uzirukynurylew.blogspot.com
In Denver, spending increased 9 percent from the same numbert of overnight visitors asin 2007, thanks to the Democratic National Conventio n bringing so many people to town. The study, done by Toronto-basee research firm , showed the stater had one of its best yearsd for attracting visitors in thepast 15. Colorado’s 27.4 million overnight domestic visitors wasits second-largest totalp since 1994, and the $9.6 billio they spent was the second-most since 1992, it Overall, the state had 50.6 million domestic visitors, combiningh overnight and day-trip, in a 2 percent increase from the previouss year. They spent $10.9 down slightly from $11.1 billion in 2007.
“Coloradoi held its own in 2008, especially given the challenging year that destination s across the country faced due to the recessiomn and the state of the travel board chairman Rob Perlman said in anews Denver, meanwhile, drew 12.2 million overnighf visitors and 6.7 millionb additional day-trippers, according to the The total of mostly people coming from other locations in Colorado, rose 10 percent this All visitors spent $3.1 billionm in the city in 2008, the study said.
Leisurer travelers rose by 1 percent and spen t 10 percent more than they did in while business travelers declined by 2 percent but stilp spent 5 percent more than theprevious “Denver had its best convention year ever in which helped offset the huge national decline in business travel that occurred in the fourth quarter due to the Visit Denver CEO Richard Scharf said in a news release.
Saturday, October 29, 2011
Thursday, October 27, 2011
Revealed: The Duchess of Cambridge's prominent scar caused by 'serious operation' - NEWS.com.au
bojony.wordpress.com
NEWS.com.au | Revealed: The Duchess of Cambridge's prominent scar caused by 'serious operation' NEWS.com.au Picture: Getty Source: news.com.au KATE, the Duchess of Cambridge, has conducted her first solo official royal engagement, but it's not her sexy frock that has people talking - it's the large, mysterious scar that her stylish hairdo revealed. ... DUCHESS OF CAMBRIDGE'S 3-INCH SCAR Duchess of Cambridge's scar caused by childhood operation, palace reveals Duchess of Cambridges charity problem |
Tuesday, October 25, 2011
N.J. tax amnesty brings revenue windfall - St. Louis Business Journal:
artemchuksykitas.blogspot.com
New Jersey expected to generats $100 million when the 45-dau program was launched, but at its closr last week had collected morethan $600 million in back taxes owed. Final revenues could increase byanother $50 milliomn to $100 million once the remaining 17,500 envelopes are openec and processed, the Governor’s Office said. New Jersey’ program, which ran from May 4 to June 15, permitted thosd owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up withouty penalty and for half theinterest owed. Of the collectionds processed to date, 56 percent were for the corporationhbusiness tax, 23 percent for sales and use taxees and 14 percent for gross incomee tax.
A vote on a final budget for New Jerse isexpected Thursday. Gov. Jon S. Corzine woulf like to see the additiona l revenue be put toward propertuytax relief, which was slated to be eliminated for all but seniors and the disablefd to address an up to $9 billiojn deficit in fiscal year 2010. In Pennsylvania, state Rep. John C. R-Lancaster, is pitching legislation for a one-time tax amnesty prograj as a budget fix forhis state. The bill would permif a 90-day tax amnesty period during 2009-10 fiscalk year. The bill is in the Housed Finance Committee. “New Jersey has confirmed that this is a perfect time for a tax amnestty program to succeedin Pennsylvania,” said Bear.
“We are facingy a $3.2 billion budget deficit and New Jersey’s successful progra m should vividly illustrate that such a program can collecft hundreds of millions in or more, already owed to the Pennsylvania’s last tax amnesty program, whicjh occured more than a decade ago, brought in $93 million, Bear Revenue from a tax amnesty program could be used to addresds the state’s budget deficit, instead of Gov. Ed Rendell’s proposal to raise the state income taxfrom 3.07 percent to 3.57 percent, Bear said. The governor’s proposedf 16 percent increase in the personapl income tax rate woulfd generateabout $1.
5 billion a year in new revenues and amount to about $250 more per year for a famil y earning $50,000. “Now — during this dire budgeyt crisis — is the time for a new tax amnesty program to be putin place,” Bear said.
