By W. David Gardner InformationWeek February 11, 2008 10:53 AM A merger of the infrastructure units of Motorola and Nortel Networks would likely return Nortel chief executive Mike Zafirovski to overseeing Motorola units that he once managed as president and COO of Motorola. The Wall Street Journal reported Monday that the two companies have been talking for approximately a month about combining Motorola's Home and Networks Mobility Division and Nortel's wireless infrastructure operations. The combined unit under discussion -- to be led by Nortel -- would have about $10 billion in sales, but would not include Motorola's mobile handset unit, which the company also is interested in spinning off. Zafirovski, often called "Mike Z" by colleagues, led a turnaround of Motorola's chronically troubled handset businesses earlier in the decade, although the overall effort also resulted in 50,000 job losses at Motorola. In recent days, Motorola's new chief executive, Greg Brown, has
By W. David Gardner InformationWeek February 11, 2008 10:53 AM A merger of the infrastructure units of Motorola and Nortel Networks would likely return Nortel chief executive Mike Zafirovski to overseeing Motorola units that he once managed as president and COO of Motorola. The Wall Street Journal reported Monday that the two companies have been talking for approximately a month about combining Motorola's Home and Networks Mobility Division and Nortel's wireless infrastructure operations. The combined unit under discussion -- to be led by Nortel -- would have about $10 billion in sales, but would not include Motorola's mobile handset unit, which the company also is interested in spinning off. Zafirovski, often called "Mike Z" by colleagues, led a turnaround of Motorola's chronically troubled handset businesses earlier in the decade, although the overall effort also resulted in 50,000 job losses at Motorola. In recent days, Motorola's new chief executive, Greg Brown, has fl
LONDON (Reuters) - Yahoo is seeking to restart merger talks with AOL as a means of defending itself against an unsolicited bid approach from Microsoft, the Times newspaper said on Monday. The paper, without citing sources, said Yahoo was also considering tie-ups with groups such as Google and Disney. It said Yahoo and AOL had previously tried to join forces, but were unable to agree on the price of a deal. None of the parties mentioned could immediately be reached for comment.
Recently the Eta Kappa Nu Association (the electrical & computer engineering honor society) and the IEEE signed a non-binding Memorandum of Understanding (MOU) which proposes to merge these two organizations. One of the key reasons for the need for this merger is the financial condition of HKN.
After airline stocks took a nearly unprecedented beating during the last few weeks on concerns about higher fuel costs and a falling economy, they rallied like...
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Boards of Deccan Aviation and Kingfisher Airlines have announced to merge both the airlines to create a mega airline. Deccan Aviation will merge its scheduled
Covad Communications Group Inc. (AMEX:DVW) fell almost 5% today to a price of $0.79 on double the normal trading volume. But shares fell almost 10% on Monday...
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XM Satellite Radio (NASDAQ:XMSR) shares are reeling from a Goldman Sachs downgraded this morning. Goldman Sachs downgraded its Neutral rating down to a new...
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Well there was a post up on Slashdot about Blizzard and Activision merging so is this good news? Activision has a big presence in console platforms from games like, Guitar Hero, Tony Hawk, and do first person shooters such as Call of Duty 4, Doom 3, and Quake 4. Blizzard is carrying titles like Diable II, Warcraft 3, Starcraft 2, and World of Warcraft. Here is Activision Blizzards official press release.What do I hope comes out of this?What about a World of Warcraft for console games that operates in similar fashion to Final Fantasy XI. How about a Starcraft Universe that has first person shooter like Quake, but on a massive online server. Now that would be different, and interesting.Call of Duty 4Tony Hawk Proving GroundGuitar Hero 3Starcraft 2 All pictures from Activision Blizzard multimedia section.
Bear Stearns has a research note out calling for an imminent decision on the regulatory approval decision regarding the merger between Sirius Satellite Radio...
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MUMBAI (Reuters) - There was no new proposal to merge more associate banks with India's top lender, state-run State Bank of India, Junior Finance Minister
The National Association of Broadcasters and all of its radio station members are against a merger of Sirius (SIRI) and XM Satellite (XMSR). They don't want...
