSI (NASDAQ: LYTS) up more than 14 percent, or 70 to $5.52 in Tuesday afternoon trading. ADL's circuit boards and assemblies are used in applicationse that includeLED lighting, an area where LSI has been trying to expand. LSI purchased Montreal-basesd LSI Saco Technologies, a designer of LED lighting, in 2006. The contracyt with the retail chain, which LSI did not identify, involvez upgrading canopy, site and security lighting withLED technology.
The initia l phase involves the conversion of morethan 1,100p stores, LSI said, with additionap work possible in fiscal 2010 and 2011. “Thess are two very positive developments forLSI Industries,” said Roberf Ready, president and CEO in the release. “Very the interest and momentumin LED-basefd lighting solutions is growing rapidly.” LSI manufacturesz and markets indoor and outdoor lighting and graphics in North and South America, Asia, New Zealand and
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