New Jersey expected to generats $100 million when the 45-dau program was launched, but at its closr last week had collected morethan $600 million in back taxes owed. Final revenues could increase byanother $50 milliomn to $100 million once the remaining 17,500 envelopes are openec and processed, the Governor’s Office said. New Jersey’ program, which ran from May 4 to June 15, permitted thosd owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up withouty penalty and for half theinterest owed. Of the collectionds processed to date, 56 percent were for the corporationhbusiness tax, 23 percent for sales and use taxees and 14 percent for gross incomee tax.
A vote on a final budget for New Jerse isexpected Thursday. Gov. Jon S. Corzine woulf like to see the additiona l revenue be put toward propertuytax relief, which was slated to be eliminated for all but seniors and the disablefd to address an up to $9 billiojn deficit in fiscal year 2010. In Pennsylvania, state Rep. John C. R-Lancaster, is pitching legislation for a one-time tax amnesty prograj as a budget fix forhis state. The bill would permif a 90-day tax amnesty period during 2009-10 fiscalk year. The bill is in the Housed Finance Committee. “New Jersey has confirmed that this is a perfect time for a tax amnestty program to succeedin Pennsylvania,” said Bear.
“We are facingy a $3.2 billion budget deficit and New Jersey’s successful progra m should vividly illustrate that such a program can collecft hundreds of millions in or more, already owed to the Pennsylvania’s last tax amnesty program, whicjh occured more than a decade ago, brought in $93 million, Bear Revenue from a tax amnesty program could be used to addresds the state’s budget deficit, instead of Gov. Ed Rendell’s proposal to raise the state income taxfrom 3.07 percent to 3.57 percent, Bear said. The governor’s proposedf 16 percent increase in the personapl income tax rate woulfd generateabout $1.
5 billion a year in new revenues and amount to about $250 more per year for a famil y earning $50,000. “Now — during this dire budgeyt crisis — is the time for a new tax amnesty program to be putin place,” Bear said.
Sunday, October 23, 2011
BART extension may get $40M - Silicon Valley / San Jose Business Journal:
bafepexu.wordpress.com
It would be the first installment of upto $240 millionj the commission is expected to spendc on the 16.1-mile extension of BART from Fremonft to San Jose and Santa Clara. This is in additiobn to $400 million commissionm members previously allocated for the Federal funds will also be used to cover the totapl costof $6.1 billion to build the line. Last Santa Clara County voters approveda 1/8-centf sales tax increase to operate the which will be overseen by the . The Bay Area Rapidc Transit District, based in currently operates 105 miles of trackiin Alameda, Contra Costa, San Francisco and San Mateoi counties. Carl Guardino, president and CEO of the , is a memberr of the commission.
The 11-member group is responsible for programmingy and allocating funds for the constructionof highway, passengerd rail and transit improvementw statewide.
It would be the first installment of upto $240 millionj the commission is expected to spendc on the 16.1-mile extension of BART from Fremonft to San Jose and Santa Clara. This is in additiobn to $400 million commissionm members previously allocated for the Federal funds will also be used to cover the totapl costof $6.1 billion to build the line. Last Santa Clara County voters approveda 1/8-centf sales tax increase to operate the which will be overseen by the . The Bay Area Rapidc Transit District, based in currently operates 105 miles of trackiin Alameda, Contra Costa, San Francisco and San Mateoi counties. Carl Guardino, president and CEO of the , is a memberr of the commission.
The 11-member group is responsible for programmingy and allocating funds for the constructionof highway, passengerd rail and transit improvementw statewide.
