Advertisement
HomeCollectionsWilliam Blair
IN THE NEWS

William Blair

FEATURED ARTICLES
BUSINESS
By IDD, Bloomberg Business News | August 17, 1992
Issuer... ... ..... .... ... Type... Shares(mil).... ManagerAlden Press Co. . ... ... .. IPO .... 3.2 ... ... ... William BlairBlackrock 2001 Term Trust .. IPO ... 10 ... ... ... ..PrudentialCostar ... ... ... ... ... ..IPO .... 1.65... ... ... Alex. BrownDanskin... ... ... ... ... ..IPO... . 3 ... ... ... ..StephensEmpire of America Realty ... IPO... . 3 ... ... ... ..Prudential Image Premastering Services..IPO... . 1.1... ... ... .John KinnardLayne ... ... ... .. ... ... IPO... . 2 ... ... ... ..Alex.
ARTICLES BY DATE
BUSINESS
By Gus G. Sentementes | gus.sentementes@baltsun.com | March 6, 2010
A battle is brewing between Hunt Valley's Tessco Technologies Inc. and its largest outside shareholder - and in some ways, it's already gotten personal. Discovery Group, a Chicago-based investment firm that owns 14.2 percent of Tessco's stock, said it has been contacted by several companies that failed to get a response from Tessco's leadership to discuss a possible acquisition. So Discovery went public with its concerns Friday, revealing it had advised the company in a letter on Thursday that it should hire an investment bank to review any potential deals.
Advertisement
NEWS
February 20, 2003
On February 17, 2003, HARRY J. BLAIR; a veteran of World War II serving in the 8th Air Force; beloved son of the late Catherine and August Blair; dear brother of William J. Blair and Dorothea Kenty; loving uncle of William Blair, Jr. and his wife Betty and John J. Kenty and his wife Denise. Also survived by many great-nieces and -nephews. Friends may call at the family owned Leonard J. Ruck, Inc. Funeral Home, 5305 Harford Road (at Echodale) on Thursday 2 to 4 and 7 to 9 P.M. A Funeral Mass will be celebrated on Friday, 10 A.M. at St. Dominic's Church.
BUSINESS
By Gus G. Sentementes | gus.sentementes@baltsun.com | March 5, 2010
A battle is brewing between Hunt Valley's Tessco Technologies Inc. and its largest independent shareholder – and in some ways, it's already gotten personal. Discovery Group, a Chicago-based investment firm that owns 14.2 percent of Tessco's stock, said that it was contacted by several companies that failed to reach Tessco's leadership to discuss a possible acquisition. So Discovery went public with its concerns Friday, revealing it had advised the company in a letter on Thursday that it should hire an investment bank to review any potential deals.
NEWS
February 4, 2001
Catherine Y. Alexander, 78 gardener, champion golfer Catherine Young Alexander, an avid gardener and golfer, died of pneumonia Thursday at her North Baltimore home. She was 78. Mrs. Alexander, a former Green Spring Valley resident, had made her home at Devon Hill in North Baltimore since 1992. She was a member of the Maryland Daffodil Society, and her daffodils had won many awards through the years. She had been a member of the Garden Club of 20 since 1948 and served as a judge for the Garden Club of America.
BUSINESS
By Andrew Ratner and Andrew Ratner,SUN STAFF | March 10, 2001
Shares of Tessco Technologies Inc. fell 22 percent yesterday after the Hunt Valley telecommunications equipment maker lowered its expectations for its fourth quarter and fiscal year, which end April 1. Tessco shares fell $3.63, to close at $12.88 on the Nasdaq stock market yesterday. The company blamed its lower expectations on reduced demand for wireless telecommunications products, excess inventories and an overall tightening of capital investments in an anxious economy. It expects revenue growth of about 5 percent for the 2001 fiscal fourth quarter compared with a year ago, with earnings per share in the break-even to 5-cent range.
BUSINESS
BY A SUN STAFF REPORTER | July 15, 2000
Tessco Technologies Inc., the Hunt Valley telecommunications equipment maker, said yesterday that first-quarter revenue surged 44 percent, pushing up net income by a third, partly because of growing demand for products for the wireless communications industry Net income was $1.6 million, or 34 cents per diluted share, compared with $1.2 million, or 26 cents per diluted share, in the year-ago period. Tessco said revenue for the quarter, which ended June 25, was $62.5 million, a record, compared with $43.5 million for the same quarter a year ago. Tessco's quarterly report, commented William Benton, an analyst at William Blair & Co., reflected "nice growth across the board.
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | September 29, 1994
Tessco Technologies Inc., a Sparks-based distributor to the fast-growing cellular communications business, became a publicly traded company yesterday with the sale of $22.8 million worth of stock.The stock, which sold at $12 a share, was sold in two parts -- 966,870 shares offered by the company and 933,130 by existing stockholders. The stockholders included three officers, 12 individuals and four venture capital funds.After expenses connected to the offering, Tessco received about $10.8 million, which it will use for general corporate purposes and to pay off about $6.2 million of debt.
BUSINESS
By Robert Manor and Robert Manor,CHICAGO TRIBUNE | November 13, 2004
Consumer confidence rose this month, and the nation's retail sales last month were stronger than expected, according to two reports yesterday that bolstered economists' hopes that the holiday shopping season will be a happy one for the economy. The Commerce Department said retail sales, excluding motor vehicles, increased 0.9 percent, the best since May, after a 0.8 percent gain in September that was more than initially estimated. Economists had forecast a 0.6 percent gain for October.
