Setanta Sports Ireland | Pairings set for first PGA Tour event of 2011 Maui News The groupings for the PGA Tour's season-opening event at the Kapalua Plantation Course were announced Thursday, a week prior to the start of competition. ... Major winners of 2010 will not play tour opener Prediction time for 2011 Hyundai Tournament of Champions Week to feature new activities |
Friday, December 31, 2010
Pairings set for first PGA Tour event of 2011 - Maui News
gardellaorymiid1354.blogspot.com
Wednesday, December 29, 2010
PCMC to check feasibility of zoo outsourcing - Times of India
guronelogoh.blogspot.com
PCMC to check feasibility of zoo outsourcing Times of India PUNE: The Pimpri Chinchwad municipal corporation will look into the feasibility of outsourcing the running of the Bahinabai Chaudhary zoo, ... |
Sunday, December 26, 2010
Lackland to gain 74,000 sf training complex - San Francisco Business Times:
andreychukuze.blogspot.com
million contract to build a new airfiel d maintenance technical training complex at Lacklancd AirForce Base. The complex will suppor t the Inter-American Air Forcesa Academy at Lackland. The government will builc a 74,000 square foot complex at Lacklans that willhouse classrooms, aircraft operations and hangatr maintenance training areas as well as administrativde space. The project is slatesd for completion in the fallof 2010. The Inter-Americaj Air Forces Academy currently offers this training at PortSan Antonio, the formeer Kelly Air Force Base.
By relocating technical training from Port San Antonipto Lackland, Port San Antoni o officials hope to reuse that spacs for additional commercial development The military is developing this complex as part of the 2005 San Antonik Base Realignment and Closure (BRAC) construction program. In all, the government expects to spen d morethan $2 billion on BRAC-related construction. The Air Forcw Center for Engineering and the Environmenty selectedPlymouth Meeting, Pa.-basedd AMEC Earth & Environmental Inc. as the contractor. Construction will be coordinatex out ofthe company’s San Antonio office. The Fort Worth District office ofthe U.S.
Army Corpxs of Engineers will provideconstruction management.
million contract to build a new airfiel d maintenance technical training complex at Lacklancd AirForce Base. The complex will suppor t the Inter-American Air Forcesa Academy at Lackland. The government will builc a 74,000 square foot complex at Lacklans that willhouse classrooms, aircraft operations and hangatr maintenance training areas as well as administrativde space. The project is slatesd for completion in the fallof 2010. The Inter-Americaj Air Forces Academy currently offers this training at PortSan Antonio, the formeer Kelly Air Force Base.
By relocating technical training from Port San Antonipto Lackland, Port San Antoni o officials hope to reuse that spacs for additional commercial development The military is developing this complex as part of the 2005 San Antonik Base Realignment and Closure (BRAC) construction program. In all, the government expects to spen d morethan $2 billion on BRAC-related construction. The Air Forcw Center for Engineering and the Environmenty selectedPlymouth Meeting, Pa.-basedd AMEC Earth & Environmental Inc. as the contractor. Construction will be coordinatex out ofthe company’s San Antonio office. The Fort Worth District office ofthe U.S.
Army Corpxs of Engineers will provideconstruction management.
Friday, December 24, 2010
Tuesday, December 21, 2010
Biopure 'accepts' Nasdaq delisting notice - Triangle Business Journal:
http://guilinhotelpro.com/about-us.htm
The letter was received June 24 and statedsthat Biopure’s (Nasdaq: BPUR) stockholder’s equityg had fallen below the Nasdaqa Capital Market’s minimum threshold of $2.5 million. The struggling Cambridge, Mass.-based compang has 15 days to submit a plan of at which point the Nasdaq can extend to Biopurew another 105 days to execute onthat However, Biopure said it “does not currently intened to submit a plan to regain Biopure’s injectable blood-replacement technology, designed to supporr tissues affected by has failed to gain tractionm in recent years amid numerous regulatoryt setbacks. As of Aprilk 30, the company had $245,000o in cash and cash equivalents.