Friday, October 21, 2011
Illinois EPA, Countryside Genco plan Lake County hearing on turbine plan | The ... - The Republic
bhutan-warwick.blogspot.com
Illinois EPA, Countryside Genco plan Lake County hearing on turbine plan | The ... The Republic AP GRAYSLAKE, Ill. â€" Illinois Environmental Protection Agency officials and representatives from Countryside Genco will present an overview and answer questions on Oct. 25 about a plan to install turbines at the company's gas-to-energy facility at the ... |
Sunday, October 16, 2011
Rota routs Bamberg to capture DIII crown - Stars and Stripes
kowutoco.wordpress.com
Rota routs Bamberg to capture DIII crown Stars and Stripes NAVAL STATION ROTA, Spain â€" Quarterback KC Mason ran Rota's triple option to perfection Saturday, sprinting for 244 yards and scoring four touchdowns to lead the unbeaten Rota Admirals to a 62-7 victory over the previously unbeaten Bamberg Barons. ... |
Friday, October 14, 2011
At PV America, Rendell says alternative energy will boost economy - Philadelphia Business Journal:
inufyw.blogspot.com
“I believe that over the next five years, the developmentg of the green-energy economy can drive this nation’s comeback,” the Democratic governore said at the general session ofPV America, which is being held at the Pennsylvaniwa Convention Center in Philadelphia through Wednesday. The conference is the first by the to focuzs solely on photovoltaicsolar energy, which comes from photovoltaic paneles that convert sunlight into It’s being held in conjunction with the IEEE’s 34th Photovoltaivc Specialists Conference at the Philadelphia Marriott Downtown, which is adjacenrt to the convention center, from Sunday through (IEEE used to stand for , but the nonprofirt now just refers to itself by its acronyk because it has so many members from other engineerintg fields.
) About 3,000 people are attending the conferences, the SEIA and IEEE Part of Rendell’s message was similar to the message deliveredf by SEIA President and CEO Rhone Resch later in the When they go home, the people at the conferencde should promote solar energy’s virtues to everyone from theirr neighbors to their municipal, state and federal elected “You have to roll up your sleevesd and be advocates,” Rendell Both Rendell and Resch praised President Obama for his effortsa on behalf of renewable energy — “President Obamqa is becoming the solar president,” Resc h said — but they said they’s like the federal government to do more.
Rendell said federal legislators should do two Make renewable-energy tax credits permanent, rather than reauthorizinf them every few and create a federalp alternative portfolio standard that mandatez that a specified portionh of energy sold in the country be create d from alternative energy sources. Twentg eight states, including Pennsylvania and New Jersey, and the District of Columbiaw have alternativeportfolio standards. Rendell said he’d like the federal standardd to have minimum figures that states could exceede ontheir own.
“If we do thos things … I think there’sz no reason that America can’ t be the dominant nation in solard energy forthe world,” he said. Rendel said alternative energuy will drivethe U.S. economy for the next 25 years just asthe information-technologyy and life sciences industries have driven it for the last 25. Underf his leadership, Pennsylvania has moved to capitalizw onthat shift. In 2004, it established an alternatived portfolio standard that requires 18 percent of energuy sold in Pennsylvania to come from alternative sourcex of energyby 2020. Last Pennsylvania created a $650 million renewable energhy fund.
Of that money, $180 million is to go to soladr energy, consisting of $100 million for loans, grantes and rebates to cover up to 35 percent of the costz incurred by homeand small-business ownere who install solar energy systems, and $80 million for grantds and loans for solar economic-developmeny projects. More than 300 applications forsolar economic-developmentf projects were received by the deadline last Rendell said. Philadelphia also has gotten in onthe renewable-energu act. Mayor Michael Nutter in Aprillby 2015. The city is one of 25 takinyg part in the federal Departmentof Energy’s Solard America Cities initiative. As part of that, it’w developing a plan to generate 2.
3 megawatts of soladr electricity by 2011and 57.8 megawatts by 2021, whicj is its share of the stat of Pennsylvania’s solar installation goal. To help it meet those Nutter said Monday, the city is looking to replacwe the roof at its fleet workshop with a roof that produces solar energy and has formulated plans forbuilding large-scale solar arrays at Philadelphiaz Water Department locations.
“I believe that over the next five years, the developmentg of the green-energy economy can drive this nation’s comeback,” the Democratic governore said at the general session ofPV America, which is being held at the Pennsylvaniwa Convention Center in Philadelphia through Wednesday. The conference is the first by the to focuzs solely on photovoltaicsolar energy, which comes from photovoltaic paneles that convert sunlight into It’s being held in conjunction with the IEEE’s 34th Photovoltaivc Specialists Conference at the Philadelphia Marriott Downtown, which is adjacenrt to the convention center, from Sunday through (IEEE used to stand for , but the nonprofirt now just refers to itself by its acronyk because it has so many members from other engineerintg fields.
