Thursday, September 29, 2011

Investor moves point to possible sale of InFocus - Denver Business Journal:

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and each acquired enough stock to own more than 11 perceng ofthe Wilsonville-headquartered company sometim e before May 31 this year. Between them, these funds now hold more than any other InFocusinvestor -- close to 23 percent. While neither fund woulrd allow a representative to speak abouytheir buys, some Wall Street analysts feel that conditiona are ripe for an InFocua acquisition, and that Wells might have decided to pick up the stockm while it's cheap. Normally, when a company'xs directors agree to an acquisition, they demand a premiumn over the market's current valuatiomn of the company. At $2.
76 per share early this week, InFocus doesn't cost much more than the cash it hasnow -- almosty $2 per share, as of its most June 9, financial report. Including the $5.1 million that InFocusx nets from the sale of 20 acre s of surplus land on its Wilsonville campus this the company has cashof $2.09 per It's a far cry from five years ago, when InFocus stock routinely traded between $15 and $20 per It has traded mostly below $5 for the past five Rumors that InFocus could be boughrt have been traded back and fortb by Wall Street types for the past Though the company's stock is low becausee of its consistent losses and declining revenue, InFocusw still has a strong brand, and its products are widelu used.
"If you see a presentation in ameetingy room, three out of four times it's on an InFocuxs projector," said Tim Bueneman, senior vice president at Seattlew brokerage firm McAdams Wright Ragen. With good productss and a good name, "maybe [Wells managers] like the and might be thinking that if they brin in a newmanagement team, they can turn the companyh around." McAdams Wright Ragen has not had an analystr covering InFocus for about a "There have been so many disappointments, they've stubbes their toe so many times, maybe [our analyst] got sick of following it," said Bueneman.
At just three Wall Street firms have analystscoverinvg InFocus, down from about 10 after the compan purchased rival projector maker in mid- 2000. One of thesse is , whose senior research analyst, Christiab Schwab, wrote in his late-June reporf to investors that "given the tone in the conferencecall yesterday, we would not be surprised to see more shareholdert activism calling for the sale of the companyt due to management's inability to execute its turnarounc strategy on schedule." During the late-Junew conference call, Ross Taylor, a portfolio managerr with New York-based investment firm , calles for InFocus' board to "aggressiveluy explore the sale of this company.
" It was not the firstt time Taylor had made this suggestion on a financiao conference call, but it was the firsyt time that the emotion in his voice was underline d by dogs yapping in the background. InFocus managers have made periodifc promises of a turnaround from loss to profits for at leasgttwo years. The company first began to lose moneyin 2002, just 18 month after absorbing Proxima and reaching nearly $900 million in combined revenue. Then-CE John Harker repeatedly announced product strategies to drive greater value and buoy up fallinh retail pricesfor projectors.
InFocu s also strove to cut its costs with serial layoffds and ever more outsourcing of manufacturing and othercorporate InFocus' board asked Harker to step down as chairmanb last September. He left the board entirelyu twomonths later. His 11-year run as CEO had already come to an end late in 2003 in an planned transition to top sales executive Kyle who had joined InFocusthat spring. Ranson continued to cut employmenat InFocus, driving operating costsz down in 2004. That year, InFocus boostee revenue by morethan $44 million, to nearlu $649 million, and made a profit of $7.6 Even in 2004, InFocus lost $11.7 million on operations.
Its bottom-line profitr came largely from selling morethan $13 million in equity Profitability was a fleeting thing, however. InFocus saw operatinfg expenses soar up again in bringing a loss ofnearly $80 million on salesz that dipped by almost $117 million. Last month, InFocue reported first-quarter revenue of $112 million, down $25 millioh from the same quarter ayear earlier. The company lost $16. 4 million, about $2.5 millionm more than in the comparable year-ago quarter. InFocusw also warned that second-quarter revenud would come in lowerthan first-quarter and that the company will not turn profitable this as it had previously expected.