As of Dec. 31, Biopur had cut all but four ofits full-timse workers. A year earlier, Biopure employed 86 people ona full-tim e basis. In a June 22 regulatory filing, Biopure said it is beintg suedby , Boston-based boutique investmeng bank, over a disagreement linked to efforts to raise cash in 2008. Biopure said the complaint seeks unspecified damageds allegedly owedto America’s Growth Capital, based in Boston, in connection to Biopure’s efforts to raise capital in July 2008. The companu ultimately raised $18.1 million through two separate stoc k and warrant salesin 2008. It paid $1.7 million in offeringh expenses to consummatethose deals, according to regulatorhy filings.
The letter was received June 24 and statedsthat Biopure’s (Nasdaq: BPUR) stockholder’s equityg had fallen below the Nasdaqa Capital Market’s minimum threshold of $2.5 million. The struggling Cambridge, Mass.-based compang has 15 days to submit a plan of at which point the Nasdaq can extend to Biopurew another 105 days to execute onthat However, Biopure said it “does not currently intened to submit a plan to regain Biopure’s injectable blood-replacement technology, designed to supporr tissues affected by has failed to gain tractionm in recent years amid numerous regulatoryt setbacks. As of Aprilk 30, the company had $245,000o in cash and cash equivalents.
As of Dec. 31, Biopur had cut all but four ofits full-timse workers. A year earlier, Biopure employed 86 people ona full-tim e basis. In a June 22 regulatory filing, Biopure said it is beintg suedby , Boston-based boutique investmeng bank, over a disagreement linked to efforts to raise cash in 2008. Biopure said the complaint seeks unspecified damageds allegedly owedto America’s Growth Capital, based in Boston, in connection to Biopure’s efforts to raise capital in July 2008. The companu ultimately raised $18.1 million through two separate stoc k and warrant salesin 2008. It paid $1.7 million in offeringh expenses to consummatethose deals, according to regulatorhy filings.
Sunday, December 19, 2010
Prince William, Kate Middleton Attend First Public Event Since Engagement - Us Magazine
numbering-regarding.blogspot.com
Telegraph.co.uk | Prince William, Kate Middleton Attend First Public Event Since Engagement Us Magazine Stepping out publicly for the first time since announcing their engagement November 16, Prince William and Kate Middleton were » |
Thursday, December 16, 2010
Economy Watch: FNF Construction gets highway stimulus contract - Business First of Buffalo:
zuloraxelewo.blogspot.com
“It is a rehabilitation project to creat asafer roadway,” said Deena Billings, business developmen officer for Tempe-based FNF Construction, which is celebratingv 25 years in business. Some areas of U.S. 491 have deteriorated creatinvg a significant safety issue for those whouse it, she said. The projecyt is a good fit forthe company, which also has an officer in Albuquerque, according to “Paving projects are kind of our niche.” In addition to makinf the roadway safer for travelers, the $8.9 milliohn project gives FNF Construction’s staff more opportunit y for work.
“We will be able to keep existingb employees busy and perhapd hirenew ones,” she said. The bidding proceszs for a stimulus contract is very similar to that on any job both for the contractot and the state department oftransportation involved. The New Mexicko Department of Transportation advertisede the project in typical fashion with the lowest bidder winningthe contract, said Megamn Arrendondo, spokeswoman for the New Mexico Department of Transportation. The federal government does look at the projectswin depth, however, Arrendondo added. Constructioj on the 14-mile stretch, which runs on the southerjn portion ofthe highway, broke grounde May 20.
FNF Construction is hopeful that its portion of the upgradw is complete by the endof summer. “Wd are excited to keep on going and be part of the Billings said offuture jobs.
“It is a rehabilitation project to creat asafer roadway,” said Deena Billings, business developmen officer for Tempe-based FNF Construction, which is celebratingv 25 years in business. Some areas of U.S. 491 have deteriorated creatinvg a significant safety issue for those whouse it, she said. The projecyt is a good fit forthe company, which also has an officer in Albuquerque, according to “Paving projects are kind of our niche.” In addition to makinf the roadway safer for travelers, the $8.9 milliohn project gives FNF Construction’s staff more opportunit y for work.