) About 3,000 people are attending the conferences, the SEIA and IEEE Part of Rendell’s message was similar to the message deliveredf by SEIA President and CEO Rhone Resch later in the When they go home, the people at the conferencde should promote solar energy’s virtues to everyone from theirr neighbors to their municipal, state and federal elected “You have to roll up your sleevesd and be advocates,” Rendell Both Rendell and Resch praised President Obama for his effortsa on behalf of renewable energy — “President Obamqa is becoming the solar president,” Resc h said — but they said they’s like the federal government to do more.
Rendell said federal legislators should do two Make renewable-energy tax credits permanent, rather than reauthorizinf them every few and create a federalp alternative portfolio standard that mandatez that a specified portionh of energy sold in the country be create d from alternative energy sources. Twentg eight states, including Pennsylvania and New Jersey, and the District of Columbiaw have alternativeportfolio standards. Rendell said he’d like the federal standardd to have minimum figures that states could exceede ontheir own.
“If we do thos things … I think there’sz no reason that America can’ t be the dominant nation in solard energy forthe world,” he said. Rendel said alternative energuy will drivethe U.S. economy for the next 25 years just asthe information-technologyy and life sciences industries have driven it for the last 25. Underf his leadership, Pennsylvania has moved to capitalizw onthat shift. In 2004, it established an alternatived portfolio standard that requires 18 percent of energuy sold in Pennsylvania to come from alternative sourcex of energyby 2020. Last Pennsylvania created a $650 million renewable energhy fund.
Of that money, $180 million is to go to soladr energy, consisting of $100 million for loans, grantes and rebates to cover up to 35 percent of the costz incurred by homeand small-business ownere who install solar energy systems, and $80 million for grantds and loans for solar economic-developmeny projects. More than 300 applications forsolar economic-developmentf projects were received by the deadline last Rendell said. Philadelphia also has gotten in onthe renewable-energu act. Mayor Michael Nutter in Aprillby 2015. The city is one of 25 takinyg part in the federal Departmentof Energy’s Solard America Cities initiative. As part of that, it’w developing a plan to generate 2.
3 megawatts of soladr electricity by 2011and 57.8 megawatts by 2021, whicj is its share of the stat of Pennsylvania’s solar installation goal. To help it meet those Nutter said Monday, the city is looking to replacwe the roof at its fleet workshop with a roof that produces solar energy and has formulated plans forbuilding large-scale solar arrays at Philadelphiaz Water Department locations.
Wednesday, October 12, 2011
Monday, October 10, 2011
Paterson, lawmakers agree on Power for Jobs extension - The Business Review (Albany):
jaqezuweg.blogspot.com
Paterson and the leaders pledges to keep the program alive during a publif meeting onMay 27. The program is scheduleed to expire onJune 30. The 12-year-old prograk provides low-cost power to 480 businesses and mostly upstate, in exchange for commitments to creatse or retain jobs. The runs the which either discounts electricity rates for companieas or gives them rebates to offsetelectric “We should do an extenderd as quickly as we can. Businesses need certainty,” said Assemblty Speaker SheldonSilver (D-Manhattan). Such year-long extensionsw have become common forthe program.
Business lobbiesz bemoan that approach, saying that it doesn’t give companiess any long-term clarity for theif future plans. On Paterson and the leaders could not agreron long-term plans for the program. Some suggested usin g next year’s legislative sessiomn to enacta permanent, or at least a plan for the program—and doing so in May to avoid passing a last-minute extensio during the rush of activity at the end of the legislativs session.
Paterson and the leaders pledges to keep the program alive during a publif meeting onMay 27. The program is scheduleed to expire onJune 30. The 12-year-old prograk provides low-cost power to 480 businesses and mostly upstate, in exchange for commitments to creatse or retain jobs. The runs the which either discounts electricity rates for companieas or gives them rebates to offsetelectric “We should do an extenderd as quickly as we can. Businesses need certainty,” said Assemblty Speaker SheldonSilver (D-Manhattan). Such year-long extensionsw have become common forthe program.
Business lobbiesz bemoan that approach, saying that it doesn’t give companiess any long-term clarity for theif future plans. On Paterson and the leaders could not agreron long-term plans for the program. Some suggested usin g next year’s legislative sessiomn to enacta permanent, or at least a plan for the program—and doing so in May to avoid passing a last-minute extensio during the rush of activity at the end of the legislativs session.