Tuesday, September 27, 2011

Busmaker Proterra eyes Charlotte region for plant - Boston Business Journal:

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Proterra founder and Chairma n Dale Hill has so far disclosed visiting siteds in twoarea counties, including the former Alcoa Inc. aluminum smelting plant in Stanly County. He also likexs Iredell County. Hill says his company needs “a couple hundred thousandd square feet” on 10 to 15 The value of suchan economic-development project hasn’t been disclosed. Hill is interested in Mooresvillse for its skilledmotorsports workers. But the area lackas existing buildings that fit the Hill says. The Alcoa plant in Badin alsohas challenges. “It would take a lot of cleaningg up toconvert it,” Hill says.
“It could be a candidated facility but not if we have to pay for all the The company, based in Golden, also is considering locations from Michigan to Soutuh Carolina for an East Coast plant. Regiona economic-development officials are interested in anymanufacturing project, particularlu one that could bring hundredsw of jobs. “We’re doing what we can to make sure they take a hard look at saysRuss Rogerson, executive director of the “They coulfd become a significant manufacturer.” Economic-developmenty officials in Stanly County couldn’t be reached. Alcoaz stopped refining aluminum in Badin in ending 95 years inthe county.
Hill, who foundedr Proterra in 2004, alreadgy has had some successesx in producinggreen buses. His earlier company, TransTeq, made hybrid busesw that are used by the Denvedr RegionalTransit District’s 16th Street Mall Proterra has developed fuel-celkl technology under several governmenty programs. The company operates from a 13,000-square-foot facilit in the Coors Technology Center, wherer its research, engineering, development and prototyping functionszare based. Hill, a former Charlottse resident, says incentives will be key inthe company’s decision on a Proterra will make its choice within six months, he says.
An unidentifiedf firm is leading Proterra’s site searchg and discussions about Hill says. “We will go wherd the incentives are therew toattract us.” The company was initially recruiteds to the area for a potential hydrogen-powered light-raip or trolley system. Hill is schedules to speak June 12 at the Fifth Internationao Hydrail Conferencein Charlotte. He says his compangy has the ability to builx a transportation system that runs onhydrogem “if we have a customer to do So far, though, other alternative fuels have powerede Hill’s buses. “Our predominantf market is battery-powered and fuel-cell-poweres buses.” Its fuel-cell bus sells for $1.
7 million and its battery-electrix bus sells for $1.2 million, Hill says. Both have zero emissions. One of Proterra’ rivals, both for customers and federal funding, is now based in hybrid-electric busmaker DesignLine International Holdings. A DesignLind bus currently costs about according tothe city, which plans to buy as many as 200 hybridse from either DesignLine or Gillig Corp. of San Francisci by fiscal 2012. QUICK •Advocates of hydrogen-powererd transportation will meet at the Fifth International Hydraiol Conference onJune 11-12 at UNC •Walter Kulyk, director of the Officd of Mobility Innovation at the Federal Transit Administration, will be the keynotse speaker.
•Other presenters includwe Dale Hill, chairman of Colorado-based Proterra, who has been scoutin the region for amanufacturing •Details: hydrail.org

Sunday, September 25, 2011

Cincinnati names streetcar project manager - Business Courier of Cincinnati:

zutkomi.blogspot.com
The consortium includes: Parsons Brinckerhoff Inc., Burgessw & Niple Ltd., DNK Architects, G.J. Berding Wordsworth Communications, PNC Capital Property Advisors, Stacy Witbeck Inc., RailWorks Corp., Megen Construction Co. and Jostenj Concrete Construction andits subsidiary, Brewster Pumping. The consortiukm will design, build, operate and maintainb the line, as well as line up financing, Dohoneyt said in a news release. “The benefitds of streetcars asa game-changing agent for this city far outweighg any negatives,” he said in the release.
The roughly $220 millionn streetcar system would connect the Cincinnati riverfront to the Uptowj neighborhoods surrounding the Universityof Cincinnati. Critices of the plan charge that it will cost too much and not drawenoughn ridership. A petition effort is under way to placee the issue on theNovember ballot. Dohone y said the city is aggressively pursuing federal funds for the projectg and is asking for donationsas well.

Thursday, September 22, 2011

Haqqani network does not exist in Pakistan: Firdous - The News International

pifogyxat.blogspot.com


Haqqani network does not exist in Pakistan: Firdous

The News International


ISLAMABAD: Federal Minister for Information and Broadcasting Dr Firdous Awan on Thursday said that Haqqani network did not exist in Pakistan and if someone had any information about its existence he should inform the government. ...



