22. november 1999 var en mandag under stjernetegnet for ♏. Det var 325 dag på året. Præsident for USA var William J. (Bill) Clinton.
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22nd of November 1999 News
Nyheder, som de udkom på forsiden af New York Times på 22. november 1999
EFFICIENT NETWORKS BUYING CABLETRON SUBSIDIARY
Date: 23 November 1999
By Bloomberg News
Bloomberg News
Efficient Networks Inc., which makes modems for high-speed Internet access over phone lines, agreed to buy a complementary equipment business from Cabletron Systems Inc. for $860.6 million in stock. Efficient will pay 13.5 million shares for Cabletron's FlowPoint subsidiary, which makes routers that speed information on computer networks. The agreement makes Cabletron, based in Rochester, N.H., the largest shareholder of Efficient, with a 24 percent stake. Cabletron's shares rose $1 each, to $24. Efficient, based in Dallas, first sold shares to the public on July 15 at $15 each. Yesterday they jumped 23 percent, rising $15.50, to $79.25, in Nasdaq trading.
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TELEMONDE AGREES TO BUY GLOBAL COMMUNICATIONS
Date: 23 November 1999
By Bloomberg News
Bloomberg News
Telemonde Inc., an Internet voice- and data-services provider, agreed yesterday to buy Global Communications Holdings Ltd. of Britain for $160 million in cash, notes and stock to add electronic-commerce services. Global Communications, which is closely held, processes transactions for more than 2,000 online merchants -- or more than half of the existing e-commerce sites in Britain -- through its Netbanx unit. Telemonde will use Global Communications' business to expand its own prepaid calling cards, voice-mail and fax mail services. The acquisition is Telemonde's biggest and is part of the New York-based company's plan to buy companies that run Internet-based businesses in less-developed countries. Global Communications, based in Cambridge, England, operates in 20 countries.
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SWEDISH INTERNET CONSULTANT BUYING AMERICAN RIVAL
Date: 23 November 1999
By Bloomberg News
Bloomberg News
Icon Medialab International, an unprofitable Swedish Internet consulting company, agreed yesterday to buy an American rival, Nicholson NY, for as much as $76 million in stock, part of its plan to seek a listing on the Nasdaq stock market. Icon, based in Stockholm, will pay with 817,500 shares and may issue another 80,000 should Nicholson reach unspecified sales and profitability goals next year. Nicholson, based in New York, is a closely held company with 100 employees. It expects sales this year of $10.5 million.
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GOTO.COM, INTERNET SEARCH SERVICE, BUYING CADABRA
Date: 23 November 1999
By Bloomberg News
Bloomberg News
GoTo.com Inc., an Internet search service, said yesterday that it would acquire Cadabra Inc., which provides comparison-shopping services, for $250 million in cash and stock to expand its electronic-commerce offerings. GoTo.com will pay $8 million in cash and $242 million in stock for closely held Cadabra. GoTo.com offers to help guide Internet users to products, prices and other features so it can match up merchants and advertisers with its Web site visitors. The company, based in Pasadena, Calif., offers an Internet search service where merchants pay for listings. Cadabra is based in San Mateo, Calif. GoTo.com's shares fell $2.625, to $105.625.
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POTOMAC ELECTRIC ACQUIRES DUTCH GAS DISTRIBUTORS
Date: 23 November 1999
By Bloomberg News
Bloomberg News
The Potomac Electric Power Company bought 17 natural gas distribution networks from four local governments in the Netherlands for $525 million in cash, its second investment in the Dutch gas market in four months. Potomac, a Washington-based utility with 700,000 electricity customers, acquired 21 Dutch gas networks for $724 million in August. Both purchases will add to earnings this year, the company said. Potomac and other United States utilities have expanded into Europe to find new sources of revenue as they lose their monopolies over power sales at home.
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InfoSpace.com Acquisition
Date: 23 November 1999
By Bloomberg News
Bloomberg News
A provider of maps and directories to Web sites, InfoSpace.com Inc., agreed today to buy closely held eComLive.com Inc. for about $33.5 million in stock to add real-time services like video conferences. InfoSpace.com will exchange 355,618 shares of its common shares for all of eComLive.com's shares and options. EComLive.com, based in Fremont, Calif., offers Internet-based services including multimedia broadcasting.
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Pfizer and Celera in Deal
Date: 23 November 1999
By Bloomberg News
Bloomberg News
Pfizer will buy genetic information from the Celera Genomics Group, a gene-mapping company that is a unit of the PE Corporation, and collaborate on research under a five-year agreement. Pfizer will gain access to Celera's genetic databases until 2005. The databases include three billion base pairs of human DNA, or about 75 percent of all human genetic information. Celera and Pfizer will also collaborate to discover gene-based therapies. The terms of the agreement were not disclosed.
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U.S. Gasoline Price Up
Date: 23 November 1999
By Bloomberg News
Bloomberg News
The retail price of gasoline in the United States rose to its highest in three and a half years, $1.269 a gallon, in the week ended today, a government survey showed, as crude oil surged to its highest price in almost nine years. The average pump price for regular self-service gasoline rose 1.8 cents, as prices increased in all parts of the country except the Rocky Mountains, according to an Energy Department survey of 800 filling stations. That was the highest since the week ended June 3, 1996.
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DIAMONDS RETURN TO SOUTH AFRICA
Date: 23 November 1999
By Bloomberg News
Bloomberg News
The world's largest diamond producer, De Beers, is repatriating about $100 million worth of large South African-mined diamonds stockpiled in London. ''De Beers is in the process of bringing back large stones in the stockpile at the request of the Diamond Board'' of South Africa, a De Beers spokeswoman, Tracey Peterson, said. About $700 million worth of regular-sized diamonds will remain in London. The board's demand that the diamonds be returned was part of a dispute that delayed the export of De Beers's consignments twice this year.
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VALEO TO SELL LUK
Date: 23 November 1999
By Bloomberg News
Bloomberg News
Europe's No. 2 car-parts maker, Valeo S.A., will sell its stake in the German clutch maker LuK to the investment company INA Holding-Schaeffler Group, wiping out its debt and helping to finance future acquisitions. Valeo, a French company, will sell the 50 percent stake for 1.21 billion euros ($1.25 billion), giving it a capital gain after tax of 641 million euros. Valeo has been buying stakes in Japanese parts makers to exploit investment opportunities opened up by the reorganization of the Nissan Motor Company.
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