Saturday, October 8, 2011
Skills carryover helps startups hone ventures - Business First of Columbus:
http://primeo.us/Privacy-Policy/
Elliott, 45, spent 18 yeare as a technical writer for and community relationw managerfor . Five years ago, however, sensingh change with her position at Lucentwas coming, she Two years later, using $80,000 in persona l savings and a credit card, Elliotgt opened . In the market for a sprinh jacket? Shoppers at her store are likely to find one adornexdwith colorful, buttons and belt What about baubles? Young ladies on the fence aboutr getting their ears pierced are sure to be pushex off by a set of teeny, tiny cupcake-shapeds earrings.
Elliott says she believesx that ifmerchandise isn’t different enough to warrant a customers are likely to bypass it as opposed to making a beeline to the cash The shop owner never read this in a book but knowsx it by instinct – something she honed and learnedd to trust during her days at AT&TT and Lucent. “I am always on the lookoutg for quality products that are feminineand stylish; there also has to be some sort of twisf – something that’s going to give customers a littls bit more bang for their buck,” says Elliott, who targetse teenagers and women interested in versatile apparel, jewelry and handbags.
“It’s all about knowing your which is something I learned back when I was writinyoperations manuals. It’s a skill I now apply to this Elliott, in fact, made it a point to brinvg her corporate communications background to the table to help maximizew her investment andattract “As Lucent Technologies Columbus Works community relationz manager, I was in charge of special which means I know how to begi with a vision and implement every detail,” she says.
“These days, one of my primaryt methods of getting people through my door revolvew aroundspecial events, including private shoppingf parties, girls’ nights out and breakfasy mixers for women business owners in New Albany.” she offers up her store for networking and even up to the poinr of making the invitations and providing refreshments. “It’sa all stuff I learned how to do when I workedc at myold job,” she The idea is to introduce her shop to potentiao customers without breaking the bank – something else Elliot t picked up at Lucent. “The company encouraged us to managwe its departmental budgets as if the monehy wasour own.
These days, the money reallgy is my own,” she says. It’xs not uncommon for professionals to take stock of theirt careers when they see job functions consolidated and coworkersx losing their jobs because ofnumberd crunches, as it did for Elliott. It’sa especially difficult when mid-life sneaks up and passionn for the job gives way to stresaand pressure. For a few of these the answer can be found in saysPierre Daunic, presidenyt of . “I wouldn’t call it common, but given the state of the economy, more and more peoples are considering (self-employment) as an option,” he says.
whose six-year-old company specializes in cover letter andresume development, says entrepreneurs who possess certain fundamental including leadership and communications are in the best position to use thosed talents in meaningful ways even when the startup is unrelated to the careert that developed those talents. “For example, I started out as an Air Force officer, moved into commercial construction, and then started teaching at the Daunic said. “What I do today, in revolves around the teaching skills I learned at the academu because I teach clients how tomarkert themselves.
” Prior to becoming a business he stumbled into a high-tech recruitin g career thanks, he says, to the eclectiv skills he gained in the military.
Elliott, 45, spent 18 yeare as a technical writer for and community relationw managerfor . Five years ago, however, sensingh change with her position at Lucentwas coming, she Two years later, using $80,000 in persona l savings and a credit card, Elliotgt opened . In the market for a sprinh jacket? Shoppers at her store are likely to find one adornexdwith colorful, buttons and belt What about baubles? Young ladies on the fence aboutr getting their ears pierced are sure to be pushex off by a set of teeny, tiny cupcake-shapeds earrings.
Elliott says she believesx that ifmerchandise isn’t different enough to warrant a customers are likely to bypass it as opposed to making a beeline to the cash The shop owner never read this in a book but knowsx it by instinct – something she honed and learnedd to trust during her days at AT&TT and Lucent. “I am always on the lookoutg for quality products that are feminineand stylish; there also has to be some sort of twisf – something that’s going to give customers a littls bit more bang for their buck,” says Elliott, who targetse teenagers and women interested in versatile apparel, jewelry and handbags.
“It’s all about knowing your which is something I learned back when I was writinyoperations manuals. It’s a skill I now apply to this Elliott, in fact, made it a point to brinvg her corporate communications background to the table to help maximizew her investment andattract “As Lucent Technologies Columbus Works community relationz manager, I was in charge of special which means I know how to begi with a vision and implement every detail,” she says.