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Mergers and acquisitions (M&A) and corporate restructuring are a big part of the corporate finance world.It is the easiest way to do the business.Companies with big bucks are buying out other small companies who are not actually competing them but they halted their business by some extent.There are many reasons for buyout and there is a proper process for merger & acquisitions... In the recent Times many Indian & Foreign Comapnies has bought many companies in last few years. I have mentioned a list of such merger & Acquisitions :All Time Global Big DealCompanyAcquired/MergedFor( US$)2007CiscoWebEx2.9 BOracleHyperion Solutions3.3 BSiemens AD UGS Corp3.5 B2006EricssonRedBack networks 2.1 BGoogle YouTube1.65 BIBM Internet Security System 1.3 BHPMercury Interactive 4.5 BAMDATI (Canadian)5.4 BKKR(US)Flextronics900M(85%stake) EDSMphasiS 380 M(52% stake) All Time Big Indian IT DealsCompanyAcquired/MergedFor( US$)2006Subex Azure(UK)140 MPolarisOrbiTech125 M Indian Non-IT big T
The Wall Street Journal came back to the XM Satellite (XMSR) merger with Sirius (SIRI) today. The paper thinks the prospect for the marriage may have improved....
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Pardus Capital Management, which has taken a position in Delta (DAL), is going to push a merger with United (UAUA) by taking the proposal to other...
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LUXEMBOURG (Reuters) - Shareholders in ArcelorMittal, the world's largest steelmaker, gave a last clearance on Monday for the merger between ex-rivals Mittal Steel and Arcelor.
Three days ago proxy advisory firm Glass, Lewis & Co. recommended shareholders of Sirius Satellite...
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In a change of plan Hoya will 'merge' with Pentax on 31 March 2008, instead of Pentax becoming a 'wholly-owned subsidiary' of Hoya. The move is designed to strengthen Pentax businesses by enabling Pentax management to put plans into practice more quickly.The two companies had originally planned to merge in an agreement first discussed in December last year.But subsequent talks led to Hoya buying around 90% of Pentax shares, thereby making Pentax a wholly-owned subsidiary of Hoya. Chris Cheesmanmore : amateurphotographer
The New York Times reports that Stan O'Neal, the CEO of Merrill Lynch (MER) approached Wachovia...
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Red Herring suggested that Sprint (S) hire telecom pioneer and Clearwire (CLWR) CEO Craig McCaw to...
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LSF5 Accredited Investments, LLC, the subsidiary of Lone Star Fund V that had offered in June to...
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Berkshire Annual Letter 1998 (Part 4)
Michael Kinsley has said about Washington: “The scandal isn’t in what’s done that’s illegal but rather in what’s legal.”
Many CEOs have no hesistation about manipulating earnings to meet the desires of Wall Street.
Their first assumption is that their job is to encourage the highest stock price possible, something which Warren [...]
On June 7th the San Francisco Chronicle published an article about the growing privacy concerns related to the planned Google and DoubleClick merger. According to the article a coalition of privacy groups have requested that federal regulators "prohibit the merged companies from compiling detailed dossiers about users' online behavior."It would be a rare case for the Federal Trade Commission (FTC) to consider privacy implications when ruling on the merger (since they usually deal with fair trade concerns) but this precedent may be worthwhile due to the considerable personal dossiers expected to be combined by the two companies.How Big is Too Big?One question is ever present in my mind when considering Google's continued acquisitions spree - at what threshold does a company get so big that government involvements (i.e. regulation) is unavoidable? I don't like the idea of any part of the Internet being regulated but if Google keeps this growth up, at some point it will call this unfo
In a top-secret press conference earlier today, Life is Crap announced that it will be merging advertising revenues with the even more crappy How to Get Good Duck.Unfortunately, the top-secretness of the press conference meant that there were absolutely no members from the press present to take notes. Mike sat on a keg of Natural Light in the corner, trying to get the juice flowing while Tom and Anders made the finishing touches on a duck made entirely out of Spam.The announcement was made by Good Duck’s attorney, Jessica Lawyer, a toon formerly known for her role as the voluptuous female friend of Roger Rabbit in “Who’s Framing Roger Rabbit.” After several trips to the restroom to powder her breasts, she gave the following announcement:“Well, hiya, everybody. Or, hiya the three of you, at least. Um, Life is Crap is sort of proud to announce that effective immediately, all advertising revenues earned by and through the practically unheard of How to Eat a Duck …What’s that
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