Tag Archive
Why Sysco’s Worth Buying Even at These Prices
Dividends4Life submits: Linked here is a detailed quantitative analysis of SYSCO Corporation (SYY). Below are some highlights from the above linked analysis: Company Description: SYSCO Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily for food service industry in the United States and Canada. ... »
Saving Nortel Never Was Realistic, Says Former Exec
Jan. 14, 2010 marks the year anniversary of the beginning of the end for Nortel Networks. That’s the day the once-venerated telecom equipment maker, a major source of tech jobs and RD in Canada, filed for bankruptcy. (Expect a flood of “one year later” analyses over the next couple of …(343 words) ... »
Saving Nortel Never Was Realistic, Says Former Exec
Jan. 14, 2010 marks the year anniversary of the beginning of the end for Nortel Networks. That’s the day the once-venerated telecom equipment maker, a major source of tech jobs and RD in Canada, filed for bankruptcy. (Expect a flood of “one year later” analyses over the next couple of …(343 words) Related Topics: Canada,... »
Mathew Ingram Joins GigaOM
There are some stories that write themselves. This is one of them. About four years ago, I traveled to Toronto to attend the inaugural mesh web conference. There I learned two things: Paul Kedrosky is as funny in person as he on his blog. And Mathew Ingram is one sharp cookie. I was introduced to... »
Boy Saved from Cougar by Golden Retriever
Yet another reason why dogs are the greatest – a Canadian boy named Austin was stalked by a cougar and when the cougar charged, Austin’s golden retriever, aptly named Angel sprang into action and leapt between them. The cougar and Golden Retriever wrestled while the boy ran inside so upset he was... »
Nortel: Ciena Gets Canada’s Approval to Buy MEN
Ciena Corp. (CIEN) this week received approval from Canada’s industry minister to complete the $769 million purchase of Nortel Networks’ Metro Ethernet Networks (MEN) unit. Ciena in mid-November beat Nokia Siemens Networks for the division of insolvent Nortel. Tony Clement said in a statement late Tuesday that Ciena’s takeover will “maintain …(109 words) ... »
Nortel: Ciena Gets Canada’s Approval to Buy MEN
Ciena Corp. (CIEN) this week received approval from Canada’s industry minister to complete the $769 million purchase of Nortel Networks’ Metro Ethernet Networks (MEN) unit. Ciena in mid-November beat Nokia Siemens Networks for the division of insolvent Nortel. Tony Clement said in a statement late Tuesday that Ciena’s takeover will “maintain …(109 words) Related Topics: 2G,... »
Canada’s BCE Boosts Dividend
Zacks.com submits: Canada’s largest telecom carrier, BCE Inc (BCE), has increased its annual dividend by 7% year-over-year to C$1.74 (US$1.63) per share, equating to approximately 6.4% yield. The revised dividend will be effective from the first-quarter 2010 dividend, payable on Apr. 15, 2010 to shareholders of record as of Mar. 15, 2010. This represents... »
Avnet To Distribute Cisco Data Center Products
Avnet Technology Solutions, a solutions distribution leader and an operating group of Avnet Inc. (AVT), has announced it has signed a distribution agreement with Cisco Systems Inc. (CSCO) to become a high-value specialty distributor for its data-center products in the United States and Canada. Under this agreement, Avnet will help Cisco further …(411 words) ... »
10 Million minutes of FREE calls to Australia, Canada, China, India, the UK and USA
I love Christmas and the holiday season. This is the best time to make free calls to your family and friends as most VOIP Providers throw in some awesome offers. Today we are going to look at how to… Learn how to make FREE calls worldwide. ... »
Top Stories of 2009: Acquisitions – VoIP on Sale
Despite the economy, the VoIP and UC market had a few big buys. Some were fraught with negotiation, litigation or last minute actors swooping in from nowhere. Here are a few notable deals worth noting in 2009: Avaya buys Nortel ES – In June, Nortel began selling off its various units and it was only a... »
Competition in Canada’s Wireless Market Threatens Rogers Communications
Zacks.com submits: We downgrade our recommendation for Rogers Communications Inc. (RCI – Analyst Report) to Neutral as a result of increased competition in the Canadian wireless market. Canadian wireless rates are among the highest in the world. In a bid to improve service and prices through competition, the Canadian federal government has licensed four... »
Google May Buy Yelp: A Quick Analysis
Google is rumored to be in talks to acquire local reviews site, Yelp for about $500 million. If the deal happens, then it is a good move for Yelp and its backers, who are selling at what I think is the top of the market. It is also a good short term move for... »
What Globealive’s Entry Will Mean for Canada’s Wireless Market
Streetwise Blog submits: By Andrew Willis With Globealive now on the verge of rolling out its wireless network, Canada’s incumbent telecom companies are expected to see new pressure on profits. Complete Story » Related Topics: Canada, LEC, market, telecom, wireless »
Canada Rule Change Could Shake Up Telecom Market
Streetwise Blog submits: By Andrew Willis Industry Minister Tony Clement just opened the door to foreign ownership of Canadian telecom. Complete Story » Related Topics: Canada, LEC, market, telecom »
Avaya-Nortel deal meets more Canadian approval