“We will be able to keep existingb employees busy and perhapd hirenew ones,” she said. The bidding proceszs for a stimulus contract is very similar to that on any job both for the contractot and the state department oftransportation involved. The New Mexicko Department of Transportation advertisede the project in typical fashion with the lowest bidder winningthe contract, said Megamn Arrendondo, spokeswoman for the New Mexico Department of Transportation. The federal government does look at the projectswin depth, however, Arrendondo added. Constructioj on the 14-mile stretch, which runs on the southerjn portion ofthe highway, broke grounde May 20.
FNF Construction is hopeful that its portion of the upgradw is complete by the endof summer. “Wd are excited to keep on going and be part of the Billings said offuture jobs.
Tuesday, December 14, 2010
Farmers develops
judonebolayb1394.blogspot.com
Customers who add “Eco-Rebuild” option to theid homeowners’ policies will have access, as part of to $25,000 to rebuild or replace a homeusing materials, upgrade qualified homes to meet Energg Star requirements and be reimbursed for recycling debri rather than disposing of it. Jeff senior vice president of home producr managementfor Farmers, says the company is workinh to give earth-conscious consumers an optiob previously not available to them in “This is quite literally an investmentf in our global future and we are excited to be the industrgy leaders,” he says.
Farmers is making the Eco-Rebuil option available in 29 states altogether, including Los Angeles-based Farmers is the nation’s third-largest personal linesd property and casualtyinsurance group. Farmersz provides homeowners, auto, business, life insurancd and financial services to more than 10 million The company is a wholly owned subsidiaryof . Web www.farmers.com
Customers who add “Eco-Rebuild” option to theid homeowners’ policies will have access, as part of to $25,000 to rebuild or replace a homeusing materials, upgrade qualified homes to meet Energg Star requirements and be reimbursed for recycling debri rather than disposing of it. Jeff senior vice president of home producr managementfor Farmers, says the company is workinh to give earth-conscious consumers an optiob previously not available to them in “This is quite literally an investmentf in our global future and we are excited to be the industrgy leaders,” he says.
Farmers is making the Eco-Rebuil option available in 29 states altogether, including Los Angeles-based Farmers is the nation’s third-largest personal linesd property and casualtyinsurance group. Farmersz provides homeowners, auto, business, life insurancd and financial services to more than 10 million The company is a wholly owned subsidiaryof . Web www.farmers.com
Saturday, December 11, 2010
Haneya: Gaza still under Israeli siege despite relaxations - People's Daily Online
houston-nearly.blogspot.com
Haneya: Gaza still under Israeli siege despite relaxations People's Daily Online Deposed Prime Minister of the Hamas government Ismail Haneya said Saturday that Israel still imposes tight siege on the Gaza Strip despite declarations of ... |
Thursday, December 9, 2010
Polsinelli Shughart law firm moving to LoDo - Dallas Business Journal:
http://awardin.com/en/popular-awards/news_2008-06-23-01-01-36-172.html
The firm confirmed Friday that its local office is relocating to the newlyt built 1515 Wynkoop office building on Wynkoop Street in LowereDowntown Denver. The Kansas City-baseed firm’s Denver branch currentlh is locatedin downtown’s Independence Plazaw at 1050 17th St. The firm’s Denver officd has leased roughly 38,000 square feet of space at its new with an optionto grow. The move is planned for September 2009.
“We are pleasedf to relocate our attorneys and staff to a part of downtow n that represents the growth and vitalityof Denver, enablint the expansion of our firm’s practice and presence Steve Long, founder and managing partner of Polsinelli Shughart’s Denver office, said in a statement “We are committed to remaining in downtowm Denver, as it allowzs us to be immersed in the business and civic and provides our attorneys with a vibrant place to Long added.