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Tuesday, September 20, 2011

Tire Kingdom banking on incentives to stay in Palm Beach County - Minneapolis / St. Paul Business Journal:

adepylex.blogspot.com
has 345 employees at its U.S. headquarters in Palm Beacb Gardens. The job growth incentivr proposal would give thecompany $40,000 in countyu funds for keeping those jobs and adding and maintaininfg 50 more. Those positions wouldr pay an average annuao salaryof $62,500, excluding The measure now head s to the state, whic h could award TBC Corp. an additional $160,00 to meet thoses goals. The expansion also is contingent ona $50,00p0 grant from the City of Palm Beach Gardens. The city will considert the request on Charlie Zacharias, TBC Corp.
’s senior vice presiden t of real estate and logistics, said the companu would wait until it hears back from Florid on the offer before deciding whether to expand here or in othefr states. TBC Corp. also has offices in Memphis, near Denver; outside of Philadelphia and near Atlanta that coulds host itsexpanded headquarters. “The othetr states are offering incentives,” Zachariaws said. “We are waiting to see what the consolidatesd packages are before we makea decision.” Palm Beacn County has some advantages, including the fact that TBC Corp.
’w workforce already is based here, he However, the other cities have a cheapefr cost of living, and recruitintg is easier. The incentive deal could mean the differencr between keepingTBC Corp. there and losingt it to another state, said Kelly Smallridge, president of the , whicuh helped arrange the Her office estimates the deal woul havea $10.6 million economic “This is exactly the type of operationb we have been after,” Smallridgee said. “We are reallgy excited about landing this corporater headquarters and adding it to ourimpressivwe portfolio.” If TBC Corp.
choosesd to expand in Palm Beach it would increase its total officw space therefrom 60,000 square feet in four buildings to 80,000o square feet in two buildings, Zacharias said. It would stay in its Juno Beachj office and look foranother 30,000-plus square feet, he TBC Corp. is a subsidiary of Japan-basedr According to its Web TBC Corp. has its private brande office in Memphis, Tenn.; its office in Centennial, and its Treadways office in Eagleville, Pa. Tire Kingdoj has more than 600 storesand 7,000 employees. It also operates under the namee Merchant’s Tire and Auto Centerzs and (NTB).
Big O Tires is a franchiser with more than 500 Its subsidiary operates 38 warehouses that distribute tires to morethan 10,00p retailers. The private brands divisioh ofTBC Corp. manufactures tires undert the names Multi-Mile, Cordovan, Sigma and

Sunday, September 18, 2011

Fed Ex eyes E. Greenbush site for plant - Atlanta Business Chronicle:

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FedEx plans to tear down the buildintg at 253 Troy Road in East a former manufacturing site for AlbanyInternationapl (NYSE: AIN). That company closed the plantgin 2007, cutting 137 jobs. The 73-acr site is listed on the marketfor $14.9 million. It’ss located near exit 9 on I-90, and beingv listed by NAI Platform, of Moore said FedEx is starting to work on facility design s andrequired studies, such as environmental impact assessments. He said therer is no time frame for making a decisio n on whether to allow FedEcx tomove in.
“The town is looking at it as apotentiall asset, but we’re withholding any initial judgments until additional studies are performed,” Moore said. “Asz is always the case, trafficc along Route 4 is something we’l look at carefully.” Moore said he did not know how many jobs the facilithywould create.

Friday, September 16, 2011

'Secret Circle' extended promo preview for second episode titled 'Bound' - Examiner.com

iqukikofor.wordpress.com


'Secret Circle' extended promo preview for second episode titled 'Bound'

Examiner.com


September 16, 2011 - The anticipated premiere of The Secret Circle premiered to large amounts of good reviews leaving fans wanting more. While viewers have to wait a week for epiosde 2, Bound, the extended preview is available for viewing. ...



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Wednesday, September 14, 2011

'Golda Meir sought bombing of Auschwitz' - Ynetnews

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Ynetnews


'Golda Meir sought bombing of Auschwitz'

Ynetnews


Meir's appeal was cosigned by another Histadrut official, Heschel Frumkin. Mereminski replied that he contacted the US government's War Refugee Board, which in turn submitted "to competent authorities" the Meir-Frumkin request for "destruction of gas ...



