Month: July 2004

Categories
ipo

ATX Drops Out of Race

Forbes: Forget ATX Group ATX Group of Irving, Tex., provides what it calls “telematics services” to the auto industry. In plain English, that’s two-way voice and data service, including voice-activated emergency response, between a subscriber’s car and the company’s centers via satellite link.

In plainer English, think OnStar, which is owned by GM. Forbes also noted that “ATX Group is a solid company in a growing sector, but a risky IPO.” Apparently, the company agreed and withdrew its IPO, citing “adverse market conditions.” I’ve posted ATX contracts with BMW and Mercedes-Benz, as well as some employment agreements.

Categories
corporate buzz

Donut King’s Filings Have Holes

Bloomberg: Krispy Kreme Probed by SEC on Accounting, Forecasts Krispy Kreme Doughnuts Inc., the second-biggest U.S. doughnut chain, said the Securities and Exchange Commission is investigating how the company accounted for the repurchase of franchises and earnings forecasts.

Krispy Kreme was buying back franchises and it didn’t disclose that the CEO’s ex-wife was one of the sellers. That doesn’t sound good. I’ve posted Krispy Kreme contracts so you can see what the company has disclosed in the past.

Categories
corporate buzz

BroadVision Broadsided

CFO.com: BroadVision Receives Wells Notice The provider of self-service web applications announced that it has received a Wells notice, which indicates that the SEC staff has made a preliminary decision to recommend that the commission bring a civil action.

I’ve added BroadVision contracts to the site, as well as those from its competitors. For BroadVision, the contracts of interest include employment agreements and leases.

For Art Technology Group, I’ve posted some employment agreements and software license agreements. BackWeb Technologies features some marketing agreements, license agreements, and OEM agreements. Plumtree Software features employment agreements, OEM agreements and software license agreements. SeeBeyond Technology features employment agreements and leases. Finally, Vitria Technology includes leases, services agreements, employment agreements and severance agreements.

Categories
ipo private equity

Initial Public Tax Deductions

MLive.com: IPOs Struggle in Poor Showing for New Issues Demand for IPOs, already weak this year, took a turn for the worse Thursday. Three of five companies to price initial public offerings Thursday — including the $1 billion deal for phone book company Dex Media Inc. — priced well below expectations, while the other two priced at the bottom of estimates.

With so many IPOs, everyone is bound to find some contract to pique their interest. For the Fahrenheit 9/11 crowd, management consulting agreements between Dex Media and The Carlyle Group should satisfy them. Dex Media also filed those ever-popular employment agreements.

For outsourcers, Kanbay provided consulting agreements with Household International and Morgan Stanley.

Finally, for the tech crowd, Blackbaud filed a Software Transition Agreement between it and the United Way of America.

Categories
litigation

WordLogic Settles Copyright Suit

Techweb: HP, WordLogic Settle Lawsuit Hewlett-Packard Co. has settled a lawsuit in which WordLogic Corp. accused the company of using its software for handheld computers without a license, the company said Friday.

View WordLogic contracts. WordLogic did not provide a copy of its license with Compaq Computer, but I did find a Software Distribution Agreement between WordLogic and Handango.

Categories
ipo

Dreaming Green

BusinessWeek: DreamWorks’ IPO, Disney’s Nightmare. The hits just keep on coming for Michael Eisner — and not necessarily the good kind. The Disney (DIS) chief executive, under fire for apparently driving away Steve Jobs’s Pixar Animation (PIXR ) unit, now has to watch his one-time studio chief Jeffrey Katzenberg take dead aim at Disney’s animation stronghold.

DreamWorks Animation Inc. filed its IPO yesterday. Unfortunately, no material contracts were included in its filing. There will be some interesting agreements that will be filed later by amendment though, including employment/consulting agreements with Katzenberg, Geffen and Spielberg. Stay tuned.

Categories
ipo

Full House on Wall Street

Centre Daily Times: Poker is entertaining, but don’t bet on it making it into the Olympics. The Discovery Channel, quite an appropriate name, discovered it could take poker to a new level. It’s World Poker Tour, with compelling commentary from Vince Van Patten and Sexton, has become one of the top-rated shows on cable.

Interestingly, WPT Enterprises filed for an IPO. So, World Poker Tour contracts are now available, including its contract with the Travel Channel. If you are interesting in the gaming industry, see The Donald’s employment agreement with Trump Hotels & Casino Resorts as well as various Indian gaming contracts with Lakes Entertainment.

Categories
ipo

Lindows Settles Licrosoft Suit

Seattle PI: Microsoft agrees to pay Lindows Inc. to settle suit over Windows. Microsoft Corp. resolved one of its more troublesome legal challenges Monday, agreeing to pay $20 million to Lindows Inc., a small company led by an outspoken entrepreneur who wanted to invalidate the valuable Windows trademark.

View Lindows contracts from its IPO filing, including the Confidential Settlement Agreement and Mutual Release of Claims between Microsoft and Lindows, as well as various employment, licensing and distribution agreements.

Categories
corporate buzz

Rigged Bank

NY Times: PNC Financial Services Group Inc. to Buy Embattled Riggs Bank for $779 Million. Riggs, an old-line Washington institution with deep ties to the diplomatic community, is under congressional investigation for allegedly helping hide money for former Chilean dictator Augusto Pinochet and other lapses.

View Riggs Bank contracts.

Categories
corporate buzz private equity

Fahrenheit 9/11

View contracts from the Carlyle Group and United Defense, two companies mentioned in Michael Moore’s latest documentary.

Also, see Dick Cheney’s Employment Agreement and other Halliburton contracts.

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