The Avaya-Nortel deal has been getting approval across the board. After the U.S. and the EU, it’s Canada’s turn again. Canada’s Minister of Industry Tony Clement approved Avaya’s acquisition of Nortel Networks enterprise solutions operations on Friday. The $915 million acquisition should be completed by the end of the month and some estimates had wagered... »
Tying Up Loose Ends: Microsoft, Yahoo, Nortel & Avaya
Minutes after the U.S. stock markets started winding down for the weekend, a few technology giants made some announcements that amount to nothing more than tying up loose ends. Avaya got the go-ahead from Canada to buy Nortel’s PBX business for $900 million in cash. Microsoft & Yahoo finalized their search agreement that was first announced... »
eBay completes sale of Skype
At long last, eBay has completed its sale of Skype. The deal, valued at $2.75 billion, sells a share to an investor group led by Silver Lake Investment group including Joltid Ltd. (the founders of Skype) and affiliates like Canada Pension Plan and Andreesen Horowitz. The deal gives the new investors 70 percent of... »
Avaya-Nortel deal gets European approval
Avaya announced that it has received approval from the European Commission (EC) to proceed with its purchase of Nortel’s Enterprise Solutions division. While the acquisition still has a few more regulatory hurdles to clear, it seems to be receiving approval left and right. The company believes the $915 million acquisition will be completed soon. Earlier in November,... »
eBay Finally Spins Off Skype
Tech Confidential submits: EBay Inc. (NASDAQ:EBAY) announced Friday that it has completed its spinoff of the Internet telephony unit to a consortium of investors that includes Silver Lake, Andreessen Horowitz and the Canada Pension Plan Investment Board. The deal values Skype at $2.75 billion, with the investor group getting 70% of the company and eBay... »
eBay Completes Skype Sale at $2.75 Billion Valuation
TechCrunch submits: By Robin Wauters eBay (EBAY) has just announced that it has completed the sale of Skype, valuing the company at $2.75 billion. The investor consortium who is the buying party and will control an approximately 70 percent stake is a group led by Silver Lake Partners and includes Joltid (i.e. the company founded... »
fring for Google Android Launches
fring is finally available for the Google Android. It’s about time! One drawback though is that SIP and SkypeOut calls are not yet available on Droid devices. There’s always a catch… In addition to Skype chat and Skype-to-Skype VoIP calling you also get MSN and GoogleTalk support, real-time presence and live... »
Ericsson Brings On 900 Nortel Workers in Canada
Now that Ericsson (ERIC) has closed its buyout of Nortel Networks’ wireless assets, it also has hired more workers in Canada than it planned.Computerworld reported that, as of last Friday, 900 Nortel employees will work for Ericsson Canada. Another 1,600 work for Ericsson in the United States. The number’s not much, …(86 words) ... »
Avaya-Nortel deal clears more hurdles
Avaya announced that it has secured approval for its acquisition of Nortel’s Enterprise Solutions division under the Hart-Scott-Rodino Act as well as from Canadian Competition Bureau. Avaya’s acquisition of Nortel’s Enterprise Solutions division at first met a series of approvals from a U.S. Bankruptcy court judge and a Canadian court judge for the $915 million... »
Is Apple Stopping Progress?
It’s time not to put the hammer down, but to throw it up again. Yesterday Nimbuzz made noise via GigaOm’s Om Malik, with news of their client now offering what is called Nimbuzz Out, which is in many ways a clone of Fring, Skype Out and Truphone combined, as the new feature it allows... »
Vonage UK launches new unlimited calling plan
Vonage UK has introduced a new unlimited calling plan that they claim is the first of its kind in Britain. The new plan reaches landlines in 36 countries including India for $31.92 a month. The new plan also offers unlimited calling to mobile phones in five countries: India, U.S., Canada, Singapore and Hong Kong. The... »
My Thoughts on the Skype Settlement: Winners & Losers Scorecard
The final results are in: eBay and private investors led by Silver Lake Partners have struck a deal with Skype founders and JoltID, the technology company controlled by Skype founders Niklas Zennström and Janus Friis. They are also transferring the ownership of intellectual property needed to make sure that Skype works as an Internet... »
Telus Fails to Raise Dividend
The Moneygardener submits: Canadian telecommunications firm Telus (TU) has failed to raise its dividend for the first time in several years. Telus left its quarterly dividend at $0.475/share for payment on January 4, 2010, the fifth straight quarter of this payment amount. Some analysts believe that Telus is viewing 2009 as a year of investment in... »
Ribbit Mobile Launches
Ribbit today announced the release of Ribbit Mobile, a free communication suite designed for mobile professionals who need to be able to easily manage all of their phone numbers, communication devices, and how & when they are contacted. Ribbit Mobile is a cloud-based service that lets you manage calls, messages and phones. It’s... »
Skype, Founders Settlement in the Works
The ongoing legal scuffle between Skype, a division of eBay, and its founders, Janus Friis and Niklas Zennstrom, may soon see a resolution, according to someone familiar with the situation. The parties are in discussions to resolve the various issues. The talks are described to be at a sensitive stage and can break down... »