BUSINESS
By Andrew Leckey | May 22, 2005
My fellow passengers and I recently sat 45 minutes aboard a jumbo jet on the airport tarmac prior to takeoff, as baggage handlers unloaded the entire cargo hold bag by bag in search of two pieces of luggage. "We're sorry for the delay," said the captain over the cabin intercom, "but someone checked in bags and never boarded our plane." Eventually we saw the offending garment bag and small suitcase being carted away. Better to be safe than sorry, I guess. That's not the heady stuff of a small aircraft wreaking havoc on the nation's security systems by entering White House air space but still indicative of a world in which security is an everyday preoccupation.
BUSINESS
By Jamie Smith Hopkins and Jamie Smith Hopkins,Sun reporter | August 7, 2008
FTI Consulting Inc. plans to spin off its fast-growing technology division, potentially bringing the Baltimore company hundreds of millions of dollars to position itself for another round of acquisitions. FTI, a business advisory firm best known for helping struggling companies reorganize, said yesterday that it expects to sell a minority interest in the technology segment through an initial public offering. It valued that minority stake at $600 million to $700 million. Within a year of the IPO, it said, it intends to distribute the rest of its ownership stake to FTI shareholders.
BUSINESS
By The Wall Street Journal | July 22, 2008
Now that Starbucks Corp. has disclosed the 600 locations it wants to shutter, a phenomenon is taking hold: the Save Our Starbucks campaign. In towns as small as Bloomfield, N.M., and metropolises as large as New York, customers and city officials are starting to write letters, place phone calls, circulate petitions and otherwise plead with the coffee company to change its mind. "Now that it's going away, we're devastated," said Kate Walker, a facilities manager for software company SunGard Financial Systems who recently learned of a store closing in New York City.
BUSINESS
By Hanah Cho and Hanah Cho,SUN REPORTER | January 30, 2008
T. Rowe Price Group Inc. reported yesterday that fourth-quarter profit rose 28 percent as investors continued to put money into the Baltimore investment company's mutual funds despite market volatility. Price's net income increased to $190.7 million, or 68 cents per share, from $148.9 million, or 53 cents per share. Earnings beat Wall Street expectations of 63 cents per share, according to Bloomberg, though the company has consistently stayed away from providing earnings guidance to analysts.
BUSINESS
By Stephanie Newton and Stephanie Newton,Sun reporter | June 12, 2007
A second major shareholder announced yesterday opposition to the management-led buyout of Laureate Education Inc. as the Baltimore operator of foreign and online universities continued its tender offer to take the company private for $62 a share. Select Equity Group Inc., a New York hedge fund and Laureate's largest shareholder, said in a letter to independent board members that it believes the current bid is too low. In the letter, Select Equity contends that Laureate could command at least $75 a share given its recent performance.
BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | June 5, 2007
Laureate Education Inc. responded yesterday to mounting shareholder opposition to a management-led buyout proposal by accepting an increased offer of $62 per share in hopes of appeasing dissatisfied investors. The Baltimore operator of foreign and online universities said it agreed to the $1.50-per-share increase from an investor group led by Laureate Chairman and Chief Executive Officer Douglas L. Becker. The revised $3.82 billion deal is a 14 percent premium from the closing price of $54.41 on Jan. 26, the last trading day before Laureate announced its original proposal.
BUSINESS
By Hanah Cho and Hanah Cho,Sun reporter | March 3, 2007
Baltimore investment firm T. Rowe Price became the largest shareholder to reject Laureate Education Inc.'s $3.8 billion buyout agreement, saying yesterday that the management-led deal undervalues the long-term potential of the company. T. Rowe Price, Laureate's second-largest institutional shareholder with 8.1 percent of its shares, said in a filing with the Securities and Exchange Commission that it plans to vote against the proposal because "it is not in our clients' best interests." The firm said it wants the for-profit higher education company to remain publicly traded given Wall Street analysts' strong financial forecasts about Laureate's future.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | January 24, 2003
Celera Genomics Group said yesterday that its fiscal second-quarter loss was reduced from last year's as the Rockville-based company focused more on developing drugs. Celera reported a net loss of $16.1 million, or 23 cents per share, for the quarter, compared with a loss of $117.9 million, or $1.82 per share, in the corresponding quarter a year earlier. Revenue for the quarter, which ended Dec. 31, decreased to $22.9 million from $35 million in the corresponding quarter a year ago. The company, best known for sequencing the human genome, blamed the loss on its decision to leave the gene business to develop drugs.
BUSINESS
By BILL BARNHART | September 11, 2005
FREQUENTLY, economic data indicate that consumer confidence is slumping but consumers are spending heartily. This statistical conundrum sometimes is likened to eating a bag of Oreo cookies when you're depressed about your weight. Wall Street seems to be in such a state, as the stock market rallies in the wake of a historic natural disaster and the belated recognition among many George W. Bush loyalists of ineptitude and delusion in the White House. Although stocks remain stuck in a narrow trading range, prices have advanced broadly since Hurricane Katrina devastated the Gulf Coast.
BUSINESS
By Andrew Leckey | May 22, 2005
My fellow passengers and I recently sat 45 minutes aboard a jumbo jet on the airport tarmac prior to takeoff, as baggage handlers unloaded the entire cargo hold bag by bag in search of two pieces of luggage. "We're sorry for the delay," said the captain over the cabin intercom, "but someone checked in bags and never boarded our plane." Eventually we saw the offending garment bag and small suitcase being carted away. Better to be safe than sorry, I guess. That's not the heady stuff of a small aircraft wreaking havoc on the nation's security systems by entering White House air space but still indicative of a world in which security is an everyday preoccupation.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.