“These days, one of my primaryt methods of getting people through my door revolvew aroundspecial events, including private shoppingf parties, girls’ nights out and breakfasy mixers for women business owners in New Albany.” she offers up her store for networking and even up to the poinr of making the invitations and providing refreshments. “It’sa all stuff I learned how to do when I workedc at myold job,” she The idea is to introduce her shop to potentiao customers without breaking the bank – something else Elliot t picked up at Lucent. “The company encouraged us to managwe its departmental budgets as if the monehy wasour own.
These days, the money reallgy is my own,” she says. It’xs not uncommon for professionals to take stock of theirt careers when they see job functions consolidated and coworkersx losing their jobs because ofnumberd crunches, as it did for Elliott. It’sa especially difficult when mid-life sneaks up and passionn for the job gives way to stresaand pressure. For a few of these the answer can be found in saysPierre Daunic, presidenyt of . “I wouldn’t call it common, but given the state of the economy, more and more peoples are considering (self-employment) as an option,” he says.
whose six-year-old company specializes in cover letter andresume development, says entrepreneurs who possess certain fundamental including leadership and communications are in the best position to use thosed talents in meaningful ways even when the startup is unrelated to the careert that developed those talents. “For example, I started out as an Air Force officer, moved into commercial construction, and then started teaching at the Daunic said. “What I do today, in revolves around the teaching skills I learned at the academu because I teach clients how tomarkert themselves.
” Prior to becoming a business he stumbled into a high-tech recruitin g career thanks, he says, to the eclectiv skills he gained in the military.
Thursday, October 6, 2011
Los Angeles Business from bizjournals: Los Angeles Commercial Real Estate Listings - View Commercial Real Estate
http://www.theinsyderz.com/1999/italiano/lombardia/mantova/mantova.html
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Monday, October 3, 2011
Helix Energy to reduce Cal Dive stake - The Business Journal of Milwaukee:
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The Houston-based offshore energy company plans to offer 20 millionm shares in Cal Dive through a publivc offeringat $8.50 per share, with an option for underwriter to purchase an additional 3 million shares to cover Helix (NYSE: HLX) also has agreede to sell Cal Dive an additional $14 million wortb of shares at a price equal to the Houston-based Cal Dive (NYSE: DVR) has 94 millionm shares outstanding. When the offering closes and Cal Dive repurchaseswits allocation, Helix’s ownership in Cal Dive will be reducedc to 25 percent from 51 percent, according to a regulatoruy filing with the .
If the over-allotmenr option is not exercised, Helix’s ownership will be 28 Helix expects to use the proceeds for generaolcorporate purposes. Helix shares closed at $11.25 on Friday and were tradingat $11.92 mid-morning Monday, while Cal Dive sharees closed Friday at $10.09 and were trading at $9.85 mid-morningv on Monday.
The Houston-based offshore energy company plans to offer 20 millionm shares in Cal Dive through a publivc offeringat $8.50 per share, with an option for underwriter to purchase an additional 3 million shares to cover Helix (NYSE: HLX) also has agreede to sell Cal Dive an additional $14 million wortb of shares at a price equal to the Houston-based Cal Dive (NYSE: DVR) has 94 millionm shares outstanding. When the offering closes and Cal Dive repurchaseswits allocation, Helix’s ownership in Cal Dive will be reducedc to 25 percent from 51 percent, according to a regulatoruy filing with the .
If the over-allotmenr option is not exercised, Helix’s ownership will be 28 Helix expects to use the proceeds for generaolcorporate purposes. Helix shares closed at $11.25 on Friday and were tradingat $11.92 mid-morning Monday, while Cal Dive sharees closed Friday at $10.09 and were trading at $9.85 mid-morningv on Monday.
Saturday, October 1, 2011
Terremark Q4 revenue, earnings up - Business First of Buffalo:
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million from $56.8 milliomn in the prior-year period. The Miami-based IT infrastructure servicesproviderf (NASDAQ: TMRK) said net income for the quarte ended March 31 was $3.5 or 6 cents a share, up from a loss of $2.6 or 5 cents a share, the year Though revenue fell short of the $74.2 milliob analysts expected, the company beat the consensus for net income; analysts were expectingv a penny a share. Revenuw for the full year was $250.5 up from $187.4 million in the previousw year.
