East Coast Tech Correspondent
Nicola's Feed
Sep 14, 2013

BlackBerry bidders may want to carve up business: sources

NEW YORK (Reuters) – A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd (BBRY.O: Quote, Profile, Research) (BB.TO: Quote, Profile, Research), but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the whole company, several sources familiar with the situation said.

Private equity firms are mostly interested in businesses such as BlackBerry’s operating system and the patents around its keyboard, two of the sources said. However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, one of the sources said.

Sep 13, 2013

Exclusive: BlackBerry bidders may want to carve up business – sources

NEW YORK (Reuters) – A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd, but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the whole company, several sources familiar with the situation said.

Private equity firms are mostly interested in businesses such as BlackBerry’s operating system and the patents around its keyboard, two of the sources said. However, one possibility is for a Canadian pension fund to team up with an investor to buy the whole company, which is currently worth a little more than $5 billion, one of the sources said.

Sep 10, 2013

Cisco enters data storage market with purchase of Whiptail

By Nicola Leske and Nadia Damouni

(Reuters) – Cisco Systems Inc on Tuesday announced its first foray into the data storage market, saying it would pay $415 million to acquire privately held storage system maker Whiptail.

Cisco said it will pay cash and incentives for the acquisition, expected to close in the first quarter of 2014.

Sep 9, 2013

Icahn bows out of battle for control of Dell

NEW YORK (Reuters) – Activist investor Carl Icahn said on Monday he was bowing out of an effort to block founder Michael Dell’s proposed buyout of Dell Inc, determining “it would be almost impossible to win.”

The move will likely put an end to a battle that has raged since March between Michael Dell and private equity firm Silver Lake Partners, who want to overhaul the company Dell created away from the investor spotlight, and stockholders like Icahn and money manager Southeastern Asset Management who want a higher price for their stock.

Sep 5, 2013

Gemalto aims to double profit from operations by 2017

NEW YORK (Reuters) – French smart cards maker Gemalto (GTO.AS: Quote, Profile, Research, Stock Buzz) expects to double profit from operations over the next five years and achieve double-digit average annual revenue increases through 2017 by focusing on mobile, security and network activities.

Gemalto Chief Executive Officer Olivier Piou told an investor conference in New York that profit from operations would reach 600 million euros ($787 million) in 2017 and revenue from platforms and services would be at least 1 billion euros.

Aug 28, 2013

Hortonworks to seek IPO within 2 years, CEO says

Aug 28 (Reuters) – Enterprise software start-up Hortonworks
plans to seek a public listing in 15 to 24 months, banking on
growing demand for data analytics, its chief executive said on
Wednesday.

“We started the company from day one and how we structured
it with the goal and objective to build a public company,” CEO
Rob Bearden said in an interview.

Aug 2, 2013

Exclusive: Compuware takes another shot at sale – sources

NEW YORK (Reuters) – Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based hedge fund Elliott Management Corp in January and asked Goldman Sachs Group Inc and Allen & Company to seek a better offer. Seven months later, no higher bid has emerged.

Aug 2, 2013

Compuware takes another shot at sale -sources

NEW YORK, Aug 2 (Reuters) – Management software company
Compuware Corp CPW.O has renewed efforts to sell itself,
courting not just the buyers of rival BMC Software Inc (BMC.O: Quote, Profile, Research)
but also CA Technologies Inc (CA.O: Quote, Profile, Research) and other buyout firms,
several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based
hedge fund Elliott Management Corp in January and asked Goldman
Sachs Group Inc (GS.N: Quote, Profile, Research) and Allen & Company to seek a better
offer. Seven months later, no higher bid has emerged.
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Jul 29, 2013

Publicis, Omnicom to merge to create advertising giant

PARIS/NEW YORK (Reuters) – A proposed mega-merger between global ad agencies Publicis and Omnicom could bring rival accounts such as Coca-Cola and PepsiCo under one firm, underscoring the scale of the $35.1 billion deal and the potential conflicts it raises.

The companies said on Sunday that the deal – presented as a merger of equals – would give the combined firm the necessary scale and investment firepower to cope with rapid changes wrought by technology on the advertising business.

Jul 25, 2013

Xerox profit beats estimates on restructuring

By Nicola Leske

(Reuters) – Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) reported higher-than-expected second-quarter earnings on Thursday on growth in its services division and reiterated its full-year targets as its restructuring efforts showed signs of paying off.

Known for its printers and copiers, Xerox last year kicked off a restructuring program focused on its services business, which now generates about 55 percent of revenue and manages anything from toll systems to healthcare programs.