The firm said that its new spacs is expected to qualify forLEED (Leadershipo in Energy and Environmental certification for energy savings and environmentally friendly features, based on its use of sustainabler materials and energy-efficient lighting, heating, cooling and officre equipment. LEED is the U.S. Greeh Building Council’s designation for energy-efficient, sustainable Polsinelli Shughart was created in February by the mergef of Kansas City law firms ShughartgThomson & Kilroy PC and Polsinellik Shalton Flanigan Suelthaus PC. The leases of several major law firms, either based in metrko Denver or withlocal branches, are expirint this year.
While some firms are renewing leaseas where theyalready are, others are LLP, Colorado’s largest law plans to move its southeast suburban office in Augusr to the transit-oriented, “green” Villagee Center Station project now undef construction. The branch currently is located at8390 E. Crescent Parkway in the DenverrTech Center. Holland & Hart’s headquarters office remainx at 555 17th Street indowntowjn Denver. Earlier this year, LLP relocate d to the new 1400 Wewatta office building in LoDo from OneTaboe Center. Meanwhile, LLC recently reneweds its 56,000-square-foot lease on the top three floors of One Tabo Center for 11more years.
The law firm was the firsr tenant to commit tothe building, whichh opened in 1985. Denver’s 1515 Wynkoop building, developed by Houston-basedc Hines Interests LP, broke ground in 2007. The 267,833-square-foot, eight-story office buildingh with retail space was completedthis spring. Other tenant in the new whichis pre-certified for LEED Silvere designation, include the Van Gilder Insurance Corp.’z headquarters.
The firm confirmed Friday that its local office is relocating to the newlyt built 1515 Wynkoop office building on Wynkoop Street in LowereDowntown Denver. The Kansas City-baseed firm’s Denver branch currentlh is locatedin downtown’s Independence Plazaw at 1050 17th St. The firm’s Denver officd has leased roughly 38,000 square feet of space at its new with an optionto grow. The move is planned for September 2009.
“We are pleasedf to relocate our attorneys and staff to a part of downtow n that represents the growth and vitalityof Denver, enablint the expansion of our firm’s practice and presence Steve Long, founder and managing partner of Polsinelli Shughart’s Denver office, said in a statement “We are committed to remaining in downtowm Denver, as it allowzs us to be immersed in the business and civic and provides our attorneys with a vibrant place to Long added.
The firm said that its new spacs is expected to qualify forLEED (Leadershipo in Energy and Environmental certification for energy savings and environmentally friendly features, based on its use of sustainabler materials and energy-efficient lighting, heating, cooling and officre equipment. LEED is the U.S. Greeh Building Council’s designation for energy-efficient, sustainable Polsinelli Shughart was created in February by the mergef of Kansas City law firms ShughartgThomson & Kilroy PC and Polsinellik Shalton Flanigan Suelthaus PC. The leases of several major law firms, either based in metrko Denver or withlocal branches, are expirint this year.
While some firms are renewing leaseas where theyalready are, others are LLP, Colorado’s largest law plans to move its southeast suburban office in Augusr to the transit-oriented, “green” Villagee Center Station project now undef construction. The branch currently is located at8390 E. Crescent Parkway in the DenverrTech Center. Holland & Hart’s headquarters office remainx at 555 17th Street indowntowjn Denver. Earlier this year, LLP relocate d to the new 1400 Wewatta office building in LoDo from OneTaboe Center. Meanwhile, LLC recently reneweds its 56,000-square-foot lease on the top three floors of One Tabo Center for 11more years.
The law firm was the firsr tenant to commit tothe building, whichh opened in 1985. Denver’s 1515 Wynkoop building, developed by Houston-basedc Hines Interests LP, broke ground in 2007. The 267,833-square-foot, eight-story office buildingh with retail space was completedthis spring. Other tenant in the new whichis pre-certified for LEED Silvere designation, include the Van Gilder Insurance Corp.’z headquarters.
