Sign In
Free Newsletter
Recent Articles from Mike Dickinson
PictureVision becomes a subsidiary
Eastman Kodak Co. today boosted its stake in PictureVision Inc., giving it 100 percent ownership of the firm, for $90 million. Kodak (NYSE: EK) acquired a 51 percent stake in the Virginia-based PictureVision in March 1998. It has operated as a majority-owned subsidiary since then. Willy Shih, president of Digital and Applied Imaging and corporate […]
Choice One embarks on major purchase
Choice One Communications Inc. plans to acquire a Michigan firm in a deal expected to roughly double the size of the local telecommunications company. Choice One signed a definitive agreement that calls for it to pay more than $510 million in cash and stock for US Xchange LLC, a competitive local exchange carrier based in […]
Mpower beats Wall Street estimate
Mpower Communications Corp. reported its revenues increased 203 percent in its first quarter. The company also easily bested Street estimates for its losses. Mpower, a Perinton-based telecommunications firm, last week reported record revenues for the first quarter of $25.5 million, up from $8.4 million a year ago and a 26 percent increase from the fourth […]
Former Global Crossing CEO earned $11.5 million last year
Global Crossing Ltd.’s former CEO collected more than $11.5 million in cash and bonuses in 1999. The compensation included a $10 million signing bonus. Robert Annunziata, who left the firm March 2 after just one year at its helm, transformed Global Crossing from a start-up with 150 employees to a firm with 14,000 employees. He […]
Global Crossing gets $146 million
Global Crossing Ltd. received $146 million in proceeds from the extension of a recently completed preferred stock offering. The underwriters of the offering Merrill Lynch & Co. served as lead manager exercised their option to purchase 600,000 shares of stock at the $250 million offering price. The transaction closed on Tuesday. In the preferred stock […]
Global Crossing gets $146 million
Global Crossing Ltd. received $146 million in proceeds from the extension of a recently completed preferred stock offering. The underwriters of the offering Merrill Lynch & Co. served as lead manager exercised their option to purchase 600,000 shares of stock at the $250 million offering price.
Kodak Japan in joint venture deal
Kodak Japan Ltd., a subsidiary of Eastman Kodak Co., plans to form a joint venture with a Japanese paper firm. Kodak Japan and Mitsubishi Paper Mills Ltd. plan to work together to provide the Japanese market–the second-largest photographic market in the world–with photographic goods and photo processing. The combined entity will have the No. 2 […]
Kohrt to retire as Kodak tech officer
Carl Kohrt, executive vice president and chief technical officer of Eastman Kodak Co., plans to retire effective July 1. Back in 1995, Kohrt and now-president and CEO Daniel Carp shared the duties of assistant chief operating officer. Analysts viewed the two as the likely candidates to succeed then-CEO George Fisher. Some two years later Carp […]
Kohrt to retire as Kodak tech officer
Carl Kohrt, executive vice president and chief technical officer of Eastman Kodak Co., plans to retire effective July 1. Back in 1995, Kohrt and now-president and CEO Daniel Carp shared the duties of assistant chief operating officer.
Kodak Japan in joint venture deal
Kodak Japan Ltd., a subsidiary of Eastman Kodak Co., plans to form a joint venture with a Japanese paper firm. Kodak Japan and Mitsubishi Paper Mills Ltd. plan to work together to provide the Japanese market–the second-largest photographic market in the world–with photographic goods and photo processing. The combined entity will have the No.
Choice One revenues up
Choice One Communications Inc. today reported revenues shot up 90 percent during its first quarter as a public company. The telecommunications firm, which began trading publicly in February, reported revenues of $6.8 million, up from $3.6 million in the fourth quarter. The company had some $200,000 in sales a year ago. Choice One reported a […]
Choice One revenues up
Choice One Communications Inc. today reported revenues shot up 90 percent during its first quarter as a public company. The telecommunications firm, which began trading publicly in February, reported revenues of $6.8 million, up from $3.6 million in the fourth quarter.
