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By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | April 30, 2004
Internet search giant Google Inc. filed its highly anticipated initial public offering plan yesterday, revealing details for the first time about its profitable business and its expectation of raising $2.7 billion in the most-watched technology deal since the dot-com investment meltdown four years ago. In keeping with its founders' quirky management style, anti-big business sentiment and "Don't be evil" motto, the Mountain View, Calif., company said it will hold an online auction designed to give the public a better chance to purchase stock before shares begin trading.
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BUSINESS
By NEW YORK TIMES NEWS SERVICE | April 24, 2004
SAN FRANCISCO - Google, the Web-search company that has developed a huge popular following around the world, is expected to take a tentative first step next week toward a public stock offering, a person close to the company said yesterday. But it is likely to stop short of filing a formal registration to sell shares, he said. In recent days, speculation on Wall Street and in Silicon Valley has reached a fever pitch over Google's long-awaited offering, which has become the most highly anticipated event in the technology world here since the dot-com boom collapsed in early 2001.
NEWS
By Tricia Bishop and Tricia Bishop,SUN STAFF | May 28, 2003
Life in Howard County has taken some unexpected turns over the past few years, prompting a nonprofit group to try to map its future. "The environment is very different in 2003 than in '97, '98, '99, and there are lots of unintended consequences," said Ron Carlson, who is on the board of directors of Vision Howard County, a civic group working to better the county's quality of life through private and public collaborations. Group members point to many changes over the past few years: Howard's definition of safety was altered by terrorist and sniper attacks.
BUSINESS
By BLOOMBERG NEWS | May 28, 2003
NEW YORK - Frank P. Quattrone, former head of Credit Suisse First Boston's technology-banking unit, pleaded not guilty in Manhattan federal court yesterday to charges that he obstructed an investigation into how the bank doled out new stock offerings. Federal prosecutors say that Quattrone forwarded a subordinate's memo encouraging employees to "catch up on file cleaning" and added his own endorsement. The original memo, reminding employees of the company's document retention policy, was meant as a directive to destroy evidence, prosecutors allege.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | February 28, 2003
Antex Biologics Inc., a cash-strapped biopharmaceutical company in Gaithersburg, said yesterday that it canceled a public offering that would have raised more than $5 million - enough to keep it operating the rest of this year. The underwriter, Roan/Meyers & Associates LLP, notified Antex that it could not complete the offering of stocks and warrants within the time frame that the company had anticipated, Antex said in a statement yesterday. Antex, which has 12.4 million shares outstanding, had filed for the stock sale in October.
BUSINESS
By BLOOMBERG NEWS | July 31, 2002
NEW YORK - AT&T Corp. and AOL Time Warner Inc. might unwind their Time Warner Entertainment venture by offering shares of the partnership's cable television systems to the public as demand for initial public offerings declines. Yesterday, the two companies put off a public sale of AT&T's stake in the partnership to pursue "an alternative transaction" with Comcast Corp., AT&T said in a statement. Comcast is buying AT&T's cable business for about $52 billion in stock and assumed debt, a transaction expected to close by year-end.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | February 9, 2002
Baltimore-based Municipal Mortgage & Equity LLC said yesterday that it raised $74 million from a public stock offering of 3 million shares. It will use the money to make further investments in rental-housing projects. The firm, commonly known as MuniMae, provides financing - both through loans and through equity investments - for apartments, assisted living and other types of rental developments throughout the country. MuniMae made nearly $1 billion in investments last year, and the money from the offering, in which shares sold for $24.70 each, will go toward making the amount even larger this year, Chairman and Chief Executive Officer Mark K. Joseph said yesterday.
NEWS
By NEW YORK TIMES NEWS SERVICE | August 10, 2001
BELFAST, Northern Ireland - For the first time in Northern Ireland's current stalemate, the Irish Republican Army offered publicly yesterday to put its arsenal of explosives, rifles and mortars "completely and verifiably beyond use." But the 11th-hour gesture failed to break a deadlock that threatens the province's political institutions with at least temporary shutdown by the weekend. The prospect of a suspension of Northern Ireland's 108-seat Assembly inspired increasing acrimony across the province's divide, raising the possibility that the IRA's disarmament offer could be withdrawn if British authorities go ahead with the shutdown.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | May 15, 2001
Taking advantage of its soaring stock price and growing electricity demand across the country, Orion Power Holdings Inc. plans to sell 13 million shares of common stock in a public offering. The move should net the Baltimore-based energy marketer the millions it needs to build new power plants, industry analysts said yesterday. This will be the company's second offering since going public Nov. 17, when it raised $443.5 million by selling 27,500,000 shares of common stock. Upon completion of the latest offering, the company will have 103,483,003 outstanding shares of stock.
BUSINESS
By Julie Bell and Julie Bell,SUN STAFF | December 13, 2000
GenVec Inc., faced with what one analyst described as a "do-or-die" situation, pushed ahead yesterday with its initial public offering despite weak demand that forced the company to settle for tens of millions of dollars less in proceeds than initially planned. The Gaithersburg developer of gene therapies grossed about $38 million from the sale of 4 million shares, but only after slashing the offering price for the second time in two days. Presuming a standard underwriting fee of 7 percent, GenVec likely will net only about $35 million - well below the $54.6 million it had targeted at first.
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