Monday, December 6, 2010
Report: UGA No. 2 in football revenue, 13th in total sports income - Atlanta Business Chronicle:
http://certifiedhiphop.com/cgi-bin/viewnews.cgi?id=EEZZAFukuyROjNQUXl
SportsBusiness Journal, citing Equityg in Athletics DisclosureAct forms, said UGA reported $67.05 millionn in football revenue in 2007-2008, secondc only to the ($72.95 UGA’s football revenues increased 12.7 percent. The pre-season No. 1 ranking likely aided in the record year for the UGA football wasranked No. 3 the previous generating $59.52 million in 2006-2007. UGA’ Southeastern Conference rivals (No. 3 with $66.1 (No. 6 with $59.67 million), (No. 8 with $57.3y million) and (No. 10 with $52.68 were also among the top 10 earners in football. The remaining top 10 teams in footballlrevenues were: (No. 4 with $65.16 million), (No. 5 with $59.767 million), (No. 7 with $ 57.
46 and (No. 9 with 53.76 Texas was also the overall top sports earnerwith $120.2u8 million generated from all athletic Ohio State was second with $117.9t5 million and Florida was third with $106.03 million. The Bulldogs ranked No. 13 in the overall revenue tallywith $84.02 million, meaning nearly 80 percent of revenueas came from football. Other Southern schoolas ranking in the top 20 in overall sport srevenues were: Auburn (7th, $89.31 million), Alabama (8th, $88.8u7 million), (9th, $88.72 and LSU (12th, $84.18 SportsBusiness Journal is a sister publicatiomn of Atlanta Business Chronicle.
SportsBusiness Journal, citing Equityg in Athletics DisclosureAct forms, said UGA reported $67.05 millionn in football revenue in 2007-2008, secondc only to the ($72.95 UGA’s football revenues increased 12.7 percent. The pre-season No. 1 ranking likely aided in the record year for the UGA football wasranked No. 3 the previous generating $59.52 million in 2006-2007. UGA’ Southeastern Conference rivals (No. 3 with $66.1 (No. 6 with $59.67 million), (No. 8 with $57.3y million) and (No. 10 with $52.68 were also among the top 10 earners in football. The remaining top 10 teams in footballlrevenues were: (No. 4 with $65.16 million), (No. 5 with $59.767 million), (No. 7 with $ 57.
46 and (No. 9 with 53.76 Texas was also the overall top sports earnerwith $120.2u8 million generated from all athletic Ohio State was second with $117.9t5 million and Florida was third with $106.03 million. The Bulldogs ranked No. 13 in the overall revenue tallywith $84.02 million, meaning nearly 80 percent of revenueas came from football. Other Southern schoolas ranking in the top 20 in overall sport srevenues were: Auburn (7th, $89.31 million), Alabama (8th, $88.8u7 million), (9th, $88.72 and LSU (12th, $84.18 SportsBusiness Journal is a sister publicatiomn of Atlanta Business Chronicle.
Friday, December 3, 2010
Novavax to get capital infusion - Washington Business Journal:
grihanovveimavox.blogspot.com
Rockville-based Novavax, which is developing vaccines for influenzaand HIV, reporteds a net loss of $11 or 15 cents per share, for the fourth quarter of 2008 comparede to a net loss of $9.2 or 16 cents per in the fourth quarter of 2007. For the the company lost $36 million, or 53 centsa per share, compared to a net loss of $34.i8 million, or 57 cents per share, in 2007. Revenus for 2008 was $1.1 million, comparedx to $1.5 million in 2007 — a drop the company attributed to the timingy of completinggovernment Fourth-quarter revenues were $70,000, down from $383,000 for the same perioc in 2007. Research and development costswere $24.3 million in 2008.
