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Blogs about AV

Blogs	Description	Date Updated
Lexmark: Bernstein Says LBO at $60-$70 A Share Looks Doable	Lexmark (LXK) would make a good LBO candidate. And in fact, it already was one, back in 1991, when it was spun off from IBM with the private equity firm Clayton, Dubilier & Rice. The company then came public in 1995. Bernstein Research analyst Toni Sacconaghi this morning considers when another LBO would make sense, and concludes that it would - although he sees some potential stumbling blocks. “From a valuation perspective, LXK screens very attractively as an LBO candidate on severa...	June 15, 2007
Top 25 Stocks for the NEXT 25 Years: Blue Coat Systems	Filed under: Internet, 25 Stocks for Next 25 YearsThe NEXT company in my ongoing series of the Top 25 Stocks for the NEXT 25 Years is Blue Coat Systems, Inc. (NASDAQ: BCSI). This Sunnyvale, California based company has a current market capitalization of $625 million and was founded in 1996 as CacheFlow, Inc. CacheFlow changed its name to Blue Coat Systems in 2002. Blue Coat Systems makes appliances and client-based solutions that allow organizations the ability to enhance security and accelera...	June 08, 2007
Analyst downgrades 6-07-07: PG, IMCL and AV	Filed under: Analyst reports, Analyst upgrades and downgrades, Procter and Gamble (PG), ImClone Systems (IMCL)MOST NOTEWORTHY: Procter & Gamble Company (NYSE: PG), ImClone Systems Incorporated (NASDAQ: IMCL) and Avaya Inc (NYSE: AV) were today's noteworthy downgrades: Procter & Gamble was downgraded to Equal Weight from Overweight at Lehman, as the firm does not expect margin upside or sustained re-acceleration of revenue growth in FY08. Morgan Stanley downgraded shares of Im...	June 07, 2007
TPG out-of-focus on JVC deal	Filed under: Private equity, Sony Corp ADR (SNE)Since the early 1990s, private equity firm TPG has built a great reputation with turnarounds. One marquee deal was Continental. TPG has also been quite savvy with high-tech targets. For example, the firm is in the process of buying Avaya Inc. (NYSE: AV).But, it's not a complete cake-walk for TPG. Take a look at the firm's $560 deal to buyout consumer electronics company, JVC. The issue? Well, lenders are backing off. After all, interest rates have...	June 06, 2007
Prudential: More Communications M&A to Follow Avaya	In the wake of the $17.50 a share bid for corporate phone equipment maker Avaya (AV), announced last night, Prudential Securities analyst Inder Singh says more buyouts are likely in the corporate communications equipment market, which has seen less M&A activity than has the group of companies making equipment for phone companies. The $17.50 payout is a 33% premium to Avaya’s average closing price — not bad. Says Singh: Consolidation swept through the larger telco equipment ven...	June 05, 2007
Post Avaya, which high-tech company will private equity target next?	Filed under: Deals, Private equity, Avaya Inc (AV), Nortel Networks (NT), Alcatel-LucentADS (ALU), Juniper Networks (JNPR)As I posted earlier, private equity has an appetite for chips, boxes, and wires. What will it buy next? Before getting to that, it's worth pointing out that the notion of borrowing money to buy a high tech company is not that great. The reason is that high tech companies can quickly fall behind and lose market share if they don't come up with new products. And private equity...	June 05, 2007
Through The Fly's Eyes: Technology	from Theflyonthewall.comPrivate Equity Shifts Gears To TechnologyPrivate equity and investors in general are beginning to open up their pocketbooks for technology. Palm (PALM) announced a deal with Elevation Partners which agreed to invest $325 million for a 25 percent stake in Palm.Also, Avaya (AV) is being picked up for a nice premium, $17.50 per share or $8.2 billion by Silver Lake Partners and TPG Capital.Ciena (CIEN) went to market and issued $450 million in convertible debt. And earlier th...	June 05, 2007
Silver Lake Partners and TPG take out Avaya	Filed under: Other issues, Deals, Private equity, ALLTEL Corp (AT), Avaya Inc (AV), Goldman Sachs Group (GS)The trend of private equity firms buying out high tech companies continues. According to Bloomberg News, Silver Lake Partners and TPG will take Avaya Inc. (NYSE: AV) private for $8.2 billion -- the biggest LBO of a computer networking firm ever. Investors will receive $17.50 a share. That's 4.7% more than yesterday's closing price and 28% more than before speculation about a purchase surfa...	June 05, 2007
Private equity shifts gears to technology	Filed under: Ciena Corp (CIEN), Sun Microsystems (SUNW), Palm Inc (PALM), Bargain stocksPrivate equity and investors in general are beginning to open up their pocketbooks for technology. Palm Inc (NASDAQ: PALM) announced a deal with Elevation Partners which agreed to invest $325 million for a 25 percent stake in Palm.Also, Avaya Inc (NYSE: AV) is being picked up for a nice premium, $17.50 per share or $8.2 billion by Silver Lake Partners and TPG Capital.Ciena Corporation (NASDAQ: CIEN) went to m...	June 05, 2007
Today in Money & Finance - Tuesday, June 5 -- iPhone, Insurers Tattle on Kids, Decadent Hotels & Gourmet Foods on a Budget	Filed under: Products and services, Industry, Time Warner (TWX), Money and Finance Today, Avaya Inc (AV), News Corp'B' (NWS), Dow Jones and Co (DJ), iPhoneIn the News: · Bernanke Says Inflation Risks Remain · Oil Steady as Fears Ease on Gulf Storm · Murdoch Labels Dow Jones Talks Constructive · Avaya OKs $8.2B Private Equity Buyout · Honda Will Quit Making Hybrid Accords · Pizza Hut Offers Online Ordering · Concerns Emerge Over iTunes User ...	June 05, 2007

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