Icahn recommends new Board of Directors for Dell. The special committee of the board of directors of Dell Inc has formally asked Carl Icahn for specific details of the plan to be implemented that would have the computer maker pay dividends and issue shares as he has proposed.
Software & IT services
US$20 Million Secured by Atlantis Computing in Series D
Atlantis Computing secures US$20 million in series D capital financing. Last 15th of May, 2013, Atlantis Computing announced the conclusion of its Series D financial infusion round securing US$20 million.
Acacia Raised US$20 Million
Acacia raises US$20 million from its financing round. In an announcement today from Acacia Communications, it disclosed that it concluded its financing round with US$20 million additional finances.
SunTech Obtains Creditor Reprieve Again
Suntech was able to obtain another deferment as to the loan obligations that would fall due on May 15.
Sony Share Activity Related to Loeb Announcement?
Sony Corp share activity may be related to ThirdPoint's Daniel Loeb call for the firm's restructuring.
Latest News
Twitter acquires Lucky Sort for ramping up of its keyword ad tool functionality. Twitter CEO Noah Pepper recently announced the acquisition of Lucky Sort in order to boost its ad sales and reporting functionality.
Jeff Richard appointed EVP and CFO for Checkpoint Systems. In an announcement on Monday at 11:00am EST of Checkpoint Systems, it disclosed the appointment of Jeff Richard as the new Executive Vice President and Chief Financial Officer to take effect on the 28th of May 2013.
Sharp delivers screens to both Apple and Samsung, who are locked in a bitter battle, to remain profitable and viable in the new technology market.
Icahn, seeking to fight off the Dell-Silver Lake bid, is asking investors to dig deep and put their money on the computer maker.
Icahn, in a bid of bravado, offers a couple of billion of own money for Dell bid. Billionaire investor Carl Icahn, who has just informed the Dell board of an intention to bid for the company with Southeastern Asset Management, told Reuters that he is willing to contribute a couple of billion of dollars in order to finance a bridge loan worth US$5.
Augme Tech gets loan facility from Silicon Valley Bank. Augme Technologies, Inc together with its fully owned subsidiary, Hipcricket, Inc divulged to the public last Friday that it was able to get a credit facility on its accounts receivable from the Silicon Valley Bank.
Taobao.com and Tmail.com are seeking partners as it dominates markets in China among others. The world's largest online retailer, Alibaba Group Holding Ltd is now seeking to find partners for its processing and logistics units as it tries to entice more shoppers from overseas unit right before the conduct of its IPO.
Icahn and Southeastern Asset Management sent a letter to indicate interest in bidding for the world's third largest PC maker.
Dell Corp responds to the Icahn-Southeastern Asset Management offer. On Friday, Dell Inc. issued its reply on the suggested alternative presented by Southeastern Asset Management and Carl Icahn.