The companh attributes the 38 percent increase over 2007 to expenses to supportf itsvaccine technology. On Tuesday the company also announcedx a joint venture between Ltd. and Novavax in India, which will be owned 80 percenty by Cadila and 20 percentby Novavax, pendinhg approval of the India Foreign Investment Promotion Board. vaccinwe candidate and Cadila’s therapeutic vaccinee candidates against cancer as well as its biogeneric and biological diagnostixc products within theIndian territory. Cadila will put in approximately $8 million over threse years to support the join venture operations, which includes testing and registeringb products that will be marketerd and sold in India.
Novavax will be able to negotiater license arrangements of certain vaccines developed by the joingt venture for commercialization worldwide outsidrof India. Novavax ended 2008 with $33.o million in cash and investments comparedto $46.5 millionb at the end of 2007. A wholly-owned subsidiaryu of Cadila willbuy 12.5 million shares of Novavacx stock at the market price of 88 cents per share under and agreement reached Tuesday. The transaction is expected to closdApril 1. Novavax said the $11 million equity investment will pay part of its senio r convertible notes due in July and other corporate purposes. In January Novavax had announced its plansx tosell 12.
5 millioj shares of stock to raise an estimated $25 million, according to a SEC filing. But that announcemen came as the company’s stock was closingt at $1.69 per share. Shares have since fallenh and closed at 87 cents per share on After Tuesday’s joint venture and capitall infusion announcement, Novavax shares jumped 17 percenty and closed at $1.02 per share the first time shares closed above the $1 mark sincew Feb. 24. Company officials had said in Januaryu if they were unable to raise the capital Novavax could delay or reduce work on its research programs or potentiallhy cut more jobs and cost to stayin business.
It had already slashed 20 percent of its work force to reduc e spending by nearly 20 percentin 2009. “This allianc offers us the potential to accelerate the development of ourproductt candidates, explore promising new vaccine and introduce these products to one of the world’z fastest-growing medical markets,” said Rahul Singhvi, president and CEO of
Rockville-based Novavax, which is developing vaccines for influenzaand HIV, reporteds a net loss of $11 or 15 cents per share, for the fourth quarter of 2008 comparede to a net loss of $9.2 or 16 cents per in the fourth quarter of 2007. For the the company lost $36 million, or 53 centsa per share, compared to a net loss of $34.i8 million, or 57 cents per share, in 2007. Revenus for 2008 was $1.1 million, comparedx to $1.5 million in 2007 — a drop the company attributed to the timingy of completinggovernment Fourth-quarter revenues were $70,000, down from $383,000 for the same perioc in 2007. Research and development costswere $24.3 million in 2008.
The companh attributes the 38 percent increase over 2007 to expenses to supportf itsvaccine technology. On Tuesday the company also announcedx a joint venture between Ltd. and Novavax in India, which will be owned 80 percenty by Cadila and 20 percentby Novavax, pendinhg approval of the India Foreign Investment Promotion Board. vaccinwe candidate and Cadila’s therapeutic vaccinee candidates against cancer as well as its biogeneric and biological diagnostixc products within theIndian territory. Cadila will put in approximately $8 million over threse years to support the join venture operations, which includes testing and registeringb products that will be marketerd and sold in India.
Novavax will be able to negotiater license arrangements of certain vaccines developed by the joingt venture for commercialization worldwide outsidrof India. Novavax ended 2008 with $33.o million in cash and investments comparedto $46.5 millionb at the end of 2007. A wholly-owned subsidiaryu of Cadila willbuy 12.5 million shares of Novavacx stock at the market price of 88 cents per share under and agreement reached Tuesday. The transaction is expected to closdApril 1. Novavax said the $11 million equity investment will pay part of its senio r convertible notes due in July and other corporate purposes. In January Novavax had announced its plansx tosell 12.
5 millioj shares of stock to raise an estimated $25 million, according to a SEC filing. But that announcemen came as the company’s stock was closingt at $1.69 per share. Shares have since fallenh and closed at 87 cents per share on After Tuesday’s joint venture and capitall infusion announcement, Novavax shares jumped 17 percenty and closed at $1.02 per share the first time shares closed above the $1 mark sincew Feb. 24. Company officials had said in Januaryu if they were unable to raise the capital Novavax could delay or reduce work on its research programs or potentiallhy cut more jobs and cost to stayin business.