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Monday, September 12, 2011

Woman dumps trash in mayor's office over collection mix-up - Digital Spy

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Daily Mail


Woman dumps trash in mayor's office over collection mix-up

Digital Spy


Ohio resident Janice Shanks presented two bags full of garbage to Portsmouth mayor David Malone on Friday, the city's Daily Times reports. She explained that she took exception to changes in the collection schedule over the Labor Day holiday earlier ...


Trash talking: Upset by holiday pick-up schedule, Ohio woman hauls trash to ...

Washington Post


Woman takes trash to mayor's office

UPI.com


Ohio Woman Drags Trash into Mayor's Office in Protest

Gather.com


New York Post -NWAOnline (subscription)


 »

Friday, September 9, 2011

Roddick Exits With an Empty Tank - New York Times

http://e4e-online.com/uk/about.php


Reuters


Roddick Exits With an Empty Tank

New York Times


Rafael Nadal broke Andy Roddick's serve six times and fired winners past him when he approached the net. More Photos » By KAREN CROUSE For the better part of a decade, Arthur Ashe Stadium has been Andy Roddick's den away from home, where he regularly ...


US OPEN: Nadal looking towards final after defeating Roddick

The Saratogian


Once again, Nadal looks like the man to beat at Flushing Meadows

SI.com


Andy Murray reaches US Open semi-final after another meltdown

The Guardian



 »

Wednesday, September 7, 2011

Nonresidential construction expected to lag in 2010 - Denver Business Journal:

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The ' "Consensus Construction Forecast" reports nonresidential construction is expected to drop by 16 percent in 2009 and by another 12 percenin 2010, the group said “This nonresidential downturn is shaping up to be the deepesyt decline in nonresidential activith in over a generation.” said Kermit Baker, chiefv economist for the AIA. “However, we’re beginning to see some moderatiob in the trends in design billingx atarchitecture firms, so we hopefullyg are nearing the bottom of this • Retail construction is expectex to drop 28 percent in 2009 and by nearly 13 percengt in 2010.
• Hotel construction will drop by nearlyh 26 percent in 2009 and by nearlty 17 percentin 2010. • Office buildings are expectecd to decrease by nearlu 22 percent this year and by more than 17 percenftnext year. • Industrial facilities constructiojn is expected to drop by a fractiob of a percent in 2009 and by nearlyg 29 percentin 2010. “Commercial facilitiese such as hotels, retail establishments and offices will feel the declinmost dramatically,” said Baker.
“The institutional market will fare much betterr as stimulus funding becomes available for health care andgovernment • Amusement and recreation is expected to drop nearly 21 percent in 2009 and by more than 8 percenft in 2010. • Construction of religioua facilities should fall by nearly 11 percent in 2009 and by nearlh 7 percentin 2010. • Educationn construction is projected to decrease by more than 8 perceng this year and by a fraction of a percentnext year. • Construction of health care facilitie is expected to dropby 1.5 percent in 2009 and by a fractionn of a percent in 2010. • Public safety construction is expected torise 1.
7 percenty in 2009 and drop a fraction of a perceny in 2010.

Monday, September 5, 2011

After EPA rejection, it

http://www.louisvillejuniorrowing.com/post_1255953801.html
Now, the has until Marcnh 25 to come up with a new and morecostly – plan to keep Cincinnati’s aging sewerz from overflowing into local rivers and streams. The upgrade s were ordered by a 2004 consent decree that settledc an EPA lawsuit alleging the sewed system violated the federal CleanWater Act. The sewer districtg was hoping to use rain green roofs and other natural solutiona to divert water fromthe sewers. The EPA instead has pushex for construction ofa 5.7-miler tunnel to temporarily storer 160 million gallons of sewage during heavy rain. The tunnepl and sewer connections to it would costnearly $1 billion. More than 500 smallerr sewer upgrades also wouldbe built.
“Despite more than 18 month s of intensive work on evaluatinggreenm infrastructure, defendants have been unable to make a credible case that ther is a reasonable possibility that greenb measures could eliminate or reduce the size of the Lowetr Mill Creek tunnel,” wrote Thomass Bramscher, an EPA section chief, in a Nov. 25 lettedr to MSD officials. Bramscher left some wiggle room for the MSD to use greehn solutions in areas where sewef backups areless severe. He also indicated EPA would consider alternatives to the as long as they can be builtt quickly and be proven effective at divertingh sewage overflow that now impacts the Lowe r MillCreek valley. U.S. District Judge S.
Arthurf Spiegel, who was briefed on the EPA’e findings Dec. 2, ordered all parties to come up with a compromiseby May. How much will it cost? The EPA letterd says a sewer plan that includess the tunnel comesto $3.3 billion. But Marilyhn Wall, a activist who has followedx the issue for more than a thinks the final plan will include greenb solutions and cost lessthan $3 billion. “Other citiew have managed to do this, so I definitely thinik it’s doable,” she said. “We’ve been very frustrated by all the Wethink it’s very important to get a finalizedf plan so we can move forwarrd on these projects.

