East Coast Tech Correspondent
Nicola's Feed
Mar 14, 2014

GoDaddy eyes initial public offering: sources

By Greg Roumeliotis and Nicola Leske

(Reuters) – Web hosting company The GoDaddy Group Inc is preparing for a second run at an initial public offering, according to two people familiar with the matter, as the 2014 tech IPO pipeline continues to grow.

GoDaddy, the Internet domain registrar and web host known for its racy ads, would join a number of high-profile technames expected to go public this year in the wake of Twitter Inc’s successful debut. They include “Candy Crush” developer King Digital and cloud services providers Box and Dropbox.

Mar 5, 2014

Softbank CEO’s merger plans for Sprint, T-Mobile face long odds

NEW YORK (Reuters) – Masayoshi Son isn’t used to taking no for an answer. But the Softbank Corp (9984.T: Quote, Profile, Research, Stock Buzz) chief’s pleas for a merger of the third- and fourth-largest U.S. wireless carriers seem to be falling on deaf ears.

It is no secret that Son, known to have threatened self-immolation to get his way in the past, wants to combine Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz), which Softbank acquired last year, with T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz) as part of his vision to create a global industry leader.

Mar 3, 2014

Telesat owner Loral hires Perella to advise board on sale -sources

NEW YORK, March 3 (Reuters) – Loral Space & Communications
Inc has hired boutique investment bank Perella Weinberg
Partners to advise its independent directors as it explores a
potential sale of the company, people close to the matter said
on Monday.

Reuters reported in January that Loral, which holds a
majority stake in Canadian satellite communication services
company Telesat Holdings Inc, is working with Credit Suisse
Group AG to find a buyer.

Feb 21, 2014

Charter can pursue consolidation with smaller players: analysts

By Nicola Leske

(Reuters) – Charter Communications (CHTR.O: Quote, Profile, Research, Stock Buzz), still rebounding from its failure to buy larger rival Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz), is left with the prospect of acquiring smaller players to satisfy its aim of driving U.S. cable consolidation, according to industry analysts.

Those likely to be on Charter’s potential shopping list include Cox Communications COXC.UL, Cablevision Systems Corp (CVC.N: Quote, Profile, Research, Stock Buzz), Mediacom LLC and Suddenlink, observers say.

Feb 21, 2014

Juniper Networks bows to Elliott’s demands

NEW YORK, Feb 20 (Reuters) – Juniper Networks Inc
has agreed to several of hedge fund Elliott Management Corp’s
demands for changes at the network equipment maker, including
appointing two directors proposed by Elliott, a person close to
the matter said on Thursday.

The source requested anonymity because the director nominee
discussions are private.

Feb 20, 2014

Goldman Sachs misses out on WhatsApp, 2014′s top deals so far

By Nicola Leske

(Reuters) – WhatsApp? Not Goldman Sachs.

The world’s top deal adviser for nine of the past 10 years, Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) has been notably absent on 2014′s largest mergers and acquisitions, including Facebook’s $19 billion deal to purchase mobile messaging service WhatsApp.

Normally the go-to-banker for big deals, Goldman has missed out on the top five transactions in the young year, according to Thomson Reuters data. Facebook Inc (FB.O: Quote, Profile, Research, Stock Buzz) relied on boutique investment firm Allen & Co to help with its offer to buy startup WhatsApp, which in turn chose Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz).

Feb 15, 2014

Silver Lake in advanced talks to sell Serena Software: sources

By Nicola Leske, Nadia Damouni and Greg Roumeliotis

(Reuters) – Buyout firm Silver Lake is in exclusive talks to sell information technology management company Serena Software Inc to private equity firm HGGC LLC, four people familiar with the matter said on Friday.

Silver Lake, which acquired Serena in 2006 for $1.2 billion, is now negotiating a deal with HGGC that could value it at between $450 million and $500 million, the people said, cautioning that a final agreement had not yet been reached.

Feb 13, 2014

Cisco revenue to slide further, shares drop

By Nicola Leske

(Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) on Wednesday forecast a 6 to 8 percent revenue slide this quarter, underlining the network gear maker’s struggle to rekindle demand for its products in emerging markets like China.

The gloomy outlook was about in line with Wall Street expectations, but Cisco shares slipped 3.7 percent as demand in the Americas slumped even as the Asia-Pacific region showed signs of leveling off.

Feb 12, 2014

Cisco predicts third-quarter revenue fall in line with Wall Street view

By Nicola Leske

(Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) on Wednesday forecast a 6 to 8 percent revenue slide this quarter, roughly in line with Wall Street expectations, as the network gear maker struggles with sluggish emerging markets like China.

The outlook marks another severe decline in sales for the former high-flying tech company, which has blamed its poor run on a boycott of U.S. equipment after revelations of American spying efforts globally.

Feb 6, 2014

Sprint, T-Mobile shares fall on dwindling hopes for merger

NEW YORK (Reuters) – Shares in Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz) and T-Mobile US (TMUS.N: Quote, Profile, Research, Stock Buzz) fell sharply on Thursday as investor hopes for a merger of the No. 3 and No. 4 U.S. mobile service providers faded on concerns about regulatory opposition.

Both companies’ shares were boosted in late 2013 by reports that SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz), the owner of 80 percent of Sprint, was considering buying T-Mobile from its majority owner, Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz), to merge both companies.