BUSINESS
Gus G. Sentementes | September 17, 2012
TeleCommunication Systems Inc. is an Annapolis company that's racked up a big portfolio of technology and intellectual property around text messaging and E-911 services. The company's got a mix of government and commercial customers, and it routinely wins multi-million dollar federal contracts. As a result, it's a big employer in the area. But its stock price isn't doing so well. After peaking nearly $10 in late 2009, it's now down to $2.23 as of this morning. And that's got J. Carlo Cannell, managing member of Cannell Capital, apparently worried enough to start pressuring TSYS to come up with a clearer vision, and consider a sale or merger.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 17, 2012
An activist investor's push for a sale or merger at TeleCommunication Systems Inc. may be gaining traction. J. Carlo Cannell has been accumulating shares and now holds a roughly 5.8 percent stake in the Annapolis company. In a letter to TCS last week, Cannell called for a sale or merger, citing the company's slumping stock price and lack of strategic direction. Such talk appears to be gathering momentum within the investment community, said analyst Scott Sutherland of Wedbush Securities, who has covered the company for several years.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | September 6, 2012
Vision Technologies Inc., a Glen Burnie-based information technology firm, said Thursday it had acquired Government Telecommunications Inc. in a move to strengthen the company's IT telecommunications services to the federal government. "This is a strategic acquisition designed to extend our federal market presence," said Vision CEO John Shetrone in a statement. Terms of the acquisition, completed Aug. 31, were not disclosed by the companies. Vision Technologies, which employs more than 300 IT workers in 22 states, has more than $180 million in federal contracts, including on-site IT support and design and installation of voice and data systems.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 13, 2010
TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets. The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock. Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | November 3, 2010
Warren Edward Bleinberger, a retired Westinghouse Electric Corp. electrical engineer and World War II veteran, died Friday at his Annapolis home of complications from a stroke. He was 89. Mr. Bleinberger, the son of an insurance broker and a music store owner, was born in Baltimore and raised in Govans. After graduating from Polytechnic Institute in 1940, he went to work for Bendix Radio in Towson as a wireman and supervisor. In 1943, he enlisted in the Navy and served as a radioman in the Pacific aboard the destroyer USS Woolsey and later the destroyer-minesweeper USS Carmick.
NEWS
By Mary Gail Hare, The Baltimore Sun | August 1, 2010
Towers — of the wind and cell varieties — will likely dominate discussion at the Monday meeting of the Baltimore County Council. Members will consider a pilot wind energy program that could give Baltimore County officials time to evaluate how those alternative systems work, what effect wind towers have on surrounding areas and what they might look like. The bill would create a pilot program to test small wind energy systems for use in manufacturing or rural areas. While cell towers are vital in ensuring that drivers and residents can get reception along the county's scenic byways, officials want to limit or at least disguise the structures in less developed areas.