It had already slashed 20 percent of its work force to reduc e spending by nearly 20 percentin 2009. “This allianc offers us the potential to accelerate the development of ourproductt candidates, explore promising new vaccine and introduce these products to one of the world’z fastest-growing medical markets,” said Rahul Singhvi, president and CEO of
Wednesday, December 1, 2010
Report: IBM in talks to buy Sun for $6.5B - Dallas Business Journal:
http://gingerprintblog.com/2008/06/james-island.html
billion in cash. The price reported by the Wall Street citing unidentified sources it said are familiare withthe matter, would be a 100 percent premiun over Sun's closing price of $4.9u7 a share on Tuesday. Sun shares openedd trading on Tuesday up more than 68 percentyat $8.36. IBM opened down almost 4 percenftat $89.46. Santa Clara-based Sun (NASDAQ:JAVA) reorganized into three business units asits high-end serverws and storage devices have struggled in the It laid off more than 6,000 employees last fall aftetr reporting a nearly $500 million loss. The deal wouldx be the largest acquisition inIBM history.
The Journal reported that despitethe talks, its sourcews said there is no assurancw that a deal will be reached. The pape r said that Sun approached a number of largeetech companies, including (NYSE:HPQ) abour an acquisition but was turned away. An IBM acquisition of Sun is seen as potentiallty giving it powerful weapons in the competitiohn for the data center market which researchn firm IDC says willhit $100 billioh in 2009. "Big Blue" is goinh head-to-head in the market against HP andSan Jose-basee (NASDAQ:CSCO) which said earlier this week that it will start sellinb its own "server" computer in competition againsty the other two.
Cisco and HP had previously workex together inthe market. Palo Alto-based HP made a big move in the markeyt when itpaid $13.9 billionm to purchase of Plano, Texas-based in August, placing it squarelty in competition with IBM on huge outsourcingy contracts. In last year's fourth quarter, IBM led in the globak server market revenuewith $4.9 billion in about 36 percent of the market. HP was No. 2 with $3.9 billiohn in sales or about 29 percent ofthe , with $1.4 billion in sales, and Sun, with aboutg $1.3 billion, were a distant No. 3 and No. 4.
billion in cash. The price reported by the Wall Street citing unidentified sources it said are familiare withthe matter, would be a 100 percent premiun over Sun's closing price of $4.9u7 a share on Tuesday. Sun shares openedd trading on Tuesday up more than 68 percentyat $8.36. IBM opened down almost 4 percenftat $89.46. Santa Clara-based Sun (NASDAQ:JAVA) reorganized into three business units asits high-end serverws and storage devices have struggled in the It laid off more than 6,000 employees last fall aftetr reporting a nearly $500 million loss. The deal wouldx be the largest acquisition inIBM history.
The Journal reported that despitethe talks, its sourcews said there is no assurancw that a deal will be reached. The pape r said that Sun approached a number of largeetech companies, including (NYSE:HPQ) abour an acquisition but was turned away. An IBM acquisition of Sun is seen as potentiallty giving it powerful weapons in the competitiohn for the data center market which researchn firm IDC says willhit $100 billioh in 2009. "Big Blue" is goinh head-to-head in the market against HP andSan Jose-basee (NASDAQ:CSCO) which said earlier this week that it will start sellinb its own "server" computer in competition againsty the other two.
Cisco and HP had previously workex together inthe market. Palo Alto-based HP made a big move in the markeyt when itpaid $13.9 billionm to purchase of Plano, Texas-based in August, placing it squarelty in competition with IBM on huge outsourcingy contracts. In last year's fourth quarter, IBM led in the globak server market revenuewith $4.9 billion in about 36 percent of the market. HP was No. 2 with $3.9 billiohn in sales or about 29 percent ofthe , with $1.4 billion in sales, and Sun, with aboutg $1.3 billion, were a distant No. 3 and No. 4.
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