Microsoft Corp. has made an unsolicited takeover offer of $44.6 billion for Yahoo! Inc in an effort to challenge Googles dominance of the online search and advertising markets. Yahoo said that its Board of Directors will evaluate this proposal carefully and promptly in the context of Yahoo!'s strategic plans and pursue the best course of action to maximize long-term value for shareholders.
Cogent Communications Group, Inc. (NASDAQ: CCOI) the multinational, Tier 1 facilities-based ISP, will host a conference call with financial analysts at 8:30 a.m. (ET) on February 27, 2008 to discuss Cogent's operating results for the fourth quarter and full year for 2007. Cogent will issue a press release announcing the operating results at 7 a.m. (ET) on February 27, 2008. To participate, investors and other interested parties may access the earnings call as follows: Dial-in Numbers: 1-877-397-0300 for U.S.
Scandinavian carrier TeliaSonera has purchased Finnish hosting company Crescom Oy, the value of the deal was not disclosed. Crecom Oy has its own Data Centres in Helsinki and Espoo and provides a range of managed services and hosting services including an application on-demand service. TeliaSonera are pursuing a strategy of providing managed services.
BT Global Services has agreed to acquire Frontline Technologies Corporation Limited of Singapore in a deal valued at S$202 million Singapore Dollars. Frontline is a provider of IT services including IT consulting, infrastructure services, systems integration and IT outsourcing to companies throughout the Asia Pacific region. Listed on the Singapore Stock Exchange, Frontline has 5,000 employees and operations in China, Hong Kong, India, Indonesia, Malaysia, Singapore, the Philippines Taiwan and Thailand.
Q9 Networks Inc.quarterly and fiscal year-end results for the period ending October 31, 2007. Revenue for the fourth quarter 2007 was $15.6 million, a 25% increase over fourth quarter 2006 revenue of $12.5 million and an increase of 7% or $1.0 million from last quarter's revenue of $14.6 million. Revenue under contract entering the first quarter 2008 was approximately $12.9 million, down slightly from the previous quarter due to the non-renewal of a particular customer for approximately $0.8 million per quarter, offset by an increase of $0.7 million from other customers.
Rackspace Managed Hosting, has released its third quarter results for 2007, detailing revenue of USD 96.2 million, representing a 63 percent increase over the third quarter of 2006. Rackspace also reported positive net income for the third quarter of 2007 and has experienced 35 consecutive quarters of revenue growth since the company's inception. In the third quarter of 2007, Rackspace completed the acquisition of Webmail.us, a leading provider of business class email hosting with more than 600,000 business mailboxes under management.
Web hosting and managed services company, iomart group plc, has released its consolidated interim financial results for the six month period ending 30th September 2007, revealing that the group has been in line with expectations, after a first-half pre-tax loss, due to the initial development of the data centre business. The Group posted a pre-tax loss of GBP 435,000 compared with a pre-tax profit of GBP 30,000 a year ago. Revenue fell to GBP 9.6 million pounds versus GBP 10.9 million a year earlier.
Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading provider of managed IT infrastructure services, today reported its results for the quarter ended December 31, 2007. Terremark exceeded previously announced guidance with EBITDA, as adjusted, of $11.3 million and achieved 103% year-over-year growth with revenues of $50.0 million.
Level 3 Communications, Inc. (NASDAQ: LVLT) reported consolidated revenue of $1.10 billion for the fourth quarter 2007, compared to consolidated revenue of $1.06 billion for the third quarter 2007. For the full year 2007, consolidated revenue increased to $4.27 billion, compared to $3.38 billion in 2006.
Terremark Worldwide, Inc. (NASDAQ:TMRK), a leading provider of managed IT infrastructure services, has announced that it will be hosting the 2008 Terremark Investor Day on Friday, February 29, 2008 from 10 a.m. to 3 p.m. at the Company's flagship facility, the NAP of the Americas in Miami. The event will feature presentations by key members of Terremark's executive management team. These presentations will focus on Terremark's FY 2009 priorities, the Company's managed IT infrastructure services and network neutral business model, and the Company's key technology differentiators.
Ireland's former fixed line monopoly eircom has announced plans to invest more than 100 million (USD147.7 million) in a new 125,000sq ft data centre in Clonshaugh, north Dublin, that is due to open in July this year. The operator says it has agreed a contract with real estate firm Digital Realty Trust. The next generation data centre will provide enterprise and business-focused services, particularly managed service solutions.
IBM has announced that it has completed the acquisition of Cognos, the Canadian based provider of business intelligence software. IBM has made the acquisition in order to further bolster its Information On Demand strategy, and is the company's 25th acquisition in that field to date.
Aperture, a leading global provider of software for managing the physical infrastructure of data centres, has announced that after careful consideration, Aperture's board of directors has agreed in principle to Emerson's offer to acquire 100% of Aperture's share capital. The acquisition will become final once all Aperture shareholders have agreed to its terms. The financial terms of the agreement will not be disclosed. Emerson (NYSE:EMR) is a diversified global technology company that provides a wide range of products and services for a broad variety of industries and markets.
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