Pinault-Printemps Redoute to sell holding in Rexel
292562
LONDON, November 30  - Pinault-Printemps Redoute SA (PPX.FSE) plans to sell its controlling stake in the electrical parts distributor, Rexel (RXL), to a group of private firms for â¬1.92 billion ($2.55 billion).
421897
Red Hat (NOVL:Nasdaq - news - research) got its second upgrade in two week Tuesday, and promptly leaped northward. In recent trading, shares of the Linux Vendor were up $1.42, or 10.6%, to $14.84 in heavy volume.
27772
Ottawa has set a price per share of C$64.50 ($50.42) in the sale of its 19 percent stake in Petro-Canada (PCA.TO: Quote, Profile, Research) , as analysts
719783
(InfoWorld) - Red Hat Inc.'s woes this week raise the issue of whether IT investors are turning sour on open source. A somewhat disappointing forecast for the next quarter has investors fleeing, just as they have from the company's open-source rival, Novell Inc. A close analysis of the situation, however, may give savvy investors -- and open-source advocates -- courage. Red Hat's problems are probably more short-lived than Novell's. Red Hat investors are rattled: Company shares (RHAT) have lost almost US$5 in value over the last week, closing Thursday at $20.59, down $0.38 for the day. On Tuesday, Red Hat reported solid second-quarter earnings per share of $0.11, on revenue of $99.7 million. This beat expectations of analysts polled by Thomson First Call, of EPS of $0.10 on sales of $97.5 million. The problem was the company's forecast for next quarter: revenue of $103.5 million to $105.0 million, compared with the consensus estimate of $106 million. Even before these numbers came out, analysts were questioning the company's ability to execute a smooth merger with Jboss. Up until recently, investors bought into Red Hat's strategy to move up the software stack. The Jboss acquisition gives it an application server. But disappointing cash flow suggest problems with executing this strategy, and even perhaps some push-back from customers. Four different brokerages in the past month have downgraded their advice on Red Hat stock, with Soleil Securities Group Inc. recommending a "sell." But not all analysts are dour. Banc of America and UBS analysts, for example, have issued reports saying that Red Hat's problems are probably temporary, and that the company's strategy could still pay off with increased sales in the next few quarters. Novell could face more long-term problems. The company has had trouble articulating a coherent strategy. And even though Novell sold its stake in Celerant Consulting to focus on core open-source software, stand-alone Linux sales for the company hover around just $10 million. But it's hard to analyze Novell's business using up-to-date figures, since the company postponed its quarterly report earlier this month, as it completes a voluntary internal review around the granting of stock options to employees. Novell may have to restate earnings. The delay in its earnings report caused the Nasdaq to issue a delisting notice. So far, Novell has been able to stay listed, by protesting the notice and requesting a review process. The next few months should clarify issues around the two companies. Novell needs to get its internal review done, come out with earnings statements that analysts can rely on, and of course eventually show growth in new-software licenses. Red Hat has fewer hurdles to jump. An uptick in cash flow should offer assurances that its strategy to offer a broader portfolio of tools and server software is on track. REFERENCES: Novell faces delisting from Nasdaq, Sep. 21, 2006ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
560150
Red Hat said it ended its third quarter with cash and investments totaling US$979 million, according to a company statement. The company said it earned 6 cents a share in its third quarter
406648
The French bank offered millions of new shares to investors at a fire-sale price Monday, seeking to replace the more than $7 billion it lost in a trading scandal.
222309
Pinault-Printemps-Redoute, the tempest-tossed owner of fashion brands like Gucci and Yves Saint Laurent, said on Tuesday that it planned to sell its stake in the equipment
569316
Caesars Entertainment (CZR.N: Quote, Profile, Research) , which has agreed to be bought by Harrah&#39;s Entertainment Inc.(HET.N: Quote, Profile, Research) , on Friday said it plans to sell Bally&#39;s Casino New Orleans for about
645998
The Motley Fool - Investors have unloaded on many software companies lately, such as Red Hat (Nasdaq: RHAT - News), Siebel (Nasdaq: SEBL - News), Novell (Nasdaq: NOVL - News), and so on. However, with the markets perking up this week, investors are a little more sanguine about the sector -- at least for those stocks that exceed expectations.
633137
Pinault Printemps Redoute entered exclusive talks to sell its Rexel unit to an investment group, transforming the French retailer into a luxury goods
491229
Mercato teme indebitamento della holding
651244
Linux seller gets piece of $8.6 million French contract after exiting bankruptcy protection.
359614
PLYMOUTH MEETING, PA-Sunday evening, following a meeting of its board on Saturday, Dec. 18, Kramont Realty Trust has entered into an agreement to be acquired by Centro Watt America REIT III LLC for approximately
213683
Washington-based Danaher Corp. (NYSE: DHR) says it intends to make a cash offer to buy all of the shares of Linx Printing Technologies of Britain for about $158 million including transaction costs.
61343
Stocks to watch on Wednesday: MICREL INC.:
745080
Pinault Printemps Redoute entered  exclusive talks to sell its Rexel unit to an investment group,  transforming the French retailer into a luxury goods group and  slashing its debt by 3 billion euros ($3.99 billion).
759200
RedEnvelope is still in the red. Do investors have something to cheer about?