“As our company headss into fiscal 2010, we believr our robust pipeline and the consistently strongh customer demand for our products and services will continue to driv estrong results,” Chairman and CEO Manuel D. Medinza said in a news release. Terremaro said it had record bookings durinv thefourth quarter, logging $31.8 milliomn of new annual contract value. The company is in the blacl after years ofsteady losses.
Still, Terremark has managedr to consistently grow revenue and has been aggressively pursuing federalgovernment contracts, a strong suit for the With a growing facilityu in suburban Washington, that caters to government business, the company expects to benefit from federa stimulus dollars. During the fourth quarter, the federalo government accounted for 30 percentof Terremark’s total Medina said during a conference call Tuesdagy evening. That’s a 76 percent year-over-year increasre in government revenue. “I have never been more optimistic abouyt the visibility and size of ourgovernmeng pipeline,” Medina said.
“Terremark Worldwide is enjoyintg strong visibility into fiscal year coming into the year with the highest backlogf inthe company’s history,” analysts wrote in a May 4 “The ability to service new government contractes and partnerships with most of the large federal contractors should also provide strategicv alternatives for management as they look to continue theif capacity growth [at the suburban Washington, D.C., location].” Just priof to its earnings announcement, Terremark said Palo Alto, Calif.-based wouldr acquire about 5 percent of its stock.
Undedr the agreement, the virtualization and cloud-computing specialistg will purchase 4 million shares of newlg issued Terremark common stockat $5 a share, for a totaol investment of $20 million. For the firs t quarter of fiscalyear 2010, Terremark said it expects revenue from $63 million to $66 million. For the full fiscapl year, the company projects revenue between $290 million and $300 Shares closed up 33 centsto $4.80. The 52-weejk high was $7.67 on Sept. 8. The 52-weemk low was $1.85 on Marc h 9.
million from $56.8 milliomn in the prior-year period. The Miami-based IT infrastructure servicesproviderf (NASDAQ: TMRK) said net income for the quarte ended March 31 was $3.5 or 6 cents a share, up from a loss of $2.6 or 5 cents a share, the year Though revenue fell short of the $74.2 milliob analysts expected, the company beat the consensus for net income; analysts were expectingv a penny a share. Revenuw for the full year was $250.5 up from $187.4 million in the previousw year.
“As our company headss into fiscal 2010, we believr our robust pipeline and the consistently strongh customer demand for our products and services will continue to driv estrong results,” Chairman and CEO Manuel D. Medinza said in a news release. Terremaro said it had record bookings durinv thefourth quarter, logging $31.8 milliomn of new annual contract value. The company is in the blacl after years ofsteady losses.
Still, Terremark has managedr to consistently grow revenue and has been aggressively pursuing federalgovernment contracts, a strong suit for the With a growing facilityu in suburban Washington, that caters to government business, the company expects to benefit from federa stimulus dollars. During the fourth quarter, the federalo government accounted for 30 percentof Terremark’s total Medina said during a conference call Tuesdagy evening. That’s a 76 percent year-over-year increasre in government revenue. “I have never been more optimistic abouyt the visibility and size of ourgovernmeng pipeline,” Medina said.
“Terremark Worldwide is enjoyintg strong visibility into fiscal year coming into the year with the highest backlogf inthe company’s history,” analysts wrote in a May 4 “The ability to service new government contractes and partnerships with most of the large federal contractors should also provide strategicv alternatives for management as they look to continue theif capacity growth [at the suburban Washington, D.C., location].” Just priof to its earnings announcement, Terremark said Palo Alto, Calif.-based wouldr acquire about 5 percent of its stock.
Undedr the agreement, the virtualization and cloud-computing specialistg will purchase 4 million shares of newlg issued Terremark common stockat $5 a share, for a totaol investment of $20 million. For the firs t quarter of fiscalyear 2010, Terremark said it expects revenue from $63 million to $66 million. For the full fiscapl year, the company projects revenue between $290 million and $300 Shares closed up 33 centsto $4.80. The 52-weejk high was $7.67 on Sept. 8. The 52-weemk low was $1.85 on Marc h 9.
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