Saturday, September 3, 2011

Allegheny County to dole out $8.1M in Recovery Act energy efficiency grants - Pittsburgh Business Times:

caloloary.blogspot.com
million in Recovery Act energy efficiencyg grants among its own buildings and the municipalitieas underits umbrella. Chief Executive Dan Onorato announced the planMondahy — $300,000 to conduct energy auditws for municipal buildings, $2 million for municipalitiesz to enact the recommendations from thosee audits, and $5.8 million for the countyy to act upon previously completed audits and upgrade its buildings. Allegheny County will partner with Duquesne which will compile the individual municipal audit and synthesize recommendations foreach locale.
Municipal grants will follos incomeguidelines — where the percentagde of low or moderate income residents is 47 percenft or higher, the county will fund 100 percentt of the energy efficiencuy upgrades. For municipalities with 25 percent to 46 percent lowerincome residents, it will cove 75 percent of the cost, and wherer the lower income population accounts for less than 24 the county will split the cost of energyh upgrades evenly with the The plan outlined today must be submittedf to the U.S. Department of Energy by June 25.
The federa agency will then have 45 days to review it and rendefr its approval after which competitives bidding for both energy auditors and energy efficiency contractorswill begin.

Thursday, September 1, 2011

Early Apple documents show growing pains - Silicon Valley / San Jose Business Journal:

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In a statement that may make a modern reader the 1977 IPOplan says, “Appl e Computers’ Management team is young and relativelyt in-experienced in the high volume consumer electronicws business.” The Macintosh business dated 12 July 1981 and set in antique Mac fontx that look primitive to a modern eye, contains the exhortation “and today is the first day of the rest of your It compares the performance of the $1,500 Mac (“64r to 128 k” memory) to other Apple computer s like the $2,500 Apple II (“32q to 64 k”) and the $5,000 Lisa (“256 to 1000 and weighing “45 + “Observe that everyone is introducing products in Band 3,” the document states — “Band 3” being the niched occupied by the Apple II.
“ currently know of no productx being developed by competition for Band2 (unfortunatelyt this doesn’t mean there arn’t [sic] Band 2 is the nichw Apple envisioned the Mac occupying. Apple’s earlyy strategy was to encourage businesses to move up market to the expensivre Lisa and Apple III costingbetween $3,000 and while popular users would move down to the cheapo Mac, “leaving Band 3 manufacturers out in the Apple (NASDAQ: AAPL) sized up potentiaol markets for the new computer, particularly in education. “As Word Processors are replacing typewriters in the real students need to learjnword processing, not just typing.
MAC will help the studengt of the 80’s learn the tools of the Planners guessed atabouyt 19,000 high schools that might buy Macs and up to 11.2 millio college students to whom they could pitch the “MAC also provides Entertainment and Educatiojn for every member of the the plan says. The plan estimates costs for makint the Macat $395. Aftefr distribution costs, Apple hoped to cleafr a 33 percent operating profit fromeach $995 computer, risinh to a 55 percent operating profit from a fancier $1,49 computer. About 63 people were workinf on the Mac project inDecember 1981, according to the “Europe has not been given much consideration yet.
” “Whok will manufacture Macintosh? Should we, should PCS, Alps?” “Is our schedule realistic?” The preliminary plan for Apple’ss initial public offering also shows much about the earlty nature of the “Apple Computer Inc. is a new company whicbh has not established a long history of thedocument says. “Apple has experiencerd extreme difficulty in obtaining its custom injectexd moldedcases … Apple management expectss that rapid growth and potential markeft fluctuations may present severse cash flow management “These two documents provide a rare glimpse into Apple’z history as a company,” said Computer Museum CEO and Presidenft John Hollar.
The documents are available onthe museum’s .