On February 29, 1996, VoiceStream launched the first auctioned PCS license in Honolulu, Hawaii, and continued to aggressively build out its PCS licenses in the western United States, based on the GSM technology platform. On May 3, 1999, VoiceStream Wireless was spun off from its parent company, Western Wireless. In February and May 2000, VoiceStream completed merger transactions with two other regional GSM service providers, Omnipoint Communications and Aerial Communications. On May 31, 2001, Deutsche Telekom AG, (NYSE:DT) based in Bonn, Germany, completed its acquisitions of VoiceStream Wireless Corp. and Powertel Inc. In April 2002, T-Mobile International began bringing its family of companies together under the T-Mobile global brand name exclusively.
Article: U.S. Sues Dragados USA, Judlau Contracting Claim Fraud By Patricia Hurtado April 4, 2012 Dragados USA is a construction company that is owned by ACS Group. ACS Group is based in Spain and Dragados is the leading company heading the North American division. Dragados USA acquired their first major construction project by entering into a joint venture with Judlau Contracting in July 2006. In order to make a name in the United States they had to venture with a company that already was already established in major construction. They structured their bid and they won two parts of the East Side Access Project which totaled more than $1.2 billion dollars.
Everyone was going to the video store for the new releases of all movies. The 20th century changed everything, bringing competitors Redbox, Video-On-Demand and Netflix. Blockbuster turned down a $50 million deal with Netflix back in 2000 but, 2010 was when Blockbuster received its first warning of failure. In March of 2010 Blockbuster received a warning of bankruptcy from their independent auditor, Price Waterhouse Cooper. However, it was not until August 26, 2010 when Blockbuster announced a pre-packaged bankruptcy, citing $900 million in debt and strong competition of Netflix, Redbox and Video-On-Demand in as contributing factors.
In 2004, Verizon Communications Inc. (VZ) was added to the Dow Jones Industrial Average, which was an extremely powerful move for Verizon, and for the telecommunications industry (“Marketwatch,” 2012). The company name, “Verizon”, was a combination of the Latin word “veritas”, meaning certainty, and “horizon”, always looking forward toward progress. With this newly merged corporation, Verizon was able to take advantage of the 7.1 million and 72 million potential GTE wireless customers, and 43 million land based Bell Atlantic customers (“Verizon,” 2012). Verizon Communications has several main products and services that are offered to customers, and are more than just a wireless provider. Verizon Wireless is the branch of the company that provides wireless phone and data solutions to consumers.
Mr. Huizinga adopted a target market saturation strategy and opened Blockbuster stores throughout the nation reaching a majority of the U.S. television market. In the late 1990’s, Blockbuster experienced increased competition from cable’s pay-per-view services and video-on-demand systems and the company’s growth began to decline in the 2000’s. In addition to this, major studios began selling movies directly to stores such as Wal-Mart. Blockbuster also began to see competition from internet and mail rental companies
In measuring the company’s cash and cash equivalent, it was clearly seen that their entire assets decreased by 24% in 2003 and almost 20% in 2004. The total debt structure of Lucent Technologies significantly decreased between 2003 and 2004. Lucent Technologies current liability decreased from 25.6% in 2003 to 24.3% in 2004, but their debt could be thought to be more as long term because these debts rose from 23% of total liabilities to 26.4% a year later. When considering the equity section of Lucent Technologies, it was shown that they had a negative representation of their shareholder equity and total liabilities in 2003 when compared to the numbers in 2004; this makes their company look more like a deficit; although it is likely that improvements will happen and the company’s current situation can improve and become less of an issue as the years progress. After evaluating Lucent Technologies balance sheet, it’s more than likely that the creditors and investors would more than likely be concerned that even though the cash and cash equivalents are decreasing, the assets are accelerating steadily.
Outline of Northern Rock Crisis Introduction 1 History Northern Rock Building Society was formed in 1965 as a result of the merger of two North East Building Societies; the Northern Counties Permanent Building Society and the Rock Building Society. During the 30 years that followed, Northern Rock expanded by acquiring 53 smaller building societies, most notably the North of England Building Society in 1994. Along with many other UK building societies in the 1990s, Northern Rock chose to demutualize and float on the stock exchange, to be able to expand their business more easily. Like many other British buildings societies at this time, Northern Rock transformed itself into a bank and mortgage institution. At its Stock Exchange flotation Northern Rock distributed shares to members with savings accounts and mortgage loans.
Systemax signed the agreement for $6.5 million which is an initial offer for the bankrupt company’s assets. There were 567 Circuit City stores nationwide, at that time it was the second largest electronics retailer store in the United State. The store first closes 155 of its location when they first filed bankruptcy in November 2008 with the intention to continue operate. However, it continues to struggle because of the lack of consumer spending and overall economic downturn during the late 2000 recession. The store continues closing its remaining locations including the release of its leases and sale of the Canadian Subsidiary.
Prior to Sony’s acquisition, Columbia was managed by a similarly synergy-ambiguous partnership with Coca Cola. With Coke unable to make the ‘free’ in-film advertising worthwhile, they set out to sell the studio. Unfortunately the studio was in poor condition in 1989, with its market share having dropped steadily from 19% in 1985 to 9.9% in 1988. Additionally, industry conditions were growing increasingly adverse. Operating profit rose at only 15% of revenues from 1979 to 1989, and studios were caught in dramatic consolidation schemes by massive corporations.
In this context the Nazis fought their first election and achieved a very creditable 32 seats in the Reichstag (6.7% of the total). By November 1924, the economic crisis in the Weimar Republic was coming to an end. The hyperinflation had been brought under control following the introduction of the Rentenmark, and unemployment had fallen by half since May to 1 5million (6.7%). In this context the Nazi policies were far less attractive and they lost seats in the Reichstag, falling to just 14 members (2.8% of the total). In May 1928, the Weimar Republic was at its popular peak.