Sprint Nextel sells off "nearly all" of its towers to TowerCo for $670 million
[Via InformationWeek]
Posts with tag business
We highly doubt Art Lebedev chose the opening day of the 2008 Beijing Olympics on purpose here, but nevertheless, the design studio made famous by its Optimus Maximus keyboard will be opening up shop in the Big Apple on August 8th, 2008. At first, the store will actually be held within RCS Computer Experience at 575 Madison Ave. and E. 56th Street (on the second floor, just opposite the escalator), but if sales start pouring in, we reckon it could land its own place in due time. It is noted that this location will devote almost all of its shelf space to Optimus Maximus keyboards, but a few other electronics gizmos should be available as well. So, who's camping out for the opening?
So yeah, apparently that whole attempt to "streamline operations" back in April didn't go over so well, as Syntax-Brillian -- you know, that firm neck deep in panel partnerships and responsible for Olevia HDTVs -- has just filed for Chapter 11 bankruptcy. The Arizona-based company has also "entered into a deal to sell certain of its assets to a newly created company called Olevia International Group LLC," which has agreed to pick up some $60 million of its secured debt. We're also told that operations in Tempe have ceased, and "about eight employees" (including the finance chief, general counsel and finance staff) are sticking around with nothing better to do.
It's not like Acer's Gianfranco Lanci (shown right) was hurtin' for cash -- after all, the guy was (and still is) president of the company -- but there's just nothing quite like slapping "and CEO" on the end of said title. Approved by the outfit's Board of Directors today, Mr. Lanci has been promoted to Chairman, while the previous CEO, J.T. Wang, will serve as Acer Group CEO. From what we can tell, there's no hard feelings about any of the moves, and c'mon, it is nice to move from one corner office to another every now and then, you know?






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