Topic: Corporate News
The new items published under this topic are as follows.
Asant? Technologies, Inc. (OTC BB:ASNT.OB/ASNTE.OB) announced today (September 17, 2003)that it entered into a binding letter of intent with Acorn Campus, a Venture Capital based Investment Company, to be purchased. The value of the recapitalization transaction of approximately $5.4 million, has proven financing, and is superior to the previous offer of $5.1 million. Under the terms of the agreement, each stockholder of Asant? Technologies is expected to receive up to approximately $0.52 in cash per share. Shares of Asant? Technologies closed today at $0.28 on the Nasdaq Over the Counter Bulletin Board (OTC).
Symbol Technologies Opens Repair Center in Czech Republic as Part of the Company's Strategy to Enhance Customer Service
WINNERSH, UK, September 11, 2003 ? Symbol Technologies, Inc. (NYSE: SBL), a global leader in enterprise mobility solutions, today announced the opening of its new centralised International Repair Center (IRC) in Hodonin, South Moravia in the Czech Republic. The Company cited the availability of highly skilled local labour, an excellent transportation and communications infrastructure and the country's impending membership to the EU as reasons for selecting the region. The new centre is part of a global strategy to consolidate Symbol's major repair operations in Europe and North America to provide more efficient and effective customer service.
MARLBOROUGH, Mass. ? 3Com Corporation (Nasdaq: COMS) today announced that it plans to outsource all of its manufacturing and realign its product development and supply chain capabilities as part of its ongoing efforts to further improve efficiency and reduce cost.
RF Micro Devices Updates Quarterly Guidance for Expected Increases in Revenue, Gross Margin And Earnings
GREENSBORO, N.C., Sep 8, 2003 /PRNewswire-FirstCall via COMTEX/ -- RF Micro Devices, Inc. (Nasdaq: RFMD), a leading provider of proprietary radio frequency integrated circuits (RFICs) for wireless communications applications, today announced the Company currently expects revenue, gross margin and earnings for its fiscal 2004 second quarter ending September 30, 2003 to exceed the Company's prior guidance provided on July 15, 2003.
ARMONK, N.Y. & KUALA LUMPUR, Malaysia -- Malaysia Airlines signed a 10-year information technology (IT) partnership agreement with IBM worth approximately RM440 million (approximately USD115 million). The aim of the partnership is to leverage the expertise of the global IT service provider to support Malaysia Airlines in meeting its future business and technology challenges.
NEW YORK -- The Board of Directors of Verizon Communications Inc. (NYSE:VZ) has declared a quarterly dividend of $.385 per outstanding share, unchanged from the previous quarter.
BEDMINSTER, N.J. and DALLAS, Tex. ? Verizon Wireless, operator of the nation?s largest wireless network with 34.6 million customers, has signed a multi-year agreement with Nortel Networks* [NYSE/TSX: NT] ? estimated to be worth US$1 billion ? for wireless infrastructure technology, including expansion and upgrade equipment for its nationwide, third generation (3G) voice and data network.
Sheffield, UK and PALO ALTO, Calif., Sept. 4, 2003 /Wi-Fi Technology News/- HP (NYSE:HPQ) has signed a definitive agreement to acquire Talking Blocks, a privately held Service Oriented Architecture and Web services management software company based in San Francisco.
Acquiring Talking Blocks furthers the HP Adaptive Enterprise strategy to help enterprises measure, architect and manage change by creating a tighter linkage between business and IT. Talking Blocks' standards-based Service Oriented Architecture helps companies integrate disparate internal systems and the systems of external business partners as well as manage Web services use in highly flexible environments.
Sheffield and Wellingborough UK, August 30 2003 /Wi-Fi Technology News/- Following a series of important design wins and significant sales growth in China and the Asia/Pacific region, leading UK miniature antenna manufacturer, Sarantel, has announced the formation of a Singapore-based subsidiary. The President of the new company, Sarantel Asia/Pacific Pte., is Joseph M. Murray, who brings over 20 years of experience in telecoms and cellular business development with AT&T and Lucent Technologies.
MILPITAS, Calif., Aug. 29 /PRNewswire-FirstCall/ -- Palm, Inc. (Nasdaq: PALM) today announced that it has completed a $19.1 million equity offering for 1.2 million shares of Palm common stock at $15.90 per share. The shares were issued today to institutional investors through Palm's existing $200 million shelf registration on file with the Securities and Exchange Commission.